Future of the Austrian Defense Industry

Summary
 

The Future of the Austrian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2019 published by Strategic Defence Intelligence, provides readers with a detailed analysis of both historic and forecast Austria defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news. 
 

Key Findings
 

• Over the review period, Austrian defense expenditure registered a growth rate of -0.64%, to reach US$2.75 billion in 2014, from US$2.82 billion in 2010
• Austria’s military expenditure, valued at US$2.75 billion in 2014, is expected to increase to US$2.93 billion by 2019, registering a CAGR of 1.86% over the forecast period
• The country’s military expenditure will be driven by the country’s participation in peacekeeping and disaster relief operations, and the acquisition of advanced defense systems
• The Defense Ministry is expected to procure fighter aircraft, air defense systems, anti-tank and anti-aircraft defense systems, and command, control, communication, computer, and intelligence systems (C4I). 

For more info : Future of the Austrian Defense Industry