Global Defense Industry Strategic Research Report 2026-2031

Publication ID:

NAV1026004

Publication Date:

October 13, 2026

Pages:

244

Countries:

Global [1]

The global defense industry generated approximately USD 730 billion of revenue in 2025 and is projected to reach about USD 1,059 billion by 2031, a compound annual growth rate of 6.4%. The estimate is deliberately conservative, since it is anchored to the largest ranked producers and does not add unreported activity.

Demand is driven by record order books, higher European budgets, replenishment of munitions and air defense stocks, and rapid adoption of unmanned systems, space assets and electronic warfare. World military expenditure reached USD 2,887 billion in 2025, and prime contractors report multi-year backlogs that make near-term revenue largely contracted.

North America holds roughly half of industry revenue, followed by Europe and Asia Pacific. Europe is the fastest-growing major region as procurement budgets rise, while the Middle East expands through domestic champions and export programs. Missiles and munitions, unmanned systems, space and ammunition grow faster than the market; sustainment grows slower.

The report covers 45 companies across 27 named countries in five regions, with a full 2022 to 2031 value series for every platform type, mission application, region and country.

Scope of the Global Defense Industry Strategic Research Report

This report provides market sizing across platform and mission segments, regional and country splits, a competitive landscape of 45 profiled companies, and forecast analysis for 2025-2031.

Segment by Type

Combat, Transport and Mission Aircraft
Military Rotorcraft and Tiltrotor Systems
Missiles, Munitions and Air and Missile Defense Systems
Naval Ships, Submarines and Maritime Systems
Armored Vehicles, Artillery and Land Combat Systems
Ammunition, Small Arms and Ordnance
Military Space and Satellite Systems
Unmanned Systems and Counter-Drone Solutions
C4ISR, Radar and Electronic Warfare Systems
Cyber, Defense IT and Mission Software
Military Propulsion, Engines and Subsystems
Nuclear, Strategic and Deterrence Systems
Training, Simulation and Synthetic Environments
Sustainment, Maintenance and Logistics Services

Segment by Application

Air Power and Air Defense
Land Power and Ground Combat
Naval and Maritime Operations
Space and Strategic Deterrence
Intelligence, Surveillance and Reconnaissance
Command, Control, Communications and Cyber Operations
Training, Simulation and Readiness
Logistics, Sustainment and Support Services
Homeland Security, Border Protection and Special Operations

Who Can Use This Report?

Defense primes and tier-one suppliers planning portfolios; investors and lenders assessing backlog and capacity; government procurement and industrial policy teams; export-control and offset advisers; and new entrants in drones, space and electronic warfare.

1. Executive Summary
1. 1.1 Market Synopsis
2. 1.2 Key Findings
3. 1.3 Market Size Methodology and Estimate Reconciliation
2. Industry Overview & Forecast
1. 2.1.1 Market Definition and Scope
2. 2.1.2 Market Value Forecast, 2025-2031
3. 2.1.2.1 Demand Backdrop
4. 2.1.2.2 Regional Forecast
5. 2.1.2.3 Segment Forecast by Platform and Product Type
6. 2.1.2.4 Segment Forecast by Mission and End Use
7. 2.1.2.5 Company Landscape and Concentration Indicators
8. 2.1.3 Historical Market Review, 2022-2025
9. 2.1.4 Scenario Analysis (Base, Bull, Bear Cases)
10. 2.1.5 Data Quality and Interpretation Notes
3. Market Segmentation by Type
1. 3.1 Market Segmentation by Type
2. 3.1.1 Market by Type Overview
3. 3.1.2 Combat, Transport and Mission Aircraft
4. 3.1.3 Military Rotorcraft and Tiltrotor Systems
5. 3.1.4 Missiles, Munitions and Air and Missile Defense Systems
6. 3.1.5 Naval Ships, Submarines and Maritime Systems
7. 3.1.6 Armored Vehicles, Artillery and Land Combat Systems
8. 3.1.7 Ammunition, Small Arms and Ordnance
9. 3.1.8 Military Space and Satellite Systems
10. 3.1.9 Unmanned Systems and Counter-Drone Solutions
11. 3.1.10 C4ISR, Radar and Electronic Warfare Systems
12. 3.1.11 Cyber, Defense IT and Mission Software
13. 3.1.12 Military Propulsion, Engines and Subsystems
14. 3.1.13 Nuclear, Strategic and Deterrence Systems
15. 3.1.14 Training, Simulation and Synthetic Environments
16. 3.1.15 Sustainment, Maintenance and Logistics Services
4. Market Segmentation by Application
1. 4.1 Market Segmentation by Application
2. 4.1.1 Market by Application Overview
3. 4.1.2 Air Power and Air Defense
4. 4.1.3 Land Power and Ground Combat
5. 4.1.4 Naval and Maritime Operations
6. 4.1.5 Space and Strategic Deterrence
7. 4.1.6 Intelligence, Surveillance and Reconnaissance
8. 4.1.7 Command, Control, Communications and Cyber Operations
9. 4.1.8 Training, Simulation and Readiness
10. 4.1.9 Logistics, Sustainment and Support Services
11. 4.1.10 Homeland Security, Border Protection and Special Operations
12. 4.1.11 Application Outlook and Strategic Implications
5. Regional Market Forecast
1. 5.1 North America
2. 5.2 Europe
3. 5.3 Asia Pacific
4. 5.4 Middle East & Africa
5. 5.5 Latin America
6. Country-Level Market Forecast
1. 6.1 North America
2. 6.1.1 United States
3. 6.1.2 Canada
4. 6.2 Europe
5. 6.2.1 United Kingdom
6. 6.2.2 France
7. 6.2.3 Germany
8. 6.2.4 Italy
9. 6.2.5 Russia
10. 6.2.6 Sweden
11. 6.2.7 Czechia
12. 6.2.8 Norway
13. 6.2.9 Poland
14. 6.2.10 Spain
15. 6.2.11 Rest of Europe
16. 6.3 Asia Pacific
17. 6.3.1 China
18. 6.3.2 Japan
19. 6.3.3 South Korea
20. 6.3.4 India
21. 6.3.5 Taiwan
22. 6.3.6 Singapore
23. 6.3.7 Indonesia
24. 6.3.8 Australia
25. 6.3.9 Rest of Asia Pacific
26. 6.4 Middle East & Africa
27. 6.4.1 Israel
28. 6.4.2 Turkiye
29. 6.4.3 United Arab Emirates
30. 6.4.4 Saudi Arabia
31. 6.4.5 South Africa
32. 6.4.6 Rest of Middle East & Africa
33. 6.5 Latin America
34. 6.5.1 Brazil
35. 6.5.2 Mexico
36. 6.5.3 Rest of Latin America
7. Growth Drivers & Inhibitors
8. Key Company Profiles
1. 8.1 Lockheed Martin
2. 8.1.1 Company Overview
3. 8.1.2 Key Products & Segments
4. 8.1.3 Financial Performance (2023–2025)
5. 8.1.4 Business Strategy
6. 8.1.5 SWOT Analysis
7. 8.1.6 Strategic Implications (2025–2031)
8. 8.2 RTX
9. 8.2.1 Company Overview
10. 8.2.2 Key Products & Segments
11. 8.2.3 Financial Performance (2023–2025)
12. 8.2.4 Business Strategy
13. 8.2.5 SWOT Analysis
14. 8.2.6 Strategic Implications (2025–2031)
15. 8.3 Northrop Grumman
16. 8.3.1 Company Overview
17. 8.3.2 Key Products & Segments
18. 8.3.3 Financial Performance (2023–2025)
19. 8.3.4 Business Strategy
20. 8.3.5 SWOT Analysis
21. 8.3.6 Strategic Implications (2025–2031)
22. 8.4 BAE Systems
23. 8.4.1 Company Overview
24. 8.4.2 Key Products & Segments
25. 8.4.3 Financial Performance (2023–2025)
26. 8.4.4 Business Strategy
27. 8.4.5 SWOT Analysis
28. 8.4.6 Strategic Implications (2025–2031)
29. 8.5 General Dynamics
30. 8.5.1 Company Overview
31. 8.5.2 Key Products & Segments
32. 8.5.3 Financial Performance (2023–2025)
33. 8.5.4 Business Strategy
34. 8.5.5 SWOT Analysis
35. 8.5.6 Strategic Implications (2025–2031)
36. 8.6 Boeing
37. 8.6.1 Company Overview
38. 8.6.2 Key Products & Segments
39. 8.6.3 Financial Performance (2023–2025)
40. 8.6.4 Business Strategy
41. 8.6.5 SWOT Analysis
42. 8.6.6 Strategic Implications (2025–2031)
43. 8.7 L3Harris Technologies
44. 8.7.1 Company Overview
45. 8.7.2 Key Products & Segments
46. 8.7.3 Financial Performance (2023–2025)
47. 8.7.4 Business Strategy
48. 8.7.5 SWOT Analysis
49. 8.7.6 Strategic Implications (2025–2031)
50. 8.8 Leonardo
51. 8.8.1 Company Overview
52. 8.8.2 Key Products & Segments
53. 8.8.3 Financial Performance (2023–2025)
54. 8.8.4 Business Strategy
55. 8.8.5 SWOT Analysis
56. 8.8.6 Strategic Implications (2025–2031)
57. 8.9 Airbus (Defence and Space)
58. 8.9.1 Company Overview
59. 8.9.2 Key Products & Segments
60. 8.9.3 Financial Performance (2023–2025)
61. 8.9.4 Business Strategy
62. 8.9.5 SWOT Analysis
63. 8.9.6 Strategic Implications (2025–2031)
64. 8.10 Thales
65. 8.10.1 Company Overview
66. 8.10.2 Key Products & Segments
67. 8.10.3 Financial Performance (2023–2025)
68. 8.10.4 Business Strategy
69. 8.10.5 SWOT Analysis
70. 8.10.6 Strategic Implications (2025–2031)
71. 8.11 Huntington Ingalls Industries
72. 8.11.1 Company Overview
73. 8.11.2 Key Products & Segments
74. 8.11.3 Financial Performance (2023–2025)
75. 8.11.4 Business Strategy
76. 8.11.5 SWOT Analysis
77. 8.11.6 Strategic Implications (2025–2031)
78. 8.12 Rheinmetall
79. 8.12.1 Company Overview
80. 8.12.2 Key Products & Segments
81. 8.12.3 Financial Performance (2023–2025)
82. 8.12.4 Business Strategy
83. 8.12.5 SWOT Analysis
84. 8.12.6 Strategic Implications (2025–2031)
85. 8.13 Hanwha Aerospace
86. 8.13.1 Company Overview
87. 8.13.2 Key Products & Segments
88. 8.13.3 Financial Performance (2023–2025)
89. 8.13.4 Business Strategy
90. 8.13.5 SWOT Analysis
91. 8.13.6 Strategic Implications (2025–2031)
92. 8.14 Leidos
93. 8.14.1 Company Overview
94. 8.14.2 Key Products & Segments
95. 8.14.3 Financial Performance (2023–2025)
96. 8.14.4 Business Strategy
97. 8.14.5 SWOT Analysis
98. 8.14.6 Strategic Implications (2025–2031)
99. 8.15 Booz Allen Hamilton
100. 8.15.1 Company Overview
101. 8.15.2 Key Products & Segments
102. 8.15.3 Financial Performance (2023–2025)
103. 8.15.4 Business Strategy
104. 8.15.5 SWOT Analysis
105. 8.15.6 Strategic Implications (2025–2031)
106. 8.16 Rolls-Royce (Defence)
107. 8.16.1 Company Overview
108. 8.16.2 Key Products & Segments
109. 8.16.3 Financial Performance (2023–2025)
110. 8.16.4 Business Strategy
111. 8.16.5 SWOT Analysis
112. 8.16.6 Strategic Implications (2025–2031)
113. 8.17 CACI International
114. 8.17.1 Company Overview
115. 8.17.2 Key Products & Segments
116. 8.17.3 Financial Performance (2023–2025)
117. 8.17.4 Business Strategy
118. 8.17.5 SWOT Analysis
119. 8.17.6 Strategic Implications (2025–2031)
120. 8.18 Elbit Systems
121. 8.18.1 Company Overview
122. 8.18.2 Key Products & Segments
123. 8.18.3 Financial Performance (2023–2025)
124. 8.18.4 Business Strategy
125. 8.18.5 SWOT Analysis
126. 8.18.6 Strategic Implications (2025–2031)
127. 8.19 Saab
128. 8.19.1 Company Overview
129. 8.19.2 Key Products & Segments
130. 8.19.3 Financial Performance (2023–2025)
131. 8.19.4 Business Strategy
132. 8.19.5 SWOT Analysis
133. 8.19.6 Strategic Implications (2025–2031)
134. 8.20 Israel Aerospace Industries
135. 8.20.1 Company Overview
136. 8.20.2 Key Products & Segments
137. 8.20.3 Financial Performance (2023–2025)
138. 8.20.4 Business Strategy
139. 8.20.5 SWOT Analysis
140. 8.20.6 Strategic Implications (2025–2031)
141. 8.21 Mitsubishi Heavy Industries
142. 8.21.1 Company Overview
143. 8.21.2 Key Products & Segments
144. 8.21.3 Financial Performance (2023–2025)
145. 8.21.4 Business Strategy
146. 8.21.5 SWOT Analysis
147. 8.21.6 Strategic Implications (2025–2031)
148. 8.22 Rafael Advanced Defense Systems
149. 8.22.1 Company Overview
150. 8.22.2 Key Products & Segments
151. 8.22.3 Financial Performance (2023–2025)
152. 8.22.4 Business Strategy
153. 8.22.5 SWOT Analysis
154. 8.22.6 Strategic Implications (2025–2031)
155. 8.23 ASELSAN
156. 8.23.1 Company Overview
157. 8.23.2 Key Products & Segments
158. 8.23.3 Financial Performance (2023–2025)
159. 8.23.4 Business Strategy
160. 8.23.5 SWOT Analysis
161. 8.23.6 Strategic Implications (2025–2031)
162. 8.24 EDGE Group
163. 8.24.1 Company Overview
164. 8.24.2 Key Products & Segments
165. 8.24.3 Financial Performance (2023–2025)
166. 8.24.4 Business Strategy
167. 8.24.5 SWOT Analysis
168. 8.24.6 Strategic Implications (2025–2031)
169. 8.25 Dassault Aviation
170. 8.25.1 Company Overview
171. 8.25.2 Key Products & Segments
172. 8.25.3 Financial Performance (2023–2025)
173. 8.25.4 Business Strategy
174. 8.25.5 SWOT Analysis
175. 8.25.6 Strategic Implications (2025–2031)
176. 8.26 SAIC
177. 8.26.1 Company Overview
178. 8.26.2 Key Products & Segments
179. 8.26.3 Financial Performance (2023–2025)
180. 8.26.4 Business Strategy
181. 8.26.5 SWOT Analysis
182. 8.26.6 Strategic Implications (2025–2031)
183. 8.27 Hindustan Aeronautics
184. 8.27.1 Company Overview
185. 8.27.2 Key Products & Segments
186. 8.27.3 Financial Performance (2023–2025)
187. 8.27.4 Business Strategy
188. 8.27.5 SWOT Analysis
189. 8.27.6 Strategic Implications (2025–2031)
190. 8.28 Textron
191. 8.28.1 Company Overview
192. 8.28.2 Key Products & Segments
193. 8.28.3 Financial Performance (2023–2025)
194. 8.28.4 Business Strategy
195. 8.28.5 SWOT Analysis
196. 8.28.6 Strategic Implications (2025–2031)
197. 8.29 Fincantieri
198. 8.29.1 Company Overview
199. 8.29.2 Key Products & Segments
200. 8.29.3 Financial Performance (2023–2025)
201. 8.29.4 Business Strategy
202. 8.29.5 SWOT Analysis
203. 8.29.6 Strategic Implications (2025–2031)
204. 8.30 Kawasaki Heavy Industries
205. 8.30.1 Company Overview
206. 8.30.2 Key Products & Segments
207. 8.30.3 Financial Performance (2023–2025)
208. 8.30.4 Business Strategy
209. 8.30.5 SWOT Analysis
210. 8.30.6 Strategic Implications (2025–2031)
211. 8.31 ST Engineering
212. 8.31.1 Company Overview
213. 8.31.2 Key Products & Segments
214. 8.31.3 Financial Performance (2023–2025)
215. 8.31.4 Business Strategy
216. 8.31.5 SWOT Analysis
217. 8.31.6 Strategic Implications (2025–2031)
218. 8.32 Bharat Electronics
219. 8.32.1 Company Overview
220. 8.32.2 Key Products & Segments
221. 8.32.3 Financial Performance (2023–2025)
222. 8.32.4 Business Strategy
223. 8.32.5 SWOT Analysis
224. 8.32.6 Strategic Implications (2025–2031)
225. 8.33 LIG Nex1
226. 8.33.1 Company Overview
227. 8.33.2 Key Products & Segments
228. 8.33.3 Financial Performance (2023–2025)
229. 8.33.4 Business Strategy
230. 8.33.5 SWOT Analysis
231. 8.33.6 Strategic Implications (2025–2031)
232. 8.34 Hensoldt
233. 8.34.1 Company Overview
234. 8.34.2 Key Products & Segments
235. 8.34.3 Financial Performance (2023–2025)
236. 8.34.4 Business Strategy
237. 8.34.5 SWOT Analysis
238. 8.34.6 Strategic Implications (2025–2031)
239. 8.35 Oshkosh
240. 8.35.1 Company Overview
241. 8.35.2 Key Products & Segments
242. 8.35.3 Financial Performance (2023–2025)
243. 8.35.4 Business Strategy
244. 8.35.5 SWOT Analysis
245. 8.35.6 Strategic Implications (2025–2031)
246. 8.36 BWX Technologies
247. 8.36.1 Company Overview
248. 8.36.2 Key Products & Segments
249. 8.36.3 Financial Performance (2023–2025)
250. 8.36.4 Business Strategy
251. 8.36.5 SWOT Analysis
252. 8.36.6 Strategic Implications (2025–2031)
253. 8.37 Korea Aerospace Industries
254. 8.37.1 Company Overview
255. 8.37.2 Key Products & Segments
256. 8.37.3 Financial Performance (2023–2025)
257. 8.37.4 Business Strategy
258. 8.37.5 SWOT Analysis
259. 8.37.6 Strategic Implications (2025–2031)
260. 8.38 QinetiQ
261. 8.38.1 Company Overview
262. 8.38.2 Key Products & Segments
263. 8.38.3 Financial Performance (2023–2025)
264. 8.38.4 Business Strategy
265. 8.38.5 SWOT Analysis
266. 8.38.6 Strategic Implications (2025–2031)
267. 8.39 Curtiss-Wright
268. 8.39.1 Company Overview
269. 8.39.2 Key Products & Segments
270. 8.39.3 Financial Performance (2023–2025)
271. 8.39.4 Business Strategy
272. 8.39.5 SWOT Analysis
273. 8.39.6 Strategic Implications (2025–2031)
274. 8.40 Kongsberg Gruppen
275. 8.40.1 Company Overview
276. 8.40.2 Key Products & Segments
277. 8.40.3 Financial Performance (2023–2025)
278. 8.40.4 Business Strategy
279. 8.40.5 SWOT Analysis
280. 8.40.6 Strategic Implications (2025–2031)
281. 8.41 CAE
282. 8.41.1 Company Overview
283. 8.41.2 Key Products & Segments
284. 8.41.3 Financial Performance (2023–2025)
285. 8.41.4 Business Strategy
286. 8.41.5 SWOT Analysis
287. 8.41.6 Strategic Implications (2025–2031)
288. 8.42 Babcock International
289. 8.42.1 Company Overview
290. 8.42.2 Key Products & Segments
291. 8.42.3 Financial Performance (2023–2025)
292. 8.42.4 Business Strategy
293. 8.42.5 SWOT Analysis
294. 8.42.6 Strategic Implications (2025–2031)
295. 8.43 Kratos Defense & Security Solutions
296. 8.43.1 Company Overview
297. 8.43.2 Key Products & Segments
298. 8.43.3 Financial Performance (2023–2025)
299. 8.43.4 Business Strategy
300. 8.43.5 SWOT Analysis
301. 8.43.6 Strategic Implications (2025–2031)
302. 8.44 AeroVironment
303. 8.44.1 Company Overview
304. 8.44.2 Key Products & Segments
305. 8.44.3 Financial Performance (2023–2025)
306. 8.44.4 Business Strategy
307. 8.44.5 SWOT Analysis
308. 8.44.6 Strategic Implications (2025–2031)
309. 8.45 Embraer
310. 8.45.1 Company Overview
311. 8.45.2 Key Products & Segments
312. 8.45.3 Financial Performance (2023–2025)
313. 8.45.4 Business Strategy
314. 8.45.5 SWOT Analysis
315. 8.45.6 Strategic Implications (2025–2031)
9. Competitive Landscape
1. 9.1 Competitive Landscape Overview
2. 9.2 Competitive Intensity Assessment
3. 9.2.1 Tier Structure
4. 9.2.2 Capacity versus Demand
5. 9.2.3 Pricing Environment
6. 9.2.4 Barriers to Entry and Exit
7. 9.3 Key Player Strategies & Positioning
8. 9.3.1 Strategic Group Map
9. 9.3.2 Differentiation Strategies
10. 9.3.3 Geographic Strongholds
11. 9.3.4 M&A and Partnership Activity (2022–Present)
12. 9.3.5 R&D and Technology Investment Trends
13. 9.4 Competitive Dynamics & Strategic Outlook
14. 9.4.1 Emerging Competitive Threats
15. 9.4.2 Consolidation versus Fragmentation
16. 9.4.3 Competitive Response Matrix
17. 9.4.4 Strategic Recommendations, 2025-2031
10. Porter's Five Forces Analysis
1. 10.1 Threat of New Entrants
2. 10.2 Bargaining Power of Buyers
3. 10.3 Bargaining Power of Suppliers
4. 10.4 Threat of Substitutes
5. 10.5 Competitive Rivalry
11. PESTLE Analysis
12. SWOT Analysis
13. Future Trends & Outlook
1. 13.1 Munitions and Air Defense Scale-Up
2. 13.1.1 Production Capacity as the Binding Constraint
3. 13.1.2 Layered and Integrated Air Defense Demand
4. 13.1.3 Allied Co-Production and Localization
5. 13.2 Autonomy, Drones and Counter-Drone Systems
6. 13.2.1 Attritable and Collaborative Platforms
7. 13.2.2 Counter-Unmanned Aircraft Systems
8. 13.2.3 Artificial Intelligence and Software-Defined Capability
9. 13.2.4 Regulatory and Ethical Considerations
10. 13.3 Space and Electronic Warfare
11. 13.3.1 Military Space
12. 13.3.2 Electronic Warfare and Spectrum Operations
13. 13.3.3 Convergence Across Domains
14. 13.4 Long-Term Market Outlook (2032-2035)
15. 13.4.1 Base Case
16. 13.4.2 Upside Considerations
17. 13.4.3 Downside Considerations
18. 13.4.4 Structural Shifts to Monitor
19. 13.5 Investment & M&A Activity Outlook
20. 13.5.1 Drivers of Transaction Activity
21. 13.5.2 Private Capital and Non-Traditional Entrants
22. 13.5.3 Regulatory and Execution Considerations
23. 13.5.4 Outlook
24. 13.6 Summary of Key Outlook Implications

List of Exhibits:

2.1 Exhibit 2.1: Forecast of Global (in USD Bn)
2.2 Exhibit 2.2: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
2.3 Exhibit 2.3: Forecast of North America (in USD Bn)
2.4 Exhibit 2.4: Forecast of Europe (in USD Bn)
2.5 Exhibit 2.5: Forecast of Asia Pacific (in USD Bn)
2.6 Exhibit 2.6: Forecast of Middle East & Africa (in USD Bn)
2.7 Exhibit 2.7: Forecast of Latin America (in USD Bn)
3.8 Exhibit 3.8: Forecast of Combat, Transport and Mission Aircraft (in USD Bn)
3.9 Exhibit 3.9: Forecast of Military Rotorcraft and Tiltrotor Systems (in USD Bn)
3.10 Exhibit 3.10: Forecast of Missiles, Munitions and Air and Missile Defense Systems (in USD Bn)
3.11 Exhibit 3.11: Forecast of Naval Ships, Submarines and Maritime Systems (in USD Bn)
3.12 Exhibit 3.12: Forecast of Armored Vehicles, Artillery and Land Combat Systems (in USD Bn)
3.13 Exhibit 3.13: Forecast of Ammunition, Small Arms and Ordnance (in USD Bn)
3.14 Exhibit 3.14: Forecast of Military Space and Satellite Systems (in USD Bn)
3.15 Exhibit 3.15: Forecast of Unmanned Systems and Counter-Drone Solutions (in USD Bn)
3.16 Exhibit 3.16: Forecast of C4ISR, Radar and Electronic Warfare Systems (in USD Bn)
3.17 Exhibit 3.17: Forecast of Cyber, Defense IT and Mission Software (in USD Bn)
3.18 Exhibit 3.18: Forecast of Military Propulsion, Engines and Subsystems (in USD Bn)
3.19 Exhibit 3.19: Forecast of Nuclear, Strategic and Deterrence Systems (in USD Bn)
3.20 Exhibit 3.20: Forecast of Training, Simulation and Synthetic Environments (in USD Bn)
3.21 Exhibit 3.21: Forecast of Sustainment, Maintenance and Logistics Services (in USD Bn)
4.22 Exhibit 4.22: Forecast of Air Power and Air Defense (in USD Bn)
4.23 Exhibit 4.23: Forecast of Land Power and Ground Combat (in USD Bn)
4.24 Exhibit 4.24: Forecast of Naval and Maritime Operations (in USD Bn)
4.25 Exhibit 4.25: Forecast of Space and Strategic Deterrence (in USD Bn)
4.26 Exhibit 4.26: Forecast of Intelligence, Surveillance and Reconnaissance (in USD Bn)
4.27 Exhibit 4.27: Forecast of Command, Control, Communications and Cyber Operations (in USD Bn)
4.28 Exhibit 4.28: Forecast of Training, Simulation and Readiness (in USD Bn)
4.29 Exhibit 4.29: Forecast of Logistics, Sustainment and Support Services (in USD Bn)
4.30 Exhibit 4.30: Forecast of Segment Application (in USD Bn)
6.31 Exhibit 6.31: Forecast of North America (in USD Bn)
6.32 Exhibit 6.32: Forecast of United States (in USD Bn)
6.33 Exhibit 6.33: Forecast of Canada (in USD Bn)
6.34 Exhibit 6.34: Forecast of Europe (in USD Bn)
6.35 Exhibit 6.35: Forecast of United Kingdom (in USD Bn)
6.36 Exhibit 6.36: Forecast of France (in USD Bn)
6.37 Exhibit 6.37: Forecast of Germany (in USD Bn)
6.38 Exhibit 6.38: Forecast of Italy (in USD Bn)
6.39 Exhibit 6.39: Forecast of Russia (in USD Bn)
6.40 Exhibit 6.40: Forecast of Sweden (in USD Bn)
6.41 Exhibit 6.41: Forecast of Czechia (in USD Bn)
6.42 Exhibit 6.42: Forecast of Norway (in USD Bn)
6.43 Exhibit 6.43: Forecast of Poland (in USD Bn)
6.44 Exhibit 6.44: Forecast of Spain (in USD Bn)
6.45 Exhibit 6.45: Forecast of Rest of Europe (in USD Bn)
6.46 Exhibit 6.46: Forecast of Asia Pacific (in USD Bn)
6.47 Exhibit 6.47: Forecast of China (in USD Bn)
6.48 Exhibit 6.48: Forecast of Japan (in USD Bn)
6.49 Exhibit 6.49: Forecast of South Korea (in USD Bn)
6.50 Exhibit 6.50: Forecast of India (in USD Bn)
6.51 Exhibit 6.51: Forecast of Taiwan (in USD Bn)
6.52 Exhibit 6.52: Forecast of Singapore (in USD Bn)
6.53 Exhibit 6.53: Forecast of Indonesia (in USD Bn)
6.54 Exhibit 6.54: Forecast of Australia (in USD Bn)
6.55 Exhibit 6.55: Forecast of Rest of Asia Pacific (in USD Bn)
6.56 Exhibit 6.56: Forecast of Middle East & Africa (in USD Bn)
6.57 Exhibit 6.57: Forecast of Israel (in USD Bn)
6.58 Exhibit 6.58: Forecast of Turkiye (in USD Bn)
6.59 Exhibit 6.59: Forecast of United Arab Emirates (in USD Bn)
6.60 Exhibit 6.60: Forecast of Saudi Arabia (in USD Bn)
6.61 Exhibit 6.61: Forecast of South Africa (in USD Bn)
6.62 Exhibit 6.62: Forecast of Rest of Middle East & Africa (in USD Bn)
6.63 Exhibit 6.63: Forecast of Latin America (in USD Bn)
6.64 Exhibit 6.64: Forecast of Brazil (in USD Bn)
6.65 Exhibit 6.65: Forecast of Mexico (in USD Bn)
6.66 Exhibit 6.66: Forecast of Rest of Latin America (in USD Bn)

Lockheed Martin, RTX, Northrop Grumman, BAE Systems, General Dynamics, Boeing, L3Harris Technologies, Leonardo, Airbus (Defence and Space), Thales, Huntington Ingalls Industries, Rheinmetall, Hanwha Aerospace, Leidos, Booz Allen Hamilton, Rolls-Royce (Defence), CACI International, Elbit Systems, Saab, Israel Aerospace Industries, Mitsubishi Heavy Industries, Rafael Advanced Defense Systems, ASELSAN, EDGE Group, Dassault Aviation, SAIC, Hindustan Aeronautics, Textron, Fincantieri, Kawasaki Heavy Industries, ST Engineering, Bharat Electronics, LIG Nex1, Hensoldt, Oshkosh, BWX Technologies, Korea Aerospace Industries, QinetiQ, Curtiss-Wright, Kongsberg Gruppen, CAE, Babcock International, Kratos Defense & Security Solutions, AeroVironment, Embraer

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