Military Security & Defence Market Research News

Learn details of the Australian defense and security industry forecast to 2021

Australian Govt's Capital expenditure on defense to rise at a 7.0% CAGR to reach US $11.3 bi by 2021 on account of armed forces modernization program.

Australia registered the second-lowest conflict score in the Asia-Pacific region and fared better than its regional peers on parameters such as societal safety and security. The countrys low conflict score can be attributed to the involvement of troops in global peacekeeping operations relatively weak involvement in the war on terror.

The aircraft, C4ISR electronics and IT, naval ships, homeland security, and helicopter categories are considered the industries key drivers.

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