Vietnamese Defense Industry Outlook Representing a CAGR of 10.95% in 2016 in Combination with Future Growth Aspects
Vietnamese Defense Industry infrastructure has seen a growth past few decades. The defense industry analysis provided by Market Research Hub will help clients knowing about concerns over regional protection, expansion of military budgets and global defense. The defense market research for the U.S. and other countries report a rise by billions of dollars expenditure on combat capabilities, force structure, and technology advancement.
Albany, NY, November 30, 2016 --(PR.com)-- A latest report has been added to Market Research Hub’s report offering, titled “Future of the Vietnamese Defense Industry - Market Attractiveness, Competitive Landscape & Forecasts to 2021.” This report offers detailed analysis of Vietnamese defense industry including its market size forecasts from 2017 to 2021. An in-depth analysis on defense budget allocation and key challenges with insights along with procurement plans expressed within the country and a breakdown of the defense budget with respect to the army, navy, and air force. The report also provide details on the key challenges faced by defense market participants within the country.
Request For Free Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=871891
Firstly, the report analyzes the current market landscape and the changes done by the government in investment. Vietnam is one of the fastest growing defense markets in the world with a military budget valued at US$5 billion in 2016. The key areas of investment are likely to be fighter and multi-role aircraft, submarines, helicopter, naval vessels and surveillance systems. The Ministry of Defense is expected to invest in Military-IT (Networking), Infrastructure Construction, MRO facilities for frigate maintenance and SSK-diesel electric submarine over the coming years. Key factors such as territorial claims in the South China Sea, Chinese naval build-up and the acquisition of modern military hardware systems to replace out-of-date and aging equipment are anticipated to drive the country’s military expenditure in the forecast period of 2012 to 2021.
It also provides a snapshot of the country’s expenditure and modernization patterns. The government’s precise military modernization plans along with its great efforts will strengthen its military capabilities. For the future market growth, the country is expected to invest US$32.1 billion for defense purposes, in which US$10.7 billion is reserved for capital expenditure to fund defense procurements. According to the research, capital expenditure of Vietnam is expected to grow at a CAGR of 8.91% over the forecast period.
Furthermore, report also provides an overview of key players and their market entry strategy, together with insights such as key associations, strategic initiatives and a brief financial analysis. Some of the top domestic and foreign defense manufacturers are listed below:
• Vietnam Shipbuilding Industry Corporation (SBIC)
• Damen Schelde Naval Shipbuilding (DSNS)
• Admiralty Shipyards
• Sukhoi
Read Full Report with Table of Content: http://bit.ly/2gxDTh3
The report allows readers to identify possible ways to enter in the market, along with full descriptions of how existing companies have entered the sector including key contracts, alliances and strategic initiatives. Porter’s five force analysis of the Vietnamese defense industry are also discussed in the report.
About Market Research Hub:
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
Contact Details:
90 State Street,
Albany, NY 12207
United States
Toll Free: 866-997-4948 (US-Canada)
Tel: +1-518-621-2074
Email: press@marketresearchhub.com
Website: http://www.marketresearchhub.com
Request For Free Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=871891
Firstly, the report analyzes the current market landscape and the changes done by the government in investment. Vietnam is one of the fastest growing defense markets in the world with a military budget valued at US$5 billion in 2016. The key areas of investment are likely to be fighter and multi-role aircraft, submarines, helicopter, naval vessels and surveillance systems. The Ministry of Defense is expected to invest in Military-IT (Networking), Infrastructure Construction, MRO facilities for frigate maintenance and SSK-diesel electric submarine over the coming years. Key factors such as territorial claims in the South China Sea, Chinese naval build-up and the acquisition of modern military hardware systems to replace out-of-date and aging equipment are anticipated to drive the country’s military expenditure in the forecast period of 2012 to 2021.
It also provides a snapshot of the country’s expenditure and modernization patterns. The government’s precise military modernization plans along with its great efforts will strengthen its military capabilities. For the future market growth, the country is expected to invest US$32.1 billion for defense purposes, in which US$10.7 billion is reserved for capital expenditure to fund defense procurements. According to the research, capital expenditure of Vietnam is expected to grow at a CAGR of 8.91% over the forecast period.
Furthermore, report also provides an overview of key players and their market entry strategy, together with insights such as key associations, strategic initiatives and a brief financial analysis. Some of the top domestic and foreign defense manufacturers are listed below:
• Vietnam Shipbuilding Industry Corporation (SBIC)
• Damen Schelde Naval Shipbuilding (DSNS)
• Admiralty Shipyards
• Sukhoi
Read Full Report with Table of Content: http://bit.ly/2gxDTh3
The report allows readers to identify possible ways to enter in the market, along with full descriptions of how existing companies have entered the sector including key contracts, alliances and strategic initiatives. Porter’s five force analysis of the Vietnamese defense industry are also discussed in the report.
About Market Research Hub:
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
Contact Details:
90 State Street,
Albany, NY 12207
United States
Toll Free: 866-997-4948 (US-Canada)
Tel: +1-518-621-2074
Email: press@marketresearchhub.com
Website: http://www.marketresearchhub.com
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Market Research Hub
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866-997-4948
www.marketresearchhub.com/
James Smith
866-997-4948
www.marketresearchhub.com/
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