DUBLIN--(BUSINESS WIRE)--The "Future of the Argentine Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
On-going modernization and procurement programs of the armed forces, the Falkland Islands territorial dispute with the UK, and participation in peacekeeping missions drove Argentine defense expenditure during 2014-2018. With this trend expected to continue over the forecast period, the country is projected to cumulatively spend US$18 billion over 2019-2023. As a percentage of GDP, the country's defense expenditure is expected to average 0.5% over the forecast period, compared to 0.4% recorded in the historic period.
Argentina's defense capital expenditure recorded a relatively flat CAGR of 1.59% during 2014-2018. However, the capital expenditure is projected to grow at a CAGR of 6.97% over the forecast period, primarily due to the procurement of advanced defense equipment and the focus on increasing indigenous defense manufacturing capabilities. Moreover, Argentina is focusing on the development of its domestic defense industrial base in order to reduce its dependency on foreign suppliers and, is therefore engaging in joint production projects and collaborations with foreign equipment manufacturers.
Key opportunities for equipment suppliers are expected in sectors such as submarines, multi-role aircraft, and transport aircraft. Revenue expenditure is also projected to increase over the forecast period, at a CAGR of 9.47%, which will be directed towards additional recruitment, training, and development programs for military personnel.
The report 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.
- Fabrica Argentina de Aviones
- Astillero Ro Santiago
- INVAP SE
- Direccion General de Fabricaciones Militares
Key Topics Covered
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
4. Defense Procurement Market Dynamics
5. Industry Dynamics
6. Market Entry Strategy
7. Competitive Landscape and Strategic Insights
8. Business Environment and Country Risk
For more information about this report visit https://www.researchandmarkets.com/research/2qq8fj/future_of_the?w=4