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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151030005882/en/
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