Defense Market in US to grow by USD 169.43 billion between 2024-2028
According to a research report “ Defense Market in US” by Type (Manual defense equipment, Autonomous defense equipment) Platform (Airborne, Land, Naval) End-user (Military, Government agencies, Defense contractors) Geography (North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 169.43 billion at a CAGR of 4.91% during the forecast period. The defense market in the United States is experiencing significant growth, driven by the increasing demand for unmanned aerial vehicles (UAVs), or drones. Factors such as escalating military expenditures and the requirement for advanced surveillance solutions are fueling this demand. The heightened security environment in the US, including threats from terrorism and insurgency, has led to increased government investment in UAVs. Moreover, advancements in autonomy, artificial intelligence, and sensor technologies are enabling the development of self-sufficient UAVs for various applications, including ISR operations..
Browse market data tables, figures, and in-depth TOC on “Defense Market in US” by Type (Manual defense equipment, Autonomous defense equipment) Platform (Airborne, Land, Naval) End-user (Military, Government agencies, Defense contractors) Geography (North America) Global Forecast to 2028.
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By Type, the Manual defense equipment segment is projected to dominate the market size in 2024.
In the US defense market, airborne platforms are essential business assets, contributing significantly to airspace security and strategic superiority. These assets, including combat aircraft, UAVs, helicopters, and AEW & C aircraft, provide vital capabilities for reconnaissance, surveillance, intelligence gathering, and precision strikes. Given the US military's reliance on airpower for global presence and expeditionary operations, investments in advanced airborne platforms are crucial for maintaining dominance and safeguarding national interests.
By Platform, Airborne segment is expected to hold the largest market size for the year 2024.
In the US defense market, manual defense equipment plays a pivotal role in military operations. This category of military hardware encompasses weapons, protective gear, and support tools that are manually operated by personnel. Key applications include small arms and infantry weapons, such as rifles, handguns, machine guns, grenades, and rocket launchers, which are essential for engaging enemy targets, providing suppressive fire, and defending ground positions. The effectiveness, safety, and success of military operations hinge on the availability and functionality of this critical equipment.
North America is forecasted to hold the largest market size by region in 2024.
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The Defense Market in US t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The defense market in the US is a significant and dynamic sector, encompassing various components such as Aircraft Carriers, Battle Force Ships, Military Helicopters, Fighter Aircrafts, and Auxiliary equipment. These assets provide Defense support and are essential for maintaining military readiness and ensuring national security. Overhaul services are crucial for the upkeep and modernization of this equipment, with Sonars and Radar playing vital roles in detection and surveillance. The defense industry is influenced by various macroeconomic indicators, including supply and demand, market intelligence platforms, and defense budgets. Advanced aircraft, changing regulations, and emerging threats continue to shape the industry's landscape. FDI investors are increasingly interested in the sector due to its potential for growth and innovation. The President's budget request and budget authority are critical factors in military expenditure, with the defense budget reflecting the government's commitment to maintaining a strong military presence. The recent establishment of the Space Force and focus on Space capabilities further underscores the importance of this sector. Overall, the defense market in the US remains a key area of investment and innovation, driven by the need to address emerging threats and ensure national security.
Market Research Overview
The Defense Market in the US is experiencing significant upgradations driven by technology advancements and military modernization. Artificial intelligence is playing a pivotal role in the development of unmanned combat vehicles, autonomous fighter jets, and military drones. The defense market size encompasses various sectors including light weapons, tanks, missiles, armored vehicles, nuclear submarines, and submarines, among others. Key macroeconomic indicators such as low-interest rates and defense budgets are fueling the demand for defense equipment. Major competitors in the market include major defense contractors, FDI investors, and emerging players. Drivers and restraints include contemporary strategic imperatives, changing regulations, and evolving security threats such as terrorist attacks and operational bases. The defense industry comprises various segments including sea-based defense, air-based defense, and defense support services. Overhaul services, sonars, radar, and support and auxiliary equipment are essential components of defense communications and intelligence capabilities. The market intelligence platform provides insights into supply-demand gaps, market shares, revenues, and major competitors. The US military expenditures on defense include the air force, army, and navy, with a focus on strategic resources and counterterrorism efforts. The President's budget request and budget authority play a crucial role in military expenditure. The Space Force and advanced aircraft are critical components of the US defense capabilities, with a focus on seamless connectivity, intelligence sharing, and deployable networking.
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