Global Defense Sector Landscape

Understanding the drivers of defense spending in US and European markets  

In our newest landscape report, our analysts highlight key features of the catalysts behind the current defense upcycle. Geopolitical tensions, such as Russia’s invasion of Ukraine, have triggered reinvestment in the global defense industry. Through 2029, Europe is expected to lead an annual growth of global defense spending from 16% to 21%, surpassing US growth rates, after a period of underinvestment. The US will look to align its defense budget with GDP growth.  
 
Additionally, the landscape dives into the future of defense spending, focusing on how technological advancements carry an increased potential for profitability through economies of scale and aftermarket services. With few major contractors in the defense market, economic moats stand out as an important key outlook analysis factor due to high switching costs and high value of intangible assets in the industry. 
 
Download the report now to discover more investment opportunities as well as several economic challenges in this shifting global defense sector landscape.