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Industry Landscape
The National Defense industry is currently undergoing significant modernization, focusing on technological advancements like AI, cybersecurity, and space defense. Geopolitical tensions and evolving threats drive increased investment globally. Recruitment and retention remain key challenges, alongside managing substantial budget allocations for readiness and global operations. The industry is critical for national security and geopolitical stability.
Total Assets Under Management (AUM)
Defense Budget in United States
~Approximately $886 billion (FY2024)
(3.3% CAGR)
- US defense spending remains the highest globally.
- Budget priorities include modernization, readiness, and personnel.
- Driven by global threats and technological competition.
Total Addressable Market
886 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Artificial Intelligence (AI)
AI will revolutionize defense by enhancing autonomous systems, predictive analytics for maintenance, advanced cyber warfare capabilities, and intelligent decision support systems.
Quantum Computing
Quantum computing promises unparalleled computational power for breaking modern encryption, developing advanced materials, and optimizing complex logistical and strategic simulations for defense applications.
Hypersonic Technology
Hypersonic weapons and defense systems will fundamentally alter military strategy due to their extreme speed and maneuverability, challenging existing detection and interception capabilities.
Impactful Policy Frameworks
National Defense Authorization Act (NDAA) for Fiscal Year 2024
The NDAA for FY2024 (Public Law 118-31) authorized approximately $886 billion for defense spending, focusing on modernizing the military, increasing readiness, and investing in new technologies like AI and hypersonics.
This policy directly impacts the U.S. Army by dictating funding levels, strategic priorities, and the allocation of resources for personnel, equipment, and technological advancements.
Cybersecurity Maturity Model Certification (CMMC) Program (Ongoing)
The Department of Defense's CMMC program mandates a tiered cybersecurity framework for defense contractors to protect sensitive unclassified information, evolving with new rules expected in 2024.
CMMC directly affects the U.S. Army by ensuring the security of its supply chain and the integrity of classified and unclassified information shared with private sector partners.
Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (October 2023)
This Executive Order (EO 14110) establishes new standards for AI safety and security, protects privacy, promotes equity and civil rights, stands up for consumers, and drives innovation and competition.
This policy impacts the U.S. Army by guiding the ethical development and deployment of AI technologies within military applications, influencing procurement and research standards.
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