“US Defense Science and Technology Research Market, Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.” data-reactid=”18″>The “US Defense Science and Technology Research Market, Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
This research service delivers an overview of the US defense S&T research market through a keen analysis of US defense RDT&E spending. Through this effort, readers will gain insight about key defense programs being initiated or in progress, and how the service components are investing or planning to invest to modernize current systems and develop new ones.
Several growth opportunities will be emphasized that may have a significant impact on those attempting to enter or already participating in US defense markets.
Spending data is based specifically on the most current defense budget request for fiscal year 2020. Market segmentation for this research is performed by focusing on the individual phases of the defense RDT&E process, which are basic research, applied research, advanced technology development, advanced component development and prototypes, system development and demonstrations, and operational system development.
Fiscal year 2018 is used as a base year for spending forecasts and competitive analysis because it is the most recent complete fiscal year of awarded contracts that could be obtained during this effort.
The Department of Defense (DoD) relies on the technological superiority of its weapon systems and armed forces to protect US interests at home and abroad. This technological superiority is being challenged by new and evolving threats constantly being developed by potential US adversaries.
To counteract these challenges, DoD’s science and technology (S&T) community is charged with identifying and maturing new technologies and making them available to DoD’s acquisition community for integration into weapon systems. The DoD conducts research, development, testing, and evaluation (RDT&E) in support of its mission requirements.
The work funded by these appropriations plays a central role in the nation’s security and global S&T leadership. The DoD does not limit its development focus solely on weapon systems, however; it also researches advances in several areas, such as intelligence collection, cybersecurity, medical, hypersonic technology, robotics, communications, artificial intelligence, directed energy, and quantum computing. This diversity is the essential strategy that has made the United States a superpower and provides opportunities for a large number of commercial players to collaborate with the DoD.
- Market Segmentation and Definitions
- Market Segmentation
- Market Drivers and Restraints
- Market Drivers
- Drivers Explained
- Market Restraints
- Restraints Explained