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Defense Spending in Australia

August 2020 | 46 pages | ID: D3AC964A2FBEN
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Defense Spending in Australia

SUMMARY

Defense Spending in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

KEY HIGHLIGHTS
  • Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces, including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces, defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans' benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
  • The Australian defense spending market had a total budget allocation of $26,291.0m in 2019, representing a compound annual growth rate (CAGR) of 2.8% between 2015 and 2019.
  • Market consumption volume increased with a CAGR of 0.7% between 2015 and 2019, to reach a total of 59,393 active serving personnel in 2019.
  • Australia has been aiming to achieve the 2% defense spending to GDP ratio for a number of years. Much of this revolves around the demands of defending Australia against turmoil in the South China Sea, an area where tensions continue to build.
SCOPE
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the defense spending market in Australia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the defense spending market in Australia
  • Leading company profiles reveal details of key defense spending market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Australia defense spending market with five year forecasts by both value and volume
REASONS TO BUY
  • What was the size of the Australia defense spending market by value in 2019?
  • What will be the size of the Australia defense spending market in 2024?
  • What factors are affecting the strength of competition in the Australia defense spending market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Australia's defense spending market?
1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive Landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value
3.2. Market volume

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast
5.2. Market volume forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What was the rationale behind recent M&A activity?
7.4. Have there been any significant contract wins in recent years?

8 COMPANY PROFILES

8.1. The Boeing Company
8.2. Lockheed Martin Aeronautics Company
8.3. Raytheon Co
8.4. Thales SA

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

Methodology
10.1. Industry associations
10.2. Related MarketLine research
10.3. About MarketLine

LIST OF TABLES

Table 1: Australia defense spending market value: $ million, 2015-19
Table 2: Australia defense spending market volume: active serving personnel, 2015-19
Table 3: Australia defense spending market category segmentation: $ million, 2019
Table 4: Australia defense spending market geography segmentation: $ million, 2019
Table 5: Australia defense spending market value forecast: $ million, 2019-24
Table 6: Australia defense spending market volume forecast: active serving personnel, 2019-24
Table 7: The Boeing Company: key facts
Table 8: The Boeing Company: Annual Financial Ratios
Table 9: The Boeing Company: Key Employees
Table 10: The Boeing Company: Key Employees Continued
Table 11: The Boeing Company: Key Employees Continued
Table 12: The Boeing Company: Key Employees Continued
Table 13: Lockheed Martin Aeronautics Company: key facts
Table 14: Lockheed Martin Aeronautics Company: Key Employees
Table 15: Raytheon Co: key facts
Table 16: Raytheon Co: Key Employees
Table 17: Raytheon Co: Key Employees Continued
Table 18: Thales SA: key facts
Table 19: Thales SA: Annual Financial Ratios
Table 20: Thales SA: Key Employees
Table 21: Thales SA: Key Employees Continued
Table 22: Australia size of population (million), 2015-19
Table 23: Australia gdp (constant 2005 prices, $ billion), 2015-19
Table 24: Australia gdp (current prices, $ billion), 2015-19
Table 25: Australia inflation, 2015-19
Table 26: Australia consumer price index (absolute), 2015-19
Table 27: Australia exchange rate, 2015-19

LIST OF FIGURES

Figure 1: Australia defense spending market value: $ million, 2015-19
Figure 2: Australia defense spending market volume: active serving personnel, 2015-19
Figure 3: Australia defense spending market category segmentation: % share, by value, 2019
Figure 4: Australia defense spending market geography segmentation: % share, by value, 2019
Figure 5: Australia defense spending market value forecast: $ million, 2019-24
Figure 6: Australia defense spending market volume forecast: active serving personnel, 2019-24
Figure 7: Forces driving competition in the defense spending market in Australia, 2019
Figure 8: Drivers of buyer power in the defense spending market in Australia, 2019
Figure 9: Drivers of supplier power in the defense spending market in Australia, 2019
Figure 10: Factors influencing the likelihood of new entrants in the defense spending market in Australia, 2019
Figure 11: Factors influencing the threat of substitutes in the defense spending market in Australia, 2019
Figure 12: Drivers of degree of rivalry in the defense spending market in Australia, 2019


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