The UK is one of the largest defense markets across the world. Primarily
driven by potential threats from terrorism and peace keeping operations, the
country’s defense expenditure is expected to register a CAGR of -0.88% during
the forecast period. Despite budget cuts, the share of capital expenditure of
the MoD’s total defense budget is expected to increase to 25.60% over the
forecast period. The UK’s plans to spend about US$251.86 billion on defense
equipment and support over the next decade will present opportunities for
domestic and overseas defense companies. The defense equipment and support
expenditure is expected to be US$112.06 billion, accounting for 41.63% of the
UK’s total defense budget over the forecast period.
To Know More - Future of the UK Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2017
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