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Category: Business and Industry
Date Submitted: 06/30/2016 10:28 PM
Hexa Reports
Market Research Reports and Insightful Company Profiles
Defense Market Share, Size, Emerging Trends, Growth,
Market Profile, Strategic Insights and Future Outlook H1
2016
Summary
Amid growing market uncertainty, decreasing defense expenditure, and rising competition,
organizations within the defense industry are planning to increase focus on new products and services,
expansion in the current market, and improving operational efficiency.
Mergers and acquisitions are expected to increase within the defense industry with emerging markets
such as India, Saudi Arabia, and China offering prominent growth opportunities. As organizations intend
to increase use of technology, and locate lower cost sources of supply in H1 2016, procurement
activities will increase on IT services and MRO activities.
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Consequently, procurement expenditure for defense organizations is projected to increase by an
average of 7% over the next six months. Additionally, 46% of defense industry executives expect
supplier prices to increase in the next six months and over one-third of defense industry executives
highlighted limited or generalized deployment of e-procurement within their organizations.
Hexa Reports
Market Research Reports and Insightful Company Profiles
Key Findings
The majority of defense organizations will focus on launching new products and services and
expansion in the current market over the next six months
The US, Germany, and the UK will present significant growth opportunities during H1 2016
One-third of executives project an increase in mergers and acquisitions in the coming six months
Medium-sized companies foresee more capital expenditure on research and development in H1
2016, compared to small companies
Overall, 29% of executives expect the global procurement budget to remain lower than US$250,000
over the next...