Global Aerospace & Defense Market - Top 7 Global A&D Primes - Annual Strategy Dossier - 2024 - Airbus, BAE Systems, Boeing, Lockheed Martin, Northrop Grumman, General Dynamics, RTX
1. Defense Spending across the U.S. and most Key Global Markets in a Major Upswing Phase amid ongoing Great Power Competition, Geopolitical Tensions & Political Conflicts across Regions
The Global Aerospace & Defense Market is in a major upswing phase owing to the whittling down of traditional, rule-based world order; led by China’s geopolitical revisionism, backed by military ascension amid territorial disputes as well as issues with neighbors & military adventurism in Asia; and Russia’s military resurgence with a renewed threat to Europe as the geopolitical dynamic clearly shifts towards multi-polarity. The same has led to a virtual defense renaissance globally and has created a surge in demand for procurement of new defense equipment, replacement of legacy systems, increased spending outlay towards R&D on next generation technologies and an accelerated production ramp-up of ammunition being undertaken across most key markets globally.
Global defense spending, clearly, is on an upward growth trajectory having reached the record level of $2.4 trillion for 2023, driven by geopolitical shifts, and is projected to reach $2.5 trillion in 2024, thereby, providing the defense industrial bases across most key markets significant growth opportunities for the medium term horizon as it is desperately trying to ramp-up production rates over near term, amid supply chain constraints, to backfill depleting U.S. & NATO allies’ stockpiles of munitions, missiles & weapon systems besides fulfilling Ukraine’s critical requirements and to meet growing international demand in the era of great power competition. The U.S. Defense Budget, the largest in the world, continues to be in a marked growth phase and is pegged at $849.8 billion for FY2024, after registering a modest 2.3% YoY growth for 2023, as the focus remains on strategic rivalry with China and further capabilities development for sustained overmatch, supporting Ukraine, Israel, Taiwan & other global allies and technological advancement as the core pivot amid the near-term political uncertainty over the upcoming U.S. Presidential elections and the likely degree of subsequent U.S military support as well as posture towards the NATO Allies.
2. Doctrinal & Tactical Emphasis on a Mix of Conventional & Disruptive Capabilities
The ongoing Russia-Ukraine war, which has just entered its third year in 2024, has already led to a shortfall in the availability of ammunition and has led to a renaissance & revitalization of defense production capabilities as well as capacity globally. The war has brought back the doctrinal & tactical emphasis on and has highlighted the critical role of conventional artillery, armor, air defenses, missile systems in the overall force structure. Further, the improvised & innovative usage of UAS as well as loitering munitions has bolstered efforts globally towards bolstering & revitalization of capabilities across these growth-bound domains over near to medium term. Israel’s ongoing military operation against Hamas in Gaza has further exacerbated geopolitical tensions, created unrest and has disrupted the existing dynamics and equations as the entire Middle East region sits on the edge of the precipice over the Palestine issue. Further, the rapidly rising profile as well as sophisticated capabilities of non-state actors poses a serious threat to global security & world order as they seriously challenge the ability of states to counter them in a cost-effective manner.
3. Global Economy Heading towards Slowdown
The Global Economy, however, is projected to be heading towards a slowdown in 2024 following continued monetary policy tightening posture by central banks globally over the recent years to check high inflation. The situation has been further compounded by the sustained geopolitical instability led by the ongoing Russia-Ukraine war and the Israeli military operations in Gaza which collectively threaten to cause supply shocks & raise prices of food owing to scarcity, thereby, becoming a double whammy for the global economic growth which has already regressed to its range-bound, typical, average movement of under 3% annually. However, any further, major potential shock at this time could send the global economy spiraling down into a recessionary cycle without having a major impact on global defense spending, as was demonstrated effectively during the COVID-19 pandemic.
The report analyzes & provides:
Against this backdrop, the report provides comprehensive insights & strategic analysis into the overarching Strategy Focus as well as Key Strategies & Plans for the Top 7 Global Aerospace & Defense Companies. The report provides a detailed analysis on key industry OEMs, including, business portfolios & overarching focus across key market segments, financial analysis & SWOT framework analysis. The report also provides the likely market scenario for defense spending in globally over near to medium term with focus on key existing & upcoming defense programs, analysis of key market & technological trends, issues & challenges, market developments & potential growth opportunities which could be leveraged by the industry value chain. The report concludes by analyzing market evolution and projecting demand outlook for the Global Aerospace & Defense Market for the near to medium term horizon.
For Whom: Key Decision-Makers across Industry Value Chain
The report will be essential & a key resource for those associated with and having strategic interest in the Global Aerospace & Defense Industry. The report will be especially useful for:-
The Global Aerospace & Defense Market is in a major upswing phase owing to the whittling down of traditional, rule-based world order; led by China’s geopolitical revisionism, backed by military ascension amid territorial disputes as well as issues with neighbors & military adventurism in Asia; and Russia’s military resurgence with a renewed threat to Europe as the geopolitical dynamic clearly shifts towards multi-polarity. The same has led to a virtual defense renaissance globally and has created a surge in demand for procurement of new defense equipment, replacement of legacy systems, increased spending outlay towards R&D on next generation technologies and an accelerated production ramp-up of ammunition being undertaken across most key markets globally.
Global defense spending, clearly, is on an upward growth trajectory having reached the record level of $2.4 trillion for 2023, driven by geopolitical shifts, and is projected to reach $2.5 trillion in 2024, thereby, providing the defense industrial bases across most key markets significant growth opportunities for the medium term horizon as it is desperately trying to ramp-up production rates over near term, amid supply chain constraints, to backfill depleting U.S. & NATO allies’ stockpiles of munitions, missiles & weapon systems besides fulfilling Ukraine’s critical requirements and to meet growing international demand in the era of great power competition. The U.S. Defense Budget, the largest in the world, continues to be in a marked growth phase and is pegged at $849.8 billion for FY2024, after registering a modest 2.3% YoY growth for 2023, as the focus remains on strategic rivalry with China and further capabilities development for sustained overmatch, supporting Ukraine, Israel, Taiwan & other global allies and technological advancement as the core pivot amid the near-term political uncertainty over the upcoming U.S. Presidential elections and the likely degree of subsequent U.S military support as well as posture towards the NATO Allies.
2. Doctrinal & Tactical Emphasis on a Mix of Conventional & Disruptive Capabilities
The ongoing Russia-Ukraine war, which has just entered its third year in 2024, has already led to a shortfall in the availability of ammunition and has led to a renaissance & revitalization of defense production capabilities as well as capacity globally. The war has brought back the doctrinal & tactical emphasis on and has highlighted the critical role of conventional artillery, armor, air defenses, missile systems in the overall force structure. Further, the improvised & innovative usage of UAS as well as loitering munitions has bolstered efforts globally towards bolstering & revitalization of capabilities across these growth-bound domains over near to medium term. Israel’s ongoing military operation against Hamas in Gaza has further exacerbated geopolitical tensions, created unrest and has disrupted the existing dynamics and equations as the entire Middle East region sits on the edge of the precipice over the Palestine issue. Further, the rapidly rising profile as well as sophisticated capabilities of non-state actors poses a serious threat to global security & world order as they seriously challenge the ability of states to counter them in a cost-effective manner.
3. Global Economy Heading towards Slowdown
The Global Economy, however, is projected to be heading towards a slowdown in 2024 following continued monetary policy tightening posture by central banks globally over the recent years to check high inflation. The situation has been further compounded by the sustained geopolitical instability led by the ongoing Russia-Ukraine war and the Israeli military operations in Gaza which collectively threaten to cause supply shocks & raise prices of food owing to scarcity, thereby, becoming a double whammy for the global economic growth which has already regressed to its range-bound, typical, average movement of under 3% annually. However, any further, major potential shock at this time could send the global economy spiraling down into a recessionary cycle without having a major impact on global defense spending, as was demonstrated effectively during the COVID-19 pandemic.
The report analyzes & provides:
Against this backdrop, the report provides comprehensive insights & strategic analysis into the overarching Strategy Focus as well as Key Strategies & Plans for the Top 7 Global Aerospace & Defense Companies. The report provides a detailed analysis on key industry OEMs, including, business portfolios & overarching focus across key market segments, financial analysis & SWOT framework analysis. The report also provides the likely market scenario for defense spending in globally over near to medium term with focus on key existing & upcoming defense programs, analysis of key market & technological trends, issues & challenges, market developments & potential growth opportunities which could be leveraged by the industry value chain. The report concludes by analyzing market evolution and projecting demand outlook for the Global Aerospace & Defense Market for the near to medium term horizon.
For Whom: Key Decision-Makers across Industry Value Chain
The report will be essential & a key resource for those associated with and having strategic interest in the Global Aerospace & Defense Industry. The report will be especially useful for:-
- Key Decision-Makers across the Global Aerospace & Defense Industry
- Defense Procurement Executives & Defense Departments
- Program Offices & Managers
- Top Management of Industry OEMs, Players across Industry Value Chain & Other Companies
- Suppliers, Vendors, Technology & Services Providers and other Key Players in the Industry Value Chain
- Existing & Potential Investors
- Industry & Company Analysts
- M&A Advisory Firms
- Strategy & Management Consulting Firms
- PE Firms, Venture Capitalists and Financing & Leasing Companies
- Researchers and all those associated with the industry in general
SECTION 1
Business Structure & Snapshot – For each of the World's Top 7 Aerospace & Defense Companies
a) Founded
b) Headquartered
c) Business Segments
d) Employees
e) Revenues
f) Market Capitalization
g) Key Executives
h) Shareholding/Ownership Pattern & Structure
SECTION – 2
Financial Performance Snapshot For each Industry OEM
1. Revenue Base & Growth Trend
2. Revenues Split by Key Segments
3. Revenues Split by Key Geographic Markets & Regions
4. Gross Earnings & Margin Trend
5. Operating Earnings & Operating Margin Trend
6. Return on Sales Trend
7. Profitability Growth Trend
8. Cash Flow from Operations
9. R&D Expenditure Trend
10. CAPEX Trend
11. Order Intake Trend
12. Order Backlog Position & Growth Trend
SECTION – 3
SWOT Analysis – For each of the Top 7 Industry Players
Strengths to be Leveraged
Weaknesses to be worked on
Opportunities to be capitalized upon
Threats to be negated & mitigated
SECTION – 4
Comparative Analysis of Strengths
Lockheed Martin Corporation
Northrop Grumman Corporation
The Boeing Company
General Dynamics Corporation
RTX
Airbus SE
BAE Systems plc
SECTION – 5
Comparative Analysis of Weaknesses
Lockheed Martin Corporation
Northrop Grumman Corporation
The Boeing Company
General Dynamics Corporation
RTX
Airbus SE
BAE Systems plc
SECTION – 6
Strategy Focus across OEMs – Near to Medium Term – For the Top 7 Global A&D Companies
Lockheed Martin Corporation
Northrop Grumman Corporation
The Boeing Company
General Dynamics Corporation
RTX
Airbus SE
BAE Systems plc
SECTION – 7
Analysis of Key Strategies & Plans for the A&D OEMs For the Top 7 Global A&D Companies
Analysis Coverage:
Business and Product Portfolio Strategies & Plans
Market, Segment, Domain & Program Specific Strategies & Plans
R&D Strategies & Plans
Growth Strategies & Plans
Business and Corporate Strategies & Plans
Sales & Marketing Strategies & Plans
Production/Manufacturing Strategies & Plans
Financial Strategies & Plans
Portfolio Adjustment & Realignment based on Acquisitions, Strategic Alliances & JVs
Other Strategies & Strategic Initiatives
SECTION – 8
Global Aerospace & Defense Industry Force Field Analysis Analysis of Driving & Restraining Forces and their Overall Dynamics
Driving Forces
Restraining Forces
SECTION – 9
Key Trends
Industry Trends
Market Trends
Technology Trends
SECTION – 10
Key Issues, Challenges & Risk Factors
SECTION – 11
Key Existing & Upcoming U.S. Defense Programs – Program Factsheets & Analysis
SECTION – 12
Key Emerging & Game Changer Technologies
SECTION 13
Strategic Market Outlook – Global Aerospace & Defense Market 20242027
13.1 Analysis of Emerging Market Scenario for Aerospace & Defense
13.2 U.S. & Global Defense Spending Trends
13.3 Global Top 5 & Top 10 Defense Spending Nations
13.4 Global Defense Spending Market Outlook & Growth Projections 20242027
13.5 Global Defense Spending Trends & Spending Projections 20242027
13.6 Global Defense Spending & Growth Rates for Key Regions
U.S.
Europe
AsiaPacific
Middle East
