Aviation-NewsWire.Com, May 09, 2016 ) As one of the emerging powers, as well as one of the largest and strongest performing economies in Central Asia, Uzbekistan displays a strong potential for growth compared to its neighbouring nations. While the co">
Aviation-NewsWire.Com, May 09, 2016 ) As one of the emerging powers, as well as one of the largest and strongest performing economies in Central Asia, Uzbekistan displays a strong potential for growth compared to its neighbouring nations. While the co">
(Aviation-NewsWire.Com, May 09, 2016 ) As one of the emerging powers, as well as one of the largest and strongest performing economies in Central Asia, Uzbekistan displays a strong potential for growth compared to its neighbouring nations. While the country invested US$9.7 billion cumulatively over the period 2012-2016, the defense budget is expected to increase to US$11.8 billion cumulatively in the forecast period. This growth is stimulated by the government's initiatives to procure new defense systems and combat the rising threat of domestic terrorism.
- During 2012-2016, Uzbek defense expenditure registered a growth rate of 3.57%, increasing from US$1.8 billion in 2012 to US$2.1 billion in 2016
- Military expenditure is anticipated to register a CAGR of 4.25% during 2017-2021, to value US$2.6 billion in 2021
- Demand for equipment is mainly expected to revolve around helicopter, aircraft, armored vehicle, and surveillance equipment during 2017-2021
Synopsis
Strategic Defence Intelligence's report - Future of the Uzbek Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2021 offers detailed analysis of the industry with market size forecasts from 2017-2021. This report will also analyze factors that influence demand in the industry, key market trends, and challenges faced by industry participants. In particular, it provides an in-depth analysis of the following:
- Defense industry market size and drivers: detailed analysis of the defense industry during 2017-2021, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the country's expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to the army, navy, and air force. It also details the key challenges faced by defense market participants within the country
- Porter's Five Force analysis of the defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, buyers, threat of substitution, intensity of rivalry, and barriers to entry
- Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
- Market opportunities: details of the top five defense investment opportunities from 2016 to 2026
- Competitive landscape and strategic insights: Including an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis
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