New Market Research Report: Italy Defence & Security Report 2015
New Defense market report from Business Monitor International: "Italy Defence & Security Report 2015"
[USPRwire, Mon May 25 2015] Italy retains one of the largest defence industrial sectors in Europe. The country also has one of the largest combined armed forces in NATO and is a major exporter of defence equipment in Europe and throughout the wider world. The country has industrial competencies and expertise across the land, sea and air domains. In particular, Italian manufacturers are active in the design, development and production of military fixed and rotary wing aircraft, defence electronics such as radar and tactical communications, small arms and light weapons, armoured vehicles, naval armament and warships. In recent years, Italian manufacturers have also expanded into the ground-based air defence domain, notably the design and production of medium range surface-to-air missiles.
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Although Italy is home to a large defence sector and is a major exporter of defence equipment, the country has in recent years suffered a downturn in defence spending. Italy has experienced a year-on-year reduction in defence expenditure since the start of the decade. This has occurred against the wider backdrop of the economic slow down which Italy has faced. Defence expenditure has therefore been cut in line with the Italian government's overriding policy of trying to reduce government spending. That said, there is cautious optimism that defence spending will increase in Italy in the coming years.
Regarding security challenges, Italy faces a number of threats at the domestic, regional and international levels. Domestically, organised crime and the threat of Islamist-inspired terrorism are apparent. Regionally, Italy continues to suffer the fallout from the political situation in North Africa, most notably in the form of a significant influx of refugees which are attempting to reach Europe across the Mediterranean via Italy. At the international level, Italy may yet come under increasing pressure to expand its role in the US-led coalition fighting the ISIS militia in Iraq and Syria. That said,...
The Italy Defence & Security Report features BMI Research's independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.
BMI's Italy Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Italian defence and security industry.
* Benchmark BMI's independent defence and security industry forecasts on Italy to test other views - a key input for successful budgetary and strategic business planning in the Italian defence and security market.
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