Global Aerospace & Defense Market Outlook & Defense Budgetary Spending Report 2022: Spending Reached a Record High-Level of $2.1 Trillion in 2021 – Forecasts through 2027
DUBLIN, Jan. 5, 2023 /PRNewswire/ — The “Global Aerospace & Defense Market – 2022-2027 – Key Trends & Insights, Growth Opportunities & Domains, Game-Changer Technologies, Key Defense Programs, Market Outlook & Defense Budgetary Spending Forecast through 2027” report has been added to ResearchAndMarkets.com’s offering.
Global Defense Spending has been on a surge over the recent years amid strong tailwinds and favorable underlying forces led by tectonic shifts in traditional geopolitical dynamics & equations
Global Defense Spending has been on a surge over the recent years, reaching the record high level of $2.1 trillion for 2021 while registering a 7% year-on-year growth, amid strong tailwinds and favorable underlying forces led by tectonic shifts in traditional geopolitical dynamics & equations following China’s military ascendance and Russian regional resurgence marking the return of the great power competition in the 21st century.
The rise of China & its military bullying in the Asia Pacific region and the ongoing Russian invasion of Ukraine have collectively led to significant turbulence and a subsequent, massive surge in defense spending across APAC & Europe which is likely to be sustained at least through the end of current decade
The degree of impact of the Russia–Ukraine war and the subsequent monumental geopolitical shifts underway could easily be gauged by Germany’s recent, complete turnaround of its traditional defense posture with an upfront commitment of EUR 100+ billion towards defense and the rapid swerving of traditional neutrals of the North, Sweden & Finland, towards NATO.
The defense industrial base across Europe, too, is set for a renaissance at least for the medium term with increasing threat perception levels, rapid shift in defense posture & focus on preparedness with plans for replacement & modernization of ageing, cold-war era defense equipment and leapfrogging of technological capabilities marked by upgrade efforts for legacy platforms, like the British Challenger & French Leclerc MBTs, and the initiation of a number of new defense programs across the old continent led by the Franco-German FCAS & MGCS apart from the British-Italian-Swedish Tempest 6th generation fighter jet program amid increasing environmental uncertainty & volatility, political tensions & risks of escalations
The U.S. defense industrial base is preparing to switch to the afterburner mode amid increasing environmental uncertainty & volatility, political tensions & risks of escalations following the virtual evaporation of traditional, rule-based world order with:
1. Significant investments towards R&D on next-generation systems & technologies
2. Production ramp-up & increase in procurement rates over key programs transitioning towards full-rate production over near-term, like F-35 Lightning II JSF
3. The need to meet increasing international demand for traditional systems & capabilities, including, Fighter Jets, ATGMs, MANPADS, Missile Defense Systems and Armor & Artillery
4. Ongoing defense equipment assistance to Ukraine necessitating production rate ramp-ups & increases on key programs to backfill inventories across the U.S. & NATO allies
Further, the development of next generation defense systems and technologies continues unabated to match near-peer adversaries in terms of capabilities and to maintain traditional U.S. military overmatch over adversaries leading to continued funding for development of strategic programs & technologies, with the U.S. R&D outlay having grown by 24% between 2012 & 2021, and which is likely to be sustained over medium term with the U.S defense budget likely to be over $800 billion for FY2023
Against this backdrop, the report analyzes the Global Aerospace & Defense market with focus on:-
1. Key Industry, Market & Technology trends likely to shape the industry’s evolution over medium term – Analysis & Impact
2. Key Growth Domains which are likely to spearhead top line growth over medium term – Potential Scale & Scope of the Opportunities
3. Defense Spending Trends, Analysis & the Road Ahead – Growth Areas, Key Markets & Emerging Opportunities
4. Key Upcoming, Strategic Defense Programs over medium term – Detailed Program Factsheets & Opportunities
5. Emerging & Game Changer Technologies – Focus Areas, Key OEMs, Contract Awards, Initiatives & Latest Developments
For Whom:
The report would be critical & essential for A&D professionals with its niche content. It will be a key and vital information resource on the Global Aerospace & Defense market with its unique disposition & focus. The report would be a must have for those belonging to the industry & having strategic interests as well as stakes in the Global Aerospace & Defense Market & its evolution going forward.
The report will be extremely useful for Leaders & Key Decision-Makers, Top Management of Industry Players & Companies, Program Managers, Global Procurement Managers, Defense Contracting Executives & Departments, Industry OEMs, Suppliers, Vendors, Associated Equipment Manufacturers and other Key Players in the Industry Value Chain.
The report will also be useful for existing & potential Investors, Industry & Company Analysts, M&A Advisory Firms, Strategy & Management Consulting Firms, PE Firms, Venture Capitalists, Financing & Leasing Companies, Researchers and all those associated with the Global Aerospace & Defense industry
Key Topics Covered:
Section 1: Global Aerospace & Defense Market – Introduction & Overview
Section 2: Global Aerospace & Defense Industry
- Annual Revenues & Growth Trend
- Revenues Split by Aerospace & Defense Segment
- Defense Revenues Split by Regions
Section 3: Key Trends
- Industry Trends
- Market Trends
- Technology Trends
Section 4: Key Growth Domains – Overview, Size & Scope, Growth Outlook
- Fighter Jets
- Military Rotorcrafts
- Armored Vehicles
- Military Aviation Turbofan Engines
- Military UAS/UCAVs
- Missiles & Missile Defense
Section 5: Key Upcoming Defense Programs – Detailed Program Factsheets, including:
1. Program Size
2. Scale & Scope
3. Status
4. Key Contract Awards
5. Latest Developments
Section 6: Key Issues, Challenges & Risk Factors
Section 7: Global Aerospace & Defense Market – Force Field Analysis – Analysis of Driving & Restraining Forces and their Overall Dynamics
- Driving Forces
- Restraining Forces
Section 8: Defense Spending Trends
8.1 Global Defense Budgetary Expenditure – Analysis
8.2 Defense Expenditure Split by Regions & Nations
8.3 Global Defense Budgetary Expenditure – Growth Trend
8.4 Global Defense Budgetary Expenditure as Share of World GDP
8.5 Defense Spending Levels across Key Geographic Regions
8.6 Defense Spending Levels across Key Markets – Top 5 & Top 10 Nations
Section 9 – Emerging & Game Changer Technologies:
- Outline of R&D Efforts, Contract Awards, Key Industry OEMs, Strategic Priorities & Initiatives and Latest Developments
- Hypersonics
- Directed Energy Systems
- Drone Swarms
- Sixth Generation Fighter Jets
- Next Generation Rotorcrafts
Section – 10: Market Outlook – Global Aerospace & Defense
10.1 Market Outlook & Growth Projections
10.2 Global Defense Spending Level – 2022-2027 – Projections
10.3 Global Defense Spending & Defense Spending Levels across Key Regions – 2022-2027
For more information about this report visit https://www.researchandmarkets.com/r/ezv1zl
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