Future of the South African Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/27244/Future-of-the-South-African-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/

Synopsis
This report is the result of SDI's extensive market and company research covering the South African defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Summary
Why was the report written?
The Future of the South African 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 South African defense industry.

What is the current market landscape and what is changing?
South African defense expenditure registered a CAGR of 9.2% during the review period and values US$5.3 billion in 2013. The focus of the South African government will be on crime, peacekeeping missions, border security, and military modernization initiatives to drive defense expenditure.

What are the key drivers behind recent market changes?
Crime, peacekeeping missions, border security and military modernization initiatives to drive defense expenditure.

What makes this report unique and essential to read?
The Future of the South African Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Scope
The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

The report includes trend analysis of imports and exports, together with their implications and impact on the South African defense industry.

The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

The report helps the reader to understand the competitive landscape of the defense industry in South Africa It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Reasons To Buy
The African Economic Outlook data for 2009 shows corruption in South Africa to be the fourth-highest of the 53 countries in the African region. In 2009, South Africa's corruption perception index (CPI), a score that is based on the degree of corruption as perceived by industry professionals and country analysts, and ranges between 10 (highly uncorrupt) and 0 (highly corrupt), is estimated at 4.7 - far above the African average of 2.86. The decision made by South Africa's first democratically elected government to purchase ZAR30 billion (US$3.5 billion) worth of weapons in 1999 has been the single largest, and one of the most controversial, defense procurement deals in post-apartheid South African history.

In South Africa, the lack of transparency in arms procurement processes remains a common challenge, obstructing an informed debate on any arms trade treaty among countries and aiding corruption. Furthermore, distrust between countries often escalates, leading to the excessive and destabilizing accumulation of arms.

Managing the weapons acquisition process is a challenge to both the political and technical systems in South Africa. The South African defense policy frameworks, written in the 1990s, have been proven unsuitable by several procurements, most notably the US$3.5 billion Strategic Defense Package of 1999, which was marred by corruption and irregularity. As a result, functions, mandates, and roles that were not envisaged at the time have been written into current defense force roles.

Key Highlights
Increasing concerns regarding the obsolescence of South Africa's military arsenal has enabled many foreign companies to enter the South African defense market by offering superior defense products. For instance, Boeing made its initial entry into the South African defense market with a major presence at the Africa Aerospace and Defense Expo in 2008, and the offer of the CH-47 Chinook as a solution to South Africa's heavy airlift requirements.

In the review period, there were a growing number of joint ventures between European and South African defense firms. The South African government is encouraging joint ventures as these deals enable the transfer of technology, allow domestic firms to enter the global supply chain, and encourage long-term investment into research and development. For instance, Saab AB, a defense company based in Sweden, entered into a US$35 million joint venture with a South African defense company, Denel, in order to manufacture aircraft components.

[South Africa's arms imports are dominated by Sweden due to the purchase of Gripen aircraft in 2010 and 2011 respectively. In order to replace Dassault Mirage III, the South African Air Force (SAAF) acquired 26 Swedish-built Saab Gripen C and D model fighters in 2012. During 2008-2012, 61.2% of the country's arms imports were from Sweden, 23.1% from Germany, 7.7% from UK, 5.3% from USA, 1.6% from Italy, 0.9% from Israel, and 0.3% from France.

Future of the Venezuelan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - Reports Corner

For complete information about the report, please visit our website

'https://www.reportscorner.com/reports/27223/Future-of-the-Venezuelan-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/

Product Synopsis
This report is the result of SDI's extensive market and company research covering the Venezuelan defense industry, and provides detailed analysis of both historic and forecast defense industry values, including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape
Why was the report written?
The Future of the Venezuelan 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 Venezuelan defense industry.

What is the current market landscape and what is changing?
Venezuelan defense expenditure recorded a CAGR of 7.82% during the review period and is expected to value US$5.7 billion in 2013. Modernization activities and border disputes drove expenditure during the review period, and both factors are expected to continue to be drivers throughout the forecast period. Defense expenditure in Venezuela is expected to register a CAGR of 11.37% and reach a value ofUS$8.0 billion by 2018. As a percentage of gross domestic product (GDP) the Venezuelan defense budget stood at 1.64% in 2013, and is expected to increase to 2.08% of GDP by 2018, largely due to the expected increase in defense expenditure. The capital expenditure allocation of the Venezuelan defense budget, which stood at 41.6% during the review period, is expected to increase to 68.9% during the forecast period, as a result of increased budget allocation for equipment purchases. Consequently, revenue expenditure is likely to decrease from 58.4% in the review period to 31.1% in the forecast period. Key opportunities for equipment suppliers are expected in the areas of fighter and multi-role aircrafts, transport and utility aircraft, and attack aircraft. Other areas expected to provide opportunities for equipment suppliers are the purchase of main battle tanks, diesel electric submarines, as well as surface-to-air and surface-to-surface missiles. 

What are the key drivers behind recent market changes?
Modernization, border disputes and development of domestic defense industry to drive defense expenditure in the forecast period.

What makes this report unique and essential to read?
The Future of the Venezuelan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

The report includes trend analysis of imports and exports, together with their implications and impact on the Venezuelan defense industry.

The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

The report helps the reader to understand the competitive landscape of the defense industry in Venezuela. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues
In 2013, Venezuela recorded a defense budget of US$5.7 billion, which was low compared to some other Latin American countries. Furthermore, during the review period, capital expenditure accounted for 41.6% of Venezuela's total defense budget, expected to increase to 68.9% over the forecast period. This increase in capital expenditure translates into a higher budget allocation for the purchase of equipment, and hi-tech arms and ammunition. Nevertheless, a relatively smaller defense budget has become a barrier to entry for foreign companies, despite the country maintaining an open economy. The Venezuelan defense industry comprises only of state-owned companies with little specialization in weapon categories, this results in a lack of advanced defense technology and means that foreign weapon suppliers, who intend to conduct business in Venezuela, face infrastructure challenges. Although foreign suppliers can bring advanced technology into the country, this can result in technology imports without offset incentives. At the same time, as the country plans to develop its domestic defense industry, it might encourage domestic suppliers to produce more defense equipment, ending a reliance on foreign companies.

Corruption has become a major obstacle for foreign companies aiming to enter the Venezuelan defense market, as it can result in unfair contract awards. According to Transparency International's corruption perceptions index, Venezuela is a highly corrupt country with a score of 19, and the country ranks 165th out of 174 countries. Government tenders are often unreliable in Venezuela because the process frequently lacks transparency; in May 2010, the former Venezuelan defense minister was sentenced to nearly eight years in prison for misappropriating state funds while in office. As part of the anti-corruption drive initiated by the Venezuelan government, in June 2013, a senior tax official was arrested on charges of corruption. The authorities had previously apprehended senior officials from government ministries, state companies and other organizations on charges of corruption.

Key Highlights
Although Venezuela allows 100% FDI in its defense industry, its underdeveloped defense market, lack of advanced technology, and small defense budget mean many foreign OEMs prefer to enter the industry through direct selling. High corruption levels, increasing government intervention, and economic and political instability also make the Venezuelan defense industry unattractive to foreign investment. A large proportion of military procurement is undertaken through government-to-government, or government-to-supplier deals. 

In May 2006, the US judged that Venezuela had not been fully co-operating in counter terrorism efforts and announced an arms embargo against the country, banning the export and re-export of US originated defense equipment to Venezuela. Consequently, the country started to import defense equipment from Russia and Spain, who were prepared to export to Venezuela. During 2007-2011, Venezuela imported around US$2.0 billion of arms from Russia, including 24 Sukhoi fighter jets, over 100 T72 tanks, dozens of combat helicopters, and air defense systems. China is also an important import partner for the country, and during the review period Venezuela purchased long-rage surveillance radar systems and fighter jets from China. Other import partners include the Netherlands, Switzerland, Ukraine, Germany, and Italy. Venezuela purchased naval patrol boats from Spain, and radar systems from the Netherlands. Over the review period, Venezuela imported weapons worth US$11.0 billion from Russia.

Future of the Nigerian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/27222/Future-of-the-Nigerian-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/

Product Synopsis
This report is the result of SDI's extensive market and company research covering the Nigerian defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape
Why was the report written?
The Future of the Nigerian 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 market share in the Nigerian defense industry.

What is the current market landscape and what is changing?
The Nigerian defense market, valued at US$2.3 billion in 2013, is expected to see a double digit growth rate over the forecast period, to reach US$4.4 billion by 2018. Piracy, oil smuggling in the Gulf of Guinea and a contribution to peacekeeping operations are expected to drive the country's military expenditure to register a growth rate of 13.62% over the forecast period. The growth in military expenditure will be assisted by the country's stable economic growth over the forecast period, which will a see rise in defense expenditure as a percentage of GDP from 0.8% in 2013 to 1.1% in 2018. Nigeria's capital defense expenditure is expected to increase from 0.4 billion in 2013 to 0.6 billion by 2018, although its share in total expenditure is expected to decrease from 15% during the review period to 14% over the forecast period. Defense equipment such as marine helicopters, fighters, patrol vessels, and armored personnel carriers are expected to be demand over the forecast period. An under developed domestic defense industry and availability of funds propel the Nigerian government to import from the countries producing low-cost defense equipment. The growing threat from Boko Haram and other extremist groups in northeastern states, and drug trafficking are expected to drive the Nigerian government's investments in homeland security over the forecast period. Police modernization and homeland security infrastructure developments are expected to be primary areas for investment by the government.

What are the key drivers behind recent market changes?
Nigerian military expenditure is expected to be mainly driven by peacekeeping operations and efforts to stop the smuggling of stolen oil.

What makes this report unique and essential to read?
The Future of the Nigerian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

The report includes trend analysis of imports and exports, together with their implications and impact on the Nigerian defense industry.

The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

The report helps the reader to understand the competitive landscape of the defense industry in Nigeria. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues
According to the Corruption Perceptions Index 2010 of Transparency International, Nigeria is classified as a highly corrupt country. Corruption can result in unfair contract awards and has become a major obstacle for foreign companies aiming to supply arms to the Nigerian MoD. There is also widespread corruption in the Nigerian Police Force; embezzlement and mismanagement of the police budget has resulted in only a small portion of the budget being spent on protecting internal security, resulting in an increased internal threat to the country. In January 2008 the Chief of Army Staff, acting for and on behalf of the government of Nigeria, awarded contracts to Esquire Ventures Ltd., Profitel Ltd., Century Communications Ltd., and Jonny-Way Investments Ltd., for the supply of various specialist military items to be used by Nigeria's UN-backed troops, for NGN1,190.7 million (US$10.3 million). Materials valued at NGN660 million (US$5.7 million) were supplied and others worth NGN530.7 million (US$4.6 million) were ready for shipment, but the contractors were paid only NGN175 million (US$1.5 million), leaving the contractors underpaid, despite the country receiving funding for the project from the UN worth several million dollars. Issues such as this are causing the Ministry of Defense and Nigerian Police to maintain a high level of focus on anti-corruption activities.

With a defense budget of US$2.3 billion in 2013, Nigeria invests only 0.8% of its GDP towards defense. During the review period an average of 14.9% of the defense budget was allocated for capital expenditure, representing a relatively low allocation for the purchase of equipment and high-technology arms and ammunition. As a result, the country's relatively small defense budget does not attract foreign defense companies, and the prohibition of FDI in the defense sector also acts as a barrier for market entry for foreign suppliers.

Key Highlights
Nigeria is the largest crude oil producer in Africa and generates about 80% of its revenues from oil exports. However, the country is plagued by piracy and oil theft, so loses about 10% of its oil exports. The expanding activities of criminal gangs have caused an upsurge in the number of oil ships attacked by the Nigerian pirates in Gulf of Guinea in the last two years. Pirates not only hold the ship and crew for ransom, but also strip the vessel of oil and other valuable items. A lack of stringent security measures in Gulf of Guinea and along its borders has also accentuated the threat of oil theft, which cripples the country's economy. In 2011, Nigerian soldiers destroyed nearly 500 illegal oil refineries in the Niger Delta region to stop the smuggling of stolen oil in the country. Recently, Nigeria had to withdraw its peacekeeping contingent form Darfur to counter the threat from oil smugglers in around of Niger Delta. The Nigerian government is expected to spend on strengthening its Navy and maritime patrol to deal with oil smugglers and procure necessary equipment over the forecast period. Nigeria's Navy is seeking government approval to acquire up to 49 ships and 42 helicopters over the next ten years to guard the nation's territorial waterways and Gulf of Guinea.

Nigeria has a long history of internal conflicts marring its economic growth and stability. Although these conflicts have ethnic and religious connotations to them, the divisions have deeper reasons such as struggles for control over the oil. The recent emergence of the radical Islamic group, Boko Haram flared up the rebellion in northeast Nigeria leading to the announcement of emergency in these states by the President in May. Boko Haram is believed to be behind the kidnappings of foreign nationals for ransom and subsequent killings in the past two years. Nigerian government suspects that Boko Haram's leadership has ties with Al Qaeda in the Islamic Maghreb (AQIM) and other international terrorist groups; these suspicions have become stronger due to the sophisticated weaponery used by the Boko Haram during the conflict with Nigerian Army prior to the emergency declaration. The Nigerian government passed its first anti-terrorism act in February 2011, and is also expected to invest in surveillance and intelligence technologies to counter the threat posed by these extremist groups. Nigeria is expected to modernize its police force to enable them to handle the threats posed by these extremist groups armed with sophisticated equipment.

Nigeria's defense imports peaked in 2010 due to the import of aircraft from China and fell back to 2009 levels during 2011. The sudden increase in imports in 2010 is primarily due to the import of 15 F-7 aircraft from China. During the forecast period, imports of defense equipment are expected to rise further as the country plans to increase its defense expenditure and spend more on equipment purchases. The underdeveloped domestic defense market will also lead to a rise in total defense equipment purchases during the forecast period.

South East Asia Defense Market Opportunity Analysis - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/24630/South-East-Asia-Defense-Market-Opportunity-Analysis/

Countries in the South East Asian region have begun to overcome the economic downturn and are increasing their defense spending to keep pace with their economic growth. While there has been increasing economic development it has been accompanied by greater geo-political instability in the region. While a few countries have stepped up their arms procurement programs to equip their forces, this has spurred a parallel push from other countries in the region to keep pace and to act as a deterrent. These driving factors have seen increase in military modernization programs and the purchase of UAVs, armoured vehicles, ships and aircrafts by many nations. This will pave the way for greater defense allocations and budgets and continued growth in the market for defense products for the period until 2018.

Almost every country in South-East Asia has a defense procurement program and this makes it one of the fastest-growing defense markets in the world. While greater details are provided elsewhere in this report the general trend has been that countries in this region have been adding to their sophisticated arsenal, modernizing and upgrading their equipment and arming themselves to avoid border disputes, regional security threats and as a deterrent.

South East Asian countries have been shopping around for the best price, technology and the need to be not tied to one or a small group of suppliers. Vietnam procuring from India, France and other European nations, apart from its ‘regular ally’ Russia while Philippines buys from its regular partner US and other nations such as South Korea, Japan and Russia and the region’s largest nation Indonesia buys from South Korea, China, Russia and the US.

“South East Asia Defense Market Opportunity Analysis” research report by KuicK Research gives comprehensive insight on following aspects related to booming Defense market opportunity in South East Asian region: 

• Regional & Country Level Defense Market Overview
• Market Attractiveness Parameters
• Defense Spending by Country
• Defense Contracts
• Future Buyout Plans
• Defense Spending Forecast

Future of the Finnish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/22396/Future-of-the-Finnish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/

Product Synopsis
This report is the result of SDI's extensive market and company research covering the Finnish defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape
Why was the report written?
The Future of the Finnish 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 Finnish defense industry.

What is the current market landscape and what is changing?
Finnish defense expenditure decreased at a CAGR of -0.74% during the review period and values US$3.8 billion in 2013. The focus of the Finnish government will be on the modernization of its armed forces, participation in peacekeeping operations, and the perceived threat from Russia.

What are the key drivers behind recent market changes?
Military modernization, threats from Russia, and participation in peacekeeping missions are the main factors driving the Finnish defense industry.

What makes this report unique and essential to read?
The Future of the Finnish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

The report includes trend analysis of imports and exports, together with their implications and impact on the Finnish defense industry.

The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

The report helps the reader to understand the competitive landscape of the defense industry in Finland. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues
Finland has been perceived as a country with low levels of corruption. However, since 2006, three alleged instances of bribery and corruption involving the country's defense sector have been highlighted. As a result, the country's ranking in the Transparency International Corruption Perceptions Index has been dropping since 2007.

The Finnish defense budget deficit in 2011 stood at US$10.6 billion, due to which the country is compelled to reduce its defense budget in the next ten years. The Ministry of Defense is currently contemplating reductions of US$90 million in its defense budget for 2013-2014, which may eventually lead to the cancellation of defense related projects and air defense modernization projects. A potential cut to Finland's defense budget is an area of concern for foreign investors. This prospect deters the entry of foreign investors into the nation's defense sector.

Key Highlights
In order to increase defense exports and cater to the international arms market, the Finnish government encourages domestic defense companies to collaborate with foreign defense firms. Conversely, foreign investors seek to capitalize on Finnish defense capabilities through the joint development of military hardware. Additionally, the country is focused on defense collaboration with other Nordic countries, thereby enhancing the domestic industrial capabilities of Finland, Norway, and Sweden, and forming a consolidated defense industry. For example, the country jointly established Nammo in 1998 through the merger of the ammunition activities of Raufoss ASA, which is based in Norway, and Celcius AB, which is based in Sweden.

During 2008-2012, Italy emerged as the largest supplier of defense systems to Finland with a share of 23% of total imports, followed by Switzerland with 20.3%, and Sweden with 16.2%. In 2008, Switzerland supplied 45.8% of the Finnish imports while France, with a 22.4% share, was the second largest supplier to the country. Due to the economic crisis during 2008-2009, defense imports slumped by 72.6%, declining from US$157 million during 2008 to US$43 million in 2009. During the forecast period it is expected that Sweden, France, and Italy will continue to be strong defense trade partners for the country.

The procurement deal signed with Croatia in 2007 meant that armored vehicles were the largest contributor to Finnish defense exports with 53.2% share during 2008-2012 followed by ships with 20%. However, from 2008 onwards, Finland made no exports of ships. During the forecast period, it is anticipated that armored vehicles will continue to dominate the country's arms exports due to an increase in the global demand for this product.

Future of the Danish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/22395/Future-of-the-Danish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/

Product Synopsis
This report is the result of SDI's extensive market and company research covering the Danish defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape
Why was the report written?
The Future of the Danish 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 market share in the Danish defense industry.

What is the current market landscape and what is changing?
The Danish defense budget, valued at US$4.1 billion in 2013, is estimated to register a CAGR of -9.16% during the forecast period and decline to US$2.8 billion by 2018. This decrease in spending is expected to be primarily due to the country's public debt, which will force Denmark to cut its defense budget over the forecast period. Primarily driven by capability building and participation in NATO and UN operations, the country's defense expenditure is expected to focus more on the procurement of equipment for its maritime security, cyber security, missile defense, and counterterrorism capabilities over the period 2014-2018. The country's defense imports and exports are expected to increase marginally over the forecast period.

What are the key drivers behind recent market changes?
Denmark's defense priorities focus on enhancing the capabilities of its armed forces to deploy force contributions at short notice for safeguarding Danish interests at home and abroad, and for participation in NATO's operations and UN peacekeeping operations. These factors are expected to drive the country's military expenditure over the forecast period.

What makes this report unique and essential to read?
The Future of the Danish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

The report includes trend analysis of imports and exports, together with their implications and impact on the Danish defense industry.

The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

The report helps the reader to understand the competitive landscape of the defense industry in Denmark. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues
Denmark has a small defense budget when compared to other European countries such as the UK, Germany, and France, and is likely to register negative growth over the forecast period. As the Danish government allocates a small proportion of its budget to defense, the country spends less on the purchase of equipment and high-technology arms and ammunition. Moreover, the country spends less on advanced technology and research and development, resulting in lower export capacities. Consequently, the country's low defense budget has become a barrier to entry for foreign companies. As Denmark's defense industry comprises small companies with little specialization in a particular weapon category, and due to a lack of advanced defense technology, foreign weapon suppliers wishing to conduct business face challenges in infrastructure. Although these foreign suppliers can bring in advanced technology, this will result in technology imports without any offset incentives. Foreign suppliers face challenges on these fronts while pursuing a defense business opportunity.

Denmark is a member of the Nordic Council, which was formed in 1952 with the purpose of enhancing economic co-operation among Nordic countries. Moreover, with the formation of the Nordic Defense Co-operation (NORDEFCO) in 2009, defense procurement from - and joint equipment development programs with -Nordic member countries are likely to increase during the forecast period. Additionally, as Denmark has signed a defense co-operation treaty with the US, the country is giving preference to US companies while purchasing defense materials. As a consequence, it has become challenging for companies from countries other than the US and those in the Nordic region to enter the Danish defense market.

Key Highlights
Safeguarding Danish interests: The primary purpose of Danish armed forces is to enforce the sovereignty of the kingdom and safeguarding Danish interests in Greenland, Faroe Islands and abroad. In addition, the country's armed forces are also expected to carry out national tasks such as surveillance and rescue operations. Climate changes leading to increased geographic accessibility in Arctic region have been resulting in heightened commercial activity in the area. The Danish armed forces are expected to safeguard the country's right to extract natural resources in Greenland and the Arctic region. During the review period, the Ministry of Defense undertook a number of major reorganizations of its armed forces to equip relevant and contemporary capacities. In addition, the Danish government believes that the continuous proliferation of weapons of mass destruction and long-range missiles along with cyber-attacks pose major security threats to Danish interests. International developments coupled with these factors will lead to altered requirements for the capacity development of Danish armed forces, which is expected to deploy its forces quickly and flexibly, with a focus on short as well as sustained operations. As part of the capacity development, the Danish government is planning to equip its armed forces with modern military arms and equipment such as joint strike fighter aircraft, marine helicopters, armored vehicles, patrol vessels, small ships, radars and communication systems, new artillery systems, and ballistic missile defense systems among others. International Peacekeeping missions: Denmark is the main contributor to NATO (KFOR) operations in Kosovo with a commitment of about 150 military personnel. In November 2010 Denmark reaffirmed its commitment to assist NATO forces in Afghanistan and also committed to help train Afghan security forces ahead of an eventual withdrawal of NATO troops scheduled at the end of 2014, allowing the country to assume full sovereignty.

Cyber-warfare has moved up the list of favorite mode of attack by terrorist groups over the last five years. The possibility of destroying the nation's strategic resources even without entering into the country is appealing to these terrorists groups and instances of such cyber-attacks have been increasing. Danish Defense Intelligence identified cyber war as the most serious threat to national security in its risk assessment announced in October 2012. The Danish government placed high priority on cyber security and established a Computer Emergency Response Team (CERT), which joined the Europe Government CERTs group (EGC group), a joint effort by European countries to counter cyber-attacks. Furthermore, Denmark's Defense Intelligence Service is planning to establish a cyber warfare unit 'Center for Cyber Security' to safeguard its military network from cyber-attacks with an estimated budget of US$6 million. The center's budget is expected to increase annually to reach US$26 million by 2017 and will be handling both defensive and offensive cyber security measures.

Arms imports in Denmark declined sharply in 2010 and 2011 due to the country's budget cuts, which recovered in 2012. The country's defense imports are expected to recover gradually over the forecast period, as the country plans to modernize its military and procurement of F-35 joint strike fighters, MH-60R marine helicopters, and ballistic missile defense systems. Denmark sourced 31.8% of its defense import requirements from the UK during 2008-2012, followed by Sweden, the Netherlands and Germany, accounting for 29.7%, 18.0%, and 10.0% of defense imports respectively. Switzerland and the US were other major arms suppliers for the country. Over the period 2013-2017, the country is expected to increase its defense imports, especially from the US and its European neighbors.

Future of the Sri Lankan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - Reports Corner

For complete information about the report, please visit our website

https://www.reportscorner.com/reports/23184/Future-of-the-Sri-Lankan-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/

Product Synopsis
This report is the result of SDI's extensive market and company research covering the Sri Lankan defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape
Why was the report written?
The Future of the Sri Lankan 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 market share in the Sri Lankan defense industry.

What is the current market landscape and what is changing?
With a defense budget of US$1.7 billion and less than 5% marked for capital expenditure, Sri Lanka presents few opportunities for foreign defense companies. Rebuilding northern parts of the country, which were destroyed during the war and repayment of loans taken during the war, are expected to drive the country's military expenditure, which is expected to grow at a CAGR of 6.12% over the forecast period. The country is expected to maintain a low allocation for defense procurement over the forecast period, focusing only on procuring necessary arms as the country focuses on reducing its debt.

What are the key drivers behind recent market changes?
During the forecast period the country is expected to invest US$10.7 billion in the fulfillment of its defense requirements, stimulated by factors such as post-war rehabilitation and a tense relationship with India.

What makes this report unique and essential to read?
The Future of the Sri Lankan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

The report includes trend analysis of imports and exports, together with their implications and impact on the Sri Lankan defense industry.

The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

The report helps the reader to understand the competitive landscape of the defense industry in Sri Lanka. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues
During the forecast period the country is expected to invest US$10.7 billion in its armed forces, of which US$0.44 billion is forecast to be on the acquisition of military hardware, offering foreign OEMs limited opportunities to cater to the Sri Lankan defense industry. Furthermore, during the civil war the country procured weapons by taking loans and, therefore, over the next five years a portion of military expenditure will be spent on the repayment of existing loans. The country is focusing on increasing its revenue expenditure from an average of 94% during the review period to an average of 96% during the forecast period, a factor which is also expected to cause the acquisition of defense equipment to further decline. Such factors do not make the Sri Lankan defense market an attractive investment destination for foreign OEMs.

Incidents of malpractice within Sri Lanka's military industrial base may limit the growth of the country's defense sector. In addition to damaging the country's image in the global arms market, it also discourages foreign OEMs from market entry. For example, in 2010 the former Sri Lankan army chief was found guilty of favoring the defense firm of his son-in-law, and was subsequently convicted. Furthermore, the government has been accused of siphoning off a portion of the contract money for the acquisition of four MiG-27 aircraft and the overhaul of three other MiG-27 craft and a MiG-23 UB trainer contract awarded to the Ukraine in 2006. The government has also been accused of transferring the money to a proxy firm in the UK. All these factors hamper the growth of the Sri Lankan defense industry.



Key Highlights
De-mining and rehabilitation: The priority task for the Sri Lankan Army is the de-mining of the region, which was previously controlled by the LTTE, as it placed large quantities of ant-tank mines and other IEDs (Improvised Explosive devices) while retreating. The presence of these mines makes the area incapable of habitation and the Army is actively working on de-mining the land, which is about 1,500 sq. km. Additionally, cities and villages in the northern part of the country were destroyed by both separatists and the armed forces. The Sri Lankan Army also undertook the responsibility of rehabilitation and management of these areas during the review period and the same is expected to continue over the forecast period. Furthermore, the Army operates rehabilitation centers which house 11,000 surrendered LTTE cadres along with about 300,000 civilians who were displaced during the war.

Post-LTTE Tamil movement: The Sri Lankan government considers surviving LTTE members including ex-fighters, supporters, and family members of people who have been affiliated with LTTE will pose a security threat to its integrity. About 11,000 detainees with suspected LTTE links have been screened out to rehabilitation camps in the north of the country and are at present detained without legal framework. In addition, a number of organizations such as TGTE and Associates, Global Tamil Forum, and Nediyawan continued the struggle for an independent Tamil homeland, largely from overseas bases. A significant difference between the LTTE and these new groups are that the latter cannot be easily classified as terrorist organizations as they primarily advocate the use of non-violent methods, and therefore cannot be officially outlawed. These security threats are expected to drive the country's homeland security expenditure.

Sri Lankan defense imports registered a continuous increase during 2006-2008 due to the outbreak of civil war in the country during 2006-2009. However, since the war ended in May 2009, the country's overall arms imports have significantly reduced. With the country focusing on the repayment of debts which it undertook during the conflict with the LTTE, Sri Lankan defense imports are projected to reduce during the forecast period.