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Author: Eric Higham
Publication Date: Sep 13 2022
Pages: 48
Report Type: Data Table, Excel

Global Defense Expenditure Forecast: 2021-2031 (Data Tables)

Report Summary:

Amid heightened geopolitical uncertainty emanating from Russia’s invasion of Ukraine, coupled with evolving geopolitical polarizations fueled by the Great Power Competition, global inflation and rampant supply chain issues, we are forecasting an increased growth rate for global defense spending through 2031. Territorial disputes, indigenizing defense capabilities and force modernization will be the driving forces behind increased spending in most countries. The defense industry seems to have shaken off COVID-induced setbacks and we saw a renewed appetite to acquire new capabilities and upgrade legacy systems and in 2021. We forecast global defense spending will grow to reach an estimated $3.1 trillion in 2031. 

Table of Contents

1. Title
2. Contents
3. Analysis
4. Global Defense Exp
5. Global Defense ExpTrends
6. Procurement & Support Exp
7. Forecast Comparison
8. Definitions
9. Methodology
10. How Can We Help You
11. Contacts

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