Defense Spending in the United States

Defense Spending in the United States

Summary

Defense Spending in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces, including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces, defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans' benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
  • The US defense spending market had a total budget allocation of $648,798.3m in 2018, representing a compound annual growth rate (CAGR) of 1.6% between 2014 and 2018.
  • Market consumption volumes declined with a compound annual rate of change (CARC) of -0.3% between 2014 and 2018, to reach a total of 1.4 million active serving personnel in 2018.
  • The inauguration of the Trump administration has seen defense once again become a priority.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the defense spending market in the United States
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the defense spending market in the United States
  • Leading company profiles reveal details of key defense spending market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the United States defense spending market with five year forecasts by both value and volume
Reasons to buy
  • What was the size of the United States defense spending market by value in 2018?
  • What will be the size of the United States defense spending market in 2023?
  • What factors are affecting the strength of competition in the United States defense spending market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the United States's defense spending market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What is the rational for the recent M&A activity?
8 Company Profiles
8.1. The Boeing Company
8.2. Lockheed Martin Aeronautics Company
8.3. General Dynamics Mission Systems Inc
8.4. Raytheon Co
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: United States defense spending market value: $ billion, 2014-18
Table 2: United States defense spending market volume: active serving personnel, 2014-18
Table 3: United States defense spending market category segmentation: $ billion, 2018
Table 4: United States defense spending market geography segmentation: $ billion, 2018
Table 5: United States defense spending market value forecast: $ billion, 2018-23
Table 6: United States defense spending market volume forecast: active serving personnel, 2018-23
Table 7: The Boeing Company: key facts
Table 8: The Boeing Company: Annual Financial Ratios
Table 9: The Boeing Company: Key Employees
Table 10: The Boeing Company: Key Employees Continued
Table 11: The Boeing Company: Key Employees Continued
Table 12: The Boeing Company: Key Employees Continued
Table 13: Lockheed Martin Aeronautics Company: key facts
Table 14: Lockheed Martin Aeronautics Company: Key Employees
Table 15: General Dynamics Mission Systems Inc: key facts
Table 16: General Dynamics Mission Systems Inc: Key Employees
Table 17: Raytheon Co: key facts
Table 18: Raytheon Co: Annual Financial Ratios
Table 19: Raytheon Co: Key Employees
Table 20: Raytheon Co: Key Employees Continued
Table 21: United States size of population (million), 2014-18
Table 22: United States gdp (constant 2005 prices, $ billion), 2014-18
Table 23: United States gdp (current prices, $ billion), 2014-18
Table 24: United States inflation, 2014-18
Table 25: United States consumer price index (absolute), 2014-18
Table 26: United States exchange rate, 2014-18
List of Figures
Figure 1: United States defense spending market value: $ billion, 2014-18
Figure 2: United States defense spending market volume: active serving personnel, 2014-18
Figure 3: United States defense spending market category segmentation: % share, by value, 2018
Figure 4: United States defense spending market geography segmentation: % share, by value, 2018
Figure 5: United States defense spending market value forecast: $ billion, 2018-23
Figure 6: United States defense spending market volume forecast: active serving personnel, 2018-23
Figure 7: Forces driving competition in the defense spending market in the United States, 2018
Figure 8: Drivers of buyer power in the defense spending market in the United States, 2018
Figure 9: Drivers of supplier power in the defense spending market in the United States, 2018
Figure 10: Factors influencing the likelihood of new entrants in the defense spending market in the United States, 2018
Figure 11: Factors influencing the threat of substitutes in the defense spending market in the United States, 2018
Figure 12: Drivers of degree of rivalry in the defense spending market in the United States, 2018

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