Military Logistics Market Future Scope, Trends and Projected Industry Growth to 2030
Research Reports
May 15, 2023
Military Logistics Market Insights
According to MRFR analysis, the Global Military Logistics Market is expected to register a CAGR of 5% from 2022 to 2030 and hold a value of over USD 60.64 billion by 2030.
The Global Military Logistics Market refers to the demand and supply of goods, services, and resources required for the operation and maintenance of military forces around the world. This includes the management of transportation, supply chain, and maintenance activities that support military operations. The market includes various services such as inventory management, distribution, transportation, warehousing, and maintenance, among others. It also involves the management of information, communication, and technology systems that enable effective logistics planning and execution.
The COVID-19 pandemic had a significant impact on the Global Military Logistics Market. The pandemic has disrupted global supply chains, causing delays in the delivery of essential military equipment and supplies. Many logistics providers have had to adjust their operations to comply with new health and safety regulations, which has resulted in increased costs and longer lead times.
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Regional Analysis
The largest region of the Global Military Logistics Market is North America, which includes the United States and Canada. The North American region dominates the market due to the presence of major defense contractors and military organizations in the United States, which is the world’s largest military spender.
The North American region is expected to continue to dominate the market in the coming years, driven by ongoing military operations, increasing defense spending, and the adoption of advanced logistics technologies. However, other regions, such as Europe and the Asia Pacific, are also expected to see significant growth in the military logistics market due to increasing geopolitical tensions and modernization efforts.
Market Segmentation
The Global Military Logistics Market has been segmented into type and mode of transport.
Based on the type, the market has been segmented into Logistics & Distribution, Facility Management and Services
Based on the mode of transport, the market has been segmented into Roadways, Railways, Waterways and Airways
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Key Players
Some of the key market players are:
- AECOM
- Fluor Corporation
- Thales Group
- BAE Systems Plc
- DynCorp International LLC
- Honeywell International Inc.
- Lockheed Martin Corporation
- ASELSAN A.S.
- Anham FZCO
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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