Defense Industry for UK, Italy & Russia with 2019 Forecasts in New Research Reports at RnRMarketResearch.com

RnRMarketResearch.com adds latest reports on Defense Market for UK, Italy & Russia to its store.

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Dallas, TX (PRWEB) February 19, 2014

Synopsis
This report is the result of extensive market and company research covering the UK, Italy & Russia defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape
Why was the report written?
This report offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the UK, Italy & Russia defense industry.

What is the current market landscape and what is changing?
The UK is one of the major military spenders across the world. Counter terrorism measures and peacekeeping operations have been key factors stimulating defense spending in the UK and are expected to do the same over the forecast period. Currently, the UK MoD is embarking on budget cuts, a trend expected to continue until 2017, after which, the government will increase the budget slightly. The budget cut is primarily due to the government’s steps to curb its overall expenditure through the restructuring of operations, efficiency enhancements, and erasing redundancy. Another contributing factor is the end of the Afghanistan war and planned withdrawal of troops from the region by the end of 2014. Over the forecast period, the capital expenditure share of the total defense budget is expected to increase steadily due to the government’s procurement plans. The country’s homeland security expenditure, which recorded a CAGR of -0.85% over the review period, is expected to increase at a CAGR of 1.45% over the forecast period, driven by increasing threats to cyber security, terrorist activity, and increased border security.

Complete report on UK Defense Industry is available @ http://www.rnrmarketresearch.com/future-of-the-uk-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2019-market-report.html .

Italy which is one of the largest defense spenders in Europe and tenth largest spender in the world is projected to spend US$147.2 billion on its armed forces during the forecast period. In 2014, the Italian government allocated US$27.67 billion for the total defense budget which recorded a CAGR of 5.18% during 2010 to 2014. Defense expenditure is inclusive of the expenditure on the defense function, homeland security, and other expenses. Italian defense expenditure is primarily driven by increasing terrorist threats, participation in peacekeeping initiatives, replacing the ageing military equipment, and the modernization of defense forces with advanced technology equipment. The defense function stood at US$19.13 billion in 2014 and is expected to increase at a CAGR of 3.09% during the forecast period, to reach US$22.32 billion in 2019. Capital expenditure will also see a marginal increase which is anticipated to grow at 5.16% due to the country’s heavy procurement pattern during the forecast period. The Italian defense industry is expected to focus on modernization of the armed forces by implementing various procurement programs that include F-35 Joint Strike Fighter project. Typhoon multirole combat aircraft, FREMM frigates, NH 90 helicopters, and Medium Extended Air Defense System (MEADS) program

Complete report on Italy Defense Industry is available @ http://www.rnrmarketresearch.com/future-of-the-italian-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2019-market-report.html .

Covering a large geographical area that is rich in natural resources, Russia places utmost importance on the protection of its borders and critical infrastructure. The country has the world’s longest land border that it shares with 14 other countries, and shares maritime borders with Japan, via the Sea of Okhotsk, and the US state of Alaska, across the Bering Strait. Over the forecast period, Russia’s total defense expenditure is estimated to record a CAGR of 12.84%, in accordance with the country’s commitment towards the protection of its civilians and critical infrastructure. By 2019, defense expenditure is forecast to account for 4.5% of Russia’s GDP, with an average per-capita defense expenditure of US$1,055.8 over the forecast period. Russia is the world’s second largest arms exporter, with over 1,300 defense firms that also cater to the entire needs of the Russian armed forces. Funded by booming oil and gas profits, the country is in the midst of a huge equipment upgrade program that will witness an expenditure of US$650 billion over the period 2011-2020. Attractive market opportunities projected to emerge in the forecast period include areas such as ballistic missiles, surface ships, submarines, UAVs (unmanned aerial vehicles), T-90 tanks, helicopters, warplanes and satellites.

Complete report on Russian Defense Industry is available @ http://www.rnrmarketresearch.com/future-of-the-russian-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2019-market-report.html .

Browse more reports on Defense Industry @ http://www.rnrmarketresearch.com/reports/public-sector/defense .

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