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Author: Eric Higham
Publication Date: Sep 13 2022
Pages: 48
 Report Type: Forecast and Outlook

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Defense

Global Defense Budget Forecast: 2021-2031



Report Summary:

Global defense expenditures will surpass $3.1 trillion in 2031, driven by an increasingly unstable geopolitical climate. North America will continue to be the largest regional market over the forecast period, but its share will diminish. The Asia-Pacific region will see the fastest growth in response to China and its global intentions.
Table of Contents

Contents

1. Executive Summary 4
2. Introduction 5
3. Global Defense Spending Outlook 6
3.1 Spending Drivers and Trends 8
4. Regional Defense Spending Outlook 10
5. Defense Expenditures Top 5 17
5.1 North America 17
5.2 Asia Pacific 21
5.3 China 22
5.4 India 22
5.5 Japan 23
5.6 South Korea 24
5.7 Australia 25
5.8 Europe 26
5.9 Middle East & Africa 28
5.10 Central & Latin America 30
6. Procurement and Support Spending 32
7. Conclusions 40
8. Appendices 42
8.1 Methodology 42
9. Analyst Contacts 47

Exhibits

Exhibit 3 1 Global Defense Expenditures Forecast Comparison 6
Exhibit 3 2 Global Defense Expenditures Forecast 7
Exhibit 4 1 Regional Defense Procurement Spending Forecast 10
Exhibit 4 2 Regional Share of Defense Procurement Expenditures 11
Exhibit 4 3 Long Term Regional Trends in Total Defense Expenditures 12
Exhibit 4 4 North America Defense Spending Forecast 12
Exhibit 4 5 Asia Pacific Defense Spending Forecast 13
Exhibit 4 6 Europe Defense Spending Forecast 14
Exhibit 4 7 Middle East & Africa Defense Spending Forecast 15
Exhibit 4 8 Central & Latin America Defense Spending Forecast 16
Exhibit 5 1 Forecast for 5 Largest Total Defense Budgets 17
Exhibit 5 2 North America Spending Forecast 18
Exhibit 5 3 The US Defense Spending Forecast 19
Exhibit 5 4 Top Regional Defense Spenders in Asia Pacific 21
Exhibit 5 5 Top Regional Defense Spenders in Europe 27
Exhibit 5 6 Top Regional Defense Spenders in Middle East 29
Exhibit 5 7 Top Regional Defense Spenders in Central & Latin America 31
Exhibit 6 1 Global Procurement and Support Spending Forecast 32
Exhibit 6 2 Procurement and Support Expenditures by Region 33
Exhibit 6 3 Procurement and Support Expenditure of Top Five 34
Exhibit 6 4 US Procurement and Support Expenditure Forecast 35
Exhibit 8 1 List of Countries with Regional Segmentations and Tiers 45

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