Future of the Australian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020

Date: 2015-08

“• Over the historic period, Australia’s defense expenditure registered a CAGR of 5.46%; between 2016 and 2020, the defense budget is expected to grow at a CAGR of 2.51%

• The country’s total defense expenditure during the forecast period is expected to be US$161.9billion

• The average share of capital expenditure is expected to be 29.7% over the forecast period, compared to an average share of 23.8% during 2011–2015

• Over the forecast period, the country’s budget for homeland security is expected to be US$25.9 billion cumulatively

• The key areas of investment are expected to be aircraft, helicopter, submarines, and surveillance equipment”

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