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Economic 360 Perspective for Russia: Growth Prospects and Emerging Opportunities in the Defense Industry
Frost & Sullivan, April 2011, Pages: 110
Russian defense is one of the largest sectors in the country along with the energy and heavy industries. Russia is the second largest exporter of weapons in the world, but its infrastructure needs in-depth modernisation. The various reforms launched by the Government aim at improving business climate, regulations and strengthening cooperation with developed countries to diversify and modernize petroleum based production. The Russian economy is currently facing modest revival after the latest global crisis.
The Russian Government controls the majority of the defence factories producing weapons, aircrafts, ships, combat vehicles and tanks. As most of these manufacturing units need to be upgraded through investment inflows, the Government is working on drafting more favourable laws and regulations. Although the Government is the largest procurer of weapons, the civilian weapons market has been gaining momentum and is likely to grow annually by 11.6 per cent from 2004 to 2014. The Russian Army's need to modernise its arms and equipment also creates many opportunities for market development. Rising domestic and foreign demand will fire up the market for manufactured parts and components such as engines, turbines and generators.
The country's aviation industry has been growing steadily since 2005 and is strongly consolidated by the two main state-owned corporations - United Aircraft Corporation and Oboronprom Helicopter Corporation. They have integrated the major manufacturers of military and civilian aircrafts, design bureaus and components suppliers. On an average, the civilian aviation industry has been building 10 aircraft and about 40 military aviation every year. Propped up by the growth in private aviation, air traffic in Russia is expected to increase by 6.5 per cent per year from 2004 to 2014.
On the other hand, the Russian shipyard industry is surging ahead, powered by the demand for various types of ships, oil and gas tankers as well as industrial, military and private boats. In 2009, it had orders exceeding its capacity by 125 per cent, compelling the shipyards to undergo reconstruction to expand their capacity to make the most of the vast demand. By 2030, the Russian sea freight transport is expected to increase by 7 times and inland transport, 1.6 times. The demand for this mode of transport is likely to outstrip the demand for inland transport, enhancing the market for larger, well-equipped passenger and transport ships.
Economic 360 Perspective for Russia: Growth Prospects and Emerging Opportunities in the Defense Industry is Frost & Sullivan's Country Industry Forecast service, which provides vital inputs for evaluating the attractiveness of a country and its defence industry. Apart from enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth micro research.
Benefits:
The following benefits are offered by this research:
Identifying New Market Opportunities
The future trends and developments in the Russian defence industry have been identified by taking into consideration the economic environment of the country. The analysis will prove significantly useful to industry participants and other stakeholders in the defence industry in Russia.
Understand Future Industry Trends
This research service gives considerable insights into economic developments and the trends in the defence industry of Russia. The economic climate, industry and infrastructure developments will affect the dynamics of the market in the forecast period.
Comprehend Policy and Economic Environment
An analysis of the economic growth in Russia lists the economic parameters that will influence the defence industry. Industry performance is closely related to the level of economic growth and the structural dynamics of the economy are revealed to provide invaluable information to industry participants.
Evaluate Industry Segment Potential
This research service focuses on providing an analysis of country and industry trends and is an ideal tool for companies seeking to enter new geographic markets. The market and economic insights will also prove invaluable to corporate planners in the development of accurate business plans or to allocate resources.
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