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Defense Spending in Australia

Australia: Defense Spending Industry Report

  • December 2017
  • 38 pages
  • ID: 688923
In this report:
In 2022, the Australian defense spending market is forecast to have a value of $##,##.## million, an increase of ##.##% since 2017.
The Australian defense spending market is expected to generate total budget allocation of $##.##bn in 2017, representing a compound annual growth rate (CAGR) of ##.##% between 2013 and 2017.

Summary

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Defense Spending in Australia

Brief

Defense Spending in Australia industry profile offers broad overview information containing: market size (value and volume 2013-17, and estimate to 2022). The report also offers details of the top players, including main business metrics and analysis of the competitive environment within the market.

Abstract

Fundamental source for important data and analysis covering the Australia defense spending market. Contains industry size and segmentation information, textual and graphical study of business growth trends, dominant companies and macroeconomic data.

Key Findings

Defense spending includes capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the industry is taken to include both current and capital expenditure on the armed forces, defense ministries and other government agencies involved in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, analysis and development, infrastructure spending, military aid and general operations and maintenance are also included. Note that current expenditure on previous military activity including veterans' profits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.

The Australian defense spending market is expected to produce global budget allocation of $25.6bn in 2017, totalling a CAGR of 7.50 percent between 2013 and 2017.

Market volume is expected to increase with a compound annual growth rate (CAGR) of 0.30 percent between 2013 and 2017, to attain a total of 57.5 thousand armed forces personnel in 2017.

The Australian government is aiming to meet its defense spending target of 2.0 percent of GDP target by 2021, but is also looking for savings. The savings will come from "reductions in the numbers of consultants and contractors used in defence and also limiting the use of non-operational overseas and business travel".

Overview

- Obtain entry-level research easily and quickly by finding key elements, such as size, growth, main segments and key actors in the defense spending market in Australia (AU)

- Porter's five forces analysis will help you define the competitive concentration and thus the appeal of the defense spending market in Australia (AU)

- Dominant company profiles show details of key defense spending market actors' overall activities and financial performance

- Improve your presentations and pitches by apprehending the growth projections of the Australia defense spending segment with 5 years predictions by both value and volume

Purposes to acquire this study

- What was the size of the Australia defense spending market worth in 2017?

- What will be the size of the Australia defense spending market in 2022?

- What factors are influencing the force of competition in the Australia defense spending market?

- How has the sector performed over the final five years?

- What are the top segments that make up Australia's defense spending market?

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