Global Defense Market Report 2023: Players Include Northrop Grumman, BAE Systems, Airbus and Thales
Tuesday, July 4, 2023
DUBLIN, June 26, 2023 /PRNewswire/ -- The "Defense Outlook - A Global and Regional Analysis: Focus on Key Enabling Technologies, Geo-Political Risks, and Country - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The global defense outlook showcases the defense budget of 30 countries for the period 2023-2033. The cumulative defense budget is valued to be $29,031.67 billion for the period 2023-2033.
The global defense market is expected to be driven by geo-political activities, technological investment in autonomous and cyber capabilities, the emergence of public and private defense industries, and contracts by the national governments, among other factors.
Global Defense Outlook: Market Lifecycle Stage
The global defense market is in the maturity stage of its life cycle, characterized by a consolidated industry, slowing growth, and increased competition for a shrinking pool of defense spending.
The defense industry is responsible for producing the equipment and technologies that are used by military forces around the world. One of the primary effects of the defense market on the global defense scenario is that it drives innovation and technological advancement.
Companies that compete in the defense market are constantly developing new and better ways to protect soldiers, vehicles, and installations, as well as to detect, track, and engage enemy targets. This innovation helps to ensure that military forces are better equipped to confront the challenges of modern warfare. The defense market also helps to shape alliances and partnerships between countries.
Countries that purchase defense equipment from a particular supplier often develop close ties with that supplier, which can lead to increased cooperation on other issues. Additionally, the defense market can create dependencies between countries, as some countries may rely on others for critical military capabilities.
Finally, the defense market can have an impact on global economic and political stability. Defense spending represents a significant portion of many countries' budgets, and the health of the defense market can have implications for government finances and employment. Additionally, the proliferation of advanced defense technologies can create security challenges, as countries may seek to acquire these technologies for their own military programs.
Overall, the defense market is a critical component of the global defense scenario, and its size, health, and trends can have far-reaching implications for countries and international security.
Country Analysis
-- U.S.
-- China
-- Russia
-- India
-- Germany
-- Australia
-- U.K.
-- Saudi Arabia
-- France
-- South Korea
-- Japan
-- Italy
-- Canada
-- Ukraine
-- U.A.E.
-- Turkey
-- Israel
-- Poland
-- Brazil
-- Taiwan
-- Netherlands
-- Spain
-- Singapore
-- Algeria
-- Indonesia
-- Oman
-- Kuwait
-- Colombia
-- Pakistan
-- Norway
Recent Developments in the Defense Industry
-- On 20th April 2023, Rheinmetall Defence and Lockheed Martin entered into
a memorandum of understanding (MOU) to collaborate on a tailored
solution to provide Germany with a unique rocket artillery system,
maximizing existing and combat-proven components produced in Germany.
-- On 20th April 2023, BAE Systems signed a contract with Ritek AS to
produce two new CV90 variants for the Swedish Armed Forces. The work
would be carried out in cooperation with BAE Systems Hagglunds, with the
delivery scheduled between 2023 and 2027.
-- On 19th April 2023, the U.S. Defense Advanced Research Projects Agency
(DARPA) awarded BAE Systems with a $8.3 million contract to develop an
advanced autonomy system to speed operational planning under the
Strategic Chaos Engine for Planning, Tactics, Experimentation, and
Resiliency (SCEPTER) program. The program is designed to develop
machine-generated strategies, evaluated within trusted simulation
environments with thorough human review.
-- On 13th April 2023, Boeing unveiled its Protected Wideband Satellite
(PWS) design featuring Boeing's Protected Tactical SATCOM Prototype
(PTS-P) payload hosted aboard the U.S. Space Force's Wideband Global
SATCOM (WGS)-11 spacecraft with automated anti-jam capabilities to stay
connected in a contested environment.
-- On 13th April 2023, Boeing and the Defense Acquisition Program
Administration (DAPA) of the Republic of Korea (ROK) signed a memorandum
of understanding (MoU) to jointly research, develop, and market advanced
weapons systems.
-- On 12th April 2023, Saab signed a contract with the Swedish Defence
Materiel Administration (FMV) for the support and maintenance services
for the JAS 39 Gripen C/D fighter aircraft. The order is valued at
$29.93 million and ensures continued operation and a cost-effective
solution regarding the maintenance and availability of the system.
-- On 14th February 2023, Thales Australia partnered with RGM Maintenance
(RGM) and Queensland SME to help optimize and advance specialized heavy
vehicle maintenance and regional access to services and maintenance of
Land Materiel for the Australian Defence Force (ADF).
-- On 29th March 2023, the French Navy's Lorraine multi-mission frigate was
enhanced with air defense capabilities (FREMM DA) which successfully
fired the Aster 30 air defense missile.
-- On 28th March 2023, the NATO Support and Procurement Agency (NSPA)
ordered an additional Airbus A330 Multi-Role Tanker Transport (MRTT),
increasing the Multinational MRTT Fleet (MMF) to 10 aircraft.
-- On 10th January 2023, Airbus and VDL Group signed a partnership for the
manufacturing and development of a laser communication terminal for
aircraft, known as UltraAir. The two companies will have scheduled the
preparation of a demonstration of the prototype's first flight test in
2024.
Demand - Drivers and Limitations
The following are the drivers for the global defense market:
-- Rising Procurement of Multi-Mission Helicopters and Fighter Jets to have
Positive Impact on Market
-- Increasing Penetration of Autonomous Systems in Military Applications
The following are the challenges for the global defense market:
-- Long Gestation Periods and High Import Dependency for Procurement of
Defense Equipment
-- High Manufacturing Cost Associated with Integration and Implementation
of Air and Space Systems
The following are the opportunities for the global defense market:
-- Rise of Internet of Military Things and Era of Digital Battlefield:
Future and its Potential
-- Ageing Fleet
Key Companies Profiled
-- Lockheed Martin Corporation
-- Raytheon Technologies Corporation
-- The Boeing Company
-- Northrop Grumman Corporation
-- BAE Systems
-- Airbus S.A.S
-- Thales Group
-- Embraer SA
-- Leonardo S.p.A.
-- Textron Systems Aviation
-- Dassault Aviation
-- General Dynamics
-- Saab AB
-- Tactical Missiles Corporation
-- MBDA Missile System
Key Topics Covered:
1 Markets
1.1 Industry Outlook
1.2 Current and Future Trends in the Global Defense Outlook
1.3 Business Dynamics
1.3.1 Business Drivers
1.3.1.1 Rising Procurement of Multi-Mission Helicopters and Fighter Jets to have Positive Impact on Market
1.3.1.2 Increasing Penetration of Autonomous Systems in Military Applications
1.3.2 Business Challenges
1.3.2.1 Long Gestation Periods and High Import Dependency for Procurement of Defense Equipment
1.3.2.2 High Manufacturing Cost Associated with Integration and Implementation of Air and Space Systems
1.3.3 Business Strategies
1.3.3.1 New Product Developments
1.3.4 Corporate Strategies
1.3.4.1 Partnerships, Agreements, Contracts, Collaborations, and Mergers
1.3.5 Business Opportunities
1.3.5.1 Rise of Internet of Military Things and Era of Digital Battlefield: Future and its Potential
1.3.5.2 Ageing Fleet
2 Next-Generation Capabilities: Investments and Innovation
2.1 Key Enabling Technologies
2.1.1 Evolution of Hypersonic Missiles and Next-Generation Missile Defense Capabilities
2.1.2 Next-Generation Supersonic and Hypersonic Aircraft
2.1.3 Emerging Need for Satellite-Based Intelligence, Surveillance, and Reconnaissance
2.1.4 Evolution of Space Forces and Their Technologies
2.1.4.1 Space Forces Leveraging Commercial Small Satellites for ISR
2.1.4.2 Space Forces Leveraging Space as a Warfighting Domain
2.1.4.3 Evolution of Sustainable Space Economy
2.2 Indigenization of the Global Defense Sector
3 Top 10 Geo-Political Risks and Security Threats
3.1 Top 10 Geo-Political Risks and Security Threats
3.2 Multi-Lateral Peace Operations and Treaties Across the World
4 Region
5 Markets - Competitive Benchmarking & Company Profiles
5.1 Company Profiles
5.2 Emerging Start-Ups
6 Growth Opportunities and Recommendations
6.1 Growth Opportunity 1: ChatGPT for Military Assistance
6.2 Growth Opportunity 2: Combination of Edge Computing and Quantum Computing
6.3 Growth Opportunity 3: Developing More Efficient Engines for Hypersonic Aircraft
7 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/igmx98
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