By Ben Goodlad, Analysis Manager Based on data taken from Avascent Analytics Inventory Forecast, which provides platform inventory data from 2012 to 2028 for 61 countries globally, Analysis Manager Ben Goodlad examines changes in the Armoured Personnel Carrier and Infantry Fighting Vehicle inventories for 24 countries in Europe. Europe’s armoured vehicle inventories are undergoing a significant change …
By Aaron Lin, Senior Market Analyst Japan’s F-3 program is one of the largest fighter development programs outside the United States, and a lot is riding on it for Japan. But how much budget space is there for defense research & development (R&D), and for the F-3 in particular? Annual R&D allocation as a proportion …
By Shane Mason, Senior Market Analyst India’s defense market—the fifth-largest in the world at over $53 billion—is also one of the most competitive. Local firms currently account for one-third of Indian defense procurement. Supported by the government’s “Make in India” initiative, the indigenous share of defense investment is set to grow over the next five …
By Jessica DiPaolo, Market Analyst It’s no surprise that air-and-missile defense (AMD) spending has been on the rise in Europe since 2014. Fears over Russia’s aggressive posturing in the region and the ongoing conflict in Syria have put pressure on European countries to modernize their militaries and shore up their defenses. The chart below looks …
By Jessica DiPaolo, Market Analyst Russia’s annexation of Crimea in 2014 sent shockwaves throughout Europe, causing many countries in the region to rethink their military funding. The tension is particularly palpable in the Baltic Sea where Russia has conducted war games with the Chinese Navy and has had several run-ins with NATO allies operating in …