Defense Spending in the United Kingdom

August 2020 | 45 pages | ID: D71962E7548EN
MarketLine

Abstracts

Defense Spending in the United Kingdom

SUMMARY

Defense Spending in the United Kingdom 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 UK defense spending market had a total budget allocation of $48,752.5m in 2019, representing a compound annual growth rate (CAGR) of 2.2% between 2015 and 2019.
• Market volumes declined with a compound annual rate of change (CARC) of -0.5% between 2015 and 2019, to reach a total of 149,500.0 thousand active serving personnel in 2019.
• The UK Armed Forces are currently facing a personnel crisis with an overall troop deficit of 9%, which equates to 7,000 troops fewer than the target figure of 82,000. The army is 10% short, the air force is 6% short and the navy is 5% short.

SCOPE

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the defense spending market in the United Kingdom
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the defense spending market in the United Kingdom
• 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 United Kingdom defense spending market with five year forecasts by both value and volume

REASONS TO BUY

• What was the size of the United Kingdom defense spending market by value in 2019?
• What will be the size of the United Kingdom defense spending market in 2024?
• What factors are affecting the strength of competition in the United Kingdom defense spending market?
• How has the market performed over the last five years?
• What are the main segments that make up the United Kingdom's defense spending market?

Contents

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 strategic partnerships/M&A activity?
7.4. Have there been any significant contract wins in recent years?

8 COMPANY PROFILES

8.1. BAE Systems Inc
8.2. Rolls-Royce Holdings Plc
8.3. Babcock International Group Plc
8.4. Cobham plc

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

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

List Of Tables

LIST OF TABLES

Table 1: United Kingdom defense spending market value: $ billion, 2015-19
Table 2: United Kingdom defense spending market volume: active serving personnel, 2015-19
Table 3: United Kingdom defense spending market category segmentation: $ billion, 2019
Table 4: United Kingdom defense spending market geography segmentation: $ billion, 2019
Table 5: United Kingdom defense spending market value forecast: $ billion, 2019-24
Table 6: United Kingdom defense spending market volume forecast: active serving personnel, 2019-24
Table 7: BAE Systems Inc: key facts
Table 8: BAE Systems Inc: Key Employees
Table 9: BAE Systems Inc: Key Employees Continued
Table 10: Rolls-Royce Holdings Plc: key facts
Table 11: Rolls-Royce Holdings Plc: Annual Financial Ratios
Table 12: Rolls-Royce Holdings Plc: Key Employees
Table 13: Babcock International Group Plc: key facts
Table 14: Babcock International Group Plc: Annual Financial Ratios
Table 15: Babcock International Group Plc: Key Employees
Table 16: Cobham plc: key facts
Table 17: Cobham plc: Annual Financial Ratios
Table 18: Cobham plc: Key Employees
Table 19: United Kingdom size of population (million), 2015-19
Table 20: United Kingdom gdp (constant 2005 prices, $ billion), 2015-19
Table 21: United Kingdom gdp (current prices, $ billion), 2015-19
Table 22: United Kingdom inflation, 2015-19
Table 23: United Kingdom consumer price index (absolute), 2015-19
Table 24: United Kingdom exchange rate, 2015-19

List Of Figures

LIST OF FIGURES

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