Introduction and Landscape
Why was the report written?
The Australian defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017 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 Australian defense industry.http://www.bharatbook.com/
What is the current market landscape and what is changing?
While Australian defense expenditure is estimated to reach US$28.5 billion in 2012, this value is expected to grow at a CAGR of 5.13% over the forecast period, to reach US$38.8 billion by 2017. This is the direct result of government plans to modernize its military, to assist the allied troops in the global war against terrorism and the rising number of peacekeeping missions undertaken by the Australian forces. Along with the defense budget, the capital and revenue expenditure also is expected to show steady growth in the forecast period. Furthermore, the defense budget as a percentage of its GDP is expected to increase from its estimated figure of 1.8% in 2012 to 2% by 2017.
What are the key drivers behind recent market changes?
In 2009, the Australian government launched a new military modernization plan to upgrade its forces in order to counteract the threat posed by rising global terrorism, changing political dynamics in the Asia-Pacific region and the rising number of peacekeeping operations undertaken by Australian forces. The Australian Government is also expected to increase budget allocation for revenue expenditure in order to manage matters such as death, retirement benefits and support services.
What makes this report unique and essential to read?
The Australian defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017provides detailed analysis of the current industry size and growth expectations from 2013 to 2017, 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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