Future of Defense Industry: Argentina, Finland & Denmark Market Analysis in New Research Reports
RnR Market Research adds new defense market research reports for Denmark, Finland and Argentina with an eye on future as well as market attractiveness, competitive landscape and forecasts to 2018.
DALLAS, June 17, 2013 /PRNewswire-iReach/ -- RnRMarketResearch.com now offers new defense market research reports for Finland, Argentina and Denmark with an eye on future as well as market attractiveness, competitive landscape and forecasts to 2018. These reports provide 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 for each country.
Future of the Argentine Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018
With a limited domestic defense industry, Argentina imports advanced defense equipment from countries such as the US, Russia, Spain, China, Brazil, and Austria. During 2008-2012, the country imported the highest share of arms from the US, constituting 78.8% of the total arms imports. During the forecast period, the US is expected to continue to dominate the market, with China expected to enter the market through the sale of helicopters. Argentina is expected to acquire fighter aircraft, including the possibility of acquiring second-hand aircraft which would allow other European countries to enter the market. This report (http://www.rnrmarketresearch.com/future-of-the-argentine-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2018-market-report.html) highlights that foreign defense companies can supply the Argentine defense market through FMS arrangements. The majority of defense purchases from the US, which is the largest supplier of arms to Argentina, are made through FMS. There are approximately US$ 25.79 million and $ 0.37 million of arms and equipment sold to Argentina through FMS in the year of 2010 and 2011 respectively. Also, foreign defense companies can enter the Argentine defense market through technology transfers, sub-contracting agreements and long-term supply contracts, favored by Argentina's offset policy.
Future of the Finnish Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018
The Finnish defense budget deficit in 2011 stood at US$10.6 billion, due to which the country is compelled to reduce its defense budget in the next ten years. The Ministry of Defense is currently contemplating reductions of US$90 million in its defense budget for 2013-2014, which may eventually lead to the cancellation of defense related projects and air defense modernization projects. A potential cut to Finland's defense budget is an area of concern for foreign investors. This prospect deters the entry of foreign investors into the nation's defense sector. This report (http://www.rnrmarketresearch.com/future-of-the-finnish-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2018-market-report.html) notes that in order to increase defense exports and cater to the international arms market, the Finnish government encourages domestic defense companies to collaborate with foreign defense firms. Conversely, foreign investors seek to capitalize on Finnish defense capabilities through the joint development of military hardware. During 2008-2012, Italy emerged as the largest supplier of defense systems to Finland with a share of 23% of total imports, followed by Switzerland with 20.3%, and Sweden with 16.2%. In 2008, Switzerland supplied 45.8% of the Finnish imports while France, with a 22.4% share, was the second largest supplier to the country. Due to the economic crisis during 2008-2009, defense imports slumped by 72.6%, declining from US$157 million during 2008 to US$43 million in 2009. During the forecast period it is expected that Sweden, France, and Italy will continue to be strong defense trade partners for the country.
Future of the Danish Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018
Danish Defense Intelligence identified cyber war as the most serious threat to national security in its risk assessment announced in October 2012. The Danish government placed high priority on cyber security and established a Computer Emergency Response Team (CERT), which joined the Europe Government CERTs group (EGC group), a joint effort by European countries to counter cyber-attacks. Furthermore, Denmark's Defense Intelligence Service is planning to establish a cyber warfare unit 'Center for Cyber Security' to safeguard its military network from cyber-attacks with an estimated budget of US$6 million. The center's budget is expected to increase annually to reach US$26 million by 2017 and will be handling both defensive and offensive cyber security measures. This report (http://www.rnrmarketresearch.com/future-of-the-danish-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2018-market-report.html) notes that arms imports in Denmark declined sharply in 2010 and 2011 due to the country's budget cuts, which recovered in 2012. The country's defense imports are expected to recover gradually over the forecast period, as the country plans to modernize its military and procurement of F-35 joint strike fighters, MH-60R marine helicopters, and ballistic missile defense systems. Denmark sourced 31.8% of its defense import requirements from the UK during 2008-2012, followed by Sweden, the Netherlands and Germany, accounting for 29.7%, 18.0%, and 10.0% of defense imports respectively. Switzerland and the US were other major arms suppliers for the country. Over the period 2013-2017, the country is expected to increase its defense imports, especially from the US and its European neighbors.
Explore more reports on the Defense Industry and related markets @ http://www.rnrmarketresearch.com/reports/public-sector/defense.
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Priyank Tiwari RnR Market Research, +1 888 391 5441, firstname.lastname@example.org
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