Delre Beach, Fla., February 20, 2025 / Prnewswire/ – according to a research report “Global Defense Industry Outlook” Global military expenditure is estimated USD 2,563.1 billion Expected to reach more in 2024 USD 2,688.7 billion At the growth rate of 4.9% from 2023 to 2024 in 2025.
Various regions around the world face specific security challenges, not limited to regional disputes, regional rivals and cross -border conflicts. In response to these concerns and to maintain regional stability, countries do enough parts of their financial resources to protect. For example, in Asia-appreciator Area, growing military capabilities China Neighbor countries have been forced to strengthen their defense capabilities. Similarly, Middle East With the safety threats emanating from terrorism, internal conflicts and external aggression, inspires regional countries to allocate important financial resources to protect their interests. Strategic allocation of defense budget is also affected by regional defense cooperation and alliances, as nations try to increase collective security and prevent potential aggressive. These factors are estimated to have a significant impact on the global defense budget in the forecast period.
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Prominent players in the study include Northrop Gramman Corporation (US), BAE Systems (UK), Lockheed Martin Corporation (US), Reenmetal AGGermany), Oshkosh Corporation (US), Hanva Defense (South Korea), Among others.
The airborne platform segment is expected to lead 2024 and beyond budget allocation.
Globally, the airborne platform is watching new investment along with new programs and development. It is due to accurate engagement, rapid global mobility, agile fighter support, electronic war, strategic mobility and increasing attention to global access. Due to these investments and factors, the airborne platform is estimated to grow from the platform. USD 102.1 billion In 2024 USD 106.2 billion By 2024.
Army worldwide has seen several modernization initiatives with upgrading future military systems, developing new armored vehicles, accuracy and improving accuracy in artillery and missile systems, which, counters’ operations, urban wars, and logistics posts The Russia,Ukraine war. For example, Germany, India, ChinaAnd Saudi Arabia Working to improve your ability to engage in air war because tension between various international powers is increasing. Therefore, these countries are focusing on modernizing their old fighter jets with more advanced, high-tech fleet.
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North America The area is estimated to pay attention to the largest part in 2025 Asia Pacific The area is expected to have adequate investment in the defense industry across the country.
World military expenditure analysis has been studied North America, Europe, Asia PacificAnd the rest of the world. North America The world defense budget allocation is estimated to have the largest stake in the market. This dominance is powered by adequate defense budget United StatesThe presence of advanced defense industries, and active military engagement and global security responsibilities of the region. Increase in expenditure on initiative of modernization in Asia Pacific The area is powered by several factors, including increasing refinement of arms systems, needs to change aging and technical edge. Like countries India, Japan, South KoreaAnd Australia Fifth generation fighters, secretly bombers and novels are investing adequate in weapons systems.
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