Military Logistics Market Expected to Increase Highest Revenue by 2027 with Key Vendors: AECOM, ANHAM, ASELSAN, Claxton Logistics, Dyncorp International, Fluor Corporation, Honeywell International, KBR, Klinge Corporation

According to the new research report published by The Insight Partners, titled “Military Logistics Market - Global Analysis and Forecast to 2027”, The Global Military Logistics Market is expected to account for US$ 339.56 Bn in 2018 and is expected to reach US$ 526.50 Bn by 2027 thereby, registering an attractive CAGR growth rate of 5.2% from 2019 to 2027.

The economies in the Asia Pacific region are experiencing a noteworthy growth in their military spending. For instance, countries, including Japan and India, boosted their military spending owing to rising tensions with China, as per global arms spending report published by SIPRI. In 2017, the Indian defense spending increased by 5.5% to approximately US$ 63.9 Bn, resulting in ranking India as one of the top five military spenders worldwide. Also, India is anticipated to witness the second highest CAGR in the Asia Pacific military logistics market, after China. The report further states that the Government of India is planning to modernize, expand, and improve the operational capability of defense, partially owing to rising tension with Pakistan and China.

Some of the key players operating in the Military Logistics market are AECOM, ANHAM, ASELSAN A.?., Claxton Logistics, Dyncorp International LLC, Fluor Corporation, Honeywell International Inc., KBR Inc., Klinge Corporation, Lockheed Martin Corporation, ManTech International Corporation, Oboronlogistics LLC, One Network Enterprises, SCM Globe, and Thales Group among other.

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Key Benefits
 The study provides an in-depth analysis of the global Military Logistics Market to elucidate the prominent investment pockets.
 Current trends and future estimations are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market.
 The report provides information related to key drivers, restraints, and opportunities and their impact analysis.
 The market is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

Currently, the global military logistics market is dominated by some prominent market players with notable experience in meeting the military logistics requirement through years of engagement with the military of different countries. The market players present in military logistics market are mainly focused on maintaining long-term relations with the governments.

Military Logistics Market report provides an in-depth insight of Industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. The research report focuses on the leading competitors of the Military Logistics Market and provides information such as the company overview, product portfolio, key developments, price, cost, value, volume, revenue, capacity, production, and contact information.

Strategic Insights
The military logistics market is dominated by some key market players, as the market possess high entry barriers coupled with stringent rules and guidelines. Also, prominent players maintain long-term relations with the military. Thus, the military is inclined towards such players. Few of the recent developments are listed below:

2019: Aselsan announced to export its locally developed Zargana torpedo countermeasures system for submarines to Pakistan.

2018: AECOM’s subsidiary JT4 Limited Liability Company (LLC) signed a contract with U.S. Air Force for Joint Range Technical Services (J-Tech II). Under this contract, AECOM will offer operation, maintenance, and sustainment of the western test and training ranges.

2018: The Naval Air Systems Command has awarded DynCorp International a Maintenance Support Contract.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Military Logistics Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Military Logistics Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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GLOBAL MILITARY LOGISTICS – MARKET SEGMENTATION

By Type
• Logistics & Distribution
o Freight Services
o Courier Services
• Facility Management
• Services

By Mode of Transportation
• Railways
• Roadways
• Airways
• Waterways

By Geography

• North America
o U.S.
o Canada
o Mexico

• Europe
o France
o Germany
o UK
o Russia
o Rest of Europe

• Asia Pacific (APAC)
o China
o India
o Japan
o Rest of APAC

• Middle East & Africa (MEA)
o Saudi Arabia
o South Africa
o UAE
o Rest of MEA

• South America (SAM)
o Brazil
o Rest of SAM

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This release was published on openPR.