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Sector Analysis
United Kingdom (UK) Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
UK Defense Market Report Overview The United Kingdom (UK) defense budget is worth $62.8 billion in 2023. The country’s defense budget is anticipated to rise in steady and gradual annual increments, registering a CAGR of more than 4% during 2024-2028. Despite the challenges of COVID recovery, energy insecurity, and sustained inflation, British foreign policy retains ambitions and international commitments that make this sustained increase a likelihood as the British military redoubles deployments in Europe and elsewhere. Despite Brexit, the UK...