Defense Logistics Market Growth: Reaching $329.9 Billion with Steady 5.0% CAGR From 2023-2032

The defense logistics market was valued at $203.79 billion in 2022, and is estimated to reach $329.9 billion by 2032, growing at a CAGR of 5% from 2023 to 2032.

According to a new report published by Allied Market Research, titled, "Defense Logistics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Commodity, by End-user, by Transportation mode: Global Opportunity Analysis and Industry Forecast, 2023-2032". The research provides a current evaluation of the global market landscape, highlighting recent trends, key drivers, and the overall market environment. The study examines the main factors influencing industry expansion, analyzing both its growth drivers and restraints. Additionally, it sheds light on factors expected to offer promising opportunities for development of industry in the future.

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There is an increase in the integration of technological advancements in defense logistics services for the improvement and modernization of military supply chain operations. The utilization of AI and ML in defense logistics facilitates sophisticated data analysis, predictive modeling, and the automation of decision-making processes. This results in improved accuracy in demand forecasting, optimized route planning, and the ability to make real-time adjustments to logistical plans, thereby enhancing overall efficiency and responsiveness. Moreover, advancements in technology provide solutions for real-time tracking of military assets, including vehicles, equipment, and personnel. This increased visibility enables better coordination, reduced transit times, and an enhanced overall situational awareness, contributing to more effective logistics management.

In addition, there is a surge in the incorporation of The Internet of Things (IoT) for the interconnection of devices for data communication. In defense logistics, IoT applications include smart sensors on equipment, RFID tags on shipments, and other connected devices. The deployment of advanced analytics tools helps defense logistics operators to extract valuable insights from extensive datasets. The utilization of data-driven decision-making enables accurate resource distribution, enhanced risk evaluation, and the recognition of optimization potential within the supply chain.

The defense logistics market is segmented on the basis of end-user, transportation mode, commodity, and region. On the basis of end-user, it is divided into army, navy, and airforce. On the basis of transportation mode, the market is classified roadways, airways, waterways, and railways. On the basis of commodity, it is fragmented into armament, technical support & maintenance, medical aid, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of commodity, the armament segment held the highest market share in 2022, accounting for nearly three-fifths of the global defense logistics market revenue, and is estimated to maintain its leadership status throughout the forecast period, rise in the defense logistics utilized across different branches of the military (army, navy, air force) for maintaining strategic capabilities. Moreover, the technical support and maintenance segment is projected to manifest the highest CAGR of 6.5% from 2023 to 2032, owing to the increase in the need for specialized technical support and maintenance as military equipment becomes more technologically advanced.

On the basis of end-user, the army segment held the highest market share in 2022, accounting for more than half of the global defense logistics market revenue, and is estimated to maintain its leadership status throughout the forecast period as there is a surge in the partnership with the army forces of various countries to provide logistics and maintenance services. However, the Airforce segment is projected to manifest the highest CAGR of 6.3% from 2023 to 2032, owing to surge in the collaborations and agreements of logistics companies and agencies with the Airforce to increase the capabilities and readiness of the defense forces.

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On the basis of transportation mode, the roadways segment accounted for the largest share in 2022, accounting for more than two-fifths of the global defense logistics market revenue, and is estimated to maintain its leadership status throughout the forecast period as there is the availability of different types of vehicles for the transportation of military equipment and material. However, the waterways segment is projected to manifest the highest CAGR of 7.0% from 2023 to 2032, owing to increase in the use of submarines for covert logistics operations, transporting special forces, supplies, or conducting intelligence missions.

On the basis of region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-thirds of the defense logistics market revenue, and is expected to dominate the market during the forecast period, as there is consistent upward trend in defense budgets facilitates greater investments in the development of logistics infrastructure. However, the LAMEA region is expected to witness the fastest CAGR of 7.0% from 2023 to 2032, owing to an increase in demand for effective defense logistics to facilitate military efforts against extremist groups due to the increased occurrence of counterterrorism activities in the Middle East and certain regions of Africa.

Key players operating in the global defense logistics market include Lockheed Martin Corporation, Colak Group, Crowley, BAE Systems, Northrop Grumman, Raytheon Technologies, General Dynamics Corporation, L3Harris Technologies, Inc., SEKO Logistics, and Leonardo S.p.A. The companies are adopting strategies such as contract, and others to improve their market positioning.

Key Finding of the Study:

➢ By commodity, the technical support and maintenance segment is anticipated to exhibit significant growth in the near future.
➢ By end-user, the airforce segment is anticipated to exhibit significant growth in the near future.
➢ By transportation mode, the waterways segment is anticipated to exhibit significant growth in the near future.
➢ By region, LAMEA is anticipated to register the highest CAGR during the forecast period.

Key Benefits For Stakeholders:

➢ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the defense logistics market analysis from 2022 to 2032 to identify the prevailing defense logistics market opportunities.
➢ The market research is offered along with information related to key drivers, restraints, and opportunities.
➢ Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
➢ In-depth analysis of the defense logistics market segmentation assists to determine the prevailing market opportunities.
➢ Major countries in each region are mapped according to their revenue contribution to the global market.
➢ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
➢ The report includes the analysis of the regional as well as global defense logistics market trends, key players, market segments, application areas, and market growth strategies.

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