MarketResearchReports.com: The Global Luxury Hotels Market -Key Trends and Opportunities to 2017, New Report Launched

The Global Luxury Hotels Market - Key Trends and Opportunities to 2017, after a significant decline in 2009 and modest recovery in 2010. One of the key drivers of this growth was the increasing number of high net worth individuals (HNWIs) globally, primarily in the BRIC countries. This growth in global luxury travel is expected to continue over the forecast period to 2017.

The report provides detailed market analysis, information and insights, including:

• Historic and forecast revenue for the global luxury hotels market covering 40 countries
• Detailed region wise (Americas, Asia-Pacific, Europe, Middle East & Africa) analysis of luxury hotel key performance indicators such as the number of luxury hotel establishments, number of available luxury rooms, luxury room occupancy rate, average revenue per available luxury room and average total revenue per available luxury room for the review (2008-2012) and forecast (2013-17) periods
• Analysis of the global luxury travel market and the present scenario in the luxury hotel construction industry
• Detailed analysis of the market trends in emerging luxury hotel markets such as in the BRIC countries (Brazil, Russia, India and China)

Scope

• This report provides an extensive analysis related to the global luxury hotels market:
• Market size for the 40 major countries comprising the global luxury hotel market for 2008–2012, along with forecast figures for 2013–2017.
• Luxury hotel key performance indicators in these countries with values for both the 2008–2012 review period and the 2013–2017 forecast period

Reasons To Buy

• Take strategic business decisions using historic and forecast market data related to the global luxury hotel market
• Understand the key market trends and growth opportunities in the global luxury hotel market
• Gain strategic insights on the leading global luxury hotel companies

Key Highlights

• The global luxury travel market recorded strong growth in 2011–2012, after a significant decline in 2009 and modest recovery in 2010. One of the key drivers of this growth was the increasing number of high net worth individuals (HNWIs) globally, primarily in the BRIC countries (Brazil, Russia India and China). This growth in global luxury travel is expected to continue over the forecast period to 2017.
• Luxury hotel companies around the world are expected to focus on achieving operational efficiency, reducing spending on customer services that offer little value, developing the use of mobile technology, and targeting high-value customers. Luxury hotel companies are increasingly using mobile technology to enhance value and transforming how they interact with customers. In 2012, leading luxury hotel brands had mobile websites and offered mobile applications.
• Most leading global luxury hotel chains are based in the US, and the country is also the largest source market in the global luxury hospitality sector. Cities in the US are among the leading, and fastest-growing tourism destinations. For instance, Washington DC is one of the fastest-growing global tourism destinations, while New York is among the largest in terms of inbound tourist volumes. Other cities that continue to report good growth in the travel and accommodation industries include Chicago, San Francisco and Los Angeles.
• During the review period, the luxury hospitality sector in the Asia-Pacific region faced major challenges. Natural disasters in 2011, including the earthquake in Japan in March and unprecedented floods in Thailand, led to an overall decline in the performance of the hotel market in the region. Major economies in the Asia-Pacific region have recorded economic slowdowns over the past two years. Despite these challenges, the luxury hospitality industry in the Asia-Pacific region registered a significant growth of 18% in 2010 and 11% in 2011.
• During the review period, the European hospitality industry recorded muted growth, led by uncertainty due to the sovereign debt crisis. However, major cities in Western and Central Europe and the Nordic countries continued to see growth. Higher growth was recorded in 2011 as compared to 2010, despite the economic uncertainty in Europe. In Western Europe in particular, the luxury hospitality segment achieved growth of 9% in 2011. The European region experienced an overall increase in RevPAR and ADR in 2012, although the occupancy rate is expected to remain largely unchanged in 2013.
• Over the forecast period, occupancy-related KPIs are expected to improve as compared to the review period as political issues are resolved. Rises in ADR are expected for most hospitality industries, albeit at varied growth rates. Increases in tourism from emerging markets such as China are expected to increase ADR for popular tourist destinations such as Dubai over the forecast period.

Find all Travel and Leisure Market Research Reports under a single page.

Spanning over 158 pages, 41 tables and 61 figures, “The Global Luxury Hotels Market - Key Trends and Opportunities to 2017” report provides information on market overview, drivers and challenge, competition and key trends.

In addition to covering the Executive Summary, Global Luxury Travel Market – Key Trends and Issues, SWOT, Trends and Issues, Global Luxury Hotel KPIs – the Americas, Asia-Pacific, Europe, Middle East and Africa, Global Luxury Hotel Profiles, Global Luxury Hotel Markets – BRIC Countries.  The report covers 10 companies- InterContinental Hotels Group PLC, Shangri-La Asia Limited, Hyatt Hotels Corporation, Starwood Hotels & Resorts Worldwide, Inc., Marriott International, Inc., Hilton Worldwide, Inc., Accor SA, Wyndham Worldwide Corporation, Rezidor Hotel Group AB, Choice Hotels International, Inc.

MarketResearchReports.com: Global Concrete and Cement Market – Key Trends and Opportunities to 2017, New Report Launched

The Asia-Pacific region was the largest regional market, while Europe and North America were the second- and third-largest regional markets. A protracted economic recovery in the US and continuing uncertainty in the Eurozone are expected to reduce the market shares of these regions over the forecast period. Developing economies in Asia-Pacific, especially China, India and Indonesia, are expected to support the expansion of the concrete and cement markets, due to the rapid development of infrastructure and an increase in residential construction.

The global concrete and cement market was valued US$449.4 billion in 2012 of which Asia-Pacific was the largest market valued at US$261.1 billion i.e. 58.1% of global market.

For more information visit: Global Concrete and Cement Market – Key Trends and Opportunities to 2017

This report provides detailed market analysis, information, trends, issues and insights into the global concrete and cement market, including:

• The regional and global concrete and cement market’s growth prospects by category.
• Analysis of the Asia-Pacific, Middle East, North America, Latin America and Europe markets separately with country level data.
• Critical insight into the impact of the market through comparative analysis of country level data.
• Company profiles of key companies operating in the concrete and cement industry.

This report provides a comprehensive analysis of the concrete and cement market globally:

• Values for the Portland cement, Ready-mixed concrete, Prefabricated structural components, Cement clinker, Factory-made mortars, Other hydraulic cements, Refractory cements, mortars and concretes categories
• Breakdown of values at the country level (44 countries)
• Analysis on key events and factors driving the construction concrete and cement market globally

Reasons To Buy

• Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level via review data and forecasts at category and country level.
• Understand the latest industry and market trends.
• Formulate and validate business strategies by leveraging our critical and actionable insight.
• Assess business risks including cost and competitive pressures.

Key Highlights

• The Asia-Pacific concrete and cement market valued US$261.1 billion in 2012, recording a CAGR of 14.78% during the review period, outperforming all other regional markets. China constituted the largest share of the regional market, with a 71.4% share in 2012.
• With a value of US$193.9 billion and a 43.2% market share in 2012, Portland cement was the largest category in the global concrete and cement market. Ready-mix concrete was the second-largest category in 2012.
• In terms of growth, refractory cements, mortars and concretes is expected to be the fastest-growing category in the global concrete and cement market over the forecast period, with a CAGR of 9.62%.
• A sharp decline in the demand for Chinese products means that net exports have ceased to be the driving force behind the Chinese economy. Furthermore, debt and investment-fueled economic growth has accelerated the Chinese total debt-to-GDP ratio; development that will force the Chinese to reduce spending on infrastructure and manufacturing capacity.
• The Indian construction industry is also experiencing subdued growth, with developers in the commercial and residential property space likely to struggle due to difficulties in land acquisition and securing environment clearances. However, the general outlook for construction activity in China and India over the forecast period is positive. Construction activity will be driven by demand side factors such as growth in nuclear families, urbanization, an increase in disposable income and the urgent need to support investment in physical infrastructure.
• The European economies are struggling to find a balance between austerity and economic growth. While the region is expected to remain under stress for the rest of 2013, domestic investment and demand are expected to improve in 2014, strengthening GDP growth. Russia, which is Europe’s second-largest construction market after France, is expected to be the main source of future growth in the region.
• Activity in the US is slowly regaining pace due to a surge in private residential construction, especially multi-family housing. However, recovery is expected to be gradual due to anticipated spending cuts to be imposed by the government from 2013.

Spanning over 173 pages, 246 tables and 114 figures, “Global Concrete and Cement Market – Key Trends and Opportunities to 2017” report provide historical (2008-2012) and forecast (2013-2017) valuations of the construction aggregates market in Asia-Pacific, Middle East, Europe, North America and Latin America. Find all Industry and Manufacturing market research reports under a single page.

In addition to covering the Executive Summary, Concrete and Cement Market Analysis, Global Concrete and Cement Market, North American Concrete and Cement Market, European Concrete and Cement Market, Asia-Pacific Concrete and Cement Market, Latin American Concrete and Cement Market, Middle East Concrete and Cement Market, Company Profile: Lafarge SA, Company Profile: Cemex, S.A.B. de C.V., Company Profile: China National Materials Co., Ltd, Company Profile: Holcim Ltd, Company Profile: HeidelbergCement AG. The report covers 5 companies- Lafarge SA, Cemex, S.A.B. de C.V., China National Materials Co. Ltd, Holcim Ltd, HeidelbergCement AG.

Find all Construction market research reports under a single page.

MarketResearchReports.com: Income Protection and Critical Illness Insurance in the UK, Key Trends and Opportunities to 2017, New Report Launched

The New business premiums in the income protection and critical illness insurance market in United Kingdom grew by 14.5% in 2012, which coincided with an increase in mortgage sales. However, the income protection gap in the UK has remained significant, rising by 46% between 2002 and 2012. The income protection and critical illness market recorded a decline of 14.6% in 2008, with new business premiums falling by 24.4% in 2009. The recession has affected household finances, reducing the demand for discretionary income protection and critical illness policies.

The fall in mortgage lending from 2008 onwards was accompanied by a decline in the sale of income protection and critical illness policies, usually taken out by homebuyers. Nevertheless, insurers delivered a steady volume of new business in the income protection and critical illness market during the review period.  The critical illness category accounted for 48.3% of the total new business premiums, while income protection represented 31.2%. Income protection dominated group policy sales, accounting for 81.0% of group new business premiums in 2012. The group critical illness sub-category achieved significant growth of 99.2% between 2008 and 2012, with its share in total group new business premiums rising from 6.0% to 19.0% in the same period. For more information visit: Income Protection and Critical Illness Insurance in the UK, Key Trends and Opportunities to 2017

The report provides market analysis, information and insights into the UK income protection and critical illness insurance business. The report provides:

• A snapshot of market size and market segmentation
• Comprehensive analysis of claims, market drivers and market outlook
• Analysis of distribution channels for income protection and critical illness insurance products in the UK
• Deals, news and regulatory developments
• Detailed analysis of competitive landscape and key product features

Scope

• It provides historical values for the UK’s income protection and critical illness market for the report’s 2008–2012 review period and forecast figures for the 2013–2017 forecast period
• It offers estimates of new business premiums collected in the income protection and critical illness segment
• It analyses the key features of income protection and critical illness products
• It provides an overview of claims, market dynamics and market drivers
• It discusses various distribution channels for income protection and critical illness insurance products in the UK
• It profiles top protection providers in the UK and outlines the key regulatory changes affecting them

Reasons To Buy

• Gain an understanding of the UK income protection and critical illness market size
• Explore the market dynamics across income protection and critical illness categories
• Learn about the performance of claims, market drivers and distribution channels
• Understand the competitive landscape and key product offerings
• Find out more about key deals and recent developments in the market

Key Highlights

• Income protection and critical illness market delivers steady performance as protection gap widens
• Income protection and critical illness products will continue to increase their presence
• Stable claim payouts are expected to rebuild consumer trust in the industry
• Advisors will shift their attention towards protection business in the post-RDR world
• Regulatory changes will bring further uncertainty
• Premium growth is expected to settle at 4.3% by 2017

Spanning over 79 pages, 36 tables and 30 figures, “Income Protection and Critical Illness Insurance in the UK, Key Trends and Opportunities to 2017” report provides a comprehensive analysis of the income protection and critical illness market in the UK. Find all Banking and Finance Market Research Reports under a single page.

In addition to covering the Introduction, Market Analysis, Competitive Landscape, Porter’s Five Forces Analysis, Deals, News, Regulation and Compliance, Economic Backdrop, Company Profiles, Statistics. The report covers 10 companies- Aegon UK Plc, Aviva Plc, HSBC Holdings Plc, Legal & General Group, Liverpool Victoria Group, Lloyds Banking Group, Partnership Life Assurance Ltd, Royal London Group, Unum Group, Zurich Financial Services Ltd. 

MarketResearchReports.com: Operational Efficiency in Non Life Claims, New Report Launched

Globally, non-life insurance companies have been registering increasing payouts on account of claims. To deal with this situation, non-life insurers have been taking measures to make their claims management processes more efficient to reduce claim payouts and to curb claims-handling expenses. Non-life insurers are employing advanced technologies to improve their claims management processes. One of these technologies is integrated claims management systems (ICMSs).

Non-life insurers have been implementing ICMSs to ensure that they can keep in contact with customers through the customers' preferred devices. ICMS are also being employed to gain a clearer view of claims data, which will help in identifying fraudulent activity. Non-life insurers have also been using predictive analytics to determine specific choices at the time of claims processing and to determine the long-term business potential of customers so that they can be provided with a better claims service. For more information visit: 2020 Foresight Report: Operational Efficiency in Non-Life Claims

The report provides information and insights into the key technologies driving operational efficiencies in claims handling processes in the non-life insurance segment across the world. It also provides an in-depth analysis of the role that some of the key regulations across the world are playing in improving claims management operations. The report provides:-

• Intensive analysis of the key technologies playing a pivotal role in enhancing the operational efficiencies in non-life claims in terms of reducing claims resolution time, claims handling expenses and increased identification of fraud
• Comprehensive picture of the key trends, drivers and challenges related to the above technological trends and case studies illustrating the impact of these technologies
• Detailed assessment of how some of the important regulations across the world are impacting claims processing efficiencies
• Insights into how changing economic fortunes impact non-life claims

Scope

• It details the claims ratios registered by some of the important non-life insurance segments across the world.
• It analyses the role being played by some of the important regulations across the world in improving non-life claim processing efficiencies.
• It analyses the impact that economic downturns can have on non-life insurance claims.

Reasons To Buy

• Gain insights into the latest technologies that are being adopted by non-life insurers to improve efficiencies in claims management.
• Be informed of the performance of key non-life insurance markets across the world in terms of their claims ratios.
• Comprehend how some of the key regulations across the world have been influencing non-life insurers to improve their claims management efficiencies.
• Understand how economic downturns can lead to an increase in non-life insurance claims .

Key Highlights

• Integrated claims management systems, predictive analytics, mobile devices, claims document and content management systems, straight-through processing and telematics are the important technologies being employed by non-life insurers to improve operational efficiencies in handling claims.
• The above technologies are mainly helping non-life insurers to reduce the claims resolution time, the expenses related to claims processing and payouts on account of fraudulent claims.
• The US’s Patient Protection and Affordable Care Act (PPACA) has been making non-life insurers improve their claims management efficiencies by increasing the competition through establishment of health insurance exchanges and by restricting the proportion of premiums that can be spent on, among others, claims handling expenses.
• Solvency II is being instrumental in the improvement of claims management efficiencies of non-life insurance companies by linking capital adequacy to, among others, claims-related risks.
• The claims ratios of several key non-life insurance markets are increasingly being adversely impacted due to the occurrence of natural catastrophes.
• At the times of economic downturns, there is an increase in payouts on account of fraudulent claims in the non-life insurance segment, especially in developed countries.

Spanning over 50 pages, 2 tables and 11 figures, “2020 Foresight Report: Operational Efficiency in Non-Life Claims” report provides a detailed analysis of some of the key technologies that are being adopted to improve operational efficiencies in the processing of non-life insurance claims. Find all Banking and Finance Market Research Reports under a single page.

In addition to covering the Global Snapshot, Functional and Operational Impact of Regulations on Non-Life Claims, Technology Trends in Non-Life Claims, Integrated Claims Management Systems, Claims Document and Content Management Systems, Market Dynamics Related to Economic Risk. The report covers 9 companies- Santam Insurance, IBM, Discovery Health, BITanium, ICICI Lombard General Insurance Company, Aetna International, Insurethebox, Co-operative Insurance, Hiscox Ltd.

Find all Insurance market research reports under a single page.

MarketResearchReports.com: Travel and Tourism in India to 2017, New Report Launched

India’s real GDP growth fell to a 10-year low of 5.1% in 2012–2013 from 6.2% in 2011–2012, primarily due to declining investment, elevated inflation, high interest rates and sluggish external demand.

The number of hotel establishments in India rose from 2,520 in 2010 to 2,697 in 2012, and is expected to reach 3,675 by the end of 2017

The report provides detailed market analysis, information and insights, including:

• Historic and forecast tourist volumes covering the entire Indian travel and tourism sector
• Detailed analysis of tourist spending patterns in India
• The total, direct and indirect tourism output generated by each category within the Indian travel and tourism sector
• Employment and salary trends for various categories in the Indian travel and tourism sector such as -accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others
• Detailed market classification across each category with analysis using similar metrics
• Detailed analysis of the airline, hotel, car rental and travel intermediaries industries

Scope

This report provides an extensive analysis related to tourism demands and flows in India:

• It details historical values for the Indian tourism sector for 2008–2012, along with forecast figures for 2013–2017
• The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in India
• It provides employment and salary trends for various categories of the travel and tourism sector
• It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries with values for both the 2008–2012 review period and the 2013–2017 forecast period

Reasons To Buy

• Take strategic business decisions using historic and forecast market data related to the Indian travel and tourism sector
• Understand the demand-side dynamics within the Indian travel and tourism sector, along with key market trends and growth opportunities
• Identify the spending patterns of domestic, inbound and outbound tourists by individual categories
• Analyze key employment and compensation data related to the travel and tourism sector in India

Key Highlights

- Inbound tourism in India recovered after a brief decline due to the financial downturn in 2009, and domestic and outbound tourism registered healthy growth during the review period. Tourism has a significant impact on the country’s economy: according to the World Travel and Tourism Council (WTTC), tourism contributed 6.6% to the country’s GDP in 2012 and accounted for 7.7% of total employment. India is continually developing its infrastructure, with improvements in both air and ground transport.

- The number of hotel establishments in India rose from 2,520 in 2010 to 2,697 in 2012, and is expected to reach 3,675 by the end of the forecast period. India has the second-largest construction pipeline of hotels in Asia after China, with the Indian government providing support by allowing 100% foreign investment under the automatic route in the hotel and tourism-related industry.

- A major concern for the tourism sector is the lack of security faced by domestic tourists, with reported cases of physical assault, robbery and sexual harassment. These kinds of incidents damage the potential for tourism growth.

- The government of India has undertaken various promotional initiatives to achieve growth in inbound tourist flows to the country. Advertising campaigns such as ‘Incredible India‘ promote Indian culture and history.

- The AAI is undertaking the construction of a new terminal at Chandigarh International Airport. The project involves the construction of a new terminal with the annual capacity to handle 1.5 million passengers. It includes the construction of check-in halls, a ticket area, security screening areas, a baggage claim room, walkways, taxiways and other related facilities. The project will have three two-deck terminal buildings, with departures from the upper level and arrivals at the ground level. Construction works are currently underway and the project is expected to be completed by the fourth quarter of 2014 at an estimated value of US$80 million.

- The Gandhinagar Five-Star Hotels project involves the construction of two five-star hotels and a club under the Gujarat International Finance Tech City (GIFT) project. The project will be developed in two phases and will comprise 700 guest rooms. The first hotel will be developed with 300 guest rooms in phase I and is expected to be completed by 2013, while the second hotel in phase II will feature 400 guest rooms and is expected to be completed by 2015. The estimated project cost is US$220 million.

- To fortify their positions in the market, car rental companies typically use promotional tools such as deals and discounts, value-added services and internet marketing. They also use technology such as satellite navigation/GPS and digital meters with credit/debit card swipe machines to attract customers. Avis provides Jet Privilege members with special offers so that they can save up to 25% on services in India.

- The online travel intermediaries market is still in a developmental stage. However, its revenue growth indicates that it is a rising market and one that could potentially dominate the industry in years to come.

Spanning over 167 pages, 137 tables and 82 figures, “Travel and Tourism in India to 2017” report provides comprehensive analysis of travel and tourism demand factors with values for both the 2008–2012 review period and the 2013–2017 forecast period.

Find all Food and Beverages market research reports under a single page.

In addition to covering the Market Overview, Tourism Flows, Airlines, Hotels, Car Rental, Travel Intermediaries, Tourism Board Profile, Airport Profiles, Company Profiles – Airlines, Company Profiles – Hotels, Company Profiles – Car Rental, Company Profiles – Travel Intermediaries, Market Data Analysis. The report covers 20 companies- Jet Airways (India) Limited, SpiceJet Limited, Air India Ltd., IndiGo Airlines Pvt. Ltd, Go Airlines (India) Ltd., The Indian Hotels Company Limited, EIH Limited, Hotel Leela Venture Limited, Oriental Hotels Ltd., ITC Hotels, MakeMyTrip Limited, Thomas Cook (India) Limited, Yatra Online Private Limited, Cox & Kings Limited, Travel Corporation (India) Limited, Carzonrent India Pvt., Ltd, Sixt Rent a Car India, Avis India, My Taxi India, Car Rental 2 India.

Find all Tourism and Travel market research reports under a single page.

Future of the Ukrainian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018, New Report Launched

Future of the Ukrainian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 report provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

This report offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Ukrainian defense industry.

What is the current market landscape and what is changing?

Ukraine, Europe's second-largest country, is anticipated to invest US$22.7 billion to strengthen its armed forces during the forecast period. The country's total defense expenditure, which recorded a CAGR of 4.26% during the review period, is expected to record a CAGR of 20% over the forecast period. This expected increase is primarily the result of the country's security and defense forces transformation strategy adopted by Ukraine in 2013. The first phase of the defense transformation extends upto 2017 and the second phase upto 2023. Other factors contributing to the increase in defense expenditure are growing tension between Ukraine and Russia, the modernization of existing weapon systems, and participation in international peacekeeping missions. Also, as a percentage of GDP, Ukraine's defense expenditure is expected to increase from 1.05% in 2013 to 2.4% by 2018, in accordance with the country's security and defense transformation strategy. The country's homeland security expenditure is projected to record a CAGR of 8.11% over the forecast period, a consequence of an increase in organized crime and maritime security threats.

What are the key drivers behind recent market changes?

Conflict with Russia, military modernization, and the upgrade of existing systems to drive defense expenditure.

What makes this report unique and essential to read?

Reform and development program of the armed forces, tensions with Russia, acquisition of new military hardware systems, and participation in peacekeeping missions expected to drive Ukrainian defense expenditure.

Key Features and Benefits

• The report includes trend analysis of imports and exports, together with their implications and impact on the Ukrainian defense industry.
• The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
• The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
• The report helps the reader to understand the competitive landscape of the defense industry in Ukraine. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues

Although Ukraine is expected to invest a total of US$22.7 billion in its armed forces over the forecast period, an average of 19.2% of this total is expected to be invested in the modernization of the country's defense equipment, limiting the opportunities available for both foreign OEMs and domestic defense companies. Additionally, despite Ukraine offering skilled labor at a lower cost than the majority of European countries, foreign OEMs are unable to make significant investments in the country's defense industry due to the prohibition of FDI in defense. With the exception of the government's military modernization plans, expansion of the country's domestic defense industry has been postponed in the wake of the global financial crisis. This lack of commitment to defense innovation increases the reluctance of foreign investors to enter the industry. However, the country has initiated a defense transformation program to be implemented in two phases (upto 2017 and upto 2023) and UAH131 million (US$16.3 billion) has been allocated for the first phase. The defense modernization plan is expected to increase Ukraine's market attractiveness in the coming years.

Despite possessing both a strong technological base and skilled labor, the Ukrainian defense industry has so far been unable to produce modern technological hardware such as advanced fighter planes, submarines, and warships. Instead, growth of the country's domestic defense industry has stalled as the majority of reforms to modernize the country's defense industry have been postponed, while only 20% of state-run programs for the development of the country's defense complex were implemented in 2010. In 2009, the defense complex of Ukraine received very few orders and the country did not have the financial resources to revamp its production facilities. Furthermore, in 2009, the Ukrainian government owed the domestic defense industry US$400 million. As a result of these factors, Ukraine's domestic defense industry is unable to improve its infrastructure and enhance its capabilities. Almost half of the country's defense facilities do not fulfill modern strategic requirements and need revamping. However, in 2013, the country's defense industry started to see profit. Ukraine's state defense holding company, UkrOboronProm, that unites 125 domestic defense enterprises registered profits of US$51.2 million in the first half of 2013. Coupled with the budget funding from the country's newly started defense transformation program, Ukraine may improve its defense infrastructure in the forecast period.

Key Highlights

Reform and development program: Ukrainian defense expenditure is expected to driven by reform and development program of its armed forces. The transformation of Ukraine's security and defense sector will be implemented in two stages - the first stage up to 2017 and the second stage up to 2023. In 2013, the Ukrainian Cabinet approved the Army reform state program 2013-2017, with an aim of transforming its defense forces into a fully professional Army, similar to the modern European armed forces that are small in number but well-trained and well-equipped. The Ukrainian Minister of Defense allocated UAH131 billion (US$16.3 billion) for reforms of the armed forces up to 2017. Ukraine plans to achieve its transformation goals by reducing the number of personnel without compromising the country's fighting capacity. Ukraine is expected to increase the fund allocation towards capital expenditure and training up to 2023.

Organized crime: Criminal activity such as the illegal drugs trade, human trafficking, robbery, thefts, murders, street crime, and cybercrime is rapidly increasing in Ukraine. The crime situation in Ukraine is worsened due to corruption within the government and insufficient law enforcement. Although Ukraine is not a major consumer or producer of drugs, a large number of illegal substances are trafficked through the country to Central and Western European countries such as Germany, France, Spain, and the UK. Before entering Ukraine, these drugs are trafficked from Afghanistan and pass through Russia, the Caucasus, Turkey, Romania, Moldova, and Poland. Drugs rings also commonly utilize Ukraine's seaports and rivers as part of the “Balkan Route” for smuggling drugs into Western European countries. In order to control increasing levels of drugs smuggling, the Ukrainian government is expected to invest in explosive detection systems (EDS) including trace chemical detectors (TCD) capable of tracing drug residue, and machines with the capability to screen items through the use of X-rays or millimetric wave imaging.

As a direct consequence of the global economic crisis, Ukrainian arms exports registered a decline in 2008-2009. However, in 2010, it regained momentum and registered a 36% growth over 2009. During 2008-2012, the country's defense exports registered a CAGR of 38.34%. Ukrspecexport, which is Ukraine's state-owned arms exporter, and its subsidiaries saw sales increase by 2% over 2011 to value US$1.02 billion in 2012. As domestic procurement is negligible, Ukraine's domestic defense industry is heavily dependent on arms exports. The country is expected to export weapons worth more than US$5 billion over the forecast period.

Spanning over 132 pages, 42 tables and 78 figures, “Future of the Ukrainian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018” report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

In addition to covering the Executive Summary, Market Attractiveness and Emerging Opportunities, Defense Procurement Market Dynamics, Industry Dynamics, Market Entry Strategy, Competitive Landscape and Strategic Insights, Business Environment and Country Risk. The report covers 4 companies- Antonov ASTC, RPC Fort, KMDB, Malyshev Plant.

Find all Defence market research reports under a single page.

MarketResearchReports.com: Greek Ministry of Defense (MoD) is planning to spend US$9.6 billion in next 5 years, Reveals New Report

Future of the Greek Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 report provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

This report offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Greek defense industry.

What is the current market landscape and what is changing?

Greece is one of the largest importers of arms in Europe and, of all the EU nations, allocates a high percentage of its GDP for defense purposes, making it one of the most sought after markets for foreign OEMs. Despite the weakness of its financial sector, both the country's minimal domestic defense capabilities and the threat of the Turkish military have driven Greece to continue to invest in defense, with particular focus on fighter jets, submarines, missile systems and armored vehicles. The country primarily imports arms from EU nations and the US, and is assisting in the development of the domestic industry by sub-contracting deals achieved through defense offset obligations. Over the forecast period, the Greek Ministry of Defense (MoD) is estimated to allocate a cumulative of US$9.6 billion for the procurement of military equipment. In 2013, the country invested US$2.6 billion on homeland security (HLS), as part of its alignment with the international guidelines regarding the introduction of the biometric identification of citizens and travelers. Consequently, Greece is expected to make significant acquisitions in order to implement biometric profiling. The forecast period opportunities for foreign OEMs include the provision of fighter jets, jet trainers, armored vehicles, missile systems and maritime patrol aircraft.

What are the key drivers behind recent market changes?

Conflict with Turkey, military modernization, and the upgrade of existing systems to drive defense expenditure

Key Features and Benefits

• The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
• The report includes trend analysis of imports and exports, together with their implications and impact on the Greek defense industry.
• The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
• The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
• The report helps the reader to understand the competitive landscape of the defense industry in Greece. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues

 In 2013, Greece allocated 2.3% of its GDP to defense expenditure, a figure that represents high GDP allocation among EU members. In addition, the country is the largest importer of arms in the EU region. Defense procurements are structured into five year programs, and frequently the allocated budget for a future five year program is used to pay the debts incurred during the current program, a method that results in escalating defense budget deficits. Greece is currently concentrating on the reduction of its defense allocation as a percentage of GDP, in order to reach the recommended EU level of 2%. This reduction is expected to affect the country's procurement plans, which will result in a considerable amount of cancellations, postponements or size decreases. It may also result in the country defaulting on payments for on-going contracts, for example in the case of the submarine procurement from German company Howaldtswerke Deutsche-Werft (HDW). To effectively offset the reduction in military budget, the Greek government has to focus on both the optimization of procurements and the reduction of operation costs by decommissioning aging systems.

Greece is involved in a long standing territorial dispute with Turkey, over the Cyprus region and a maritime boundary in the Gulf of Aegean. The Air Forces conduct drills in each other's airspace and the situation has twice nearly escalated in to an armed conflict. A significant differentiating factor in the arms race between these two countries is that Turkey is in an economically stronger position than Greece, and is therefore able to fund an increased level of acquisitions. In contrast, Greece has a small economy with very high budget deficits, which has resulted in the country's high level of GDP allocation for defense and this method affects other essential sectors. However, the bailout terms outlined by the IMF and the EU following the country's financial crisis will force Greece to reduce defense expenditure allocations. While this policy appears logical in the effective reduction of deficit, the simultaneous maintenance of military balance and the successful management of a reduced budget will be a key challenge for the country over the forecast period.

Key Highlights

Greece and Turkey are involved in a long-standing territorial dispute in the Cyprus region, and are also engaged in a sovereignty rights issue in the Gulf of Aegean. On two occasions during the 1970s, the countries came close to an armed conflict and, consequently their military procurements are much in line with one another. Turkish aircraft often conduct mock drills in the disputed air space over the Gulf of Aegean, which results in Greek forces shadowing the Turkish jets. Historically, Greece's high levels of weapons procurement have solely been driven by its perception of Turkey as its primary external threat. This perception has also driven the country to maintain one of the highest GDP defense expenditure percentages. The two countries have improved trade and diplomatic relations in recent years; however, both continue to make significant arms imports.

The Greek territorial sovereign consists of mainland, a peninsula and about 3,000 islands, with 9,300 miles coastline. Greece has 120 cargo and passenger ports and its geographical situation significantly drives sea border patrol, and has resulted in the country placing an increased focus on maritime surveillance. With proximity to several countries in Europe, Asia-Pacific and Africa, Greece is considered to be a gateway for Europe and is plagued by illegal migration. The US$2.3 billion European Border protection fund for the 2007-2013 cycle has driven the procurement of biometric systems for the identification of travelers through the country.

Greek arms imports accounted for 4.9% of global arms transferred in 2009, and the country was the largest importer of defense systems in the European and Central Asian region. During 2010-2012, the debt crisis and restrictions imposed by the EU impacted the country's defense imports. High defense imports in 2009 were fuelled by both the license to purchase four German Type-214 submarines worth US$2.5 billion, to be assembled in Greek shipyards, and the purchase of F-16C Block-50/52 fighter jets from the US, worth US$2 billion.

Spanning over 113 pages, 41 tables and 65 figures, “Future of the Greek Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018” report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

In addition to covering the Executive Summary, Market Attractiveness and Emerging Opportunities, Defense Procurement Market Dynamics, Industry Dynamics, Market Entry Strategy, Competitive Landscape and Strategic Insights, Business Environment and Country Risk. The report covers 9 companies- Hellenic Aerospace Industry S.A., Hellenic Defence Systems S.A., Interoperability Systems International Hellas S.A. (ISI Hellas), Hellenic Shipyards S.A., SSMART S.A., Signaal Hellas, Theon Sensors, Ordtech Military Industries (OMI), Intracom Defense Electronics (Intracom).

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MarketResearchReports.com: US homeland security market expected to reach US$65.3 billion in 2018, Reveals New Report

This report is the result of publisher extensive market and company research covering the US defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

The Future of the US Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the US defense industry.

What is the current market landscape and what is changing?

The US is the world's leading defense market, with a defense budget of US$613.9 billion in 2013, and is expected to remain at the top defense spenders table over the forecast period. Although funding for overseas operations is estimated to decrease, the country's base military expenditure is expected to increase at a CAGR of 1.93% over the forecast period. Plans for acquisition of advanced defense equipment coupled with replacement of old and obsolete equipment are projected to drive the country's capital expenditure presenting growth opportunities for the defense equipment and technology suppliers, despite looming threat of budget cuts and sequestration. Sequestration will not terminate or affect the existing contracts, but only affect the DoD's future contracts and the number of equipment to be procured under these contracts. Still, the US market is estimated to retain its attractiveness for foreign defense companies and new entrants, which can enter the market through joint development or strategic alliance with or acquisition of domestic players. The US government's encouragement of foreign direct investment (FDI) in defense sector will also help foreign companies in entering the market. The homeland security market of the US is expected to be driven by missions such as preventing terrorism and enhance security; securing and manage borders; enforcing and administering immigration laws; safeguarding and securing cyberspace; as well as ensuring disaster resilience. During the forecast period, the US is expected to invest in homeland security products such as surveillance equipment, and cutters and patrol vessels, and the budget of the US is expected to increase from US$60.7 billion in 2013 to US$65.3 billion in 2018, registering a CAGR growth of 2.15%.

What are the key drivers behind recent market changes?

Rebalancing of Asia- Pacific, turbulent Middle East, modernization and replacement of obsolete equipment, are expected to drive defense spending

What makes this report unique and essential to read?

The Future of the US Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits

• The report includes trend analysis of imports and exports, together with their implications and impact on the US defense industry.
• The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
• The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
• The report helps the reader to understand the competitive landscape of the defense industry in The US. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues

2011 Budget Control Act (BCA) has set a cap on total national defense budget funding, starting with US$546 billion in 2013 and reduced it by US$54.3 billion each subsequent year. BCA necessitated the US Department of Defense (DoD) to take-up US$487 billion of reductions in its expenditure over the period of 10 years. Sequestration, if allowed to go into effect, would alter virtually every aspect of DoD's planning. It would force a uniform reduction in budget authority of approximately 10.3% across all accounts other than military personnel. Sequestration does not affect defense budget funding that has already been obliged, but only affects DoD's ability to award new contracts and exercise option on existing contracts. While sequestration will reduce funding for nearly all acquisition programs across DoD, it will not directly terminate programs. An across-the-board reduction will force DoD to renegotiate many contracts to be able to buy in smaller quantities since less funding will be available.

The US must modernize its aging fleet of equipment, such as fighter aircraft, helicopters, land defense systems, and maritime equipment; however, the rising unit cost of defense systems poses a challenge to procurement funding. The cost of military hardware is increasing due to technological advancements and a shortage of skilled labor in the design, engineering, and manufacturing sectors, coupled with the rising cost of input materials such as metal. In addition, the per-unit overhead costs at production facilities increased due to a reduction in the number of units manufactured; for example, in the shipbuilding industry the cost of constructing ships has been increasing 1.4% per year faster than the price of final goods and services in the US economy. The US government has reduced the amount of military hardware to be procured, resulting in a reduction in the number of units to be produced, a loss in profits, and increasing unemployment in such sectors.

With the US aiming to reduce the country's defense expenditure by US$60 billion during 2013-2018, and rising personnel and health costs, the country's capital expenditure on defense is anticipated to decrease. Furthermore, the government encourages companies throughout the defense market to increase the efficiency of the organizations and sell unprofitable units. In addition, reverse engineering by countries like China and Iran will enable the defense companies of these countries to offer defense equipment at lower price, posing a challenge to the domestic defense companies of the US. According to publisher Defense Industry Business Outlook 2013-2014 survey, 43% of respondents from the North American region agree that the reverse engineering from countries is the biggest concern for the defense industry in the coming five years, and as a result, defense companies will be compelled to take greater risks and accept lower profits on the limited number of available government contracts. Due to a combination of the above factors, unemployment is expected to increase, negotiations with suppliers and customers will become tense, and efforts to reduce expenses will increase across the board. Companies such as Lockheed Martin and Northrop Grumman have already taken strategic steps, such as the sale of unprofitable units and redundancy packages for senior managers, in order to reduce executive payrolls.

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Key Highlights

Rebalancing of Asia-Pacific: Post decade-long wars in Afghanistan and Iraq the US shifted its defense strategic focus towards the region with potential to pose threat to its economy and superpower status. Growing might of Chinese military and its assertiveness in regional disputes in the recent years have grabbed the attention of the US. The US considers China to possess the capability of affecting its superpower status both economically and militarily. Chinese investments in fifth generation aircraft, cyber warfare, anti-aircraft and anti-ship weaponry, aircraft carriers, submarines, and ballistic missiles pose a potential threat to US power projection capabilities in the Pacific. Another potential threat for the US is North Korea, which is perceived to be trying to achieve nuclear capability. The country also believes that North Korea is actively pursuing the development of thermonuclear weapons such as hydrogen bombs in which plutonium and uranium are combined for a higher energy yield.

Following the 9/11 attacks, the US reorganized and integrated its federal agencies and created the Department of Homeland Security (DHS) for the purpose of building a strengthened homeland security enterprise and to be equipped to counter a range of threats. The DHS's expenditure is expected to driven by the mission areas such as preventing terrorism and enhancing security, securing and managing its borders, and safeguarding and securing Cyberspace. Preventing Terrorism and enhancing security: DHS's top priority mission area is preventing terrorism on its land and enhancing the security. DHS's counterterrorism responsibilities focus on preventing the unauthorized acquisition, importation, movement, or use of chemical, biological, radiological, and nuclear materials and capabilities within the United States; and reducing the vulnerability of critical U.S. infrastructure and key resources, essential leadership, and major events to terrorist attacks and other hazards. Recent Boston Marathon bombings have re-imposed the need of counter terrorism measures and the country is expected increase fund allocations for this purpose.

The US has a highly developed defense industry that is capable of fulfilling the majority of domestic military requirements, and the nation is also the largest global exporter of defense equipment due to its highly advanced defense industrial base. Despite this, the US has become increasingly open to importing arms goods from foreign defense equipment suppliers in the UK and Canada, and consequently, arms imports registered a steady increase during the review period; the majority of imports consist of subsystems and components for aircraft and armored vehicles. Although global military expenditure registered a decline in 2009 due to the global economic slowdown, US defense exports continued to grow that year; the largest consumers of US defense goods during 2008-2012 were South Korea, Australia, and the UAE. While the country exports all types of defense equipment, the majority consists of fighter aircraft, missile defense systems, armored vehicles, engines, and sensors.

Spanning over 231pages, 62 tables and 110 figures, “Future of the US Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018” report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

In addition to covering the Executive Summary, Market Attractiveness and Emerging Opportunities, Defense Procurement Market Dynamics, Industry Dynamics, Market Entry Strategy, Competitive Landscape and Strategic Insights, Business Environment and Country Risk.  The report covers 13 companies- Lockheed Martin, Raytheon, General Dynamics, Boeing, L-3 Communications Corp, Northrop Grumman Corp, Science Application International Corp. (SAIC), Honeywell, International Inc, Sikorsky Aircraft, General Electric (GE) Aviation, Bell Helicopter Textron, Inc, Textron Marine and Land Systems.

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