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BAE Systems plc
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== Market == === '''Total Addressable Market:''' === Here, the total addressable market (TAM) is the global defence market which is valued at $2.24 trillion based on worldwide military expenditure figures for 2022<ref name=":0">https://www.sipri.org/sites/default/files/2023-04/2304_fs_milex_2022.pdf</ref>. === '''Serviceable Available Market:''' === Here, the serviceable available market (SAM) is the defence market in select geographical regions (shown in map) accessible to the company which is valued at $1.37 trillion based on the respective 2022 military expenditure figures<ref name=":0" />. === '''Serviceable Obtainable Market:''' === Here, the serviceable obtainable market (SOM) is the defence market in select geographical regions (shown in map) accessible to the company which is valued at $1.28 trillion according to the 2022 BAE Systems Annual Report<ref name=":0" />. === '''Region Accessible:''' === USA UK [[File:Greyscale map.png|alt=Map showing Global Presence of BAE Systems.|thumb|525x525px|Map showing Global Presence of BAE Systems<ref name=":1">https://investors.baesystems.com/~/media/Files/B/BAE-Systems-Investor/documents/bae-ar-complete-2022-new.pdf</ref>.]] Kingdom of Saudi Arabia Australia India France Germany South Korea Japan Italy === '''Largest Region:''' === USA === '''Market Drivers:''' === - Invasion of Ukraine and tensions in East Asia drive increased spending. - Increased spending by Japan in response to perceived growing threats from China, North Korea and Russia. - Aids and grants to Ukraine === '''Market Trends:''' === - Unmanned combat vehicles - Autonomous fighter jets - Edge computing - 3D printed technology - Use of AI in defence equipment <ref>https://www.researchandmarkets.com/reports/5720994/defense-global-market-opportunities-and</ref> <ref>https://www.baesystems.com/en/our-company/about-us</ref>
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