Selected research
Industry Growth & Trends
Global Defense Modernization Service Industry Growth and Trends Forecast to 2032
Market perspective
According to APO Research, the global Defense Modernization Service market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Defense Modernization Service is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Defense Modernization Service is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Defense Modernization Service is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global companies in the Defense Modernization Service market include Serco, Leidos, Amentum, EY, Dassault Systèmes, LMI, Anduril, Hanwha and Almidmac, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Defense Modernization Service market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Defense Modernization Service market size, estimates, and forecasts are presented in terms of revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Defense Modernization Service market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Defense Modernization Service.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading companies in the global Defense Modernization Service market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue and gross margin data by manufacturer for 2021-2026, enabling benchmarking of scale, profitability, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Defense Modernization Service Market by Company
Serco
Leidos
Amentum
EY
Dassault Systèmes
LMI
Anduril
Hanwha
Almidmac
Honeywell Aerospace
BAE Systems Plc
ThyssenKrupp Marine Systems AG
Thales
Fincantieri SpA
Huntington Ingalls Industries
Lockheed Martin Corporation
Defense Modernization Service Segment by Type
C5ISR Modernization
Weapon System Modernization
Logistics and Supply Chain Modernization
Base Modernization
Military Platform Modernization
Others
Defense Modernization Service Segment by Application
Military Operations
National Defense Science and Technology and Industry
National Defense Management and Support
Others
Defense Modernization Service Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Defense Modernization Service market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Defense Modernization Service and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Defense Modernization Service.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2021-2025, 2026-2031). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 5: Detailed analysis of Defense Modernization Service companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights of the report
More report detail
Tables and figures
Scope & coverage.
Types
- C5ISR Modernization
- Weapon System Modernization
- Logistics and Supply Chain Modernization
- Base Modernization
- Military Platform Modernization
- Others
Applications
- Military Operations
- National Defense Science and Technology and Industry
- National Defense Management and Support
- Others
Companies covered
- Serco
- Leidos
- Amentum
- EY
- Dassault Systèmes
- LMI
- Anduril
- Hanwha
- Almidmac
- Honeywell Aerospace
- BAE Systems Plc
- ThyssenKrupp Marine Systems AG
- Thales
- Fincantieri SpA
- Huntington Ingalls Industries
- Lockheed Martin Corporation
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.3 Global Defense Modernization Service Market Size Overview by Region 2021 VS 2025 VS 2032
- 1.4 Global Defense Modernization Service Market Size by Region (2021-2032)
- 1.4.1 Global Defense Modernization Service Market Size by Region (2021-2026)
- 1.4.2 Global Defense Modernization Service Market Size by Region (2027-2032)
- 1.5 Key Regions Defense Modernization Service Market Size (2021-2032)
- 1.5.1 North America Defense Modernization Service Market Size Growth Rate (2021-2032)
- 1.5.2 Europe Defense Modernization Service Market Size Growth Rate (2021-2032)
- 1.5.3 Asia-Pacific Defense Modernization Service Market Size Growth Rate (2021-2032)
- 1.5.4 South America Defense Modernization Service Market Size Growth Rate (2021-2032)
- 1.5.5 Middle East & Africa Defense Modernization Service Market Size Growth Rate (2021-2032)
2 Defense Modernization Service Market by Type
- 2.1 Type Introduction
- 2.1.1 C5ISR Modernization
- 2.1.2 Weapon System Modernization
- 2.1.3 Logistics and Supply Chain Modernization
- 2.1.4 Base Modernization
- 2.1.5 Military Platform Modernization
- 2.1.6 Others
- 2.2 Global Defense Modernization Service Market Size by Type
- 2.2.1 Global Defense Modernization Service Market Size Overview by Type (2021-2032)
- 2.2.2 Global Defense Modernization Service Historic Market Size Review by Type (2021-2026)
- 2.2.3 Global Defense Modernization Service Market Size Forecasted by Type (2027-2032)
- 2.3 Global Defense Modernization Service Market Size by Regions
- 2.3.1 North America Defense Modernization Service Market Size Breakdown by Type (2021-2026)
- 2.3.2 Europe Defense Modernization Service Market Size Breakdown by Type (2021-2026)
- 2.3.3 Asia-Pacific Defense Modernization Service Market Size Breakdown by Type (2021-2026)
- 2.3.4 South America Defense Modernization Service Market Size Breakdown by Type (2021-2026)
- 2.3.5 Middle East and Africa Defense Modernization Service Market Size Breakdown by Type (2021-2026)
3 Defense Modernization Service Market by Application
- 3.1 Type Introduction
- 3.1.1 Military Operations
- 3.1.2 National Defense Science and Technology and Industry
- 3.1.3 National Defense Management and Support
- 3.1.4 Others
- 3.2 Global Defense Modernization Service Market Size by Application
- 3.2.1 Global Defense Modernization Service Market Size Overview by Application (2021-2032)
- 3.2.2 Global Defense Modernization Service Historic Market Size Review by Application (2021-2026)
- 3.2.3 Global Defense Modernization Service Market Size Forecasted by Application (2027-2032)
- 3.3 Global Defense Modernization Service Market Size by Regions
- 3.3.1 North America Defense Modernization Service Market Size Breakdown by Application (2021-2026)
- 3.3.2 Europe Defense Modernization Service Market Size Breakdown by Application (2021-2026)
- 3.3.3 Asia-Pacific Defense Modernization Service Market Size Breakdown by Application (2021-2026)
- 3.3.4 South America Defense Modernization Service Market Size Breakdown by Application (2021-2026)
- 3.3.5 Middle East and Africa Defense Modernization Service Market Size Breakdown by Application (2021-2026)
4 Global Market Dynamics
- 4.1 Defense Modernization Service Industry Trends
- 4.2 Defense Modernization Service Industry Drivers
- 4.3 Defense Modernization Service Industry Opportunities and Challenges
- 4.4 Defense Modernization Service Industry Restraints
5 Competitive Insights by Company
- 5.1 Global Top Players by Defense Modernization Service Revenue (2021-2026)
- 5.2 Global Defense Modernization Service Industry Company Ranking, 2024 VS 2025 VS 2026
- 5.3 Global Defense Modernization Service Key Company Headquarters & Area Served
- 5.4 Global Defense Modernization Service Company, Product Type & Application
- 5.5 Global Defense Modernization Service Company Commercialization Time
- 5.6 Market Competitive Analysis
- 5.6.1 Global Defense Modernization Service Market CR5 and HHI
- 5.6.2 Global Top 5 and 10 Defense Modernization Service Players Market Share by Revenue in 2025
- 5.6.3 2025 Defense Modernization Service Tier 1, Tier 2, and Tier 3
6 Company Profiles
- 6.1 Serco
- 6.1.1 Serco Company Information
- 6.1.2 Serco Business Overview
- 6.1.3 Serco Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.1.4 Serco Defense Modernization Service Product Portfolio
- 6.1.5 Serco Recent Developments
- 6.2 Leidos
- 6.2.1 Leidos Company Information
- 6.2.2 Leidos Business Overview
- 6.2.3 Leidos Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.2.4 Leidos Defense Modernization Service Product Portfolio
- 6.2.5 Leidos Recent Developments
- 6.3 Amentum
- 6.3.1 Amentum Company Information
- 6.3.2 Amentum Business Overview
- 6.3.3 Amentum Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.3.4 Amentum Defense Modernization Service Product Portfolio
- 6.3.5 Amentum Recent Developments
- 6.4 EY
- 6.4.1 EY Company Information
- 6.4.2 EY Business Overview
- 6.4.3 EY Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.4.4 EY Defense Modernization Service Product Portfolio
- 6.4.5 EY Recent Developments
- 6.5 Dassault Systèmes
- 6.5.1 Dassault Systèmes Company Information
- 6.5.2 Dassault Systèmes Business Overview
- 6.5.3 Dassault Systèmes Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.5.4 Dassault Systèmes Defense Modernization Service Product Portfolio
- 6.5.5 Dassault Systèmes Recent Developments
- 6.6 LMI
- 6.6.1 LMI Company Information
- 6.6.2 LMI Business Overview
- 6.6.3 LMI Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.6.4 LMI Defense Modernization Service Product Portfolio
- 6.6.5 LMI Recent Developments
- 6.7 Anduril
- 6.7.1 Anduril Company Information
- 6.7.2 Anduril Business Overview
- 6.7.3 Anduril Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.7.4 Anduril Defense Modernization Service Product Portfolio
- 6.7.5 Anduril Recent Developments
- 6.8 Hanwha
- 6.8.1 Hanwha Company Information
- 6.8.2 Hanwha Business Overview
- 6.8.3 Hanwha Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.8.4 Hanwha Defense Modernization Service Product Portfolio
- 6.8.5 Hanwha Recent Developments
- 6.9 Almidmac
- 6.9.1 Almidmac Company Information
- 6.9.2 Almidmac Business Overview
- 6.9.3 Almidmac Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.9.4 Almidmac Defense Modernization Service Product Portfolio
- 6.9.5 Almidmac Recent Developments
- 6.10 Honeywell Aerospace
- 6.10.1 Honeywell Aerospace Company Information
- 6.10.2 Honeywell Aerospace Business Overview
- 6.10.3 Honeywell Aerospace Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.10.4 Honeywell Aerospace Defense Modernization Service Product Portfolio
- 6.10.5 Honeywell Aerospace Recent Developments
- 6.11 BAE Systems Plc
- 6.11.1 BAE Systems Plc Company Information
- 6.11.2 BAE Systems Plc Business Overview
- 6.11.3 BAE Systems Plc Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.11.4 BAE Systems Plc Defense Modernization Service Product Portfolio
- 6.11.5 BAE Systems Plc Recent Developments
- 6.12 ThyssenKrupp Marine Systems AG
- 6.12.1 ThyssenKrupp Marine Systems AG Company Information
- 6.12.2 ThyssenKrupp Marine Systems AG Business Overview
- 6.12.3 ThyssenKrupp Marine Systems AG Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.12.4 ThyssenKrupp Marine Systems AG Defense Modernization Service Product Portfolio
- 6.12.5 ThyssenKrupp Marine Systems AG Recent Developments
- 6.13 Thales
- 6.13.1 Thales Company Information
- 6.13.2 Thales Business Overview
- 6.13.3 Thales Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.13.4 Thales Defense Modernization Service Product Portfolio
- 6.13.5 Thales Recent Developments
- 6.14 Fincantieri SpA
- 6.14.1 Fincantieri SpA Company Information
- 6.14.2 Fincantieri SpA Business Overview
- 6.14.3 Fincantieri SpA Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.14.4 Fincantieri SpA Defense Modernization Service Product Portfolio
- 6.14.5 Fincantieri SpA Recent Developments
- 6.15 Huntington Ingalls Industries
- 6.15.1 Huntington Ingalls Industries Company Information
- 6.15.2 Huntington Ingalls Industries Business Overview
- 6.15.3 Huntington Ingalls Industries Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.15.4 Huntington Ingalls Industries Defense Modernization Service Product Portfolio
- 6.15.5 Huntington Ingalls Industries Recent Developments
- 6.16 Lockheed Martin Corporation
- 6.16.1 Lockheed Martin Corporation Company Information
- 6.16.2 Lockheed Martin Corporation Business Overview
- 6.16.3 Lockheed Martin Corporation Defense Modernization Service Revenue, Global Share and Gross Margin (2021-2026)
- 6.16.4 Lockheed Martin Corporation Defense Modernization Service Product Portfolio
- 6.16.5 Lockheed Martin Corporation Recent Developments
7 North America
- 7.1 North America Defense Modernization Service Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2 North America Defense Modernization Service Market Size by Country (2021-2026)
- 7.3 North America Defense Modernization Service Market Size Forecast by Country (2027-2032)
8 Europe
- 8.1 Europe Defense Modernization Service Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2 Europe Defense Modernization Service Market Size by Country (2021-2026)
- 8.3 Europe Defense Modernization Service Market Size Forecast by Country (2027-2032)
9 Asia-Pacific
- 9.1 Asia-Pacific Defense Modernization Service Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2 Asia-Pacific Defense Modernization Service Market Size by Country (2021-2026)
- 9.3 Asia-Pacific Defense Modernization Service Market Size Forecast by Country (2027-2032)
10 South America
- 10.1 South America Defense Modernization Service Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2 South America Defense Modernization Service Market Size by Country (2021-2026)
- 10.3 South America Defense Modernization Service Market Size Forecast by Country (2027-2032)
11 Middle East & Africa
- 11.1 Middle East & Africa Defense Modernization Service Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2 Middle East & Africa Defense Modernization Service Market Size by Country (2021-2026)
- 11.3 Middle East & Africa Defense Modernization Service Market Size Forecast by Country (2027-2032)
12 Concluding Insights
13 Appendix
- 13.1 Reasons for Doing This Study
- 13.2 Research Methodology
- 13.3 Research Process
- 13.4 Authors List of This Report
- 13.5 Data Source
- 13.5.1 Secondary Sources
- 13.5.2 Primary Sources
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