NEW YORK, Jan. 8, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
The UK Defense Industry to 2017
http://www.reportlinker.com/p0788305/The-UK-Defense-Industry--to-2017.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Aerospace_and_Defense
Product Synopsis
This report is the result of ICD Research / Strategic Defence Intelligence's extensive market and company research covering the UK defense industry. It 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 UK defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the UK defense industry.
What is the current market landscape and what is changing?
What are the key drivers behind recent market changes? Afghanistan Iraq Sudan Cyprus Iraq Royal Marine September 2001 Afghanistan What makes this report unique and essential to read? Key Features and BenefitsThe report includes trend analysis of imports and exports, together with their implications and impact on the UK 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 the UK. 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.
Key Market Issues
October 2010 December 2010The MoD protects domestic defense companies by allowing only direct offsets to foreign exporters and by encouraging foreign bidders to use UK sub-contractors on a competitive basis. In addition, the UK government gives priority to domestic companies in meeting its Urgent Operational Requirements. Since the UK is a member of the EU, defense procurements for goods and services are conducted in accordance with the EU Procurement Regulations.
Key Highlights
The UK's defense expenditure, which values US$61.91 billion in 2012, recorded a CAGR of -2.41% during the review period, and is expected to register a CAGR of -2.04% over the forecast period, to reach US$52.21 billion by 2017. Over the forecast period the UK's cumulative defense expenditure is expected to value US$276 billion, of which the nation is expected to spend US$264.7 billion on defense capability and the remaining US$11.3 billion on peace keeping and war pension benefits.
The UK's homeland security is comprised of police services, fire protection services, law courts, prisons and others. The UK's homeland security budget stood atUS$49 billion in 2012, and is projected to decline to US$46.8 billion by 2017. Over the next five years, the government is expected to cut spending on central government police funding, UK Border Agency funding, the Home Office central administration budget and capital budget. A reduction in police service spending will be achieved through efficiency measures in police services administration, the introduction of directly elected police and crime commissioners, the merger of the National Policing Improvement Agency into the National Crime Agency and reducing support and purchasing costs in the UK Border Agency.
During 2007-2011, UK defense imports demonstrated significant growth, despite recording a sharp decline in 2009 due to the global financial crisis and the subsequent reduction in total government expenditure. Over the last five years, defense imports grew significantly mainly due to the higher costs of capital additions and equipment support for military operations in Afghanistan and Iraq. However, due to the budget cuts announced by the government over the forecast period, imports of defense equipment are expected to register a decline.
Table of Contents
1 Introduction1.1. What is this Report About?1.2. Definitions1.3. Summary Methodology1.4. SDI Terrorism Index1.5. About Strategic Defence Intelligence (www.strategicdefenceintelligence.com)2 Executive Summary3 Market Attractiveness and Emerging Opportunities3.1. Defense Market Size Historical and Forecast3.1.1. The UK's defense expenditure will register a CAGR of XX% despite budget cuts3.1.2. Peace keeping operations and terrorism are the primary drivers of defense spending3.2. Analysis of Defense Budget Allocation3.2.1. Majority of defense budget allocated for revenue expenditure3.2.2. Defense capability allocation to continue to dominate UK defense budget3.2.3. Budget allocation for peacekeeping operations to register a CAGR of XX% over the forecast period3.2.4. Defense capability budget to be reduced over the forecast period3.2.5. Major share of defense capability budget to be spent on defense equipment and support3.2.6. Allocation for war pension benefits to register a CAGR of XX% over the forecast period3.3. Homeland Security Market Size and Forecast3.3.1. Homeland security budget to decline over the forecast period3.3.2. Domestic terrorism and cyber security to be the key drivers in the homeland security market3.3.3. UK experienced moderate terror activity during the review period3.4. Benchmarking with Key Global Markets3.4.1. The UK has one of the largest defense budgets in Europe3.4.2. During 2012 the UK emerged as the fourth-largest defense spending country in the world3.4.3. The UK allocates a significant percentage of GDP towards defense3.4.4. The UK ranked sixth among the top arms exporting countries in 20113.5. Market Opportunities: Key Trends and Growth Stimulators3.5.1. Enhancing aerial refueling capabilities will provide attractive market opportunities3.5.2. Increased demand for armored fighting vehicles expected3.5.3. New satellite-based communication systems will open up new business opportunities3.5.4. Construction of new warships will be an attractive opportunity for auxiliary suppliers3.5.5. Demand for nuclear deterrent submarines set to increase3.5.6. Maintenance and repair sector set to drive the UK defense markets over the forecast period4 Defense Procurement Market Dynamics4.1. Import Market Dynamics4.1.1. Defense imports expected to decline over the next five years4.1.2. The US continues to have a significant share in the UK's arms imports4.1.3. Missiles and aircraft constitute the majority of UK arms imports4.2. Export Market Dynamics4.2.1. Defense exports grew moderately during the review period4.2.2. Saudi Arabia, the US and India are the largest importers of UK arms4.2.3. Aircraft, artillery and ships account for the majority of exports5 Industry Dynamics5.1. Five Forces Analysis5.1.1. Bargaining power of supplier: low to medium5.1.2. Bargaining power of buyer: high5.1.3. Barrier to entry: medium5.1.4. Intensity of rivalry: low to high5.1.5. Threat of substitution: low to medium6 Market Entry Strategy6.1. Market Regulation6.1.1. Offset policy aids development of the domestic defense industry6.1.2. The UK permits 100% FDI in its defense industry6.2. Market Entry Route6.2.1. Joint weapons development programs are a viable market entry opportunity6.2.2. Joint ventures open up new market entry strategy choices6.2.3. Forming subsidiaries in the UK and the acquisition of domestic companies provide good market entry opportunities6.3. Key Challenges6.3.1. Defense budget cuts will have negative implications for defense companies6.3.2. Preference for domestic and EU companies pose a challenge for non-European companies7 Competitive Landscape and Strategic Insights7.1. Competitive Landscape Overview7.2. Key Domestic Companies7.2.1. BAE Systems Plc: overview7.2.2. BAE Systems Plc: products and services7.2.3. BAE Systems Plc: recent announcements and strategic initiatives7.2.4. BAE Systems Plc: alliances7.2.5. BAE Systems Plc: recent contract wins7.2.6. BAE Systems Plc: financial analysis7.2.7. GKN Aerospace Services: overview7.2.8. GKN Aerospace Services: products and services7.2.9. GKN Aerospace Services: recent announcements and strategic initiatives7.2.10. GKN Aerospace Services: alliances7.2.11. GKN Aerospace Services: recent contract wins7.2.12. GKN Aerospace Services: financial analysis7.2.13. Rolls-Royce Plc: overview7.2.14. Rolls-Royce Plc: products and services7.2.15. Rolls-Royce Plc: recent announcements and strategic initiatives7.2.16. Rolls-Royce Plc: alliances7.2.17. Rolls-Royce Plc: recent contract wins7.2.18. Rolls-Royce Plc: financial analysis7.2.19. Babcock International Group Plc: overview7.2.20. Babcock International Group Plc: products and services7.2.21. Babcock International Group Plc: recent announcements and strategic initiatives7.2.22. Babcock International Group Plc: alliances7.2.23. Babcock International Group Plc: recent contract wins7.2.24. Babcock International Group Plc: financial analysis7.3. Key Foreign Companies7.3.1. AgustaWestland: overview7.3.2. AgustaWestland: products and services7.3.3. AugustaWestland: recent announcements and strategic initiatives7.3.4. AugustaWestland: alliances7.3.5. AugustaWestland: recent contract wins7.3.6. Thales UK: overview7.3.7. Thales UK: products and services7.3.8. Thales UK: recent announcements and strategic initiatives7.3.9. Thales UK: alliances7.3.10. Thales UK: recent contract wins7.3.11. General Dynamics UK Ltd: overview7.3.12. General Dynamics UK Ltd: products and services7.3.13. General Dynamics UK Ltd: recent announcements and strategic initiatives7.3.14. General Dynamics UK Ltd: alliances7.3.15. General Dynamics UK Ltd: recent contract wins7.3.16. Boeing UK: overview7.3.17. Boeing UK: products and services7.3.18. Boeing UK: recent announcements and strategic initiatives7.3.19. Boeing UK: alliances7.3.20. Boeing UK: recent contract wins7.3.21. Boeing UK: financial analysis7.3.22. L-3 TRL: overview7.3.23. L-3 TRL: products and services7.3.24. L-3 TRL: recent announcements and strategic initiatives7.3.25. L-3 TRL: alliances7.3.26. Northrop Grumman UK: overview7.3.27. Northrop Grumman UK: products and services7.3.28. Northrop Grumman UK: recent announcements and strategic initiatives7.3.29. Northrop Grumman UK: alliances7.3.30. Northrop Grumman UK: recent contract wins7.3.31. Lockheed Martin UK Ltd: overview7.3.32. Lockheed Martin UK Ltd: products and services7.3.33. Lockheed Martin UK Ltd: recent announcements and strategic initiatives7.3.34. Lockheed Martin UK Ltd: alliances7.3.35. Lockheed Martin UK Ltd: recent contract wins7.3.36. EADS UK: overview7.3.37. EADS UK: products and services7.3.38. EADS UK: recent announcements and strategic initiatives7.3.39. EADS UK: alliances7.3.40. EADS UK: recent contract wins8 Business Environment and Country Risk8.1. Demographics and Social Statistics8.1.1. Population - Female8.1.2. Population - Male8.2. Economic Performance8.2.1. Business Confidence index8.2.2. Construction Output, Current Prices, Local Currency8.2.3. Construction Output, Current Prices, US Dollars8.2.4. Current Account Balance as Percentage of GDP8.2.5. Exports of goods and services, current prices8.2.6. Exports of services, local currency8.2.7. Fiscal Balance as a percentage of GDP8.2.8. Foreign Direct Investment8.2.9. GDP at Purchasing Power Parity8.2.10. GDP, Constant Prices(Local Currency)8.2.11. GDP, Constant Prices (US$ Billion)8.2.12. GDP, Current Prices(Local Currency)8.2.13. GDP, Current Prices (US$ Billion)8.2.14. General Government Final Consumption Expenditure8.2.15. Gross Fixed Capital Formation, Current Prices8.2.16. Imports of goods and services8.2.17. Import of services8.2.18. Inflation, average consumer prices8.2.19. Interest rate (Lending)8.2.20. Manufacturing Output, Current Prices (Local Currency Bn)8.2.21. Manufacturing Output, Current Prices (US$ Billions)8.2.22. US$- Exchange Rate (EoP)8.2.23. US$- Exchange Rate (EoP)8.2.24. Wholesale Price Index8.3. Energy and Utilities8.3.1. Hydroelectricity Installed Capacity8.3.2. Natural Gas Consumption8.3.3. Natural Gas Imports8.3.4. Natural Gas Production8.3.5. Net Conventional Thermal Electricity Generation8.3.6. Net Geothermal, Solar, Wind, and Wood Electric Power Generation8.3.7. Net Hydroelectric Power Generation8.3.8. Nuclear Electricity Net Generation8.3.9. Petroleum, Consumption8.3.10. Petroleum, Production8.4. Labour8.4.1. People Employed in R and D8.5. Minerals8.5.1. Coal Consumption8.5.2. Coal Production8.6. Social and Political Risk8.6.1. Political Stability Index8.6.2. Transparency Index8.7. Technology8.7.1. Fixed Broadband Internet Subscribers8.7.2. Gross Domestic Expenditure on Research and Development as % of GDP8.7.3. Patents Granted8.7.4. Software Patents8.7.5. Fixed line calling cost local8.7.6. Fixed Line Calling Cost National9 Appendix9.1. Contact Us9.2. About SDI9.3. Disclaimer
List of Tables
Table 1: UK Defense Expenditure (US$ Billion), 2008-2012 Table 2: UK Defense Expenditure (US$ Billion), 2013-2017 Table 3: UK Defense Budget Split between Capital and Revenue Expenditure (%), 2008-2012 Table 4: UK Defense Budget Split between Capital and Revenue Expenditure (%), 2013-2017 Table 5: UK Defense Budget Break up(%), 2008-2012 Table 6: UK Defense Budget Break up (%), 2013-2017 Table 7: UK Peace Keeping Services Budget (US$ Billion), 2008-2012 Table 8: UK Peace Keeping Services Budget (US$ Billion), 2013-2017 Table 9: UK Defense Capability Budget (US$ Billion), 2008-2012 Table 10: UK Defense Capability Budget (US$ Billion), 2013-2017 Table 11: UK Defense Capability Break up (%), 2008-2012 Table 12: UK Defense Capability Break up (%), 2013-2017 Table 13: UK War Pension Benefits Budget (US$ Billion), 2008-2012 Table 14: UK War Pension Benefits Budget (US$ Billion), 2013-2017 Table 15: UK Homeland Security Expenditure (US$ Billion), 2008-2012 Table 16: UK Homeland Security Expenditure (US$ Billion), 2013-2017 Table 17: SDI Terrorism Index, 2011 Table 18: Benchmarking with Key Markets - 2008-2012 vs. 2013-2017 Table 19: Top Country Ranking by Value of Arms Imports, 2011* Table 20: UK Defense Projects Undertaken by the MoD Table 21: UK Defense Offset Regulations Table 22: UK's Participation in International Defense Development Programs Table 23: BAE Systems Plc - Product Focus Table 24: BAE Systems Plc- Alliances Table 25: BAE Systems Plc. - Recent Contract Wins Table 26: GKN Aerospace Services - Product Focus Table 27: GKN Aerospace Services - Alliances Table 28: GKN Aerospace Services - Recent Contract Wins Table 29: Rolls-Royce Plc - Product Focus Table 30: Rolls-Royce Plc - Alliances Table 31: Rolls-Royce Plc - Recent Contract Wins Table 32: Babcock International Group Plc - Product Focus Table 33: Babcock International Group Plc - Alliances Table 34: Babcock International Group Plc - Recent Contract Wins Table 35: AgustaWestland - Product Focus Table 36: AugustaWestland - Alliances Table 37: AugustaWestland - Recent Contract Wins Table 38: Thales UK - Product Focus Table 39: Thales UK - Alliances Table 40: Thales UK - Recent Contract Wins Table 41: General Dynamics UK Ltd - Product Focus Table 42: General Dynamics UK Ltd - Alliances Table 43: General Dynamics UK Ltd - Recent Contract Wins Table 44: Boeing UK - Product Focus Table 45: Boeing UK - Alliances Table 46: Boeing UK - Recent Contract Wins Table 47: L-3 TRL - Product Focus Table 48: L-3 TRL - Alliances Table 49: Northrop Grumman UK - Product Focus Table 50: Northrop Grumman UK - Alliances Table 51: Northrop Grumman UK - Recent Contract Wins Table 52: Lockheed Martin UK Ltd - Product Focus Table 53: Lockheed Martin UK Ltd - Alliances Table 54: Lockheed Martin UK Ltd - Recent Contract Wins Table 55: EADS UK - Product Focus Table 56: EADS UK - Alliances Table 57: EADS UK - Recent Contract Wins
List of Figures
Figure 1: UK Defense Expenditure (US$ Billion), 2008-2012Figure 2: UK Defense Expenditure (US$ Billion), 2013-2017 Figure 3: UK Defense Budget Split between Capital and Revenue Expenditure (%), 2008-2012 Figure 4: UK Defense Budget Split between Capital and Revenue Expenditure (%), 2013-2017 Figure 5: UK Defense Budget Break up(%), 2008-2012 Figure 6: UK Defense Budget Break up (%), 2013-2017 Figure 7: UK Peace Keeping Services Budget (US$ Billion), 2008-2012 Figure 8: UK Peace Keeping Services Budget (US$ Billion), 2013-2017 Figure 9: UK Defense Capability Budget (US$ Billion), 2008-2012 Figure 10: UK Defense Capability Budget (US$ Billion), 2013-2017 Figure 11: UK Defense Capability Break up (%), 2008-2012 Figure 12: UK Defense Capability Break up (%), 2013-2017 Figure 13: UK War Pension Benefits Budget (US$ Billion), 2008-2012 Figure 14: UK War Pension Benefits Budget (US$ Billion), 2013-2017 Figure 15: UK Homeland Security Expenditure (US$ Billion), 2008-2012 Figure 16: UK Homeland Security Expenditure (US$ Billion), 2013-2017 Figure 17: SDI Terrorism Heat Map, 2011 Figure 18: SDI Terrorism Index, 2011 Figure 19: Benchmarking with Key Markets - 2008-2012vs. 2013-2017 Figure 20: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2012 and 2017 Figure 21: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2012 Figure 22: UK Defense Import Trend, 2007-2011 (TIV values) Figure 23: UK Defense Imports by Country (%), 2007-2011 Figure 24: UK Defense Imports by Category (%), 2007-2011 Figure 25: UK Defense Export Trend, 2007-2011 (TIV values) Figure 26: UK Defense Exports by Country (%), 2007-2011 Figure 27: UK Defense Exports by Category (%), 2007-2011 Figure 28: Industry Dynamics - Porter's Five Forces Analysis Figure 29: BAE Systems - Revenue Trend Analysis (GBP billion), 2007-2011 Figure 30: BAE Systems - Operating Profit (GBP billion), 2007-2011 Figure 31: BAE Systems - Net Profit Trend Analysis (GBP billion), 2007-2011 Figure 32: GKN Aerospace Services - Revenue Trend Analysis (GBP billion), 2007-2011 Figure 33: GKN Aerospace Services - Operating Profit Trend Analysis (GBP million), 2007-2011 Figure 34: GKN Aerospace Services - Net Profit Trend Analysis, (GBP million), 2007-2011 Figure 35: Rolls-Royce Plc - Revenue Trend Analysis (GBP Billion), 2007-2011 Figure 36: Rolls-Royce Plc - Operating Profit Trend Analysis (GBP Billion), 2007-2011 Figure 37: Rolls-Royce Plc - Net Profit Trend Analysis (GBP Billion), 2007-2011 Figure 38: Babcock International Group Plc - Revenue Trend Analysis (GBP Billion), 2008-2012 Figure 39: Babcock International Group Plc - Operating Profit Trend Analysis (GBP Million), 2008-2012 Figure 40: Babcock International Group Plc - Net Profit Trend Analysis (GBP Million), 2008-2012 Figure 41: Boeing - Revenue Trend Analysis (US$ Billion), 2007-2011 Figure 42: Boeing - Operating Profit Trend Analysis (US$ Billion), 2007-2011 Figure 43: Boeing - Net Profit Trend Analysis (US$ Billion), 2007-2011 Figure 44: UK Population - Female (Millions), 2008-2017 Figure 45: UK Population - Male (Millions), 2008-2017 Figure 46: UK Business Confidence Index, 2003-2012 Figure 47: UK Construction Output, Current Prices, (Local Currency Billions), 2001-2010 Figure 48: UK Construction Output, Current Prices,( US$ Billions), 2001-2010 Figure 49: UK Current Account Balance as Percentage of GDP, 2008-2017 Figure 50: UK Exports of goods and services, current prices (US$ Billion), 2001- 2010 Figure 51: UK Exports of Services, (Local Currency Billion), 2003- 2012 Figure 52: UK Fiscal Balance as a percentage of GDP, 2001-2009 Figure 53: UK Foreign Direct Investment(US$ Billion), 2001-2010 Figure 54: UK GDP at Purchasing Power Parity (US$ Billion), 2006-2015 Figure 55: UK GDP at Constant Prices(Local Currency Billion), 2006-2015 Figure 56: UK GDP at Constant Prices (US$ Billion), 2006-2015 Figure 57: UK GDP at Current Prices(Local Currency Billion), 2006-2015 Figure 58: UK GDP at Current Prices(US$ Billion), 2006-2015 Figure 59: UK General Government Final Consumption Expenditure (US$ Billion), 2001-2010 Figure 60: UK Gross Fixed Capital Formation, Current Prices(US$ Billion), 2001-2010 Figure 61: UK Imports of Goods and Services (Current US$ Billion), 2001-2010 Figure 62: UK Import of services, (Local Currency Billion), 2003-2012 Figure 63: UK Inflation, average consumer prices, 2008-2017 Figure 64: UK Interest Rate (Lending), 2001-2010 Figure 65: UK Manufacturing Output, Current Prices (Local Currency Billion), 2001-2010 Figure 66: UK Manufacturing Output, Current Prices (US$ Billion), 2001-2010 Figure 67: UK US$- Exchange Rate (Annual Average), 2002-2011 Figure 68: UK US$- Exchange Rate (EoP), 2002-2011 Figure 69: UK Wholesale Price Index, 2000-2009 Figure 70: UK Hydroelectricity Installed Capacity (Million Kilowatts), 2000-2009 Figure 71: UK Natural Gas Consumption (Billion Cubic Feet), 2001-2010 Figure 72: UK Natural Gas Imports (Billion Cubic Feet), 2001-2010 Figure 73: UK Natural Gas Production(Billion Cubic Feet), 2001-2010 Figure 74: UK Net Conventional Thermal Electricity Generation (Billion Kilowatt hours), 2001-2010 Figure 75: UK Net Geothermal, Solar, Wind, and Wood Electric Power Generation (Billion Kilowatt hours), 2001-2010 Figure 76: UK Net Hydroelectric Power Generation(Billion Kilowatt hours), 2001-2010 Figure 77: UK Net Hydroelectric Power Generation(Billion Kilowatt hours), 2001-2010 Figure 78: UK Petroleum Consumption (Thousand Barrels Per Day), 2002-2011 Figure 79: UK Petroleum Production (Thousand Barrels Per Day), 2002-2011 Figure 80: UK People Employed in R and D (Number of researchers per million people), 2000-2009 Figure 81: UK Coal Consumption (Thousand Short Tons), 2001-2010 Figure 82: UK Coal Production (Thousand Short Tons), 2001-2010 Figure 83: UK Political Stability Index, 2002-2010 Figure 84: UK Transparency Index, 2002-2011 Figure 85: UK Fixed Broadband Internet Subscribers (Thousands), 2001-2010 Figure 86: Gross Domestic Expenditure on Research and Development as % of GDP, 2000-2009 Figure 87: Patents Granted, 2002-2011 Figure 88: Software Patents, 2002-2011 Figure 89: Fixed line calling cost local, 2001-2010 Figure 90: Fixed Line Calling Cost National, 2001-2010
Companies Mentioned
BAE Systems Plc, GKN Aerospace Services, Rolls-Royce Plc, Babcock International Group Plc, AugustaWestland, Thales UK, General Dynamics UK Ltd, Boeing UK, L-3 TRL, Northrop Grumman UK, Lockheed Martin UK Ltd, EADS UK
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