Global Defense Expenditure Forecast: 2020-2030

Report Summary:

Despite A COVID-induced slowdown in defense production in 2020, global defense spending is forecast to continue to grow through 2030. Drivers for this growth include growing regional and global geopolitical tensions, larger countries working to increase their indigenous capabilities, as well as modernization efforts by both large and small countries. We forecast global defense spending will grow to reach an estimated $2.8 trillion in 2030.
An increasingly aggressive China, coupled with the “Great Power Competition” among the US, China and Russia is driving development of expensive weapons platforms. The major wildcard in this analysis is the direction of the new administration in the US. The first, unapproved defense budget caps spending growth and shifts some priorities, so this bears watching. 

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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