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United Kingdom Defence and Security Report Q1 2015

  • ID: 3071225
  • January 2015
  • Region: United Kingdom, Great Britain
  • 91 pages
  • Business Monitor International
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FEATURED COMPANIES

  • BAE Systems
  • GKN
  • QinetiQ
  • Rolls Royce
  • MORE

BMI expects the UK to spend up to USD75.3bn in 2015, up slightly from the estimated USD73.9bn expenditure of 2014. On average, between 2011 and 2014, the UK spent USD66.9bn annually on defence.

For the duration of the forecast period, up to and including 2019, we expect the UK to spend an average of USD83.7bn on defence annually, with the budget increasing to USD92.1bn in 2019.

Our anticipated UK defence spending trends are significant as they show that the UK defence sector is once again growing after a period of contraction, in line with government initiatives to curb public spending. The London-based Royal United Services Institute (RUSI) warned in a report published in early September 2014 that the UK would miss key defence spending targets in 2015/16. In particular, the report warned that the UK could see the proportion of its GDP which it allocates to defence reducing to around 1.88% in 2015/16. Currently, only four of NATO's members routinely maintain defence spending above two percent of their GDP.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BAE Systems
  • GKN
  • QinetiQ
  • Rolls Royce
  • MORE

BMI Industry View 7

SWOT 9

United Kingdom Security SWOT 9

United Kingdom Defence SWOT 11

Political 13

Economic 14

Industry Forecast 15

Defence Expenditure 15
Table: Defence Expenditure (United Kingdom 2011-2018) 15
Table: Defence Expenditure Scenario - Changing % Of GDP (United Kingdom 2011-2018) 17

Armed Forces And Government Spending 17
Table: Armed Forces Personnel (United Kingdom 2004-2011) 18

Defence Trade 18
Table: Defence Trade Balance (United Kingdom 2011-2018) 19

Exports 19
Table: Defence Exports (United Kingdom 2011-2018) 20

Imports 20
Table: Defence Imports (United Kingdom 2011-2018) 21

Macroeconomic Forecasts 22
Table: United Kingdom - Economic Activity 28

Industry Risk Reward Ratings 29

Developed States Security Risk Index 29
Table: Developed States Security Risk Index 29
Table: Developed States State Vulnerability To Terrorism Index 30

United Kingdom Security Risk Index 31

Market Overview 32

United Kingdom Defence Market Overview 32

Armed Forces And Government Spending 32

Weapons Of Mass Destruction 47

Industry Trends And Developments 48

Imports 52

Exports 53

United Kingdom Security Overview 54

Domestic Threats 54

Regional Threats 57

International Threats 58

Company Profile 61

BAE Systems 61
Table: Key Financial Data 62

GKN 64
Table: Key Financial Data 65

QinetiQ 67
Table: Key Financial Data 68

Rolls Royce 69
Table: Key Financial Data 70

Regional Overview 72

Europe Security Overview 72

Global Industry Overview 82

Global Political Outlook 82

Methodology 88

Industry Forecast Methodology 88

Sector-Specific Methodology 89

Sources 90

Security Risk Index Methodology 90
Table: Indicators And Weighting 91

Note: Product cover images may vary from those shown
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BAE Systems
GKN
QinetiQ
Rolls Royce

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown

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