Lewes, DE -- (SBWIRE) -- 02/19/2014 -- This report is the extensive market and company research covering the Russian defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.
Introduction and Landscape
Why was the report written?
The Future of the Russian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Russian defense industry.
What is the current market landscape and what is changing?
Covering a large geographical area that is rich in natural resources, Russia places utmost importance on the protection of its borders and critical infrastructure. The country has the world's longest land border that it shares with 14 other countries, and shares maritime borders with Japan, via the Sea of Okhotsk, and the US state of Alaska, across the Bering Strait. Over the forecast period, Russia's total defense expenditure is estimated to record a CAGR of 12.84%, in accordance with the country's commitment towards the protection of its civilians and critical infrastructure. By 2019, defense expenditure is forecast to account for 4.5% of Russia's GDP, with an average per-capita defense expenditure of US$1,055.8 over the forecast period. Russia is the world's second largest arms exporter, with over 1,300 defense firms that also cater to the entire needs of the Russian armed forces. Funded by booming oil and gas profits, the country is in the midst of a huge equipment upgrade program that will witness an expenditure of US$650 billion over the period 2011-2020. Attractive market opportunities projected to emerge in the forecast period include areas such as ballistic missiles, surface ships, submarines, UAVs (unmanned aerial vehicles), T-90 tanks, helicopters, warplanes and satellites.
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What are the key drivers behind recent market changes?
Certain factors pertaining to the security of Russia are expected to drive the defense expenditure of the nation in the coming years. These include ammunition modernization initiatives and high demand for Russian equipments in the export market.
What makes this report unique and essential to read?
The Future of the Russian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
Key Features and Benefits
- The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
- The report includes trend analysis of imports and exports, together with their implications and impact on the Russian defense industry.
- The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
- The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
-The report helps the reader to understand the competitive landscape of the defense industry in Russia. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
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Key Market Issues
From the Soviet era onwards, Russia has traditionally developed its own defense technology in competition with Western nations. Following the disbandment of the Soviet Union, Russia's investment in the modernization of its defense systems reduced drastically, as funds were diverted towards the reconstruction of the country; since this disbanding, Russia has been reluctant to allow foreign companies into its defense industry, an attitude that has proved to be a strong entry barrier for foreign OEMs. Although the country is modernizing its armed forces under The Russian State Arms Program to 2020, only domestic companies are involved in the modernization process.
Following the South Ossetia armed conflict with Georgia over a territorial dispute in 2008, Russia initiated a military equipment upgrade program in order to resolve the exposed shortcomings in its defense systems. Soviet era command, control, communications, and intelligence systems, coupled with aged vehicles and machinery, severely limited the country's armed forces' capabilities. In February 2013, Russian President Vladimir Putin declared plans to replace 30% of all its weapons with the latest models before 2015, and 70%-100% of all weapons in the forces to be renewed by 2020.
Russia has the world's longest border, with two thirds bound by water and the country sharing borders with 14 other countries. The country's Border Guard Service officials execute the responsibility of protecting the national border, including preventing the illegal cross-border movement of people and goods through land and sea routes. The unit is also engaged in protecting the economic interests of Russia and its natural resources. The country holds the world's largest natural gas reserves, second largest coal reserves, and eighth largest oil reserves. In order to enhance its homeland security, the Russian government intends to replace outdated protective installations such as barbed wire fences with advanced surveillance and monitoring equipment. Measures are being taken to bring in radars, laser control systems, UAVs, CCTV cameras, night vision equipment, and other automatic information collection devices to strengthen the border security. The Federal Security Service Board (FSB), the agency responsible for internal and border security, counter-terrorism, and surveillance, is planning to utilize ground effect vehicles (GEVs) for border control purposes as well as replace the old ageing vehicles used by the border guards by advanced four-wheelers and snowmobiles.
During 2008-2012, Russia was the world's second largest arms exporter behind the US. The low cost arms produced by the country and large amount of credit offered to countries such as Venezuela, increased arms sales over the review period, with India and China accounting for the highest share of defense exports. Of the respondents from Europe who participated in the SDI Business Outlook Survey 2012, 61% cite 'Asia' as the region having the maximum defense opportunities in the next five years.
Spanning over 136 pages, 43 tables and 78 figures “Future of the Russian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019” report covering The Market Attractiveness and Emerging Opportunities, Defense Procurement Market Dynamics, Industry Dynamics, Market Entry Strategy, Competitive Landscape and Strategic Insights, Business Environment and Country Risk, Appendix. The report covered 9 companies - Sukhoi, Splav, Tactical Missiles Corporation, Almaz-Antey, United Aircraft Corporation, KBP Instrument Design Bureau, V.A. Degtyarev Plant ,Kurganmashzavod, Uralvagonzavod.
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