Australia Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027

Pages: 95 Published: July 15, 2022 Report Code: GDDF0774MR

The Australian defense budget stands at $35.9 billion in 2022. The market forecasts to expand at a CAGR of more than 3% during 2023-27. The Australia defense market research report provide insights into the strategy, security environment and defense market dynamics of the country. In particular, it offers an in–depth analysis of the military doctrine and strategy, budgeting process and procurement process, providing a full–picture of the doctrinal and regulatory environment of the market. The repost also comprehends the security environment of Australia, primarily focusing upon the primary threat perception and alliances shaping the country’s acquisition policy. It gives insight of the defense budget, current acquisition programs, imports and exports, and most common entry strategy providing a comprehensive picture of Australia’s defense market. The report also provides profiles of the top five defense contractors including: business overview, SWOT analysis, latest contracts, and financial results.

Australia Defense Market Size

For more Australia defense market insights, download a free report sample

Market Drivers in the Australia Defense Industry

Strategic priorities have been realigned in the immediate Indo-Pacific region in response to China’s military modernization and expanding sphere of influence. Fulfilling the defense strategy will need new platform acquisitions for deterrence capabilities. Strategic priorities are focusing on deterring potential conflict with a greater military power in the immediate region. Future investment in hypersonic research and a ballistic missile defense will enable long-distance deterrence.

Military Doctrines and Defense Strategies in Australia

Australia’s defense strategy is based on three strategic defense interests: protecting national security and sea lines of communication, protecting surrounding regions including Southeast Asia and the South Pacific, and ensuring the stability of the Indo-Pacific through a rules-based order.

The military doctrine of Australia is designed specifically to safeguard border and offshore territories – Timor-Leste, Papua New Guinea, maritime Southeast Asia, and Pacific Island countries – and to counter terrorism. Strategically and economically, the Asia-Pacific region has become a focal point for Australia, and its defense strategy is developed to protect trade routes in the region.

Key Sectors in the Australia Defense Market

Submarine, naval vessels and surface combatant, missiles and missile defense system can be categorized as the top three largest sectors in the Australian defense market. Other prominent sectors include military rotorcraft, military fixed-wing, military rotorcraft, naval vessels and surface combatant, missiles and missile defense system, and military land vehicles.

Australia Defense Market Analysis by Sector

Australia Defense Market Analysis by Sector

For more sectors insights, download a free report sample

Key Companies in the Australia Defense Market

Some of the key companies in the Australia defense market are Austal Ltd, Airservices Australia, Electro Optic Systems Holdings Ltd, Quickstep Holdings Ltd, Adacel Technologies Limited, XTEK Ltd, Envirosuite Ltd, Ultra Electronics Avalon Systems, BAE Systems Australia Ltd, Hawker Pacific Pty Ltd, Lockheed Martin Australia Pty Ltd, and Barrett Communications Pty Ltd

Market report overview

Market size (2022) $35.9 billion
CAGR% (2023-2027) >3%
Forecast Period 2023-2027
Key sectors Submarine, Naval Vessels and Surface Combatant, Missiles and Missile Defense System, Military Rotorcraft, Military Fixed-Wing, Military Rotorcraft, Naval Vessels and Surface Combatant, Missiles and Missile Defense System, and Military Land Vehicles
Key companies Austal Ltd, Airservices Australia, Electro Optic Systems Holdings Ltd, Quickstep Holdings Ltd, Adacel Technologies Limited, XTEK Ltd, Envirosuite Ltd, Ultra Electronics Avalon Systems, BAE Systems Australia Ltd, Hawker Pacific Pty Ltd, Lockheed Martin Australia Pty Ltd, and Barrett Communications Pty Ltd

Scope

This report provides:

  • Detailed analysis of the military doctrine and strategy, budgeting process and procurement process, providing a full–picture of the doctrinal and regulatory environment of the market.
  • Analysis of the primary threat perception and alliances shaping the country’s acquisition policy.
  • Detailed analysis of the defense budget, current acquisition programs, imports and exports, and most common entry strategy providing a comprehensive picture of the country’s defense market.
  • Summary of the armed forces’ standing fleet by main domain: fixed–wing, rotorcraft, naval vessels, submarines, armored vehicles and artillery.
  • Profiles of the top five defense contractors including: business overview, SWOT analysis, latest contracts, and financial results.

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of the Australian defense market over the next five years
  • Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Australian market and identify the opportunities offered.
  • Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
  • Identify the major threats that are driving the Australian defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
  • Channel resources by focusing on the ongoing programs that are being undertaken by the Australian government
  • Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available

Table of Contents

Table of Contents

Executive Summary

Defense Budget Assessment

Budgeting Process

Defense Market Size Historical And Forecast

Drivers Of Defense Expenditure

Analysis Of Defense Budget Allocation

Key Market Trends and Insights

Military Doctrine And Security Environment

Military Doctrine And Strategy

Political And Strategic Alliances

Geopolitical, Social and Economic Scenario

Market Entry Strategy And Regulations

Defense Procurement Bodies

Procurement Policy and Process

Market Regulations and Market Entry Routes

Key Challenges

Major Deals and M&A

Market Attractiveness And Emerging Opportunities

Market Attractiveness, 2022-27

Top Defense Segments By Value

Import And Export Market Dynamics

Import Market Dynamics

Export Market Dynamics

Defense Platform Acquisitions

Defense Platform Acquisitions By Value

Nuclear-powered Submarines

Hunter-class (SEA 5000)

Arafura-class

Boxer Combat Reconnaissance Vehicle

F-35 Joint Strike Fighter

MH-60 R

National Advanced Surface-to-Air Missile System

Fleet Size

Competitive Landscape

Defense Companies Operating In Australia

Main Defense Companies

Appendix

About This Report

About Us

Contact Us

Frequently Asked Questions

The Australian defense budget stands at $35.9 billion in 2022.

The Australia defense market forecasts to expand at a CAGR of more than 3% during 2023-27.

The key sectors in the Australia defense market are submarine, naval vessels and surface combatant, missiles and missile defense system, military rotorcraft, military fixed-wing, military rotorcraft, naval vessels and surface combatant, missiles and missile defense system, and military land vehicles.

Some of the key companies in the Australia defense market are Austal Ltd, Airservices Australia, Electro Optic Systems Holdings Ltd, Quickstep Holdings Ltd, Adacel Technologies Limited, XTEK Ltd, Envirosuite Ltd, Ultra Electronics Avalon Systems, BAE Systems Australia Ltd, Hawker Pacific Pty Ltd, Lockheed Martin Australia Pty Ltd, and Barrett Communications Pty Ltd.

Leading companies in the Australian defense market include BAE Systems Plc, Lockheed Martin Corp, and Northrop Grumman Corp.

$1,250

Can be used by individual purchaser only

$2,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Get in touch to find out about our multi-purchase discounts

reportstore@globaldata.com
Tel +44 (0) 20 7947 2960

Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.

GDPR + CCPA Compliant

Personal and transaction information are kept safe from unauthorised use.

Recently Viewed Reports

Testimonial

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods
Looking to stay on top of industry & market trends?

Sign up to receive regular alerts for our latest analysis and reports. No matter your industry focus, you can keep your finger on the pulse with our timely updates.