The Australian Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 201612 Sep 2011 • by Natalie Aster
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. Furthermore, with the exception of an anomaly of 17.17% in 2010, defense expenditure as a percentage of Australia’s gross domestic product (GDP) is expected to increase from its 2006 levels of 1.9% to 2% in 2015. However, while the capital expenditure as a percentage of defense budgets peaked at 27% in 2010, the government is expected to decrease this value to 24% by 2015. This is due to the increased budget allocation for revenue expenditure in order to manage matters such as death, retirement benefits and support services.
Rather than imposing offsets on military procurement, Australia instead protects the development of its domestic industry through its Australian Industry Capability (AIC) plan, by asking the Defense Materiel Organization (DMO) to assign and monitor a series of activities for investing foreign OEMs to complete. Furthermore, contract preference is given to the bidder that can provide maximum opportunity for the domestic defense industry as specified in the AIC plan.
The report “The Australian Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016” by iCD Research offers insights into market opportunities and entry strategies adopted by foreign OEMs to gain a market share in the Australian defense industry.
During the review and over the forecast period, Australia’s trend in defense spending growth is expected to correlate with its GDP growth. Consequently, over the forecast period, while the nation’s economy is expected to grow at a CAGR of 3.34%, defense expenditure is anticipated to grow at a CAGR of 1.34%.
Source: ICD Research Analysis / © ICD Research
Published: September, 2011
Price: US$ 1,250.00
The report is the result of ICD’s extensive market and company research covering the Australian defense industry. It offers 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. In addition, it provides detailed analysis of the current industry size and growth expectations from 2011 to 2015, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
- The report looks at historical performance as well as future industry projections using the in-house model. The report is a mixture of graphs, charts, tables and text in an effort to give the reader the maximum possible information in the most efficient and visually appealing manner.
- The report helps marketing agencies in the industry to promote their business by aligning their capabilities and business practices with their customers’ changing needs, while it also helps suppliers to benchmark their efforts with those of their competitors.
- The report uncovers the business outlook, key challenges and opportunities identified by suppliers and buyers, enabling industry stakeholders to understand the business sentiment prevailing in the industry.
More information can be found in the report “The Australian Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016” by iCD Research.
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