Defense

The defense industry will continue to face several challenges in 2024 as armed forces with limited financial resources worldwide will seek to modernize their equipment. Countering new threats, such as hypersonic missiles and unmanned loitering munitions, requires new operational thinking and technology advancements from the defense industry. This s...

16 Jun 2020  |  North America

Global Defence Outlook, 2020

Continuing High Global Tensions will Call for a Spike in Military Spending; However, the COVID-19 Induced Economic Recession will Severely Restrict Defence Budgets

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The defence outlook for 2020 will be driven primarily by a period of instability and high levels of tension due to various factors, including a global pandemic (Coronavirus 2019 or COVID-19), which will be explored by region in this research. The effects of COVID-19 on the defence industry are still to be fully understood. The impact will predomina...

25 May 2020  |  North America

Post-pandemic Growth Opportunity Analysis of the Defence Industry

Preparing for the Rebound

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The global defence spending was recorded at $1.8 trillion in 2018; the highest spending recorded, to date. The COVID-19 epidemic is likely to reduce defence spending as governments around the world allocate funds for both fighting the pandemic and reviving the economy. COVID-19 is a dual crisis—public health and economic downturn—unlike any oth...

14 Jul 2015  |  North America

2015 Global Defense Outlook

Revisiting the Cold War While Confronting Terrorism

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This research service focuses on global defense spending categories such as research, development, testing, and evaluation; procurement; operations and maintenance, and services. Global, regional, and specific program information for 25 countries is included. The global defense outlook comprises spending forecasts for 12 technology segments, includ...