New Product Launches Expected in Global Defense Industry: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report covers key business priorities, supplier price variations, changes in procurement expenditure, and supplier prices with the implementation status of e-procurement of within the defense industry. Additionally, it provides information categorized by region and company type. Defense industry is expected to grow at a steady rate in near future. The increase in returns in defense industry in 2016 is due to increase in defense budgets in China and the US. There is an increase in defense spending in some parts of the world but still there can be seen fall in defense expenditure globally. There are various challenges in survival of defense industry and the most important is how to survive in the declining global industry market and how to make profits out of it. Figure: Factors Supporting Global Defense Industry ‘Defense Industry Business Outlook and Procurement Report H1 2016’ underline the business perspectives and procurement activities. Report talks about the decrease in defense expenditure, rising competition and uncertainty in the markets. Organisations are planning for innovations and technological advancement in defense industry and are focussing on reducing the cost of equipment. Mergers and acquisitions are expected to increase within the defense industry. Procurement expenditure for defense organizations is projected to increase by an average of 7% over the next six months. Moreover, 46% of defense industry executives expect supplier prices to increase in the next six months. China’s defense budget is growing very fast which is making other economies restless. Defense budget of china is a cause of concern for its neighboring countries. China announced its defense budget for year 2014 as USD 132 billion which is 12.2% higher than year 2013. There is very high increase in China’s military spending from the last two decade almost two digit increase every year. In this era of globalization, such trends give rise to disruptive effects. The developed country which spends a lot in Research and development in this crucial sector for the growth and safety of a nation is growing at a lower rate than the growth in developing or emerging countries. The reason is quite simple. Developing nation can replicate the R&D done by developed nations and can grow faster. Developing nations are reaping the benefits of R&D done by developed ones. Table: Military Expenditure by Region (in constant US dollars) Regions 2011 2012 2013 2014 2015 Africa 34.7 35.6 39.0 41.3 39.1 America 838 800 747 706 689 Asia 372 387 404 427 450 Europe 390 394 387 390 397 Middle East 145 158 169 181 Source: SIPRI Military expenditure data Defense industry is a heavy industry which requires bulk investment. Domestic companies cannot compete with the global companies or other economies without the support of government. Government is taking interest to protect their own country’s defense industry. It’s very painful for the domestic companies when there is a cut in national defense budgets then it becomes very difficult to be in the race of competition. Since the government defense budgets are shrinking over the years so it’s necessary to have cuts in expenditures. The customers whom defense companies come across are low on budgets so companies have to make equipment with minimum costs and there is a need for innovations and technological advancement in this sector. To know more on coverage on research title “DEFENSE INDUSTRY BUSINESS OUTLOOK AND PROCUREMENT REPORT H1 2016”, click on the link below: https://www.kenresearch.com/defense-and-security/defense/defense-industry-business-outlook/29313-16.html Related Reports: Russian Aircraft Corporation: Aerospace and Defense-Company Profile & SWOT Analysis Sukhoi Company JSC: Aerospace and Defense-Company Profile & SWOT Analysis Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Aircraft components market Size, Combat vehicles Market, Defense Industry Future Outlook, Defense Industry Mergers and Acquisitions, Defense Market Size in China, Global Defense Industry Research Report, Global Defense Industry technology, US Defense Sector Developments