Future of the UK Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

  • ID: 4726761
  • Report
  • Region: United Kingdom, Great Britain
  • 83 pages
  • GlobalData
1 of 4

FEATURED COMPANIES

  • Airbus S.A.S
  • BAE Systems Plc.
  • Boeing UK
  • General Dynamics UK Ltd
  • GKN Aerospace Services
  • Leonardo
  • MORE
Future of the UK Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Summary

"Future of the UK Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report 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.

In particular, it provides an in-depth analysis of the following -
  • The UK defense industry market size and drivers: detailed analysis of the UK defense industry during 2019-2023, 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
  • Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
  • Market opportunities:list of the top ten defense investment opportunities over the next 5 years
  • Competitive landscape and strategic insights: analysis of the competitive landscape of the UK defense industry.
Scope
  • The country is ranked seventh globally in terms of military expenditure but has been facing constant budget cuts during the historic period in accordance with the nation’s aim of reducing overall expenditure.
  • UK defense expenditure registered a CAGR of -3.67%, declining from US$59.3 billion in 2014 to US$51.1 billion in 2018.
  • It is expected that the country will increase its defense budget to US$59.3 billion in 2023, reflecting a CAGR of 3.39% over the forecast period.
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
  • Profiles of the top domestic and foreign defense manufacturers . 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, Key Trends , and latest industry contracts.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Airbus S.A.S
  • BAE Systems Plc.
  • Boeing UK
  • General Dynamics UK Ltd
  • GKN Aerospace Services
  • Leonardo
  • MORE
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Military Fleet Size
3.1.2. Procurement Programs
3.1.3. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. The UK’s defense budget (inclusive of Foreign economic aid, R&D Defense and Defense Network-enabled Capability [NEC]) is anticipated to increase at a CAGR of 4.33%
3.2.2. The UK’s expenditure on defense functions (exclusive of foreign economic aid, R&D defense and defense NEC) is anticipated to increase at a CAGR of 3.39% over the forecast period
3.2.3. Counter-terrorism activities, procurements, and peacekeeping operations are the primary factors driving defense expenditure
3.2.4. Defense budget as a percentage of GDP is anticipated to decrease over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. More than 90% of the UK’s defense budget is allocated for defense capabilities
3.3.2. The allocations for peacekeeping operations and foreign military aid are anticipated to cumulatively value US$2.4 billion and US$2.8 billion respectively over the forecast period
3.3.3. Expenditure on defense capability is expected to grow at a CAGR of 3.32% over the forecast period
3.3.4. The allocation towards capital expenditure will remain constant
3.3.5. Capital expenditure is anticipated to record CAGR of 5.19% over the forecast period
3.3.6. Per capita defense expenditure to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. The Homeland Security market in UK is expected to grow at a CAGR of 1.73% over the forecast period
3.4.2. Border security and cyber-security will be the key drivers for homeland security
3.4.3. The UK is ‘highly affected’ by terrorist activities
3.4.4. The UK faces a high risk of terrorist attack
3.4.5. The UK faces a substantial threat from terrorist organizations
3.5. Benchmarking with Key Global Markets
3.5.1. The UK ranks among major Global Defense Markets
3.5.2. The UK is expected to be among the top 10 defense spending countries in the world
3.5.3. The UK allocates a significant percentage of GDP towards defense
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports are expected to remain consistent with the historic trends
4.1.2. The US is the leading arms exporter to UK, a trend expected to continue in the coming years
4.1.3. Aircraft, Missiles, and Engines account for more than three-quarters of UK arms imports
4.2. Export Market Dynamics
4.2.1. UK Defense Exports are anticipated to increase over the historic period
4.2.2. Saudi Arabia, Oman, and Indonesia are the main buyers of UK defense exports
4.2.3. Aircraft make up the majority of the UK’s defense exports

5. Industry Dynamics

6. Market Entry Strategy
6.1. Market Regulation
6.1.1. Offset policy discarded in order to maintain competitiveness of domestic suppliers
6.1.2. The UK permits 100% FDI in its defense industry
6.1.3. Government initiatives to boost the defense industry
6.2. Market Entry Route
6.2.1. Budgeting Process
6.2.2. Procurement Policy and Process
6.2.3. Joint weapons development programs are a viable market entry opportunity
6.2.4. Joint ventures open up new market entry strategy choices
6.2.5. Forming subsidiaries in the UK and the acquisition of domestic companies provide good market entry opportunities
6.2.6. Procurement Policy and Process

7. Competitive landscape and Strategic Insights
7.1. Competitive landscape Overview

8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. Gross Domestic Product Per Capita
8.1.2. Gross Domestic Product at Current Price US$
8.1.3. Exports of goods and services, current prices
8.1.4. Imports of goods and services, current prices
8.1.5. Gross National Disposable Income, current prices
8.1.6. Local Currency Unit per US$, Period Average
8.1.7. Market Capitalization of Listed Companies (US$ Billion)
8.1.8. Market Capitalization of Listed Companies (% GDP)
8.1.9. Government Cash Surplus/Deficit, as a Percentage of GDP (LCU)
8.1.10. Goods Exports as % of GDP
8.1.11. Goods Imports as % of GDP
8.1.12. Services Imports as a % of GDP
8.1.13. Services Exports as a % of GDP
8.1.14. Foreign Direct Investment, BoP, Current Values in US$ Billion
8.1.15. Net Foreign Direct Investment as a % of GDP
8.1.16. Mining, Manufacturing, Utilities Output

9. Appendix
9.1. About
9.2. Disclaimer

List of Tables
Table 1: The UK Army Strength
Table 2: The UK Air Force Strength
Table 3: The UK Navy Strength
Table 4: The UK- Ongoing Development and Procurement Programs
Table 5: The UK- Ongoing Development and Procurement Programs
Table 6: UK Defense Budget (GBP Billion & US$ Billion), 2014-2023
Table 7: UK Defense Expenditure (GBP Billion & US$ Billion), 2014-2023
Table 8: UK Defense Expenditure (GBP Billion & US$ Billion), 2014-2023
Table 9: UK Defense Budget Allocation (%), 2014-2023
Table 10: UK Peacekeeping Services Budget and Foreign Military Aid (US$ Billion), 2014-2023
Table 11: UK Defense Capability Budget (GBP Billion & US$ Billion), 2014-2023
Table 12: UK Defense Budget Split between Capital and Revenue Expenditure (%), 2014-2023
Table 13: Capital Expenditure (GBP Billion and US$ Billion), 2014-2023
Table 14: UK - Per Capita Defense Expenditure (US$), 2014-2023
Table 15: UK Homeland Security Expenditure (GBP Billion & US$ Billion), 2014-2023
Table 16: Terrorism Index,2018
Table 17: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023
Table 18: Top 10 UK Defense Market Sectors by Value (US$ Million) - 2018-2023
Table 19: The UK Budget Formation Timetable
Table 20: UK's Participation in International Defense Development Programs
Table 21: Competitive Landscape of the UK Defense Industry

List of Figures
Figure 1: UK Defense Budget (GBP Billion), 2014-2023
Figure 2: UK Defense Budget (US$ Billion), 2014-2023
Figure 3: UK Defense Expenditure (GBP Billion), 2014-2023
Figure 4: UK Defense Expenditure (US$ Billion), 2014-2023
Figure 5: UK GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2014-2023
Figure 6:UK Defense Expenditure Allocations (%), 2014-2023
Figure 7: UK Peacekeeping Services Budget (US$ Billion), 2014-2023
Figure 8: UK Foreign Military Aid Budget (US$ Billion), 2014-2023
Figure 9: UK Defense Capability Budget (GBP Billion), 2014-2023
Figure 10: UK Defense Capability Budget (US$ Billion), 2014-2023
Figure 11: UK Defense Budget Split between Capital and Revenue Expenditure (%), 2014-2023
Figure 12: Capital Expenditure (GBP Billion), 2014-2023
Figure 13: Capital Expenditure (US$ Billion), 2014-2023
Figure 14: UK - Per Capita Defense Expenditure (US$), 2014-2023
Figure 15: UK Homeland Security Expenditure (GBP Billion), 2014-2023
Figure 16: UK Homeland Security Expenditure (US$ Billion), 2014-2023
Figure 17: Terrorism Heat Map, 2018
Figure 18: Terrorism Index, 2018
Figure 19: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023
Figure 20: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2018 and 2023
Figure 21: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2017
Figure 22: UK Defense Imports 2013-2017
Figure 23: UK Defense Imports by Country (%), 2013-2017
Figure 24: UK Defense Imports by Category (%), 2013-2017
Figure 25: UK Defense Exports 2013-2017
Figure 26: The UK’s Defense Exports by Country (%), 2013-2017
Figure 27: UK Defense Exports by Category (%), 2013-2017
Figure 28: UK GDP Per Capita, 2015-2025
Figure 29: UK GDP (in US$ Billion) , 2015-2025
Figure 30: UK Exports of goods, (LCU Billion), 2005-2014
Figure 31: UK Imports of goods and services (LCU Billion), 2005-2014
Figure 32: UK Gross National Disposable Income, current prices (US$ Billion), 2005-2012
Figure 33: UK GBP per US$, 2015-2024
Figure 34: UK Market Capitalization of listed companies (US$ Billion), 2005-2012
Figure 35: UK Market Capitalization of listed companies(%GDP), 2005-2012
Figure 36: UK Government Cash surplus/deficit (LCU Billion), 2005-2012
Figure 37: UK Goods exports as % of GDP, 2005-2014
Figure 38: UK Goods imports as % of GDP, 2005-2014
Figure 39: UK Services Imports as a % of GDP, 2005-2014
Figure 40: UK Services exports as a % of GDP, 2005-2014
Figure 41: UK FDI, net (BoP, Current US$ Billion), 2005-2014
Figure 42: UK Net FDI as a % of GDP, 2005-2014
Figure 43: UK Mining, manufacturing and Utilities Output (US$ Billion), 2005-2014
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • BAE Systems Plc.
  • Rolls-Royce Plc.
  • GKN Aerospace Services
  • Babcock International Group Plc
  • Leonardo
  • Thales UK
  • General Dynamics UK Ltd
  • Boeing UK
  • Lockheed Martin UK Ltd
  • L-3 Communications Group Plc
  • Northrop Grumman Corporation
  • Airbus S.A.S
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Order Online - visit: https://www.researchandmarkets.com/reports/4726761
Adroll
adroll