Global Defense Logistics Market Size study & Forecast, by Service Type (Armament, Military Troop, Technical Support & Maintenance, Medical Aid, Fire-Fighting Protection, and Others), by Transportation Mode (Roadways, Airways, Seaways, and Railways), and E

Global Defense Logistics Market Size study & Forecast, by Service Type (Armament, Military Troop, Technical Support & Maintenance, Medical Aid, Fire-Fighting Protection, and Others), by Transportation Mode (Roadways, Airways, Seaways, and Railways), and End User (Army, Navy, Air force, and Others) and Regional Analysis, 2022-2029

Global Defense Logistics Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Defense logistics entails the cost-effective planning, handling, and physical movement of necessary items from the source to military bases or from military bases to military bases. Defense supply includes more than simply offering military weaponry during times of conflict. It also includes the ability to replenish the armed forces after they have been deployed, as well as the ability to equip, support, and supply the armed forces using national manufacturing infrastructure and facilities. The military forces must perform at the highest level while remaining mobile and adaptable on the battlefield. The growing construction of new military bases and rising geopolitical instabilities are key factors driving the market growth.

The growing construction of new military bases is contributing towards the increasing need for effective defense logistics. For instance, On February 2, 2023, the United States and the Philippines announced that the United States is increasing its military presence at additional military bases in the Southeast Asian nation, giving the United States a potential advantage in its efforts to thwart China's potential attempts to annex Taiwan. Also, growing technological advancements in the defense sector and continued development and modernization of logistics would create a lucrative growth prospectus for the market over the forecast period. However, the risk associated with complexities of the supply chain hinders the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Defense Logistics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players as well as a growing investment in the development of new military bases in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising incidences of geographical instabilities and increasing military spending in the region.

Major market player included in this report are:
AECOM
ANHAM FZCO
BAE Systems plc
Crowley Maritime Corp.
DynCorp International LLC
Fluor Corp.
General Dynamics Corp.
Honeywell International Inc.
Lockheed Martin Corp.
Northrop Grumman Corp

Recent Developments in the Market:
In August 2021, LMI announced the addition of a new pilot programme to its more than 25 years of assistance to the Defense Logistics Agency (DLA). This contract, which the LMI and Exiger team won, makes use of each organization's substantial expertise in cutting-edge artificial intelligence and machine learning (AI/ML) technologies to enhance operations across all DLA Supply Chain Security Strategy key areas. Through advanced technology, the programme will evaluate and manage supply chains more effectively.

In January 2022, The Ministry of Defence (MoD) and Boeing Defence UK announced an agreement on the contract extension for Logistics Information Services (Logis). This agreement intended to support services for vital stocks such as spare parts, munitions, supplies, engineering and maintenance, transport, finance, and accounting, it is required that all services have access to a technology system.

Global Defense Logistics Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Service Type, Transportation Mode, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Service Type
Armament
Military Troop
Technical Support & Maintenance
Medical Aid
Fire-Fighting Protection
Others

By Transportation Mode
Roadways
Airways
Seaways
Railways

By End User
Army
Navy
Air force
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

AECOM
ANHAM FZCO
BAE Systems plc
Crowley Maritime Corp.
DynCorp International LLC
Fluor Corp.
General Dynamics Corp.
Honeywell International Inc.
Lockheed Martin Corp.
Northrop Grumman Corp

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.