SOURCE: MarketResearch.com

MarketResearch.com

March 07, 2013 03:08 ET

Market Research Report -- China, India, and Brazil Key Markets for Defense Industry Growth to 2017

ROCKVILLE, MD--(Marketwire - Mar 7, 2013) - MarketResearch.com has announced the addition of the market research report "Global Defense Survey 2013 - Business Outlook, Key Markets and Opportunities" to their product offering.

Overall, respondents from defense organizations identified China, India, and Brazil as the top three markets expected to offer the strongest growth opportunities to the defense industry over 2013-2017.

'Budget cuts,' 'competitive pricing pressures,' and 'reverse engineering by countries like China and Iran' are the leading business concerns for the global defense industry in 2013.

Survey results reveal that respondents from defense contractors expect defense R&D budgets to decrease by -8.1% over the next five years as compared to 2012, with 69% of respondents anticipating a decline.

According to the survey results, 78%, 73%, and 56% of respondents from defense organizations identified 'cyber warfare,' 'UAVs,' and 'soldier modernization' as the most important defense segments that will show the most technological advancement over the next decade.

Survey results show that 'higher customization of service packages from suppliers,' 'international supplier certifications and quality,' and 'industry consolidation' are identified as the most significant global emerging trends in the Aftermarket Service Support and MRO area by buyers.

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About Strategic Defence Intelligence

Strategic Defence Intelligence provides a stream of continuously updated customer and competitor intelligence, as well as detailed research reports providing an unrivalled source of global information on the latest developments in the defence industry. Strategic Defence Intelligence's unique monitoring platform tracks global defence activity for over 2,500 companies and 65 product categories in real time and in a highly structured manner, giving a comprehensive and easily-searchable picture of all defence industry activity.

About MarketResearch.com

MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance. For more information, call Cindy Frei at 240.747.3014 or visit http://www.marketresearch.com.

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