Top 10 Defense Spending Analysis Market Worth $1,748.46 Billion by 2020
DALLAS, October 7, 2014 /PRNewswire/ --
The report "Top 10 Defense Spending Analysis Market by Expenditure (Capital, Operational), by Platform (Land, Airborne, Naval), & by Capital Expenditure (Procurement, R & D, Others) - Global Forecasts and analysis to 2014 - 2020", published by MarketsandMarkets, the defense spending by the top 10 countries is estimated to be $ 1,160.58 Billion in 2014, and is expected to grow at a CAGR of 7.07%, for the next five years.
Browse 88 market tables and 91 figures spread through 225 pages on "Top 10 Defense Spending Analysis Market".
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The top ten defense spending is estimated to be $ 1,160.58 billion in 2014, and is expected to register a CAGR of 7.07%, to reach $1,748.46 billion in 2020.
The defense spend by a country mostly varies owing to the economic state of that country. A chief example of this would be the western countries such as U.K, which have experienced extensive severity measures being implemented because of budget deficit reduction. The priority has been given to achieving the economic goals, while the defense military expenditure has been largely reduced to accomplish this However; Asian defense spending in the recent years has continuously increased at a high rate. The major stakeholders being China, which has drastically increased its defense budget to meet its goal of becoming a superpower, by 2025.
This report provides a market analysis of the top ten defense spenders over the next five years. It provides an in-depth analysis of drivers, challenges, and restraints impacting the defense market. The report tracks, analyzes, and lays out the market size of the major spenders in the world, and provides the defense budget market share on the basis of expenditure such as capital, and operational. It further analyzes the market-share by capital expenditure across the three platforms Land, Airborne, and Naval. It also analyses each platform by procurement, research and development, maintenance, and upgradation.
It provides information about the leading competitors in the global defense systems market, apart from a general overview of the companies; it also provides details on their financial positions, products, services, key developments, and their SWOT analysis. This Top 10 Defense Spending Analysis Market research report also segments the market on the basis of country, forecasting revenues, and market shares in each of the sub-sectors.
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The U.S. is expected to hold the highest market share across the three platforms and would grow at a CAGR of 2.08%, during the forecast period. The demand for directed energy weapons, unmanned vehicles, command and control (C2), and soldier modernization programs is projected to increase.
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