Published on : Jun 30, 2016
ALBANY, New York, June 30, 2016: ResearchMoz.us is a top provider of the latest market insights collected from across high caliber research organizations. The latest research report to be added to its repertoire on the global industry of defense and security, is a report titled “Future of the US Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2021.” In this report, analysts have documented the current status of one of the strongest defense industries in the world. The report creates a complete picture of the current scenario of the market and uses it to create a forecast for the same, till 2021.
According to the report, the U.S. defense industry is expected to register a CAGR of 0.71% in a forecast period between 2016 and 2021. This market is expected to reach US$599 by the end of 2021, after being valued at US$580 bn in 2016. This is a highly positive growth rate in comparison to the -2.63% aggregate decline shown by the U.S. defense industry between 2012 and 2016. This market was valued at US$646 bn in 2012.
The report explains several factors that are responsible for the current growth rate of the U.S. defense industry. One of the key drivers of the market is the growing interest shown by the U.S. government to remerge with a military supremacy, thus increasing investments made in defense and security. Another driver for the U.S. defense industry is the growing demand for the replacement of older and used weapons that have been present since the wars in Iraq and Afghanistan.
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Some of the procurements expected to be achieved in the U.S. defense industry in the near future include the Transport Aircraft MRO, the Multi-Role Aircraft MRO, hardware, IT software, and networking.
The report thus considers the most important factors required to substantiate the dynamic nature of the U.S. defense industry and its segments. This includes an analysis of the U.S. defense industry market size and drivers involved. The report creates the most descriptive analysis of the U.S. defense industry while highlighting the influential factors that surround it. This section of the report also reveals the U.S. spending done on defense and the methods through which modernization is employed.
The report also considers the overall budget allocation of the U.S. government and the place of the U.S. defense industry inside it. This shows the key challenges the industry is expected to face in the near future. The report additionally provides this in a segmented manner, with the industry divided into the army, navy and the air force.
The use of Porter’s Five Forces analysis is also done to gauge the overall characteristics of the U.S. defense industry, including the suppliers’ bargaining powers, the threats faced by new entrants, the level of competitiveness, and the threat of market replacements and substitutions.
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