The Business Research Company’s Defense Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Defense Global Market Report 2023 evaluates defense market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global defense market size will grow from $534.79 billion in 2022 to $577.19 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of defense is expected to grow to $718.12 billion in 2027 at a CAGR of 5.6%.
The defense market segments in the report are:
1) By Type: Air based Defense Equipment, Sea based Defense Equipment, Land based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment
2) By Operation: Autonomous Defense Equipment, Manual
3) By Platform: Airborne, Land, Naval
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The table of contents in TBRC’s defense market report includes:
- Executive Summary
- Table of Contents
- List of Figures
- List of Tables
- Report Structure
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.
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- Market Background: Aerospace & Defense Market
- Market Opportunities And Strategies
- Defense Market, Conclusions And Recommendations
- Appendix
Top 5 Major Key Players Are:
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- The Boeing Company
- Raytheon Co
- Northrop Grumman Corp
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