Abstract
Summary
The world defense budget is estimated to be USD 2,004.7 billion in 2023 and is expected to reach USD 2,546.9 billion by 2028 at a CAGR of 4.9% from 2023 to 2028. Maintaining a modern and well-equipped military force is a critical factor driving the rise in defense budget allocation. Many countries face the challenge of outdated equipment, aging infrastructure, and the need to replace or upgrade existing assets. To ensure military readiness and effectiveness, defense budgets are directed toward the acquisition of new platforms, equipment, and technologies. This includes investments in next-generation fighter jets, naval vessels, intelligence systems, cyber defense capabilities, and personnel training. Modernization efforts aim to address capability gaps, enhance operational effectiveness, and adapt to evolving threats, leading to increased defense expenditures.
The cyber subsegment is projected to witness the highest CAGR during the forecast period.
The cyber platform is projected to grow at the highest CAGR; with the increasing reliance on digital systems and the growing threat landscape in cyberspace, governments worldwide recognize cybersecurity’s critical importance and are allocating significant resources to bolster their cyber defense capabilities. The cyber platform encompasses investments in technologies, infrastructure, and personnel training related to cybersecurity. As cyber threats become more sophisticated and pervasive, there is a pressing need to strengthen defense mechanisms, develop advanced cybersecurity tools, and enhance the resilience of critical infrastructure against cyber-attacks.
The military expense subsegment is projected to dominate the world defense budget analysis by allocation type.
In the forecast period, the military expense subsegment is anticipated to have the largest market share within the defense budget allocation market. Military expenses include personnel salaries, training, operations, equipment procurement, research and development, maintenance, and modernization of military assets. Several factors contribute to the dominance of the military expense subsegment. Firstly, maintaining a capable and well-equipped military force is a top priority for governments worldwide to ensure national security and defense preparedness. This requires significant investments in personnel, training, and the acquisition of advanced weaponry and technology.
North America is expected to account for the largest market share in 2023
North America is poised to capture the largest market share in the defense budget allocation, driven by several influential factors. Foremost among these factors is the significant defense budget of the United States, which consistently ranks as the world’s highest defense spender. The United States allocates substantial resources to maintain its military readiness, global military presence, and technological advancements. As a result, its defense spending contributes significantly to the overall market share in North America. Moreover, North America boasts a thriving defense industry and is a hub for cutting-edge technology development. The region hosts renowned defense contractors, research institutions, and aerospace companies, fostering innovation and driving defense spending. This advanced industry ecosystem enables North America to remain at the forefront of defense technologies, further solidifying its market dominance.
The break-up of the profile of primary participants in the World defense budget analysis:
• By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
• By Designation: C Level – 30%, Director Level – 20%, Others-50%
• By Region: North America –35%, Europe – 20%, Asia Pacific – 30%, Middle East– 10%, and Latin America – 5%
Prominent countries include the US, China, India, Russia, Saudi Arabia, the UK, and France, among others.
Research Coverage:
This research report categorizes the world defense budget analysis by By Allocation Type, Departmental Allocation, Platform Allocation, System Allocation, Domain Allocation, Technology Allocation, and By Region. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the world defense budget analysis. A detailed analysis of the critical countries has been done to provide insights into their defense overview; key strategies; Contracts, partnerships, agreements, new mergers and acquisitions, and recent developments associated with the world defense budget analysis.
Reasons to buy this report:
Analysis of key drivers (Increasing global security threats and geopolitical tensions, modernization and upgrading of military capabilities, and technological advancements in defense systems), restraints (Budget constraints and fiscal limitations, economic downturns and recessions, and shifting geopolitical dynamics and changing priorities), opportunities (Defence market expansion in emerging economies, growing demand for cybersecurity and counterterrorism capabilities, and advancements in autonomous systems and artificial intelligence), and challenges (Uncertainty and unpredictability of global security threats, rapidly evolving nature of warfare and asymmetric threats, and balancing defense spending with other social and economic priorities) influencing the growth of world defense budget analysis.
• Product Development/Innovation: Detailed insights on upcoming technologies and research & development activities in the world defense budget analysis
• Market Development: Comprehensive information about lucrative markets – the report analyses the world defense budget analysis across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the world defense budget analysis
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading contractors in the world defense budget analysis
Table of Contents
1 INTRODUCTION 62
1.1 STUDY OBJECTIVES 62
1.2 MARKET DEFINITION 62
1.3 MARKET SCOPE 63
1.3.1 MARKETS COVERED 63
1.3.2 REGIONAL SCOPE 64
1.3.3 YEARS CONSIDERED 65
1.4 CURRENCY CONSIDERED 65
1.5 INCLUSIONS AND EXCLUSIONS 66
1.6 LIMITATIONS 66
1.7 STAKEHOLDERS 67
2 RESEARCH METHODOLOGY 68
2.1 RESEARCH DATA 68
2.1.1 SECONDARY DATA 69
- 2.1.1.1 Key data from secondary sources 70
2.1.2 PRIMARY DATA 70
2.2 MARKET SIZE ESTIMATION 70
2.2.1 SEGMENTS AND SUBSEGMENTS 71
2.2.2 EXCLUSIONS 71
2.3 RESEARCH APPROACH AND METHODOLOGY 71
2.3.1 BOTTOM-UP APPROACH 72
2.3.2 TOP-DOWN APPROACH 73
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 73
2.5 RESEARCH LIMITATIONS 75
3 EXECUTIVE SUMMARY 76
3.1 WORLD DEFENSE BUDGET TO TRIPLE WITH USD 6 BILLION ALLOCATIONS BY 2030 76
3.2 OVER 50% OF WORLD DEFENSE BUDGET TO BE SPENT ON MODERNIZATION PROGRAMS BY 2025 76
3.3 WORLD DEFENSE BUDGET TO BE 4% OF GLOBAL GDP BY 2030 76
3.4 US TO CONTRIBUTE 45% TO WORLD DEFENSE BUDGET BY 2030 77
3.5 US, CHINA, RUSSIA, INDIA, AND SAUDI ARABIA TO CONSTITUTE MORE THAN 70% OF GLOBAL MILITARY SPENDING IN 2025 77
3.6 INDIA TO EMERGE AS LEADING DEFENSE EXPORTER BY 2030, WITH STRONG FOCUS ON INDIGENOUS MANUFACTURING 78
3.7 EUROPE TO HAVE MILITARY BURDEN OF 3% TILL 2025 78
3.8 WAR IN UKRAINE PROMPTED EUROPEAN COUNTRIES TO INCREASE DEFENSE SPENDING FROM USD 480 BILLION IN 2022 TO USD 650 BILLION BY 2030 79
3.9 DEFENSE BUDGET OF MIDDLE EAST TO GROW BY 6% YOY FROM 2025 TO 2030 79
3.10 AFRICA TO HOLD 5% SHARE OF WORLD DEFENSE BUDGET IN 2030 80
4 US DEFENSE BUDGET ANALYSIS 81
4.1 INTRODUCTION 81
4.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 84
4.3 REGULATORY AND POLICY LANDSCAPE 85
4.4 IMPACT OF MEGATRENDS 86
4.5 TECHNOLOGY TRENDS 86
4.5.1 HYPERSONIC WEAPONS 86
4.5.2 INTERNET OF MILITARY THINGS 87
4.6 TREND INDICATORS 87
4.6.1 MACRO 87
- 4.6.1.1 GDP and defense budget share (%) of GDP 87
- 4.6.1.2 Geopolitical intensity/external disputes 87
- 4.6.1.3 Development index 88
- 4.6.1.4 Terrorism index 88
- 4.6.1.5 Recession impact analysis 88
4.6.2 MICRO 88
- 4.6.2.1 Military strength/recruitment 88
- 4.6.2.2 Military modernization 89
- 4.6.2.3 Soldier welfare 89
4.7 EXPORT AND IMPORT/TRADE ANALYSIS 89
4.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 90
4.8.1 MILITARY 90
- 4.8.1.1 United States Army 90
- 4.8.1.2 United States Navy 90
- 4.8.1.3 United States Air Force 90
- 4.8.1.4 United States Marine Corps 90
4.8.2 HOMELAND SECURITY 90
- 4.8.2.1 Transportation Security Administration 90
- 4.8.2.2 US Customs and Border Protection 91
- 4.8.2.3 US Immigration and Customs Enforcement 91
- 4.8.2.4 Federal Emergency Management Agency 91
4.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 91
4.9.1 LAND 91
4.9.2 AIRBORNE 92
4.9.3 NAVAL 93
4.9.4 SPACE 94
4.9.5 CYBER 95
4.10 DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION 95
4.10.1 ELECTRONICS 95
- 4.10.1.1 Intelligence, surveillance, and reconnaissance 95
- 4.10.1.2 Communication, navigation, and surveillance 96
- 4.10.1.3 Global navigation satellite system 96
- 4.10.1.4 Electronic warfare 97
- 4.10.1.5 Digital battlefield 97
4.10.2 ARMAMENTS 97
- 4.10.2.1 Weapons and munitions 97
- 4.10.2.2 Firearms and ammunition 98
4.11 DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION 99
4.11.1 ADVANCED 99
- 4.11.1.1 Use cases 99
4.11.2 CONVENTIONAL 99
- 4.11.2.1 Use cases 99
4.12 DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION 100
4.12.1 MILITARY FORCES 100
4.12.2 SPECIAL FORCES 100
4.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 101
4.13.1 MILITARY EXPENSE 101
4.13.2 ADMIN EXPENSE 101
4.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 101
4.14.1 FOREIGN MILITARY SALES 101
4.14.2 INDIGENOUS SALES 102
4.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 102
4.15.1 COMPETITIVE LANDSCAPE 102
- 4.15.1.1 Company ranking analysis 102
- 4.15.1.2 Competitive benchmarking 103
4.15.2 PRIME CONTRACTORS 103
- 4.15.2.1 Northrop Grumman Corporation 103
- 4.15.2.1.1 Business overview 103
- 4.15.2.1.2 SWOT analysis 104
- 4.15.2.1.3 Recent developments 105
- 4.15.2.1.4 MnM view 105
- 4.15.2.2 General Dynamics Corporation 106
- 4.15.2.2.1 Business overview 106
- 4.15.2.2.2 SWOT Analysis 107
- 4.15.2.2.3 Recent developments 107
- 4.15.2.2.4 MnM view 108
- 4.15.2.3 Lockheed Martin Corporation 108
- 4.15.2.3.1 Business overview 108
- 4.15.2.3.2 SWOT analysis 109
- 4.15.2.3.3 Recent developments 110
- 4.15.2.3.4 MnM view 111
- 4.15.2.1 Northrop Grumman Corporation 103
5 CANADA DEFENSE BUDGET ANALYSIS 112
5.1 INTRODUCTION 112
5.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 115
5.3 REGULATORY AND POLICY LANDSCAPE 116
5.4 IMPACT OF MEGATRENDS 117
5.5 TECHNOLOGY TRENDS 117
5.5.1 QUANTUM COMPUTING 117
5.6 TREND INDICATORS 118
5.6.1 MACRO 118
- 5.6.1.1 GDP and defense budget share (%) of GDP 118
- 5.6.1.2 Geopolitical intensity/external disputes 118
- 5.6.1.3 Development index 119
- 5.6.1.4 Terrorism index 119
- 5.6.1.5 Recession impact analysis 119
5.6.2 MICRO 119
- 5.6.2.1 Military strength/recruitment 119
- 5.6.2.2 Military modernization 119
- 5.6.2.3 Soldier welfare 120
5.7 EXPORT AND IMPORT/TRADE ANALYSIS 120
5.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 121
5.8.1 MILITARY 121
- 5.8.1.1 Department of National Defense 121
- 5.8.1.2 Canadian Armed Forces 121
- 5.8.1.3 Defense Research and Development Canada 121
- 5.8.1.4 Communications Security Establishment 121
- 5.8.1.5 Canadian Security Intelligence Service 121
- 5.8.1.6 Canadian Border Services Agency 121
- 5.8.1.7 Canadian Security and Intelligence Review Committee 121
5.8.2 HOMELAND SECURITY 122
- 5.8.2.1 Public Safety Canada 122
- 5.8.2.2 Royal Canadian Mounted Police 122
- 5.8.2.3 Integrated Terrorism Assessment Centre 122
- 5.8.2.4 Canadian Centre for Cyber Security 122
- 5.8.2.5 Joint Task Force 2 122
- 5.8.2.6 Provincial and Municipal Police Forces 122
5.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 122
5.9.1 LAND 122
5.9.2 AIRBORNE 123
5.9.3 NAVAL 124
5.9.4 SPACE 125
5.9.5 CYBER 125
5.10 DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION 126
5.10.1 ELECTRONICS 126
- 5.10.1.1 Intelligence, surveillance, and reconnaissance 126
- 5.10.1.2 Communication, navigation, and surveillance 126
- 5.10.1.3 Global navigation satellite system 126
- 5.10.1.4 Electronic warfare 127
- 5.10.1.5 Digital battlefield 127
5.10.2 ARMAMENTS 127
- 5.10.2.1 Weapons and munitions 127
- 5.10.2.2 Firearms and ammunition 127
5.11 DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION 129
5.11.1 ADVANCED 129
- 5.11.1.1 Use cases 130
5.11.2 CONVENTIONAL 130
- 5.11.2.1 Use cases 130
5.12 DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION 130
5.12.1 MILITARY FORCES 130
- 5.12.1.1 Canadian Army 130
- 5.12.1.2 Royal Canadian Navy 130
- 5.12.1.3 Royal Canadian Air Force 131
5.12.2 SPECIAL FORCES 131
5.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 131
5.13.1 MILITARY EXPENSE 131
5.13.2 ADMIN EXPENSE 132
5.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 132
5.14.1 FOREIGN MILITARY SALES 132
5.14.2 INDIGENOUS SALES 132
5.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 133
5.15.1 COMPETITIVE LANDSCAPE 133
- 5.15.1.1 Company ranking analysis 133
- 5.15.1.2 Competitive benchmarking 133
5.15.2 PRIME CONTRACTORS 134
- 5.15.2.1 Lockheed Martin Corporation 134
- 5.15.2.2 CAE Inc 134
- 5.15.2.2.1 Business overview 134
- 5.15.2.2.2 SWOT analysis 135
- 5.15.2.2.3 Recent developments 136
- 5.15.2.2.4 MnM view 136
- 5.15.2.3 General Dynamics Land Systems Inc 137
- 5.15.2.3.1 Business overview 137
- 5.15.2.3.2 SWOT analysis 137
- 5.15.2.3.3 Recent developments 138
- 5.15.2.3.4 MnM view 138
6 UK DEFENSE BUDGET ANALYSIS 139
6.1 INTRODUCTION 139
6.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 142
6.3 REGULATORY AND POLICY LANDSCAPE 143
6.4 IMPACT OF MEGATRENDS 144
6.5 TECHNOLOGY TRENDS 144
6.5.1 FUTURE COMBAT AIR SYSTEM 144
6.6 TREND INDICATORS 145
6.6.1 MACRO 145
- 6.6.1.1 GDP and defense budget share (%) of GDP 145
- 6.6.1.2 Geopolitical intensity/external disputes 145
- 6.6.1.3 Development index 145
- 6.6.1.4 Terrorism index 145
- 6.6.1.5 Recession impact analysis 146
6.6.2 MICRO 146
- 6.6.2.1 Military strength/recruitment 146
- 6.6.2.2 Military modernization 146
- 6.6.2.3 Soldier welfare 146
6.7 EXPORT AND IMPORT/TRADE ANALYSIS 147
6.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 147
6.8.1 MILITARY 147
- 6.8.1.1 Ministry of Defence 147
- 6.8.1.2 British Army 147
- 6.8.1.3 Royal Navy 148
- 6.8.1.4 Royal Air Force 148
- 6.8.1.5 Defense Equipment and Support 148
- 6.8.1.6 Joint Forces Command 148
6.8.2 HOMELAND SECURITY 148
6.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 148
6.9.1 LAND 148
6.9.2 AIRBORNE 149
6.9.3 NAVAL 150
6.9.4 SPACE 151
6.9.5 CYBER 152
6.10 DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION 153
6.10.1 ELECTRONICS 153
- 6.10.1.1 Intelligence, surveillance, and reconnaissance 153
- 6.10.1.2 Communication, navigation, and surveillance 153
- 6.10.1.3 Global navigation satellite system 154
- 6.10.1.4 Electronic warfare 154
- 6.10.1.5 Digital battlefield 154
6.10.2 ARMAMENTS 154
- 6.10.2.1 Weapons and munitions 154
- 6.10.2.2 Firearms and ammunition 155
6.11 DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION 156
6.11.1 ADVANCED 156
- 6.11.1.1 Use cases 156
6.11.2 CONVENTIONAL 156
- 6.11.2.1 Use cases 156
6.12 DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION 157
6.12.1 MILITARY FORCES 157
- 6.12.1.1 British Army 157
- 6.12.1.2 Royal Navy 157
- 6.12.1.3 Royal Air Force 157
6.12.2 SPECIAL FORCES 157
- 6.12.2.1 Special Air Service 157
- 6.12.2.2 Special Boat Service 157
6.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 157
6.13.1 MILITARY EXPENSE 157
6.13.2 ADMIN EXPENSE 158
6.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 158
6.14.1 FOREIGN MILITARY SALES 158
6.14.2 INDIGENOUS SALES 158
6.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 159
6.15.1 COMPETITIVE LANDSCAPE 159
- 6.15.1.1 Company ranking analysis 159
- 6.15.1.2 Competitive benchmarking 159
6.15.2 PRIME CONTRACTORS 160
- 6.15.2.1 Babcock International Group PLC 160
- 6.15.2.1.1 Business overview 160
- 6.15.2.1.2 SWOT analysis 161
- 6.15.2.1.3 Recent developments 162
- 6.15.2.1.4 MnM view 162
- 6.15.2.2 BAE Systems plc 163
- 6.15.2.2.1 Business overview 163
- 6.15.2.2.2 SWOT analysis 164
- 6.15.2.2.3 Recent developments 164
- 6.15.2.2.4 MnM view 164
- 6.15.2.3 Lockheed Martin Corporation 165
- 6.15.2.1 Babcock International Group PLC 160
7 FRANCE DEFENSE BUDGET ANALYSIS 166
7.1 INTRODUCTION 166
7.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 170
7.3 REGULATORY AND POLICY LANDSCAPE 171
7.4 IMPACT OF MEGATRENDS 171
7.5 TECHNOLOGY TRENDS 172
7.5.1 FUTURE COMBAT AIR SYSTEM 172
7.5.2 CYBERSECURITY AND INFORMATION WARFARE 172
7.6 TREND INDICATORS 173
7.6.1 MACRO 173
- 7.6.1.1 GDP and defense budget share (%) of GDP 173
- 7.6.1.2 Geopolitical intensity/external disputes 174
- 7.6.1.3 Development index 174
- 7.6.1.4 Terrorism index 174
- 7.6.1.5 Recession impact analysis 174
7.6.2 MICRO 175
- 7.6.2.1 Military strength/recruitment 175
- 7.6.2.2 Military modernization 175
- 7.6.2.3 Soldier welfare 176
7.7 EXPORT AND IMPORT/TRADE ANALYSIS 176
7.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 177
7.8.1 MILITARY 177
- 7.8.1.1 French Army 177
- 7.8.1.2 French Navy 177
- 7.8.1.3 French Air and Space Force 177
7.8.2 HOMELAND SECURITY 177
- 7.8.2.1 Ministry of the Interior 177
- 7.8.2.2 National Police 177
- 7.8.2.3 Gendarmerie Nationale 177
- 7.8.2.4 General Directorate for Internal Security 178
- 7.8.2.5 General Directorate of Foreign Security 178
- 7.8.2.6 Directorate-General for Civil Protection and Crisis Management 178
7.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 178
7.9.1 LAND 178
7.9.2 AIRBORNE 179
7.9.3 NAVAL 180
7.9.4 SPACE 181
7.9.5 CYBER 182
7.10 DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION 182
7.10.1 ELECTRONICS 182
- 7.10.1.1 Intelligence, surveillance, and reconnaissance 182
- 7.10.1.2 Communication, navigation, and surveillance 183
- 7.10.1.3 Global navigation satellite system 183
- 7.10.1.4 Electronic warfare 184
- 7.10.1.5 Digital battlefield 184
7.10.2 ARMAMENTS 185
- 7.10.2.1 Weapons and munitions 185
- 7.10.2.2 Firearms and ammunition 185
7.11 DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION 186
7.11.1 ADVANCED 186
- 7.11.1.1 Use cases 186
7.11.2 CONVENTIONAL 187
- 7.11.2.1 Use cases 187
7.12 DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION 188
7.12.1 MILITARY FORCES 188
- 7.12.1.1 Army 188
- 7.12.1.2 Navy 188
- 7.12.1.3 Air and Space Force 188
- 7.12.1.4 Gendarmerie 188
7.12.2 SPECIAL FORCES 188
7.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 189
7.13.1 MILITARY EXPENSE 189
7.13.2 ADMIN EXPENSE 189
7.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 190
7.14.1 FOREIGN MILITARY SALES 190
7.14.2 INDIGENOUS SALES 190
7.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 191
7.15.1 COMPETITIVE LANDSCAPE 191
- 7.15.1.1 Company ranking analysis 191
- 7.15.1.2 Competitive benchmarking 191
7.15.2 PRIME CONTRACTORS 192
- 7.15.2.1 Airbus SE 192
- 7.15.2.1.1 Business overview 192
- 7.15.2.1.2 SWOT analysis 193
- 7.15.2.1.3 Recent developments 194
- 7.15.2.1.4 MnM view 194
- 7.15.2.2 Safran SA 195
- 7.15.2.2.1 Business overview 195
- 7.15.2.2.2 SWOT analysis 196
- 7.15.2.2.3 Recent Developments 197
- 7.15.2.2.4 MnM View 198
- 7.15.2.3 Thales SA 198
- 7.15.2.3.1 Business overview 198
- 7.15.2.3.2 SWOT analysis 199
- 7.15.2.3.3 Recent developments 200
- 7.15.2.3.4 MnM view 200
- 7.15.2.1 Airbus SE 192
8 GERMANY DEFENSE BUDGET ANALYSIS 201
8.1 INTRODUCTION 201
8.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 205
8.3 REGULATORY AND POLICY LANDSCAPE 206
8.4 IMPACT OF MEGATRENDS 206
8.5 TECHNOLOGY TRENDS 207
8.5.1 NETWORK-CENTRIC WARFARE 207
8.5.2 ADVANCED SENSORS AND SURVEILLANCE 207
8.6 TREND INDICATORS 208
8.6.1 MACRO 208
- 8.6.1.1 GDP and defense budget share (%) of GDP 208
- 8.6.1.2 Geopolitical intensity/external disputes 208
- 8.6.1.3 Development index 209
- 8.6.1.4 Terrorism index 209
- 8.6.1.5 Recession impact analysis 209
8.6.2 MICRO 209
- 8.6.2.1 Military strength/recruitment 209
- 8.6.2.2 Military modernization 209
- 8.6.2.3 Soldier welfare 210
8.7 EXPORT AND IMPORT/TRADE ANALYSIS 210
8.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 211
8.8.1 MILITARY 211
- 8.8.1.1 Army 211
- 8.8.1.2 Navy 211
- 8.8.1.3 Air Force 211
- 8.8.1.4 Joint Support Service 211
- 8.8.1.5 Cyber and Information Domain Service 211
- 8.8.1.6 Medical Service 211
- 8.8.1.7 Military Police 211
8.8.2 HOMELAND SECURITY 212
- 8.8.2.1 Federal Police 212
- 8.8.2.2 Federal Criminal Police Office 212
- 8.8.2.3 State Police 212
- 8.8.2.4 Federal Office for the Protection of the Constitution 212
- 8.8.2.5 Federal Agency for Technical Relief 212
- 8.8.2.6 Customs Administration 212
8.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 212
8.9.1 LAND 212
8.9.2 AIRBORNE 213
8.9.3 NAVAL 214
8.9.4 SPACE 215
8.9.5 CYBER 216
8.10 DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION 216
8.10.1 ELECTRONICS 216
- 8.10.1.1 Intelligence, surveillance, and reconnaissance 216
- 8.10.1.2 Communication, navigation, and surveillance 217
- 8.10.1.3 Global navigation satellite system 217
- 8.10.1.4 Electronic warfare 217
- 8.10.1.5 Digital battlefield 218
8.10.2 ARMAMENTS 218
- 8.10.2.1 Weapons and munitions 218
- 8.10.2.2 Firearms and ammunition 218
8.11 DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION 220
8.11.1 ADVANCED 220
- 8.11.1.1 Use cases 220
8.11.2 CONVENTIONAL 220
- 8.11.2.1 Use cases 220
8.12 DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION 221
8.12.1 MILITARY FORCES 221
- 8.12.1.1 German Army 221
- 8.12.1.2 German Navy 221
- 8.12.1.3 German Air Force 221
- 8.12.1.4 Joint Support Service 221
- 8.12.1.5 Cyber and Information Domain Service 221
8.12.2 SPECIAL FORCES 221
8.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 222
8.13.1 MILITARY EXPENSE 222
8.13.2 ADMIN EXPENSE 222
8.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 222
8.14.1 FOREIGN MILITARY SALES 222
8.14.2 INDIGENOUS SALES 222
8.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 223
8.15.1 COMPETITIVE LANDSCAPE 223
- 8.15.1.1 Company ranking analysis 223
- 8.15.1.2 Competitive benchmarking 223
8.15.2 PRIME CONTRACTORS 223
- 8.15.2.1 Rheinmetall AG 223
- 8.15.2.1.1 Business overview 223
- 8.15.2.1.2 SWOT analysis 225
- 8.15.2.1.3 Recent developments 225
- 8.15.2.1.4 MnM view 226
- 8.15.2.2 Leonardo SpA 226
- 8.15.2.2.1 Business overview 226
- 8.15.2.2.2 SWOT analysis 227
- 8.15.2.2.3 Recent developments 228
- 8.15.2.2.4 MnM view 228
- 8.15.2.3 Thales SA 229
- 8.15.2.1 Rheinmetall AG 223
9 RUSSIA DEFENSE BUDGET ANALYSIS 230
9.1 INTRODUCTION 230
9.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 233
9.3 REGULATORY AND POLICY LANDSCAPE 234
9.4 IMPACT OF MEGATRENDS 235
9.5 TECHNOLOGY TRENDS 235
9.5.1 ASYMMETRIC FORCE-MULTIPLIER TECHNOLOGIES 235
9.5.2 HYPERSONIC MISSILES 236
9.6 TREND INDICATORS 236
9.6.1 MACRO 236
- 9.6.1.1 GDP and defense budget share (%) of GDP 236
- 9.6.1.2 Geopolitical intensity/external disputes 236
- 9.6.1.3 Development index 237
- 9.6.1.4 Terrorism index 237
- 9.6.1.5 Recession impact analysis 237
9.6.2 MICRO 238
- 9.6.2.1 Military strength/recruitment 238
- 9.6.2.2 Military modernization 238
- 9.6.2.3 Soldier welfare 238
9.7 EXPORT AND IMPORT/TRADE ANALYSIS 239
9.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 239
9.8.1 MILITARY 239
- 9.8.1.1 Ministry of Defense 239
- 9.8.1.2 Ground Forces 239
- 9.8.1.3 Navy 239
- 9.8.1.4 Aerospace Forces 239
- 9.8.1.5 Strategic Missile Troops 239
- 9.8.1.6 Airborne Troops 240
- 9.8.1.7 Space Forces 240
9.8.2 HOMELAND SECURITY 240
- 9.8.2.1 Federal Security Service 240
- 9.8.2.2 Ministry of Internal Affairs 240
- 9.8.2.3 National Guard of Russia 240
- 9.8.2.4 Ministry of Emergency Situations 240
- 9.8.2.5 Border Guard Service 240
- 9.8.2.6 Federal Protective Service 240
9.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 241
9.9.1 LAND 241
9.9.2 AIRBORNE 242
9.9.3 NAVAL 243
9.9.4 SPACE 244
9.9.5 CYBER 244
9.10 DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION 245
9.10.1 ELECTRONICS 245
- 9.10.1.1 Intelligence, surveillance, and reconnaissance 245
- 9.10.1.2 Communication, navigation, and surveillance 245
- 9.10.1.3 Global navigation satellite system 246
- 9.10.1.4 Electronic warfare 246
- 9.10.1.5 Digital battlefield 247
9.10.2 ARMAMENTS 247
- 9.10.2.1 Weapons and munitions 247
- 9.10.2.2 Firearms and ammunition 248
9.11 DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION 249
9.11.1 ADVANCED 249
- 9.11.1.1 Use cases 249
9.11.2 CONVENTIONAL 250
- 9.11.2.1 Use cases 250
9.12 DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION 250
9.12.1 MILITARY FORCES 250
- 9.12.1.1 Russian Armed Forces 250
- 9.12.1.2 Russian Ground Forces 250
- 9.12.1.3 Russian Navy 250
- 9.12.1.4 Russian Aerospace Forces 250
- 9.12.1.5 Strategic Missile Troops 250
- 9.12.1.6 Russian Airborne Troops 250
9.12.2 SPECIAL FORCES 251
9.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 251
9.13.1 MILITARY EXPENSE 251
9.13.2 ADMIN EXPENSE 252
9.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 252
9.14.1 FOREIGN MILITARY SALES 252
9.14.2 INDIGENOUS SALES 252
9.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 253
9.15.1 COMPETITIVE LANDSCAPE 253
- 9.15.1.1 Company ranking analysis 253
- 9.15.1.2 Competitive benchmarking 253
9.15.2 PRIME CONTRACTORS 254
- 9.15.2.1 UralVagonZavod (UVZ) 254
- 9.15.2.1.1 Business overview 254
- 9.15.2.1.2 SWOT analysis 254
- 9.15.2.1.3 Recent developments 255
- 9.15.2.1.4 MnM view 255
- 9.15.2.2 United Aircraft Corporation (UAC) 256
- 9.15.2.2.1 Business overview 256
- 9.15.2.2.2 SWOT analysis 256
- 9.15.2.2.3 Recent developments 257
- 9.15.2.2.4 MnM view 257
- 9.15.2.3 United Shipbuilding Corporation (USC) 258
- 9.15.2.3.1 Business overview 258
- 9.15.2.3.2 SWOT analysis 258
- 9.15.2.3.3 Recent Developments 259
- 9.15.2.3.4 MnM view 259
- 9.15.2.1 UralVagonZavod (UVZ) 254
10 ITALY DEFENSE BUDGET ANALYSIS 260
10.1 INTRODUCTION 260
10.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 264
10.3 REGULATORY AND POLICY LANDSCAPE 265
10.4 IMPACT OF MEGATRENDS 265
10.5 TECHNOLOGY TRENDS 266
10.5.1 CYBER DEFENSE 266
10.5.2 DIRECTED ENERGY WEAPONS 266
10.6 TREND INDICATORS 267
10.6.1 MACRO 267
- 10.6.1.1 GDP and defense budget share (%) of GDP 267
- 10.6.1.2 Geopolitical intensity/external disputes 267
- 10.6.1.3 Development index 267
- 10.6.1.4 Terrorism index 267
- 10.6.1.5 Recession impact analysis 267
10.6.2 MICRO 268
- 10.6.2.1 Military strength/recruitment 268
- 10.6.2.2 Military modernization 268
- 10.6.2.3 Soldier welfare 268
10.7 EXPORT AND IMPORT/TRADE ANALYSIS 269
10.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 270
10.8.1 MILITARY 270
- 10.8.1.1 Italian Army (Esercito Italiano) 270
- 10.8.1.2 Italian Navy (Marina Militare) 270
- 10.8.1.3 Italian Air Force (Aeronautica Militare) 270
- 10.8.1.4 Carabinieri 270
10.8.2 HOMELAND SECURITY 270
- 10.8.2.1 Ministry of Interior (Ministero dell'Interno) 270
- 10.8.2.2 State Police (Polizia di Stato) 270
- 10.8.2.3 Guardia di Finanza 270
- 10.8.2.4 Customs and Border Protection (Agenzia delle Dogane e dei Monopoli) 270
- 10.8.2.5 Civil Protection Department (Dipartimento della Protezione Civile) 271
- 10.8.2.6 Intelligence and Security Services 271
10.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 271
10.9.1 LAND 271
10.9.2 AIRBORNE 272
10.9.3 NAVAL 273
10.9.4 SPACE 274
10.9.5 CYBER 275
10.10 DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION 276
10.10.1 ELECTRONICS 276
- 10.10.1.1 Intelligence, surveillance, and reconnaissance 276
- 10.10.1.2 Communication, navigation, and surveillance 276
- 10.10.1.3 Global navigation satellite system 276
- 10.10.1.4 Electronic warfare 277
- 10.10.1.5 Digital battlefield 277
10.10.2 ARMAMENTS 277
- 10.10.2.1 Weapons and munitions 277
- 10.10.2.2 Firearms and ammunition 277
10.11 DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION 279
10.11.1 ADVANCED 279
- 10.11.1.1 Use cases 279
10.11.2 CONVENTIONAL 279
- 10.11.2.1 Use cases 279
10.12 DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION 279
10.12.1 MILITARY FORCES 279
10.12.2 SPECIAL FORCES 280
10.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 280
10.13.1 MILITARY EXPENSE 280
10.13.2 ADMIN EXPENSE 280
10.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 280
10.14.1 FOREIGN MILITARY SALES 280
10.14.2 INDIGENOUS SALES 281
10.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 281
10.15.1 COMPETITIVE LANDSCAPE 281
- 10.15.1.1 Company ranking analysis 281
- 10.15.1.2 Competitive benchmarking 282
10.15.2 PRIME CONTRACTORS 282
- 10.15.2.1 Northrop Grumman Corporation 282
- 10.15.2.2 Leonardo SpA 282
- 10.15.2.2.1 Business overview 282
- 10.15.2.2.2 SWOT analysis 283
- 10.15.2.2.3 Recent developments 284
- 10.15.2.2.4 MnM view 285
- 10.15.2.3 Thales SA 285
11 CHINA DEFENSE BUDGET ANALYSIS 286
11.1 INTRODUCTION 286
11.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 290
11.3 REGULATORY AND POLICY LANDSCAPE 291
11.4 IMPACT OF MEGATRENDS 292
11.5 TECHNOLOGY TRENDS 292
11.5.1 ARTIFICIAL INTELLIGENCE 292
11.5.2 SWARMING MUNITIONS 293
11.6 TREND INDICATORS 294
11.6.1 MACRO 294
- 11.6.1.1 GDP and defense budget share (%) of GDP 294
- 11.6.1.2 Geopolitical intensity/external disputes 294
- 11.6.1.3 Development index 295
- 11.6.1.4 Terrorism index 295
- 11.6.1.5 Recession impact analysis 295
11.6.2 MICRO 295
- 11.6.2.1 Military strength/recruitment 295
- 11.6.2.2 Military modernization 296
- 11.6.2.3 Soldier welfare 296
11.7 EXPORT AND IMPORT/TRADE ANALYSIS 296
11.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 297
11.8.1 MILITARY 297
- 11.8.1.1 Central Military Commission 297
- 11.8.1.2 People's Liberation Army 297
- 11.8.1.3 Ground Force 297
- 11.8.1.4 Navy 297
- 11.8.1.5 Air Force 297
- 11.8.1.6 Rocket Force 298
- 11.8.1.7 Strategic Support Force 298
11.8.2 HOMELAND SECURITY 298
- 11.8.2.1 Ministry of Public Security 298
- 11.8.2.2 People's Armed Police 298
- 11.8.2.3 State Administration for Market Regulation 298
- 11.8.2.4 State Administration of Work Safety 298
- 11.8.2.5 National Administration of State Secrets Protection 298
- 11.8.2.6 Ministry of State Security 298
11.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 299
11.9.1 LAND 299
11.9.2 AIRBORNE 300
11.9.3 NAVAL 301
11.9.4 SPACE 302
11.9.5 CYBER 303
11.10 DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION 303
11.10.1 ELECTRONICS 303
- 11.10.1.1 Intelligence, surveillance, and reconnaissance 303
- 11.10.1.2 Communication, navigation, and surveillance 303
- 11.10.1.3 Global navigation satellite system 304
- 11.10.1.4 Electronic warfare 304
- 11.10.1.5 Digital battlefield 305
11.10.2 ARMAMENTS 305
- 11.10.2.1 Weapons and munitions 305
- 11.10.2.2 Firearms and ammunition 305
11.11 DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION 307
11.11.1 ADVANCED 307
- 11.11.1.1 Use cases 307
11.11.2 CONVENTIONAL 307
- 11.11.2.1 Use cases 307
11.12 DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION 308
11.12.1 MILITARY FORCES 308
- 11.12.1.1 PLA Army 308
- 11.12.1.2 PLA Navy 308
- 11.12.1.3 PLA Air Force 308
- 11.12.1.4 Rocket Force 308
- 11.12.1.5 Strategic Support Force 308
- 11.12.1.6 People's Armed Police 308
11.12.2 SPECIAL FORCES 308
- 11.12.2.1 Special Operations Forces 308
- 11.12.2.2 Navy Marine Corps 308
- 11.12.2.3 Air Force Special Operations Forces 309
- 11.12.2.4 Reconnaissance Units 309
- 11.12.2.5 Snow Leopard Commando Unit 309
- 11.12.2.6 Night Tiger Commando Unit 309
11.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 309
11.13.1 MILITARY EXPENSE 309
11.13.2 ADMIN EXPENSE 310
11.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 310
11.14.1 FOREIGN MILITARY SALES 310
11.14.2 INDIGENOUS SALES 310
11.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 311
11.15.1 COMPETITIVE LANDSCAPE 311
- 11.15.1.1 Company ranking analysis 311
- 11.15.1.2 Competitive benchmarking 311
11.15.2 PRIME CONTRACTORS 312
- 11.15.2.1 AVIC Shenyang Aircraft Co., Ltd 312
- 11.15.2.1.1 Business overview 312
- 11.15.2.1.2 SWOT analysis 312
- 11.15.2.1.3 Recent developments 313
- 11.15.2.1.4 MnM view 313
- 11.15.2.2 AECC Aviation Power Co. Ltd 314
- 11.15.2.2.1 Business overview 314
- 11.15.2.2.2 SWOT analysis 314
- 11.15.2.2.3 Recent developments 315
- 11.15.2.2.4 MnM view 315
- 11.15.2.3 China CSSC Holdings Ltd 316
- 11.15.2.3.1 Business overview 316
- 11.15.2.3.2 SWOT Analysis 316
- 11.15.2.3.3 Recent developments 317
- 11.15.2.3.4 MnM view 317
- 11.15.2.1 AVIC Shenyang Aircraft Co., Ltd 312
12 INDIA DEFENSE BUDGET ANALYSIS 318
12.1 INTRODUCTION 318
12.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 322
12.3 REGULATORY AND POLICY LANDSCAPE 323
12.4 IMPACT OF MEGATRENDS 324
12.5 TECHNOLOGY TRENDS 324
12.5.1 HYPERSONIC WEAPONS 324
12.5.2 ANTI-SATELLITE MISSILES 325
12.6 TREND INDICATORS 325
12.6.1 MACRO 325
- 12.6.1.1 GDP and defense budget share (%) of GDP 325
- 12.6.1.2 Geopolitical intensity/external disputes 326
- 12.6.1.3 Development index 326
- 12.6.1.4 Terrorism index 326
- 12.6.1.5 Recession impact analysis 326
12.6.2 MICRO 327
- 12.6.2.1 Military strength/recruitment 327
- 12.6.2.2 Military modernization 327
- 12.6.2.3 Soldier welfare 328
12.7 EXPORT AND IMPORT/TRADE ANALYSIS 328
12.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 329
12.8.1 MILITARY 329
- 12.8.1.1 Ministry of Defence (MOD) 329
- 12.8.1.2 Indian Army 329
- 12.8.1.3 Indian Navy 329
- 12.8.1.4 Indian Air Force 329
- 12.8.1.5 Defence Research and Development Organization (DRDO) 329
- 12.8.1.6 Defence Acquisition Council (DAC) 329
- 12.8.1.7 Integrated Defence Staff (IDS) 329
12.8.2 HOMELAND SECURITY 329
- 12.8.2.1 Ministry of Home Affairs 329
- 12.8.2.2 Central Reserve Police Force 329
- 12.8.2.3 Border Security Force 330
- 12.8.2.4 Central Industrial Security Force 330
- 12.8.2.5 National Security Guard 330
- 12.8.2.6 Intelligence Bureau 330
- 12.8.2.7 National Investigation Agency 330
- 12.8.2.8 State Police Departments 330
12.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 330
12.9.1 LAND 330
12.9.2 AIRBORNE 331
12.9.3 NAVAL 332
12.9.4 SPACE 333
12.9.5 CYBER 334
12.10 DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION 335
12.10.1 ELECTRONICS 335
- 12.10.1.1 Intelligence, surveillance, and reconnaissance 335
- 12.10.1.2 Communication, navigation, and surveillance 335
- 12.10.1.3 Global navigation satellite system 336
- 12.10.1.4 Electronic warfare 336
- 12.10.1.5 Digital battlefield 337
12.10.2 ARMAMENTS 337
- 12.10.2.1 Weapons and munitions 337
- 12.10.2.2 Firearms and ammunition 337
12.11 DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION 339
12.11.1 ADVANCED 339
- 12.11.1.1 Use cases 339
12.11.2 CONVENTIONAL 339
- 12.11.2.1 Use cases 339
12.12 DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION 340
12.12.1 MILITARY FORCES 340
- 12.12.1.1 Indian Army 340
- 12.12.1.2 Indian Navy 340
- 12.12.1.3 Indian Air Force 340
- 12.12.1.4 Indian Coast Guard 340
12.12.2 SPECIAL FORCES 340
- 12.12.2.1 Para 340
- 12.12.2.2 MARCOS 341
- 12.12.2.3 Garud Commando Force 341
- 12.12.2.4 National Security Guard 341
12.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 341
12.13.1 MILITARY EXPENSE 341
12.13.2 ADMIN EXPENSE 341
12.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 342
12.14.1 FOREIGN MILITARY SALES 342
12.14.2 INDIGENOUS SALES 342
12.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 343
12.15.1 COMPETITIVE LANDSCAPE 343
- 12.15.1.1 Company ranking analysis 343
- 12.15.1.2 Competitive benchmarking 343
12.15.2 PRIME CONTRACTORS 344
- 12.15.2.1 Bharat Dynamics Ltd 344
- 12.15.2.1.1 Business overview 344
- 12.15.2.1.2 SWOT analysis 345
- 12.15.2.1.3 Recent developments 346
- 12.15.2.1.4 MnM view 346
- 12.15.2.2 Bharat Electronics Ltd 346
- 12.15.2.2.1 Business overview 346
- 12.15.2.2.2 SWOT analysis 347
- 12.15.2.2.3 Recent developments 348
- 12.15.2.2.4 MnM view 348
- 12.15.2.3 Hindustan Aeronautics Ltd 349
- 12.15.2.3.1 Business overview 349
- 12.15.2.3.2 SWOT analysis 350
- 12.15.2.3.3 Recent developments 351
- 12.15.2.3.4 MnM view 351
- 12.15.2.1 Bharat Dynamics Ltd 344
13 JAPAN DEFENSE BUDGET ANALYSIS 352
13.1 INTRODUCTION 352
13.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 356
13.3 REGULATORY AND POLICY LANDSCAPE 356
13.4 IMPACT OF MEGATRENDS 357
13.5 TECHNOLOGY TRENDS 357
13.5.1 LONG-RANGE MISSILES 357
13.5.2 HIGH-POWER MICROWAVE 358
13.6 TREND INDICATORS 358
13.6.1 MACRO 358
- 13.6.1.1 GDP and defense budget share (%) of GDP 358
- 13.6.1.2 Geopolitical intensity/external disputes 358
- 13.6.1.3 Development index 359
- 13.6.1.4 Terrorism index 359
- 13.6.1.5 Recession impact analysis 359
13.6.2 MICRO 359
- 13.6.2.1 Military strength/recruitment 359
- 13.6.2.2 Military modernization 359
- 13.6.2.3 Soldier welfare 360
13.7 EXPORT AND IMPORT/TRADE ANALYSIS 360
13.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 361
13.8.1 MILITARY 361
- 13.8.1.1 Ministry of Defense 361
- 13.8.1.2 Defense Agency 361
- 13.8.1.3 Self-Defense Forces 361
- 13.8.1.4 National Security Council 361
- 13.8.1.5 National Defense Council 361
13.8.2 HOMELAND SECURITY 361
- 13.8.2.1 Ground Self-Defense Force 361
- 13.8.2.2 Maritime Self-Defense Force 362
- 13.8.2.3 Air Self-Defense Force 362
13.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 362
13.9.1 LAND 362
13.9.2 AIRBORNE 363
13.9.3 NAVAL 364
13.9.4 SPACE 365
13.9.5 CYBER 365
13.10 DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION 366
13.10.1 ELECTRONICS 366
- 13.10.1.1 Intelligence, surveillance, and reconnaissance 366
- 13.10.1.2 Communication, navigation, and surveillance 366
- 13.10.1.3 Global navigation satellite system 366
- 13.10.1.4 Electronic warfare 367
- 13.10.1.5 Digital battlefield 367
13.10.2 ARMAMENTS 367
- 13.10.2.1 Weapons and munitions 367
- 13.10.2.2 Firearms and ammunition 368
13.11 DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION 369
13.11.1 ADVANCED 369
- 13.11.1.1 Use cases 369
13.11.2 CONVENTIONAL 369
- 13.11.2.1 Use cases 369
13.12 DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION 370
13.12.1 MILITARY FORCES 370
13.12.2 SPECIAL FORCES 370
13.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 370
13.13.1 MILITARY EXPENSES 370
13.13.2 ADMIN EXPENSES 371
13.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 371
13.14.1 FOREIGN MILITARY SALES 371
13.14.2 INDIGENOUS SALES 371
13.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 372
13.15.1 COMPETITIVE LANDSCAPE 372
- 13.15.1.1 Company ranking analysis 372
- 13.15.1.2 Competitive benchmarking 372
13.15.2 PRIME CONTRACTORS 373
- 13.15.2.1 Kawasaki Heavy Industries, Ltd 373
- 13.15.2.1.1 Business overview 373
- 13.15.2.1.2 SWOT analysis 374
- 13.15.2.1.3 Recent developments 374
- 13.15.2.1.4 MnM view 374
- 13.15.2.2 Mitsubishi Heavy Industries, Ltd 375
- 13.15.2.2.1 Business overview 375
- 13.15.2.2.2 SWOT analysis 375
- 13.15.2.2.3 Recent developments 376
- 13.15.2.2.4 MnM view 376
- 13.15.2.3 NEC Corporation 377
- 13.15.2.3.1 Business overview 377
- 13.15.2.3.2 SWOT analysis 377
- 13.15.2.3.3 Recent developments 378
- 13.15.2.3.4 MnM view 378
- 13.15.2.1 Kawasaki Heavy Industries, Ltd 373
14 SOUTH KOREA DEFENSE BUDGET ANALYSIS 379
14.1 INTRODUCTION 379
14.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 383
14.3 REGULATORY AND POLICY LANDSCAPE 383
14.4 IMPACT OF MEGATRENDS 384
14.5 TECHNOLOGY TRENDS 384
14.5.1 HYPERSONIC PROPULSION PLATFORMS 384
14.5.2 INTERMEDIATE-RANGE BALLISTIC MISSILES 385
14.6 TREND INDICATORS 385
14.6.1 MACRO 385
- 14.6.1.1 GDP and defense budget share (%) of GDP 385
- 14.6.1.2 Geopolitical intensity/external disputes 385
- 14.6.1.3 Development index 386
- 14.6.1.4 Terrorism index 386
- 14.6.1.5 Recession impact analysis 386
14.6.2 MICRO 386
- 14.6.2.1 Military strength/recruitment 386
- 14.6.2.2 Military modernization 386
- 14.6.2.3 Soldier welfare 387
14.7 EXPORT AND IMPORT/TRADE ANALYSIS 387
14.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 388
14.8.1 MILITARY 388
- 14.8.1.1 Republic of Korea Army 388
- 14.8.1.2 Republic of Korea Navy 388
- 14.8.1.3 Republic of Korea Air Force 388
- 14.8.1.4 Republic of Korea Marine Corps 388
- 14.8.1.5 Defense Acquisition Program Administration 388
- 14.8.1.6 Joint Chiefs of Staff 388
14.8.2 HOMELAND SECURITY 388
- 14.8.2.1 Ministry of Interior and Safety 388
- 14.8.2.2 National Police Agency 389
- 14.8.2.3 Korea Coast Guard (KCG) 389
- 14.8.2.4 National Intelligence Service 389
- 14.8.2.5 Ministry of National Defense 389
14.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 389
14.9.1 LAND 389
14.9.2 AIRBORNE 390
14.9.3 NAVAL 391
14.9.4 SPACE 392
14.9.5 CYBER 393
14.10 DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION 393
14.10.1 ELECTRONICS 393
- 14.10.1.1 Intelligence, surveillance, and reconnaissance 393
- 14.10.1.2 Communication, navigation, and surveillance 394
- 14.10.1.3 Global navigation satellite system 394
- 14.10.1.4 Electronic warfare 394
- 14.10.1.5 Digital battlefield 394
14.10.2 ARMAMENTS 395
- 14.10.2.1 Weapons and munitions 395
- 14.10.2.2 Firearms and ammunition 395
14.11 DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION 396
14.11.1 ADVANCED 396
- 14.11.1.1 Use cases 396
14.11.2 CONVENTIONAL 397
- 14.11.2.1 Use cases 397
14.12 DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION 397
14.12.1 MILITARY FORCES 397
14.12.2 SPECIAL FORCES 397
14.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 398
14.13.1 MILITARY EXPENSE 398
14.13.2 ADMIN EXPENSE 398
14.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 399
14.14.1 FOREIGN MILITARY SALES 399
14.14.2 INDIGENOUS SALES 399
14.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 399
14.15.1 COMPETITIVE LANDSCAPE 399
- 14.15.1.1 Company ranking analysis 399
- 14.15.1.2 Competitive benchmarking 400
14.15.2 PRIME CONTRACTORS 400
- 14.15.2.1 Hyundai Rotem Co 400
- 14.15.2.1.1 Business overview 400
- 14.15.2.1.2 SWOT analysis 400
- 14.15.2.1.3 Recent developments 401
- 14.15.2.1.4 MnM view 401
- 14.15.2.2 Hanwha Corporation 402
- 14.15.2.2.1 Business overview 402
- 14.15.2.2.2 SWOT analysis 402
- 14.15.2.2.3 Recent developments 403
- 14.15.2.2.4 MnM view 403
- 14.15.2.3 Korea Aerospace Industries Ltd. (KAI) 403
- 14.15.2.3.1 Business overview 403
- 14.15.2.3.2 SWOT analysis 404
- 14.15.2.3.3 Recent developments 404
- 14.15.2.3.4 MnM view 405
- 14.15.2.1 Hyundai Rotem Co 400
15 AUSTRALIA DEFENSE BUDGET ANALYSIS 406
15.1 INTRODUCTION 406
15.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 410
15.3 REGULATORY AND POLICY LANDSCAPE 411
15.4 IMPACT OF MEGATRENDS 411
15.5 TECHNOLOGY TRENDS 412
15.5.1 SENSORS AND ANALYTICS 412
15.5.2 AUGMENTED REALITY AND VIRTUAL REALITY 412
15.6 TREND INDICATORS 412
15.6.1 MACRO 412
- 15.6.1.1 GDP and defense budget share (%) of GDP 412
- 15.6.1.2 Geopolitical intensity/external disputes 413
- 15.6.1.3 Development index 413
- 15.6.1.4 Terrorism index 413
- 15.6.1.5 Recession impact analysis 413
15.6.2 MICRO 414
- 15.6.2.1 Military strength/recruitment 414
- 15.6.2.2 Military modernization 414
- 15.6.2.3 Soldier welfare 414
15.7 EXPORT AND IMPORT/TRADE ANALYSIS 415
15.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 416
15.8.1 MILITARY 416
- 15.8.1.1 Department of Defense 416
- 15.8.1.2 Australian Defense Force 416
- 15.8.1.3 Australian Army 416
- 15.8.1.4 Royal Australian Navy 416
- 15.8.1.5 Royal Australian Air Force 416
- 15.8.1.6 Defense Science and Technology Group 416
- 15.8.1.7 Defense Materiel Organization 416
15.8.2 HOMELAND SECURITY 416
- 15.8.2.1 Department of Home Affairs 417
- 15.8.2.2 Australian Federal Police 417
- 15.8.2.3 Australian Security Intelligence Organization 417
- 15.8.2.4 Australian Border Force 417
- 15.8.2.5 Australian Security and Intelligence Review Agency 417
- 15.8.2.6 State and Territory Police Forces 417
15.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 417
15.9.1 LAND 417
15.9.2 AIRBORNE 418
15.9.3 NAVAL 419
15.9.4 SPACE 420
15.9.5 CYBER 421
15.10 DEFENSE BUDGET ANALYSIS, SYSTEM ALLOCATION 421
15.10.1 ELECTRONICS 421
- 15.10.1.1 Intelligence, surveillance, and reconnaissance 421
- 15.10.1.2 Communication, navigation, and surveillance 422
- 15.10.1.3 Global navigation satellite system 422
- 15.10.1.4 Electronic warfare 422
- 15.10.1.5 Digital battlefield 423
15.10.2 ARMAMENTS 423
- 15.10.2.1 Weapons and munitions 423
- 15.10.2.2 Firearms and ammunition 423
15.11 DEFENSE BUDGET ANALYSIS, TECHNOLOGY ALLOCATION 425
15.11.1 ADVANCED 425
- 15.11.1.1 Use cases 425
15.11.2 CONVENTIONAL 425
- 15.11.2.1 Use cases 425
15.12 DEFENSE BUDGET ANALYSIS, DOMAIN ALLOCATION 425
15.12.1 MILITARY FORCES 425
- 15.12.1.1 Australian Army 425
- 15.12.1.2 Royal Australian Navy 425
- 15.12.1.3 Royal Australian Air Force 425
15.12.2 SPECIAL FORCES 426
- 15.12.2.1 Special Air Service Regiment 426
- 15.12.2.2 2nd Commando Regiment 426
- 15.12.2.3 Incident Response Regiment 426
- 15.12.2.4 Tactical Assault Group (East and West) 426
15.13 DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE 426
15.13.1 MILITARY EXPENSE 426
15.13.2 ADMIN EXPENSE 426
15.14 DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD 427
15.14.1 FOREIGN MILITARY SAL 427
15.14.2 INDIGENOUS SALES 427
15.15 DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS 428
15.15.1 COMPETITIVE LANDSCAPE 428
- 15.15.1.1 Company ranking analysis 428
- 15.15.1.2 Competitive benchmarking 428
15.15.2 PRIME CONTRACTORS 429
- 15.15.2.1 BAE Systems Australia Ltd 429
- 15.15.2.1.1 Business overview 429
- 15.15.2.1.2 SWOT analysis 430
- 15.15.2.1.3 Recent developments 431
- 15.15.2.1.4 MnM view 431
- 15.15.2.2 Lockheed Martin Corporation 431
- 15.15.2.3 Thales SA 432
- 15.15.2.1 BAE Systems Australia Ltd 429
16 SAUDI ARABIA DEFENSE BUDGET ANALYSIS 433
16.1 INTRODUCTION 433
16.2 TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS 437
16.3 REGULATORY AND POLICY LANDSCAPE 437
16.4 IMPACT OF MEGATRENDS 438
16.5 TECHNOLOGY TRENDS 438
16.5.1 DIRECTED ENERGY WEAPONS 438
16.6 TREND INDICATORS 439
16.6.1 MACRO 439
- 16.6.1.1 GDP and defense budget share (%) of GDP 439
- 16.6.1.2 Geopolitical intensity/external disputes 439
- 16.6.1.3 Development index 439
- 16.6.1.4 Terrorism index 439
- 16.6.1.5 Recession impact analysis 439
16.6.2 MICRO 440
- 16.6.2.1 Military strength/recruitment 440
- 16.6.2.2 Military modernization 440
- 16.6.2.3 Soldier welfare 440
16.7 EXPORT AND IMPORT/TRADE ANALYSIS 440
16.8 DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION 441
16.8.1 MILITARY 441
- 16.8.1.1 Royal Saudi Land Forces 441
- 16.8.1.2 Royal Saudi Naval Forces 441
- 16.8.1.3 Royal Saudi Air Defense Forces 441
- 16.8.1.4 Royal Saudi Air Force 441
- 16.8.1.5 Royal Saudi Strategic Missile Force 441
- 16.8.1.6 Saudi Arabian National Guard 441
16.8.2 HOMELAND SECURITY 441
- 16.8.2.1 Ministry of Interior 441
- 16.8.2.2 General Directorate of Public Security 441
- 16.8.2.3 General Directorate of Border Guards 441
- 16.8.2.4 General Directorate of Civil Defense 441
- 16.8.2.5 General Directorate of Prisons 442
16.9 DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION 442
16.9.1 LAND 442
16.9.2 AIRBORNE 443
16.9.3 NAVAL 444
16.9.4 SPACE 444
16.9.5 CYBER 445