2013-03-04 15:59:48 - New Defense market report from Strategic Defence Intelligence: "Future of the Italian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2017"

This report is the result of SDI's extensive market and company research covering the Italian 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 Italian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2017 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 Italian defense industry.

What is the current market landscape and what is changing?
Italian defense expenditure increased at a CAGR of 0.35% during the review period and valued US$25.6 billion in 2012.

Austerity measures taken by the Italian government will help in maintaining the budget deficit, wherein the focus of the Italian government will be on the modernization of equipment, training, and the development of personnel.


Full Report Details at
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What are the key drivers behind recent market changes?
The Italian defense expenditure is primarily driven by its focus on joint development programs, the modernization of armed forces, and participation in international peacekeeping missions. In homeland security, counter terrorism, homeland infrastructure, and maritime security are the main areas of focus.

What makes this report unique and essential to read?
The Future of the Italian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2017 provides detailed analysis of the current industry size and growth expectations from 2013 to 2017, 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 2013 to 2017, 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 Italian 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 Italy. 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
The purpose of the Italian government offset policy is to maintain and strengthen the expertise, capacity, and export potential of Italy's defense industrial base. The offset program applies when the amount of the main contract with the contractor for the overseas purchase, including government-to-government contracts such as foreign military sales (FMS) or research and development (RandD) projects, and technical cooperation and production, is equal to or exceeds US$6.5 million. The total value of the agreed offset program is 70-100% of the estimated main contract amount.

The Italian government, which owns a 30% stake in the defense conglomerate Finmeccanica, generally does not allow foreign companies to invest in the company due to concerns over national security. While the government is generally open for foreign investment, offering tax incentives and enforcing no restrictions on profit repatriation, these incentives are not offered on investments in the defense sector

Key Highlights
Italy is expected to see a large amount of fighter and multi-role aircraft procurement. Under a modernization program undertaken by the Italian MOD, a large number of aircraft will need to be replaced during the period of 2012-2022. This is due to the lack of modernization in the Air Force owing to extensive budget cuts that were enforced over the review period. Furthermore, as a number of troop reduction initiatives are expected to be implemented over the forecast period, focus on equipping the Air Force with state of the art technology has emerged as a major requirement for the Italian MOD. The F-35 JSF is the next-generation strike fighter for the Navy, Marine Corps, Air Force, and US Allies. The JSF consists of three variants: Conventional Take-Off and Landing (CTOL), Short Take-Off and Vertical Landing (STOVL), and carrier variant (CV)

Italian defense imports fell in 2008, and again in 2009, following two years of strong growth. This was due to the focus on domestically manufactured goods and cuts to the defense budget. Italy has a competitive domestic defense industry. The state-owned defense company, Finmeccanica, is an internationally renowned group capable of delivering advanced technology equipment such as fighter aircraft, defense technology, and helicopters.

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