In this analysis, Frost & Sullivan overviews the US Department of Defense’s missile defense spending between fiscal year (FY)2023 and FY2029. The analysis outlines the department’s funding distribution among military branches, budget activity titles, along with future spending estimates. It also highlights the megatrends, challenges, drivers, and restraints the DoD and industry partners may encounter. Finally, the analysis highlights some short- and long-term growth opportunities.

• What are the key megatrends influencing missile defense spending and how can your team capitalize on them to drive growth?
  
• What role will hypersonic and ballistic missile advancements by China, Iran, and North Korea play in shaping the future growth of US defense investments?
  
• How can the US defense budget constraints impact the growth potential of the missile defense space over the next five years?