What Are The Major Defense Shift In 2024?

The 2024 Global Defense Forecast reveals a robust 5.37% growth in the defense sector, reaching $2120 billion. Significant investments are noted in AI and space defense, with the US alone allocating $25 billion for space initiatives. The emphasis on eco-friendly military technologies is also growing, with the electric vehicle sector expected to hit $3.23 billion. Key nations like the US, Russia, India, China, and the UK are driving these trends, with Asia Pacific and Europe dominating the budget landscape. These Insights critical for strategic enhancements underscore the role of Choctaw defense in defense supply.