Global Defense Market In US 2024-2028
The defense market in us is forecasted to grow by USD 169.43 bn during 2023-2028, accelerating at a CAGR of 4.91% during the forecast period. The report on the defense market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for unmanned aerial vehicles in us, rise in investment for robust cybersecurity infrastructure in us defense sector, and growing investments in defense modernization in us.
Technavio's defense market in us is segmented as below:
By Type
- Manual defense equipment
- Autonomous defense equipment
By Platform
By End-user
- Military
- Government agencies
- Defense contractors
By Geographical Landscape
This study identifies the increase in technological innovation in defense industry as one of the prime reasons driving the defense market in us growth during the next few years. Also, research and development efforts to develop hypersonic missiles and vehicles for strategic and tactical purposes and rising adoption of manned-unmanned teaming and ai-driven pilot systems in us defense will lead to sizable demand in the market.
The report on the defense market in us covers the following areas:
- Defense market in us sizing
- Defense market in us forecast
- Defense market in us industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading defense market in us vendors that include Airbus SE, BAE Systems Plc, Elbit Systems Ltd., General Dynamics Corp., General Electric Co., General Motors Co., Honeywell International Inc., Huntington Ingalls Industries Inc., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Neo Tech Inc., Northrop Grumman Corp., Oshkosh Corp., Polaris Inc., QinetiQ Ltd., Revision Military, RTX Corp., Safeguard, Smith and Wesson Brands Inc., Textron Inc., Thales Group, and The Boeing Co. Also, the defense market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.