US DoD 2024 Budget Assessment and Growth Opportunities

US DoD 2024 Budget Assessment and Growth Opportunities

Balancing the Need for Replenishing Basic Weapons and Ammunition with Developing Next-generation Capabilities

RELEASE DATE
05-May-2023
REGION
North America
Research Code: K8EE-01-00-00-00
SKU: AE01706-NA-MT_27625
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Description

This research service focuses on the US Department of Defense (DoD) 2024 spending requests for the research, development, test, and evaluation; procurement; and operations and maintenance categories. The analyst has segmented the budget request by the military department and 20 technology areas, including aircraft; ships; ground vehicles; and command and control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR). The base year for DoD budgets is 2022, and the market forecast is estimated from 2023 to 2028.

Frost & Sullivan included research, new purchases, and services for computers, healthcare, and base operations support. We also included classified budget requests but could not break them down into technology areas. Budget requests include base, overseas contingency operations, and emergency categories. Program segmentation and funding forecasts are made at the analyst’s discretion.

The purpose of this study is to discuss the 2024 DoD budget request. The market is mature and stable. This study will outline and provide commentary regarding budget trends. The main goals are to understand the current state of the DoD budget request, military operational trends driving the DoD market, commercial technology trends impacting DoD users, and the future objectives for DoD spending.

Author: Brad Curran

Table of Contents

Why is it Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the US Defense Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Purpose and Overview

US DoD Budget Assessment Segmentation

Growth Drivers

Growth Restraints

Top Line Budget Request

2024 Budget by Department

2024 Budget by Appropriation

Defense Technology Areas

2024 Program Funding by Technology Area

Top 10 Air Force/Space Force Programs

Top 10 Army Programs

Top 10 Joint Services Programs

Top 10 Navy/Marine Corps Programs

Conclusions and Future Outlook

Growth Opportunity 1: Research & Development

Growth Opportunity 1: Research & Development (continued)

Growth Opportunity 2: Procurement

Growth Opportunity 2: Procurement (continued)

Growth Opportunity 3: Operations & Maintenance

Growth Opportunity 3: Operations & Maintenance (continued)

List of Exhibits

Legal Disclaimer

This research service focuses on the US Department of Defense (DoD) 2024 spending requests for the research, development, test, and evaluation; procurement; and operations and maintenance categories. The analyst has segmented the budget request by the military department and 20 technology areas, including aircraft; ships; ground vehicles; and command and control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR). The base year for DoD budgets is 2022, and the market forecast is estimated from 2023 to 2028. Frost & Sullivan included research, new purchases, and services for computers, healthcare, and base operations support. We also included classified budget requests but could not break them down into technology areas. Budget requests include base, overseas contingency operations, and emergency categories. Program segmentation and funding forecasts are made at the analyst’s discretion. The purpose of this study is to discuss the 2024 DoD budget request. The market is mature and stable. This study will outline and provide commentary regarding budget trends. The main goals are to understand the current state of the DoD budget request, military operational trends driving the DoD market, commercial technology trends impacting DoD users, and the future objectives for DoD spending. Author: Brad Curran
More Information
Author Brad Curran
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Keyword 1 dod assessment
Keyword 2 budget of dod
Keyword 3 us dod budget
Podcast No
WIP Number K8EE-01-00-00-00