The Future of the UK Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022

The Future of the UK Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022

  • December 2017 •
  • 161 pages •
  • Report ID: 5258070 •
  • Format: PDF
The Future of the UK Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022

Summary
United Kingdom, which consists of England, Northern Ireland, Scotland, and Wales, is currently in the process of restructuring its armed forces and armed forces personnel with the aim of reorienting its military into a small but agile force that continues to fulfill its standing commitments. It is an active member of NATO which serves as the bedrock of the country’s defense policy. The country is ranked seventh globally in terms of military expenditure but has been facing constant budget cuts over the historic period in accordance with the nation’s aim of reducing overall expenditure. UK defense expenditure registered a CAGR of nearly -4.5%, declining from over US$57 Billion in 2013 to just over US$48 Billion in 2017.

Revenue expenditure forms the largest share of the UK defense budget, with an average allocation of around 77%, and the remainder of about 22% assigned for capital expenditure during the historic period. Expenditure for revenue purposes is expected to dominate the budget over the forecast period, although its allocation is expected to decrease to an average of around 75.5% and correspondingly, the share for capital expenditure is projected to increase to an average of about 24.5%.

UK’s homeland security expenditure, spending on internal security, maintaining law and order, judiciary and prisons, and other related activities was valued at over US$23 Billion in 2013 and has declined to just over US$14 Billion in 2017, registering a CAGR of about -11%. Due to modernization plans, the allocation in terms of value is expected to rise over the forecast period.

Furthermore, threats from internal and external terrorist groups, the procurement of modern weapons for police personnel, and the strengthening of border security will increase the country’s homeland security expenditure over the forecast period. The homeland security budget stands at about US$14 Billion in 2018 and is predicted to grow to around US$14.8 Billion in 2022, reflecting a CAGR of about 0.3%.

The report "The Future of the UK Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" offers detailed analysis of the UK defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

This report provides insights into -
- The UK defense industry market size and drivers: detailed analysis of the UK defense industry during 2018–2022, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns.
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.
- Porter’s Five Force analysis of the UK defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
- Market opportunities: details of the top five defense investment opportunities over the next 10 years.
- Competitive landscape and strategic insights: analysis of the competitive landscape of the UK defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Companies mentioned in this report: BAE Systems, GKN Aerospace Services, Rolls-Royce, Babcock International, Leonardo, Thales UK, General Dynamics UK, Boeing UK, L-3 Communications Group, Northrop Grumman UK, Lockheed Martin UK, Aibus S.A.S.

Scope
- The UK, which consists of England, Northern Ireland, Scotland, and Wales, is currently in the process of restructuring its armed forces and armed forces personnel with the aim of reorienting its military into a small but agile force that continues to fulfill its standing commitments. It is an active member of NATO which serves as the bedrock of the country’s defense policy. The country is ranked seventh globally in terms of military expenditure but has been facing constant budget cuts over the historic period in accordance with the nation’s aim of reducing overall expenditure. UK defense expenditure registered a CAGR of -4.49%, declining from US$57.9 billion in 2013 to US$48.2 billion in 2017.
- Revenue expenditure forms the largest share of the UK defense budget, with an average allocation of 77.1%, and the remaining 22.9% assigned for capital expenditure during the historic period.
- The UK’s homeland security expenditure, spending on internal security, maintaining law and order, judiciary and prisons, and other related activities was valued at US$23.3 billion in 2013 and declined to US$14.3 billion in 2017, registering a CAGR of -11.45%.

Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the UK defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the UK defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts
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