London, UK. 22 June 2011. The Russian defence market is set to expand considerably over the next decade, with the Russian authorities seeking to modernise and improve the capabilities of the Russian armed forces, and to cement Russia's place as a leading military nation.
The visiongain author of The Russian Defence Market 2011-2021 commented "Although traditionally Russia's defensive needs have been near exclusively fulfilled internally, a policy of economic liberalisation pushed forward by Medvedev means that the defence market in Russia is starting to open up. Joint ventures look to offer firms the greatest opportunities within the market, especially in connection to research and development, as Russia attempts to modernise its armed forces to elite standards over the coming years. Providing transparency will prove vital for Russia, but if the government can continue to act tough on corruption, that too should encourage investors to enter the market."
Visiongain has determined that the value of the Russian defence market was $47.10bn in 2010, and characterised by the plans of the Russian State Armaments Programme, Visiongain expects the Russian defence market to undergo a period of growth over the coming years. With joint ventures and international collaboration involving foreign firms increasing, opportunities for investment into Russian defence are abound.
Daniel Harrison, Visiongain's Industry Analyst Manager, remarked that "Due to increased demand and a period of economic liberalisation over the past few years, the Russian defence market is beginning to open up, with growing opportunities for companies who wish to partner with Russian firms, especially through joint ventures."
The report contains over 75 charts and figures that add visual analysis in order to explain developing trends within the Russian defence market. Visiongain provides forecasts for the period 2011-2021 in terms of value (US$) for the Russian defence market, as well as for the Russian National Defence and Defence Order budgets. Further, eight Russian Defence Order submarkets are analysed in addition to forecasts for the Russian Army, Navy, Air Force, and R&D. The report includes the profiles of 56 leading companies operating within the Russian Defence market, as well as an interview with a leading Russian defence firm, KB Navis.
The Russian Defence Market 2011-2021 report will be of value to current and future potential investors into the Russian defence industry, as well as companies and research centres who wish to broaden their knowledge of the Russian defence market.
For sample pages and further information about visiongain's The Russian Defence Market 2011-2021 report please visit http://www.visiongain.com/Report/630/The-Russian-Defence-Market-2011-2021
Email: Sara Peerun on sara.peerun@visiongainglobal.com
Tel: +44 (0) 20 7336 6100
www.visiongain.com
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Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100
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