In 2023, the general government expenditures on defense in the US were approximately $726 billion in PPP terms. From 2024 to 2028, it is forecasted that US defense spending will steadily increase from $733.48 billion to $764.14 billion. The year-on-year growth rate shows a gradual increase, with 2024 and 2025 each seeing growths under 2%, indicating a modest rise in defense allocations. The compound annual growth rate (CAGR) over these five years is projected to remain below 1.5%, demonstrating a stable but limited increase.
Future trends to watch for include geopolitical shifts that may trigger legislative changes in defense budgets, technological advancements influencing defense strategies, and international collaborations that could impact future expenditure levels.
Latest reports
US Defense Market Report- Q1 2025
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Germany Defense Market Report- Q1 2025
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UK Defense Market Report- Q1 2025
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France Defense Market Report- Q1 2025
In the first quarter of 2025, the defense sector in France saw significant strategic developments and investments aimed at enhancing national security and...
Canada Defense Market Report- Q1 2025
The Canadian defense market in Q1 2025 has been marked by strategic shifts in response to global economic pressures and evolving security needs....
Brazil Defense Market Report- Q1 2025
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Italy Defense Market Report- Q1 2025
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