Russia Defense Market – Attractiveness, Competitive Landscape and Forecast to 2024

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Published: June 28, 2019 Report Code: GDDF0577MR-ST

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This report offers detailed analysis of the Russian defense market 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.
Russian Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024, published by GlobalData, 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.

In particular, it provides an in-depth analysis of the following –
– The Russian defense industry market size and drivers: detailed analysis of the Russian defense industry during 2019–2024, 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
– Porter’s Five Force analysis of the Russian defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
– Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
– Market opportunities: details of the top five defense investment opportunities over the next 10 years
– Competitive landscape and strategic insights: analysis of the competitive landscape of the Russian defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Scope

– Russia’s defense expenditure in 2019 values US$46.4 billion, recording a CAGR of -3.11% during the historic period, and is expected to cumulatively value US$268.4 billion over the forecast period. Russia, as the largest country in the world, spans across an area of 17.1 million km² and therefore has the longest land border in the world. The country shares its land borders with 16 different countries, and also shares maritime borders with Japan, via the sea of Okhotsk, and the US state of Alaska, across the Bering Strait. The country remains deeply distrustful of the expansion of the NATO alliance and perceives it to intrude within its sphere of influence. The need to deter NATO is anticipated to fuel investments in the Russian defense sector and the country is expected to progressively increase defense spending.

– During the historic period, the Russian government allocated an average of 47.4% of its total defense budget to capital expenditure and the remaining 52.6% to revenue expenditure. Capital expenditure is expected to increase over the forecast period to an average of 51%, owing to the Russian government’s decision to speed up its defense modernization program under its new State Armaments Program (SAP) 2027.

– The MoD is expected to mainly invest in Critical Infrastructure Protection (CIP), land based C4ISR, and airborne C4ISR capabilities.

Reasons to Buy

– This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Russian 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

– Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector

– A deep qualitative analysis of the Russian defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

United Aircraft Corporation (UAC)
Sukhoi
Irkut Corporation
Rostec
Uralvagonzavod (UVZ)
Splav
KBP Instrument Design Bureau
V.A.Degtyarev Plant
Kalashnikov Concern
Oboronprom Corporation
United Engine Corporation (UEC)
Tactical Missiles Corporation
Almaz-Antey
Kurganmashzavod
and United Shipbuilding Corporation (USC)

Table of Contents

Table of Contents

LIST OF FIGURES

LIST OF TABLES

1. Introduction

1.1. What is this Report About?

1.2. Definitions

1.3. Summary Methodology

1.4. About GlobalData

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

3.1. Current Market Scenario

3.1.1. Primary Threat Perception

3.1.2. Military Doctrine and Strategy

3.1.3. Procurement Programs

3.1.4. Top Procurement Programs by Value (US$ Million) over 2019–2024

3.1.5. Social, Political and Economic Environment and Support for Defense Projects

3.1.6. Political and Strategic Alliances

3.2. Defense Market Size Historical and Forecast

3.2.1. Russia’s defense budget to grow at a CAGR of

5.46% to value US$59.3 billion by 2024

3.2.2. Military modernization and defense exports to drive defense expenditure over the forecast period

3.2.3. Defense expenditure as a percentage of GDP is expected to average

3.6% over the forecast period

3.3. Analysis of Defense Budget Allocation

3.3.1. The majority of Russia’s defense budget is expected to be allocated to revenue expenditure

3.3.2. Capital expenditure is expected to record a CAGR of

5.33% over the forecast period

3.3.3. Status of critical projects in key sectors:

3.3.4. Per capita defense expenditure expected to increase over the forecast period

3.4. Homeland Security Market Size and Forecast

3.4.1. Russian homeland security expenditure forecast to reach US$39.4 billion by 2024

3.4.2. Border security and the fight against cyber-attacks are the main factors encouraging growth in the homeland security market

3.5. Benchmarking with Key Global Markets

3.5.1. Russia’s defense budget is expected to grow significantly over the forecast period

3.5.2. Russia is among the world’s largest defense spenders

3.5.3. Russia allocated

2.8% of its GDP to defense in 2019

3.6. Market Opportunities: Key Trends and Growth Stimulators

3.6.1. Top Defense Market Sectors by Value (US$ Million) – Projections over 2018-2023

3.6.2. Critical Infrastructure Protection (CIP) – Physical Security

3.6.3. Land-based C4ISR

3.6.4. Airborne C4ISR

4. Defense Procurement Market Dynamics

4.1. Import Market Dynamics

4.1.1. The country’s defense imports are low owing to a developed indigenous sector

4.1.2. Ukraine was the key defense supplier to Russia

4.1.3. Aircraft and engines were the key defense imports during 2014–2018

4.2. Export Market Dynamics

4.2.1. Russia’s exports witnessed an increasing trend during 2014–2018

4.2.2. India, China, and Algeria are Russia’s main defense equipment purchasers

4.2.3. Aircraft and ships account for the majority of Russia’s defense exports

5. Industry Dynamics

5.1. Five Forces Analysis

5.1.1. Bargaining Power of Supplier: Medium to High

5.1.2. Bargaining Power of Buyer: High

5.1.3. Barrier to Entry: High

5.1.4. Intensity of Rivalry: High

5.1.5. Threat of Substitution: High

6. Market Entry Strategy

6.1. Market Regulation

6.1.1. Entry into the defense sector is highly regulated

6.2. Market Entry Route

6.2.1. Budgeting Process

6.2.2. Procurement Policy and Process

6.3. Key Challenges

6.3.1. Russian government’s aversion to Western defense technology

6.3.2. Sanctions on Russian defense entities constrains market opportunities

7. Competitive Landscape and Strategic Insights

7.1. Competitive Landscape Overview

7.1.1. Russian Market Share Analysis, 2019–2024

7.1.2. The domestic industry is consolidating to provide better focus and fund allocation

7.1.3. Defense sector is dominated by domestic firms, with no foreign presence

7.2. Key Domestic Companies

7.2.1. United Aircraft Corporation – Overview

7.2.2. United Aircraft Corporation – Products

7.2.3. United Aircraft Corporation – Recent Announcements and Strategic Initiatives

7.2.4. United Aircraft Corporation – Alliances

7.2.5. United Aircraft Corporation (UAC) – Recent Contract Awards

7.2.6. United Aircraft Corporation (UAC) – Financial Analysis

7.2.7. Sukhoi – Overview

7.2.8. Sukhoi – Products

7.2.9. Sukhoi – Recent Announcements and Strategic Initiatives

7.2.10. Sukhoi – Alliances

7.2.11. Sukhoi – Recent Contract Awards

7.2.12. Irkut Corporation – Overview

7.2.13. Irkut Corporation – Products

7.2.14. Irkut Corporation – Recent Announcements and Strategic Initiatives

7.2.15. Irkut Corporation – Alliances

7.2.16. Irkut Corporation – Recent Contract Wins

7.2.17. Irkut Corporation – Financial Analysis

7.2.18. Rostec – Overview

7.2.19. Rostec – Products

7.2.20. Rostec– Recent Announcements and Strategic Initiatives

7.2.21. Rostec – Alliances

7.2.22. Rostec – Recent Contract Awards

7.2.23. Uralvagonzavod – Overview

7.2.24. Uralvagonzavod – Products

7.2.25. Uralvagonzavod – Recent Announcements and Strategic Initiatives

7.2.26. Uralvagonzavod – Alliances

7.2.27. Uralvagonzavod – Recent Contract Wins

7.2.28. Splav – Overview

7.2.29. Splav – Products

7.2.30. Splav – Recent Announcements and Strategic Initiatives

7.2.31. Splav – Alliances

7.2.32. KBP Instrument Design Bureau – Overview

7.2.33. KBP Instrument Design Bureau – Products

7.2.34. KBP Instrument Design Bureau – Recent Announcements and Strategic Initiatives

7.2.35. KBP Instrument Design Bureau – Recent Contract Wins

7.2.36. VV.A.Degtyarev Plant – Overview

7.2.37. V.A.Degtyarev Plant – Products

7.2.38. Kalashnikov Concern – Overview

7.2.39. Kalashnikov Concern – Products

7.2.40. Kalashnikov Concern – Recent Announcements and Strategic Initiatives

7.2.41. Kalashnikov Concern – Alliances

7.2.42. Oboronprom Corporation – Overview

7.2.43. Oboronprom Corporation – Products

7.2.44. Oboronprom Corporation – Recent Announcements and Strategic Initiatives

7.2.45. Oboronprom Corporation – Alliances

7.2.46. Oboronprom Corporation – Recent Contract Wins

7.2.47. United Engine Corporation (UEC) – Overview

7.2.48. United Engine Corporation (UEC) – Products

7.2.49. United Engine Corporation (UEC) – Recent Announcements and Strategic Initiatives

7.2.50. Tactical Missiles Corporation: Overview

7.2.51. Tactical Missiles Corporation – Products

7.2.52. Tactical Missiles Corporation – Recent Announcements and Strategic Initiatives

7.2.53. Tactical Missiles Corporation – Alliances

7.2.54. Tactical Missiles Corporation – Recent Contract Wins

7.2.55. Almaz-Antey – Overview

7.2.56. Almaz-Antey – Products

7.2.57. Almaz-Antey – Recent Announcements and Strategic Initiatives

7.2.58. Almaz-Antey – Alliances

7.2.59. Almaz-Antey – Recent Contract Wins

7.2.60. Kurganmashzavod – Overview

7.2.61. Kurganmashzavod – Products and Services

7.2.62. Kurganmashzavod – Recent Announcements and Strategic Initiatives

7.2.63. Kurganmashzavod – Alliances

7.2.64. Kurganmashzavod – Recent Contract Wins

7.2.65. United Shipbuilding Corporation – Overview

7.2.66. United Shipbuilding Corporation (USC) – Products and Services

7.2.67. United Shipbuilding Corporation (USC) – Recent Announcements and Strategic Initiatives

7.2.68. United Shipbuilding Corporation – Recent Contract Wins

8. Business Environment and Country Risk

8.1. Economic Performance

8.1.1. GDP Per Capita, US$

8.1.2. GDP (Current US$ Billion)

8.1.3. Exports of Goods and Services (LCU Billion)

8.1.4. Imports of Goods and Services (LCU Billion)

8.1.5. Gross National Disposable Income (US$ Billion)

8.1.6. LCU per US$ (Period Average)

8.1.7. Market Capitalization of Listed Companies (US$ Billion)

8.1.8. Market Capitalization of Listed Companies (% of GDP)

8.1.9. Government Cash Surplus/Deficit as a Percentage of GDP (LCU)

8.1.10. Goods Exports as a Percentage of GDP

8.1.11. Goods Imports as a Percentage of GDP

8.1.12. Services Imports as a Percentage of GDP

8.1.13. Services Exports as a Percentage of GDP

8.1.14. Foreign Direct Investment, net (BoP, current US$ Billion)

8.1.15. Net Foreign Direct Investment as a Percentage of GDP

8.1.16. Mining, Manufacturing, and Utilities Output (LCU Billion)

9. Appendix

9.1. About GlobalData

9.2. Disclaimer

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