United States - Defense Budget Analysis, Competitive Landscape and Forecasts to 2024
United States - Defense Budget Analysis, Competitive Landscape and Forecasts to 2024 , published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand and an analysis of industry leading companies.
This report offers detailed analysis of the US defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
In particular, it provides an in-depth analysis of the following -
- The US defense industry market size and drivers: detailed analysis of the US defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to procurement, Operations & Maintenance (O&M) and others expenditure.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
- Market opportunities: details of the top defense investment opportunities over the next 10 years
- Vendor landscape and strategic insights: analysis of the vendor landscape of the US defense market.
- Shifting from Post-9/11 asymmetric warfare to complete readiness for potential conflicts with peer- or near peer-competitors is a Copernican revolution for The Pentagon at every level: diplomatic, military, and doctrinal, and also in terms of procurement and training. Russia and China are normally identified as the top challengers of American hegemony around the world, notably from a military perspective.
- Preserving the status quo necessitates more expenditure in existing platform upgrades and new technology integration, evidenced by the current trend of budget allocation. This year’s DoD budget will increase by 3% from FY 2018, which was already one of the highest recorded in history (although smaller than FY 2017).
- However, expenditures on actual acquisitions is in contrast to this trend. The procurement budget will hit $143 billion for FY 2020, after two consecutive years of $150 billion. More money is actually going into personnel, infrastructure, and O&M expenditure.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the US defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes the expected investment pattern by the country during the forecast period