|Market Research A to Z | Company Profiles A to Z | Register | Contact Us | Shopping Basket|
|+44 (0) 203 086 8600 Call us on|
The Italian defence market, estimated to be worth US$26.8 billion by 2013, has been forecast to record a compound annual growth rate (CAGR) of -0.03% over the next five years, to hit a market value of US$26.8 billion by 2017.
Cumulatively, US$133.6 billion is expected to be allocated to the Italian Ministry of Defence (MOD) between 2012 and 2017.
In recent years, Italy has conducted a massive transformation to streamline and professionalise its armed forces, eliminate conscription, integrate women into the service, and modernise its equipment.
The MoD has attained a number of important goals, not only the changeover to a fully professional force, but also the reform of the military chain of command, the centralisation of the direction of operations and the unification of technical-military intelligence.
The country is expected to procure transport vehicles to increase the mobility of its forces for surveillance purposes, materials armament, and technical equipment to protect the forces and increase effectiveness. Airport and port security is also expected to be heightened with CCTV cameras, biometric scanners, and other surveillance and monitoring equipment.
The economic crisis in Italy and across Europe has led to reductions in the defence budgets of many countries, including France, Greece, and Poland, which are some of the top importing countries of Italian defence products. The cuts will decrease the procurement expenditure of these countries and have a negative impact on the order book of the Italian defence industry.
As a member of the EU, the Italian government has a policy to give priority to European-manufactured defence goods, which makes it more difficult for non-European defence companies to supply to the Italian defence market.
Italian defence imports fell continuously during 2008-2010 before recording a strong growth of 326% in 2011. The huge increase in imports in 2011 is mainly due to funding of F-35 aircraft imports from the US.
The outlook for the industry suggests that with the emergence of new risks and threats, as well as the evolution of the security and defense policies of NATO and the European Union, the Italian defence market requires a further, continued transformation of its Armed Forces and of the concepts of employment.
For more information on the Italian defence market, see the latest research: Italian Defence Market
Follow us on Twitter @CandMResearch
Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support
Use our skills and global network of researchers and consultants to help find and source the business information you need.
Contact us now on 00 44 (0) 203 0868600 or "enquiries @ companiesandmarkets.com" to discuss you requirements and we can provide you with a research solution at suprisingly efficient rates and timelines.
Sometimes we can even find the information you require for free.
We are offering our clients substantial savings on the best research available during October. Please contact us either via email or by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600.