London, UK (PRWEB) July 14, 2014
In 2014, the value of the defense industry in Argentina reached USD 4.5 billion. Furthermore, it is predicted to post growth at a 9.2% CAGR in the next 5 years, and is expected to amount to around USD 7 billion in 2019. The robust growth in the country’s defense market is spurred by ongoing modernization efforts, increasing need to replace the aging military hardware, Argentina’s participation in peacekeeping missions and the Falkland Islands territorial dispute with the UK.
In the next 5 years, Argentina’s imports of defense equipment (such as submarines, aircraft, military logistics vehicles, armored vehicles, radars, etc.) are poise to see a remarkable increase owing to Argentina’s plans to modernize its armed forces. The country’s defense budget (as a percentage of GDP) is forecast to post an average growth of nearly 1.02% through 2019 compared to 0.76% growth registered between 2010 and 2014.
As of 2014, the country’s homeland security is evaluated at USD 3 billion; and in 2019 it is likely to climb to USD 4.6 billion, posting a 6.38% CAGR in the years ahead.
In-demand research study “Future of the Argentine Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019” worked out by Strategic Defence Intelligence (SDI) is now available at MarketPublishers.com.
Title: Future of the Argentine Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019
Published: June, 2013
Price: US$ 1,250.00
A granular analysis of Argentina’s defense market supplemented with a pack of historical and present industry performance estimates is provided in the topical study. The report offers a close look at the major market growth limiters and drivers, presents an extensive summary of the top market challenges and opportunities, identifies the key industry winning imperatives. It delves deep into the competitive scenario within the Argentinean defense market, profiles the dominant companies active in the domestic market, contains a detailed analysis of the main market segments, includes Porter’s five forces analysis, touches upon the market-entry and business-expansion strategies, and also examines the regulative landscape. The research report evaluates the attractiveness of Argentina’s defense industry, outlines future growth opportunities, presents a description of the business environment in Argentina and also discusses the key industry associated risks. Besides, a future outlook for the Argentinean defense industry can be found in the report.
Reasons to Buy:
More in-demand market research reports by the publisher can be found at SDI page.