CHICAGO, July 4, 2023 /PRNewswire/ — The global market for world defense budget analysis is estimated to be USD 2,004.7 billion in 2023 and expected to reach USD 2,546.9 billion by 2028 at a CAGR of 4.9% from 2023 to 2028 according to a new report by MarketsandMarkets™. Various regions across the globe face unique security challenges, such as territorial disputes, regional rivalries, and cross-border conflicts. Countries allocate substantial defense budgets to address these concerns and ensure regional stability.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31573133

Browse in-depth TOC on “World Defense Budget Analysis Market” 

188 – Tables

40 – Figures

340 – Pages

World Defense Budget Analysis Market Report Scope:

For instance, in the Asia-Pacific region, the rise of China’s military capabilities has prompted neighboring countries to bolster their defenses. Similarly, the Middle East faces security threats from terrorism, internal conflicts, and external aggression, leading nations to allocate significant resources to protect their interests. Regional defense cooperation and alliances also influence defense budget allocation as countries seek to enhance collective security and deter potential aggressors. These factors are driving the world defense budget in the forecast period.

The advanced technology subsegment is expected to be at the highest CAGR during the forecast period.

The advanced subsegment is expected to dominate the defense budget analysis in the technology allocation segment of the defense budget. Advanced technology plays a critical role in modern defense strategies as the world becomes increasingly interconnected. This subsegment includes investments in cybersecurity, information technology infrastructure, data analytics, and advanced communication systems.

With the rise of cyber threats and the growing importance of securing critical infrastructure and sensitive information, governments prioritize investments in digital capabilities. This includes developing robust cybersecurity measures to protect against cyber-attacks, enhancing intelligence gathering through advanced data analytics, and improving communication systems for seamless coordination among military forces.

The army domain is expected to dominate the budget analysis till 2028.

In the domain allocation segment of the defense budget, the army subsegment is expected to dominate the defense budget analysis. This is due to the primary focus on maintaining a capable and well-equipped military force to ensure national security and defense preparedness. The army segment includes personnel, training, operations, equipment procurement, research and development, and maintenance expenditures. The increasing global security threats, geopolitical tensions, and the need to adapt to evolving defense landscapes further drive allocating a significant portion of the defense budget toward military forces. As a result, the army domain is anticipated to hold a significant market share in the defense budget allocation, reflecting the importance of maintaining a robust and modern military capability.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=31573133

North America is expected to account for the largest share in 2023.

The world defense budget analysis has been studied in North America, Europe, Asia Pacific, and the Rest of the World. North America is projected to have the largest share in the world defense budget allocation market. This dominance is driven by the substantial defense budget of the United States, the presence of advanced defense industries, and the region’s active military engagement and global security responsibilities. Additionally, North America’s emphasis on technological advancements and its unique security challenges contribute to its significant market share in defense budget allocation.

Major countries operating in the world defense budget analysis companies are the US, France, Russia, India, China, the UK, Canada, and Saudi Arabia are some of the critical countries.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=31573133

Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports:

Turret System Market by Platform (Land, Airborne, Naval), Type (Manned, Unmanned), Component (Turret Drive, Turret Control System, Stabilization Unit), and Region (North America, Europe, Asia Pacific, Rest of the World) – Global Forecast to 2027

Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Type (Electric, Conventional), Mobility (Wheeled, Tracked), Systems, Mode of Operation, Point of sale, Region – Forecast to 2027

Unmanned Ground Vehicles Market by Mobility, Application (Military, Commercial, Law Enforcement, Federal Law Enforcement), Mode of Operation, Size, System, and Region (North America, Europe, APAC, Middle East and Rest of the World) – Forecast to 2027

Military Vehicle Electrification Market Size, Share & Industry Growth Analysis Report by Technology, System (Power Generation, Cooling Systems, Energy Storage, Traction Drive Systems, Power Conversion, Transmission System), Platform, Mode of Operation and Region – Global Forecast to 2027

Artillery Systems Market by Type (Howitzers, Rocket Launchers, Mortars, Anti-air weapons, Artillery), Range (Short-range, Medium-range, Long-range), Subsystem and Region (North America, Europe, Asia Pacific, ROW) – Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]

Visit Our Web Site: https://www.marketsandmarkets.com/

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/world-defense-budget-analysis.asp

Content Source: https://www.marketsandmarkets.com/PressReleases/world-defense-budget-analysis.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg  

View original content:https://www.prnewswire.com/news-releases/world-defense-budget-analysis-market-worth-2-546-9-billion-by-2028—exclusive-report-by-marketsandmarkets-301869435.html

SOURCE MarketsandMarkets

Source link

Private Internet Access gives you unparalleled access to thousands of next-gen servers in over 83 countries and each US state. Your VPN experience will always be fast, smooth, and reliable.