DALLAS, July 30, 2013 /PRNewswire-iReach/ -- Bruneian defense expenditure registered a CAGR of 10.3% during the review period and values US$0.5 billion in 2013. The focus of the Bruneian government will be on modernization initiatives, border disputes, and the prevention of international terrorism. Romanian defense expenditure is valued at US$1.7 billion in 2013. The focus of the Romanian government will be on modernization plans constituting the procurement of more advanced military equipment with improved technology; active participation in NATO (North Atlantic Treaty Organization) along with joint operations with other countries; participation in peacekeeping missions; and participation in border security measures.
The Future of the Bruneian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018 report (http://www.rnrmarketresearch.com/future-of-the-bruneian-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2018-market-report.html) offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain a market share in the Bruneian defense industry. The research provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
This research says Brunei's defense budget is small compared to large defense spenders and even its neighboring countries. With US$0.5 billion set aside for its 2013 defense budget and projected figures of US$0.6 billion for 2018, the country will find it hard to convince investors and suppliers to treat Brunei as a preferred destination for investment. Moreover, the moderate security threat to the nation and a relatively small population do not warrant large capital or revenue defense expenditure. Consequently, the purchase of military equipment and hi-tech arms and ammunition gets affected. As a consequence of low levels of defense expenditure in the past and demand to modernize its armed forces, Brunei has procured arms directly from foreign suppliers. For instance, in January 2010, Northrop Grumman Corporation was awarded a contract to provide a joint operations center command and control capability, in February 2011 CAE won a contract to develop a state-of-the-art national modeling and simulation center. Additionally, in May 2013, Harris Corp was awarded a US$40 million contract to supply its Falcon III family of tactical communication systems to the Royal Brunei Armed Forces. Order a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=108274.
The Future of the Romanian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018 report (http://www.rnrmarketresearch.com/future-of-the-romanian-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2018-market-report.html) is the result of an extensive market and company research covering the Romanian defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news. Romania imports the majority of its defense equipment from the US, Germany, Israel, and ltaly. The US held the highest share of the total arms imports during 2008-2012 with 41.6%. The other three major import partners: Germany, Israel, and Italy collectively accounted for 50% of Romania's total arms imports during the review period. The remaining portion of imports is accounted for by Canada, Switzerland, France, Norway, and Spain. Many international defense equipment manufacturers enter the Romanian market through acquisitions and alliances. The privatization of the Romanian defense industry provides foreign OEMs with further opportunities to enter the market. Market entry through the acquisition of a domestic company is a popular entry route into the Romanian defense industry, and many companies have followed this route. Order a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=104898.
Explore more reports on the Defense Market and related segments at http://www.rnrmarketresearch.com/reports/public-sector/defense.
RnRMarketResearch.com is an online market research reports library of 350,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers. Find company profiles and SWOT analysis reports for organizations from around the globe @ http://www.rnrcompanyprofiles.com/.
Media Contact: Priyank Tiwari, RnR Market Research, +1 888 391 5441, firstname.lastname@example.org
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
- US International News
- Singapore International News
- defense industry