Market Research Report
Defense Spending Global Industry Almanac 2015-2024
|Published by||MarketLine||Product code||965739|
|Published||Content info||606 Pages
Delivery time: 1-2 business days
|Defense Spending Global Industry Almanac 2015-2024|
|Published: October 6, 2020||Content info: 606 Pages||
Global Defense Spending industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces, including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces, defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans' benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
Values are segmented by the proportion of the market attributable to the army, navy and air force, with any other expenditures contained under "other".
The volume of the market measures the number of 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 2019 annual average exchange rates.
The global defense spending market had a total budget allocation of $1,778,048.8m in 2019, representing a compound annual growth rate (CAGR) of 4.1% between 2015 and 2019.
Market volumes declined with a compound annual rate of change (CARC) of -1.9% between 2015 and 2019, to reach a total of 13.80 million active serving personnel in 2019.
The US is by far the largest market globally, accounting for 41.2% of its total value in 2019.