The military logistics market was valued at US$ 339.56 Bn in 2018, registering an attractive CAGR growth rate of 5.2% from 2019 to 2027.
The Asia Pacific was the leading geographic military logistics market, and it is anticipated to be the highest revenue contributor throughout the forecast period. The economies in the Asia Pacific region are experiencing remarkable growth in their military spending. For instance, countries, including Japan and India, boosted their military spending owing to rising tensions with China, as per global arms spending report published by SIPRI.
Military Logistics Lucrative Regional Markets
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Market Insights
Rising deployment of military troops in war-prone regions to contribute to the military logistics market growth
Growing geopolitical instabilities amongst the warring nations of the world have thrust the countries to adopt a powerful military approach to safeguard national and international interests. On this fact, these forces are strengthening their abilities with advanced technologies in terms of ammunition, artilleries, and transportation facilities. This factor drives the demand for the supply of various war equipment and is positively impacting on the military logistics market.
Integration of real-time tracking system for live tracking and visibility of logistics acts as a lucrative opportunity for the military logistics market. The vendors of military logistics are integrating smart solutions for real-time monitoring and visibility of goods. The real-time tracking system includes GIS, RFID, and other solutions. Military logistics have to coordinate the movement of multiple military vehicles, equipment, freight, and others. With the integration of GIS technology, it generates detailed maps to identify optimal routes, road & weather conditions, and other information. Integration of such technologies is anticipated to offer a prospective opportunity to the players operating in the military logistics market.
Type Insights
Logistics & distribution segment led the global military logistics market by type. The growth of logistics & distribution segment is attributed to notable demand for ensuring the existing supply of various components, devices, gears, food & medical supplies, and equipment among other logistical and operational support. However, the services segment of the military logistics market is expected to grow at the highest CAGR during the forecast period from 2019 – 2027.
Mode of Transportation Insights
Roadways led the global military logistics market by mode of transportation. Factors such as expansion as well as the movement of the current military base, along with the fulfillment of the logistical and operational requirement of the existing military establishment are the primary factor propelling the growth of the road based transportation of military logistics.
Regional Insights
Based on Geography, Asia Pacific dominates the military logistics market throughout the forecast period. The APAC region comprises of developing countries that are witnessing an increase in their military spending. As per SIPRI, the region’s military spending increased by 52% over the last decade, accounting for US$ 392 Bn in 2018. Factors such as territorial disputes, economic growth, and long-sought military modernizations are propelling the increase in military spending. China is one of the key countries in the APAC region, with high military spending.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Military Logistics Market: Strategic Insights
Market Size Value in US$ 339.56 Billion in 2018 Market Size Value by US$ 526.50 Billion by 2027 Growth rate CAGR of 5.2% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Military Logistics Market: Strategic Insights
Market Size Value in | US$ 339.56 Billion in 2018 |
Market Size Value by | US$ 526.50 Billion by 2027 |
Growth rate | CAGR of 5.2% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
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Speak to AnalystThe military logistics market is dominated by some key market players, as the market possess high entry barriers coupled with stringent rules and guidelines. Also, prominent players maintain long-term relations with the military. Thus, the military is inclined towards such players. Few of the recent developments are listed below:
2019:Aselsan announced to export its locally developed Zargana torpedo countermeasures system for submarines to Pakistan.
2018:AECOM’s subsidiary JT4 Limited Liability Company (LLC) signed a contract with U.S. Air Force for Joint Range Technical Services (J-Tech II). Under this contract, AECOM will offer operation, maintenance, and sustainment of the western test and training ranges.
2018:The Naval Air Systems Command has awarded DynCorp International a Maintenance Support Contract.
GLOBAL MILITARY LOGISTICS – MARKET SEGMENTATION
By Type
- Logistics & Distribution
- Freight Services
- Courier Services
- Facility Management
- Services
By Mode of Transportation
- Railways
- Roadways
- Airways
- Waterways
By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM
Company Profiles
- AECOM
- ANHAM FZCO
- Aselsan A.S.
- BAE Systems PLC
- DynCorp International LLC
- Fluor Corporation
- Honeywell International Inc.
- KBR, Inc.
- Lockheed Martin Corporation
- Thales SA
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Mode of Transportation
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- AECOM
- ANHAM FZCO
- Aselsan A.S.
- BAE Systems PLC
- DynCorp International LLC
- Fluor Corporation
- Honeywell International Inc.
- KBR, Inc.
- Lockheed Martin Corporation
- Thales SA
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- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
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