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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