The US dominates the world defense sector, with a budget of US$607.5 billion in 2014, and is expected to sustain its superiority over other nations in the coming years, according to the new report – Future of the US Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019.
Despite the budget cuts, the US base defense budget is expected to grow at a CAGR of 1.75%, pushing the overall budget to increase at a CAGR of 1.64%. The country’s efforts to retain its military supremacy and initiatives to replace the aged and worn-out weapons that have been used in the Iraq and Afghanistan wars will stimulate the defense expenditure.
This report provides in depth analysis of the US defense market, with identification of market drivers augmenting its provision of data on the current industry size and growth expectations to 2019. Together with its investigation of the industry structure and procurement dynamics, with analysis of the competitive landscape of the Bangladeshi defense industry, and its assessment of the business environment, Future of the US Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019 should be considered required reading for those serious about capitalizing on the significant opportunities it holds.
Key insights include:
Source: ASDReports - Market Research
Date: Mar 4, 2014