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

Date: 2015-08

“• During 2011–2015, Irish defense expenditure registered a growth rate of -1.99%, decreasing from US$1.3 billion in 2011 to US$1.2 billion in 2015

• The military expenditure is, however, anticipated to register a CAGR of 0.91% during 2016–2020, to value US$1.3 billion in 2020

• Ireland’s participation in peacekeeping operations, international conflict prevention, and crisis management and providing domestic security and support to civil authorities is expected to drive defense expenditure during 2016–2020

• Demand for equipment is mainly expected to revolve around light tactical armored vehicles, offshore patrol vessels, and army rifles and related equipment during 2016–2020”

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