Overall Spending in the Russian Defense Industry expected to Increase from US$88.6 Billion in 2015 to US$152.1 Billion by 2020
Albany, NY (PRWEB) February 24, 2015 -- This market research report on the Russian defense industry provides a detailed analysis of this market in terms of its structure, competitive landscape, market attractiveness, and future market forecasts. The introductory part of this report discusses in detail the background of the Russian defense industry and the emerging opportunities in this market. The report infers from ongoing trends and the historic background of this industry. This market is presently characterized by military modernization and high exports. The report examines the allocation of the defense budget towards revenue expenditure, Russia’s capital expenditure, and per capita defense expenditure. The report discusses the division of homeland security in terms of market size, prevailing trends, Russian homeland security spending, and future market forecasts.
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This market research report offers useful insights into the trends of export and import within the defense procurement market. As per the report, Ukraine is the chief defense supplier to Russia. The key buyers of Russian defense equipment were Algeria, India, and China. At present, a significant chunk of Russian defense exports comprises missiles and aircraft. Via in-depth assessment of market entry strategies and Porter’s Five Forces analysis, this market research report lays emphasis on the various threats, opportunities, and challenges facing the Russian defense industry. With the help of 85 figures and 47 tables, this market research report sheds light on some of the most important aspects of the Russian defense industry such as budget allocation, expenditure, business alliances, latest contracts, homeland security budget, market size, ongoing trends, and future market forecasts.
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The comprehensive publication offers razor-sharp insights into the competitive landscape thereby providing a detailed overview of the key domestic companies operating in the Russian defense industry. Few of the prominent companies in the Russian defense industry are Irkut Corporation, United Aircraft Corporation, V.A. Degtyarev Plant, Uralvagonzavod, KBP Instrument Design Bureau, Almaz Antey, Kurganmashzavod, Oboronprom Corporation, Tactical Missiles Corporation, Splav, Sukhoi, and Izhevsk Mechanical Works. The competitive landscape includes the profiling of the main companies in the Russian defense industry covering points such as their respective financial landscape, business strategies, recent orders, products being offered, and recent contract wins.
This market research study explains that the Russian defense industry is expected to be driven by factors such as greater defense exports, modernization of defense systems, and huge defense procurement projects. The overall expenditure on the Russian defense sector is expected to rise to US$152.1 billion by 2020 from US$88.6 billion in 2015, thereby growing at a CAGR of 10.93% during the forecast period. This market research study includes detailed information on anticipated investment patterns, technical specifications, and recent orders in the Russian defense industry during the specified forecast period.
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