Market Research Logo

Defense Spending in the United Kingdom

Defense Spending in the United Kingdom

Summary

Defense Spending in the United Kingdom 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.

Synopsis

Essential resource for top-line data and analysis covering the United Kingdom defense spending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

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 UK defense spending market is expected to generate total budget allocation of $49.7bn in 2017, representing a compound annual growth rate (CAGR) of 0.3% between 2013 and 2017.

Market volume is forecast to decline with a compound annual rate of change (CARC) of -2.7% between 2013 and 2017, to reach a total of 142.7 thousand armed forces personnel in 2017.

While the UK spends approximately 2.2% of GDP (adjusted for inflation from 2010) according to NATO, it has been under downward pressure since 2010, when it was 2.5% of GDP. The UK government has engaged in austerity and defense spending has not been immune from it. The UK has seen a decline in its standing army and acquisitions.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the defense spending market in the United Kingdom
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the defense spending market in the United Kingdom
  • Leading company profiles reveal details of key defense spending market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom defense spending market with five year forecasts by both value and volume
Reasons to buy
  • What was the size of the United Kingdom defense spending market by value in 2017?
  • What will be the size of the United Kingdom defense spending market in 2022?
  • What factors are affecting the strength of competition in the United Kingdom defense spending market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the United Kingdom's defense spending market?


Executive Summary
Market value
Market value forecast
Market volume
Market volume forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market volume
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Market volume forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Babcock International Group Plc
BAE Systems plc
Rolls-Royce Holdings Plc
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: United Kingdom defense spending market value: $ million, 2013-17(e)
Table 2: United Kingdom defense spending market volume: thousand armed forces personnel, 2013-17(e)
Table 3: United Kingdom defense spending market category segmentation: $ million, 2017(e)
Table 4: United Kingdom defense spending market geography segmentation: $ million, 2017(e)
Table 5: United Kingdom defense spending market value forecast: $ million, 2017-22
Table 6: United Kingdom defense spending market volume forecast: thousand armed forces personnel, 2017-22
Table 7: Babcock International Group Plc: key facts
Table 8: Babcock International Group Plc: key financials ($)
Table 9: Babcock International Group Plc: key financials (£)
Table 10: Babcock International Group Plc: key financial ratios
Table 11: BAE Systems plc: key facts
Table 12: BAE Systems plc: key financials ($)
Table 13: BAE Systems plc: key financials (£)
Table 14: BAE Systems plc: key financial ratios
Table 15: Rolls-Royce Holdings Plc: key facts
Table 16: Rolls-Royce Holdings Plc: key financials ($)
Table 17: Rolls-Royce Holdings Plc: key financials (£)
Table 18: Rolls-Royce Holdings Plc: key financial ratios
Table 19: United Kingdom size of population (million), 2013-17
Table 20: United Kingdom gdp (constant 2005 prices, $ billion), 2013-17
Table 21: United Kingdom gdp (current prices, $ billion), 2013-17
Table 22: United Kingdom inflation, 2013-17
Table 23: United Kingdom consumer price index (absolute), 2013-17
Table 24: United Kingdom exchange rate, 2013-17
List of Figures
Figure 1: United Kingdom defense spending market value: $ million, 2013-17(e)
Figure 2: United Kingdom defense spending market volume: thousand armed forces personnel, 2013-17(e)
Figure 3: United Kingdom defense spending market category segmentation: % share, by value, 2017(e)
Figure 4: United Kingdom defense spending market geography segmentation: % share, by value, 2017(e)
Figure 5: United Kingdom defense spending market value forecast: $ million, 2017-22
Figure 6: United Kingdom defense spending market volume forecast: thousand armed forces personnel, 2017-22
Figure 7: Forces driving competition in the defense spending market in the United Kingdom, 2017
Figure 8: Drivers of buyer power in the defense spending market in the United Kingdom, 2017
Figure 9: Drivers of supplier power in the defense spending market in the United Kingdom, 2017
Figure 10: Factors influencing the likelihood of new entrants in the defense spending market in the United Kingdom, 2017
Figure 11: Factors influencing the threat of substitutes in the defense spending market in the United Kingdom, 2017
Figure 12: Drivers of degree of rivalry in the defense spending market in the United Kingdom, 2017
Figure 13: Babcock International Group Plc: revenues & profitability
Figure 14: Babcock International Group Plc: assets & liabilities
Figure 15: BAE Systems plc: revenues & profitability
Figure 16: BAE Systems plc: assets & liabilities
Figure 17: Rolls-Royce Holdings Plc: revenues & profitability
Figure 18: Rolls-Royce Holdings Plc: assets & liabilities

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report