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Author: Eric Higham
Publication Date: Nov 08 2021
Pages: 40
Report Type: Forecast and Outlook
Defense

Global Defense Expenditures Forecast and Analysis: 2020-2030




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Report Summary:

Global defense expenditures closed 2020 at nearly $2 trillion and we expect these expenditures to exceed $2.8 trillion by 2030. The United States continues to have
the largest defense budget, but China will have closed the gap by 2030. A new US
administration, the Great Power Competition, US-China trade sanctions and an increasingly aggressive China add volatility to the future trajectory of defense
spending.

Table of Contents

Contents
1. Executive Summary 4
2. Introduction 5
3. Global Defense Spending Outlook 6
4. Regional Defense Spending Outlook 8
5. Country-level Defense Spending Analysis 16
5.1 North America 16
5.2 Asia Pacific 20
5.3 Europe 23
5.4 Middle East & Africa 24
5.5 Central & Latin America 26
6. Procurement and Support Spending Outlook 28
6.1 Priority Areas in the 2022 US Defense Budget 31
7. Conclusions 33
8. Methodology 34
9. Appendices 35
10. Analyst Contacts 39


Table of Exhibits
Exhibit 3 1 Global Defense Spending Outlook Comparison 6
Exhibit 4 1 Regional Defense Spending Outlook: 2020-2030 8
Exhibit 4 2 Regional Defense Expenditures: 2020-2030 9
Exhibit 4 3 Regional Defense Actual and Forecast Expenditures: 2016-2030 10
Exhibit 4 4 North America Defense Spending Forecast and Comparison 11
Exhibit 4 5 Asia Pacific Defense Spending Forecast and Comparison 12
Exhibit 4 6 Europe Defense Spending Forecast and Comparison 13
Exhibit 4 7 Middle East & Africa Defense Spending Forecast and Comparison 14
Exhibit 4 8 Central & Latin America Defense Spending Forecast and Comparison 15
Exhibit 5 1 Top 5 Defense Expenditures: 2020 – 2030 16
Exhibit 5 2 North American Regional Expenditures: 2020 – 2030 17
Exhibit 5 3 US Defense Expenditures: 2020 – 2030 18
Exhibit 5 4 Asia Pacific Regional Expenditures: 2020 – 2030 20
Exhibit 5 5 European Regional Expenditures: 2020 – 2030 24
Exhibit 5 6 Middle East and Africa Regional Expenditures: 2020 – 2030 25
Exhibit 5 7 Central & Latin America Regional Expenditures: 2020 – 2030 26
Exhibit 6 1 Global Procurement and Support Spending Forecast: 2020 -2030 28
Exhibit 6 2 Top Five Procurement and Support Expenditures: 2020 -2030 29
Exhibit 6 3 US Procurement and Support Expenditure: 2020 -2030 30
Exhibit 9 1 List of Countries with Regional Segmentations and Tiers 35
Exhibit 9 2 Country-level Defense Expenditure Forecast Table ($M) 37


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