Russian Defense Industry Prospects Discussed in New SDI Report Now Available at MarketPublishers.com19 Feb 2015 • by Natalie Aster
LONDON - Defense expenditure grew at a CARG of approximately 14 percent over the past few years. As a result, it amounted to over USD 88.58 billion in 2015, while it stood at USD 52.5 billion in 2011.
In 2015, the country’s military expenditure hit the USD 88.6 billion mark. It is set to grow significantly in the upcoming years, with its CAGR being over 10.9 percent. The expenditure is forecast to be worth over USD 152 billion in late 2019. The country’s defense budget is expected to be higher than in most of the largest military spending nations.
In 2009-2013, Russia was in the top three of the world’s largest army exporters. Aircraft and missiles accounted for over a half of the exports, while India, Algeria and China were the most prominent purchasers.
The local military expenditure is set to be driven by such factors as large defense procurement projects (e.g. procurement of space-based C4ISR), defense systems’ modernization, growth of defense exports, to name a few.
In-demand market research report “Future of the Russian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020” elaborated by Strategic Defence Intelligence (SDI) offers a comprehensive guide to the defense industry in Russia. The study offers an insightful overview of the industry; details on the market size and examination of defense budget allocation. It uncovers a size of the homeland security market and discusses market opportunities. The report comprises Five Forces analysis; delves into import and export market dynamics; scrutinizes the competitive landscape and unveils data on key industry players. Information on business environment and country risk as well as coverage of future industry prospects can be found in the research study too.
Future of the Russian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020
Published: February, 2015
Price: US$ 1,250.00
More new insightful research reports by the publisher can be found at SDI page.