Next Generation Technologies Report Defense Market Research Report - Industry Size.

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Defense Market Research Report - Industry Analysis, Size, Growth and Forecasts 2016 to 2024 - Hexa Research The global defense market is growing rapidly as the military budgets of governments worldwide are increasing annually. The governments of various countries worldwide are also investing in defense R & D to equip their countries with technologies that guarantee safety from harmful elements. The annual defense budget of top 50 countries has crossed USD 1.6 trillion, which is more than the GDP of 11 largest economies. There is also a clear belief in the global environment that the defense budget increase reflects the economic growth of countries. The defense equipment is majorly made up of ground vehicles, missile systems, sensors and radars, unmanned systems, and naval systems. The ground vehicles have been predominantly used to a large extent in the defense market. The increased research concerning innovation and growing importance of sensors & radars are Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/