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News  ›  GlobeNewswire Inc.

$1+ Trillion Defense Global Market Opportunities and Strategies to 2034: Focus Areas Include AI-enabled Systems, Advanced Drones, and Maintenance Services

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Researchandmarkets.Com
$1+ Trillion Defense Global Market Opportunities and Strategies to 2034: Focus Areas Include AI-enabled Systems, Advanced Drones, and Maintenance Services

Global defense market expected to grow from $473.47 billion in 2024 to $1.01 trillion by 2034, driven by geopolitical tensions, military modernization, and emerging technologies like AI and autonomous systems.

Insights
FpB   neutral

Beat Q3 earnings expectations but lowered full-year guidance due to EV losses and aluminum plant fire costs, indicating mixed performance


LMT   positive

Largest market competitor with 13.50% market share, positioned for growth in emerging defense technologies