Researchmoz presents this most up-to-date research on"Future of the US Defense Industry
- Market Attractiveness, Competitive Landscape and Forecasts to 2019".
The report focuses primarily on quantitative market metrics in order to
characterize the growth and evolution of the Remote Patient Monitoring
Market.
This report is the result of 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.
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.The US has a defense budget of US$607.5 billion (including allocation
for OCO) in 2014 and the government is expected to sustain a high level
of expenditure over the forecast period. Although the allocation for
overseas operations is estimated to remain stable at US$37.3 billion
over the forecast period, the country is expected to increase its base
military expenditure at a CAGR of 1.75%.
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The expenditure will be
triggered by the government's plan to acquire advanced defense equipment
coupled with replacement of old and obsolete arms and ammunitions. The
looming threat of budget cuts and sequestration is not expected to
terminate or affect the existing contracts, but will impact DoD's future
contracts and the number of military hardware to be procured under
these contracts. Significant opportunities are expected to exist in the
fields of C4ISR, aircraft, cyber security, missile defense systems and
submarines. Foreign defense companies and new entrants have the option
to cater to the US defense market via joint development programs,
strategic alliances, or acquisition of domestic players. The US
government's encouragement of foreign direct investment (FDI) in the
defense sector will also help foreign companies in entering the market.
Certain factors pertaining to the security of US are expected to drive
the defense expenditure of the nation in the coming years. These include
the country's efforts to retain its military supremacy over other
nations and conflicts in Middle East. Additionally, ammunition
modernization initiatives will also be an area of focus for military
spending over the forecast period.
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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.
The US is currently the leading military superpower in the world and has
undertaken well-defined measures towards investing in the defense
sector to reinforce its position as the most militarily powerful nation
in the world. With this objective, the US is embarking upon a nuclear
defense modernization plan and missile defense program that is expected
to drive defense expenditure.
Additionally, the government is working on
enhancing its command, control, computers, communications, and
intelligence systems to increase inter-operability between various
branches of the armed forces. The other major military powers in the
world - China and Russia - have consistently increased their defense
expenditures significantly over the last couple of years.
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