Frost & Sullivan: Defence Procurement in Emerging Markets: Challenges & Opportunities

LONDON, Jan. 26 /PRNewswire/ -- The burgeoning economic growth experienced by emerging economies over the last decade has triggered a substantial increase in their defence budget allocations, potentially providing defence companies worldwide with lucrative business opportunities. The key for defence companies interested in emerging markets is to identify those countries that are experiencing robust economic growth while having substantial defence budget allocations. From foreign policy influences to freedom of doing business in a particular country, a number of factors will determine a company's readiness to venture full steam into an emerging market.

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The Aerospace & Defence Group at Frost & Sullivan (http://www.aerospace.frost.com) is pleased to announce that it will be hosting an online analyst briefing presentation on Tuesday, 2 February, 2010 at 3:00 pm GMT to analyse defence procurement patterns in major emerging economies including China, Russia, India, Saudi Arabia and South Korea.

Highlights of the briefing include analyses of: defence spending in major emerging economies, how the future defence budget allocation will affect the rate of growth of defence markets worldwide and what kind of new opportunities and challenges defence companies can expect in emerging markets and the anticipated competitive landscape.

By discussing emerging trends and providing forward projections for the defence industry in emerging markets, this briefing will benefit major defence contractors, component manufacturers and distributors.

"While it is apparent that the traditional high spenders' rate of spending including the US, UK, and France, have evened out, defence spending in emerging markets like China, India, Saudi Arabia and South Korea has been accelerating rapidly," observes Defence Research Associate Gautam Ganapathy.  "This growth will impact the global defence market as a whole as the rate of fresh contracts from developed economies start abating, the major defence consortiums around the world are looking to cash in on these emerging markets over the next decade for contracts worth billions of dollars," Ganapathy adds.

To participate in this briefing, please email Monika Kwiecinska at [email protected] with: your full name, company name, title, telephone number, e-mail, address, city, state and country and a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.

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