Defense Spending in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Europe defense spending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces (including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces), defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans' benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
The European defense spending market is expected to generate total budget allocation of $343.4bn in 2017, representing a compound annual growth rate (CAGR) of 4.2% between 2013 and 2017.
Market volume is forecast to decline with a compound annual rate of change (CARC) of -0.6% between 2013 and 2017, to reach a total of 3.7 million armed forces personnel in 2017.
European countries have typically neglected their defense markets in recent times due to US hegemonic power and economic orthodoxy prompting them to trim government budgets in times of economic crisis. Of the European NATO members, only four met the target of 2% of GDP spending in 2016- the UK, Poland, Greece, and Estonia.
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Leading company profiles reveal details of key defense spending market players’ global operations and financial performance
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What was the size of the Europe defense spending market by value in 2017?
What will be the size of the Europe defense spending market in 2022?
What factors are affecting the strength of competition in the Europe defense spending market?
How has the market performed over the last five years?
What are the main segments that make up Europe's defense spending market?