Posts by ICD Research

ICD Research report: The Malaysian Defense Industry

Malaysian defence budget

During the review period (2007–2011), Malaysian military expenditure recorded a CARC of -3.14% and stood at a total of US$3.51 billion in 2011. Over the forecast period (2012–2016), the country’s defense spending is expected to record a CAGR of 9.4% to reach a projected value of US$5.46 billion in 2016. This anticipated increase in defense…

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ICD Research report: The Saudi Arabian Defense Industry

Defence Budget split

Saudi Arabian Defense Industry offers the reader insights into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Saudi Arabian defense industry. In the wake of security threats, regional rivalry and the protection of its critical security infrastructure, the country’s defense expenditure is projected to…

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ICD Research report: The UK Defense Industry Market


The UK’s defense expenditure recorded a CAGR of 2.33% during the review period. The major share of defense budget accounted for the revenue expenditure and this trend is anticipated to continue over the forecast period, due to significant cuts on government policy towards procurement of defense equipments.  The revenue expenditure for the forecast period is…

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ICD Research report: The Japanese Defense Industry Market

The Japanese defense budget is the fifth-largest in the world and recorded a CAGR of 10.04% during the review period. Japan has capped its defense budget at 1% of GDP, and is expected to continue to do so over the forecast period. The Japanese MoD spends the majority of its defense budget on revenue expenditure,…

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ICD Research report: The US Defense Industry

Defence expenditure as of GDP

Market opportunities and entry strategies, analyses and forecasts to 2016. The US’s average defense expenditure as a percentage of GDP was 4.6% during the review period. However, the country’s military spending as a percentage of GDP is expected to decline to an average of 4.0% over the forecast period due to government efforts reduce its…

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ICD Research report: Global Defence Survey 2012

Global Defence expenditure

Survey results show that 32% of respondents from defense buyer organizations expect a ‘significant decrease’ in global defense expenditure while 46% expect a ‘moderate decrease’. Notably, only 22% of respondents expect a ‘slight decrease’ in defense expenditure. Global expenditure in defense is directly linked to the economic growth of various countries; with clear signals of…

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ICD Research report: The Israeli defence industry

Israeli Defence Budget

During the review period, the Israeli defence expenditure increased at a CAGR of 7.18% and is expected to record growth at a CAGR of 5.90% during the forecast period. The growth can be partially attributed to the US$20.1 billion of military aid from the US scheduled between 2011 and 2016. Moreover, the continued security threats…

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