BRICS Nations Defense Market Research Report: Ken Research
·
Brazil has continued putting aside a
generally relentless rate (1.5-1.6%) of GDP for defence expenditures.
·
Brazil is to incorporate 50 Eurocopter
Cougar (EC-725) medium-lift helicopters, unmanned airborne vehicles, hostile to
tank weaponry and another group of defensively covered vehicles from IVECO.
Ken
research announced its recent publication on “BRICS Nations Defense Spends on Military
Vehicles: 2016 to 2024,” which offers insights on the quantitative
upper-level view of projected spends on on Military Vehicles and vast
knowledge on the house of Strategic Defence Intelligence which outlays BRICS
Nations' projected budget allocations on Military Vehicles. The publication
incorporates the strategic outlay on individual segments which include Armored
Personal Carriers (APCs), Armored Vehicle MRO, Infantry Fighting Vehicles
(IFVs), Light Multi-role Vehicles (LMVs), Mine Resistant Armored Protected
Vehicles (MRAPs) and Tactical Trucks. The data involved in this report draws
upon Strategic Defense Intelligence's in-depth, primary research and
proprietary databases to provide you with robust, segment specific data.
Countries which are analysed in this report are Brazil, Russia, India, China
and South Africa. Moreover, the current market size and budget allocation data
is considered to understand and analyse the current landscape and forecasts to
discover the future direction of the Military Vehicles market in BRICS Nations.
Brazil,
Russia, India, China, and South Africa are indistinguishable in that, wherever
they are on their financial route as "emerging" markets and
"developing" powers with a "reinforcing" worldwide voice,
they are experiencing changes inside their military and looking for a confident
part on the world's military scene. Every one of them has seen their innovation
being redesigned and defense expenditures rising over the previous years.
Brazil has
continued putting aside a generally relentless rate (1.5-1.6%) of GDP for defence
expenditures over the previous decade. Financial development, hampered as it
may be by the 2009 emergency, proceeds over 2% for that period as indicated by
World Bank gauges - which implies military consumption is likewise developing.
Since 2005
the Brazilian defence budget plan has developed by 5 percent for each year and
the government affirmed another national defence policy in 2008 that put aside
$70 billion for reequipping the armed force. New things are to incorporate 50
Eurocopter Cougar (EC-725) medium-lift helicopters, unmanned airborne vehicles,
hostile to tank weaponry and another group of defensively covered vehicles from
IVECO.
Russia
shows an alternate case than Brazil in that unlike the monetarily ascendant
South American country it is accustomed to being viewed as a worldwide power
and hopes to be characterized all things considered. While Brazil's military
modernization exertion comes as the nation acceptance for acknowledgment among
the worldwide elite, Russia expects to hold and enhance those defence
capabilities that once empowered it to be viewed as a first-level military
power close by the U.S. It is speculated that about 10 percent of the Russian
military hardware fulfils modern standards. The novice defence plan aims to reform
the situation by tripling the proportion of new-generation equipment to 30
percent in 2015, also the need to recruit high talented officers and soldiers
for the new army again comes with a big price
tag.
The BRICs
have three things similar. Each is huge either in terms of size or in case of
population, also each has an emerging economy and each of them is undergoing a
military modernization effort aimed at preserving their strategic interests. During
all this, Europe’s strongest nations are cutting defense spending and the U.S.
defense budget is set to flat-line in the coming years, these four countries
are seeking to assert themselves on the global stage and are willing and able
to invest in improving the capabilities of their armed forces.
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Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204
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