Global Defense Spending has been on a surge over the recent years aided by strong tailwinds and favorable underlying forces led by tectonic shifts in traditional geopolitical dynamics & equations
China’s military ascendance and Russian regional resurgence have effectively triggered the resurgence of the great power competition between the traditional and revisionist states in the age of multi-polarity in the 21st century. The Global Defense Spending reached the record high level of $2.1 trillion for 2021 while registering a 7% year-on-year growth. The rise of China & its military bullying in the Asia Pacific region and the ongoing Russian invasion of Ukraine have collectively led to significant turbulence and a subsequent, massive surge in defense spending across APAC & Europe which is likely to be sustained at least for over a decade. The degree of impact of the Russia-Ukraine war and the subsequent monumental geopolitical shifts underway could easily be gauged by Germany’s recent, complete turnaround of its traditional defense posture with an upfront commitment of EUR 100+ billion towards defense and the rapid swerving of traditional neutrals of the North, Sweden & Finland, towards NATO
The U.S. defense industrial base is preparing to switch to the afterburner mode with significant investments towards R&D on next generation technologies, production ramp-up & increase in procurement rates over key programs transitioning towards full-rate production over near-term, like F-35 Lightning II JSF, the need to meet increasing international demand for Fighter Jets, ATGMs, MANPADS, Missile Defense Systems & Armor and ongoing defense equipment assistance to Ukraine necessitating production rate ramp-ups & increases on key programs to backfill inventories across the U.S. & NATO allies with increasing environmental uncertainty & volatility, political tensions & risks of escalations following the virtual evaporation of traditional, rule-based world order
Further, the development of next generation defense systems and technologies continues unabated to match near-peer adversaries in terms of capabilities and to maintain traditional U.S. military overmatch over adversaries leading to continued funding for development of strategic programs & technologies, with the U.S. R&D outlay having grown by 24% between 2012 & 2021, and which is likely to be sustained over medium term with the U.S defense budget likely to be over $800 billion for FY2023
The defense industrial base across Europe, too, is set for a renaissance at least for the medium term with increasing threat perception levels, rapid shift in defense posture & focus on preparedness with plans for replacement & modernization of ageing, cold-war era defense equipment and leapfrogging of technological capabilities marked by upgrade efforts for legacy platforms, like the British Challenger & French Leclerc MBTs, and the initiation of a number of new defense programs across the old continent led by the Franco-German FCAS & MGCS apart from the British-Italian-Swedish Tempest 6th generation fighter jet program amid increasing environmental uncertainty & volatility, political tensions & risks of escalations
Against this backdrop, the report analyses & provides comprehensive insights into the World’s 10 Leading Aerospace & Defense industry OEMs with focus on a blend of quantitative & qualitative analysis. The report provides detailed analysis on A&D Primes, including, comprehensive analysis of business portfolio and strategic market positioning, overall strategy focus, key strategies & plans for medium term, financial analysis and a detailed SWOT analysis against the backdrop of emerging rapid shifts in the geopolitical dynamics, equations & landscape and technological revolution. The report also projects market evolution for the global A&D market over medium term with analysis of emerging market scenario, defense spending growth projections, key market & technology trends, issues & challenges, key growth domains and potential growth opportunities
Relevance & Usefulness: The report will be useful for:
- Strategic Planning & Decision-Making Processes
- Comparative Analysis of Industry Players and OEMs from a Business & Relative Strategy Perspective
- Identification of & Insights into Potential Growth Opportunities & Avenues
- Review of Key, Upcoming Defense Programs
- Global Defense Budgetary Trend and Defense Budgetary Spending Levels across Key Markets
- Identifying & highlighting areas for making potential Strategic Changes, Adjustments & Realignment
- Overview of Key, Emerging & Game Changer Technologies that are likely to Shape the future
For Whom: Key Decision-Makers across Industry Value Chain
The report would be quintessential for those having strategic interest in the Global Aerospace & Defense Industry. The report will be extremely useful for Key Decision-Makers, Program Managers, Global Procurement Managers, Defense Departments & Contracting Executives, Top Management of Industry Players & Other Companies, Industry OEMs, Suppliers, Vendors, Associated Equipment Manufacturers and other Key Players in the Industry Value Chain. The report will also be useful for existing & potential Investors, Industry & Company Analysts, M&A Advisory Firms, Strategy & Management Consulting Firms, PE Firms, Venture Capitalists, Financing & Leasing Companies, Researchers and all those associated with the industry. The report is comprehensive yet concise & compact at the same time; is custom-built for meetings & presentations, in addition, to being a ready self-reckoner as well as a quick reference guide driving, enabling & ensuring prompt and informed decision making
Table of Contents
Companies Mentioned
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- The Boeing Company
- General Dynamics Corporation
- Raytheon Technologies
- Airbus SE
- BAE Systems plc
- Rolls Royce Holdings plc
- Safran SA
- Leonardo S.p.A.