Overview

This analysis provides an overview of the research and development (R&D) budget of the US Department of Defense (DoD) for the period between fiscal year (FY)2023 and FY2029. It outlines the DoD’s budget activities and funding distribution amongst military branches and provides spending estimates. It highlights the megatrends influencing the industry and examines the factors driving and restraining growth. It concludes by identifying short- and long-term growth opportunities for defense research initiatives for industry participants and stakeholders to leverage.

• What strategies should your team adopt to align with the DoD’s funding distribution across military branches to accelerate growth?
• What role will in-house technology development by the DoD play in shaping long-term growth opportunities for private companies?
• What major growth opportunities exist in defense R&D for companies focused on cybersecurity and artificial intelligence solutions?

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