This
report offers insights into the market opportunities and entry strategies
adopted by foreign OEMs (original equipment manufacturers) to gain a market
share in the Italian defense industry. In particular, it offers in-depth
analysis of the following:
- Market opportunity and
attractiveness
- Procurement dynamics
- Industry structure
- Market entry strategy
- Competitive landscape and
strategic insights
- Business environment and
country risk
In 2012, the Italian government allocated US$25.6
billion for the total defense budget, which recorded a CAGR of 0.35% during the
review period (2008-2012). However, the defense budget, which was estimated to
be US$28.1 billion in 2012, is expected to increase at a CAGR of 0.59% during
the forecast period (2013-2017), to reach US$28.8 billion by 2017. Cumulatively,
US$141.0 billion is expected to be allocated to the Italian MOD for defense
during the forecast period.
The
Italian common services expenditure includes research and development
(R&D), planning, and administration services. During the review period, the
common services budget was valued at US$5.4 billion in 2008 which increased to
US$6 billion in 2012 at a CAGR of 2.80%. However, during the forecast period,
this figure is expected to decrease at a CAGR of -8.99%, from US$7.7 billion in
2013 to US$5.3 billion in 2017. The gradual decline in expenditure on common
services can be attributed to the gradual completion of a number of training
and R&D programs that are to be executed over the forecast period. The
Italian Army’s budget accounted for 33.2% of the overall defense function in
2012, followed by the Air force at 18.1%, and the Navy at 14.2%.
The Air
force is expected to grow at the fastest rate during forecast period with
expenditure in 2013 valued at US$3.3 billion, which is anticipated to grow at
an estimated CAGR of 7.30% to reach US$4.4 billion in 2017. This high rate of
growth is expected to be fuelled by the continuing procurement of Fighter
planes and Multi Role Aircraft over the forecast period.
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Reasons to buy
- Includes
trend analysis of imports and exports, together with their implications and
impact on the Italian defense industry.
- Provides
detailed analysis of the current industry size and growth expectations from
2013 to 2017, including highlights of key growth stimulators, and also
benchmarks the industry against key global markets and provides a detailed
understanding of emerging opportunities in specific areas.
- The report uncovers the business outlook, key
challenges, and opportunities identified by suppliers and buyers, enabling
industry stakeholders to understand the business sentiment prevailing in the
industry.
Allows marketing agencies in the industry to promote
their business by aligning their capabilities and business practices with their
customers’ changing needs, while it also helps suppliers to benchmark their
efforts with those of their competitors.
