The global defense logistics market is anticipated to grow at a considerable CAGR of 2.3% during the forecast period. The management of logistics and supply chain operations is of vital importance in the defense sector. Defense logistics focuses on key areas of logistics and supply chain management in contexts, such as sustainability, inventory management, resilience, procurement, information systems, and crisis response. The growth of the market is attributed to factors such as increasing defense spending, and the need for efficient logistics support in military operations. According to data on global military spending published on April 2023, by the Stockholm International Peace Research Institute (SIPRI), total global military expenditure increased by 3.7% in real terms in 2022, to reach a new high of $2240 billion. Military expenditure in Europe saw its steepest year-on-year increase in at least 30 years. The three largest spenders in 2022 were the US, China, and Russia accounting for 56% of the global military spending. The increased defense expenditure is further fueled by events such as wars or other geopolitical conflicts requiring the change of locations of military troops from one position to another.
Browse the full report description of “Defense Logistics Market Size, Share & Trends Analysis Report by Service Type (Armament, Military Troop, Technical Support & Maintenance, Medical Aid, Fire-fighting Protection, and Others), by Application (Military Infrastructure, Military Logistics Services, and Military Foreign Military Sales (FMS)), by Transportation Mode (Roadways, Airways, Seaways, and Railways), and by End User (Army, Navy, Air Force, and Others) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/defense-logistics-market
The government across the regions has been pushing aggressively to upgrade its defense force with increased allocation of investment required for defense sectors in budgets. All these factors are contributing positively to the growth of the market. For instance, in May 2023, the Danish government revealed its plans to invest spend $5.3 billion in a restoration of the foundation of the Armed Forces plan. The amount will be used to overcome several challenges the Danish defense forces faced, including old buildings and outdated IT. As per the government, $3.5 billion will be spent on restoring capacities and efforts that the Armed Forces cannot maintain within the current financial situation and $1.6 billion will go to new investments. Also, in March 2022, according to the draft budget proposals presented by the National People's Congress (NPC), China hiked its annual defense budget by 7.1% to $230 billion from $209 billion, three times that of India's military spending. Also in 2021/22, the UK spent $54.3 billion on defense. This was $4.3 billion higher than the previous year.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Service Type
o By Application
o By Transportation Mode
o By End User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Lockheed Martin Corp., BAE Systems plc, General Dynamics Corp., Northrop Grumman Corp., and others
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Defense Logistics Market Report Segment
By Service Type
By Application
By Transportation Mode
By End User
Global Defense Logistics Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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