Defense Market in US 2024-2028

The defense market in us is forecasted to grow by USD 169.43 bn during 2023-2028, accelerating at a CAGR of 4.91% during the forecast period. The report on the defense market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for unmanned aerial vehicles in us, rise in investment for robust cybersecurity infrastructure in us defense sector, and growing investments in defense modernization in us.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.47%
CAGR	4.91%
Incremental Value	$169.43bn

Technavio's defense market in us is segmented as below:

By Type

Manual defense equipment
Autonomous defense equipment

By Platform

Airborne
Land
Naval

By End-user

Military
Government agencies
Defense contractors

By Geographical Landscape

North America

This study identifies the increase in technological innovation in defense industry as one of the prime reasons driving the defense market in us growth during the next few years. Also, research and development efforts to develop hypersonic missiles and vehicles for strategic and tactical purposes and rising adoption of manned-unmanned teaming and ai-driven pilot systems in us defense will lead to sizable demand in the market.

The report on the defense market in us covers the following areas:

Defense market in us sizing
Defense market in us forecast
Defense market in us industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading defense market in us vendors that include Airbus SE, BAE Systems Plc, Elbit Systems Ltd., General Dynamics Corp., General Electric Co., General Motors Co., Honeywell International Inc., Huntington Ingalls Industries Inc., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Neo Tech Inc., Northrop Grumman Corp., Oshkosh Corp., Polaris Inc., QinetiQ Ltd., Revision Military, RTX Corp., Safeguard, Smith and Wesson Brands Inc., Textron Inc., Thales Group, and The Boeing Co. Also, the defense market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77702

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Defense market in US 2018 - 2022
4.2 Type Segment Analysis 2018 - 2022
4.3 Platform Segment Analysis 2018 - 2022
4.4 End-user Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments
6.2 Comparison by Type
6.3 Manual defense equipment - Market size and forecast 2023-2028
6.4 Autonomous defense equipment - Market size and forecast 2023-2028
6.5 Market opportunity by Type

7 Market Segmentation by Platform

7.1 Market segments
7.2 Comparison by Platform
7.3 Airborne - Market size and forecast 2023-2028
7.4 Land - Market size and forecast 2023-2028
7.5 Naval - Market size and forecast 2023-2028
7.6 Market opportunity by Platform

8 Market Segmentation by End-user

8.1 Market segments
8.2 Comparison by End-user
8.3 Military - Market size and forecast 2023-2028
8.4 Government agencies - Market size and forecast 2023-2028
8.5 Defense contractors - Market size and forecast 2023-2028
8.6 Market opportunity by End-user

9 Customer Landscape

9.1 Customer landscape overview

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Airbus SE
12.4 BAE Systems Plc
12.5 Elbit Systems Ltd.
12.6 General Dynamics Corp.
12.7 General Electric Co.
12.8 General Motors Co.
12.9 Honeywell International Inc.
12.10 L3Harris Technologies Inc.
12.11 Lockheed Martin Corp.
12.12 Northrop Grumman Corp.
12.13 Oshkosh Corp.
12.14 Polaris Inc.
12.15 RTX Corp.
12.16 Textron Inc.
12.17 The Boeing Co

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations