United Kingdom Defense Market Outlook to 2024 - Industry Values, Demand Influencers, Key Trends & Challenges, Leading Companies

DUBLIN, Jan. 30, 2020 /PRNewswire/ -- The "The UK Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024" report has been added to ResearchAndMarkets.com's offering.


Driven by the need to counter a resurgent Russia, the UK's defense expenditures are anticipated to increase from US$50.3 billion in 2019 to US$52.6 billion in 2020. Over the forecast period the country's defense budget is anticipated to post a CAGR of 4.13%.

Aside Russia and traditional geopolitical threats, the Centre for the Protection of National Infrastructure (CPNI) defines the primary threats to UK's national security to be terrorism, espionage, proliferation of Weapons of Mass Destruction (WMD) and cyber threats, all of which have the potential to be detrimental to the safety of the UK's national infrastructure of critical importance.

UK Defense Market 2020-2024 provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

The report offers detailed analysis of the UK defense industry with market size forecasts covering the next five years. The report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

    --  The UK defense industry market size and drivers: detailed analysis of
        the UK defense industry during 2020-2024, including highlights of the
        demand drivers and growth stimulators for the industry. It also provides
        a snapshot of the country's expenditure and modernization patterns
    --  Budget allocation and key challenges: insights into procurement
        schedules formulated within the country and a breakdown of the defense
        budget with respect to capital expenditure and revenue expenditure. It
        also details the key challenges faced by defense market participants
        within the country
    --  Import and Export Dynamics: analysis of prevalent trends in the
        country's imports and exports over the last five years
    --  Market opportunities:list of the top ten defense investment
        opportunities over the next 5 years
    --  Competitive landscape and strategic insights: analysis of the
        competitive landscape of the UK defense industry.

Reasons to Buy

    --  This report will give the user confidence to make the correct business
        decisions based on a detailed analysis of the UK defense industry market
        trends for the coming five years
    --  The market opportunity section will inform the user about the various
        military requirements that are expected to generate revenues during the
        forecast period. The description includes technical specifications,
        recent orders, and the expected investment pattern by the country during
        the forecast period
    --  Profiles of the top domestic and foreign defense manufacturers . This
        will provide the user with a total competitive landscape of the sector
    --  A deep qualitative analysis of the UK defense industry covering sections
        including demand drivers, Key Trends , and latest industry contracts

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary Threat Perception
3.1.2. Military Doctrine and Strategy
3.1.3. Procurement Programs
3.1.4. Geopolitical, Social and Economic Scenario
3.1.5. Political and Strategic Alliances
3.1.6. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. The UK's defense expenditure is anticipated to increase at a CAGR of 4.13% over the forecast period
3.2.2. Counter-terrorism activities, procurements, and peacekeeping operations are the primary factors driving defense expenditure
3.2.3. Defense budget as a percentage of GDP is anticipated to decrease over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. The allocation towards capital expenditure will remain constant
3.3.2. Capital expenditure is anticipated to record CAGR of 3.41% over the forecast period
3.3.3. Per capita defense expenditure to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. The Homeland Security market in UK is expected to grow at a CAGR of 4.20% over the forecast period
3.4.2. Border security and cyber-security will be the key drivers for homeland security
3.5. Benchmarking with Key Global Markets
3.5.1. The UK ranks among major Global Defense Markets
3.5.2. The UK is expected to be among the top 10 defense spending countries in the world
3.5.3. The UK allocates a significant percentage of GDP towards defense
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2019-2024
3.6.2. Critical Infrastructure Protection (CIP) - Physical Security
3.6.3. Land Based - C4ISR
3.6.4. Multirole Aircraft

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports are expected to remain consistent with the historic trends
4.1.2. The US is the leading arms exporter to UK, a trend expected to continue in the coming years
4.1.3. Aircraft, Missiles, and Engines account for more than three-quarters of UK arms imports
4.2. Export Market Dynamics
4.2.1. UK Defense Exports are anticipated to increase over the historic period
4.2.2. Saudi Arabia, Oman, and Indonesia are the main buyers of UK defense exports
4.2.3. Aircraft make up the majority of the UK's defense exports

5. Industry Dynamics
5.1.1. Five Forces Analysis
5.1.2. Bargaining power of supplier: low
5.1.3. Bargaining power of buyer: medium to high
5.1.4. Barrier to entry: medium
5.1.5. Intensity of rivalry: medium
5.1.6. Threat of substitution: medium

6. Market Entry Strategy
6.1. Market Regulation
6.1.1. Offset policy discarded in order to maintain competitiveness of domestic suppliers
6.1.2. The UK permits 100% FDI in its defense industry
6.1.3. Government initiatives to boost the defense industry
6.2. Market Entry Route
6.2.1. Budgeting Process
6.2.2. Procurement Policy and Process
6.2.3. Joint weapons development programs are a viable market entry opportunity
6.2.4. Joint ventures open up new market entry strategy choices
6.2.5. Forming subsidiaries in the UK and the acquisition of domestic companies provide good market entry opportunities
6.3. Key Challenges
6.3.1. Inconsistency defense budget policy have negative implications for defense companies
6.3.2. Dominance of domestic and EU defense companies impede the progress of non-European firms

7. Competitive landscape and Strategic Insights
7.1. Competitive landscape Overview
7.2. Key Domestic Companies
7.3. Key Foreign Companies

8. Business Environment and Country Risk
8.1. Economic Performance

Companies Mentioned

    --  BAE Systems PLC
    --  Rolls-Royce PLC
    --  GKN Aerospace Services
    --  Babcock International Group PLC
    --  Leonardo
    --  Thales UK
    --  General Dynamics UK Ltd.
    --  Boeing UK
    --  Lockheed Martin UK Ltd.
    --  L-3 Communications Group PLC
    --  Northrop Grumman Corporation
    --  Airbus S.A.S.

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