Monday, May 13, 2013

Cyber security market to be worth $68.34BN

The global cyber security market is set to be worth $68.34bn in 2013, as exceedingly high-demand continues for information security systems across governments, global militaries, and the private sector.The global market for cyber solutions has been a topic of increasing interest in a variety of industries and public sector organisations for several years and for a number of reasons. The first of these is the indisputable rise of cyber crime, malware attack, information theft and hacking which has accompanied the expansion of the internet. Threat of attack via cyberspace has in recent years become a real concern not only of public organisations guarding state secrets, but also of commercial entities seeking to remain profitable.
Cyber security is one of the strongest growth markets in the defence & security industry at present. It is important to emphasise that, uniquely, the playing field is currently very level internationally (in terms of capability); and this is almost certain to provide a major stimulus to spending in years to come, as threats evolve and militaries place increased emphasis on modernised, network-centric warfare. Moreover, the cyber security market transcends traditional defence expenditure: the private sector remains very insecure in regard to the cyber threat and the increase importance of safeguarding intellectual property is certain to ensure that higher spending is necessary across all areas of industry and commerce. Lastly, the threat to national infrastructure cannot be discounted as a major area of spending. Taken altogether, cyber security represents a major growth market which will reward both vendors and purchasers.
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Thursday, May 9, 2013

Thai defense expenditure increased at a CAGR of 5.14%

The Future of the Thai Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain a market share in the Thai defense industry.
Thai defense expenditure increased at a CAGR of 5.14% during the review period and valued US$6.1 billion in 2013. The focus of the Thai government will be on the modernization of its armed forces, the arms race with other Asian countries, and border security
Modernization of the armed forces, the arms race with other Asian countries, and border security to drive Thai defense spending.

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Tuesday, April 30, 2013

The global Missiles and Missile Defense Systems market is expected to increase at a CAGR of 2.41% during the forecast period, to reach US$19.8 billion by 2021.

The global Missiles and Missile Defense Systems market is estimated to value US$15.2 billion in 2011. The value of the market is expected to increase at a CAGR of 2.41% during the forecast period, to reach US$19.8 billion by 2021. The market consists of seven categories of missiles: surface-to-surface missiles (SSMs), surface-to-air missiles (SAMs), air-to-surface missiles (ASMs), air-to-air missiles (AAMs), anti-ship missiles, anti-tank missiles and missile defense systems.
"The Global Missiles and Missile Defense Systems Market 2011–2021 - Market Size and Drivers" allows you to:
• Gain insight into the Missiles & Missile Defense Systems market with current and forecast market values.
• Understand the key drivers and attractiveness parameters of the global Missiles & Missile Defense Systems market.
• Understand the various factors impacting the growth of the Missiles & Missile Defense Systems market.
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Monday, April 29, 2013

The Netherlands defense budget allocation of US$10.1 billion in 2013

The Netherlands is one of the top 20 defense markets across the world, with a defense budget allocation of US$10.1 billion in 2013. Primarily driven by military modernization programs, and coast guard and internal security the country’s defense expenditure is expected to register a CAGR of -0.31% during the period 2014-18. This decrease in spending is expected to be primarily due to the European debt crisis, which will force the Netherlands to cut its defense budget over the forecast period. The country’s defense imports and exports recovered in 2012 and are expected to grow over the forecast period, as the country is expected focus on acquiring equipment for maritime security, C2/C4ISR, and homeland security infrastructure.Defense expenditure in the Netherlands is primarily driven by military modernization, joint operations with the police force for the internal security of the country. Military Modernization: Participation of the country’s armed forces in peacekeeping initiatives affected the functionality of its defense equipment, especially the condition of the equipment deployed in Afghanistan, such as F-16s, armored vehicles, and helicopters. This has necessitated the need for upgrade or replacement. The MOD has already outlined plans to upgrade its helicopter and armored vehicles fleets, and F-16 fighter aircraft. The maritime forces are also being equipped with minesweeping capabilities, while frigates are being upgraded with radar systems.
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Thursday, April 25, 2013

Malaysian defense expenditure increased at a CAGR of 6.37% during the review period and valued US$4.96 billion

Malaysian defense expenditure increased at a CAGR of 6.37% during the review period and valued US$4.96 billion in 2013. The focus of the Malaysian government will be on the modernization of its armed forces, participation in peacekeeping operations, and counter terrorism activities.The Malaysian government fulfills most of its defense needs by importing military equipment from the foreign countries such as Russia, Germany, France, and Spain. The overall exports of the country during the period 2008-2012 were negligible, resulting in poor inflow of foreign investment. During the forecast period, the defense exports of the country are expected to remain low as a result of less joint development and collaboration programs, which is expected to remain the key challenge for the Malaysian defense industry during the forecast period.
The Malaysian defense budget, which is estimated at US$4.9 billion for 2013, is lower than the majority of Malaysia's neighbors, with the Philippines being one of the few countries with a lower defense budget, and this relatively small defense budget frequently deters investors from venturing into the country. Moreover, the Malaysian government has made offsets mandatory for all defense procurements exceeding US$13 million, and in an attempt to encourage domestic defense development, the Malaysian government awards additional significance to direct offsets; however, due to the lack of sufficient investment and a shortage of skilled Malaysian labor, foreign OEMs are unable to transfer sophisticated technology to domestic defense companies. The combination of the factors outlined above reduces the attractiveness of the Malaysian defense industry for foreign OEMs.

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Malaysian Defense Industry

Friday, April 19, 2013

Weapons and Ammunition in United Kingdom

Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Weapons and Ammunition market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, packaging innovations, economic/lifestyle influences, distribution or pricing issues. Forecasts illustrate how the market is set to change.
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Thursday, April 18, 2013

Saudi Arabian Defense Industry is expected to grow at a CAGR of 7.92% to reach US$77.3 billion


Saudi Arabia is estimated to have the fourth largest defense budget in the world, behind the US, China, and Russia. Valued at US$52.9 billion in 2013, the country’s defense expenditure is at the seventh position among the top 10 military spenders and is expected to grow at a CAGR of 7.92% to reach US$77.3 billion by 2018. Saudi Arabia’s military expenditure as a percentage of GDP will from its current 7.3% to 9.1% by 2018 due to slowing economic growth over the forecast period. An underdeveloped domestic defense industry coupled with the country’s high spending power presents ample opportunities for foreign OEMs to enter the market through an alliance route.

What are the key drivers behind recent market changes?
A strained relationship with Iran, high spending power, and the need to develop a skilled military force to be key factors driving defense expenditure. The Saudi Arabian government’s hopes of strengthening its defense infrastructure in order to emerge as the most powerful nation in the Middle East have been supported by many years of high oil prices and strong economic growth. The rivalry between Saudi Arabia and Iran in the Middle East is a regional power struggle for influence, in which both sides have aimed at steering the course of events, shaping developments, and influencing decisions in the region according to their political preferences and interests. The fact that the Saudi’s average defense expenditure as a percentage of GDP during the review period measured a significant 7.9% implies it has the purchasing power to procure state of the art defense equipment. In fact the country registered a figure of 7.3% with regards to its defense expenditure as a percentage of GDP, which was the highest among the world’s largest military spenders for 2012.
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