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Military Logistics Market Flourishing Growth by Key Vendors like Aecom, Anham Fzco, Aselsan A.S., Bae Systems, Dyncorp International, Fluor

05-21-2020 01:34 PM CET | Logistics & Transport

Press release from: Premium Market Insights

Military Logistics Market - Premium Market Insights

Military Logistics Market - Premium Market Insights

The global military logistics market accounted 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 recent surge in budget cuts along with the rise in fluctuations of the number of military personnel, along with growing demand for deployment as well as the integration of military technologies across the country's vast military assets is anticipated to attribute towards the growing demand for military logistics support for the military. Thus, supporting the growth of military logistics market.

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The leading market participants mainly include:

3. Aselsan A.S.
4. BAE Systems PLC
5. DynCorp International LLC
6. Fluor Corporation
7. Honeywell International Inc.
8. KBR, Inc.
9. Lockheed Martin Corporation
10. Thales SA

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The growing involvement of the military in disaster relief is driving the demand for effective military logistics services. The military provides services such as material resources for infrastructure projects, logistical support, and security for relief workers, among others. The military logistics provider must be quick and effective to transport required resources to the disaster-prone location. With the increasing involvement of the military and the demand for quick services at disaster sites, the military logistics market is expected to witness significant growth during the forecast period.

The overall military logistics market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the military logistics market. It also provides the overview and forecast for the global military logistics market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis.

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Sameer Joshi
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