UK Defense Industry Set to Grow after Consistent Decline : Market Attractiveness, Competitive Landscape and Forecasts to 2020
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The report predicts that the British defense industry is finally set to grow from 2014 to 2020, after falling consistently for years. The study report discusses the major factors behind the declivity of the UK defense industry and also provides readers with an in-depth analysis of both the forecast and historic defense industry statistics.
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The UK is recognized as one of the major military regions across the globe. At present, the UK is mainly focusing on maximizing their exports in order to increase the region’s military expenditure from an estimated value of US$55.6 billion in 2016 to reach an expected value of US$58.1 billion by 2020. According to one of the essential key findings in this market study, expenditure on the defense industry in the UK decreased from US$59.6 billion in 2011 to US$54.9 billion by 2015.
Covering the complete market condition for the next five years, the report broadly analyzes the factors influencing the UK defense industry, aspects controlling the demand for military equipment, challenges faced by the major players in the defense industry, other key trends and news, as well as an analysis of the industry leading companies.
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Over the next five years, the UK defense ministry is anticipated to procure infantry fighting vehicles, ballistic submarines, transport aircraft, aircraft carriers, and multi-role aircraft. This type of military procurement in the UK will be driven by the need for better defense systems and active participation in conflict resolution and peacekeeping operations. The quest for effective military products and corporate restructuring is also expected in the country during the forecast period.
Leaders from the UK defense ministry are preparing to meet greater challenges with respect to the navy, army, and air force. Through various market characteristics such as bargaining power of buyers, bargaining power of suppliers, barriers to entry, intensity of rivalry, and threat of substitutions, the report provides an insight into the impact of a wide range of aspects on the development of the market. These also include market opportunities, strategic initiatives, analysis of the competitive landscape of the UK defense industry, and details of the leading five defense investment opportunities over the coming 10 years.
The report includes detailed profiles of the leading foreign and domestic defense manufacturers, with in-depth details of their recent contract wins, alliances, product investments, and financial analysis wherever available. Information about such market facets will give the user an overall understanding of the total competitive landscape of the UK defense industry and the confidence to make well-informed decisions for the coming five years.
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