BOSTON--(BUSINESS WIRE)--Aug 21, 2018--A number of common drivers recurring within and across the different regions will underpin an accelerated global defense budgetary outlay. The Strategy Analytics Advance Defense Systems (ADS) service report, “,” forecasts these factors will bolster defense spending, bringing forward previous projections, and translating to a global budget of $2.58 trillion in 2027.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180821005449/en/

Defense Spending Outlook 2017-2027 (Graphic: Business Wire)

This will also translate to the defense industry sector opportunity continuing its momentum as it is tasked with providing new capabilities, as well as upgrading existing platforms and systems through technology-focused investment. The total available market (TAM) for the defense industry will grow to $827.0 billion by 2027.

Strategy Analytics’ 2018 global defense analysis is based on an assessment of 95 countries that spent a minimum of $500 million on their annual defense in 2017. Strategy Analytics’ outlook for global defense spending is based on baseline information from SIPRI (Stockholm International Peace Research Institute); information on the SIPRI data can be found at http://www.sipri.org/research/armaments/milex/milex_database/milex_database.

This is followed by an individual assessment of each of the countries, looking at a range of factors including GDP growth, threat perception and political intent on force modernization and indigenization of the local defense industry covering a ten-year timeframe. Strategy Analytics defense spending outlook forecast is based on a range of factors used to assess global, regional and country-by-country analysis of overall military spending covering procurement (including R&D), services, personnel, infrastructure etc. This in turn provides the basis for forecasting platform, system, subsystem and enabling technology spend that underpins subsequent forecasts.

“Spending on radar, EW and communications will be some of the priorities for defense spending along with Command and Control (C2), Computers, EO-IR (electro-optical and infrared) sensors, navigation and smart weapons,” predicts Asif Anwar, Director of the ADS service. “While the overall defense spending profile maintains an upwards trajectory, to successfully capture the underlying opportunities at countries operating at differing levels of sophistication and defense spending prioritization, will require the defense industry to understand the tailoring required for partnerships, capabilities and solutions.”

Meet Strategy Analytics analysts for one-to-one defense discussions at the Defence, Security and Space (DSS) Forum during European Microwave Week, Electronic Warfare GCC 2018 and at MILCOM 2018 to discuss how the combination of Strategy Analytics’ consulting capabilities, coupled with in-depth defense subject matter expertise, can assist with the industry’s future strategic direction.

About Strategy Analytics

Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20180821005449/en/

CONTACT: Strategy Analytics, Inc.

European Contact:

Asif Anwar, +44(0) 1908 423 635

aanwar@strategyanalytics.com

or

US Contact:

Eric Higham, +1 617-614-0721

ehigham@strategyanalytics.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE OTHER TECHNOLOGY DEFENSE OTHER DEFENSE

SOURCE: Strategy Analytics, Inc.

Copyright Business Wire 2018.

PUB: 08/21/2018 10:28 AM/DISC: 08/21/2018 10:28 AM

http://www.businesswire.com/news/home/20180821005449/en