Table of Content

1    INTRODUCTION    62
1.1    STUDY OBJECTIVES    62
1.2    MARKET DEFINITION    62
1.3    MARKET SCOPE    63
1.3.1    MARKETS COVERED    63
FIGURE 1    WORLD DEFENSE BUDGET ANALYSIS SEGMENTATION    63
1.3.2    REGIONAL SCOPE    64
TABLE 1    WORLD DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    64
TABLE 2    WORLD DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    64
1.3.3    YEARS CONSIDERED    65
1.4    CURRENCY CONSIDERED    65
TABLE 3    USD EXCHANGE RATES    65
1.5    INCLUSIONS AND EXCLUSIONS    66
TABLE 4    INCLUSIONS AND EXCLUSIONS IN WORLD DEFENSE BUDGET ANALYSIS    66
1.6    LIMITATIONS    66
1.7    STAKEHOLDERS    67
2    RESEARCH METHODOLOGY    68
2.1    RESEARCH DATA    68
FIGURE 2    RESEARCH FLOW    68
FIGURE 3    WORLD DEFENSE BUDGET ANALYSIS: RESEARCH DESIGN    69
2.1.1    SECONDARY DATA    69
2.1.1.1    Key data from secondary sources    70
FIGURE 4    KEY DATA FROM SECONDARY SOURCES    70
2.1.2    PRIMARY DATA    70
2.2    MARKET SIZE ESTIMATION    70
2.2.1    SEGMENTS AND SUBSEGMENTS    71
2.2.2    EXCLUSIONS    71
2.3    RESEARCH APPROACH AND METHODOLOGY    71
2.3.1    BOTTOM-UP APPROACH    72
TABLE 5    MARKET ESTIMATION PROCEDURE    72
FIGURE 5    BOTTOM-UP APPROACH    73
2.3.2    TOP-DOWN APPROACH    73
FIGURE 6    TOP-DOWN APPROACH    73
2.4    MARKET BREAKDOWN AND DATA TRIANGULATION    73
FIGURE 7    DATA TRIANGULATION    74
2.5    RESEARCH LIMITATIONS    75

3    EXECUTIVE SUMMARY    76
3.1    WORLD DEFENSE BUDGET TO TRIPLE WITH USD 6 BILLION ALLOCATIONS BY 2030    76
3.2    OVER 50% OF WORLD DEFENSE BUDGET TO BE SPENT ON MODERNIZATION PROGRAMS BY 2025    76
3.3    WORLD DEFENSE BUDGET TO BE 4% OF GLOBAL GDP BY 2030    76
3.4    US TO CONTRIBUTE 45% TO WORLD DEFENSE BUDGET BY 2030    77
3.5    US, CHINA, RUSSIA, INDIA, AND SAUDI ARABIA TO CONSTITUTE MORE THAN 70% OF GLOBAL MILITARY SPENDING IN 2025    77
3.6    INDIA TO EMERGE AS LEADING DEFENSE EXPORTER BY 2030, WITH STRONG FOCUS ON INDIGENOUS MANUFACTURING    78
3.7    EUROPE TO HAVE MILITARY BURDEN OF 3% TILL 2025    78
3.8    WAR IN UKRAINE PROMPTED EUROPEAN COUNTRIES TO INCREASE DEFENSE SPENDING FROM USD 480 BILLION IN 2022 TO USD 650 BILLION BY 2030    79
3.9    DEFENSE BUDGET OF MIDDLE EAST TO GROW BY 6% YOY FROM 2025 TO 2030    79
3.10    AFRICA TO HOLD 5% SHARE OF WORLD DEFENSE BUDGET IN 2030    80
4    US DEFENSE BUDGET ANALYSIS    81
4.1    INTRODUCTION    81
FIGURE 8    US: DEFENSE BUDGET (2016–2022)    81
TABLE 6    US: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    82
TABLE 7    US: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    82
TABLE 8    US: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    82
TABLE 9    US: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    82
TABLE 10    US: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    82
TABLE 11    US: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    83
TABLE 12    US: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    83
TABLE 13    US: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    83
TABLE 14    US: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    83
TABLE 15    US: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    84
TABLE 16    US: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    84
TABLE 17    US: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    84
4.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    84
FIGURE 9    US: TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    85
4.3    REGULATORY AND POLICY LANDSCAPE    85
4.4    IMPACT OF MEGATRENDS    86
4.5    TECHNOLOGY TRENDS    86
4.5.1    HYPERSONIC WEAPONS    86
4.5.2    INTERNET OF MILITARY THINGS    87
4.6    TREND INDICATORS    87
4.6.1    MACRO    87
4.6.1.1    GDP and defense budget share (%) of GDP    87
FIGURE 10    US: DEFENSE BUDGET AS % OF GDP (2016–2022)    87
4.6.1.2    Geopolitical intensity/external disputes    87
4.6.1.3    Development index    88
4.6.1.4    Terrorism index    88
4.6.1.5    Recession impact analysis    88
4.6.2    MICRO    88
4.6.2.1    Military strength/recruitment    88
4.6.2.2    Military modernization    89
4.6.2.3    Soldier welfare    89
4.7    EXPORT AND IMPORT/TRADE ANALYSIS    89
TABLE 18    US: EXPORT DATA (USD THOUSAND)    90
TABLE 19    US: IMPORT DATA (USD THOUSAND)    90
4.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    90
4.8.1    MILITARY    90
4.8.1.1    United States Army    90
4.8.1.2    United States Navy    90
4.8.1.3    United States Air Force    90
4.8.1.4    United States Marine Corps    90
4.8.2    HOMELAND SECURITY    90
4.8.2.1    Transportation Security Administration    90
4.8.2.2    US Customs and Border Protection    91
4.8.2.3    US Immigration and Customs Enforcement    91
4.8.2.4    Federal Emergency Management Agency    91
4.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    91
4.9.1    LAND    91
FIGURE 11    US: LAND FLEET (2018–2021)    92
4.9.2    AIRBORNE    92
FIGURE 12    US: AIR FLEET (2018–2021)    93
4.9.3    NAVAL    93
FIGURE 13    US: NAVAL FLEET (2019–2022)    94
4.9.4    SPACE    94
FIGURE 14    US: SATELLITES (2018–2021)    95
4.9.5    CYBER    95
4.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    95
4.10.1    ELECTRONICS    95
4.10.1.1    Intelligence, surveillance, and reconnaissance    95
4.10.1.2    Communication, navigation, and surveillance    96
4.10.1.3    Global navigation satellite system    96
4.10.1.4    Electronic warfare    97
4.10.1.5    Digital battlefield    97
4.10.2    ARMAMENTS    97
4.10.2.1    Weapons and munitions    97
4.10.2.2    Firearms and ammunition    98
TABLE 20    KEY FIREARMS USED BY US ARMED FORCES    98
TABLE 21    KEY CALIBERS USED BY US ARMED FORCES    99
4.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    99
4.11.1    ADVANCED    99
4.11.1.1    Use cases    99
4.11.2    CONVENTIONAL    99
4.11.2.1    Use cases    99
4.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    100
4.12.1    MILITARY FORCES    100
4.12.2    SPECIAL FORCES    100
4.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    101
4.13.1    MILITARY EXPENSE    101
4.13.2    ADMIN EXPENSE    101
4.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    101
4.14.1    FOREIGN MILITARY SALES    101
4.14.2    INDIGENOUS SALES    102
4.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    102
4.15.1    COMPETITIVE LANDSCAPE    102
4.15.1.1    Company ranking analysis    102
FIGURE 15    RANKING ANALYSIS OF TOP 3 PLAYERS IN US DEFENSE BUDGET ANALYSIS, 2022    102
4.15.1.2    Competitive benchmarking    103
TABLE 22    US DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    103
4.15.2    PRIME CONTRACTORS    103
4.15.2.1    Northrop Grumman Corporation    103
4.15.2.1.1    Business overview    103
TABLE 23    NORTHROP GRUMMAN CORPORATION: COMPANY OVERVIEW    103
FIGURE 16    NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT    104
4.15.2.1.2    SWOT analysis    104
4.15.2.1.3    Recent developments    105
4.15.2.1.4    MnM view    105
4.15.2.2    General Dynamics Corporation    106
4.15.2.2.1    Business overview    106
TABLE 24    GENERAL DYNAMICS CORPORATION: COMPANY OVERVIEW    106
FIGURE 17    GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT    106
4.15.2.2.2    SWOT Analysis    107
4.15.2.2.3    Recent developments    107
4.15.2.2.4    MnM view    108
4.15.2.3    Lockheed Martin Corporation    108
4.15.2.3.1    Business overview    108
TABLE 25    LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW    108
FIGURE 18    LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT    109
4.15.2.3.2    SWOT analysis    109
4.15.2.3.3    Recent developments    110
4.15.2.3.4    MnM view    111
5    CANADA DEFENSE BUDGET ANALYSIS    112
5.1    INTRODUCTION    112
FIGURE 19    CANADA: DEFENSE BUDGET (2016–2022)    112
TABLE 26    CANADA: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    112
TABLE 27    CANADA: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    112
TABLE 28    CANADA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    113
TABLE 29    CANADA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    113
TABLE 30    CANADA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    113
TABLE 31    CANADA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    113
TABLE 32    CANADA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    114
TABLE 33    CANADA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    114
TABLE 34    CANADA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    114
TABLE 35    CANADA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    114
TABLE 36    CANADA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    115
TABLE 37    CANADA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    115
5.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    115
FIGURE 20    REVENUE SHIFT AND NEW REVENUE POCKETS    115
5.3    REGULATORY AND POLICY LANDSCAPE    116
5.4    IMPACT OF MEGATRENDS    117
5.5    TECHNOLOGY TRENDS    117
5.5.1    QUANTUM COMPUTING    117
5.6    TREND INDICATORS    118
5.6.1    MACRO    118
5.6.1.1    GDP and defense budget share (%) of GDP    118
FIGURE 21    CANADA: DEFENSE BUDGET AS % OF GDP (2016–2022)    118
5.6.1.2    Geopolitical intensity/external disputes    118
5.6.1.3    Development index    119
5.6.1.4    Terrorism index    119
5.6.1.5    Recession impact analysis    119
5.6.2    MICRO    119
5.6.2.1    Military strength/recruitment    119
5.6.2.2    Military modernization    119
5.6.2.3    Soldier welfare    120
5.7    EXPORT AND IMPORT/TRADE ANALYSIS    120
TABLE 38    CANADA: EXPORT DATA (USD THOUSAND)    120
TABLE 39    CANADA: IMPORT DATA (USD THOUSAND)    120
5.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    121
5.8.1    MILITARY    121
5.8.1.1    Department of National Defense    121
5.8.1.2    Canadian Armed Forces    121
5.8.1.3    Defense Research and Development Canada    121
5.8.1.4    Communications Security Establishment    121
5.8.1.5    Canadian Security Intelligence Service    121
5.8.1.6    Canadian Border Services Agency    121
5.8.1.7    Canadian Security and Intelligence Review Committee    121
5.8.2    HOMELAND SECURITY    122
5.8.2.1    Public Safety Canada    122
5.8.2.2    Royal Canadian Mounted Police    122
5.8.2.3    Integrated Terrorism Assessment Centre    122
5.8.2.4    Canadian Centre for Cyber Security    122
5.8.2.5    Joint Task Force 2    122
5.8.2.6    Provincial and Municipal Police Forces    122
5.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    122
5.9.1    LAND    122
FIGURE 22    CANADA: LAND FLEET (2018–2022)    123
5.9.2    AIRBORNE    123
FIGURE 23    CANADA: AIR FLEET (2018–2021)    124
5.9.3    NAVAL    124
FIGURE 24    CANADA: NAVAL FLEET (2019–2022)    125
5.9.4    SPACE    125
FIGURE 25    CANADA: SATELLITES (2018–2021)    125
5.9.5    CYBER    125
5.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    126
5.10.1    ELECTRONICS    126
5.10.1.1    Intelligence, surveillance, and reconnaissance    126
5.10.1.2    Communication, navigation, and surveillance    126
5.10.1.3    Global navigation satellite system    126
5.10.1.4    Electronic warfare    127
5.10.1.5    Digital battlefield    127
5.10.2    ARMAMENTS    127
5.10.2.1    Weapons and munitions    127
5.10.2.2    Firearms and ammunition    127
TABLE 40    KEY FIREARMS USED BY CANADIAN ARMED FORCES    128
TABLE 41    KEY CALIBERS USED BY CANADIAN ARMED FORCES    128
5.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    129
5.11.1    ADVANCED    129
5.11.1.1    Use cases    130
5.11.2    CONVENTIONAL    130
5.11.2.1    Use cases    130
5.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    130
5.12.1    MILITARY FORCES    130
5.12.1.1    Canadian Army    130
5.12.1.2    Royal Canadian Navy    130
5.12.1.3    Royal Canadian Air Force    131
5.12.2    SPECIAL FORCES    131
5.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    131
5.13.1    MILITARY EXPENSE    131
5.13.2    ADMIN EXPENSE    132
5.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    132
5.14.1    FOREIGN MILITARY SALES    132
5.14.2    INDIGENOUS SALES    132
5.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    133
5.15.1    COMPETITIVE LANDSCAPE    133
5.15.1.1    Company ranking analysis    133
FIGURE 26    RANKING ANALYSIS OF TOP 3 PLAYERS IN CANADA DEFENSE BUDGET ANALYSIS, 2022    133
5.15.1.2    Competitive benchmarking    133
TABLE 42    CANADA DEFENSE BUDGET ANALYSIS MARKET: COMPETITIVE BENCHMARKING    133
5.15.2    PRIME CONTRACTORS    134
5.15.2.1    Lockheed Martin Corporation    134
TABLE 43    LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW    134
5.15.2.2    CAE Inc.    134
5.15.2.2.1    Business overview    134
TABLE 44    CAE INC.: COMPANY OVERVIEW    134
FIGURE 27    CAE INC.: COMPANY SNAPSHOT    135
5.15.2.2.2    SWOT analysis    135
5.15.2.2.3    Recent developments    136
5.15.2.2.4    MnM view    136
5.15.2.3    General Dynamics Land Systems Inc.    137
5.15.2.3.1    Business overview    137
TABLE 45    GENERAL DYNAMICS LAND SYSTEMS INC.: COMPANY OVERVIEW    137
5.15.2.3.2    SWOT analysis    137
5.15.2.3.3    Recent developments    138
5.15.2.3.4    MnM view    138
6    UK DEFENSE BUDGET ANALYSIS    139
6.1    INTRODUCTION    139
FIGURE 28    UK: DEFENSE BUDGET (2016–2022)    139
TABLE 46    UK: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    139
TABLE 47    UK: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    139
TABLE 48    UK: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    140
TABLE 49    UK: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    140
TABLE 50    UK: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    140
TABLE 51    UK: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    140
TABLE 52    UK: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    141
TABLE 53    UK: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    141
TABLE 54    UK: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    141
TABLE 55    UK: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    141
TABLE 56    UK: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    142
TABLE 57    UK: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    142
6.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    142
FIGURE 29    REVENUE SHIFT AND NEW REVENUE POCKETS    143
6.3    REGULATORY AND POLICY LANDSCAPE    143
6.4    IMPACT OF MEGATRENDS    144
6.5    TECHNOLOGY TRENDS    144
6.5.1    FUTURE COMBAT AIR SYSTEM    144
6.6    TREND INDICATORS    145
6.6.1    MACRO    145
6.6.1.1    GDP and defense budget share (%) of GDP    145
FIGURE 30    UK: DEFENSE BUDGET AS % OF GDP (2016–2022)    145
6.6.1.2    Geopolitical intensity/external disputes    145
6.6.1.3    Development index    145
6.6.1.4    Terrorism index    145
6.6.1.5    Recession impact analysis    146
6.6.2    MICRO    146
6.6.2.1    Military strength/recruitment    146
6.6.2.2    Military modernization    146
6.6.2.3    Soldier welfare    146
6.7    EXPORT AND IMPORT/TRADE ANALYSIS    147
TABLE 58    UK: EXPORT DATA (USD THOUSAND)    147
TABLE 59    UK: IMPORT DATA (USD THOUSAND)    147
6.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    147
6.8.1    MILITARY    147
6.8.1.1    Ministry of Defence    147
6.8.1.2    British Army    147
6.8.1.3    Royal Navy    148
6.8.1.4    Royal Air Force    148
6.8.1.5    Defense Equipment and Support    148
6.8.1.6    Joint Forces Command    148
6.8.2    HOMELAND SECURITY    148
6.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    148
6.9.1    LAND    148
FIGURE 31    UK: LAND FLEET (2018–2021)    149
6.9.2    AIRBORNE    149
FIGURE 32    UK: AIR FLEET (2018–2021)    150
6.9.3    NAVAL    150
FIGURE 33    UK: NAVAL FLEET (2019–2022)    151
6.9.4    SPACE    151
FIGURE 34    UK: SATELLITES (2018–2021)    152
6.9.5    CYBER    152
6.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    153
6.10.1    ELECTRONICS    153
6.10.1.1    Intelligence, surveillance, and reconnaissance    153
6.10.1.2    Communication, navigation, and surveillance    153
6.10.1.3    Global navigation satellite system    154
6.10.1.4    Electronic warfare    154
6.10.1.5    Digital battlefield    154
6.10.2    ARMAMENTS    154
6.10.2.1    Weapons and munitions    154
6.10.2.2    Firearms and ammunition    155
TABLE 60    KEY FIREARMS USED BY UK ARMED FORCES    155
TABLE 61    KEY CALIBERS USED BY UK ARMED FORCES    155
6.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    156
6.11.1    ADVANCED    156
6.11.1.1    Use cases    156
6.11.2    CONVENTIONAL    156
6.11.2.1    Use cases    156
6.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    157
6.12.1    MILITARY FORCES    157
6.12.1.1    British Army    157
6.12.1.2    Royal Navy    157
6.12.1.3    Royal Air Force    157
6.12.2    SPECIAL FORCES    157
6.12.2.1    Special Air Service    157
6.12.2.2    Special Boat Service    157
6.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    157
6.13.1    MILITARY EXPENSE    157
6.13.2    ADMIN EXPENSE    158
6.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    158
6.14.1    FOREIGN MILITARY SALES    158
6.14.2    INDIGENOUS SALES    158
6.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    159
6.15.1    COMPETITIVE LANDSCAPE    159
6.15.1.1    Company ranking analysis    159
FIGURE 35    RANKING ANALYSIS OF TOP 3 PLAYERS IN UK DEFENSE BUDGET ANALYSIS, 2022    159
6.15.1.2    Competitive benchmarking    159
TABLE 62    UK DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    159
6.15.2    PRIME CONTRACTORS    160
6.15.2.1    Babcock International Group PLC    160
6.15.2.1.1    Business overview    160
TABLE 63    BABCOCK INTERNATIONAL GROUP PLC: COMPANY OVERVIEW    160
FIGURE 36    BABCOCK INTERNATIONAL GROUP PLC: COMPANY SNAPSHOT    161
6.15.2.1.2    SWOT analysis    161
6.15.2.1.3    Recent developments    162
6.15.2.1.4    MnM view    162
6.15.2.2    BAE Systems plc    163
6.15.2.2.1    Business overview    163
TABLE 64    BAE SYSTEMS PLC: COMPANY OVERVIEW    163
FIGURE 37    BAE SYSTEMS PLC: COMPANY SNAPSHOT    163
6.15.2.2.2    SWOT analysis    164
6.15.2.2.3    Recent developments    164
6.15.2.2.4    MnM view    164
6.15.2.3    Lockheed Martin Corporation    165
TABLE 65    LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW    165

7    FRANCE DEFENSE BUDGET ANALYSIS    166
7.1    INTRODUCTION    166
FIGURE 38    FRANCE: DEFENSE BUDGET (2016–2022)    166
TABLE 66    FRANCE: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    166
TABLE 67    FRANCE: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    167
TABLE 68    FRANCE: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    167
TABLE 69    FRANCE: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    167
TABLE 70    FRANCE: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    167
TABLE 71    FRANCE: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    168
TABLE 72    FRANCE: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    168
TABLE 73    FRANCE: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    168
TABLE 74    FRANCE: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    169
TABLE 75    FRANCE: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    169
TABLE 76    FRANCE: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    169
TABLE 77    FRANCE: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    169
7.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    170
FIGURE 39    REVENUE SHIFT AND NEW REVENUE POCKETS    170
7.3    REGULATORY AND POLICY LANDSCAPE    171
7.4    IMPACT OF MEGATRENDS    171
7.5    TECHNOLOGY TRENDS    172
7.5.1    FUTURE COMBAT AIR SYSTEM    172
7.5.2    CYBERSECURITY AND INFORMATION WARFARE    172
7.6    TREND INDICATORS    173
7.6.1    MACRO    173
7.6.1.1    GDP and defense budget share (%) of GDP    173
FIGURE 40    FRANCE: DEFENSE BUDGET AS % OF GDP (2016–2022)    173
7.6.1.2    Geopolitical intensity/external disputes    174
7.6.1.3    Development index    174
7.6.1.4    Terrorism index    174
7.6.1.5    Recession impact analysis    174
7.6.2    MICRO    175
7.6.2.1    Military strength/recruitment    175
7.6.2.2    Military modernization    175
7.6.2.3    Soldier welfare    176
7.7    EXPORT AND IMPORT/TRADE ANALYSIS    176
TABLE 78    FRANCE: EXPORT DATA (USD THOUSAND)    176
TABLE 79    FRANCE: IMPORT DATA (USD THOUSAND)    177
7.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    177
7.8.1    MILITARY    177
7.8.1.1    French Army    177
7.8.1.2    French Navy    177
7.8.1.3    French Air and Space Force    177
7.8.2    HOMELAND SECURITY    177
7.8.2.1    Ministry of the Interior    177
7.8.2.2    National Police    177
7.8.2.3    Gendarmerie Nationale    177
7.8.2.4    General Directorate for Internal Security    178
7.8.2.5    General Directorate of Foreign Security    178
7.8.2.6    Directorate-General for Civil Protection and Crisis Management    178
7.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    178
7.9.1    LAND    178
FIGURE 41    FRANCE: LAND FLEET (2018–2021)    179
7.9.2    AIRBORNE    179
FIGURE 42    FRANCE: AIR FLEET (2018–2021)    180
7.9.3    NAVAL    180
FIGURE 43    FRANCE: NAVAL FLEET (2019–2022)    181
7.9.4    SPACE    181
FIGURE 44    FRANCE: SATELLITES (2018–2021)    182
7.9.5    CYBER    182
7.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    182
7.10.1    ELECTRONICS    182
7.10.1.1    Intelligence, surveillance, and reconnaissance    182
7.10.1.2    Communication, navigation, and surveillance    183
7.10.1.3    Global navigation satellite system    183
7.10.1.4    Electronic warfare    184
7.10.1.5    Digital battlefield    184
7.10.2    ARMAMENTS    185
7.10.2.1    Weapons and munitions    185
7.10.2.2    Firearms and ammunition    185
TABLE 80    KEY FIREARMS USED BY FRENCH ARMED FORCES    186
TABLE 81    KEY CALIBERS USED BY FRENCH ARMED FORCES    186
7.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    186
7.11.1    ADVANCED    186
7.11.1.1    Use cases    186
7.11.2    CONVENTIONAL    187
7.11.2.1    Use cases    187
7.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    188
7.12.1    MILITARY FORCES    188
7.12.1.1    Army    188
7.12.1.2    Navy    188
7.12.1.3    Air and Space Force    188
7.12.1.4    Gendarmerie    188
7.12.2    SPECIAL FORCES    188
7.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    189
7.13.1    MILITARY EXPENSE    189
7.13.2    ADMIN EXPENSE    189
7.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    190
7.14.1    FOREIGN MILITARY SALES    190
7.14.2    INDIGENOUS SALES    190
7.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    191
7.15.1    COMPETITIVE LANDSCAPE    191
7.15.1.1    Company ranking analysis    191
FIGURE 45    RANKING ANALYSIS OF TOP 3 PLAYERS IN FRANCE DEFENSE BUDGET ANALYSIS, 2022    191
7.15.1.2    Competitive benchmarking    191
TABLE 82    FRANCE DEFENSE BUDGET ANALYSIS MARKET: COMPETITIVE BENCHMARKING    191
7.15.2    PRIME CONTRACTORS    192
7.15.2.1    Airbus SE    192
7.15.2.1.1    Business overview    192
TABLE 83    AIRBUS SE: COMPANY OVERVIEW    192
FIGURE 46    AIRBUS SE: COMPANY SNAPSHOT    193
7.15.2.1.2    SWOT analysis    193
7.15.2.1.3    Recent developments    194
7.15.2.1.4    MnM view    194
7.15.2.2    Safran SA    195
7.15.2.2.1    Business overview    195
TABLE 84    SAFRAN SA: COMPANY OVERVIEW    195
FIGURE 47    SAFRAN SA: COMPANY SNAPSHOT    196
7.15.2.2.2    SWOT analysis    196
7.15.2.2.3    Recent Developments    197
7.15.2.2.4    MnM View    198
7.15.2.3    Thales SA    198
7.15.2.3.1    Business overview    198
TABLE 85    THALES SA: COMPANY OVERVIEW    198
FIGURE 48    THALES SA: COMPANY SNAPSHOT    199
7.15.2.3.2    SWOT analysis    199
7.15.2.3.3    Recent developments    200
7.15.2.3.4    MnM view    200
8    GERMANY DEFENSE BUDGET ANALYSIS    201
8.1    INTRODUCTION    201
FIGURE 49    GERMANY: DEFENSE BUDGET (2016−2022)    201
TABLE 86    GERMANY: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    201
TABLE 87    GERMANY: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    202
TABLE 88    GERMANY: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    202
TABLE 89    GERMANY: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    202
TABLE 90    GERMANY: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    202
TABLE 91    GERMANY: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    203
TABLE 92    GERMANY: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    203
TABLE 93    GERMANY: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    203
TABLE 94    GERMANY: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    204
TABLE 95    GERMANY: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    204
TABLE 96    GERMANY: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    204
TABLE 97    GERMANY: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    204
8.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    205
FIGURE 50    REVENUE SHIFT AND NEW REVENUE POCKETS    205
8.3    REGULATORY AND POLICY LANDSCAPE    206
8.4    IMPACT OF MEGATRENDS    206
8.5    TECHNOLOGY TRENDS    207
8.5.1    NETWORK-CENTRIC WARFARE    207
8.5.2    ADVANCED SENSORS AND SURVEILLANCE    207
8.6    TREND INDICATORS    208
8.6.1    MACRO    208
8.6.1.1    GDP and defense budget share (%) of GDP    208
FIGURE 51    GERMANY: DEFENSE BUDGET AS % OF GDP (2016−2022)    208
8.6.1.2    Geopolitical intensity/external disputes    208
8.6.1.3    Development index    209
8.6.1.4    Terrorism index    209
8.6.1.5    Recession impact analysis    209
8.6.2    MICRO    209
8.6.2.1    Military strength/recruitment    209
8.6.2.2    Military modernization    209
8.6.2.3    Soldier welfare    210
8.7    EXPORT AND IMPORT/TRADE ANALYSIS    210
TABLE 98    GERMANY: EXPORT DATA (USD THOUSAND)    210
TABLE 99    GERMANY: IMPORT DATA (USD THOUSAND)    211
8.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    211
8.8.1    MILITARY    211
8.8.1.1    Army    211
8.8.1.2    Navy    211
8.8.1.3    Air Force    211
8.8.1.4    Joint Support Service    211
8.8.1.5    Cyber and Information Domain Service    211
8.8.1.6    Medical Service    211
8.8.1.7    Military Police    211
8.8.2    HOMELAND SECURITY    212
8.8.2.1    Federal Police    212
8.8.2.2    Federal Criminal Police Office    212
8.8.2.3    State Police    212
8.8.2.4    Federal Office for the Protection of the Constitution    212
8.8.2.5    Federal Agency for Technical Relief    212
8.8.2.6    Customs Administration    212
8.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    212
8.9.1    LAND    212
FIGURE 52    GERMANY: LAND FLEET (2018−2021)    213
8.9.2    AIRBORNE    213
FIGURE 53    GERMANY: AIR FLEET (2018−2021)    214
8.9.3    NAVAL    214
FIGURE 54    GERMANY: NAVAL FLEET (2019–2022)    215
8.9.4    SPACE    215
FIGURE 55    GERMANY: SATELLITES (2018–2021)    216
8.9.5    CYBER    216
8.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    216
8.10.1    ELECTRONICS    216
8.10.1.1    Intelligence, surveillance, and reconnaissance    216
8.10.1.2    Communication, navigation, and surveillance    217
8.10.1.3    Global navigation satellite system    217
8.10.1.4    Electronic warfare    217
8.10.1.5    Digital battlefield    218
8.10.2    ARMAMENTS    218
8.10.2.1    Weapons and munitions    218
8.10.2.2    Firearms and ammunition    218
TABLE 100    KEY FIREARMS USED BY GERMAN ARMED FORCES    219
TABLE 101    KEY CALIBERS USED BY GERMAN ARMED FORCES    219

8.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    220
8.11.1    ADVANCED    220
8.11.1.1    Use cases    220
8.11.2    CONVENTIONAL    220
8.11.2.1    Use cases    220
8.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    221
8.12.1    MILITARY FORCES    221
8.12.1.1    German Army    221
8.12.1.2    German Navy    221
8.12.1.3    German Air Force    221
8.12.1.4    Joint Support Service    221
8.12.1.5    Cyber and Information Domain Service    221
8.12.2    SPECIAL FORCES    221
8.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    222
8.13.1    MILITARY EXPENSE    222
8.13.2    ADMIN EXPENSE    222
8.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    222
8.14.1    FOREIGN MILITARY SALES    222
8.14.2    INDIGENOUS SALES    222
8.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    223
8.15.1    COMPETITIVE LANDSCAPE    223
8.15.1.1    Company ranking analysis    223
FIGURE 56    RANKING ANALYSIS OF TOP 3 PLAYERS IN GERMANY DEFENSE BUDGET ANALYSIS, 2022    223
8.15.1.2    Competitive benchmarking    223
TABLE 102    GERMANY DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    223
8.15.2    PRIME CONTRACTORS    223
8.15.2.1    Rheinmetall AG    223
8.15.2.1.1    Business overview    223
TABLE 103    RHEINMETALL AG: COMPANY OVERVIEW    224
FIGURE 57    RHEINMETALL AG: COMPANY SNAPSHOT    224
8.15.2.1.2    SWOT analysis    225
8.15.2.1.3    Recent developments    225
8.15.2.1.4    MnM view    226
8.15.2.2    Leonardo SpA    226
8.15.2.2.1    Business overview    226
TABLE 104    LEONARDO SPA: COMPANY OVERVIEW    226
FIGURE 58    LEONARDO SPA: COMPANY SNAPSHOT    227
8.15.2.2.2    SWOT analysis    227
8.15.2.2.3    Recent developments    228
8.15.2.2.4    MnM view    228

8.15.2.3    Thales SA    229
TABLE 105    THALES SA: COMPANY OVERVIEW    229
9    RUSSIA DEFENSE BUDGET ANALYSIS    230
9.1    INTRODUCTION    230
FIGURE 59    RUSSIA: DEFENSE BUDGET (2016–2022)    230
TABLE 106    RUSSIA: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    230
TABLE 107    RUSSIA: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    230
TABLE 108    RUSSIA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    231
TABLE 109    RUSSIA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    231
TABLE 110    RUSSIA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    231
TABLE 111    RUSSIA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    231
TABLE 112    RUSSIA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    232
TABLE 113    RUSSIA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    232
TABLE 114    RUSSIA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    232
TABLE 115    RUSSIA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    232
TABLE 116    RUSSIA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    233
TABLE 117    RUSSIA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    233
9.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    233
FIGURE 60    REVENUE SHIFT AND NEW REVENUE POCKETS    234
9.3    REGULATORY AND POLICY LANDSCAPE    234
9.4    IMPACT OF MEGATRENDS    235
9.5    TECHNOLOGY TRENDS    235
9.5.1    ASYMMETRIC FORCE-MULTIPLIER TECHNOLOGIES    235
9.5.2    HYPERSONIC MISSILES    236
9.6    TREND INDICATORS    236
9.6.1    MACRO    236
9.6.1.1    GDP and defense budget share (%) of GDP    236
FIGURE 61    RUSSIA: DEFENSE BUDGET AS % OF GDP (2016–2022)    236
9.6.1.2    Geopolitical intensity/external disputes    236
9.6.1.3    Development index    237
9.6.1.4    Terrorism index    237
9.6.1.5    Recession impact analysis    237
9.6.2    MICRO    238
9.6.2.1    Military strength/recruitment    238
9.6.2.2    Military modernization    238
9.6.2.3    Soldier welfare    238
9.7    EXPORT AND IMPORT/TRADE ANALYSIS    239
9.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    239
9.8.1    MILITARY    239
9.8.1.1    Ministry of Defense    239
9.8.1.2    Ground Forces    239
9.8.1.3    Navy    239
9.8.1.4    Aerospace Forces    239
9.8.1.5    Strategic Missile Troops    239
9.8.1.6    Airborne Troops    240
9.8.1.7    Space Forces    240
9.8.2    HOMELAND SECURITY    240
9.8.2.1    Federal Security Service    240
9.8.2.2    Ministry of Internal Affairs    240
9.8.2.3    National Guard of Russia    240
9.8.2.4    Ministry of Emergency Situations    240
9.8.2.5    Border Guard Service    240
9.8.2.6    Federal Protective Service    240
9.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    241
9.9.1    LAND    241
FIGURE 62    RUSSIA: LAND FLEET (2018–2021)    241
9.9.2    AIRBORNE    242
FIGURE 63    RUSSIA: AIR FLEET (2018–2021)    242
9.9.3    NAVAL    243
FIGURE 64    RUSSIA: NAVAL FLEET (2019–2022)    243
9.9.4    SPACE    244
FIGURE 65    RUSSIA: SATELLITES (2018–2021)    244
9.9.5    CYBER    244
9.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    245
9.10.1    ELECTRONICS    245
9.10.1.1    Intelligence, surveillance, and reconnaissance    245
9.10.1.2    Communication, navigation, and surveillance    245
9.10.1.3    Global navigation satellite system    246
9.10.1.4    Electronic warfare    246
9.10.1.5    Digital battlefield    247
9.10.2    ARMAMENTS    247
9.10.2.1    Weapons and munitions    247
9.10.2.2    Firearms and ammunition    248
TABLE 118    KEY FIREARMS USED BY RUSSIAN ARMED FORCES    248
TABLE 119    KEY CALIBERS USED BY RUSSIAN ARMED FORCES    249

9.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    249
9.11.1    ADVANCED    249
9.11.1.1    Use cases    249
9.11.2    CONVENTIONAL    250
9.11.2.1    Use cases    250
9.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    250
9.12.1    MILITARY FORCES    250
9.12.1.1    Russian Armed Forces    250
9.12.1.2    Russian Ground Forces    250
9.12.1.3    Russian Navy    250
9.12.1.4    Russian Aerospace Forces    250
9.12.1.5    Strategic Missile Troops    250
9.12.1.6    Russian Airborne Troops    250
9.12.2    SPECIAL FORCES    251
9.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    251
9.13.1    MILITARY EXPENSE    251
9.13.2    ADMIN EXPENSE    252
9.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    252
9.14.1    FOREIGN MILITARY SALES    252
9.14.2    INDIGENOUS SALES    252
9.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    253
9.15.1    COMPETITIVE LANDSCAPE    253
9.15.1.1    Company ranking analysis    253
FIGURE 66    RANKING ANALYSIS OF TOP 3 PLAYERS IN RUSSIA DEFENSE BUDGET ANALYSIS, 2022    253
9.15.1.2    Competitive benchmarking    253
TABLE 120    RUSSIA DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    253
9.15.2    PRIME CONTRACTORS    254
9.15.2.1    UralVagonZavod (UVZ)    254
9.15.2.1.1    Business overview    254
TABLE 121    URALVAGONZAVOD (UVZ): COMPANY OVERVIEW    254
9.15.2.1.2    SWOT analysis    254
9.15.2.1.3    Recent developments    255
9.15.2.1.4    MnM view    255
9.15.2.2    United Aircraft Corporation (UAC)    256
9.15.2.2.1    Business overview    256
TABLE 122    UNITED AIRCRAFT CORPORATION (UAC): COMPANY OVERVIEW    256
9.15.2.2.2    SWOT analysis    256
9.15.2.2.3    Recent developments    257
9.15.2.2.4    MnM view    257
9.15.2.3    United Shipbuilding Corporation (USC)    258
9.15.2.3.1    Business overview    258
TABLE 123    UNITED SHIPBUILDING CORPORATION (USC): COMPANY OVERVIEW    258
9.15.2.3.2    SWOT analysis    258
9.15.2.3.3    Recent Developments    259
9.15.2.3.4    MnM view    259
10    ITALY DEFENSE BUDGET ANALYSIS    260
10.1    INTRODUCTION    260
FIGURE 67    ITALY: DEFENSE BUDGET (2016–2022)    260
TABLE 124    ITALY: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    260
TABLE 125    ITALY: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    261
TABLE 126    ITALY: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    261
TABLE 127    ITALY: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    261
TABLE 128    ITALY: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    261
TABLE 129    ITALY: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    262
TABLE 130    ITALY: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    262
TABLE 131    ITALY: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    262
TABLE 132    ITALY: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    263
TABLE 133    ITALY: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    263
TABLE 134    ITALY: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    263
TABLE 135    ITALY: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    263
10.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    264
FIGURE 68    REVENUE SHIFT AND NEW REVENUE POCKETS    264
10.3    REGULATORY AND POLICY LANDSCAPE    265
10.4    IMPACT OF MEGATRENDS    265"    "10.5    TECHNOLOGY TRENDS    266
10.5.1    CYBER DEFENSE    266
10.5.2    DIRECTED ENERGY WEAPONS    266
10.6    TREND INDICATORS    267
10.6.1    MACRO    267
10.6.1.1    GDP and defense budget share (%) of GDP    267
FIGURE 69    ITALY: DEFENSE BUDGET AS % OF GDP (2016–2022)    267
10.6.1.2    Geopolitical intensity/external disputes    267
10.6.1.3    Development index    267
10.6.1.4    Terrorism index    267
10.6.1.5    Recession impact analysis    267
10.6.2    MICRO    268
10.6.2.1    Military strength/recruitment    268
10.6.2.2    Military modernization    268
10.6.2.3    Soldier welfare    268
10.7    EXPORT AND IMPORT/TRADE ANALYSIS    269
TABLE 136    ITALY: EXPORT DATA (USD THOUSAND)    269
TABLE 137    ITALY: IMPORT DATA (USD THOUSAND)    269
10.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    270
10.8.1    MILITARY    270
10.8.1.1    Italian Army (Esercito Italiano)    270
10.8.1.2    Italian Navy (Marina Militare)    270
10.8.1.3    Italian Air Force (Aeronautica Militare)    270
10.8.1.4    Carabinieri    270
10.8.2    HOMELAND SECURITY    270
10.8.2.1    Ministry of Interior (Ministero dell'Interno)    270
10.8.2.2    State Police (Polizia di Stato)    270
10.8.2.3    Guardia di Finanza    270
10.8.2.4    Customs and Border Protection (Agenzia delle Dogane e dei Monopoli)    270
10.8.2.5    Civil Protection Department (Dipartimento della Protezione Civile)    271
10.8.2.6    Intelligence and Security Services    271
10.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    271
10.9.1    LAND    271
FIGURE 70    ITALY: LAND FLEET (2018–2021)    272
10.9.2    AIRBORNE    272
FIGURE 71    ITALY: AIR FLEET (2018–2021)    273
10.9.3    NAVAL    273
FIGURE 72    ITALY: NAVAL FLEET (2019–2022)    274
10.9.4    SPACE    274
FIGURE 73    ITALY: SATELLITES (2018–2021)    275
10.9.5    CYBER    275
10.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    276
10.10.1    ELECTRONICS    276
10.10.1.1    Intelligence, surveillance, and reconnaissance    276
10.10.1.2    Communication, navigation, and surveillance    276
10.10.1.3    Global navigation satellite system    276
10.10.1.4    Electronic warfare    277
10.10.1.5    Digital battlefield    277
10.10.2    ARMAMENTS    277
10.10.2.1    Weapons and munitions    277
10.10.2.2    Firearms and ammunition    277
TABLE 138    KEY FIREARMS USED BY ITALIAN ARMED FORCES    278
TABLE 139    KEY CALIBERS USED BY ITALIAN ARMED FORCES    278
10.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    279
10.11.1    ADVANCED    279
10.11.1.1    Use cases    279
10.11.2    CONVENTIONAL    279
10.11.2.1    Use cases    279
10.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    279
10.12.1    MILITARY FORCES    279
10.12.2    SPECIAL FORCES    280
10.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    280
10.13.1    MILITARY EXPENSE    280
10.13.2    ADMIN EXPENSE    280
10.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    280
10.14.1    FOREIGN MILITARY SALES    280
10.14.2    INDIGENOUS SALES    281
10.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    281
10.15.1    COMPETITIVE LANDSCAPE    281
10.15.1.1    Company ranking analysis    281
FIGURE 74    RANKING ANALYSIS OF TOP 3 PLAYERS IN ITALY DEFENSE BUDGET ANALYSIS, 2022    281
10.15.1.2    Competitive benchmarking    282
TABLE 140    ITALY DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    282
10.15.2    PRIME CONTRACTORS    282
10.15.2.1    Northrop Grumman Corporation    282
TABLE 141    NORTHROP GRUMMAN CORPORATION: COMPANY OVERVIEW    282
10.15.2.2    Leonardo SpA    282
10.15.2.2.1    Business overview    282
TABLE 142    LEONARDO SPA: COMPANY OVERVIEW    283
FIGURE 75    LEONARDO SPA: COMPANY SNAPSHOT    283
10.15.2.2.2    SWOT analysis    283
10.15.2.2.3    Recent developments    284
10.15.2.2.4    MnM view    285
10.15.2.3    Thales SA    285
TABLE 143    THALES SA: COMPANY OVERVIEW    285
11    CHINA DEFENSE BUDGET ANALYSIS    286
11.1    INTRODUCTION    286
FIGURE 76    CHINA: DEFENSE BUDGET (2016–2022)    286
TABLE 144    CHINA: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    286
TABLE 145    CHINA: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    287
TABLE 146    CHINA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    287
TABLE 147    CHINA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    287
TABLE 148    CHINA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    287
TABLE 149    CHINA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    288
TABLE 150    CHINA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    288
TABLE 151    CHINA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    288
TABLE 152    CHINA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    289
TABLE 153    CHINA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    289
TABLE 154    CHINA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    289
TABLE 155    CHINA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    289
11.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    290
FIGURE 77    REVENUE SHIFT AND NEW REVENUE POCKETS    291
11.3    REGULATORY AND POLICY LANDSCAPE    291
11.4    IMPACT OF MEGATRENDS    292
11.5    TECHNOLOGY TRENDS    292
11.5.1    ARTIFICIAL INTELLIGENCE    292
11.5.2    SWARMING MUNITIONS    293
11.6    TREND INDICATORS    294
11.6.1    MACRO    294
11.6.1.1    GDP and defense budget share (%) of GDP    294
FIGURE 78    CHINA: DEFENSE BUDGET AS % OF GDP (2016–2022)    294
11.6.1.2    Geopolitical intensity/external disputes    294
11.6.1.3    Development index    295
11.6.1.4    Terrorism index    295
11.6.1.5    Recession impact analysis    295
11.6.2    MICRO    295
11.6.2.1    Military strength/recruitment    295
11.6.2.2    Military modernization    296
11.6.2.3    Soldier welfare    296
11.7    EXPORT AND IMPORT/TRADE ANALYSIS    296
TABLE 156    CHINA: EXPORT DATA (USD THOUSAND)    297
TABLE 157    CHINA: IMPORT DATA (USD THOUSAND)    297
11.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    297
11.8.1    MILITARY    297
11.8.1.1    Central Military Commission    297
11.8.1.2    People's Liberation Army    297
11.8.1.3    Ground Force    297
11.8.1.4    Navy    297
11.8.1.5    Air Force    297
11.8.1.6    Rocket Force    298
11.8.1.7    Strategic Support Force    298
11.8.2    HOMELAND SECURITY    298
11.8.2.1    Ministry of Public Security    298
11.8.2.2    People's Armed Police    298
11.8.2.3    State Administration for Market Regulation    298
11.8.2.4    State Administration of Work Safety    298
11.8.2.5    National Administration of State Secrets Protection    298
11.8.2.6    Ministry of State Security    298
11.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    299
11.9.1    LAND    299
FIGURE 79    CHINA: LAND FLEET (2018–2021)    299
11.9.2    AIRBORNE    300
FIGURE 80    CHINA: AIR FLEET (2018–2021)    300
11.9.3    NAVAL    301
FIGURE 81    CHINA: NAVAL FLEET (2019–2022)    301
11.9.4    SPACE    302
FIGURE 82    CHINA: SATELLITES (2018–2021)    302
11.9.5    CYBER    303
11.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    303
11.10.1    ELECTRONICS    303
11.10.1.1    Intelligence, surveillance, and reconnaissance    303
11.10.1.2    Communication, navigation, and surveillance    303
11.10.1.3    Global navigation satellite system    304
11.10.1.4    Electronic warfare    304
11.10.1.5    Digital battlefield    305
11.10.2    ARMAMENTS    305
11.10.2.1    Weapons and munitions    305
11.10.2.2    Firearms and ammunition    305
TABLE 158    KEY FIREARMS USED BY CHINESE ARMED FORCES    306
TABLE 159    KEY CALIBERS USED BY CHINESE ARMED FORCES    306
11.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    307
11.11.1    ADVANCED    307
11.11.1.1    Use cases    307
11.11.2    CONVENTIONAL    307
11.11.2.1    Use cases    307
11.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    308
11.12.1    MILITARY FORCES    308
11.12.1.1    PLA Army    308
11.12.1.2    PLA Navy    308
11.12.1.3    PLA Air Force    308
11.12.1.4    Rocket Force    308
11.12.1.5    Strategic Support Force    308
11.12.1.6    People's Armed Police    308
11.12.2    SPECIAL FORCES    308
11.12.2.1    Special Operations Forces    308
11.12.2.2    Navy Marine Corps    308
11.12.2.3    Air Force Special Operations Forces    309
11.12.2.4    Reconnaissance Units    309
11.12.2.5    Snow Leopard Commando Unit    309
11.12.2.6    Night Tiger Commando Unit    309
11.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    309
11.13.1    MILITARY EXPENSE    309
11.13.2    ADMIN EXPENSE    310
11.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    310
11.14.1    FOREIGN MILITARY SALES    310
11.14.2    INDIGENOUS SALES    310
11.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    311
11.15.1    COMPETITIVE LANDSCAPE    311
11.15.1.1    Company ranking analysis    311
FIGURE 83    RANKING ANALYSIS OF TOP 3 PLAYERS IN CHINA DEFENSE BUDGET ANALYSIS, 2022    311
11.15.1.2    Competitive benchmarking    311
TABLE 160    CHINA DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    311
11.15.2    PRIME CONTRACTORS    312
11.15.2.1    AVIC Shenyang Aircraft Co., Ltd.    312
11.15.2.1.1    Business overview    312
TABLE 161    AVIC SHENYANG AIRCRAFT CO., LTD.: COMPANY OVERVIEW    312
11.15.2.1.2    SWOT analysis    312
11.15.2.1.3    Recent developments    313
11.15.2.1.4    MnM view    313
11.15.2.2    AECC Aviation Power Co. Ltd.    314
11.15.2.2.1    Business overview    314
TABLE 162    AECC AVIATION POWER CO. LTD.: COMPANY OVERVIEW    314
11.15.2.2.2    SWOT analysis    314
11.15.2.2.3    Recent developments    315
11.15.2.2.4    MnM view    315
11.15.2.3    China CSSC Holdings Ltd.    316
11.15.2.3.1    Business overview    316
TABLE 163    CHINA CSSC HOLDINGS LTD.: COMPANY OVERVIEW    316
11.15.2.3.2    SWOT Analysis    316
11.15.2.3.3    Recent developments    317
11.15.2.3.4    MnM view    317
12    INDIA DEFENSE BUDGET ANALYSIS    318
12.1    INTRODUCTION    318
FIGURE 84    INDIA: DEFENSE BUDGET (2016–2022)    318
TABLE 164    INDIA: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    319
TABLE 165    INDIA: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    319
TABLE 166    INDIA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    319
TABLE 167    INDIA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    319
TABLE 168    INDIA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    320
TABLE 169    INDIA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    320
TABLE 170    INDIA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    320
TABLE 171    INDIA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    321
TABLE 172    INDIA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    321
TABLE 173    INDIA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    321
TABLE 174    INDIA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    321
TABLE 175    INDIA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    322
12.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    322
FIGURE 85    REVENUE SHIFT AND NEW REVENUE POCKETS    323
12.3    REGULATORY AND POLICY LANDSCAPE    323
12.4    IMPACT OF MEGATRENDS    324
12.5    TECHNOLOGY TRENDS    324
12.5.1    HYPERSONIC WEAPONS    324
12.5.2    ANTI-SATELLITE MISSILES    325
12.6    TREND INDICATORS    325
12.6.1    MACRO    325
12.6.1.1    GDP and defense budget share (%) of GDP    325
FIGURE 86    INDIA: DEFENSE BUDGET AS % OF GDP (2016–2022)    325
12.6.1.2    Geopolitical intensity/external disputes    326
12.6.1.3    Development index    326
12.6.1.4    Terrorism index    326
12.6.1.5    Recession impact analysis    326
12.6.2    MICRO    327
12.6.2.1    Military strength/recruitment    327
12.6.2.2    Military modernization    327
12.6.2.3    Soldier welfare    328
12.7    EXPORT AND IMPORT/TRADE ANALYSIS    328
TABLE 176    INDIA: EXPORT DATA (USD THOUSAND)    328
TABLE 177    INDIA: IMPORT DATA (USD THOUSAND)    328
12.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    329
12.8.1    MILITARY    329
12.8.1.1    Ministry of Defence (MOD)    329
12.8.1.2    Indian Army    329
12.8.1.3    Indian Navy    329
12.8.1.4    Indian Air Force    329
12.8.1.5    Defence Research and Development Organization (DRDO)    329
12.8.1.6    Defence Acquisition Council (DAC)    329
12.8.1.7    Integrated Defence Staff (IDS)    329
12.8.2    HOMELAND SECURITY    329
12.8.2.1    Ministry of Home Affairs    329
12.8.2.2    Central Reserve Police Force    329
12.8.2.3    Border Security Force    330
12.8.2.4    Central Industrial Security Force    330
12.8.2.5    National Security Guard    330
12.8.2.6    Intelligence Bureau    330
12.8.2.7    National Investigation Agency    330
12.8.2.8    State Police Departments    330
12.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    330
12.9.1    LAND    330
FIGURE 87    INDIA: LAND FLEET (2018–2021)    331
12.9.2    AIRBORNE    331
FIGURE 88    INDIA: AIR FLEET (2018–2021)    332
12.9.3    NAVAL    332
FIGURE 89    INDIA: NAVAL FLEET (2019–2022)    333
12.9.4    SPACE    333
FIGURE 90    INDIA: SATELLITES (2018–2021)    334
12.9.5    CYBER    334
12.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    335
12.10.1    ELECTRONICS    335
12.10.1.1    Intelligence, surveillance, and reconnaissance    335
12.10.1.2    Communication, navigation, and surveillance    335
12.10.1.3    Global navigation satellite system    336
12.10.1.4    Electronic warfare    336
12.10.1.5    Digital battlefield    337
12.10.2    ARMAMENTS    337
12.10.2.1    Weapons and munitions    337
12.10.2.2    Firearms and ammunition    337
TABLE 178    KEY FIREARMS USED BY INDIAN ARMED FORCES    338
TABLE 179    KEY CALIBERS USED BY INDIAN ARMED FORCES    338
12.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    339
12.11.1    ADVANCED    339
12.11.1.1    Use cases    339
12.11.2    CONVENTIONAL    339
12.11.2.1    Use cases    339
12.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    340
12.12.1    MILITARY FORCES    340
12.12.1.1    Indian Army    340
12.12.1.2    Indian Navy    340
12.12.1.3    Indian Air Force    340
12.12.1.4    Indian Coast Guard    340
12.12.2    SPECIAL FORCES    340
12.12.2.1    Para    340
12.12.2.2    MARCOS    341
12.12.2.3    Garud Commando Force    341
12.12.2.4    National Security Guard    341
12.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    341
12.13.1    MILITARY EXPENSE    341
12.13.2    ADMIN EXPENSE    341
12.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    342
12.14.1    FOREIGN MILITARY SALES    342
12.14.2    INDIGENOUS SALES    342
12.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    343
12.15.1    COMPETITIVE LANDSCAPE    343
12.15.1.1    Company ranking analysis    343
FIGURE 91    RANKING ANALYSIS OF TOP 3 PLAYERS IN INDIA DEFENSE BUDGET ANALYSIS, 2022    343
12.15.1.2    Competitive benchmarking    343
TABLE 180    INDIA DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    343
12.15.2    PRIME CONTRACTORS    344
12.15.2.1    Bharat Dynamics Ltd.    344
12.15.2.1.1    Business overview    344
TABLE 181    BHARAT DYNAMICS LTD.: COMPANY OVERVIEW    344
FIGURE 92    BHARAT DYNAMICS LTD.: COMPANY SNAPSHOT    344
12.15.2.1.2    SWOT analysis    345
12.15.2.1.3    Recent developments    346
12.15.2.1.4    MnM view    346
12.15.2.2    Bharat Electronics Ltd.    346
12.15.2.2.1    Business overview    346

TABLE 182    BHARAT ELECTRONICS LTD.: COMPANY OVERVIEW    346
FIGURE 93    BHARAT ELECTRONICS LTD.: COMPANY SNAPSHOT    347
12.15.2.2.2    SWOT analysis    347
12.15.2.2.3    Recent developments    348
12.15.2.2.4    MnM view    348
12.15.2.3    Hindustan Aeronautics Ltd.    349
12.15.2.3.1    Business overview    349
TABLE 183    HINDUSTAN AERONAUTICS LTD.: COMPANY OVERVIEW    349
FIGURE 94    HINDUSTAN AERONAUTICS LTD.: COMPANY SNAPSHOT    349
12.15.2.3.2    SWOT analysis    350
12.15.2.3.3    Recent developments    351
12.15.2.3.4    MnM view    351
13    JAPAN DEFENSE BUDGET ANALYSIS    352
13.1    INTRODUCTION    352
FIGURE 95    JAPAN: DEFENSE BUDGET (2016–2022)    352
TABLE 184    JAPAN: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    352
TABLE 185    JAPAN: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    353
TABLE 186    JAPAN: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    353
TABLE 187    JAPAN: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    353
TABLE 188    JAPAN: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    353
TABLE 189    JAPAN: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    354
TABLE 190    JAPAN: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    354
TABLE 191    JAPAN: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    354
TABLE 192    JAPAN: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    355
TABLE 193    JAPAN: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    355
TABLE 194    JAPAN: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    355
TABLE 195    JAPAN: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    355
13.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    356
FIGURE 96    REVENUE SHIFT AND NEW REVENUE POCKETS    356
13.3    REGULATORY AND POLICY LANDSCAPE    356
13.4    IMPACT OF MEGATRENDS    357
13.5    TECHNOLOGY TRENDS    357
13.5.1    LONG-RANGE MISSILES    357
13.5.2    HIGH-POWER MICROWAVE    358
13.6    TREND INDICATORS    358
13.6.1    MACRO    358
13.6.1.1    GDP and defense budget share (%) of GDP    358
FIGURE 97    JAPAN: DEFENSE BUDGET AS % OF GDP (2016–2022)    358
13.6.1.2    Geopolitical intensity/external disputes    358
13.6.1.3    Development index    359
13.6.1.4    Terrorism index    359
13.6.1.5    Recession impact analysis    359
13.6.2    MICRO    359
13.6.2.1    Military strength/recruitment    359
13.6.2.2    Military modernization    359
13.6.2.3    Soldier welfare    360
13.7    EXPORT AND IMPORT/TRADE ANALYSIS    360
TABLE 196    JAPAN: EXPORT DATA (USD THOUSAND)    360
TABLE 197    JAPAN: IMPORT DATA (USD THOUSAND)    361
13.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    361
13.8.1    MILITARY    361
13.8.1.1    Ministry of Defense    361
13.8.1.2    Defense Agency    361
13.8.1.3    Self-Defense Forces    361
13.8.1.4    National Security Council    361
13.8.1.5    National Defense Council    361
13.8.2    HOMELAND SECURITY    361
13.8.2.1    Ground Self-Defense Force    361
13.8.2.2    Maritime Self-Defense Force    362
13.8.2.3    Air Self-Defense Force    362
13.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    362
13.9.1    LAND    362
FIGURE 98    JAPAN: LAND FLEET (2018–2021)    362
13.9.2    AIRBORNE    363
FIGURE 99    JAPAN: AIR FLEET (2018–2021)    363
13.9.3    NAVAL    364
FIGURE 100    JAPAN: NAVAL FLEET (2019–2022)    364
13.9.4    SPACE    365
FIGURE 101    JAPAN: SATELLITES (2018–2021)    365
13.9.5    CYBER    365
13.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    366
13.10.1    ELECTRONICS    366
13.10.1.1    Intelligence, surveillance, and reconnaissance    366
13.10.1.2    Communication, navigation, and surveillance    366
13.10.1.3    Global navigation satellite system    366
13.10.1.4    Electronic warfare    367
13.10.1.5    Digital battlefield    367
13.10.2    ARMAMENTS    367
13.10.2.1    Weapons and munitions    367
13.10.2.2    Firearms and ammunition    368
TABLE 198    KEY FIREARMS USED BY JAPANESE ARMED FORCES    368
TABLE 199    KEY CALIBERS USED BY JAPANESE ARMED FORCES    368
13.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    369
13.11.1    ADVANCED    369
13.11.1.1    Use cases    369
13.11.2    CONVENTIONAL    369
13.11.2.1    Use cases    369
13.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    370
13.12.1    MILITARY FORCES    370
13.12.2    SPECIAL FORCES    370
13.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    370
13.13.1    MILITARY EXPENSES    370
13.13.2    ADMIN EXPENSES    371
13.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    371
13.14.1    FOREIGN MILITARY SALES    371
13.14.2    INDIGENOUS SALES    371
13.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    372
13.15.1    COMPETITIVE LANDSCAPE    372
13.15.1.1    Company ranking analysis    372
FIGURE 102    RANKING ANALYSIS OF TOP 3 PLAYERS IN JAPAN DEFENSE BUDGET ANALYSIS, 2022    372
13.15.1.2    Competitive benchmarking    372
TABLE 200    JAPAN DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    372
13.15.2    PRIME CONTRACTORS    373
13.15.2.1    Kawasaki Heavy Industries, Ltd.    373
13.15.2.1.1    Business overview    373
TABLE 201    KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW    373
FIGURE 103    KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT    373
13.15.2.1.2    SWOT analysis    374
13.15.2.1.3    Recent developments    374
13.15.2.1.4    MnM view    374
13.15.2.2    Mitsubishi Heavy Industries, Ltd.    375
13.15.2.2.1    Business overview    375
TABLE 202    MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW    375
13.15.2.2.2    SWOT analysis    375
13.15.2.2.3    Recent developments    376
13.15.2.2.4    MnM view    376

13.15.2.3    NEC Corporation    377
13.15.2.3.1    Business overview    377
TABLE 203    NEC CORPORATION: COMPANY OVERVIEW    377
13.15.2.3.2    SWOT analysis    377
13.15.2.3.3    Recent developments    378
13.15.2.3.4    MnM view    378
14    SOUTH KOREA DEFENSE BUDGET ANALYSIS    379
14.1    INTRODUCTION    379
FIGURE 104    SOUTH KOREA: DEFENSE BUDGET (2016–2022)    379
TABLE 204    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    379
TABLE 205    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    380
TABLE 206    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    380
TABLE 207    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    380
TABLE 208    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    380
TABLE 209    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    381
TABLE 210    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    381
TABLE 211    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    381
TABLE 212    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    382
TABLE 213    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    382
TABLE 214    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    382
TABLE 215    SOUTH KOREA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    382
14.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    383
FIGURE 105    REVENUE SHIFT AND NEW REVENUE POCKETS    383
14.3    REGULATORY AND POLICY LANDSCAPE    383
14.4    IMPACT OF MEGATRENDS    384
14.5    TECHNOLOGY TRENDS    384
14.5.1    HYPERSONIC PROPULSION PLATFORMS    384
14.5.2    INTERMEDIATE-RANGE BALLISTIC MISSILES    385
14.6    TREND INDICATORS    385
14.6.1    MACRO    385
14.6.1.1    GDP and defense budget share (%) of GDP    385
FIGURE 106    SOUTH KOREA: DEFENSE BUDGET AS % OF GDP (2016–2022)    385
14.6.1.2    Geopolitical intensity/external disputes    385
14.6.1.3    Development index    386
14.6.1.4    Terrorism index    386
14.6.1.5    Recession impact analysis    386
14.6.2    MICRO    386
14.6.2.1    Military strength/recruitment    386
14.6.2.2    Military modernization    386
14.6.2.3    Soldier welfare    387
14.7    EXPORT AND IMPORT/TRADE ANALYSIS    387
TABLE 216    SOUTH KOREA: EXPORT DATA (USD THOUSAND)    387
TABLE 217    SOUTH KOREA: IMPORT DATA (USD THOUSAND)    388
14.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    388
14.8.1    MILITARY    388
14.8.1.1    Republic of Korea Army    388
14.8.1.2    Republic of Korea Navy    388
14.8.1.3    Republic of Korea Air Force    388
14.8.1.4    Republic of Korea Marine Corps    388
14.8.1.5    Defense Acquisition Program Administration    388
14.8.1.6    Joint Chiefs of Staff    388
14.8.2    HOMELAND SECURITY    388
14.8.2.1    Ministry of Interior and Safety    388
14.8.2.2    National Police Agency    389
14.8.2.3    Korea Coast Guard (KCG)    389
14.8.2.4    National Intelligence Service    389
14.8.2.5    Ministry of National Defense    389
14.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    389
14.9.1    LAND    389
FIGURE 107    SOUTH KOREA: LAND FLEET (2018–2021)    390
14.9.2    AIRBORNE    390
FIGURE 108    SOUTH KOREA: AIR FLEET (2018–2021)    391
14.9.3    NAVAL    391
FIGURE 109    SOUTH KOREA: NAVAL FLEET (2019–2022)    392
14.9.4    SPACE    392
FIGURE 110    SOUTH KOREA: SATELLITES (2018–2021)    393
14.9.5    CYBER    393
14.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    393
14.10.1    ELECTRONICS    393
14.10.1.1    Intelligence, surveillance, and reconnaissance    393
14.10.1.2    Communication, navigation, and surveillance    394
14.10.1.3    Global navigation satellite system    394
14.10.1.4    Electronic warfare    394
14.10.1.5    Digital battlefield    394

14.10.2    ARMAMENTS    395
14.10.2.1    Weapons and munitions    395
14.10.2.2    Firearms and ammunition    395
TABLE 218    KEY FIREARMS USED BY SOUTH KOREAN ARMED FORCES    396
TABLE 219    KEY CALIBERS USED BY SOUTH KOREAN ARMED FORCES    396
14.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    396
14.11.1    ADVANCED    396
14.11.1.1    Use cases    396
14.11.2    CONVENTIONAL    397
14.11.2.1    Use cases    397
14.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    397
14.12.1    MILITARY FORCES    397
14.12.2    SPECIAL FORCES    397
14.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    398
14.13.1    MILITARY EXPENSE    398
14.13.2    ADMIN EXPENSE    398
14.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    399
14.14.1    FOREIGN MILITARY SALES    399
14.14.2    INDIGENOUS SALES    399
14.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    399
14.15.1    COMPETITIVE LANDSCAPE    399
14.15.1.1    Company ranking analysis    399
FIGURE 111    RANKING ANALYSIS OF TOP 3 PLAYERS IN SOUTH KOREA DEFENSE BUDGET ANALYSIS, 2022    399
14.15.1.2    Competitive benchmarking    400
TABLE 220    SOUTH KOREA DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    400
14.15.2    PRIME CONTRACTORS    400
14.15.2.1    Hyundai Rotem Co    400
14.15.2.1.1    Business overview    400
TABLE 221    HYUNDAI ROTEM CO: COMPANY OVERVIEW    400
14.15.2.1.2    SWOT analysis    400
14.15.2.1.3    Recent developments    401
14.15.2.1.4    MnM view    401
14.15.2.2    Hanwha Corporation    402
14.15.2.2.1    Business overview    402
TABLE 222    HANWHA CORPORATION: COMPANY OVERVIEW    402
14.15.2.2.2    SWOT analysis    402
14.15.2.2.3    Recent developments    403
14.15.2.2.4    MnM view    403
14.15.2.3    Korea Aerospace Industries Ltd. (KAI)    403
14.15.2.3.1    Business overview    403
TABLE 223    KOREA AEROSPACE INDUSTRIES LTD. (KAI): COMPANY OVERVIEW    403
14.15.2.3.2    SWOT analysis    404
14.15.2.3.3    Recent developments    404
14.15.2.3.4    MnM view    405
15    AUSTRALIA DEFENSE BUDGET ANALYSIS    406
15.1    INTRODUCTION    406
FIGURE 112    AUSTRALIA: DEFENSE BUDGET (2016−2022)    406
TABLE 224    AUSTRALIA: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    406
TABLE 225    AUSTRALIA: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    407
TABLE 226    AUSTRALIA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    407
TABLE 227    AUSTRALIA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    407
TABLE 228    AUSTRALIA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    407
TABLE 229    AUSTRALIA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    408
TABLE 230    AUSTRALIA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    408
TABLE 231    AUSTRALIA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    408
TABLE 232    AUSTRALIA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    409
TABLE 233    AUSTRALIA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    409
TABLE 234    AUSTRALIA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    409
TABLE 235    AUSTRALIA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    409
15.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    410
FIGURE 113    REVENUE SHIFT AND NEW REVENUE POCKETS    410
15.3    REGULATORY AND POLICY LANDSCAPE    411
15.4    IMPACT OF MEGATRENDS    411
15.5    TECHNOLOGY TRENDS    412
15.5.1    SENSORS AND ANALYTICS    412
15.5.2    AUGMENTED REALITY AND VIRTUAL REALITY    412
15.6    TREND INDICATORS    412
15.6.1    MACRO    412
15.6.1.1    GDP and defense budget share (%) of GDP    412
FIGURE 114    AUSTRALIA: DEFENSE BUDGET AS % OF GDP (2016−2022)    412
15.6.1.2    Geopolitical intensity/external disputes    413
15.6.1.3    Development index    413
15.6.1.4    Terrorism index    413
15.6.1.5    Recession impact analysis    413

15.6.2    MICRO    414
15.6.2.1    Military strength/recruitment    414
15.6.2.2    Military modernization    414
15.6.2.3    Soldier welfare    414
15.7    EXPORT AND IMPORT/TRADE ANALYSIS    415
TABLE 236    AUSTRALIA: EXPORT DATA (USD THOUSAND)    415
TABLE 237    AUSTRALIA: IMPORT DATA (USD THOUSAND)    415
15.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    416
15.8.1    MILITARY    416
15.8.1.1    Department of Defense    416
15.8.1.2    Australian Defense Force    416
15.8.1.3    Australian Army    416
15.8.1.4    Royal Australian Navy    416
15.8.1.5    Royal Australian Air Force    416
15.8.1.6    Defense Science and Technology Group    416
15.8.1.7    Defense Materiel Organization    416
15.8.2    HOMELAND SECURITY    416
15.8.2.1    Department of Home Affairs    417
15.8.2.2    Australian Federal Police    417
15.8.2.3    Australian Security Intelligence Organization    417
15.8.2.4    Australian Border Force    417
15.8.2.5    Australian Security and Intelligence Review Agency    417
15.8.2.6    State and Territory Police Forces    417
15.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    417
15.9.1    LAND    417
FIGURE 115    AUSTRALIA: LAND FLEET (2018−2021)    418
15.9.2    AIRBORNE    418
FIGURE 116    AUSTRALIA: AIR FLEET (2018−2021)    419
15.9.3    NAVAL    419
FIGURE 117    AUSTRALIA: NAVAL FLEET (2019–2022)    420
15.9.4    SPACE    420
FIGURE 118    AUSTRALIA: SATELLITES (2018−2021)    421
15.9.5    CYBER    421
15.10    DEFENSE BUDGET ANALYSIS, SYSTEM ALLOCATION    421
15.10.1    ELECTRONICS    421
15.10.1.1    Intelligence, surveillance, and reconnaissance    421
15.10.1.2    Communication, navigation, and surveillance    422
15.10.1.3    Global navigation satellite system    422
15.10.1.4    Electronic warfare    422
15.10.1.5    Digital battlefield    423

15.10.2    ARMAMENTS    423
15.10.2.1    Weapons and munitions    423
15.10.2.2    Firearms and ammunition    423
TABLE 238    KEY FIREARMS USED BY AUSTRALIAN ARMED FORCES    424
TABLE 239    KEY CALIBERS USED BY AUSTRALIAN ARMED FORCES    424
15.11    DEFENSE BUDGET ANALYSIS, TECHNOLOGY ALLOCATION    425
15.11.1    ADVANCED    425
15.11.1.1    Use cases    425
15.11.2    CONVENTIONAL    425
15.11.2.1    Use cases    425
15.12    DEFENSE BUDGET ANALYSIS, DOMAIN ALLOCATION    425
15.12.1    MILITARY FORCES    425
15.12.1.1    Australian Army    425
15.12.1.2    Royal Australian Navy    425
15.12.1.3    Royal Australian Air Force    425
15.12.2    SPECIAL FORCES    426
15.12.2.1    Special Air Service Regiment    426
15.12.2.2    2nd Commando Regiment    426
15.12.2.3    Incident Response Regiment    426
15.12.2.4    Tactical Assault Group (East and West)    426
15.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    426
15.13.1    MILITARY EXPENSE    426
15.13.2    ADMIN EXPENSE    426
15.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    427
15.14.1    FOREIGN MILITARY SAL    427
15.14.2    INDIGENOUS SALES    427
15.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    428
15.15.1    COMPETITIVE LANDSCAPE    428
15.15.1.1    Company ranking analysis    428
FIGURE 119    RANKING ANALYSIS OF TOP THREE PLAYERS IN AUSTRALIA DEFENSE BUDGET ANALYSIS, 2022    428
15.15.1.2    Competitive benchmarking    428
TABLE 240    AUSTRALIA DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    428
15.15.2    PRIME CONTRACTORS    429
15.15.2.1    BAE Systems Australia Ltd.    429
15.15.2.1.1    Business overview    429
TABLE 241    BAE SYSTEMS AUSTRALIA LTD.: COMPANY OVERVIEW    429
FIGURE 120    BAE SYSTEMS AUSTRALIA LTD.: COMPANY SNAPSHOT    430
15.15.2.1.2    SWOT analysis    430
15.15.2.1.3    Recent developments    431
15.15.2.1.4    MnM view    431
15.15.2.2    Lockheed Martin Corporation    431
TABLE 242    LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW    431
15.15.2.3    Thales SA    432
TABLE 243    THALES SA: COMPANY OVERVIEW    432
16    SAUDI ARABIA DEFENSE BUDGET ANALYSIS    433
16.1    INTRODUCTION    433
FIGURE 121    SAUDI ARABIA: DEFENSE BUDGET (2016−2022)    433
TABLE 244    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    433
TABLE 245    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    434
TABLE 246    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    434
TABLE 247    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    434
TABLE 248    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    434
TABLE 249    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    435
TABLE 250    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    435
TABLE 251    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    435
TABLE 252    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    436
TABLE 253    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    436
TABLE 254    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    436
TABLE 255    SAUDI ARABIA: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    436
16.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    437
FIGURE 122    REVENUE SHIFT AND NEW REVENUE POCKETS    437
16.3    REGULATORY AND POLICY LANDSCAPE    437
16.4    IMPACT OF MEGATRENDS    438
16.5    TECHNOLOGY TRENDS    438
16.5.1    DIRECTED ENERGY WEAPONS    438
16.6    TREND INDICATORS    439
16.6.1    MACRO    439
16.6.1.1    GDP and defense budget share (%) of GDP    439
FIGURE 123    SAUDI ARABIA: DEFENSE BUDGET AS % OF GDP (2016−2022)    439
16.6.1.2    Geopolitical intensity/external disputes    439
16.6.1.3    Development index    439
16.6.1.4    Terrorism index    439
16.6.1.5    Recession impact analysis    439

16.6.2    MICRO    440
16.6.2.1    Military strength/recruitment    440
16.6.2.2    Military modernization    440
16.6.2.3    Soldier welfare    440
16.7    EXPORT AND IMPORT/TRADE ANALYSIS    440
16.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    441
16.8.1    MILITARY    441
16.8.1.1    Royal Saudi Land Forces    441
16.8.1.2    Royal Saudi Naval Forces    441
16.8.1.3    Royal Saudi Air Defense Forces    441
16.8.1.4    Royal Saudi Air Force    441
16.8.1.5    Royal Saudi Strategic Missile Force    441
16.8.1.6    Saudi Arabian National Guard    441
16.8.2    HOMELAND SECURITY    441
16.8.2.1    Ministry of Interior    441
16.8.2.2    General Directorate of Public Security    441
16.8.2.3    General Directorate of Border Guards    441
16.8.2.4    General Directorate of Civil Defense    441
16.8.2.5    General Directorate of Prisons    442
16.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    442
16.9.1    LAND    442
FIGURE 124    SAUDI ARABIA: LAND FLEET (2018−2021)    442
16.9.2    AIRBORNE    443
FIGURE 125    SAUDI ARABIA: AIR FLEET (2018−2021)    443
16.9.3    NAVAL    444
FIGURE 126    SAUDI ARABIA: NAVAL FLEET (2019–2022)    444
16.9.4    SPACE    444
FIGURE 127    SAUDI ARABIA: SATELLITES (2018−2021)    445
16.9.5    CYBER    445"    "16.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    445
16.10.1    ELECTRONICS    445
16.10.1.1    Intelligence, surveillance, and reconnaissance    445
16.10.1.2    Communication, navigation, and surveillance    446
16.10.1.3    Global navigation satellite system    446
16.10.1.4    Electronic warfare    446
16.10.1.5    Digital battlefield    446
16.10.2    ARMAMENTS    447
16.10.2.1    Weapons and munitions    447
16.10.2.2    Firearms and ammunition    447
TABLE 256    KEY FIREARMS USED BY SAUDI ARABIAN ARMED FORCES    447
TABLE 257    KEY CALIBERS USED BY SAUDI ARABIAN ARMED FORCES    448
16.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    448
16.11.1    ADVANCED    448
16.11.1.1    Use cases    448
16.11.2    CONVENTIONAL    449
16.11.2.1    Use cases    449
16.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    449
16.12.1    MILITARY FORCES    449
16.12.2    SPECIAL FORCES    449
16.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    450
16.13.1    MILITARY EXPENSE    450
16.13.2    ADMIN EXPENSE    450
16.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    450
16.14.1    FOREIGN MILITARY SALES    450
16.14.2    INDIGENOUS SALES    451
16.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    451
16.15.1    COMPETITIVE LANDSCAPE    451
16.15.1.1    Company ranking analysis    451
FIGURE 128    RANKING ANALYSIS OF TOP 3 PLAYERS IN SAUDI ARABIA DEFENSE BUDGET ANALYSIS, 2022    451
16.15.1.2    Competitive benchmarking    451
TABLE 258    SAUDI ARABIA DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    451
16.15.2    PRIME CONTRACTORS    452
16.15.2.1    Lockheed Martin Corporation    452
TABLE 259    LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW    452
16.15.2.2    The Boeing Company    452
16.15.2.2.1    Business overview    452
TABLE 260    THE BOEING COMPANY: COMPANY OVERVIEW    452
FIGURE 129    THE BOEING COMPANY: COMPANY SNAPSHOT    453
16.15.2.2.2    SWOT analysis    453
16.15.2.2.3    Recent developments    454
16.15.2.2.4    MnM view    454
16.15.2.3    BAE Systems plc    455
TABLE 261    BAE SYSTEMS PLC: COMPANY OVERVIEW    455
17    ISRAEL DEFENSE BUDGET ANALYSIS    456
17.1    INTRODUCTION    456
FIGURE 130    ISRAEL: DEFENSE BUDGET (2016–2022)    456
TABLE 262    ISRAEL: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    456
TABLE 263    ISRAEL: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    457
TABLE 264    ISRAEL: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2019–2022 (USD BILLION)    457
TABLE 265    ISRAEL: DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE, 2023–2028 (USD BILLION)    457
TABLE 266    ISRAEL: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2019–2022 (USD BILLION)    457
TABLE 267    ISRAEL: DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION, 2023–2028 (USD BILLION)    458
TABLE 268    ISRAEL: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2019–2022 (USD BILLION)    458
TABLE 269    ISRAEL: DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION, 2023–2028 (USD BILLION)    458
TABLE 270    ISRAEL: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2019–2022 (USD BILLION)    459
TABLE 271    ISRAEL: DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION, 2023–2028 (USD BILLION)    459
TABLE 272    ISRAEL: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2019–2022 (USD BILLION)    459
TABLE 273    ISRAEL: DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION, 2023–2028 (USD BILLION)    459
17.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    460
FIGURE 131    REVENUE SHIFT AND NEW REVENUE POCKETS    460
17.3    REGULATORY AND POLICY LANDSCAPE    460
17.4    IMPACT OF MEGATRENDS    461
17.5    TECHNOLOGY TRENDS    461
17.5.1    MICRO-SUICIDE DRONE SWARMS    461
17.5.2    ROCKET ARTILLERY SYSTEMS    461
17.6    TREND INDICATORS    462
17.6.1    MACRO    462
17.6.1.1    GDP and defense budget share (%) of GDP    462
FIGURE 132    ISRAEL: DEFENSE BUDGET AS % OF GDP (2016–2022)    462
17.6.1.2    Geopolitical intensity/external disputes    462
17.6.1.3    Development index    462
17.6.1.4    Terrorism index    463
17.6.1.5    Recession impact analysis    463
17.6.2    MICRO    463
17.6.2.1    Military strength/recruitment    463
17.6.2.2    Military modernization    463
17.6.2.3    Soldier welfare    463
17.7    EXPORT AND IMPORT/TRADE ANALYSIS    464
17.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    464
17.8.1    MILITARY    464
17.8.1.1    Israeli Army    464
17.8.1.2    Israeli Air Force    464
17.8.1.3    Israeli Navy    464
17.8.1.4    Intelligence Directorate (Aman)    464
17.8.1.5    C4I Directorate    464
17.8.1.6    Cyber Defense Directorate    464
17.8.2    HOMELAND SECURITY    465
17.8.2.1    Israel Security Agency (Shin Bet)    465
17.8.2.2    Israel National Police    465
17.8.2.3    Border Police    465
17.8.2.4    Home Front Command    465
17.8.2.5    Fire and Rescue Services    465
17.8.2.6    Ministry of Public Security    465
17.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    465
17.9.1    LAND    465
FIGURE 133    ISRAEL: LAND FLEET (2018–2021)    466
17.9.2    AIRBORNE    466
FIGURE 134    ISRAEL: AIR FLEET (2018–2021)    467
17.9.3    NAVAL    467
FIGURE 135    ISRAEL: NAVAL FLEET (2019–2022)    468
17.9.4    SPACE    468
FIGURE 136    ISRAEL: SATELLITES (2018–2021)    469
17.9.5    CYBER    469
17.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    470
17.10.1    ELECTRONICS    470
17.10.1.1    Intelligence, surveillance, and reconnaissance    470
17.10.1.2    Communication, navigation, and surveillance    470
17.10.1.3    Global navigation satellite system    470
17.10.1.4    Electronic warfare    470
17.10.1.5    Digital battlefield    471
17.10.2    ARMAMENTS    471
17.10.2.1    Weapons and munitions    471
17.10.2.2    Firearms and ammunition    471
TABLE 274    KEY FIREARMS USED BY ISRAELI ARMED FORCES    472
TABLE 275    KEY CALIBERS USED BY ISRAELI ARMED FORCES    472
17.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    473
17.11.1    ADVANCED    473
17.11.1.1    Use cases    473
17.11.2    CONVENTIONAL    473
17.11.2.1    Use cases    473
17.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    473
17.12.1    MILITARY FORCES    473
17.12.2    SPECIAL FORCES    474
17.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    474
17.13.1    MILITARY EXPENSE    474
17.13.2    ADMIN EXPENSE    475
17.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    475
17.14.1    FOREIGN MILITARY SALES    475
17.14.2    INDIGENOUS SALES    475
17.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    476
17.15.1    COMPETITIVE LANDSCAPE    476
17.15.1.1    Company ranking analysis    476
FIGURE 137    RANKING ANALYSIS OF TOP 3 PLAYERS IN ISRAEL DEFENSE BUDGET ANALYSIS, 2022    476
17.15.1.2    Competitive benchmarking    476
TABLE 276    ISRAEL DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    476
17.15.2    PRIME CONTRACTORS    477
17.15.2.1    Israel Aerospace Industries    477
17.15.2.1.1    Business overview    477
TABLE 277    ISRAEL AEROSPACE INDUSTRIES: COMPANY OVERVIEW    477
17.15.2.1.2    SWOT analysis    477
17.15.2.1.3    Recent developments    478
17.15.2.1.4    MnM view    478
17.15.2.2    Rafael Advanced Defense Systems Ltd.    479
17.15.2.2.1    Business overview    479
TABLE 278    RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: COMPANY OVERVIEW    479
17.15.2.2.2    SWOT analysis    479
17.15.2.2.3    Recent developments    480
17.15.2.2.4    MnM view    480
17.15.2.3    Elbit Systems    480
17.15.2.3.1    Business overview    480
TABLE 279    ELBIT SYSTEMS: COMPANY OVERVIEW    480
FIGURE 138    ELBIT SYSTEMS: COMPANY SNAPSHOT    481
17.15.2.3.2    SWOT analysis    481
17.15.2.3.3    Recent developments    482
17.15.2.3.4    MnM view    482
18    OTHER COUNTRIES    483
18.1    INTRODUCTION    483
TABLE 280    OTHER COUNTRIES: DEFENSE BUDGET ANALYSIS, 2019–2022 (USD BILLION)    484
TABLE 281    OTHER COUNTRIES: DEFENSE BUDGET ANALYSIS, 2023–2028 (USD BILLION)    484
18.2    TRENDS/DISRUPTIONS IMPACTING CONTRACTOR BUSINESS    485
18.3    REGULATORY AND POLICY LANDSCAPE    485
18.4    IMPACT OF MEGATRENDS    486
18.5    TECHNOLOGY TRENDS    488
18.6    TREND INDICATORS    489
18.6.1    MACRO    489
18.6.1.1    GDP and defense budget share (%) of GDP    489
TABLE 282    GDP AND DEFENSE BUDGET SHARE (%) OF GDP    489
18.6.1.2    Geopolitical intensity/external disputes    490
18.6.1.3    Development index    491
TABLE 283    HUMAN DEVELOPMENT INDEX    491
18.6.1.4    Terrorism index    491
TABLE 284    GLOBAL TERRORISM INDEX    491
18.6.1.5    Recession impact analysis    492
18.6.2    MICRO    493
18.6.2.1    Military strength/recruitment    493
18.6.2.2    Military modernization    494
18.6.2.3    Soldier welfare    495
18.7    EXPORT AND IMPORT/TRADE ANALYSIS    495
18.8    DEFENSE BUDGET ANALYSIS, BY DEPARTMENTAL ALLOCATION    496
18.8.1    MILITARY    496
18.8.2    HOMELAND SECURITY    497
18.9    DEFENSE BUDGET ANALYSIS, BY PLATFORM ALLOCATION    498
18.9.1    LAND    498
18.9.2    AIRBORNE    499
18.9.3    NAVAL    500
18.9.4    SPACE    501
18.9.5    CYBER    501
18.10    DEFENSE BUDGET ANALYSIS, BY SYSTEM ALLOCATION    503
18.10.1    ELECTRONICS    503
18.10.1.1    Intelligence, surveillance, and reconnaissance    503
18.10.1.2    Communication, navigation, and surveillance    504
18.10.1.3    Global navigation satellite system    505
18.10.1.4    Electronic warfare    507
18.10.1.5    Digital battlefield    508
18.10.2    ARMAMENTS    509
18.10.2.1    Weapons and munitions    509
18.10.2.2    Firearms and ammunition    509
18.11    DEFENSE BUDGET ANALYSIS, BY TECHNOLOGY ALLOCATION    510
18.11.1    ADVANCED    510
18.11.1.1    Use cases    510
18.11.2    CONVENTIONAL    510
18.11.2.1    Use cases    510
18.12    DEFENSE BUDGET ANALYSIS, BY DOMAIN ALLOCATION    512
18.12.1    MILITARY FORCES    512
18.12.2    SPECIAL FORCES    513
18.13    DEFENSE BUDGET ANALYSIS, BY ALLOCATION TYPE    515
18.13.1    MILITARY EXPENSE    515
18.13.2    ADMIN EXPENSE    516

18.14    DEFENSE BUDGET ANALYSIS, BY SALES OVERHEAD    517
18.14.1    FOREIGN MILITARY SALES    517
18.14.2    INDIGENOUS SALES    517
18.15    DEFENSE BUDGET ANALYSIS, COMPETITIVE SCENARIOS    518
18.15.1    COMPETITIVE LANDSCAPE    518
18.15.1.1    Company ranking analysis    518
FIGURE 139    RANKING ANALYSIS OF TOP 3 PLAYERS IN OTHER COUNTRIES’ DEFENSE BUDGET ANALYSIS, 2022    518
18.15.1.2    Competitive benchmarking    518
TABLE 285    OTHER COUNTRIES’ DEFENSE BUDGET ANALYSIS: COMPETITIVE BENCHMARKING    518
18.15.2    PRIME CONTRACTORS    519
18.15.2.1    Thales SA    519
TABLE 286    THALES SA: COMPANY OVERVIEW    519
18.15.2.2    Airbus SE    519
TABLE 287    AIRBUS SE: COMPANY OVERVIEW    519
18.15.2.3    The Boeing Company    519
TABLE 288    THE BOEING COMPANY: COMPANY OVERVIEW    519
19    APPENDIX    520
19.1    KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    520
19.2    AUTHOR DETAILS    522