Russia’s Defense Budget to Grow at 8.62% CAGR through 2021, Expects SDI in Its New Topical Study Now Available at MarketPublishers.com04 Oct 2017 • by Natalie Aster
LONDON – Russia has the longest land border across the globe (it shares the border with 16 countries). Furthermore, this country has maritime borders with Japan and the US. Russia pays much attention to the protection of national borders and critical infrastructure, which covers a huge geographical area that is rich in natural resources.
During 2012-2016, Russia’s defense expenditures registered a -7.4% CAGR, and now are evaluated at around USD 48.7 billion. Over 2017-2021, the country’s defense budget is set to increase at an 8.62% CAGR to reach the value of USD 65.2 billion; this is attributed mainly to continued military modernisation and uptake in defense exports.
Over 2012-2016, the country’s government allocated an average of 47.1% of its total defense budget to capital expenditure and the remaining part to revenue expenditure. Through 2021, capital expenditure is predicted to decline to an average of 40.2%, owing to a target set by the Russian Ministry of Finance aimed at defense spending cutting.
“The Future of the Russian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022” worked out by Strategic Defence Intelligence (SDI) presents a profound analysis of the Russian defense industry landscape, uncovers both historic and present industry values as well as outlines future growth prospects up to 2022. Besides, this study covers the market dynamics, reviews the key factors responsible for the market growth and also points out the major growth challenges and opportunities. Moreover, this report describes competitive landscape, profiles top players and includes Porter’s Five Force analysis. This research report highlights prevailing trends, discusses the main factors influencing the demand and also gives a comprehensive future outlook through 2022.
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