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Defense Spending in North America - Market Summary, Competitive Analysis and Forecast to 2025

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    Report

  • 49 Pages
  • September 2021
  • Region: North America
  • MarketLine
  • ID: 5503342
Defense Spending in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). 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 North American defense spending market had total budget allocation of $744.4bn in 2020, representing a compound annual growth rate (CAGR) of 4% between 2016 and 2020.
  • Market consumption volumes declined with a compound annual rate of change (CARC) of -0.5% between 2016 and 2020, to reach a total of 1.71 million active serving personnel in 2020.
  • The US market has grown considerably slower during the last five years compared to the rest of the region, growing at a moderate rate of 3.9%, while the Canadian and Mexican markets have grown at significantly higher rates, by 6.8% and 6.4%, respectively.

Scope


  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the defense spending market in North America
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the defense spending market in North America
  • 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 North America defense spending market with five year forecasts by both value and volume

Reasons to Buy


  • What was the size of the North America defense spending market by value in 2020?
  • What will be the size of the North America defense spending market in 2025?
  • What factors are affecting the strength of competition in the North America defense spending market?
  • How has the market performed over the last five years?
  • Who are the top competitors in North America's defense spending market?

Table of Contents

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 rationale for the recent M&A activity?
7.4. Have there been any significant contract wins in recent years?
8 Company Profiles
8.1. The Boeing Company
8.2. Lockheed Martin Aeronautics Company
8.3. Bombardier Inc
8.4. Raytheon Co
8.5. Sikorsky Aircraft Corp
8.6. General Dynamics Mission Systems Inc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher
List of Tables
Table 1: North America defense spending market value: $ billion, 2016-20
Table 2: North America defense spending market volume: thousand active serving personnel, 2016-20
Table 3: North America defense spending market category segmentation: $ billion, 2020
Table 4: North America defense spending market geography segmentation: $ billion, 2020
Table 5: North America defense spending market value forecast: $ billion, 2020-25
Table 6: North America defense spending market volume forecast: thousand active serving personnel, 2020-25
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: Bombardier Inc: key facts
Table 16: Bombardier Inc: Annual Financial Ratios
Table 17: Bombardier Inc: Key Employees
Table 18: Raytheon Co: key facts
Table 19: Raytheon Co: Key Employees
Table 20: Raytheon Co: Key Employees Continued
Table 21: Sikorsky Aircraft Corp: key facts
Table 22: Sikorsky Aircraft Corp: Key Employees
Table 23: General Dynamics Mission Systems Inc: key facts
Table 24: General Dynamics Mission Systems Inc: Key Employees
Table 25: North America exchange rate, 2016-20
List of Figures
Figure 1: North America defense spending market value: $ billion, 2016-20
Figure 2: North America defense spending market volume: thousand active serving personnel, 2016-20
Figure 3: North America defense spending market category segmentation: % share, by value, 2020
Figure 4: North America defense spending market geography segmentation: % share, by value, 2020
Figure 5: North America defense spending market value forecast: $ billion, 2020-25
Figure 6: North America defense spending market volume forecast: thousand active serving personnel, 2020-25
Figure 7: Forces driving competition in the defense spending market in North America, 2020
Figure 8: Drivers of buyer power in the defense spending market in North America, 2020
Figure 9: Drivers of supplier power in the defense spending market in North America, 2020
Figure 10: Factors influencing the likelihood of new entrants in the defense spending market in North America, 2020
Figure 11: Factors influencing the threat of substitutes in the defense spending market in North America, 2020
Figure 12: Drivers of degree of rivalry in the defense spending market in North America, 2020

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • The Boeing Company
  • Lockheed Martin Aeronautics Company
  • Bombardier Inc
  • Raytheon Co
  • Sikorsky Aircraft Corp
  • General Dynamics Mission Systems Inc

Table Information