Smart Weapons Market Forecast Analysis (2013 - 2018)

Smart Weapons Market Forecast Analysis (2013 - 2018)

This report presents a complete analysis of the global smart weapons market across the projected period. It provides an analysis of the factors driving the market, the challenges faced by the industry, and the factors restraining the growth of the market. It also discusses the key industry trends, market trends, and technology trends that influence the global market .It provides a complete sizing of the global market over the next five years and talks about the market share by different sub-sectors. It provides insights into regional trends on spending, analyzes the market size by region, and also provides data on spending patterns by sub-sector. It tracks, analyzes, and lays out the market size of the major defense spenders in each region and provides the market share by sub-category, namely, anti-armor weapons, guided munitions, guided projectiles, stand-off missiles, and guided rockets. It talks about the leading competitors in the global market; and apart from a general overview of the companies, it also provides details on their financial position, key products, and markets dealt with

Key Take-Aways

The change in the nature of warfare has resulted in the demand for smart weapon. The global smart weapons market is valued at $3621 million in 2013 and is expected to register a CAGR of 8.06% to reach $5335.1 million by 2018. The market is highly competitive with a host of industry participants vying for contracts; and the fiscal deficit in most western countries is expected to increase competition. High-growth sectors in the global market include Saudi Arabia with a CAGR of 21.67%, followed by Japan with a CAGR of 14.48%. The Middle East has a CAGR of 15.21% followed by Latin America and Asia. The stand-off weapons segment is expected to have the highest demand in this market. Budget cuts in most western countries are anticipated to have minimal impact on the market. U.S. is expected to procure smart weapons worth $2 billion by 2018. The industry is fragmented and most of the tier-1 players are from U.S. and Europe.

Markets Covered

This global smart weapons market research report categorizes the global market on the basis of type of smart weapons, geography; forecasting revenues, market share, and analyzing trends in each type.
On the basis of smart weapon type:

This market is segmented on the basis of revenue generated across the various types:

Anti-armor weapons
Guided munitions
Guided projectiles
Stand-off missiles
Guided rockets

On the basis of geography

Geography is classified into,

North America
Europe
The Middle East
Africa
Asia
Latin America

On the basis of country

The following countries are covered in this report:

Australia
Brazil
France
Germany
India
Israel
Italy
Japan
Saudi Arabia
South Africa
South Korea
UAE
United Kingdom
United States

Stakeholders

Ministry of Defense
Smart weapons manufacturers
Sub-component manufacturers

The nature of warfare has changed drastically since 9/11. The threats we face are uncertain; the battlefield is often the urban environment and population centers; and the enemy is tactically innovative, highly networked, and intelligent, which defeats the conventional superiority that the armed forces possess. The present-day technological advances have, however, given us the capability to face the enemy in an efficient and effective manner. One such advancement is in the area of smart weapons technology.

Recent conflicts across the globe have emphasized the need for precision attacks and stand-off surgical strikes. There is an imperative need to avoid collateral damage and at the same time to provide combatant commanders with an efficient fire power capability that could create an immediate positive effect on the battlefield. These needs are met by smart weapons, which are increasingly being taken into the inventory of the armed forces. Given the need for such systems, the demand is expected to increase during and after the forecasted period.

Smart weapons range from precision-guided artillery rounds and precision-guided bombs to precision-guided stand-off missiles. Anti-armor weapons comprise of anti-tank and anti-structure missiles. Lately, multi-mission capable missiles, which could be used in a variety of operational capabilities, are widely developed and produced; thus reducing logistics and providing single, easy-to-use solutions for a variety of missions. Guided munitions are bombs that are fitted with any one of the following guidance systems, such as the inertial navigation system, global positioning system, laser beam guidance, terrain mapping, radar guidance, infrared imaging, and video guidance systems.

These guidance systems can be used solely or in combination with two different guidance mechanisms, thus creating a hybrid navigation system that helps in improving all weather targeting and attacking capabilities for war fighters. JDAM (Joint Direct Attack Munition) by The Boeing Company, Paveway by Raytheon, and AASM by Sagem of France are a couple of widely procured and proven guided munitions. The demand for precision/surgical strikes has led to an increased demand for these systems, and western companies who dominate this market are expected to strengthen their market position across the globe in the coming decade or at least until a credible domestic capability is built by the procuring nations.

The need to provide precision fire capabilities to soldiers operating in squad and platoon levels has led to the development of guided projectiles and is being inducted by all major armed forces. The precision effect offered by these projectiles—apart from offering a reliable first-shot, first-hit capability—also reduces the logistics burden. The furtherance of technology means that the unit cost of such systems will be further reduced; thus, making it even more attractive and affordable over the forecasted period.

Guided rockets fulfill the armed forces’ requirement for tactical and operational support. The larger rockets launched from MLRS (Multiple Launch Rocket System) platforms serve as accurate strike weapons across long distances of more than 50km. From an operational perspective, it falls between artillery and longer range stand-off weapons. Its extreme accuracy has helped in achieving minimum collateral damage and is considered extremely reliable. Guided rockets are being continuously upgraded to add new capabilities that further create new market opportunities. Another development widely seen in the field of guided rockets is the development of a precision-guided kit for 70mm rockets. 70mm rockets are widely used in fixed and rotary wing aircraft for close combat support roles and are usually fired in salvos. The development of precision guidance for these systems has created a very useful weapon that, instead of being fired in salvos at one target, could be launched and guided one at a time at various targets. This has greatly improved the accuracy and usability of the rockets, thus creating a niche market opportunity for such systems.

Governments are increasingly opting for joint development and procurement of smart weapons with the aim of reducing developmental costs and to offset the risks involved in development. Furthermore, it reduces procurement costs by making effective use of economies of scale. Joint procurement also helps the industry to plan production ahead and maintain effective cross-country supply chain operations.
1 INTRODUCTION 16

1.1 KEY TAKE-AWAYS 16
1.2 REPORT DESCRIPTION 17
1.3 MARKETS COVERED 18
1.4 RESEARCH METHODOLOGY 19
1.4.1 KEY SECONDARY SOURCES 19
1.5 STAKEHOLDERS 21

2 EXECUTIVE SUMMARY 22

3 MARKET OVERVIEW 24

3.1 MARKET DEFINITION 24
3.2 MARKET SEGMENTATION 25
3.3 MARKET OVERVIEW 26

4 MARKET DYNAMICS 27

4.1 DRIVERS 27
4.1.1 NEED FOR PRECISION MUNITIONS 27
4.1.2 CHANGES IN NATURE OF WARFARE 27
4.1.3 REDUCING LOGISTICS BURDEN 27
4.1.4 MODERNIZATION AND REPLENISHMENT PROGRAMS 28
4.1.5 IMPACT ANALYSIS OF DRIVERS 29
4.2 RESTRAINTS 29
4.2.1 ARMS TRANSFER REGULATION 29
4.3 CHALLENGES 31
4.3.1 INDUSTRIAL BASE SUSTAINMENT 31
4.3.2 WEAPON INTEGRATION 31
4.3.3 FINANCIAL CRISIS 31

5 TREND ANALYSIS 33

5.1 MARKET TREND 33
5.1.1 COMBINED PROCUREMENT 33
5.2 INDUSTRY TRENDS 33
5.2.1 JOINT DEVELOPMENT 33
5.2.2 DESIGNING FOR THE GLOBAL MARKETPLACE 34
5.3 TECHNOLOGY TREND 34
5.3.1 HYBRID GUIDANCE SYSTEM 34

6 GLOBAL SMART WEAPONS MARKET 35

6.1 GLOBAL SMART WEAPONS MARKET 35
6.1.1 GLOBAL REVENUE ANALYSIS 35
6.2 REVENUE ANALYSIS, BY TYPE OF SMART WEAPON 36
6.2.1 ANTI-ARMOR WEAPONS REVENUE FORECAST 36
6.2.2 GUIDED MUNITIONS REVENUE FORECAST 37
6.2.3 GUIDED PROJECTILES REVENUE FORECAST 39
6.2.4 STAND-OFF WEAPONS REVENUE FORECAST 40
6.2.5 GUIDED ROCKETS REVENUE FORECAST 42
6.3 REGIONAL ANALYSIS 43
6.3.1 AFRICA REVENUE FORECAST 43
6.3.1.1 Africa: Revenue Forecast, by type of Smart Weapon 45
6.3.2 ASIA REVENUE FORECAST 46
6.3.2.1 Asia: Revenue Forecast, by type of Smart Weapon 47
6.3.3 EUROPE REVENUE FORECAST 48
6.3.3.1 Europe: Revenue Forecast, by type of
Smart Weapon 50
6.3.4 LATIN AMERICA REVENUE FORECAST 51
6.3.4.1 Latin America: Revenue Forecast, by type of
Smart Weapon 53
6.3.5 MIDDLE EAST REVENUE FORECAST 54
6.3.5.1 Middle East: Revenue Forecast, by type of
Smart Weapon 56
6.3.6 NORTH AMERICA REVENUE FORECAST 57
6.3.6.1 North America: Revenue Forecast, by type of
Smart Weapon 59
6.4 COUNTRY ANALYSIS 60
6.4.1 THE U.S. REVENUE FORECAST 60
6.4.1.1 The U.S.: Revenue Forecast, by type of
Smart Weapon 61
6.4.2 UNITED KINGDOM REVENUE FORECAST 62
6.4.2.1 United Kingdom: Revenue Forecast, by type of Smart Weapon 64
6.4.3 ITALY REVENUE FORECAST 64
6.4.3.1 Italy: Revenue Forecast, by type of Smart Weapon 66
6.4.4 FRANCE REVENUE FORECAST 66
6.4.4.1 France: Revenue Forecast, by type of Smart Weapon 68
6.4.5 GERMANY REVENUE FORECAST 68
6.4.5.1 Germany: Revenue Forecast, by type of
Smart Weapon 70
6.4.6 INDIA REVENUE FORECAST 70
6.4.6.1 India: Revenue Forecast, by type of Smart Weapon 72
6.4.7 AUSTRALIA REVENUE FORECAST 72
6.4.7.1 Australia: Revenue Forecast, by type of
Smart Weapon 74
6.4.8 JAPAN REVENUE FORECAST 75
6.4.8.1 Japan: Revenue Forecast, by type of Smart Weapon 76
6.4.9 SOUTH KOREA REVENUE FORECAST 77
6.4.9.1 South Korea: Revenue Forecast, by type of
Smart Weapon 78
6.4.10 SOUTH AFRICA REVENUE FORECAST 79
6.4.10.1 South Africa: Revenue Forecast, by type of
Smart Weapon 80
6.4.11 SAUDI ARABIA REVENUE FORECAST 81
6.4.11.1 Saudi Arabia: Revenue Forecast, by type of
Smart Weapon 82
6.4.12 ISRAEL REVENUE FORECAST 83
6.4.12.1 Israel: Revenue Forecast, by type of Smart Weapon 84
6.4.13 UAE REVENUE FORECAST 85
6.4.13.1 UAE: Revenue Forecast, by type of Smart Weapon 86
6.4.14 BRAZIL REVENUE FORECAST 87
6.4.14.1 Brazil: Revenue Forecast, by type of Smart Weapon 88

7 COMPETITIVE LANDSCAPE 90

7.1 MARKET SHARE, BY SMART WEAPONS MANUFACTURERS 90
7.2 MARKET SHARE, BY COUNTRY 92

8 COMPANY PROFILES 95
(Overview, Products and Services, Financials, Strategy & Development)*


8.1 ALLIANT TECHSYSTEMS, INC. (ATK) 95
8.2 BAE SYSTEMS 98
8.3 BOEING 101
8.4 DENEL DYNAMICS 105
8.5 GENERAL DYNAMICS 106
8.6 ISRAEL AEROSPACE INDUSTRIES 110
8.7 KONGSBERG DEFENCE SYSTEMS 111
8.8 L-3 FUZING AND ORDNANCE SYSTEMS, INC. 114
8.9 LOCKHEED MARTIN CORPORATION 118
8.10 MBDA 122
8.11 NEXTER GROUP 126
8.12 OTO MELARA S.P.A 127
8.13 QINETIQ GROUP PLC 130
8.14 RAFAEL ADVANCED DEFENSE SYSTEMS LTD. 134
8.15 RAYTHEON COMPANY 137
8.16 RHEINMETALL AG 141
8.17 TEXTRON DEFENSE SYSTEMS 145
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies.

LIST OF TABLES

TABLE 1 IMPACT ANALYSIS OF DRIVERS 29
TABLE 2 IMPACT ANALYSIS OF RESTRAINTS 30
TABLE 3 SMART WEAPONS MARKET: ANTI-ARMOR WEAPONS,
GROWTH RATE, 2013 - 2018 (%) 37
TABLE 4 SMART WEAPONS MARKET: GUIDED MUNITIONS,
GROWTH RATE, 2013 - 2018 (%) 38
TABLE 5 SMART WEAPONS MARKET: GUIDED PROJECTILES,
GROWTH RATE, 2013 - 2018 (%) 40
TABLE 6 SMART WEAPONS MARKET: STAND-OFF WEAPONS,
GROWTH RATE, 2013 - 2018 (%) 41
TABLE 7 SMART WEAPONS MARKET: GUIDED ROCKETS,
GROWTH RATE, 2013 - 2018 (%) 43
TABLE 8 THE U.S.: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 60
TABLE 9 THE U.S.: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 61
TABLE 10 UNITED KINGDOM: SMART WEAPONS MARKET,
COUNTRY SNAPSHOT, 2012 62
TABLE 11 UNITED KINGDOM: SMART WEAPONS MARKET, TOTAL MARKET SIZE, 2013 - 2018 ($MILLION) 63
TABLE 12 ITALY: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 65
TABLE 13 ITALY: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 66
TABLE 14 FRANCE: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 67
TABLE 15 FRANCE: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 68
TABLE 16 GERMANY: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 69
TABLE 17 GERMANY: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 70
TABLE 18 INDIA: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 71
TABLE 19 INDIA: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 72
TABLE 20 AUSTRALIA: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 73
TABLE 21 AUSTRALIA: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 74
TABLE 22 JAPAN: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 75
TABLE 23 JAPAN: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 76
TABLE 24 SOUTH KOREA: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 77
TABLE 25 SOUTH KOREA: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 78
TABLE 26 SOUTH AFRICA: SMART WEAPONS MARKET,
COUNTRY SNAPSHOT, 2012 79
TABLE 27 SOUTH AFRICA: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 80
TABLE 28 SAUDI ARABIA: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 81
TABLE 29 SAUDI ARABIA: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 82
TABLE 30 ISRAEL: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 83
TABLE 31 ISRAEL: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 84
TABLE 32 UAE: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 85
TABLE 33 UAE: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 86
TABLE 34 BRAZIL: SMART WEAPONS MARKET, COUNTRY SNAPSHOT, 2012 87
TABLE 35 BRAZIL: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 88
TABLE 36 ATK: FINANCIAL OVERVIEW, 2008 - 2012 ($BILLION) 96
TABLE 37 BAE SYSTEMS: FINANCIAL OVERVIEW, 2008 - 2012 ($BILLION) 99
TABLE 38 BOEING DEFENSE SPACE AND SECURITY: FINANCIAL OVERVIEW,
2008 - 2012 ($BILLION) 102
TABLE 39 GENERAL DYNAMICS: FINANCIAL OVERVIEW, 2007 - 2011 ($BILLION) 107
TABLE 40 KONGSBERG DEFENCE SYSTEMS: FINANCIAL OVERVIEW,
2009 - 2012 ($BILLION) 112
TABLE 41 L-3 FUZING AND ORDNANCE: FINANCIAL OVERVIEW,
2008 - 2012 ($BILLION) 115
TABLE 42 LOCKHEED MARTIN CORPORATION: FINANCIAL OVERVIEW,
2008 - 2012 ($BILLION) 119
TABLE 43 MBDA: FIANANCIAL OVERVIEW, 2010 - 2012 ($BILLION) 123
TABLE 44 OTO MELARA S.P.A: FINANCIAL OVERVIEW, 2008 - 2012 ($BILLION) 128
TABLE 45 QINETIQ GROUP PLC: FINANCIAL OVERVIEW, 2010 - 2013 ($BILLION) 131
TABLE 46 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: FINANCIAL OVERVIEW, 2008 - 2012 ($BILLION) 135
TABLE 47 RAYTHEON COMPANY: FINANCIAL OVERVIEW, 2008 - 2012 ($BILLION) 138
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TABLE 48 RHEINMETALL AG: FINANCIAL OVERVIEW, 2008 - 2012 ($BILLION) 142
TABLE 49 TEXTRON DEFENSE SYSTEMS: FINANCIAL OVERVIEW,
2008 - 2012 ($BILLION) 146

LIST OF FIGURES

FIGURE 1 GLOBAL SMART WEAPONS MARKET: MARKETS COVERED 18
FIGURE 2 CHALLENGES 30
FIGURE 3 SMART WEAPONS MARKET: GLOBAL REVENUE ANALYSIS,
2013 - 2018 ($MILLION) 35
FIGURE 4 SMART WEAPONS MARKET: ANTI-ARMOR WEAPONS,
PROCUREMENT ANALYSIS, 2013 - 2018 ($MILLION) 36
FIGURE 5 SMART WEAPONS MARKET: GUIDED MUNITIONS,
PROCUREMENT ANALYSIS, 2013 - 2018 ($MILLION) 38
FIGURE 6 SMART WEAPONS MARKET: GUIDED PROJECTILES,
PROCUREMENT ANALYSIS, 2013 - 2018 ($MILLION) 39
FIGURE 7 SMART WEAPONS MARKET: STAND-OFF WEAPONS,
PROCUREMENT ANALYSIS, 2013 - 2018 ($MILLION) 41
FIGURE 8 SMART WEAPONS MARKET: GUIDED ROCKETS,
PROCUREMENT ANALYSIS, 2013 - 2018 ($MILLION) 42
FIGURE 9 AFRICA: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 43
FIGURE 10 AFRICA: SMART WEAPONS MARKET, REGIONAL SPLIT,
2013 - 2018 (%) 44
FIGURE 11 AFRICA: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 45
FIGURE 12 ASIA: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 46
FIGURE 13 ASIA: SMART WEAPONS MARKET, REGION SPLIT, 2013 - 2018 (%) 47
FIGURE 14 ASIA: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 47
FIGURE 15 EUROPE: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 48
FIGURE 16 EUROPE: SMART WEAPONS MARKET,
REGIONAL SPLIT, 2013 - 2018 (%) 49
FIGURE 17 EUROPE: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 50
FIGURE 18 LATIN AMERICA: SMART WEAPONS MARKET, TOTAL MARKET SIZE, 2013 - 2018 ($MILLION) 51
FIGURE 19 LATIN AMERICA: SMART WEAPONS MARKET,
REGIONAL SPLIT, 2013 - 2018 (%) 52
FIGURE 20 LATIN AMERICA: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 53
FIGURE 21 MIDDLE EAST: SMART WEAPONS MARKET, TOTAL MARKET SIZE,
2013 - 2018 ($MILLION) 54
FIGURE 22 MIDDLE EAST: SMART WEAPONS MARKET,
REGIONAL SPLIT, 2013 - 2018 (%) 55
FIGURE 23 MIDDLE EAST: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 56
FIGURE 24 NORTH AMERICA: SMART WEAPONS MARKET, TOTAL MARKET SIZE, 2013 - 2018 ($MILLION) 57
FIGURE 25 NORTH AMERICA: SMART WEAPONS MARKET,
REGIONAL SPLIT, 2013 - 2018 (%) 58
FIGURE 26 NORTH AMERICA: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT, 2013 - 2018 ($MILLION) 59
FIGURE 27 THE U.S.: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 61
FIGURE 28 UNITED KINGDOM: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT, 2013 - 2018 ($MILLION) 63
FIGURE 29 ITALY: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 65
FIGURE 30 France: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 67
FIGURE 31 GERMANY: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 69
FIGURE 32 INDIA: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 71
FIGURE 33 AUSTRALIA: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 73
FIGURE 34 JAPAN: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 76
FIGURE 35 SOUTH KOREA: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 78
FIGURE 36 SOUTH AFRICA: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 80
FIGURE 37 SAUDI ARABIA: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 82
FIGURE 38 ISRAEL: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 84
FIGURE 39 UAE: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 86
FIGURE 40 BRAZIL: SMART WEAPONS MARKET, SUB-SYSTEM SPLIT,
2013 - 2018 ($MILLION) 88
FIGURE 41 MARKET SHARE, BY MANUFACTURERS 90
FIGURE 42 MARKET SHARE, BY COUNTRY 92
FIGURE 43 HIGH GROWTH COUNTRIES 93
FIGURE 44 ATK: REVENUE ANALYSIS, 2008 - 2012 ($BILLION) 96
FIGURE 45 ATK: OPERATING EARNINGS ANALYSIS, 2008 - 2012 ($BILLION) 97
FIGURE 46 ATK: PROFIT ANALYSIS, 2008 - 2012 ($BILLION) 97
FIGURE 47 BAE SYSTEMS: REVENUE ANALYSIS, 2008 - 2012 ($BILLION) 99
FIGURE 48 BAE SYSTEMS: PROFIT ANALYSIS, 2008 - 2012 ($BILLION) 100
FIGURE 49 BOEING DEFENSE SPACE AND SECURITY: REVENUE ANALYSIS,
2008 - 2012 ($BILLION) 103
FIGURE 50 BOEING DEFENSE SPACE AND SECURITY: OPERATING EARNINGS ANALYSIS, 2008 - 2012 ($BILLION) 103
FIGURE 51 BOEING COMPANY: PROFIT ANALYSIS, 2008 - 2012 ($BILLION) 104
FIGURE 52 GENERAL DYNAMICS: REVENUE ANALYSIS, 2007 - 2011 ($BILLION) 108
FIGURE 53 GENERAL DYNAMICS: OPERATING EARNINGS ANALYSIS,
2007 - 2011 ($BILLION) 108
FIGURE 54 GENERAL DYNAMICS: PROFIT ANALYSIS, 2007 - 2011 ($BILLION) 109
FIGURE 55 KONGSBERG DEFENCE SYSTEMS: REVENUE ANALYSIS,
2009 - 2012 ($BILLION) 112
FIGURE 56 KONGSBERG DEFENCE SYSTEMS: OPERATING COST ANALYSIS,
2009 - 2012 ($BILLION) 113
FIGURE 57 L-3 FUZING AND ORDNANCE: REVENUE ANALYSIS,
2008 - 2012 ($BILLION) 116
FIGURE 58 L-3 FUZING AND ORDNANCE: OPERATING INCOME ANALYSIS,
2008 - 2012 ($BILLION) 116
FIGURE 59 L-3 FUZING AND ORDNANCE: PROFIT ANALYSIS,
2008 - 2012 ($BILLION) 117
FIGURE 60 LOCKHEED MARTIN CORPORATION: REVENUE ANALYSIS,
2008 - 2012 ($BILLION) 120
FIGURE 61 LOCKHEED MARTIN CORPORATION: OPERATING EARNINGS ANALYSIS, 2008 - 2012 ($BILLION) 120
FIGURE 62 LOCKHEED MARTIN CORPORATION: PROFIT ANALYSIS,
2008 - 2012 ($BILLION) 121
FIGURE 63 MBDA: SALES VS RATE OF CHANGE, 2010 - 2012 ($BILLION) 124
FIGURE 64 MBDA: ORDERS VS RATE OF CHANGE, 2010 - 2012 ($BILLION) 124
FIGURE 65 MBDA : ORDER BOOK VS RATE OF CHANGE, 2010 - 2012 ($BILLION) 125
FIGURE 66 OTO MELARA S.P.A: REVENUE ANALYSIS, 2008 - 2012 ($BILLION) 128
FIGURE 67 OTO MELARA S.P.A: OPERATING EARNINGS ANALYSIS,
2008 - 2012 ($BILLION) 129
FIGURE 68 OTO MELARA S.P.A: PROFIT ANALYSIS, 2008 - 2012 ($BILLION) 129
FIGURE 69 QINETIQ GROUP PLC: REVENUE VS RATE OF CHANGE,
2010 - 2013 ($BILLION) 132
FIGURE 70 QINETIQ GROUP PLC: OPERATING EARNING ANALYSIS,
2010 - 2013 ($BILLION) 132
FIGURE 71 QINETIQ GROUP PLC: PROFIT ANALYSIS, 2010 - 2013 ($BILLION) 133
FIGURE 72 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: REVENUE ANALYSIS, 2008 - 2012 ($BILLION) 135
FIGURE 73 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: PROFIT ANALYSIS,
2008 - 2012 ($BILLION) 136
FIGURE 74 RAYTHEON COMPANY: REVENUE ANALYSIS, 2008 - 2012 ($BILLION) 139
FIGURE 75 RAYTHEON COMPANY: OPERATING INCOME, 2008 - 2012 ($BILLION) 139
FIGURE 76 RAYTHEON COMPANY: PROFIT ANALYSIS, 2008 - 2012 ($BILLION) 140
FIGURE 77 RHEINMETALL AG: REVENUE ANALYSIS, 2008 - 2012 ($BILLION) 143
FIGURE 78 RHEINMETALL AG: OPERATING EARNINGS ANALYSIS,
2008 - 2012 ($BILLION) 143
FIGURE 79 RHEINMETALL AG: PROFIT ANALYSIS, 2008 - 2012 ($BILLION) 144
FIGURE 80 TEXTRON DEFENSE SYSTEMS: REVENUE ANALYSIS,
2008 - 2012 ($BILLION) 147
FIGURE 81 TEXTRON DEFENSE SYSTEMS: OPERATING EXPENSE ANALYSIS,
2008 - 2012 ($BILLION) 147
FIGURE 82 TEXTRON: PROFIT ANALYSIS, 2008 - 2012 ($BILLION) 148