United Kingdom (UK) Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027
Description
United Kingdom (UK) Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027
Summary
United Kingdom (UK) Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
The UK defense budget grew by only 1% in 2022 to $63.9 billion, up from $63.3 billion in 2021. This follows a substantial jump in budget size form 2020 to 2021, when the UK refocused its efforts on utilizing defense spending to stimulate the domestic economy in the wake of COVID-19. Acquisition spending is also forecast to grow from $21.0 billion in 2022 to $27.2 billion in 2027. This will allow the UK to maintain its deterrent forces, both nuclear and conventional, in the face of a rapidly destabilizing global security environment.
This report offers detailed analysis of the UK defense market 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.
Key Highlights
In particular, it provides an in-depth analysis of the following -
Summary
United Kingdom (UK) Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
The UK defense budget grew by only 1% in 2022 to $63.9 billion, up from $63.3 billion in 2021. This follows a substantial jump in budget size form 2020 to 2021, when the UK refocused its efforts on utilizing defense spending to stimulate the domestic economy in the wake of COVID-19. Acquisition spending is also forecast to grow from $21.0 billion in 2022 to $27.2 billion in 2027. This will allow the UK to maintain its deterrent forces, both nuclear and conventional, in the face of a rapidly destabilizing global security environment.
This report offers detailed analysis of the UK defense market 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.
Key Highlights
- The UK has been providing military aid to Ukraine: from deliveries of lethal military aid to training Ukrainian troops in the UK. The ability to continue to deliver such assistance requires a longer-term financial commitment by the MoD.
- The use of defense spending as a stimulant for the UK economy is a major driver of the continued growth of the British defense budget. This is inline with the Defense and Security Industrial Strategy 2021 that aims to use the industry as a “strategic tool”.
- DSIS 2021 removed the policy of ‘global competition by default’. In its place, the MoD is aiming to use the domestic defense industry as a strategic capability in its own right. This is a challenge for foreign OEMs as it will potentially make it harder to win contracts when facing bidders that are UK based or have strong UK based operations.
- The complexity of the UK defense industry can be a blocker to SMEs and more mid-tier businesses looking to participate. The complexity of tier 1 companies and the high staff turnover that exists at the MoD can result in SMEs getting lost in the process of trying to engage in the market.
- Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
- The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
- The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.
In particular, it provides an in-depth analysis of the following -
- UK defense budget: detailed analysis of the UK's 2022 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
- Regulation: the procurement policy and process is explained. This is coupled with an analysis of British military doctrine and strategy to provide a comprehensive overview of British military regulation.
- Security Environment: political alliances and perceived security threats to the UK are examined; there help to explain trends in spending and modernisation.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the UK's defense industry.
- Determine prospective investment areas based on a detailed trend analysis of the UK defense market over the next five years
- Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the UK market and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
- Identify the major threats that are driving the UK defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channel resources by focusing on the ongoing programs that are being undertaken by the British government
- Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available
Table of Contents
116 Pages
- Executive Summary
- Defense Budget Assessment
- Budgeting Process
- Defense Market Size Historic And Forecast
- Drivers Of Defense Expenditure
- Analysis Of Defense Budget Allocation
- Military Doctrine And Security Environment
- Military Doctrine And Strategy
- Political And Strategic Alliances
- Market Entry Strategy And Regulations
- Defense Procurement Bodies
- Funding Opportunities
- Trade Associations and Defense Clusters
- Types of Contracts and Opportunities
- Types of Procurement Procedure
- Procurement Policy and Market Regulations
- Market Entry Routes
- Key Challenges
- Major Deals and M&A
- Market Attractiveness And Emerging Opportunities
- Market Attractiveness, 2022-27
- Top Defense Segments By Value
- Import And Export Market Dynamics
- Import Market Dynamics
- Export Market Dynamics
- Defense Platform Acquisitions
- Defense Platform Acquisitions By Value
- Dreadnaught-class
- F-35B
- Tempest Sixth-generation Fighter program
- Type 26
- Boxer Program
- Ajax
- SSNR (Submersible Ship Nuclear Replacement)
- Astute-class
- Type 31 (Inspiration-class)
- CH-47(ER)
- AH-64E
- A400M Atlas
- Fleet Size
- Competitive Landscape
- Defense Companies Operating In the UK
- Main Defense Companies
- Appendix
- About This Report
- About Us
- Contact Us
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