United States of America (USA) Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027

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Explore the following in-depth analysis and actionable insights in the The US Defense Market’ report:

  • The US defense budget: Detailed analysis of the US FY2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
  • Regulation: The procurement policy and process is explained. This is coupled with an analysis of the US’s military doctrine and strategy to provide a comprehensive overview of the country’s military regulation.
  • Security Environment: Political alliances and perceived security threats to the US are examined and they help to explain trends in spending and modernization.
  • Import and Export Dynamics: Analysis of prevalent trends in the country’s imports and exports over the last five years.
  • Competitive landscape and strategic insights: Analysis of the competitive landscape of the country’s defense industry.

How is ‘The US Defense Market’ report different from other reports in the market?

Making the right business decisions that are based on in-depth analysis and understanding of the market dynamics, to gain a competitive edge is key to every country’s defense department.  Below are the top benefits you will gain by purchasing this report:

  • Determine prospective investment areas based on a detailed trend analysis of the US defense market over the next five years.
  • Gain an in-depth understanding of the underlying factors driving demand for different defense and internal security segments in the US market and identify the opportunities offered.
  • Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others.
  • Identify the major threats that are driving the US defense market providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channel resources by focusing on the ongoing programs that are being undertaken by the US government.
  • Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country.

We recommend this valuable source of information to anyone involved in:

  • Defense Startups, Original Equipment Manufacturers (OEMs),
  • Defense Planners and Government Bodies
  • Business Development and Market Intelligence
  • Investment Analysts and Portfolio Managers
  • Professional Services – Investment Banks, PE/VC firms
  • M&A/Investment, Management Consultants, and Consulting Firms

To Get a Snapshot of the US Defense Market Report

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US Defense Market Report Overview

The United States of America (USA) defense budget was worth $740.4 billion in 2022 and is expected to achieve a CAGR of more than 3% from 2023 to 2027. The USA defense market research report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

USA Defense Market Outlook

USA Defense Market Outlook

To gain more information about the US defense market forecast, download a free report sample

USA Defense Market Drivers

The US, like many states, benefits economically from a well-funded defense industry. Tensions between the US and Russia had been growing since the invasion of Georgia in 2008. The invasion of Crimea in 2014 intensified this, but the invasion of Ukraine in 2022 has marked an unprecedented (in the post-Soviet era) decline in relations between Russia and the US. The US is providing numerous weapons and large volumes of military aid to Ukraine, which is requiring significant funding. The ongoing conflict and success of Ukrainian forces in using US weaponry to fight back against Russian advances means that the requirement for US aid is likely to continue. This, and the need to replenish stocks of weapons to send to Ukraine, will drive defense expenditure for the US.

Another major driver of US defense expenditure is China. The US is attempting to counter the significant soft power wielded by the state, address the threat of an invasion of Taiwan, and refocus itself to look eastwards to the Indo-Pacific region. Although Chinese defense spending is still much lower than that of the US, the country has nevertheless embarked upon a major defense modernization program.

USA Military Doctrines and Defense Strategies

The US is continually seeking to modernize its forces in line with emerging technologies and advancements in the capabilities of its adversaries. The DoD has the advantage of the largest defense budget in the world and has the funds to continually modernize and upgrade its fleet, and it also benefits from a diverse, skilled, and well-established defense industrial base. This aids modernization by creating a rich R&D environment capable of progressing horizon technologies, while having the funds necessary for these sorts of projects. Modernization projects range from the replacement of traditional platforms, such as fighter jets, to the development and integration of autonomous systems.

The US Armed Forces will employ and deploy military force in three instances- to provide assurance to allies and partners in the form of joint-military exercises, cooperation, and presence of US troops in unstable regions, to compel both state and non-state actors to comply with US actions, and to counter adversaries using military force.

USA Defense Market Segmentation by Sectors

The key sectors in the US defense market are military fixed-wing, military rotorcraft, body armor and personal protection, submarines, military land vehicles, underwater warfare systems, missiles and missile defense systems, EOIR systems, artillery, and naval vessels among others. For the period of 2022 to 2027, military fixed-wing is the largest sector, followed by submarines.

USA Defense Market Analysis by Sectors

USA Defense Market Analysis by SectorsFor more sector insights into the USA defense market, download a free report sample

USA Defense Market - Competitive Landscape

Some of the leading defense companies in the US defense market are General Electric Co., Lockheed Martin Corp, Raytheon Technologies Corp, Boeing Co, General Dynamics Corp, Northrop Grumman Corp, Honeywell International Inc, Lockheed Martin Aeronautics Co, and L3Harris Technologies Inc.

USA Defense Market Report Overview

Market Size (2022) $740.4 billion
CAGR (2023-2027) >3%
Key Sectors Military Fixed-Wing, Military Rotorcraft, Body Armor and Personal Protection, Submarines, Military Land Vehicles, Underwater Warfare Systems, Missiles and Missile Defense Systems, EOIR Systems, Artillery, and Naval Vessels
Leading Companies General Electric Co., Lockheed Martin Corp, Raytheon Technologies Corp, the Boeing Co, General Dynamics Corp, Northrop Grumman Corp, Honeywell International Inc, Lockheed Martin Aeronautics Co, and L3Harris Technologies Inc
General Dynamics
General Electric
Lockheed Martin
Northrop Grumman
The Boeing Co
Raytheon Technologies
Huntington Ingalls Industries
Oshkosh Defense
Textron Inc
General Atomics
Sikorsky
BAE Systems

Table of Contents

Table of Contents

Executive Summary

Defense Budget Assessment

Budgeting Process

Defense Market Size Historic And Forecast

Drivers Of Defense Expenditure

Analysis Of Defense Budget Allocation

Military Doctrine And Security Environment

Military Doctrine And Strategy

Political And Strategic Alliances

Market Entry Strategy And Regulations

Defense Procurement Bodies

Defense Procurement Bodies Organizational Chart

Trade Associations, Clusters, and Economic Development Corporations

Funding Opportunities

Types of Contracts and Opportunities

Types of Procurement Procedure

Procurement Policy and Market Regulations

Market Entry Routes

Key Challenges

Major Deals and M&A

Market Attractiveness And Emerging Opportunities

Market Attractiveness, 2022-27

Top Defense Segments By Value

Import And Export Market Dynamics

Import Market Dynamics

Export Market Dynamics

Defense Platform Acquisitions

Defense Platform Acquisitions By Value

Planned Programs

F-35 Lightning II

Virginia class

Columbia class

B-21 Raider

Arleigh Burke-class

CH-53K King Stallion

F-15EX

Joint Light Tactical Vehicles

Constellation class

Gerald R.Ford class

KC-46A

America class

Fleet Size

Competitive Landscape

Defense Companies Operating In the US

Main Defense Companies

Appendix

About This Report

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Frequently asked questions

United States of America (USA) Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027 thematic reports
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