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UK Defense Industry 2019
Albany, NewYork (PRWEB) February 19, 2014
Product Synopsis
This report is the result of SDI's extensive market and company research covering the UK 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.
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Introduction and Landscape
Why was the report written?
The Future of the UK Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 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 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.
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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.
What are the key drivers behind recent market changes?
Certain factors pertaining to the security of UK are expected to drive the nation's defense expenditure in the coming years. These include the risk of attacks from internal and external terrorist groups and border conflicts with Algeria and Spain. Additionally, ammunition modernization initiatives will be an area of focus for military expenditure over the forecast period.
What makes this report unique and essential to read?
The Future of the UK Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
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Key Features and Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2014to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
The report includes trend analysis of imports and exports, together with their implications and impact on the UK defense industry.
The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
The report helps the reader to understand the competitive landscape of the defense industry in UK. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
Key Market Issues
The UK government has announced plans to reduce defense expenditure over the next five years in order to control the country's increasing fiscal deficit. Such reductions will lead to a decline in procurements and are expected to have a negative impact on domestic defense companies. The announcement of defense budget cuts followed the Strategic Defense and Security Review, conducted in October 2010, and follows many other countries that have already cut their defense budgets, resulting in a contracted global defense market. The MoD is planning to reduce personnel by 33,000 across all three military services, including 5,500 in the Royal Navy, 19,500 in the Army, and 8,000 in the Royal Air Force, by 2020. In addition, the civilian workforce is being reduced by 32,000 at the same time.
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