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Australia Defence and Security Report 2015

Australia Defence and Security Report 2015

BMI View: We expect Australia's defence budget to continue increasing in absolute terms in the next fiveyears. This will be driven by Australia's defence policy focused on becoming a key player in regional andinternational security, which will require an upgrading of both its navy and air force capacities. Thegovernment is looking to take advantage of the globalisation of the defence market to continue importingdefence materiel whilst, simultaneously, facilitating Australian defence SMEs' access to the market. Thiswill open up development opportunities for both international and national companies operating in thedefence sector.

In its 2009 Defence White Paper, Australia spelled out its Force 2030 strategic defence objective. It aims toredefine the role of the Australian Defence Force (ADF) to one that is not limited to defending the countryfrom potential regional and international threats, but instead also focuses on building Australia's reputationas a key player in regional and international security. This will therefore involve a significant upgrading ofthe Royal Australian Air Force (RAAF) and the Royal Australian Navy (RAN). The latter, in particular, willbe crucial as Australia's current fleet of diesel and electric-powered submarines is reaching the end of its lifecycle and needs to be replaced. These objectives were restated in the 2013 Defence White Paper andAustralia's defence spending forecasts continue to point to the importance of such defence strategy.


BMI Industry View
SWOT
Australia Defence SWOT
Political
Economic
Operational Risk
Industry Forecast
Defence Expenditure
Table: Defence Expenditure (Australia 2012-2019)
Armed Forces
Table: Armed Forces Personnel (Australia 2005-2012)
Table: Manpower Available For Military Service (Australia 2012-2019)
Defence Trade
Table: Defence Trade Balance (Australia 2012-2019)
Imports
Table: Defence Imports (Australia 2012-2019)
Exports
Table: Defence Exports (Australia 2012-2019)
Macroeconomic Forecasts
Economic Analysis
Table: Economic Activity (Australia 2010-2019)
Industry Risk Reward Ratings
Australia Security Risk Index
Table: Asia Pacific Defence Risk Reward Index
Rewards
Risks
Market Overview
Australia Security Overview
Domestic Threats
Regional Threats
International Threats
Defence Market Overview
Domestic Defence Sector
Domestic Market
Defence Agreements
Table: Defence Agreements
Deployments
Table: Deployments
Company Profile
Austal
Boeing Australia
BAE Systems Australia
Raytheon Australia
Thales Australia
Regional Overview
South East Asia Security Overview
Challenges And Threats To Stability And Security
Global Industry Overview
Political Risk Analysis
Methodology
Sector-Specific Methodology
Table: Defence Risk Reward Index Indicators
Weighting
Table: Weighting of Defence Risk Reward Index

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