DUBLIN--(BUSINESS WIRE)--The "The Future of the Russian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" report has been added to Research and Markets' offering.
The Future of the Russian Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2022 offers detailed analysis of the Russian defense industry 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 modernization has traditionally been funded by booming oil and gas profits; however the crash in the global energy market has resulted in erosion in the country's revenues and as such has forced the country to adopt austerity measures to cut down on government expenditure. The problem is further compounded by the on-going sanctions on Russia, which have forced the country to rationalize its expenditure and prioritize investments.
- Russia's defense expenditure in 2017 values US$48.7 billion, recording a CAGR of -7.40% during the historic period, and it is expected to cumulatively value US$270.8 billion over the forecast period. Russia has the world's longest land border, which it shares with 16 other countries, along with maritime borders with Japan, via the sea of Okhotsk, and the US state of Alaska, across the Bering Strait. The country places the utmost importance on the protection of its borders and critical infrastructure, which covers a large geographical area that is rich in natural resources.
- During the historic period, the Russian Government allocated an average of 47.1% of its total defense budget to capital expenditure and the remaining 52.9% to revenue expenditure. Capital expenditure is expected to decrease during the forecast period to an average of 40.2%, due to the Russian Ministry of Finance setting a target of cutting defense spending by 12% by 2018.
The MoD is expected to invest in space based ISR, transport aircraft,
and multi-role aircraft.
- Irkut Corporation
- Izhevsk Mechanical Works (IZHMASH)
- KBP Instrument Design Bureau
- Oboronprom Corporation
- Tactical Missiles Corporation
- United Aircraft Corporation (UAC)
- V.A.Degtyarev Plant
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