Frost & Sullivan: Defence Procurement in Emerging Markets: Challenges & Opportunities
By Frost Sullivan, PRNEMonday, January 25, 2010
Frost & Sullivan to Host Analyst Briefing on Defence Procurement in Emerging Markets on Tuesday, 2 February, 2010 at 3:00 pm GMT
LONDON, January 26 - The burgeoning economic growth experienced by emerging economies over the
last decade has triggered a substantial increase in their defence budget
allocations, potentially providing defence companies worldwide with lucrative
business opportunities. The key for defence companies interested in emerging
markets is to identify those countries that are experiencing robust economic
growth while having substantial defence budget allocations. From foreign
policy influences to freedom of doing business in a particular country, a
number of factors will determine a company's readiness to venture full steam
into an emerging market.
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The Aerospace & Defence Group at Frost & Sullivan (
www.aerospace.frost.com) is pleased to announce that it will be
hosting an online analyst briefing presentation on Tuesday, 2 February, 2010
at 3:00 pm GMT to analyse defence procurement patterns in major emerging
economies including China, Russia, India, Saudi Arabia and South Korea.
Highlights of the briefing include analyses of: defence spending in major
emerging economies, how the future defence budget allocation will affect the
rate of growth of defence markets worldwide and what kind of new
opportunities and challenges defence companies can expect in emerging markets
and the anticipated competitive landscape.
By discussing emerging trends and providing forward projections for the
defence industry in emerging markets, this briefing will benefit major
defence contractors, component manufacturers and distributors.
"While it is apparent that the traditional high spenders' rate of
spending including the US, UK, and France, have evened out, defence spending
in emerging markets like China, India, Saudi Arabia and South Korea has been
accelerating rapidly," observes Defence Research Associate Gautam Ganapathy.
"This growth will impact the global defence market as a whole as the rate of
fresh contracts from developed economies start abating, the major defence
consortiums around the world are looking to cash in on these emerging markets
over the next decade for contracts worth billions of dollars," Ganapathy
adds.
To participate in this briefing, please email Monika Kwiecinska at
monika.kwiecinska@frost.com with: your full name, company name, title,
telephone number, e-mail, address, city, state and country and a registration
link will be e-mailed to you. You may also register to receive a recorded
version of the briefing at anytime by submitting the aforementioned contact
details.
About Frost & Sullivan
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and leadership. The company's Growth Partnership Service provides the CEO and
the CEO's Growth Team with disciplined research and best-practice models to
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please visit www.frost.com.
Contact: Monika Kwiecinska Corporate Communications T: +48(0)22-390-4127 F: +48(0)22-390-4160 E: monika.kwiecinska@frost.com
www.frost.com
Monika Kwiecinska, Corporate Communications, Frost & Sullivan, +48(0)22-390-4127, Fax, +48(0)22-390-4160, monika.kwiecinska at frost.com
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