Gurgaon, India, May of 2016 •by the end of 2016, it is anticipated that the military sector would increase at a rate of 3 percent •the huge defense budget of china is a source of concern for other countries ken research has just recently announced the latest release of a publication titled “defense industry business outlook and procurement report h1 2016.” This publication discusses the growth potential of the global defense industry according to key business priorities, business concerns, and nation-wise scope for development of the sector. Additionally, the report sheds light on how existing players can use this information to capture a major share in the market. In addition to that, the most important trends and drivers have been discussed. moreover, the procurement budget and intelligence tactics have also been discussed. Up until 2015, the global military sector saw a decline in terms of budget and investment. However, it is anticipated that the global defense industry will see growth of 3 percent in 2016. The revenue had a decrease of 3.2 percent in 2013, followed by growth of 1.9 percent in 2014 and a decrease of 1.3 percent in 2015. The rise in profits seen in the military business in 2016 may be attributed to the increased spending on defense seen in both China and “the United States.” There are regions of the globe in which there has been a rise in military spending, but overall there has been a decrease in the amount spent on defense everywhere. There are several obstacles to overcome in order for the military sector to thrive, the most significant of which is figuring out how to do so in a market that is contracting on a worldwide scale while still turning a profit. The expansion of China’s military spending at such a rapid rate is unsettling to watch for other economies. The size of China’s military expenditure is a source of anxiety for the nations that are in its immediate vicinity. The Chinese government has declared that its military budget for the year 2014 would be USD 132.0 billion, which is a 12.2 percent increase over 2013. The amount of money that China spends on its military has been growing at an alarming rate over the last two decades, with practically annual increases in the double digits. In this age of globalization, such tendencies are likely to give birth to impacts that are disruptive. As a result of globalization, regional industries no longer exist, which has resulted in increased levels of rivalry across all market segments. Even the established country, which invests a significant amount of money in research and development in this essential industry for the economic development and national security of a nation, is increasing at a slower pace than the growth in poor or emerging nations. The explanation for this is rather simple. A developing country is able to reproduce the research and development carried out by a developed nation, which enables them to expand more quickly. The research and development carried out by wealthy countries is providing advantages to emerging nations. The military industry is a resource-intensive sector that calls for significant financial commitment. Without the assistance of their own governments, local enterprises have little chance of competing with multinational corporations or other economies. The government is beginning to take an interest in preserving the military sector in their own nation. When there is a reduction in expenditures for national defense, it is really unpleasant for the domestic firms because it makes it much more difficult for them to stay in the race of competitiveness. Due to the fact that the government’s budget for military has been decreasing over the years, it has been imperative to make cutbacks in spending. Because the consumers that defense industries serve have limited financial resources, these businesses are required to manufacture equipment at the lowest possible cost. Additionally, there is a need for innovations and technical advancements within this industry. The following are some of the key topics that are covered in the report: a detailed analysis of the defense industry around the world; a value and volume analysis for the defense industry; an analysis of the defense industry’s historical and projected values; key issues and trends in the defense industry; a consumer trend framework; an analysis of mega-trends; and a profiling of new products and innovations launched in the defense industry. Please visit the following page for more information on coverage: https://www.kenresearch.com/defense-and-security/defense/defense-industry-business-outlook/29313-16.html related news accounts: swot analysis and business profile of bae systems, inc., focusing on the aerospace and military industries ken research ankur gupta, head of marketing and communications query@kenresearch.com +91-124-4230204 is the person to contact for more information about airbus defence and space’s aerospace and defense-company profile and swot analysis.
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