Press release
Defense Industry Business Outlook and Procurement Survey H1 2017
Rising geopolitical tensions and the threat of terrorist attacks have led to a gradual increase in the demand for new products and services As a result global defense companies consider launching new products and services and improving operational efficiency are the key priorities over the next six months Mergers and acquisitions are expected to increase within the defense industry over the next six months June Nov 2017 as a result of market uncertainty and considerable competition Defense industry executives are confident about emerging markets such as India China and Saudi Arabia and developed markets namely the US and the UK contributing significant growth to the defense industry during the next six months On average the global defense industries procurement expenditure is projected to increase by 75 over the next six months
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Synopsis
SDI s Defense Industry Business Outlook and Procurement Survey H1 2017 examine executives opinion on the business outlook and procurement activities over JuneNov 2017 Organizations can know about key business priorities supplier price variations changes in capital expenditure mergers and acquisitions within the global defense industry and organizations perspective towards procurement Additionally it provides information categorized by region and company type
Scope
Introducing new products and services improving operational efficiency and expansion in current market sabroad are the top three priorities for defense organizations in the coming six months
Among the developed markets the US the UK and Germany will offer significant growth opportunities in the coming six months
Market uncertainty and rising competition will present the biggest challenges for defense organizations during the next six months
Organizations intend to increase their use of technology and locate lower cost sources of supply over the next six months
Procurement expenditure for defense organizations is projected to increase by an average of 75 over the next six months
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Reasons to buy
Highlights key business priorities including comparisons over the last six months thus helping defense companies to realign business strategy
Organizations can develop or adjust business expansion plans by knowing the significant growth offering emerging and developed markets highlighted in the report
Make changes in procurement budget allocations through procurement budget projections anticipated by executives for June Nov 2017
Implement effective price management strategy by viewing supplier price variations highlighted for next six months
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