Military Logistics Market - Reach USD 526.50 Billion by 2027 at 5.2% CAGR - Impact of COVID-19 Pandemic | Global Analysis by The Insight Partners

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.

Worldwide Military Logistics Market Analysis to 2027 is a specialized and in-depth study of the Military Logistics Industry with a focus on the global market trend. The report aims to provide an overview of global Military Logistics Market with detailed market segmentation by product/application and geography. The global Military Logistics Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Military Logistics players and offers key trends and opportunities in the market.

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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 is segmented on the basis of the type and mode of transportation. The military logistics is primarily dominated by the logistics & distribution segment owing to notable demand for ensuring the existing supply of various components, devices, gears, food & medical supplies, and equipment among other logistical and operational support. However, the rise in emphasis towards achieving superior operational efficiencies along with reduced military budgets has propelled the demand for various optimization, executive management, and consulting related services.

Top Dominating Key Players:

1. AECOM
2. ANHAM FZCO
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

Key Benefits:

To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Military Logistics Market.

To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

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The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Military Logistics Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Military Logistics Market segments and regions.

Key findings of the study:

The APAC region comprises of developing countries that are witnessing an increase in their military spending. As per SIPRI, the region's military spending increased by 52% over the last decade, accounting for US$ 392 Bn in 2018. Factors such as territorial disputes, economic growth, and long-sought military modernizations are propelling the increase in military spending. China is the key country in the APAC region, responsible for more than 60% of military spending. Also, after the U.S., China is the second largest country globally in terms of the defense budget. Also, as per the World Bank, Singapore dedicated 3.3% of its GDP towards defense. Also, India was ranked amongst the top five military spenders in 2018. The military logistics market is APC region is highly propelled by the steps taken by the U.S. to keep a check on China. The U.S. is accelerating its "freedom of navigation" naval operations in disputed waters in the Taiwan Strait and the South China Sea.

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Reasons to Buy the Report:

Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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