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Defense

Global Defense Expenditure Outlook: 2019 - 2029




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Report Summary:

Defense spending is set to grow from $1.91 trillion in 2019 to $2.44 trillion in 2029. COVID-19 appears to be disrupting supply chains and we believe this will create a slight dip in spending in 2020. Rising geopolitical tensions, force modernization and emerging battle philosophies will all drive future growth.
Table of Contents

Contents
Executive Summary 4
Defense Spending Forecast 5
Global Spending Forecast Comparison 6
Regional Spending Forecasts 7
Regional Market Share of Defense Spending 8
The Broader View of Regional Spending 10
Country-Level Analysis 12
North America 13
Asia-Pacific 16
Europe 18
Middle East and Africa 20
Central and Latin America 22
Procurement Spending Outlook 23
Global Procurement Spending Forecast 23
A Deeper Dive into US Procurement Spending 25
Conclusions 28
Coverage 29
Get help from Strategy Analytics 31

Exhibits
Exhibit 1 Global Defense Spending Outlook 2019-2029 5
Exhibit 2 Global Defense Spending Outlook Comparison 7
Exhibit 3 Regional Defense Spending Outlook 2019-2029 8
Exhibit 4 Regional Shifts in Defense Spending: 2019-2029 9
Exhibit 5 Regional Spending Actuals and Forecast 11
Exhibit 6 North American Defense Spending Outlook 13
Exhibit 7 Defense Spending Forecast for Largest Countries 15
Exhibit 8 Asia Pacific Defense Spending Outlook 17
Exhibit 9 Europe Defense Spending Outlook 19
Exhibit 10 Middle East & Africa Defense Spending Outlook 20
Exhibit 11 Central & Latin America Defense Spending Outlook 22
Exhibit 12 Procurement and Support Spending Forecast 24
Exhibit 13 Procurement Forecast for Largest Countries 24


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