1. Market Research
  2. > Aerospace and Defense
  3. > Defense Market Trends
Global Defense Budget Analysis - Forecast to 2028

Global Defense Budget Analysis - Forecast to 2028

  • May 2020
  • 329 pages
  • ID: 5896975
  • Format: PDF
  • Market Forecast

Summary

Table of Contents

COVID-19 included Market forecasts by Department, End-Allotment, and by Region. Current Market Overview, Country Analysis, Trends, Opportunity Analysis, and Leading Company Profiles

The US Defense budget accounts to the majority of Global Defense spending. If US Defense budget is treated as a country’s GDP, it would rank amongst the top 25 GDPs in the world. The market is also experiencing a rapid rise in spending from countries like China, Saudi Arabia and India. However, China that ranks second in the Global Defense Budget list, spends less than half of the defense budget of US. The top five countries accounted to more than 60% of the market, these countries are United States, China, India, Russia and Saudi Arabia.


The Geopolitical situation plays an important role in the defense spending, countries which have strained relationship with their neighboring countries are likely to spend more on their defense budget. A government of a country with a 30 percent risk of expected civil war within five years is expected to raise its spending by around 1.2 percent of GDP in comparison to another country without an evident risk.

Technology imitation especially with respect to design is one of the major challenges for the defense industry. The theft of sensitive design data by hackers who target programs, like the F-35 Joint Strike Fighter by the United States, for example, takes away a major advantage from the nation who developed the original technology. Due to the striking resemblance of China’s J-31 aircrafts to United States’ F-35 joint strike fighter, the global media has reported that China could have had access to the designs of the F-35 aircrafts.

The total Global Defence Budget is estimated at around USD 1.8 Trillion in 2020 and the market is expected to grow to around USD 2.3 Trillion by 2028. The CAGR of the market is accounted at around 2.72%. North America is expected to have the highest defense budget by the end of the forecast period. Land Forces are expected to be the largest department by the end of the forecast period while Defense Personnel is expected to be the largest segment by end allotment.

The report gives clear understanding on:

- The Key drivers, restraints and challenges which are expected to shape the Global Defense Budget are covered in detail in the report.
- The top twenty countries have been analyzed in detail with respect to their military budget, military size, and upcoming procurement programs.
- The PEST analysis of the Global Defense Budget has been covered in the report.
- The high growth markets have been identified in the Opportunity Analysis Chapter.
- The market forecast from 2020- 2028 considering all the factor, which is expected to impact the market.
- The Scenario Analysis Chapter covers the key scenarios and its impacts on the forecast chapter.
- The impact of Corona has been dealt in detailed across the Global economies.

Segmentation covered in this report

The market is segmented based on End Allotment, Region, and Department:

By End Allotment
- Personnel
- Operation and Maintenance
- Procurement and Construction
- Research and Development
- Others

Region Wise Segmentation:
- North America
- Europe
- APAC
- Middle East
- ROW

By Department
- Land Forces
- Air Forces
- Naval Forces
- Others

Country Level Analysis
- USA
- China
- France
- Russia
- UK
- Germany
- Italy
- Australia
- Canada
- Israel
- Spain
- Netherlands
- Japan
- India
- Brazil
- Saudi Arabia
- UAE
- Algeria
- Iran
- Turkey

Reasons to buy

- The report can be used by new players and potential entrants in the defense industry to gain competitive insights on the Global Defense Budget.
- The report helps to analyze the key historical trends of global military spending as well as the factors which are expected to shape upcoming trends in the future.
- The dynamics which influence global defense spending, which include the Key Drivers, Restraints and Challenges of the Global Defense Budget, are included in this report.
- Marketing and sales team of companies in the defense sector can use this report to formulate their medium- and long-term strategies and to reconfirm their short-term plans.
- The sales team can use the Market Forecast Chapter to formulate their medium-term sales plan.
- The sales and marketing team can use the country analysis chapter to identify trends and opportunities in the top defense spending countries.
- The key hot spots within the Global Defense Spending can be identified by analyzing the Opportunity Analysis Chapter.
- Various scenarios which could affect the Global Defense Spending are analyzed in this chapter such as the outbreak of infectious diseases recent.
- The possible impact of the Covid-19 outbreak on the Global Defence Budget has been analyzed in the report.
- The company profiles include financials, latest news, contracts, strategic alliances, and SWOT for the top 10 companies in the global defence sector.

Who is this report for?

- Defense Manufacturers: The report would be help to both the Defense manufacturers to understand a country’s spending potential and thereby target the right customers.
- Component Manufacturers: The report would help component manufacturers to understand the split of country’s spending in maintenance.
- Financial Institutions: The financial institutions like the financial brokers and the banking institutes can use this report to evaluate their funding or investment strategies.
- Department of Defense: The Department of Defense could use this report to understand the defense budget trends of the top ten countries. This would give them an overall perspective of potential markets.
- OEMs: Original Equipment Manufacturers could use this report to understand their key market potential
- Decision Makers: The future investment and technology focus decisions could be formulated based on the inputs of this report.
- Other Organizations: Various other NGO and Non- Governmental organizations involved with the research of global military spending can use this report to support their research.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on