Dublin, Jan. 22, 2024 (GLOBE NEWSWIRE) -- The "New Zealand Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
New Zealand's defense expenditure recorded a negative CAGR of 6.9% between 2019 and 2023 and amounted to $3.3 billion in 2023, down from $4.4 billion in 2019. Historically, terrorism, China's increasing influence over the surrounding region, and the modernization of its current inventory have driven the New Zealand government to allocate a considerable amount in its defense budget maintaining an average of 1.63% of defense budget as a percentage of GDP.
However, over the forecast period, New Zealand's expenditure is expected to reach $3.4 billion in 2028, with a CAGR of 2.2%. New Zealand's acquisition budget in 2023 is $1 billion, which is significant due to the need to finance the procurement of a fleet of P-8A and C-130J aircraft.
Key Highlights
- Drivers of Defense expenditure include China's increasing Influence, Modernization of the armed forces, Terrorism
- Major ongoing procurement program include procurement of P-8A, C-130J
This report offers detailed analysis of New Zealand defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
In particular, it provides an in-depth analysis of the following -
- New Zealand defense budget: detailed analysis of New Zealand 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
- Regulation: the procurement policy and process is explained. This is coupled with an analysis of New Zealand military doctrine and strategy to provide a comprehensive overview of New Zealand military procurement regulation.
- Security Environment: political alliances and perceived security threats to New Zealand are examined; there help to explain trends in spending and modernisation.
- Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
- Competitive landscape and strategic insights: analysis of the competitive landscape of New Zealand's defense industry.
Key Report Benefits
- Determine prospective investment areas based on a detailed trend analysis of the New Zealand defense market over the next five years
- Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the French market and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
- Identify the major threats that are driving the New Zealand defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channel resources by focusing on the ongoing programs that are being undertaken by the New Zealand government
- Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available
Key Topics Covered:
- Executive Summary
- Defense Budget Assessment
- Budgeting Process
- Defense Market Size Historic And Forecast
- Drivers Of Defense Expenditure
- Military Doctrine And Security Environment
- Military Doctrine And Strategy
- Strategic Alliances and Geopolitics
- Political, Social and Economic Scenario
- Market Entry Strategy And Regulations
- Defense Procurement Bodies
- Trade Associations and Defense Clusters
- Procurement Policy and Market Regulations
- Market Entry Routes
- Key Challenges
- Major Deals and M&A
- Market Attractiveness By Defense Sector
- Top Sectors in the New Zealand Defense Market
- Top Defense Segments By Value
- Defense Platform Acquisitions
- Defense Platform Acquisitions By Value
- C-130J
- P-8A
- Southern Ocean Patrol Vessel (SOPV)
- Fleet Size
- Army
- Air Force
- Competitive Landscape
- Defense Companies Operating In New Zealand
- Main Defense Companies
Company Coverage
- Thales Australia
- Boeing Co.
- Lockheed Martin Corp
For more information about this report visit https://www.researchandmarkets.com/r/awycxl
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