MRO Magazine

Research and Markets: Future of the Austrian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020 for the $2.2 Billion Industry


October 30, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/78h5ff/future_of_the) has announced the addition of the “Future of the Austrian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020” report to their offering.

The Austrian defense market will be driven by active participation in peacekeeping missions along with a focus to modernize its military by procuring advanced defense systems. In addition, the capital expenditure allocation is anticipated to average 23.6% of the total defense budget during 2016-2020 and defense equipment procurements are expected to be in the areas of military rotorcraft, unmanned aerial vehicles (UAVs), and spending towards cyber security and soldier modernization

Key Findings

– During 2011-2015, Austrian defense expenditure registered a growth rate of -6.18%, declining from US$2.9 billion in 2011 to US$2.2 billion in 2015

– Military expenditure is anticipated to register a CAGR of 3.24% during 2016-2020, to value US$2.5 billion in 2020

– Corruption, retaining conscription, changes in security environment and economic recession possess challenges for the Austrian defense market

– Demand for equipment is mainly expected to revolve around military rotorcraft, unmanned aerial vehicles (UAVs), and spending towards cyber security and soldier modernization during 2016-2020

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

– AMES

– AMST

– Air Ambulance Technology

– Diamond Aircraft Industries: overview

– Frequentis: overview

– General Dynamics European Land Systems

– Hirtenberger

– Rheinmetall Waffe Munition Arges GmbH

– Steyr Mannlicher

For more information visit http://www.researchandmarkets.com/research/78h5ff/future_of_the.

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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