Report overview
A defense contractor is a business organization or individual that provides products or services to a military or intelligence department of a government. Products typically include military or civilian aircraft, ships, vehicles, weaponry, and electronic systems, while services can include logistics, technical support and training, communications support, and engineering support in cooperation with the government. Security contractors do not generally provide direct support of military operations. Under the 1949 Geneva Conventions, military contractors engaged in direct support of military operations may be legitimate targets of military interrogation. In the United States, defense contracting has taken an increasingly larger role. In 2009, the Department of Defense spent nearly $316 billion on contracts. Contractors have assumed a much larger on-the-ground presence during American conflicts: during the 1991 Gulf War the ratio of uniformed military to contractors was about 50 to 1, while during the first four years of the Iraq War the U.S. hired over 190,000 contractors, surpassing the total American military presence even during the 2007 Iraq surge and 23 times greater than other allied military personnel numbers. In Afghanistan, the presence of almost 100,000 contractors has resulted in a near 1-to-1 ratio with military personnel.The surge in spending on defense services contractors that began in 2001 came to a halt in 2009, leading to the Better Buying Power initiative of 2010.
This report contains market size and forecasts of Defense Contracting Service in Global, including the following market information:
Global Defense Contracting Service Market Revenue, 2018-2023, 2023-2030, ($ millions)
Global top five companies in 2022 (%)
The global Defense Contracting Service market was valued at US$ million in 2022 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period 2023-2030.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million by 2030.
Modern Weapons Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Defense Contracting Service include Lockheed Martin, Boeing, Raytheon Technologies, General Dynamics, Northrop Grumman, Huntington Ingalls Industries, Humana, Moderna and Regeneron Pharmaceuticals, etc. In 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Defense Contracting Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Defense Contracting Service Market, by Type, 2018-2023, 2023-2030 ($ millions)
Global Defense Contracting Service Market Segment Percentages, by Type, 2022 (%)
Modern Weapons
Cyber Security
Information Technology
Robot Technology
Smart System
Others
Global Defense Contracting Service Market, by Application, 2018-2023, 2023-2030 ($ millions)
Global Defense Contracting Service Market Segment Percentages, by Application, 2022 (%)
Army
Navy
Air Force
Global Defense Contracting Service Market, By Region and Country, 2018-2023, 2023-2030 ($ Millions)
Global Defense Contracting Service Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Defense Contracting Service revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Defense Contracting Service revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Lockheed Martin
Boeing
Raytheon Technologies
General Dynamics
Northrop Grumman
Huntington Ingalls Industries
Humana
Moderna
Regeneron Pharmaceuticals
AeroVironment
BWX Technologies
Textron
CAE
BAE Systems
Leonardo
Norinco
