Published on : Nov 12, 2018
Albany, New York, November 12, 2018: The defense spending market recorded a moderate CAGR during 2013 to 2017, to reach a valuation of over US$ 1,600 Bn. United States continues to lead the world in terms of defense spending, and held nearly 40% share of the global defense spending in 2017. These forecast values are according to the report titled “Defense Spending Global Industry Guide 2013-2022,” included recently in the Market Research Hub’s (MRH) repository.
President Trump’s actions on berating NATO allies of Americas for spending less on defense has further underpinned the US’s lead in the defense spending industry. While Europe and Americas are focusing on robust investments, larger trend points at record level rise of global defense spending. The Stockholm International Peace Research Institute (SIPRI) estimated total defense expenditure worldwide at over US$ 1.7 trillion in 2017.
Defense Spending – Report Contents
In-depth qualitative & quantitative summary of the defense spending worldwide has been offered in the initial section of the report. Size of the defense spending market has been offered in terms of value (US$ Bn). The report offers accurate forecast on the defense spending market for the period between 2018 and 2022. The report also sheds light on key players operating in the defense spending market across the globe, providing information on their key financial metrics and competitive pressures on these players.
Key questions answered in the report
- What will be the market size of the defense spending in 2022?
- What are imperative dynamics impacting growth of the defense spending industry worldwide?
- How has the performance of the defense spending market been in last five years?
- What are key segments of the defense spending market?
Scope of the report is to offer data and study on the defense spending market, which includes data on segmental analysis, textual analysis, and graphical analysis on the growth trends and prominent companies operating in the defense spending market. The value of the market has been offers by taking into consideration both capital and current expenditure on armed forces, which include funding contributions to the peacekeeping forces, such as defense ministries and several other government agencies who are engaged in the defense projects.
Defense Spending – Research Methodology
Insights offered in this report on the defense spending market are based on a robust research approach which involves comprehensive secondary and primary researchers. Intelligence obtained from the secondary research are thoroughly validated with the help of insights obtained through the primary interviews. The data collected also goes through an expert panel validation, so as to ensure the report readers with authentic information on the defense spending market.
The report is acclaimed to make readers understand overall defense spending market, and offers at-a-glance overview of projects in the defense spending market. The report further aids readers in analyzing prominent players that are currently partaking in the defense spending market along with key developments made by these players in the recent past.
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