it also covers the key players that serve these nations with high-end defense systems such as Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), BAE Systems Plc. (U.K.), Raytheon Company (U.S.), Northrop Grumman Corporation (U.S.)
(PRWEB) December 14, 2014
The report provides an in-depth analysis of the top 10 defense spending. It provides information about the current trends in the market with respect to geographies, countries, platforms, and applications market scenario. It throws light on the current market trends, drivers, and restraints and the challenges faced by the market. According to the report, the top ten defense spending analysis market is estimated to be $1,160.58 billion in 2014. It is expected to grow at a CAGR of 7.07% from 2014 to reach $1,748.46 billion by 2020.
The report analyzes "Defense Spending Analysis Market" on the basis of the key segments and players to define the top players, growth trends and revenue forecasts. It also identifies the drivers, restraints, and opportunities impacting the market, along with the adoption trends.
Explore "Top 10 Defense Spending Analysis Market" through detailed ToC, data tables and figures, spread across 225 report pages.
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This report provides a thorough market analysis of the top ten defense spenders over the next five years. It provides an in-depth analysis of the drivers, challenges, and restraints impacting the defense market. The report tracks, analyzes, and lays out the market size of the major spenders in the world and analyzes the defense budget market shares on the basis of expenditure trends. It further analyzes the market-share by capital expenditure across the three major defense platforms, namely, Land, Airborne and Naval. It also analyses each platform by procurement, research and development, maintenance, and up gradation.
The defense spend by a country mostly varies owing to the economic state of that country. A chief example of this would be the western countries such as U.K, which have experienced extensive severity measures being implemented because of budget deficit reduction. The priority has been given to achieving the economic goals, while the defense military expenditure has been largely reduced to accomplish this. However, according to the report, Asian defense spending has continuously increased at a high rate since the recent few years. The major stakeholders being China, which has drastically increased its defense budget to meet its goal of becoming a superpower, by 2025.
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The report provides information about the leading competitors in the global defense systems market, apart from a general overview of the companies. It also provides details on their financial positions, products, services, key developments, and their SWOT analysis. This Top 10 Defense Spending Analysis Market research report also segments the market on the basis of the key countries, forecasting revenues and market shares in each of the sub-sectors.
According to the report, United States of America is expected to hold the highest market share across the three platforms and would grow at a CAGR of 2.08%, during the forecasting period. The demand for directed energy weapons, unmanned vehicles, command and control (C2), and soldier modernization programs is projected to increase during near future.
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