What are the Historical Developments and Current Growth Metrics of the Military Infrastructure Market?
The military infrastructure market has seen considerable growth due to a variety of factors.
• In recent times, the market size of military infrastructure has seen a robust growth. The market expansion is expected to continue from $10.34 billion in 2024, reaching $11.24 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%.
The significant growth in the past can be ascribed to factors such as allocation of defense budgets, geopolitical conflicts, modernization programs, worldwide security issues, and strategic military partnerships.
What Is The Projected Growth Of The Military Infrastructure Template Market?
The military infrastructure market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for a robust expansion in the military infrastructure market size over the coming years. Its growth is projected to reach $14.91 billion by 2029 with a compound annual growth rate (CAGR) of 7.3%.
Factors such as preparedness for natural disasters, the rise of new threats, the need for interoperability, space-based infrastructure, and climate change adaptation contribute to this anticipated growth. Upcoming trends during the forecast period are technological advancements, digitalization and connectivity, expansion of space-based infrastructure, and adaptation to urban warfare.
What Are The Key Drivers Fueling Growth In The Military Infrastructure Market?
Anticipated escalation in defense spending is predicted to fuel the expansion of the military infrastructure market. Defense expenditure, which refers to the funds dedicated to military and national defense-related activities by a nation during a set period, often a fiscal year, has a direct impact on the growth of military infrastructure. This includes the establishment of new military facilities like bases, airfields, ports, and strategic installations aimed at bolstering a nation's defense capabilities and strategic reach. For instance, the United States Air Force (USAF) reported in March 2023, that the Air Force's budget request for fiscal year 2024 was approximately $215.1 billion, reflecting an increase of $9.3 billion or 4.5% from the approved budget of 2023. Consequently, this escalation in defense expenditure is a primary driver of the military infrastructure market. The growing menace of global terrorism is also projected to boost the military infrastructure market. Defined as violent acts committed by individuals, groups or nations labeled as foreign terrorist organizations or countries, terrorism is a major concern. The vital role that military infrastructure plays in countering terrorism via strategic resources, intelligence, and operational bases, is crucial to thwart and respond to terrorist acts. For instance, the Institute for Economics and Peace (IEP), an Australia-based research organization that devises metrics for peace analysis, revealed in its March 2023 global terrorism index report that deaths per terrorist attack increased by an average of 0.4 in 2022. There was a rise in the fatality rate per attack, with an average of 1.7 deaths compared to 1.3 deaths in 2021, and a total number of 6,701 deaths due to terrorist activities in 2022. Therefore, the escalating risk of global terrorism significantly contributes to the expansion of the military infrastructure market.
What Are The Principal Market Segments In The Global Military Infrastructure Industry?
The military infrastructure market covered in this report is segmented –
1) By Type: Harbor, Proving Ground, Range, Training Course
2) By Size: Small, Medium, Large
3) By Application: Army, Navy, Air Force
Subsegments:
1) By Harbor: Naval Bases, Docking And Ship Maintenance Facilities, Supply And Logistics Harbors
2) By Proving Ground: Testing And Evaluation Centers, Weapon And Ammunition Testing Sites, Military Vehicle Testing Grounds
3) By Range: Air Defense Ranges, Land-Based Firing Ranges, Artillery And Ballistic Ranges
4) By Training Course: Combat Training Centers, Simulated Training Environments, Specialized Skill Development Courses
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How Are New Trends Impacting The Size Of The Military Infrastructure Market?
Prominent businesses in the military infrastructure market are centring their efforts on creating inventive products for military communication networks to boost their market profitability. Military communication networks involve a combination of communication technology and infrastructure utilised by the military to communicate information. For example, in August 2022, BAE Systems PLC, an aerospace firm based in the UK, introduced its latest deployable networking product, NetVIPR (Networked, Virtualized, Intelligent, and Protected Routing). Conceived for modern, multi-domain battlefields covering land, sea, air, space, cyber and electronic warfare, this state-of-the-art military communication system has numerous nodes. Every node in the secured network can contribute, retrieve, and transfer data, assuring smart, secure military communication, resilient enough to operate in the harshest environments.
Who Are the Key Players In The Military Infrastructure Market?
Major companies operating in the military infrastructure market report are:
• Dell Inc.
• General Electric Company
• Raytheon Technologies Corporation
• Boeing Company
• Lockheed Martin Corporation
• Airbus SE
• General Dynamics Corporation
• Northrop Grumman Corporation
• Honeywell International Inc.
• BAE Systems
• L3Harris Technologies Inc.
• Safran SA
• Leonardo S.p.A.
• Thales Group
• AECOM
• Textron Inc.
• Oshkosh Corporation
• Rheinmetall AG
• KBR Inc.
• Saab AB
• General Atomics Aeronautical Systems Inc.
• ManTech International Corporation
• Aselsan AS
• Anham Fzco
• Minrav Holdings Ltd.
• American International Contractors Inc.
• ArmourWorks International Ltd.
• Dewey Electronics Corporation
• Dencrypt A/S
What Are The Regional Insights Into The Military Infrastructure Market?
North America was the largest region in the military infrastructure market in 2024. The regions covered in the military infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
