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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