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Defence Logistics Market Trends

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

Defence Logistics Market Trends

Defence logistics are witnessing significant technological advancements in AI, IoT, drones, and blockchain technology. Technological advancements in AI, IoT, drones, and blockchain are significantly driving growth in the defence logistics industry by enhancing efficiency, accuracy, and security. AI optimizes supply chain management through predictive analytics, enabling better resource allocation and quicker decision-making. IoT provides real-time tracking and monitoring of assets, improving inventory management and reducing losses.
 

Drones offer innovative solutions for reconnaissance, surveillance, and the delivery of supplies in hard-to-reach or hostile areas, reducing risks to human personnel. Blockchain ensures the security and transparency of logistics operations, safeguarding sensitive data and streamlining procurement processes. Together, these technologies enable more responsive, agile, and secure logistics operations, which are essential for modern military effectiveness.
 

For instance, in January 2024, The U.S. Air Force pioneered the integration of quantum computing into military logistics by awarding a USD 2.5 million contract to Quantum Research Sciences (QRS). This initiative marks the first operational-level quantum computing software development for the military, aimed at enhancing supply chain management. The three-year contract is focused on creating software that can improve the Air Force's logistics operations, addressing challenges associated with managing a vast inventory of aircraft parts and supplies across multiple bases.

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.

Defence Logistics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 230
  • Countries covered: 25
  • Pages: 252
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