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Home>Future of the Australia Defense Industry to 2022 - Market Attractiveness, Competitive Landscape and Forecasts - Research and Markets

Future of the Australia Defense Industry to 2022 - Market Attractiveness, Competitive Landscape and Forecasts - Research and Markets

Future of the Australia Defense Industry to 2022 - Market Attractiveness, Competitive Landscape and Forecasts - Research and Markets

10/03/2017

Future of the Australia Defense Industry to 2022 - Market Attractiveness, Competitive Landscape and Forecasts - Research and Markets

The "Future of the Australia Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" report has been added to Research and Markets' offering.

Australian defense budget recorded a CAGR of 0.28% during the historic period (2013-2017), from US$26.2 Billion in 2013 to US$26.5 Billion in 2017. Modernization initiatives and advanced equipment procurement programs - as outlined in white papers published by the Australian Department of Defence (DoD) - will drive expenditure.

The country is expected to undertake a number of modernization and procurement programs over the coming decade. Participation in a number of UN peacekeeping operations will also fuel the country's defense expenditure, propelling the budget from US$27.5 Billion in 2016 to US$35.4 Billion in 2022, at a CAGR of 6.54%.

During the historic period, other expenditure - which comprises intelligence capabilities, chief operating officers, defense support and reforms, chief information officers, science and technology - accounted for 41.6% of the total defense budget and valued at US$10.90 Billion in 2017. It will average 44.0% over the forecast period. Due to security threats from terrorist organizations and the deployment of troops in overseas peacekeeping missions, Australia will focus on the acquisition of multirole aircraft, helicopters, nuclear attack submarines, patrol ships, frigates, and armored vehicles.

Key Topics Covered:

1. Introduction

2. Executive Summary

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