DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "The Global Military Infrastructure and Logistics Market 2017-2027" report to their offering.
The market for infrastructure construction is anticipated to be the biggest owing to the increase in the number of strategic overseas bases and the infrastructure modernization initiatives involving mammoth costs being undertaken by countries such as the US, Russia, China, and India. US already have the largest number of overseas bases across the world, and China has been planning to construct overseas bases to protect its maritime interests. India has been spending heavily on constructing roads, air bases and related infrastructure to safeguard its high altitude Northern and Eastern borders.
Global military infrastructure and logistics market is expected to value US$37.8 Billion in 2017, and will grow at a CAGR of 3.21%, to value US$51.8 Billion by 2027. The cumulative global expenditure on military infrastructure and logistics over the forecast period is estimated to be US$484.4 Billion. The demand for infrastructure and logistics is expected to be driven by the need to build infrastructure to fortify the border areas in view of various regional and territorial conflicts as well as to contain the cross border crimes and infiltration of terrorists. The logistics modernization initiatives undertaken by several of world's armed forces are also expected to be one of the key drivers for the growth of the market.
Asia Pacific region is expected to account for the highest spending on military infrastructure and logistics globally, accounting for 33.4% of the market, followed by North America, which will account for 23.5%. China's growing assertiveness in territorial disputes with its neighbors, and ongoing regional rivalries among Asian countries, and strong economic growth are the primary drivers of the region's military infrastructure and logistics market, which is forecast to grow at a CAGR of 2.71%, to reach US$16.4 Billion by 2027.
- Lockheed Martin
- Honeywell International
- DynCorp International
- Minrav Holdings
- Fluor Corporation
- American International Contractors
- Klinge Corporation
FedEx Supply Chain
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