Reports
Sale
Australia Defense Market Size, Share, Trends, Forecast: By Type: Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment, Weapons and Ammunition, Vehicles, Communication Systems, Others; By Operation; By Platform; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Australia Defense Market Outlook
The Australia defense market size reached USD 49.96 billion in 2023. The market is expected to grow at a CAGR of 5% between 2024 and 2032, reaching almost USD 78.02 billion by 2032.
Key Takeaways:
- As per industry reports, Australia's annual defense expenditure ranges from USD 25–30 billion, with a significant portion allocated to defense acquisition and sustainment.
- The country's defense purchasing was reinforced in March 2016 by the Defence White Paper, outlining a USD 145 billion acquisition plan through FY 2025-26. Subsequently, the 2020 Defence Strategic Update introduced a ten-year USD 190 billion acquisition plan concluding in FY 2029-30, further fortifying Australia's defense planning and investment strategy.
Australia is poised to increase defense spending, driven by expanded acquisition programs focused on aircraft, submarines, naval vessels, and missiles. This strategic shift in the Indo-Pacific region is in response to China's military advancements and growing influence. The defense strategy emphasizes deterrence capabilities through new platform acquisitions. Key priorities include safeguarding national security, protecting regional stability, and upholding a rules-based Indo-Pacific order.
The Australia defense market is robust, with sectors like submarines, naval vessels, missiles, and unmanned aerial vehicles leading the way. The country is building a resilient defense industry, exporting innovative technologies, and supporting a capable Australian Defence Force (ADF). Collaboration with global partners, particularly the U.S., is central to Australia's defense strategy, underpinned by agreements like ANZUS, Five Eyes, and AUKUS.
AUKUS, announced in 2021, emphasizes technology collaboration beyond nuclear-powered submarines to include cyber capabilities, artificial intelligence, and quantum technologies. Australia's defense acquisition policy aims for increased expenditure, nuclear submarine acquisition, skills transfer, and in-country R&D to boost the defense industry. Recent strategic reviews reaffirm long-term defense acquisition plans, underscoring Australia's commitment to strengthening national security and regional stability while aiding the Australia defense market development.
Market Segmentation
Australia Defense Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Defense Equipment Maintenance, Repair and Overhauling Services
- Defense Support and Auxiliary Equipment
- Weapons and Ammunition
- Artillery and Mortar Systems
- Infantry Weapons
- Missile and Missile Defense Systems
- Ammunitions
- Vehicles
- Land-based Vehicles
- Sea-based Vehicles
- Air-based Vehicles
- Communication Systems
- Personnel Training, Simulation, and Protection Equipment
- Others
Market Breakup by Operation
- Manual
- Autonomous Defense Equipment
- Others
Market Breakup by Platform
- Land
- Airbrone
- Army
- Navy
- Air Force
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Key players in the market Australia design, manufacture and offer products and services supported by government investments as well as mergers and acquisitions in the market.
- ASC Pty Ltd.
- Austal Limited
- Australian Missile Corporation
- Boeing Aerostructures Australia Pty Ltd.
- Aerotec Qld Pty Ltd.
- Stralis Aircraft Pty Ltd.
- Airspeed Pty Ltd.
- Thales Australia Limited
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Operation |
|
| Breakup by Platform |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Defense Market Overview
8.1 Key Industry Highlights
8.2 Australia Defense Historical Market (2018-2023)
8.3 Australia Defense Market Forecast (2024-2032)
9 Australia Defense Market by Type
9.1 Defense Equipment Maintenance, Repair and Overhauling Services
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Defense Support and Auxiliary Equipment
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Weapons and Ammunition
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Type
9.3.3.1 Artillery and Mortar Systems
9.3.3.2 Infantry Weapons
9.3.3.3 Missile and Missile Defense Systems
9.3.3.4 Ammunitions
9.4 Vehicles
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Type
9.4.3.1 Land-based Vehicles
9.4.3.2 Sea-based Vehicles
9.4.3.3 Air-based Vehicles
9.5 Communication Systems
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Personnel Training, Simulation, and Protection Equipment
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Others
10 Australia Defense Market by Operation
10.1 Manual
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Autonomous Defense Equipment
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 Australia Defense Market by Platform
11.1 Land
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Airbrone
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Army
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Navy
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Air Force
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
12 Australia Defense Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 ASC Pty Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Austal Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Australian Missile Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Boeing Aerostructures Australia Pty Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Aerotec Qld Pty Ltd
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Stralis Aircraft Pty Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Airspeed Pty Ltd.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Thales Australia Limited
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Defense Market: Key Industry Highlights, 2018 and 2032
2. Australia Defense Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Australia Defense Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Australia Defense Historical Market: Breakup by Operation (USD Billion), 2018-2023
5. Australia Defense Market Forecast: Breakup by Operation (USD Billion), 2024-2032
6. Australia Defense Historical Market: Breakup by Platform (USD Billion), 2018-2023
7. Australia Defense Market Forecast: Breakup by Platform (USD Billion), 2024-2032
8. Australia Defense Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Australia Defense Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Australia Defense Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 49.96 billion in 2023.
The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The defense market is expected to reach USD 78.02 billion in 2032.
The market is categorised according to its operation, which includes manual, autonomous defense equipment, and others.
The key market players are ASC Pty Ltd., Austal Limited, Australian Missile Corporation, Boeing Aerostructures Australia Pty Ltd., Aerotec Qld Pty Ltd., Stralis Aircraft Pty Ltd., Airspeed Pty Ltd., Thales Australia Limited, and others.
The market is driven by factors that include expanded acquisition programs, increasing technology collaboration, increasing government investments, among others.
The market is categorised according to its platform, which includes land, airbrone, army, navy, and air force.
Lockheed Martin Corporation, headquartered in Bethesda, Maryland, holds the distinction of being the largest defense contractor globally.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER