2013-09-24 06:25:55 - Recently published research from Strategic Defence Intelligence, "Future of the Ukrainian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018", is now available at Fast Market Research
This report is the result of SDI's extensive market and company research covering the Ukrainian 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 Ukrainian 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 Ukrainian defense industry.
What is the current market landscape and what is changing?
Ukraine, Europe's second-largest country, is anticipated to invest US$22.7 billion to strengthen its armed forces during the forecast period.
The country's total defense expenditure, which recorded a CAGR of 4.26% during the review period, is expected to record a CAGR of 20% over the forecast period. This expected increase is primarily the result of the country's security and defense forces transformation strategy adopted by Ukraine in 2013. The first phase of the defense transformation extends upto 2017 and the second phase upto 2023. Other factors contributing to the increase in defense expenditure are growing tension between Ukraine and Russia, the modernization of existing weapon systems, and participation in international peacekeeping missions. Also, as a percentage of GDP, Ukraine's defense expenditure is expected to increase from 1.05% in 2013 to 2.4% by 2018, in accordance with the country's security and defense transformation strategy. The country's homeland security expenditure is projected to record a CAGR of 8.11% over the forecast period, a consequence of an increase in organized crime and maritime security threats.
Full Report Details at
- www.fastmr.com/prod/687785_future_of_the_ukrainian_defense_indus ..
What are the key drivers behind recent market changes?
Conflict with Russia, military modernization, and the upgrade of existing systems to drive defense expenditure.
What makes this report unique and essential to read?
Reform and development program of the armed forces, tensions with Russia, acquisition of new military hardware systems, and participation in peacekeeping missions expected to drive Ukrainian defense expenditure.
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 Ukrainian 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 Ukraine. 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
Although Ukraine is expected to invest a total of US$22.7 billion in its armed forces over the forecast period, an average of 19.2% of this total is expected to be invested in the modernization of the country's defense equipment, limiting the opportunities available for both foreign OEMs and domestic defense companies. Additionally, despite Ukraine offering skilled labor at a lower cost than the majority of European countries, foreign OEMs are unable to make significant investments in the country's defense industry due to the prohibition of FDI in defense. With the exception of the government's military modernization plans, expansion of the country's domestic defense industry has been postponed in the wake of the global financial crisis. This lack of commitment to defense innovation increases the reluctance of foreign investors to enter the industry. However, the country has initiated a defense transformation program to be implemented in two phases (upto 2017 and upto 2023) and UAH131 million (US$16.3 billion) has been allocated for the first phase. The defense modernization plan is expected to increase Ukraine's market attractiveness in the coming years.
About Strategic Defence Intelligence
Strategic Defence Intelligence provides a stream of continuously updated customer and competitor intelligence, as well as detailed research reports providing an unrivalled source of global information on the latest developments in the defence industry. View more research from Strategic Defence Intelligence at www.fastmr.com/catalog/publishers.aspx?pubid=1040
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