Market Reports

Unlock 30% off global market reports with code ONLINE30 – get insights on tariff changes, macro trends, and global economic shifts What is the projected value of the defense market by 2029? The defense market size has grown strongly in recent years. It will grow from $491.06 billion in 2024 to $527.06 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increasing the use of military drones, demand for attack and transport helicopters, low-interest rates, increasing spending on military equipment, increasing development of autonomous fighter jets and increasing military expenditure. The defense market size is expected to see strong growth in the next few years. It will grow to $676.64 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to government initiatives, technology advancement, increasing internal and external security threats, increasingly ad...