Market Research Report
United States - Defense Budget Analysis, Competitive Landscape and Forecasts to 2024
|Published by||GlobalData||Product code||918444|
|Published||Content info||72 Pages
Delivery time: 1-2 business days
|United States - Defense Budget Analysis, Competitive Landscape and Forecasts to 2024|
|Published: November 4, 2019||Content info: 72 Pages||
Shifting from Post-9/11 asymmetric warfare to complete readiness for potential conflicts with peer- or near peer-competitors is a Copernican revolution for The Pentagon at every level: diplomatic, military, and doctrinal, and also in terms of procurement and training. Russia and China are normally identified as the top challengers of American hegemony around the world, notably from a military perspective. Preserving the status quo necessitates more expenditure in existing platform upgrades and new technology integration, evidenced by the current trend of budget allocation.
This year's DoD budget will increase by 3% from FY 2018, which was already one of the highest recorded in history (although smaller than FY 2017). However, expenditures on actual acquisitions is in contrast to this trend. The procurement budget will hit $143 billion for FY 2020, after two consecutive years of $150 billion. More money is actually going into personnel, infrastructure, and O&M expenditure.
The report "United States - Defense Budget Analysis, Competitive Landscape and Forecasts to 2024" provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand and an analysis of industry leading companies. It offers detailed analysis of the US defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
In particular, the report "United States - Defense Budget Analysis, Competitive Landscape and Forecasts to 2024" provides an in-depth analysis of the following -