New market study, "Italy Defence & Security Report Q2 2011", has been published

New Defense market report from Business Monitor International: "Italy Defence & Security Report Q2 2011"
 
May 12, 2011 - PRLog -- BMI forecasts that Italy's defence expenditure will reach EUR27.42bn in 2011, up 3.3% from EUR26.54bn in 2010. Per capita defence spending is expected to rise to EUR452.00, up from EUR438.14 in 2010. Defence will take a slightly greater share of the national budget, 3.4%, from 3.3% in 2010. This would indicate that Italy still sees defence as a priority spending area, though defence has already been cut back somewhat as a proportion of government outlay over the past decade, having accounted for 4.2% in 2002-2003.

Similarly, defence spending has fallen from 2% of GDP - the NATO recommended minimum - in 1999- 2004, to 1.7% in 2007, the level at which it remains. BMI expects defence expenditure to rise steadily over the forecast period, growing by 3.7% in 2012, 3.6% annually from 2013 to 2017 and then 3.7% again in 2018 and 2019. In dollar terms, this is 7.08% in 2012, 2.79% in 2013, 3.60% from 2014 and 2015 and then 3.65% to 2019.

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Full Report Details at
- http://www.fastmr.com/prod/152693_italy_defence_security_...
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Despite some fluctuations in growth, we expect defence as a proportion of government spending to rise to 3.5% in 2012 and remain at that level through to 2019, again reflecting Italy's ongoing commitment to defence, even if it will remain a smaller proportion of overall expenditure than in many countries, including some European neighbours. By 2019, therefore, BMI forecasts that Italy's defence spending will total EUR36.481bn, or US$45.601bn; in per capita terms, EUR602.89 and US$753.60. The first quarter of 2011 has seen Italy carefully monitoring the situation in North Africa as violence has escalated.

In February 2011, Italy said that it was considering asking the Tunisian government for permission to deploy troops in Tunisia in order to stem the flow of illegal immigrants from the North African country in the wake of protests that toppled President Zine al-Abidine Ben Ali. Italy has long faced serious challenges from illegal immigration, given its position adjacent to North Africa and the Balkans and its long, indented coastline. It remains to be seen whether Italy would be willing to deploy its stretched military to Tunisia, or whether it is using the threat to exert pressure on the EU and the new Tunisian government.

Italian military bases are likely to be used in any international military action in Libya. Rome has said that it will follow decisions made by the EU, NATO and the UN on intervention in the North African country, which suggests that Italy will not take a lead in urging military action or sanctions. On March 10, however, Italy restated its position that it would not participate in targeted bombings being proposed by French President Nicholas Sarkozy, AGI reported. It has also said that Italian planes would not take part in enforcing the proposed no-fly zone. Rome seems willing to follow the international lead on sanctions on Libya, but remains deeply sceptical about military force. It may also be that Italy is still reluctant to undermine Colonel Qadhafi's regime due to Italy's economic interests in the country. Despite reports of private discussions with the rebels, Italy's position remains at best equivocal.

On the commercial side, Italian firms continue to look to diversify away from the stagnant European defence market, particularly to the Middle East. In March 2011, Turkey's Hurriyet Daily News reported that Finmeccanica was proposing a partnership with the Turkish armed forces to help Turkey meet its future military aircraft needs.

Finmeccanica, like its international rivals, is looking to tap into Turkey's massive ongoing investments in its military capacity, to maintain its position on the Turkish market and use the country as a springboard for boosting its penetration in regional markets. Several Middle Eastern countries are in the process of upgrading and expanding their militaries as concerns about the region's long-term stability grow, and Italian firms are in a strong position to capitalise.

Partial Table of Contents:

SWOT Analysis
- Italy Security SWOT
- Italy Defence Industry SWOT
- Italy Political SWOT
- Italy Economic SWOT
Global Political Outlook
- The United States
- China
- Japan And The Koreas
- Russia
- Europe
- India
- Brazil
- Turkey
- Iran
- Egypt, Saudi Arabia And Pakistan
- Terrorism
- Africa
- Space
- Competition
- Wild Card In Global Politics
- Conclusion
Europe Security Overview
- The Strategic Outlook For The 2010s
- Europe In A Global Context
- Europe's Key Security Issues Over The Coming Decade
Western Intervention In Libya? Challenges Assessed
- The West's Military Options
- Conclusion
Security Risk Analysis
- BMI's Security Ratings
- Table: Europe Security Risk Ratings
- Table: Europe State Terrorism Vulnerability To Terrorism Index
- Italy's Security Risk Ratings
- City Terrorism Rating
- Table: BMI's Western Europe City Terrorism Index
Political Outlook
Italy Security Overview
- Internal Security Situation
- Organized Crime
- Timeline: Internal Threats
- Table: Italy Insurgent Groups
- External Security Situation
- International Terrorism
- Latest Developments
- Timeline: External Threats
Armed Forces And Government Spending
- Armed Forces
- Defence Posture
- Defence Reform
- International Deployments
- Table: Italy Foreign Deployments
- Coordination And Joint Operations
- Weapons Of Mass Destruction
Market Structure
- Arms Trade
- Defence And Procurement
- Table: Italy's Key Defence Players
- Industry Background
- Procurement Background
Industry Forecast Scenario
- Armed Forces
- Table: Italy's Armed Forces, 2000-2008 ('000 personnel, unless otherwise stated)
- Table: Italy's Manpower Available For Military Services, 2008-2015 (aged 16-49, unless otherwise stated)
- Government Expenditure
- Table: Defence Expenditure, 2008-2015
- Table: Italy's Defence Expenditure Scenario, Changing % of GDP, 2008-2015 (US$mn)
- Defence Trade
- Table: Italy's Defence Exports, 2008-2015 (US$mn)
- Table: Italy's Defence Imports, 2008-2015 (US$mn)
- Table: Italy's Defence Trade Balance, 2008-2015 (US$mn)
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Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=1526...

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
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