Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for airline industry professionals · Sunday, January 23, 2022 · 561,300,733 Articles · 3+ Million Readers

US Defense Outlook 2021 -2026- Download the free report

US Defense Budget 2021 -2026

Aviation and Defense Market Reports

US Defense Budget 2021

US Defense Outlook 2021-2026

The free report titled "US Budget Outlook 2021 -2026" covers the key Land, Air and Naval programs till 2026. The US Defense Budget 2021 was around 753 Billion.

There is a clear focus on light weight armored material for ease of maneuverability and higher range. The technology developments in this segment are Active Protection Systems and use of Composites.”
— Major General Mandip Singh (Retd.) Head- Land Platforms
NEW YORK, UNITED STATES, December 1, 2021 / -- The global defense budget reached around USD 2 Trillion in 2020. As compared to the year 2019, a 2.6% increase in military expenditure was observed worldwide. The rise in military spending is a subsequent impact of the growth in GDP contribution. The global military spending for the year 2020 was poised to be roughly 2.4% of the GDP. The military-based GDP expenditure rose by a value of 0.2% as compared to the year 2019. According to public sources like SIRPI, the military expenditure for the year 2020 experienced the biggest rise since the financial and economic crisis faced in 2009.

One of the key factors which are expected to drive the military budget in the year 2021 is the occurrence of armed conflicts across 39 states (In 2020). As compared to the year 2019, the number of armed conflicts increased across 5 additional states in 2020. On a regional basis, the number of conflicts within Sub-Saharan Africa is seen to be the highest. The overall growth in geo-political conflicts across the world is hereafter anticipated to support the expansion of defense spending globally.

The US is one of the key military spenders within the global defense scenario. US defense spending accounted for majority of the global military expenditure with a value of around USD 778 Billion in 2020. The US defense budget 2020 was recorded to increase by a value of 4.4% as compared to the year 2019. In the year 2020, the US defense budget amounted to roughly 11% of federal spending. The US defense budget 2021 was recorded to be USD 753.5 Billion. The Mandatory DOE spending for the US defense budget 2021 was recorded to be USD 10.77 Billion. While, the defense related spending attained a value of USD 37.335 Billion. An increase in value from USD 705.39 Billion to USD 753.5 Billion was observed between the Department of Defense's discretionary budget authority and the actual US defense budget 2021. The overall growth in US defense spending and its impact on the global defense atmosphere can be studied using US Defense Budget 2021 -2026.

The US Defense Outlook 2021 -2026 is now available for free download. The brief report on US defense outlook 2021-2026 covers the forecasted defense budget for the above said period. The key land programs, Naval programs and Air Force programs are covered in the report. The key ongoing land program is the Joint Light Tactical Vehicle Program (JLTV).

According to the US Defense Budget Outlook published by A&D Market Reports, one of the key factors to drive the military expenditure within the US is the ongoing conflict between the US and China. The power struggle between these two nations is poised to boost the military expenditure for both parties involved. An increase in modernization programs is another factor that is poised to propel market growth. As of FY 2022, the US market is anticipated to retire roughly 201 old aircraft. The cost of maintenance for the same is to be redirected towards R&D-based programs. The freed funds are also to be utilized in the procurement of the next-generation aircraft. The US air force is also poised to acquire the E-7 Wedgetail to replace the existing E-3 fleet. The associate cost of fleet replacement includes inventory and training cost.

As per the US defense budget 2020, 4 focus areas for the US DOD is seen to the instating of a more lethal, agile and innovative joint force. The emerging complex security environment is one of the key factors that drove defense budget allocation for 2021. Modernization of air, maritime and land domains to enhance lethality is another factor which is poised to drive growth margins. In the US defense budget 2020, the capital allocated to base and overseas contingency operations is seen to plummet. However, a subsequent increase in Emergency operations based funding was witnessed in the US defense spending.

The US Navy’s 30-year shipbuilding plan is another factor that is anticipated to increase the fleet size for manned ships. As stated by the US defense spending, the cost of implementation for this plan is anticipated to be between USD 25-33 Billion. The rise in underwater combat abilities is another factor that is poised to boost the US Navy’s lethality. As of 2021, the Navy plans to include two additional V-Virginia attack class submarines in its existing submarine fleet.
A&D Market reports specializes in the defense domain. The end-users of this vertical can benefit through the Global Defense Outlook 2021-2026. Users can download the free US Defense Budget report from A&D Market Reports website.

A&D Market Reports focusses on 12 defense verticals, these verticals are headed by veterans with around 2-3 decades of experience in the segment they are managing. The Heads of the segments are as follows:
• Unmanned Systems- Group Captain MJ Augustine Vinod (Retd.)
• Air Platforms- Wing Commander Simon K John (Retd.)
• Land Platforms- Major General Mandip Singh (Retd.)
• Naval Platforms- Commodore Benny Methala (Retd.)
• Weapons and Munition- Air Vice-Marshal Bhanoji Rao AVSM, VSM (Retd.)
• Missile and Missile Defense- Colonel Pawan Bhatnagar (Retd.)
• Combat Service & Support- Wing Commander MP Benjamin (Retd.)
• Training and Simulation- Air Marshal PP Khandekar AVSM (Retd.)
• Commercial Aviation- Air Commodore James Sebastian (Retd.)

A&D Market Reports Published in 2021

1. Global AESA Radar Market 2021-2031
2. Small UAV Market 2021-2031
3. Global Defense MRO Market 2021-2031
4. Global Personal Protective Equipment Market 2021-2031
5. Military 3D Printing Market 2021-2031
6. Military Communications Market 2021-2031
7. Military Radar Market 2021-2031
8. Precision Guided Missiles Market 2021-2031
9. Small Arms and Weapons Market 2021-2031
10. Small Caliber Ammunitions Market 2021-2031
11. Global Training and Simulation Market 2021-2031
12. Smart Weapons Market 2021-2031
13. Soldier Protection Systems Market 2021-2031
14. Surface Ship Market 2021-2031
15. Tactical Communication Market 2021-2031
16. Unmanned Underwater Vehicles Market 2021-2031

Write to us to speak to our Analyst team and understand our capabilities.

Lt. Cdr George S (Retd.)
A&D Market Reports
+1 332-333-5499

Powered by EIN Presswire

EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release