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The global defense spending market is expected to generate total budget allocation of $1,610.7bn in 2017, representing a compound annual growth rate (CAGR) of 2.6% between 2013 and 2017. Market volume is forecast to decline with a CARC of -0.2% between 2013 and 2017, to reach a total of 18.7 million armed forces personnel in 2017.Report Source: https://www.themarketreports.com/report/defense-spending-global-industry-almanac-2018
Reasons To Buy
• What was the size of the global defense spending market by value in 2017?
• What will be the size of the global defense spending market in 2022?
• What factors are affecting the strength of competition in the global defense spending market?
• How has the market performed over the last five years?
• What are the main segments that make up the global defense spending market?
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Key Highlights
Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces (including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces), defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans' benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
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Release ID: 314161
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