Global Defence Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Defence market:
The latest research study on the global Defence market finds that the global Defence market reached a value of USD 76253.82 million in 2022. It’s expected that the market will achieve USD 131135.41 million by 2028, exhibiting a CAGR of 9.46% during the forecast period.

Impacts from the short term
In the short term, defence companies' orders are relatively stable, and the short-term impact of the epidemic is mainly reflected in production. The start of construction will be postponed appropriately due to the impact of the epidemic, but the impact is not expected to be large. However, the compression of valuation is inevitable. The epidemic has brought a decline in the overall risk appetite of the market, which has a greater impact on the valuation of the industry. Fiscal pressure may cause the growth rate of the defence budget to decline. Because of the epidemic situation, the financial pressure of various countries is greater, and after the epidemic situation, they are also facing the pressure of SMEs to reduce taxes and fees, and the defence budget may be affected.

Impacts from the long-term
Because of the high degree of stability in the performance of the national defence industry, it has a firm value. Controllable risk is an important prerequisite to adhere to. From a very long-term perspective, the risks of national defence are very limited. The steady growth of the national defence budget determines the steady growth of the industry's performance. There is no such thing as a sharp decline in performance and equity pledge risk. Neither the impact of short-term events nor the medium- and long-term impact on the macro economy will cause substantial damage to the defence industry.

Increased technological innovation and progress
As the country's overall strength continues to increase, people are paying more and more attention to national defence. National defence technological innovation plays an important role on the basis of improving the country's military strength. The state needs cash for defence technologies and systems to maintain and guarantee national security. Various countries and related companies are committed to developing new defence technologies. Improvements in defence technology and continuous innovation will promote the development of the defence market. Strengthening national defence technology innovation and accelerating the construction of the national defence system will be the objective law of national defence technology development.

Increased political uncertainty between countries
Modern national defence is a huge and complex system including many aspects such as armed construction, national defence system, military technology and industry, national defence engineering, military transportation and communication, manpower mobilization, national defence education, and national defence regulations. Modern national defence takes military power as the core, and also includes related non-military forces. It is a competition of comprehensive national strength based on economy and technology. Due to increased political uncertainty between countries, increasing security concerns in various countries and increasing government spending on R & D activities, this industry will be promoted.

The Asia-Pacific, Middle East and Russia market
The UAE, Saudi Arabia, India, South Korea, Japan, China and Russia have also shown potential growth prospects due to threats from other countries. In particularly, China, Japan, India and other countries have increased their investment in designing, developing, manufacturing, and providing various high-tech defence systems for air, land, ocean, and space applications. Therefore, it is expected that the investment and demand of the Asia-Pacific region in the defence market will continue to increase.
Among them, the strong military modernization plans of China and Russia, coupled with competition in the fields of cyber, electronic and information warfare, space, intelligence gathering and unmanned combat, will push forward major defence spending countries to invest forward. India and Saudi Arabia are also improving the innovation and production capacity of local industries, which in turn requires increased investment. Driven by strong markets in the Asia-Pacific region and the Middle East, the defence market will continue to develop.

Region Overview:
In 2022, the share of the Defence market in North America stood at 35.63%.

Company Overview:
Boeing is one of the major players operating in the Defence market, holding a share of 4.45% in 2023.

Boeing
The Boeing Company, together with its subsidiaries, develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry worldwide. The Company also researches, develops, produces, modifies, and supports information, space, and defence systems, including military aircraft, helicopters and space and missile systems.

Siemens AG
Siemens AG is an engineering and manufacturing company. The Company focuses on areas of electrification, automation, and digitalization. Siemens also provides engineering solutions in automation and control, power, transportation, and medical diagnosis.

Segmentation Overview:
Among different product types, Sensors segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Ground defence segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Defence market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Defence market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Defence and its sub-markets in an intuitive way.

Key Companies in the global Defence market covered in Chapter 3:
Agilent Technologies
Telefonica
Vodafone
ROHDE&SCHWARZ
VIAVI Solutions
Siemens AG
AT&T
Keysight Technologies
Advantech Co. Ltd
Emerson Electric Co.
STMicroelectronics
Boeing
Deutsche Telekom
Anritsu
Verizon Communications
ABB Ltd
Teradyne
Qualcomm Technologies, Inc.
Yokogawa Electric Co

In Chapter 4 and Chapter 14.2, on the basis of types, the Defence market from 2018 to 2029 is primarily split into:
Data Acquisition Modules and Computers
Sensors
Robotics
Spectrum Control
Wireless Communication

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Defence market from 2018 to 2029 covers:
Air Defence
Ground Defence
Sea Defence

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Defence market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions