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Military & Defense Ground Support Equipment Market Size

Report ID: GMI4486
Published Date: Sep 2023
Report Format: PDF

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Military & Defense Ground Support Equipment Market Size

Military & Defense Ground Support Equipment Market size was valued at over USD 716.5 Million in 2022 and is anticipated to grow at a CAGR of over 5% up to 2032. Military modernization is experiencing development in defense Ground Support Equipment (GSE) as advanced military hardware demands equally sophisticated support. Modernized armed forces invest in cutting-edge equipment, such as fighter jets, tanks & naval vessels, necessitating GSE for maintenance, testing, and logistics.

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Ensuring that these assets remain operational and mission-ready is paramount. The incorporation of advanced technologies in GSE, such as automation & data analytics, aligns with modernization efforts to enhance operational efficiency. The need for a highly capable, adaptable, and technologically advanced military has created a strong demand for modern GSE to support these evolving defense capabilities.

Military & Defense Ground Support Equipment Market Report Attributes
Report Attribute	Details
Base Year:	2022
Military & Defense Ground Support Equipment Market Size in 2022:	USD 716.5 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5 %
2032 Value Projection:	USD 1 Billion
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	313
Segments covered:	Equipment, Type, Power Type, Aircraft
Growth Drivers:	Military modernization Initiative of new defense programs Safety and reliability Global security challenges Advancements in technology including automation, data analytics, and connectivity
Pitfalls & Challenges:	Cybersecurity threats Infrastructure Limitations

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Military & defense ground support equipment refers to a specialized category of machinery, tools, and systems designed to provide maintenance, servicing & logistical support to military equipment and vehicles. These equipment pieces are essential for ensuring the readiness, operational efficiency, and longevity of military assets such as aircraft, armored vehicles & naval vessels.

Cybersecurity threats are a significant evolution obstacle in the defense ground support equipment market primarily due to the increasing interconnectedness of GSE systems. As GSE becomes more digitally integrated and reliant on networked technologies, it becomes vulnerable to cyberattacks. These threats can compromise the availability and functionality of critical GSE components, disrupting maintenance & support operations. To mitigate this challenge, robust cybersecurity measures, continuous monitoring, and investment in resilient infrastructure are essential for safeguarding GSE & ensuring its reliable performance in defense operations.

Authors: Suraj Gujar, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global market for military & defense ground support equipment was valued at over USD 716.5 Million in 2022 and is anticipated to grow at a CAGR of over 5% between 2023 and 2032, owing to military modernization, where advanced military hardware demands equally sophisticated support.

The hybrid segment will experience a CAGR of over 7% through 2032, due to a growing global focus on sustainability and reducing carbon emissions.

Asia Pacific defense ground support equipment market is expected to grow at a CAGR of over 6% through 2032, as the region's geopolitical landscape has led to increased defense spending, resulting in a higher demand for advanced GSE to support modernized military forces.

Air+MAK, Atec, Inc., Cavotec SA, GATE GSE, Hydraulics International Inc., ITW GSE ApS, JBT, Rheinmetall AG, Tronair Inc., and Unitron, LP.