Defense Logistics Market: North America held a 35% share in 2021, Offline segment to grow at the highest rate - Technavio
NEW YORK, Nov. 29, 2022 /PRNewswire/ -- The defense logistics market report is a comprehensive research that provides in-depth qualitative and quantitative intelligence. Technavio's analysts estimate a market share growth of USD 3.89 Billion from 2020 to 2025, at a CAGR of 2.03%. Technavio has extensively analyzed 15 major vendors including AECOM, Amentum Services Inc., Anham Fzco LLC, ASELSAN AS, BAE Systems Plc, Crowley Maritime Corp., Fluor Corp., GEFCO Group, Honeywell International Inc., and KBR Inc. This research report aims to capture and analyze the trends, drivers, and challenges that are evolving in the market.
Technavio has segmented the defense logistics market based on Solution (military infrastructure, military logistics services, and military FMS) and Geography (North America, Europe, APAC, South America, and MEA). The report provides a comprehensive analysis on growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market.
North Americaheld a 35% share of the global defense logistics market in 2021. The market in the region is estimated to grow at the fastest pace during the forecast period. The increasing spending on arms and huge investments in military operations, especially in the US is driving the growth of the defense logistics market in North America.
The military infrastructure segment will grow at the highest rate during the forecast period. The segment is driven by the increasing spending on upgrading and modernizing existing defense infrastructure in emerging economies such as India and Saudi Arabia.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Buy the Report
Key factor driving market growth
The increasing number of military vehicles is one of the factors driving the defense logistics market growth.
Countries across the world are exhibiting high interest in procuring additional military vehicles to ensure the combat readiness of their soldiers.
Logistics plays a crucial role in commanding, communicating, and controlling as well as differentiating various operations on a battlefield. Thus, with the rising demand for military vehicles, the demand for defense logistics will increase during the forecast period, thereby driving the market growth.
Leading trends influencing the market
The adoption of multidimensional defense logistics is one of the key defense logistics market trends fueling the market growth.
Some countries have their military bases established in other countries to support peace and carry out some military operations.
To maintain their military operations in other countries, they adopt a multidimensional defense logistics model.
In this model, the base country gets logistical benefits from the domestic defense logistics players in the host country. This growing trend will have a positive impact on the market size during the forecast period.
The air defense systems market share is expected to increase by USD 9.60 billion from 2021 to 2026, at a CAGR of 5.21%. The increasing lethal threats posed by UAVs is notably driving the air defense systems market growth, although factors such as threats due to supply chain complexities may impede the market growth.
The ground-based aircraft and missile defense systems market share is expected to increase by USD 4.24 billion from 2021 to 2026, at a CAGR of 5.46%. The development of new-generation air and missile defense systems is notably driving the ground-based aircraft and missile defense systems market growth, although factors such as threats due to supply chain complexities may impede the market growth.
Defense Logistics Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 2.03%
Market growth 2021-2025
USD 3.89 billion
Market structure
Concentrated
YoY growth (%)
0.59
Regional analysis
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 35%
Key countries
US, China, Russian Federation, France, and India
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
AECOM, Amentum Services Inc., Anham Fzco LLC, ASELSAN AS, BAE Systems Plc, Crowley Maritime Corp., Fluor Corp., GEFCO Group, Honeywell International Inc., and KBR Inc.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Solution
Market segments
Comparison by Solution
Military infrastructure - Market size and forecast 2020-2025
Military logistics services - Market size and forecast 2020-2025
Military FMS - Market size and forecast 2020-2025
Market opportunity by Solution
Customer landscape
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
AECOM
Amentum Services Inc.
Anham Fzco LLC
ASELSAN AS
BAE Systems Plc
Crowley Maritime Corp.
Fluor Corp.
GEFCO Group
Honeywell International Inc.
KBR Inc.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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