Market Research Report
Defense Spending Global Industry Guide 2017
|Published by||MarketLine||Product code||251355|
|Published||Content info||297 Pages
Global Defense Spending industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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.
Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The defense market is segmented to include expenditure on the army, navy, air force, and others. Volume is measured as the 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 2015 annual average exchange rates.
The global defense spending market is expected to generate total budget allocation of $1,614.5bn in 2016, representing a compound annual growth rate (CAGR) of 2% between 2012 and 2016.
Market consumption volume is forecast to decline with a CARC of -0.1% between 2012-2016, to reach a total of 18,845.1 thousand personnel in 2016.
The performance of the market is forecast to accelerate, with an anticipated CAGR of 4.4% for the five-year period 2016 - 2021, which is expected to drive the market to a value of $2,002.5bn by the end of 2021.