Defense Spending Global Industry Guide 2018
Defense Spending Global Industry Guide 2018
SUMMARY
Global Defense Spending industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
SYNOPSIS
Essential resource for top-line data and analysis covering the global defense spending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends and leading companies.
KEY HIGHLIGHTS
Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces (including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces), defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans' benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
SUMMARY
Global Defense Spending industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
SYNOPSIS
Essential resource for top-line data and analysis covering the global defense spending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends and leading companies.
KEY HIGHLIGHTS
Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces (including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces), defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans' benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
- Values are segmented by the proportion of the market attributable to the army, navy and air force, with any other expenditures contained under 'other'.
- The volume of the market measures the number of active serving personnel in the national army, air force, navy (including marines and coast guard) and other elements of the service, such as Joint Staff.
- Any currency conversions used in the creation of this report have been calculated using constant 2016 annual average exchange rates.
- The global defense spending market is expected to generate total budget allocation of $1,610.7bn in 2017, representing a compound annual growth rate (CAGR) of 2.6% between 2013 and 2017.
- Market volume is forecast to decline with a CARC of -0.2% between 2013 and 2017, to reach a total of 18.7 million armed forces personnel in 2017.
- Defense spending has increased in some countries, but for the most part developed economies have been neglecting their military budgets due to budget constraints. Primary drivers between 2013 and 2017 have been Russia and China, both seeking to extensively modernize military power. For the most part, the US had engaged in sequestration until 2017, when a military increase was authorized.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global defense spending market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global defense spending market
- Leading company profiles reveal details of key defense spending market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global defense spending market with five year forecasts by both value and volume
- What was the size of the global defense spending market by value in 2017?
- What will be the size of the global defense spending market in 2022?
- What factors are affecting the strength of competition in the global defense spending market?
- How has the market performed over the last five years?
- What are the main segments that make up the global defense spending market?
EXECUTIVE SUMMARY
Market value
Market value forecast
Market volume
Market volume forecast
Category segmentation
Geography segmentation
Introduction
What is this report about?
Who is the target reader?
How to use this report
Definitions
Global Defense Spending
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Defense Spending in Asia-Pacific
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Defense Spending in Europe
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Defense Spending in France
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Germany
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Italy
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Japan
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Australia
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Canada
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in China
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in The Netherlands
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Spain
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in The United Kingdom
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in The United States
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Company Profiles
Leading Companies
Appendix
Methodology
About MarketLine
Market value
Market value forecast
Market volume
Market volume forecast
Category segmentation
Geography segmentation
Introduction
What is this report about?
Who is the target reader?
How to use this report
Definitions
Global Defense Spending
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Defense Spending in Asia-Pacific
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Defense Spending in Europe
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Defense Spending in France
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Germany
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Italy
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Japan
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Australia
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Canada
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in China
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in The Netherlands
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in Spain
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in The United Kingdom
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Defense Spending in The United States
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Macroeconomic indicators
Company Profiles
Leading Companies
Appendix
Methodology
About MarketLine
LIST OF TABLES
Table 1: Global defense spending market value: $ billion, 2013–17
Table 2: Global defense spending market volume: thousand armed forces personnel, 2013–17
Table 3: Global defense spending market category segmentation: $ billion, 2017
Table 4: Global defense spending market geography segmentation: $ billion, 2017
Table 5: Global defense spending market value forecast: $ billion, 2017–22
Table 6: Global defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 7: Asia-Pacific defense spending market value: $ billion, 2013–17
Table 8: Asia–Pacific defense spending market volume: thousand armed forces personnel, 2013–17
Table 9: Asia–Pacific defense spending market category segmentation: $ billion, 2017
Table 10: Asia–Pacific defense spending market geography segmentation: $ billion, 2017
Table 11: Asia-Pacific defense spending market value forecast: $ billion, 2017–22
Table 12: Asia–Pacific defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 13: Europe defense spending market value: $ billion, 2013–17
Table 14: Europe defense spending market volume: thousand armed forces personnel, 2013–17
Table 15: Europe defense spending market category segmentation: $ billion, 2017
Table 16: Europe defense spending market geography segmentation: $ billion, 2017
Table 17: Europe defense spending market value forecast: $ billion, 2017–22
Table 18: Europe defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 19: France defense spending market value: $ million, 2013–17
Table 20: France defense spending market volume: thousand armed forces personnel, 2013–17
Table 21: France defense spending market category segmentation: $ million, 2017
Table 22: France defense spending market geography segmentation: $ million, 2017
Table 23: France defense spending market value forecast: $ million, 2017–22
Table 24: France defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 25: France size of population (million), 2013–17
Table 26: France gdp (constant 2005 prices, $ billion), 2013–17
Table 27: France gdp (current prices, $ billion), 2013–17
Table 28: France inflation, 2013–17
Table 29: France consumer price index (absolute), 2013–17
Table 30: France exchange rate, 2013–17
Table 31: Germany defense spending market value: $ million, 2013–17
Table 32: Germany defense spending market volume: thousand armed forces personnel, 2013–17
Table 33: Germany defense spending market category segmentation: $ million, 2017
Table 34: Germany defense spending market geography segmentation: $ million, 2017
Table 35: Germany defense spending market value forecast: $ million, 2017–22
Table 36: Germany defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 37: Germany size of population (million), 2013–17
Table 38: Germany gdp (constant 2005 prices, $ billion), 2013–17
Table 39: Germany gdp (current prices, $ billion), 2013–17
Table 40: Germany inflation, 2013–17
Table 41: Germany consumer price index (absolute), 2013–17
Table 42: Germany exchange rate, 2013–17
Table 43: Italy defense spending market value: $ million, 2013–17
Table 44: Italy defense spending market volume: thousand armed forces personnel, 2013–17
Table 45: Italy defense spending market category segmentation: $ million, 2017
Table 46: Italy defense spending market geography segmentation: $ million, 2017
Table 47: Italy defense spending market value forecast: $ million, 2017–22
Table 48: Italy defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 49: Italy size of population (million), 2013–17
Table 50: Italy gdp (constant 2005 prices, $ billion), 2013–17
Table 51: Italy gdp (current prices, $ billion), 2013–17
Table 52: Italy inflation, 2013–17
Table 53: Italy consumer price index (absolute), 2013–17
Table 54: Italy exchange rate, 2013–17
Table 55: Japan defense spending market value: $ million, 2013–17
Table 56: Japan defense spending market volume: thousand armed forces personnel, 2013–17
Table 57: Japan defense spending market category segmentation: $ million, 2017
Table 58: Japan defense spending market geography segmentation: $ million, 2017
Table 59: Japan defense spending market value forecast: $ million, 2017–22
Table 60: Japan defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 61: Japan size of population (million), 2013–17
Table 62: Japan gdp (constant 2005 prices, $ billion), 2013–17
Table 63: Japan gdp (current prices, $ billion), 2013–17
Table 64: Japan inflation, 2013–17
Table 65: Japan consumer price index (absolute), 2013–17
Table 66: Japan exchange rate, 2013–17
Table 67: Australia defense spending market value: $ million, 2013–17
Table 68: Australia defense spending market volume: thousand armed forces personnel, 2013–17
Table 69: Australia defense spending market category segmentation: $ million, 2017
Table 70: Australia defense spending market geography segmentation: $ million, 2017
Table 71: Australia defense spending market value forecast: $ million, 2017–22
Table 72: Australia defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 73: Australia size of population (million), 2013–17
Table 74: Australia gdp (constant 2005 prices, $ billion), 2013–17
Table 75: Australia gdp (current prices, $ billion), 2013–17
Table 1: Global defense spending market value: $ billion, 2013–17
Table 2: Global defense spending market volume: thousand armed forces personnel, 2013–17
Table 3: Global defense spending market category segmentation: $ billion, 2017
Table 4: Global defense spending market geography segmentation: $ billion, 2017
Table 5: Global defense spending market value forecast: $ billion, 2017–22
Table 6: Global defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 7: Asia-Pacific defense spending market value: $ billion, 2013–17
Table 8: Asia–Pacific defense spending market volume: thousand armed forces personnel, 2013–17
Table 9: Asia–Pacific defense spending market category segmentation: $ billion, 2017
Table 10: Asia–Pacific defense spending market geography segmentation: $ billion, 2017
Table 11: Asia-Pacific defense spending market value forecast: $ billion, 2017–22
Table 12: Asia–Pacific defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 13: Europe defense spending market value: $ billion, 2013–17
Table 14: Europe defense spending market volume: thousand armed forces personnel, 2013–17
Table 15: Europe defense spending market category segmentation: $ billion, 2017
Table 16: Europe defense spending market geography segmentation: $ billion, 2017
Table 17: Europe defense spending market value forecast: $ billion, 2017–22
Table 18: Europe defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 19: France defense spending market value: $ million, 2013–17
Table 20: France defense spending market volume: thousand armed forces personnel, 2013–17
Table 21: France defense spending market category segmentation: $ million, 2017
Table 22: France defense spending market geography segmentation: $ million, 2017
Table 23: France defense spending market value forecast: $ million, 2017–22
Table 24: France defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 25: France size of population (million), 2013–17
Table 26: France gdp (constant 2005 prices, $ billion), 2013–17
Table 27: France gdp (current prices, $ billion), 2013–17
Table 28: France inflation, 2013–17
Table 29: France consumer price index (absolute), 2013–17
Table 30: France exchange rate, 2013–17
Table 31: Germany defense spending market value: $ million, 2013–17
Table 32: Germany defense spending market volume: thousand armed forces personnel, 2013–17
Table 33: Germany defense spending market category segmentation: $ million, 2017
Table 34: Germany defense spending market geography segmentation: $ million, 2017
Table 35: Germany defense spending market value forecast: $ million, 2017–22
Table 36: Germany defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 37: Germany size of population (million), 2013–17
Table 38: Germany gdp (constant 2005 prices, $ billion), 2013–17
Table 39: Germany gdp (current prices, $ billion), 2013–17
Table 40: Germany inflation, 2013–17
Table 41: Germany consumer price index (absolute), 2013–17
Table 42: Germany exchange rate, 2013–17
Table 43: Italy defense spending market value: $ million, 2013–17
Table 44: Italy defense spending market volume: thousand armed forces personnel, 2013–17
Table 45: Italy defense spending market category segmentation: $ million, 2017
Table 46: Italy defense spending market geography segmentation: $ million, 2017
Table 47: Italy defense spending market value forecast: $ million, 2017–22
Table 48: Italy defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 49: Italy size of population (million), 2013–17
Table 50: Italy gdp (constant 2005 prices, $ billion), 2013–17
Table 51: Italy gdp (current prices, $ billion), 2013–17
Table 52: Italy inflation, 2013–17
Table 53: Italy consumer price index (absolute), 2013–17
Table 54: Italy exchange rate, 2013–17
Table 55: Japan defense spending market value: $ million, 2013–17
Table 56: Japan defense spending market volume: thousand armed forces personnel, 2013–17
Table 57: Japan defense spending market category segmentation: $ million, 2017
Table 58: Japan defense spending market geography segmentation: $ million, 2017
Table 59: Japan defense spending market value forecast: $ million, 2017–22
Table 60: Japan defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 61: Japan size of population (million), 2013–17
Table 62: Japan gdp (constant 2005 prices, $ billion), 2013–17
Table 63: Japan gdp (current prices, $ billion), 2013–17
Table 64: Japan inflation, 2013–17
Table 65: Japan consumer price index (absolute), 2013–17
Table 66: Japan exchange rate, 2013–17
Table 67: Australia defense spending market value: $ million, 2013–17
Table 68: Australia defense spending market volume: thousand armed forces personnel, 2013–17
Table 69: Australia defense spending market category segmentation: $ million, 2017
Table 70: Australia defense spending market geography segmentation: $ million, 2017
Table 71: Australia defense spending market value forecast: $ million, 2017–22
Table 72: Australia defense spending market volume forecast: thousand armed forces personnel, 2017–22
Table 73: Australia size of population (million), 2013–17
Table 74: Australia gdp (constant 2005 prices, $ billion), 2013–17
Table 75: Australia gdp (current prices, $ billion), 2013–17
Global defense spending market has grown moderately between 2013 and 2017, as countries such as Russia and China’s increasing spending more than offset retrenchment in Europe and the US. The market is expected to accelerate toward 2022 as regional instability continues to deteriorate.
Defense spending has increased in some countries, but for the most part developed economies have been neglecting their military budgets due to budget constraints. Primary drivers between 2013 and 2017 have been Russia and China, both seeking to extensively modernize military power. For the most part, the US had engaged in sequestration until 2017, when a military increase was authorized.
Global defense spending market is expected to generate a total budget allocation of $1,610.7bn in 2017, representing a compound annual growth rate (CAGR) of 2.6% between 2013 and 2017. In comparison, the Asia-Pacific market will increase with a CAGR of 7.2%, and the US market will decline with a CAGR of -1%, over the same period, to reach respective values of $468.0bn and $613.7bn in 2017.
The Trump administration has committed to spending more and has publicly rebuked its NATO partners for failing to meet the two percent of GDP target, prompting many to begin to increase spending. Major regional powers such as Saudi Arabia, Russia, and China are all increasing spending, prompting similar reactions in neighboring countries. Eastern Europe, the middle East, and the South China Sea are potential flashpoints for conflict in the forecast period.
