DUBLIN--(BUSINESS WIRE)--The "Future of the Canadian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
Future of the Canadian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023 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.
This report offers detailed analysis of the Canadian 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.
- The Canadian defense budget, which values US$15.8 billion in 2018, registered a negative CAGR of 1.53% during 2014-2018.
- An Economic Action Plan (EAP) was formulated in 2015, to develop key industrial capabilities by investing CAD2.5 million per year to undertake research on Canada's defense industrial base.
- In addition, Defence Research and Development Canada (DRDC) spent approximately CAD300 million on research and development (R&D) programs.
- An increasing number of collaborations between defense companies and research institutes are underway, and the number of these is expected to increase over the forecast period.
- Over 2019-2023, the defense budget is expected to increase at a CAGR of 4.72% from US$16.6 billion in 2019 to US$19.9 billion in 2023.
- Over the forecast period, Canadian defense expenditure will be directed towards modernizing the military, as outlined in the Canada First Defense Strategy (CFDS).
- Additionally, a major part of the budget will be utilized to ensure Canadian sovereignty over the Arctic region, which has become vulnerable to foreign intrusions due to speculation surrounding oil reserves in the area.
- The country also stands with allies to deter threats to global peace and security by deploying troops on combat missions.
- The mission to combat ISIS was extended by a year, requiring funding of approximately CAD360 million.
- Pacific Safety Products Inc.
- Heroux-Devtek Inc.
- Magellan Aerospace Corporation
- Bell Helicopter Textron Canada Ltd.
- Cascade Aerospace
- General Dynamics Canada
- General Dynamics Land Systems, Canada
- L-3 MAS
- Rheinmetall Canada Inc.
- Raytheon Canada Ltd.
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
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