Latest News- Defense Market in US: Manual defense equipment is expected to lead the Type segment during 2024-2028

The Defense Market in US is being driven by Increase in demand for unmanned aerial vehicles in US

The Defense Market in US is expected to grow at a CAGR of 4.91% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 169.43 billion. The US defense market is propelled by technological innovation, fueled by government investment and industry collaboration. Aerospace businesses in the US are spearheading the development of fuel-efficient, low-emission aircraft designs, prioritizing aerodynamic enhancement and enhanced performance. Advanced sensor systems, autonomous technologies, and innovative solutions like additive manufacturing and energy-efficient propulsion systems are revolutionizing defense platforms, increasing efficiency and addressing evolving customer requirements and defense challenges. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Manual defense equipment
  • Autonomous defense equipment
• Platform
  • Airborne
  • Land
  • Naval
• End-user
  • Military
  • Government agencies
  • Defense contractors
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in demand for unmanned aerial vehicles in US
• Rise in investment for robust cybersecurity infrastructure in US defense sector
• Growing investments in defense modernization in US

However, the market also witnesses some limitations, which are as follows:

• Shortage of skilled labor in defense industry in US
• Budget constraints in US defense sector
• Stringent regulatory standards in defense industry in US

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Market Scope in Defense Market in US Research Report

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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 a significant segment of the global Capital Goods Market, specifically the Aerospace and Defense sector. This market includes manufacturers and providers of aerial platforms for commercial and general aviation, defense platforms for naval, land, and air applications, arms and ammunition, defense electronics, logistics equipment, and space technology. Technavio calculates the market size by aggregating revenues from industries such as aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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