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Defence Logistics Market Share

Report ID: GMI10957
Published Date: Aug 2024
Report Format: PDF

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Defence Logistics Market Share

Lockheed Martin Corporation, Northrop Grumman Corporation, and Honeywell International Inc. held a significant market share of over 8% in 2023. Lockheed Martin leverages advanced technology integration, predictive analytics, and AI-driven solutions to optimize defence logistics. They focus on enhancing supply chain resilience and efficiency, particularly through real-time data insights and automation. Their strategy includes collaborating with defence agencies to ensure rapid deployment and sustainment of critical assets, emphasizing mission readiness and cost-effectiveness.

Northrop Grumman employs a strategy centred on digital transformation and supply chain modernization. They utilize advanced software tools for predictive maintenance, logistics automation, and secure data management. Their approach emphasizes enhancing logistical agility, ensuring the timely delivery of critical resources, and reducing operational risks through continuous innovation in defence logistics.

Honeywell focuses on integrating IoT and AI technologies into defence logistics for enhanced tracking, monitoring, and efficiency. Their strategy includes offering customized logistics solutions that improve asset visibility and operational readiness. They emphasize sustainability and cost optimization through energy-efficient systems and advanced analytics to meet the complex needs of defence logistics operations.

Defence Logistics Market Companies

Major players operating in the defence logistics industry are:

Lockheed Martin Corporation
Northrop Grumman Corporation
Honeywell International Inc.
BAE Systems plc
Raytheon Technologies Corporation
L3Harris Technologies, Inc.
General Dynamics Corporation
Thales Group
Textron Inc.
Rheinmetall AG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of defence logistics reached USD 184.2 billion in 2023 and is set to grow at over 5.3% CAGR between 2024 and 2032, led by geopolitical tensions and increased defence budgets

The roadways mode of transportation segment accounted for over 40% share of the market in 2023, due to its reliability and versatility in transporting military assets.

North America market is expected to exceed USD 110 billion by 2032, driven by U.S.'s substantial defence budget, extensive global military presence, and advanced logistical capabilities.

Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc., BAE Systems plc, Raytheon Technologies Corporation, and L3Harris Technologies, Inc.