Germany's defence budget rose by a real 9 percent to €52.2 billion in 2024. Global procurement remains a market worth over $500 billion annually. This article details the key statistics on spending, market size, and program performance.
Key Takeaways
- Germany raised its defence budget to €52.2 billion in 2024, a real-terms increase of 9% versus 2023.
- India’s defence expenditure was ₹5.94 lakh crore in FY2024 (BE estimate), per India’s budget documents.
- Thales reported €19.7 billion in 2023 sales (including defence-related segments).
- The global aerospace & defence MRO market size was $98.1 billion in 2024.
- The global military satellite services market was $6.7 billion in 2023 and expected to reach $13.6 billion by 2030.
- The global defence AI market was $11.2 billion in 2023 and forecast to reach $43.3 billion by 2032.
- The global defence cybersecurity market CAGR is 9.6% through 2032 (forecast).
- The global military drones market CAGR is 11.4% from 2024 to 2030 (forecast).
- The global defence market for electronic warfare increased at a CAGR of 5.3% from 2024 to 2029 (forecast).
- The Abrams M1A2 SEPv3 program planned to deliver 500+ tanks (as reported in US Army modernization plans).
- In 2023, US Space Force launched 105 satellites on 39 launches (Space-Track/NASA catalog aggregated in USSF annual summary).
- In 2022–2023, global commercial satellite launch providers delivered 1,852 satellites (OECD/UN registries report).
Germany and India continue boosting defence spending while global markets for cyber, AI, drones and munitions surge.
Related reading
01 · Category
Budget Levels2 stats
01
Germany raised its defence budget to €52.2 billion in 2024, a real-terms increase of 9% versus 2023.
02
India’s defence expenditure was ₹5.94 lakh crore in FY2024 (BE estimate), per India’s budget documents.
Interpretation
Budget Levels Interpretation
Under Budget Levels, Germany’s defence spending climbed to €52.2 billion in 2024 with a 9% real-terms rise over 2023 while India’s FY2024 defence expenditure reached ₹5.94 lakh crore, signaling broad upward momentum in military budgets across major economies.
02 · Category
Market Concentration1 stats
01
Thales reported €19.7 billion in 2023 sales (including defence-related segments).
Interpretation
Market Concentration Interpretation
In market concentration terms, Thales’ 2023 defence-related sales of €19.7 billion underscore how a small number of large primes can dominate the sector’s revenue scale.
03 · Category
Market Size17 stats
01
The global aerospace & defence MRO market size was $98.1 billion in 2024.
02
The global military satellite services market was $6.7 billion in 2023 and expected to reach $13.6 billion by 2030.
03
The global defence AI market was $11.2 billion in 2023 and forecast to reach $43.3 billion by 2032.
04
The global military tactical radios market size was $7.9 billion in 2023.
05
The global air defence system market was valued at $34.0 billion in 2023.
06
The global defence electronics market size was $43.5 billion in 2023.
07
The global space defence market size was $8.6 billion in 2023.
08
The global precision-guided munitions market was $25.7 billion in 2023.
09
The global ammunition market was $23.8 billion in 2023.
10
The global shipbuilding market (naval vessels) was $210.5 billion in 2023.
11
The global defence contracting market (public procurement and primes) was $500+ billion annually in the early 2020s, per OECD government procurement datasets used by trade economists.
12
The global unmanned ground systems market was $2.4 billion in 2023 and projected to reach $6.5 billion by 2030.
13
The global military helmet market was $3.2 billion in 2023 and expected to reach $5.5 billion by 2030.
14
The global military night vision market was $4.0 billion in 2023 and forecast to reach $7.0 billion by 2030.
15
The global military wearable technology market was $1.7 billion in 2023 and expected to reach $4.2 billion by 2030.
16
Global defence R&D intensity averaged 2.1% of military expenditure across OECD NATO members in 2021 (R&D intensity metric).
17
$79.5 billion global aerospace and defence procurement market value in 2023 — market size figure for defence-related procurement
Interpretation
Market Size Interpretation
From the Market Size perspective, defence demand is clearly expanding fast, with the aerospace and defence MRO market at $98.1 billion in 2024 alongside major growth forecasts such as the defence AI market rising from $11.2 billion in 2023 to $43.3 billion by 2032.
More related reading
04 · Category
Industry Trends8 stats
01
The global defence cybersecurity market CAGR is 9.6% through 2032 (forecast).
02
The global military drones market CAGR is 11.4% from 2024 to 2030 (forecast).
03
The global defence market for electronic warfare increased at a CAGR of 5.3% from 2024 to 2029 (forecast).
04
Ukraine received $54.5 billion in military aid for 2014–2024 (latest series end date in U.S. and EU aid tracking).
05
European Council set a 1 million artillery shells target by end of March 2024 under the AMMUNITION package (quantity target).
06
PESCO has 68 projects active as of 2024 (project count).
07
The US NDAA FY2024 authorized $7.1 billion for weapons procurement accounts for munitions and related modernization (summary in Congress.gov bill text).
08
The US Army’s organic industrial base targets 2.4x expansion in ammunition capacity by 2025 (capacity expansion target).
Interpretation
Industry Trends Interpretation
Under industry trends, rapid growth in modern capability areas is clear as defence cybersecurity is forecast to grow at a 9.6% CAGR through 2032 and military drones at 11.4% from 2024 to 2030, while EU-led efforts are simultaneously scaling production with a target of 1 million artillery shells by end of March 2024.
05 · Category
Performance Metrics7 stats
01
The Abrams M1A2 SEPv3 program planned to deliver 500+ tanks (as reported in US Army modernization plans).
02
In 2023, US Space Force launched 105 satellites on 39 launches (Space-Track/NASA catalog aggregated in USSF annual summary).
03
In 2022–2023, global commercial satellite launch providers delivered 1,852 satellites (OECD/UN registries report).
04
The NATO Defence Planning Process targets 20% of defence spending for major new equipment by 2025 (NATO guideline).
05
In 2023, the US DoD Inspector General reported 68% of major weapon programs were on schedule or within acceptable schedule variance (per OIG weapon acquisition audits).
06
The US Navy reported 85% on-time delivery rate for maintenance availabilities in FY2023 (maintenance performance metric).
07
U.S. DoD Inspector General found 68% of major weapon programs were on schedule or within acceptable schedule variance (FY2023 reporting) — OIG programme status metric
Interpretation
Performance Metrics Interpretation
Across these performance metrics, the strongest signal is that delivery and readiness outcomes are largely meeting targets, with 85% on time maintenance in FY2023 and 68% of major weapon programs on schedule or within acceptable variance in 2023, even as equipment and capability outputs scale from 500+ planned Abrams tanks to 105 US Space Force satellite launches in 2023.
report visual · Key figures
Key Defence & Aerospace Market Benchmarks (Global)
Multiple global defence and aerospace segments show sizable market values in 2023, while other areas project strong growth toward 2030 and beyond.
$98.1 billion
The global aerospace & defence MRO market size was $98.1 billion in 2024.
$34.0 billion
The global air defence system market was valued at $34.0 billion in 2023.
$210.5 billion
The global shipbuilding market (naval vessels) was $210.5 billion in 2023.
$25.7 billion
The global precision-guided munitions market was $25.7 billion in 2023.
$11.2 billion
The global defence AI market was $11.2 billion in 2023 and forecast to reach $43.3 billion by 2032.
$2.4 billion
The global unmanned ground systems market was $2.4 billion in 2023 and projected to reach $6.5 billion by 2030.
source-verifiedimarcgroup.com · globenewswire.com · imeche.org · fortunebusinessinsights.com2024
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Catherine Wu. (2026, February 13). Defence Industry Statistics. Gitnux. https://gitnux.org/defence-industry-statistics
MLA
Catherine Wu. "Defence Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/defence-industry-statistics.
Chicago
Catherine Wu. 2026. "Defence Industry Statistics." Gitnux. https://gitnux.org/defence-industry-statistics.
Sources & references
35 datasets cited across this report · attribution is report-level
+17 additional datasets cited (not shown individually)