Defense Spending in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Russia defense spending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces (including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces), defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans' benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
The Russian defense spending market is expected to generate total budget allocation of $78.9bn in 2017, representing a compound annual growth rate (CAGR) of 17.1% between 2013 and 2017.
Market volume is forecast to increase with a CAGR of 1% between 2013 and 2017, to reach a total of 1.3 million armed forces personnel in 2017.
Since 2011 the Russian government has sought a modernization drive of the Russian armed forces, targeting 70% modernization by 2020. 2015's spike in particular was driven by Russian intervention in the Syrian civil war, when asked by the Syrian government for assistance.
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- What was the size of the Russia defense spending market by value in 2017?
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- What are the main segments that make up Russia's defense spending market?
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