Defense Industry Business Outlook and Procurement Report H1 2016
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Amid growing market uncertainty, decreasing defense expenditure, and rising competition, organizations within the defense industry are planning to increase focus on new products and services, expansion in the current market, and improving operational efficiency. Mergers and acquisitions are expected to increase within the defense industry with emerging markets such as India, Saudi Arabia, and China offering prominent growth opportunities. As organizations intend to increase use of technology, and locate lower cost sources of supply in H1 2016, procurement activities will increase on IT services and MRO activities. Consequently, procurement expenditure for defense organizations is projected to increase by an average of 7% over the next six months. Additionally, 46% of defense industry executives expect supplier prices to increase in the next six months and over one-third of defense industry executives highlighted limited or generalized deployment of e-procurement within their organizations.
Scope
• The majority of defense organizations will focus on launching new products and services and expansion in the current market over the next six months
• The US, Germany, and the UK will present significant growth opportunities during H1 2016
• One-third of executives project an increase in mergers and acquisitions in the coming six months
• Medium-sized companies foresee more capital expenditure on research and development in H1 2016, compared to small companies
• Overall, 29% of executives expect the global procurement budget to remain lower than US$250,000 over the next six months
• In total, 22% of respondents with business operations in Asia-Pacific communicated their intention of implementing e-procurement in their organizations.
Reasons to Buy
Highlights key business priorities thus helping defense companies to realign business strategy
Develop or adjust business expansion plans by knowing about significant growth-offering emerging and developed markets
Make changes in procurement budget allocations by analyzing procurement expenditure projections anticipated by executives for April–September 2016
Helps to manage cost by providing information about supplier price expectations for the next six months.
Saab Grintek Defense (Pty) Ltd.
BAE Systems plc
Mahindra Defense Systems Ltd.
Saudi Technology Development and Investment Company
ASELSAN A.S.
The Boeing Company
HIL Heeresinstandsetzungslogistik GmbH
Airbus Defense and Space GmbH
General Dynam
Table of Contents
Table
Figures
Frequently asked questions
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.