The Irish Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016


Irish defense expenditure declined at a CAGR of -2.78% during the review period to reach a value of US$1.28 billion in 2011. The country’s military expenditure is estimated to register a CAGR of -0.25% during the forecast period, and to value US$1.22 billion by 2016. Defense expenditure is expected to be driven by factors such as overseas peace support, crisis management, and humanitarian operations. As a percentage of gross domestic product (GDP), the Irish defense budget stood at 0.57% in 2011 and is expected to decline to 0.46% of GDP by 2016, largely due to the expected increase in GDP and reduction in defense expenditure (reference see graph below).
In 2011 Ireland had a defense budget of US$1.3 billion and invests just 0.6% of its GDP in defense. This is small in comparison with the UK and France, which spend 2.3% and 2.1%, respectively, of their GDP on defense. In addition, Ireland’s defense budget is expected to decline further in the forecast period. In the Irish defense industry, with small companies with little specialization in weapon categories, foreign weapon suppliers face infrastructure challenges in entering the market.
Ireland is a member of the EDA, which was formed to improve European defense capabilities and to create a single defense equipment market. Consequently, the Irish government gives preference to European countries for the import of defense equipment. The EU issued a directive in 2009 which simplified the terms and conditions of transfers of defense products within the EU and coordinated procedures for the award of defense contracts. This acts as a barrier for non–EU companies trying to enter into the Irish defense market.
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About Strategic Defence Intelligence 

This report is one of a series available to subscribers of our premium research platform, 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. The site features: daily updated analysis, comment and news, company and customer profiles, defence spending, tenders and contracts, product and technology intelligence, a research and analysis database providing access to industry and competitor reports to enable business and market planning, and fully customizable tools, including instant personalized report generation and custom alerts.
           

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