Research and Markets: FSwiss Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2020
December 15, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/bnng6k/future_of_the) has announced the addition of the “Future of the Swiss Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020” report to their offering.
Military expenditure is forecast to increase steadily, to US$5.2 billion in 2020, at a CAGR of 1.38%.
With a neutral stance during times of war and a reputation for being a peace loving nation, Switzerland has traditionally assigned only modest amounts of its budget to defense.
With no major threat from any nation and people voting against the procurement of military equipment and increasing the military budget, the country is expected to register lower military budget growth rates, on par with historical numbers. In 2013, the government increased its defense budget expenditure by 9.4% compared to the previous year, based on a planned equipment procurement program. The growth was triggered by the country’s need to invest in military equipment and devices based on new age cutting-edge technologies, replacing outdated equipment.
However, in 2014 the people voted against the procurement of fighter jets from Sweden, which resulted in a decline in military expenditure. Moreover, the Ministry of Defence announced in 2014 that, following the vote, the army budget for 2015 will be slashed and this resulted in a decline by 7.1% in 2015.
Key Findings
– Over the historic period, defense expenditure registered a decline of 0.96%, decreasing from US$5.1 billion in 2011 to US$4.9 billion in 2015
– Military expenditure, valued at US$5billion in 2016, is expected to increase to US$5.2billion by 2020, registering a CAGR of 1.38% over the forecast period
– Military expenditure will be driven by the procurement of better defense systems and participation in peace keeping and conflict resolution operations
– The Defense Ministry is expected to procure UAV’s, multi-role aircraft MRO, and cyber security
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
4 Defense Procurement Market Dynamics
5 Industry Dynamics
6 Market Entry Strategy
7 Competitive Landscape and Strategic Insights
8 Business Environment and Country Risk
9 Appendix
Companies Mentioned
– Atos AG
– General Dynamics European Land Systems
– Meteolabor AG
– Pilatus Group
– RUAG Defense
– Rheinmetall Air Defense AG
– Thales
For more information visit http://www.researchandmarkets.com/research/bnng6k/future_of_the
View source version on businesswire.com: http://www.businesswire.com/news/home/20151215006406/en/
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