Future of the Canadian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018

Researchmoz presents this most up-to-date research on"Future of the Canadian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018".The report focuses primarily on quantitative market metrics in order to characterize the growth and evolution of the Remote Patient Monitoring Market.

To Read The Complete Report With TOC Kindly Visit: http://www.researchmoz.us/future-of-the-canadian-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2018-report.html

Product Synopsis

This report is the result of SDI's extensive market and company research covering the Canadian 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 Canadian 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 Canadian defense industry.

What is the current market landscape and what is changing?

The Canadian defense budget, which is projected to be US$18.8 billion in 2014, is expected to dip at a CAGR of 1.17% during the forecast period and reach US$17.9 billion by 2018. Defense expenditure that amounted to 1% of GDP in 2013 is expected to fall to 0.8% by 2018 due to budget cuts. The downward slope is primarily due to the government's steps to curb its expenditure through restructuring of operations, efficiency enhancements, and erasing redundancy. Another contributing factor is the end of the Afghanistan war and withdrawal of troops from the region in 2014. 

The capital expenditure budget, which stood at an average of 17.3% in the review period, is expected to increase to 21.5% in the forecast period, due to the government's modernization plans. The HLS budget was US$348.0 million in 2009 and moved up to US$379.0 million in 2013, driven by increasing threats to cyber security, terrorist activity, and increased border security to combat illegal immigration. In the coming years, demand for equipment is mainly expected to revolve around fighters and multi-role aircrafts, armored personnel vehicles, corvettes, frigates, and UAVs.

What are the key drivers behind recent market changes?

Canada's defense expenditure primarily stands on the nation's military modernization goals set in 2008, targeted at the re-designing of the Canadian Army. Furthermore, the tussle with Russia over the sovereignty of the Arctic region also compels Canada to incur expenditure on its forces to protect its territory.

What makes this report unique and essential to read?

The Future of the Canadian 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.

Browse All Related Reports At : http://www.researchmoz.us/defense-and-security-market-reports-139.html

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 Canadian 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 Canada. 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

• Canadian IRBs, which define defense offsets, provide a timescale for the submission of offset plans. These timescales are generally short and, therefore, challenge defense companies to identify offsets and submit proposals. The offset policy also defines penalties for not submitting offset plans in time and the bidder is rejected if 30% of the offset proposal is not submitted with the bid. Of the remaining 70%, 30% of the offset obligation must be identified within one year from the date of awarding the contract, and the remaining 40% has to be identified within three years. If these timelines are not adhered to, foreign companies may face a penalty of additional IRB obligations equal to 50% of the unfulfilled amount. 
• ITAR is a set of regulations defined by the US government to control the trade of defense-related technology. Under the regulations, Canadian companies are allowed to offer Canadian citizens access to sensitive technology under certain circumstances. However, an employee of a Canadian defense company that is a national of a restricted country cannot access the information, which leads to non-compliance with Canadian human rights as it constitutes discrimination based on an employee's nationality or place of origin. The US authorities have proposed an amendment to the existing regulation in August 2010.

Key Highlights

• Canada's defense expenditure is driven by the demand for military equipment refurbishment. The government felt the need to equip the armed forces with advanced and better technology and, subsequently, in 2008, released the CFDS that outlines the restructuring of Canadian military bases. The CFDS has assigned 12% of its total budget for upgrades over a twenty-year period spanning across 2008 to 2027. The DND also remains committed to roll-out the National Shipbuilding Procurement Strategy that aims to elevate the country's naval fleet, which was neglected in the budget revision of 2005-2006. This would primarily involve the purchase of supply ships, frigates, and off-shore patrol vessels for the Arctic region. The air and land forces will also receive a facelift via new and more technologically superior fighter aircraft and armored vehicles coming in place of the ones lost or depleted during the operation in Afghanistan.
• One of the biggest threats that Canada's vital infrastructure, including government data base, utilities, and communication and transportation systems, are facing is that of cyber attacks. These sectors, which were once physically protected, are now interconnected through cyber networks. However, Canada suffers from the absence of tough defense against cyber criminals and hackers from China and Russia. In 2011, the entire Treasury Board Secretariat had to be kept off-line for months as government computer infrastructure was badly attacked by dangerous malware. To fight against cyber intrusion, the federal authority has introduced Canada's Cyber Security Strategy that lists the government's measures to secure the cyberspace for all Canadians. Under this plan, the government started the Canadian Cyber Incident Response Centre (CCIRC) which functions collectively with national and international partners in determining, preventing, and negating cyber-attacks.

Table of Content

1 Introduction

1.1. What is this Report About?

1.2. Definitions

1.3. Summary Methodology

1.4. SDI Terrorism Index

1.5. About Strategic Defence Intelligence

2 Executive Summary

3 Market Attractiveness and Emerging Opportunities

3.1. Defense Market Size Historical and Forecast

3.1.1. Canadian defense expenditure recorded a CAGR of 1.49% over 2009-2013

3.1.2. Equipment Modernization, Force Development and fight for sovereignty over Arctic region to form base of defense expenditure

3.1.3. Defense budget expected to stay below 1.0% of GDP over 2014-2018

3.2. Analysis of Defense Budget Allocation

3.2.1. Allocation Trend expected to change during the forecast period

3.2.2. Capital expenditure to be US$19.5 billion over the forecast period

3.2.3. DND to spend US$72.0 billion on revenue expenditure during forecast period

3.3. Homeland Security Market Size and Forecast

3.3.1. Homeland security market expected to decline at a CAGR of 2.81% during the forecast period

3.3.2. Homeland security expenditure primarily on cyber-attacks, terrorism and border security

3.3.3. Canada falls under “some risk” of terrorism category

3.3.4. Canada has terrorism index score of 0.1

3.4. Benchmarking with Key Global Markets

3.4.1. Canada's defense budget grew at a CAGR higher than the US during the review period

3.4.2. The US and China dominate the global defense industry, while Canada ranks eleventh

3.4.3. Canada allocates lower share of GDP for defense than US and Russia

3.4.4. Terrorist activities are moderate in Canada

3.5. Market Opportunities: Key Trends and Growth Stimulators

3.5.1. Fighters and Multi-Role Aircraft expected to grow

3.5.2. Investments on Air Reconnaissance to increase in the coming years

3.5.3. Canada to concentrate on Naval Surface Combatants modernization

3.5.4. Armored Personnel Carriers undergoing modernization

3.5.5. Demand for UAVs to mount during the forecast period

4 Defense Procurement Market Dynamics

4.1. Import Market Dynamics

4.1.1. Defense imports expected to increase during the forecast period

4.1.2. US defense companies are the main arms suppliers to Canada

4.1.3. Armored vehicles, engines, and aircraft account for the majority of Canadian arms imports

4.2. Export Market Dynamics

4.2.1. Defense exports are expected to increase in the forecast period

4.2.2. The US stands as the largest market for the Canadian defense industry

4.2.3. Aircraft and missiles account for the majority of exports

5 Industry Dynamics

5.1. Five Forces Analysis

5.1.1. Bargaining power of supplier: medium

5.1.2. Bargaining power of buyer: high

5.1.3. Barrier to entry: medium

5.1.4. Intensity of rivalry: medium to high

5.1.5. Threat of Substitution: low to medium

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Global Military Fixed-Wing Aircraft Market 2013 - 2023

Researchmoz presents this most up-to-date research on"The Global Military Fixed-Wing Aircraft Market 2013 - 2023".The report focuses primarily on quantitative market metrics in order to characterize the growth and evolution of the Remote Patient Monitoring Market.

To Read The Complete Report With TOC Kindly Visit: http://www.researchmoz.us/the-global-military-fixed-wing-aircraft-market-2013-2023-report.html

 Product Synopsis

This report is the result of SDI's extensive market and company research covering the global military aircraft industry. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.

Introduction and Landscape

Why was the report written?

“The Global Military Aircraft Market 2013-2023” offers the reader detailed analysis of the global military aircraft market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.

What makes this report unique and essential to read?

“The Global Military Aircraft Market 2013-2023” provides detailed analysis of the current

industry size and growth expectations from 2013 to 2023, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.

View All Related Reports At : www.researchmoz.us/defense-and-security-market-reports-139.html

Key Features and Benefits

The report provides detailed analysis of the market for military aircraft during 2013-2023, including the factors that influence why countries are investing or cutting expenditure on military aircraft. It provides detailed expectations of growth rates and projected total expenditure.

A significant number of countries are investing in the development of their domestic military aircraft industries by establishing strategic alliances and technology transfer agreements with global military aircraft manufacturers. In addition to improving the indigenous capabilities of a domestic defense firm, this provides the foreign original equipment manufacturer (OEM) with an opportunity to cater to a new market. Furthermore, some European countries that are still suffering from the effects of a recession, including France, Germany, Italy, and the UK, are undertaking joint research and development projects to reduce the per-unit costs of an aircraft. Additionally, partnerships between countries that possess an advance defense industrial base, such as the UK and France, aid the mutual sharing of advanced technology.

Key Market Issues

Traditionally, North America and Europe accounted for around 80% of global defense spending. However, the global economic downturn, US economic crisis, and European debt crisis are expected to negatively impact the defense spending and lead to defense budget cuts. As a consequence, the allocation for military aircraft is not expected to grow significantly during the forecast period owing to financial constraints faced by most of the leading defense spenders. For example, the US, the largest defense spender, announced defense budget cuts of US$178 billion between 2011 and 2015. As a result, the US government cancelled its C-17 transport aircraft project in 2010, which resulted in an estimated US$3 billion savings. In January 2011, the German government decided to cut orders for A400M military transport aircraft from 60 to 53 aircraft and is also planning to sell 13 aircraft to foreign customers.

Aircraft such as the F-35 and F-22 require large amounts of on-board electrical power. Power demand has been rising sharply, especially for military platforms. Associated with this trend is an increased need for efficient power conversion and distribution, and thermal management systems. High power electrical systems on aircraft flying at high-speed and high altitude present unique thermal challenges both at the application and system level. Although electrical systems are highly efficient, the magnitude of on-board power demand and unique design aspects of on-board aviation systems lead to considerable thermal management challenges. Even if a 1 MW system were to be up to 95% efficient, a total of 50 kW of heat has to be removed without exceeding acceptable junction temperatures. This poses significant challenges to the thermal management system, as it has to remove the total capacity of waste heat with minimal temperature rise at a minimum of weight and volume.

Key Highlights

A prominent trend that is expected to be highlighted over the forecast period is the increased focus on the acquisition of multi-role aircraft. The multirole fighter aircraft market is expected to attract the largest amount of spending globally during the forecast period owing to its capability to function in multiple roles. The US DoD is undertaking its largest ever defense program known as the Joint Strike Fighter through which it intends to equip its Air Force with new F-35 multi-role aircraft. This program is estimated to value up to US$392 billion until 2037. Several other countries including Canada, Australia, UK, Italy, Norway, Netherlands, Turkey, Japan and Israel are also vying to acquire these fifth generation multi-role aircraft for their militaries. Furthermore, France and India are procuring 286 and 126 Rafale fighter aircraft which are cumulatively expected to value approximately US$25 billion. There are numerous models of multi-role aircraft under demand such as SU-30MK, Eurofighter Typhoon, F-16, F/A-18F Super Hornet, EA-18G Growler etc. by countries across the world in order to maintain their fleets' battle readiness.

With a number of technological advances that have been implemented in modern ballistic missile technology, it has become possible for countries possessing such technologies to accurately target military installations or critical infrastructure of rival nations in different continents. Also, with the incorporation of stealth and radar evading technologies that have been developed for these missiles it has become imperative for countries defending against such attacks to possess early warning of the launch, the missile's trajectory and other details such as speed and elevation. This has spurred a number of major defense spending countries as well as developing countries to invest in the procurement of early warning aircraft which can detect missile launches and provide accurate flight data in order to facilitate timely counter action. It is anticipated that in order to enhance the quality of information derived from such aircraft platforms, these aircraft may also be linked to satellites. Countries which are expected to invest significantly in the acquisition of early warning aircraft include the US which will procure E-3 Sentry and E2D Hawkeye platforms, Chinese investment in the Kongjing 2000, Australian procurement and upgrade of the E7A Wedgetail platform and Brazil's upgrade of the Embraer 145 fleet among several others.

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Future of the US Defense Industry Available At Researchmoz

Researchmoz presents this most up-to-date research on"Future of the US Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018".The report focuses primarily on quantitative market metrics in order to characterize the growth and evolution of the Remote Patient Monitoring Market.

Complete Report With TOC Kindly Visit:  http://www.researchmoz.us/future-of-the-us-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2018-report.html

Product Synopsis

This report is the result of SDI's extensive market and company research covering the US 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 US 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 US defense industry.

What is the current market landscape and what is changing?

The US is the world's leading defense market, with a defense budget of US$613.9 billion in 2013, and is expected to remain at the top defense spenders table over the forecast period. Although funding for overseas operations is estimated to decrease, the country's base military expenditure is expected to increase at a CAGR of 1.93% over the forecast period. Plans for acquisition of advanced defense equipment coupled with replacement of old and obsolete equipment are projected to drive the country's capital expenditure presenting growth opportunities for the defense equipment and technology suppliers, despite looming threat of budget cuts and sequestration. Sequestration will not terminate or affect the existing contracts, but only affect the DoD's future contracts and the number of equipment to be procured under these contracts. Still, the US market is estimated to retain its attractiveness for foreign defense companies and new entrants, which can enter the market through joint development or strategic alliance with or acquisition of domestic players. The US government's encouragement of foreign direct investment (FDI) in defense sector will also help foreign companies in entering the market.   The homeland security market of the US is expected to be driven by missions such as preventing terrorism and enhance security; securing and manage borders; enforcing and administering immigration laws; safeguarding and securing cyberspace; as well as ensuring disaster resilience. During the forecast period, the US is expected to invest in homeland security products such as surveillance equipment, and cutters and patrol vessels, and the budget of the US is expected to increase from US$60.7 billion in 2013 to US$65.3 billion in 2018, registering a CAGR growth of 2.15%.

View All Related Reports At : http://www.researchmoz.us/defense-and-security-market-reports-139.html

What are the key drivers behind recent market changes?

Rebalancing of Asia- Pacific, turbulent Middle East, modernization and replacement of obsolete equipment, are expected to drive defense spending

What makes this report unique and essential to read?

The Future of the US 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 US 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 The US. 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

• 2011 Budget Control Act (BCA) has set a cap on total national defense budget funding, starting with US$546 billion in 2013 and reduced it by US$54.3 billion each subsequent year.  BCA necessitated the US Department of Defense (DoD) to take-up US$487 billion of reductions in its expenditure over the period of 10 years. Sequestration, if allowed to go into effect, would alter virtually every aspect of DoD's planning. It would force a uniform reduction in budget authority of approximately 10.3% across all accounts other than military personnel. Sequestration does not affect defense budget funding that has already been obliged, but only affects DoD's ability to award new contracts and exercise option on existing contracts. While sequestration will reduce funding for nearly all acquisition programs across DoD, it will not directly terminate programs. An across-the-board reduction will force DoD to renegotiate many contracts to be able to buy in smaller quantities since less funding will be available.
• The US must modernize its aging fleet of equipment, such as fighter aircraft, helicopters, land defense systems, and maritime equipment; however, the rising unit cost of defense systems poses a challenge to procurement funding. The cost of military hardware is increasing due to technological advancements and a shortage of skilled labor in the design, engineering, and manufacturing sectors, coupled with the rising cost of input materials such as metal. In addition, the per-unit overhead costs at production facilities increased due to a reduction in the number of units manufactured; for example, in the shipbuilding industry the cost of constructing ships has been increasing 1.4% per year faster than the price of final goods and services in the US economy. The US government has reduced the amount of military hardware to be procured, resulting in a reduction in the number of units to be produced, a loss in profits, and increasing unemployment in such sectors.
• With the US aiming to reduce the country's defense expenditure by US$60 billion during 2013-2018, and rising personnel and health costs, the country's capital expenditure on defense is anticipated to decrease. Furthermore, the government encourages companies throughout the defense market to increase the efficiency of the organizations and sell unprofitable units. In addition, reverse engineering by countries like China and Iran will enable the defense companies of these countries to offer defense equipment at lower price, posing a challenge to the domestic defense companies of the US. According to SDI's Defense Industry Business Outlook 2013-2014 survey, 43% of respondents from the North American region agree that the reverse engineering from countries is the biggest concern for the defense industry in the coming five years, and as a result, defense companies will be compelled to take greater risks and accept lower profits on the limited number of available government contracts. Due to a combination of the above factors, unemployment is expected to increase, negotiations with suppliers and customers will become tense, and efforts to reduce expenses will increase across the board. Companies such as Lockheed Martin and Northrop Grumman have already taken strategic steps, such as the sale of unprofitable units and redundancy packages for senior managers, in order to reduce executive payrolls.

Key Highlights

• Rebalancing of Asia-Pacific: Post decade-long wars in Afghanistan and Iraq the US shifted its defense strategic focus towards the region with potential to pose threat to its economy and superpower status. Growing might of Chinese military and its assertiveness in regional disputes in the recent years have grabbed the attention of the US. The US considers China to possess the capability of affecting its superpower status both economically and militarily. Chinese investments in fifth generation aircraft, cyber warfare, anti-aircraft and anti-ship weaponry, aircraft carriers, submarines, and ballistic missiles pose a potential threat to US power projection capabilities in the Pacific. Another potential threat for the US is North Korea, which is perceived to be trying to achieve nuclear capability. The country also believes that North Korea is actively pursuing the development of thermonuclear weapons such as hydrogen bombs in which plutonium and uranium are combined for a higher energy yield.
• Following the 9/11 attacks, the US reorganized and integrated its federal agencies and created the Department of Homeland Security (DHS) for the purpose of building a strengthened homeland security enterprise and to be equipped to counter a range of threats. The DHS's expenditure is expected to driven by the mission areas such as preventing terrorism and enhancing security, securing and managing its borders, and safeguarding and securing Cyberspace. Preventing Terrorism and enhancing security: DHS's top priority mission area is preventing terrorism on its land and enhancing the security. DHS's counterterrorism responsibilities focus on preventing the unauthorized acquisition, importation, movement, or use of chemical, biological, radiological, and nuclear materials and capabilities within the United States; and reducing the vulnerability of critical U.S. infrastructure and key resources, essential leadership, and major events to terrorist attacks and other hazards. Recent Boston Marathon bombings have re-imposed the need of counter terrorism measures and the country is expected increase fund allocations for this purpose.
• The US has a highly developed defense industry that is capable of fulfilling the majority of domestic military requirements, and the nation is also the largest global exporter of defense equipment due to its highly advanced defense industrial base. Despite this, the US has become increasingly open to importing arms goods from foreign defense equipment suppliers in the UK and Canada, and consequently, arms imports registered a steady increase during the review period; the majority of imports consist of subsystems and components for aircraft and armored vehicles. Although global military expenditure registered a decline in 2009 due to the global economic slowdown, US defense exports continued to grow that year; the largest consumers of US defense goods during 2008-2012 were South Korea, Australia, and the UAE. While the country exports all types of defense equipment, the majority consists of fighter aircraft, missile defense systems, armored vehicles, engines, and sensors.

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Future of the Turkish Defense Industry Market Analysis At Researchmoz

Researchmoz presents this most up-to-date research on"Future of the Turkish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018".The report focuses primarily on quantitative market metrics in order to characterize the growth and evolution of the Remote Patient Monitoring Market.

Complete Report With TOC Kindly Visit: http://www.researchmoz.us/future-of-the-turkish-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2018-report.html

Product Synopsis

This report is the result of SDI's extensive market and company research covering the Turkish 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 Turkish 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 Turkish defense industry.

What is the current market landscape and what is changing?

Turkey, one of Europe's most attractive defense markets, allocated a military budget of US$15.3 billion in 2013, which increased at a CAGR of 3.3% during the review period. The country is expected to grow at a CAGR of 6.6% to reach US$21.3 billion by 2018. Turkey's defense expenditure will largely be driven by a strained relationship with Greece, persistent terror threats, and instability within the region, considering the 28-year-old fight against the Kurdistan Workers' Party (PKK) one of the major factors. The country has no plans to decrease its defense budget and is expected to increase its expenditure on procurement for the foreseeable future. The capital expenditure allocation of the defense budget averaged 26.4% during the review period and is expected to increase to an average of 29.7% over the forecast period. This increase is primarily due to the country's procurement plans including Joint Strike Fighter F-35, A400M transport aircraft and the Type-214 air-independent propulsion submarine and modernization plans lined up during the forecast period. The current modernization trend aims to have smaller and more advanced forces with greater mobility and firepower.

What are the key drivers behind recent market changes?

Participation in Peacekeeping missions, a reduction in foreign dependency for military equipment, threats due to the Kurdish Workers Party and other external factors, and military modernization initiatives to drive defense expenditure during the forecast period.

What makes this report unique and essential to read?

The Future of the Turkish 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.

 

Browse All Related Reports At :  http://www.researchmoz.us/defense-and-security-market-reports-139.html

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 Turkish 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 Turkey. 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

• Until 2004, the Turkish Ministry of Defense was highly trusted, and defense deals were not scrutinized for instances of corruption and bribery; however, during the review period, high ranking defense officials were convicted on charges of malpractice. For example, in 2004, a former commander of the Turkish Navy was accused of bribing defense procurement officials in order to ensure defense procurement from a domestic firm owned by close associates.
• Throughout the review period, Turkey has invested in substantial defense procurements, and its military modernization program is currently approaching completion. The country is in possession of a well-developed domestic defense industry which is primarily dependent on Turkish defense expenditure. However, the country has now achieved the majority of its military modernization plans and this, coupled with the impact of the global economic recession, has resulted in the postponement of a number of defense procurement programs. As a result, no major procurements are expected over the forecast period and this will force the domestic defense industry to cater to small defense procurements or develop an export market for its products.

Key Highlights

• Strained relationship with Greece: Since the 1970s, Turkey and Greece have been engaged in a dispute over territorial rights in the Aegean Sea, with both countries laying claim to the Aegean continental shelf. The central issues between the two countries are the exploration rights to minerals and oil under the seabed, and air control responsibilities. Furthermore, the two nations are involved in a conflict over the control of Cyprus. Despite recent efforts made on behalf of both countries' governments to resolve the ongoing dispute, territorial conflicts remain largely unresolved and will continue to fuel Turkish defense expenditure. Instability within geographical region: Turkey shares borders with both Iran and Syria, and although the three countries share a peaceful relationship, the increasing defense capabilities of Iran and Syria in missile defense and weapons of mass destruction are perceived by Turkey as a potential security threat. Consequently, throughout the forecast period the country will focus on the enhancement of its missile defense capabilities. Additionally, hostility among Middle Eastern states such as Israel and Iran, combined with turbulence among the newly independent republics of the Caucasus region such as Georgia, Armenia, and Azerbaijan, threaten to disturb Turkish borders. Turkey will increase defense expenditure over the forecast period in order to safeguard its national security. 
• Threat from separatists and extremists: A major challenge to the country's homeland security is posed by the Kurdistan Workers Party (PKK), an organization which resorts to violent methods in an attempt to establish an independent Kurdish state. The Turkish government is currently holding peace talks with PKK, which are threatened by the Syrian Civil war as Kurdish militants supply arms to PKK. In addition, the nation is also prone to terror attacks from global terrorist organizations such as Al-Qaeda and the Revolutionary People's Liberation Party. In order to prevent such attacks, the nation plans to invest in unmanned aerial vehicles, improvised explosive device (IED) jammers, intelligence and communication systems, and reconnaissance and surveillance satellites.
• Pakistan being the largest recipient of the Turkish defense equipment, modernized its older US-built F-16 fighter jets by Turkish Aerospace Industries. The country also receives wireless equipment from Turkey's military electronics firm Aselsan. During 2012, there were some additions to the export partner list including Turkmenistan, which signed an agreement in October 2010 to purchase two new generation patrol boats from Turkish private shipyard, Dearsan Shipyard for a contract value of  EUR55 million.

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