The UK Defense Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016

2012-03-07
Published : Mar-2012

Synopsis

  • Top level overview of the UK defense industry
  • A breakdown of the UK defense industry by spend pattern valued from 2007 through 2011 and forecasted from 2012 through 2016
  • A breakdown of the markets by segment valued from 2007 through 2011 and forecasted from 2012 through 2016
  • Details of top companies active across the UK defense industry
  • Emerging trends and opportunities in the UK defense industry in the last 12 months

Summary

This report offers insights into market opportunities and entry strategies adopted by foreign OEMs to gain a market share in the UK defense industry. In particular, it offers in-depth analysis of the following:

  • Market opportunity and attractiveness: Detailed analysis of the current market size and growth expectations during 2011–2016, including highlights of the key drivers, to aid understanding of the growth dynamics. It also benchmarks the sector against key global markets and provides detailed understanding of emerging opportunities in specific areas.
  • Procurement dynamics: Trend analysis of imports and exports, along with their implications and impact on the UK defense industry.
  • Industry structure: Five forces analysis to identify various power centers in the industry and how these are likely to develop in the future.
  • Market entry strategy: Analysis of possible ways to enter the market, along with knowledge of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
  • Competitive landscape and strategic insights: Analysis of the competitive landscape of defense manufacturers in Malaysia. It provides an overview of the key defense companies (both domestic and foreign) along with insights such as key alliances, strategic initiatives and a brief financial analysis.
  • Business environment and country risk: A range of drivers at country level, assessing business environment and country risk. It covers historical and forecast values for a range of indicators evaluating business confidence, economic performance, infrastructure quality and availability, labor force, demographics, and political and social risk.

Scope

  • Analysis of defense industry market size from 2007 through 2011 and forecasts till 2016
  • Analysis of defense budget allocation
  • Benchmarking with key global markets
  • Market opportunities
  • Defense procurement dynamics
  • Industry dynamics
  • Market entry strategy
  • Competitive landscape and strategic insights
  • Business environment and country risk

Reasons To Buy

  • Gain insight into the UK defense industry with current, historic and forecast market values
  • Gain insight into market opportunity and attractiveness
  • Gain insight into industry procurement dynamics
  • Gain insight into industry structure
  • Gain insight into the regulations governing the UK defense industry and the potential market entry strategies with an expert analysis of the competitive structure
  • Identify top companies of the UK defense industry along with profiles of all those companies

Key Highlights

During the review period UK defense expenditure increased at a CAGR of 2.33% and was valued at US$52.6 billion in 2011. Counter measures for potential terrorist threats and supporting peacekeeping operations across the globe, particularly in Afghanistan and Iraq, stimulated expenditure. Such factors are expected to continue to drive defense expenditure over the forecast period, however, expenditure is projected to decrease at a CARC of  3.21% to reach US$48.2 billion by 2016. The UK defense budget, which comprised 2.4% of GDP in 2011, is expected to decline to 1.5% of GDP by 2016 due to budget reductions.

UK Defense Industry

Published: February 2012
No. of Pages: 182
Price: US$1250


Table of Contents

1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Summary Methodology
1.4 ICD Research Terrorism Index
1.5 About ICD Research
1.6 About Strategic Defense

2 Executive Summary 

3 Market Attractiveness and Emerging Opportunities
3.1 Defense Market Size Historical and Forecast
3.1.1 UK defense expenditure expected to record a CAGR of XX% over the forecast period
3.1.2 Defense expenditure driven by an unstable location, competitive arms acquisitions, the strained relationship with Indonesia, peacekeeping missions and historically low levels of expenditure
3.2 Analysis of Defense Budget Allocation
3.2.1 Share of capital expenditure expected to marginally decrease over the forecast period
3.2.2 Defense expenditure correlated to UK economic growth
3.3 Homeland Security Market Size and Forecast
3.3.1 The country’s homeland security expenditure is expected to record a CAGR of XX% over the forecast period
3.3.2 Homeland security expenditure expected to be driven by religious tensions and increasing criminal activity
3.4 Benchmarking with Key Global Markets
3.4.1 UK defense expenditure expected to remain low in comparison with world’s leading military spenders
3.4.2 On a global scale, UK defense expenditure is comparatively low
3.4.3 Malaysia ranked fourteenth among the largest arms importing countries during the review period
3.4.4 Military expenditure as a percentage of GDP expected to decline as a result of budget deficit reduction efforts
3.4.5 Malaysia faces moderate terror threat
3.5 Market Opportunities: Key Trends and Drivers
3.5.1 Demand for maritime defense equipment expected to increase
3.5.2 Air defense systems expected to experience considerable increase in demand
3.5.3 Demand for armored vehicles expected to increase
3.5.4 Demand is expected to increase for technology that caters to border security

4 Defense Procurement Market Dynamics 
4.1 Import Market Dynamics
4.1.1 Lack of domestic defense capabilities expected to drive imports
4.1.2 Defense imports recorded robust growth during the last three years
4.1.3 Ships and aircrafts constitute the majority of Malaysia’s defense imports
4.2 Export Market Dynamics
4.2.1 Malaysia has limited export capabilities

5 Industry Dynamics 
5.1 Five Forces Analysis
5.1.1 Bargaining power of supplier: low to high
5.1.2 Bargaining power of buyer: high to low
5.1.3 Barrier to entry: medium
5.1.4 Intensity of rivalry: medium to high
5.1.5 Threat of substitution: high

6 Market Entry Strategy 
6.1 Market Regulation
6.1.1 UK Government encourages offsets to develop the domestic defense industry
6.2 Market Entry Route
6.2.1 Partnerships with domestic defense firms or the establishment of a wholly-owned subsidiary constitute preferred entry routes
6.2.2 Defense exhibitions provide straightforward entry route for foreign OEMs
6.3 Key Challenges
6.3.1 Limited defense budget discourages investors from market entry
6.3.2 Corruption and lack of transparency deter defense industry growth
6.3.3 Project delays restrict investors
6.3.4 Mandated use of local representatives limits the growth of the domestic defense industry

7 Competitive Landscape and Strategic Insights 
7.1 Competitive Landscape Overview
7.2 Key Foreign Companies
7.2.1 Agusta Westland Malaysia Sdn Bhd: overview
7.2.2 Agusta Westland Malaysia Sdn Bhd: products and services
7.2.3 Agusta Westland Malaysia Sdn Bhd: recent announcements and strategic initiatives
7.2.4 Agusta Westland Malaysia Sdn Bhd: alliances
7.2.5 Agusta Westland Malaysia Sdn Bhd: recent contract wins
7.2.6 Agusta Westland Malaysia Sdn Bhd: financial analysis
7.3 Key Public Sector Companies
7.3.1 SME Ordnance Sdn Bhd: overview
7.3.2 SME Ordnance Sdn Bhd: products and services
7.3.3 SME Ordnance Sdn Bhd: recent announcements and strategic initiatives
7.3.4 SME Ordnance Sdn Bhd: alliances
7.3.5 SME Ordnance Sdn Bhd: recent contract wins
7.3.6 SME Ordnance Sdn Bhd: financial analysis
7.3.7 SME Aerospace Sdn Bhd: overview
7.3.8 SME Aerospace Sdn Bhd: products and services
7.3.9 SME Aerospace Sdn Bhd: recent announcements and strategic initiatives
7.3.10 SME Aerospace Sdn Bhd: alliances
7.3.11 SME Aerospace Sdn Bhd: recent contract wins
7.3.12 SME Aerospace Sdn Bhd: financial analysis
7.3.13 AIROD Sdn Bhd: overview
7.3.14 AIROD Sdn Bhd: products and services
7.3.15 AIROD Sdn Bhd: recent announcements and strategic initiatives
7.3.16 AIROD Sdn Bhd: alliances
7.3.17 AIROD Sdn Bhd: recent contract wins
7.3.18 AIROD Sdn Bhd: financial analysis
7.4 Key Private Sector Companies
7.4.1 Boustead Naval Shipyard: overview
7.4.2 Boustead Naval Shipyard: products and services
7.4.3 Boustead Naval Shipyard: recent announcements and strategic initiatives
7.4.4 Boustead Naval Shipyard: alliances
7.4.5 Boustead Naval Shipyard: recent contract wins
7.4.6 Boustead Naval Shipyard: financial analysis
7.4.7 Zetro Aerospace Corporation Sdn Bhd: overview
7.4.8 Zetro Aerospace Corporation Sdn Bhd: products and services
7.4.9 Zetro Aerospace Corporation Sdn Bhd: recent announcements and strategic initiatives
7.4.10 Zetro Aerospace Corporation Sdn Bhd: alliances
7.4.11 Zetro Aerospace Corporation Sdn Bhd: recent contract wins
7.4.12 Zetro Aerospace Corporation Sdn Bhd: financial analysis
7.4.13 Sapura Thales Electronics Sdn Bhd: overview
7.4.14 Sapura Thales Electronics Sdn Bhd: products and services
7.4.15 Sapura Thales Electronics Sdn Bhd: recent announcements and strategic initiatives
7.4.16 Sapura Thales Electronics Sdn Bhd: alliances
7.4.17 Sapura Thales Electronics Sdn Bhd: recent contract wins
7.4.18 Sapura Thales Electronics Sdn Bhd: financial analysis
7.4.19 DRB Hicom Defence Technologies Sdn Bhd: overview
7.4.20 DRB Hicom Defence Technologies Sdn Bhd: products and services
7.4.21 DRB Hicom Defence Technologies Sdn Bhd: recent announcements and strategic initiatives
7.4.22 DRB Hicom Defence Technologies Sdn Bhd: alliances
7.4.23 DRB Hicom Defence Technologies Sdn Bhd: recent contract wins
7.4.24 DRB Hicom Defence Technologies Sdn Bhd: financial analysis
7.4.25 MMC Defence Sdn Bhd: overview
7.4.26 MMC Defence Sdn Bhd: products and services
7.4.27 MMC Defence Sdn Bhd: recent announcements and strategic initiatives
7.4.28 MMC Defence Sdn Bhd: alliances
7.4.29 MMC Defence Sdn Bhd: recent contract wins
7.4.30 MMC Defence Sdn Bhd: financial analysis
7.4.31 Composite Technology Research Malaysia Sdn Bhd: overview
7.4.32 Composite Technology Research Malaysia Sdn Bhd: products and services
7.4.33 Composite Technology Research Malaysia Sdn Bhd: recent announcements and strategic      initiatives
7.4.34 Composite Technology Research Malaysia Sdn Bhd: alliances
7.4.35 Composite Technology Research Malaysia Sdn Bhd: recent contract wins
7.4.36 Composite Technology Research Malaysia Sdn Bhd: financial analysis
7.4.37 Labuan Shipyard & Engineering Sdn Bhd: overview
7.4.38 Labuan Shipyard & Engineering Sdn Bhd: products and services
7.4.39 Labuan Shipyard & Engineering Sdn Bhd: recent announcements and strategic initiatives
7.4.40 Labuan Shipyard & Engineering Sdn Bhd: alliances
7.4.41 Labuan Shipyard & Engineering Sdn Bhd: recent contract wins
7.4.42 Labuan Shipyard & Engineering Sdn Bhd: financial analysis
7.4.43 D’ Aquarian Sdn Bhd: overview
7.4.44 D’Aquarian Sdn Bhd: products and services
7.4.45 D’Aquarian Sdn Bhd: recent announcements and strategic initiatives
7.4.46 D’Aquarian Sdn Bhd: alliances
7.4.47 D’Aquarian Sdn Bhd: recent contract wins
7.4.48 D’Aquarian Sdn Bhd: financial analysis

8 Business Environment and Country Risk 
8.1 Business confidence
8.1.1 Business confidence index
8.1.2 Market capitalization trend – The Bursa Malaysia Stock Exchange, Malaysia
8.1.3 FDI inflows
8.1.4 Deployment of credit by sector
8.2 Economic Performance
8.2.1 GDP at constant prices
8.2.2 GDP per capita at constant prices
8.2.3 GDP at current prices
8.2.4 GDP per capita at current prices
8.2.5 GDP split by key segments
8.2.6 Agriculture net output at current prices (UK ringgit)
8.2.7 Agriculture net output at current prices (US dollar)
8.2.8 Agriculture net output at current prices as percentage of GDP
8.2.9 Manufacturing net output at current prices (UK ringgit)
8.2.10 Manufacturing net output at current prices (US dollar)
8.2.11 Manufacturing net output at current prices as a percentage of GDP
8.2.12 Mining, manufacturing, and utilities net output at current prices (UK ringgit)
8.2.13 Mining, manufacturing, utilities at current prices (US dollars)
8.2.14 Mining, manufacturing, utilities at current prices, as percentage of GDP
8.2.15 Construction net output at current prices, (UK ringgit)
8.2.16 Construction net output at current prices (US dollar)
8.2.17 Construction output at current prices as a percentage of GDP
8.2.18 Crude steel production
8.2.19 Crude oil consumption
8.2.20 Inflation rate
8.2.21 Fiscal balance as a percentage of GDP
8.2.22 Trade balance as a percentage of GDP
8.2.23 Exports as a percentage of GDP
8.2.24 Imports as a percentage of GDP
8.2.25 Exports growth
8.2.26 Imports growth
8.2.27 External debt as percentage of GDP
8.2.28 Annual average exchange rate US$–MYR
8.2.29 End of the period exchange rate US$ – MYR
8.2.30 Debt service ratio
8.3 Infrastructure Quality and Availability
8.3.1 Total airports and ports
8.3.2 Railways and highways
8.3.3 Passenger vehicle production volume
8.3.4 Commercial vehicle production volume
8.3.5 Automotive components export trend
8.3.6 Automotive components import trend
8.3.7 Passenger car penetration
8.3.8 Total installed capacity for electricity generation
8.3.9 Installed capacity for the generation of conventional thermal electricity
8.3.10 Electricity production
8.3.11 Installed capacity for the generation of hydro-electricity
8.3.12 Installed capacity for renewable electricity generation
8.3.13 Electricity consumption
8.3.14 Electricity exports
8.3.15 Healthcare expenditure
8.3.16 Healthcare expenditure as a percentage of GDP
8.3.17 Healthcare expenditure per capita
8.3.18 Research and development expenditure as a percentage of GDP
8.3.19 Total internet subscribers
8.3.20 Broadband internet subscribers
8.3.21 Personal computer penetration
8.3.22 Mobile phone penetration rate
8.4 Labor Force
8.4.1 Labor force
8.4.2 Unemployment rate
8.5 Demographics
8.5.1 Annual disposable income
8.5.2 Annual per capita disposable income
8.5.3 Annual consumer expenditure on food
8.5.4 Annual per capita consumer expenditure on food
8.5.5 Urban and rural population
8.5.6 Female percentage of population
8.5.7 Male percentage of population
8.5.8 Mean age of population
8.5.9 Median age of population
8.5.10 Population density
8.5.11 Age distribution – total population
8.5.12 Age distribution-male population
8.5.13 Age distribution – female population
8.5.14 Number of households
8.6 Political and Social Risk
8.6.1 Political stability
8.6.2 Terrorism index
8.6.3 Transparency index

9 Appendix 
9.1 Contact Us
9.2 About ICD Research
9.3 Disclaimer

List of Tables

Table 1: UK Defense Expenditure (US$ Billion), 2007–2011 19
Table 2: UK Defense Expenditure (US$ Billion), 2012–2016 20
Table 3: UK Defense Budget Split Between Capital and Revenue Expenditure, 2007–2011 22
Table 4: UK Defense Budget Split Between Capital and Revenue Expenditure, 2012–2016 23
Table 5: UK Defense Budget Break up (%), 2007–2011 24
Table 6: UK Defense Budget Break up (%), 2012–2016 25
Table 7: UK Peacekeeping Services Budget (US$ Billion), 2007–2011 26
Table 8: UK Peacekeeping Services Budget (US$ Billion), 2012–2016 27
Table 10: UK Defense Capability Budget (US$ Billion), 2012–2016 29
Table 11: UK Defense Capability Breakup (%), 2007–2011 30
Table 12: UK Defense Capability Breakup (%), 2012–2016 31
Table 13: UK War Pension Benefits Budget (US$ Billion), 2007–2011 32
Table 14: UK War Pension Benefits Budget (US$ Billion), 2012–2016 33
Table 15: UK Homeland Security Expenditure (US$ Billion), 2007–2011 34
Table 16: UK Homeland Security Expenditure (US$ Billion), 2012–2016 35
Table 17: ICD Research Intelligence Terrorism Index, 2011 39
Table 18: Benchmarking with Key Markets – 2007–2011 vs 2012–2016 41
Table 19: Top 20 Global Arms Exporter by Volume, 2007–2011* 45
Table 20: UK Defense Projects Undertaken by the MoD 47
Table 21: UK Defense Offset Regulations 58
Table 22: UK’s Participation in International Defense Development Programs 60
Table 23: BAE Systems Plc – Product Focus 63
Table 24: BAE Systems Plc – Alliances 65
Table 25: BAE Systems Plc – Recent Contract Wins 66
Table 26: GKN Aerospace Services – Product Focus 69
Table 27: GKN Aerospace Services – Alliances 71
Table 28: GKN Aerospace Services – Recent Contract Wins 71
Table 29: Rolls-Royce Plc – Product Focus 74
Table 30: Rolls-Royce Plc – Alliances 76
Table 31: Rolls-Royce Plc – Recent Contract Wins 76
Table 32: Babcock International Group Plc – Product Focus 80
Table 33: Babcock International Group Plc – Alliances 81
Table 34: Babcock International Group Plc – Recent Contract Wins 81
Table 35: AgustaWestland – Product Focus 84
Table 36: AugustaWestland – Alliances 85
Table 37: AugustaWestland – Recent Contract Wins 85
Table 38: Thales UK – Product Focus 86
Table 39: Thales UK – Alliances 89
Table 40: Thales UK – Recent Contract Wins 89
Table 41: General Dynamics UK Ltd – Product Focus 90
Table 42: General Dynamics UK Ltd – Alliances 91
Table 43: General Dynamics UK Ltd – Recent Contract Wins 91
Table 44: Boeing UK – Product Focus 93
Table 45: Boeing UK – Alliances 94
Table 46: Boeing UK – Recent Contract Wins 94
Table 47: L-3 TRL – Product Focus 97
Table 48: Northrop Grumman UK – Product Focus 98
Table 49: Northrop Grumman UK – Alliances 99
Table 50: Northrop Grumman UK – Recent Contract Wins 99
Table 51: Lockheed Martin UK Ltd – Product Focus 101
Table 52: Lockheed Martin UK Ltd – Alliances 102
Table 53: Lockheed Martin UK Ltd – Recent Contract Wins 103
Table 54: EADS UK – Product Focus 104
Table 55: EADS UK – Alliances 106
Table 56: EADS UK – Recent Contract Wins 106

List of Figures

Figure 1: UK Defense Expenditure (US$ Billion), 2007–2011 19
Figure 2: UK Defense Expenditure (US$ Billion), 2012–2016 20
Figure 3: UK Defense Budget Split Between Capital and Revenue Expenditure, 2007–2011 22
Figure 4: UK Defense Budget Split Between Capital and Revenue Expenditure, 2012–2016 23
Figure 5: UK Defense Budget Break up (%), 2007–2011 24
Figure 6: UK Defense Budget Break up (%), 2012–2016 25
Figure 7: UK Peacekeeping Services Budget (US$ Billion), 2007–2011 26
Figure 8: UK Peacekeeping Services Budget (US$ Billion), 2012–2016 27
Figure 9: UK Defense Capability Budget (US$ Billion), 2007–2011 28
Figure 10: UK Defense Capability Budget (US$ Billion), 2012–2016 29
Figure 11: UK Defense Capability Breakup (%), 2007–2011 30
Figure 12: UK Defense Capability Breakup (%), 2012–2016 31
Figure 13: UK War Pension Benefits Budget (US$ Billion), 2007–2011 32
Figure 14: UK War Pension Benefits Budget (US$ Billion), 2012–2016 33
Figure 15: UK Homeland Security Expenditure (US$ Billion), 2007–2011 34
Figure 16: UK Homeland Security Expenditure (US$ Billion), 2012–2016 35
Figure 17: ICD Research Terrorism Heat Map 37
Figure 18: ICD Research Terrorism Heat Index, 2011 38
Figure 19: Benchmarking with Key Markets – 2007–2011 vs 2012–2016 42
Figure 20: Benchmarking with World’s Largest Defense Spenders – 2011 and 2016 43
Figure 21: Benchmarking with Large Defense Spenders as a Percentage (%) of GDP – 2011 44
Figure 22: UK Defense Imports (US$ million), 2005–2010 49
Figure 23: UK Defense Imports by Country (US$ million), 2005–2010 50
Figure 24: UK Defense Imports by Country (%), 2005–2010 51
Figure 25: UK Defense Imports by Category (%), 2005–2010 52
Figure 26: UK Defense Exports (US$ million), 2005–2010 53
Figure 27: UK Defense Exports (%), 2005–2010 54
Figure 28: UK Defense Exports by Category (%), 2005–2010 55
Figure 29: Industry Dynamics – Porter’s Five Forces Analysis 56
Figure 30: BAE Systems – Revenue Trend Analysis (GBP billion), 2006–2010 67
Figure 31: BAE Systems – Operating Profit (GBP million), 2006–2010 67
Figure 32: BAE Systems – Net Profit Trend Analysis (GBP million), 2006–2010 68
Figure 33: GKN Aerospace Services – Revenue Trend Analysis (GBP million), 2005–2009 72
Figure 34: GKN Aerospace Services – Operating Profit Trend Analysis (GBP million), 2005–2009 73
Figure 35: GKN Aerospace Services – Net Profit Trend Analysis, (GBP million), 2005–2009 73
Figure 36: Rolls-Royce Plc – Revenue Trend Analysis (GBP Billion), 2004–2009 78
Figure 37: Rolls-Royce Plc – Operating Profit Trend Analysis (GBP Billion), 2003–2009 79
Figure 38: Rolls-Royce Plc – Net Profit Trend Analysis (GBP Billion), 2004–2009 79
Figure 39: Babcock International Group Plc – Revenue Trend Analysis (GBP Million), 2006-2010 82
Figure 40: Babcock International Group Plc – Operating Profit Trend Analysis (GBP Million), 2006-2010 83
Figure 41: Babcock International Group Plc – Net Profit Trend Analysis (GBP Million), 2006-2010 83
Figure 42: Boeing – Revenue Trend Analysis (US$ Billion), 2006–2010 95
Figure 43: Boeing – Operating Profit Trend Analysis (US$ Billion), 2006–2010 96
Figure 44: Boeing – Net Profit Trend Analysis (US$ Billion), 2006–2010 96
Figure 45: UK Business Confidence Monitor, 2008–2010 107
Figure 46: The London Stock Exchange – Market Capitalization (US$ Billion), 2003–2009 108
Figure 47: UK FDI Inflows (US$ Billion) 2003–2009 109
Figure 48: UK Deployment of Credit (US$ Billion), 2003–2009 110
Figure 49: UK GDP at Constant Prices (US$ Billion), 2003–2015 111
Figure 50: UK GDP Per Capita at Constant Prices (US$), 2003–2015 112
Figure 51: UK GDP at Current Prices (US$ Billion), 2003–2015 113
Figure 52: UK GDP Per Capita at Current Prices (US$), 2003–2015 114
Figure 53: UK GDP Split by Key Sectors(%), 2003 and 2009 115
Figure 54: UK Agriculture Net Output at Current Prices (GBP Billion), 2003–2015 116
Figure 55: UK Agriculture Net Output at Current Prices (US$ Billion), 2003–2015 117
Figure 56: UK Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2003–2015 118
Figure 57: UK Manufacturing Net Output at Current Prices (GBP Billion), 2003–2015 119
Figure 58: UK Manufacturing Net Output at Current Prices (US$ Billion), 2003–2015 120
Figure 59: UK Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2003–2015 121
Figure 60: UK Mining, Manufacturing and Utilities Net Output, at Current Prices (GBP Billion), 2003–2015 122
Figure 61: UK Mining, Manufacturing and Utilities Output, at Current Prices (US$ Billion), 2003–2015 123
Figure 62: UK Mining, Manufacturing and Utilities Net Output, at Current Prices as a percentage of GDP (%), 2003–2015 124
Figure 63: UK Construction Net Output, at Current Prices (GBP Billion), 2003–2015 125
Figure 64: UK Construction Net Output at Current Prices (US$ Billion), 2003–2015 126
Figure 65: UK Construction Output at Current Prices as a Percentage of GDP (%), 2003–2015 127
Figure 66: UK Crude Steel Production(Million Metric Tons), 2003–2015 128
Figure 67: UK Crude Oil Consumption (Million Tons), 2003–2015 129
Figure 68: UK Inflation Rate(%), 2003–2015 130
Figure 69: UK Current Account Balance as a Percentage of GDP(%), 2003–2009 131
Figure 70: UK Exports as a Percentage of GDP (%), 2003–2015 132
Figure 71: UK Imports as a Percentage of GDP (%), 2003–2015 133
Figure 72: UK Exports Growth (%), 2003–2015 134
Figure 73: UK Imports Growth (%), 2003–2015 135
Figure 74: UK External Debt as a Percent of GDP (%) 2003–2009 136
Figure 75: UK Annual Average Exchange Rate US$–GBP, 2003–2009 137
Figure 76: UK End of the Period Exchange Rate US$–GBP, 2003–2009 138
Figure 77: UK Airports and Sea Ports (Number of), 2009 139
Figure 78: UK Railways and Roadways (Kilometers), 2009 140
Figure 79: UK Passenger Vehicle Production (Million), 2003–2015 141
Figure 80: UK Commercial Vehicle Production (units), 2003–2015 142
Figure 81: UK Automotive Components Exports (US$ Billion), 2003–2015 143
Figure 82: UK Automotive Components Imports (US$ Billion), 2003–2015 144
Figure 83: UK Passenger Vehicle Export (Million), 2003–2015 145
Figure 84: UK Commercial Vehicle Export (units), 2003–2015 146
Figure 85: UK Passenger Car Penetration (per 1000 people), 2003–2015 147
Figure 86: UK Total Installed Capacity for Electricity Generation (Million kW), 2003–2015 148
Figure 87: UK Installed Capacity for the Generation of Conventional Thermal Electricity (Million kW), 2003–2015 149
Figure 88: UK Electricity Production (Billion kWh), 2003–2015 150
Figure 89: UK Electricity Consumption (Billion kWh), 2003–2015 151
Figure 90: UK Installed Capacity for the Generation of Hydro-electric power (Million kW), 2003–2015 152
Figure 91: UK Installed Capacity for the Generation of Renewable Electricity (Million kW), 2003–2015 153
Figure 92: UK Electricity Exports (Billion kWh), 2003–2015 154
Figure 93: UK Electricity Imports (Billon kWh), 2003–2015 155
Figure 94: UK Healthcare Expenditure (US$ Billion), 2003–2015 156
Figure 95: UK Healthcare Expenditure as a Percentage of GDP (%), 2003–2015 157
Figure 96: UK Per Capita Healthcare Expenditure (US$), 2003–2015 158
Figure 97: UK R&D Expenditure as a Percentage of GDP (%), 2003–2015 159
Figure 98: UK Internet Subscriptions (Millions), 2003–2015 160
Figure 99: UK Broadband Internet Subscriptions(Millions), 2003–2015 161
Figure 100: UK Personal Computer Penetration Rate (per 100 people), 2003–2015 162
Figure 101: UK Mobile Phone Penetration (per 100 people), 2003–2015 163
Figure 102: UK Size of Labor Force (in the 15–59 Age Group) (Million), 2003–2015 164
Figure 103: UK Unemployment Rate (%), 2003–2015 165
Figure 104: UK Annual Disposable Income (US$ Trillion), 2003–2015 166
Figure 105: UK Annual Per Capita Disposable Income (US$), 2003–2015 167
Figure 106: UK Consumer Expenditure on Food (US$ Billion), 2003–2015 168
Figure 107: UK Annual Per Capita Consumer Food Expenditure (US$), 2003–2015 169
Figure 108: UK Urban and Rural Population (%), 2003–2015 170
Figure 109: UK Females as a Percentage of the Total Population (%), 2003–2015 171
Figure 110: UK Males as a Percentage of the Total Population (%), 2003–2015 172
Figure 111: UK Mean Age of the Population (Years), 2003–2015 173
Figure 112: UK Median Age of the Population (Years), 2003–2015 174
Figure 113: UK Population Density (Per Square Kilometer), 2003–2015 175
Figure 114: UK Population Distribution by Age (%), 2003–2015 176
Figure 115: UK Male Population Distribution by Age (%), 2003–2015 177
Figure 116: UK Female Population Distribution by Age (%), 2003–2015 178
Figure 117: UK Number of Households (Million), 2003–2015 179
Figure 118: Global Terrorism Heat Map, 2011 180
Figure 119: UK Transparency Index, 2003–2009 181

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“The healthcare interoperability solutions market is projected to grow at a CAGR of 13.9% between 2021 and 2026.” The global healthcare interoperability solutions market is projected to reach USD 5.7 billion by 2026 from USD 2.9 billion in 2021, at a CAGR of 13.9% during the forecast period. Growth in this market is driven by the growing need to curtail healthcare costs, government initiatives to enhance patient care & safety, government funding for healthcare interoperability, and the rapid adoption of EHR & other healthcare IT solutions. However, the lack of true interoperability solutions, lack of standards, and the use of outdated legacy systems are some factors restraining the growth of the healthcare interoperability solutions market to a certain extent during the fore......
 $4950

Healthcare IT Integration Market by Product (Interface Engine, Medical Device Integration, Media Integration), Service (Integration, Maintenance, Training, Consulting), End User (Hospital, Laboratories, Home Healthcare, Clinic) – Global Forecast to 2026

“The healthcare IT integration market is projected to grow at a CAGR of 12.4% during the forecast period (2021–2026).” The global healthcare IT integration market is projected to reach USD 7.1 billion by 2026 from USD 3.9 billion in 2021, at a CAGR of 12.4% during the forecast period. The growth in the healthcare IT integration market is mainly driven primarily by the increased use of connected care technologies during COVID-19, rapid adoption of electronic health records and other healthcare IT solutions, urgent need to integrate patient data into healthcare systems and favourable government policies, funding programs, and initiatives to deploy healthcare IT integration solutions. On the other hand, the interoperability issues and the high cost associated with healthcare IT integ......
 $4950

Healthcare Fraud Analytics Market by Solution Type (Descriptive, Predictive, Prescriptive), Application (Insurance Claim, Payment Integrity), Delivery (On-premise, Cloud), End User (Government, Employers, Payers), COVID-19 Impac – Global Forecast to 2026

The healthcare fraud analytics market is expected to grow at a CAGR of 26.7% in the forecast period. The global healthcare fraud analytics market is projected to reach USD 5.0 billion by 2026 from USD 1.5 billion in 2021, at a CAGR of 26.7% during the forecast period. Market growth can be attributed to a large number of fraudulent activities in healthcare, increasing number of patients seeking health insurance, high returns on investment, and the rising number of pharmacy claims-related frauds. However, the dearth of skilled personnel is expected to restrain the growth of this market. The on-demand segment is expected to grow at the highest CAGR during the forecast period On the basis of delivery model, the healthcare fraud analytics market is segmented into on-premise and on-dema......
 $5650

Laboratory Informatics Market by Type of Solutions (LIMS, ELN, CDS, EDC, CDMS, LES, ECM, SDMS), Component (Software, Service), Delivery (On premise, Cloud), Industry (CRO, CMO, Pharma, Biotech, Chemical, Agriculture, Oil, Gas) – Global Forecasts to 2026

Global laboratory informatics market projected to grow at CAGR of 10.8%” The global laboratory informatics market is estimated to reach USD 5.6 billion by 2026 from USD 3.4 billion in 2021, at a CAGR of 10.8% during the forecast period. The increasing need for laboratory automation; development of integrated lab informatics solutions; need to comply with regulatory requirements; and the growing demand in biobanks/biorepositories, academic research institutes, and CROs are the major factors driving the growth of the laboratory informatics market. On the other hand, lack of integration standards and high maintenance and service costs are expected to restrain the growth of this market in the coming years. LIMS segment is projected to record the highest CAGR Based on type of solutio......
 $5650

5G in Healthcare Market by Component (Hardware, Connectivity, Services) Application (Remote Patient Monitoring, Connected Medical Devices, AR/VR, Connected Ambulance, Asset Tracking) End User (Healthcare Providers, Payers) – Global Forecast to 2026

Increasing adoption of telehealth and robotics surgery due to COVID-19 are driving market growth” 5G stands for the fifth generation of mobile communication technology. With each generation’s new technology and standards, there have been improvements in transmission speed and network capacity. 5G represents a big leap in cellular technology and in healthcare by providing essential levels of connectivity to enable a new health ecosystem, one that can meet the needs of patients and providers accurately, efficiently, cost-effectively, conveniently, and at a substantial scale. This massive network will include billions of low-bitrates and low-energy connected health monitoring devices, remote sensors, and clinical wearables, with 5G providing a backbone infrastructure for IoT. The 5G......
 $5650

Revenue Cycle Management/RCM Market by Product & Services (Eligibility Verification, Clinical Coding, CDI, Claims Processing, Denial Management, Outsourcing Services, Cloud), End User (Payers, Hospitals, Outpatient), Covid-19 Impact – Global Forecast to 2026

“The Revenue cycle management market is projected to grow at a CAGR of 10.6% during the forecast period (2020–2026).” The global revenue cycle management market is projected to reach USD 67.8 billion by 2026 from USD 40.9 billion in 2021, at a CAGR of 10.6% during the forecast period. The growth of this market is majorly attributed to the growing regulatory requirements & government initiatives to boost the adoption of RCM solutions, increasing patient volumes, and the growing need to manage unstructured healthcare data. However, the deployment of RCM software and the associated infrastructure requires significant investments, owing to which the adoption of RCM is low among small healthcare organizations. This, along with a dearth of skilled personnel, is expected to challenge......
 $5650

Speech and Voice Recognition Market with COVID-19 Impact Analysis by Delivery Method, Deployment Mode (On Cloud, On-Premises/Embedded), Technology (Speech Recognition, Voice Recognition), Vertical and Geography – Global Forecast to 2026

The speech and voice recognition market is expected to grow from USD 8.3 billion in 2021 to USD 22.0 billion by 2026; it is expected to grow at a CAGR of 21.6% during the forecast period. The major driving factors for the growth of the speech and voice recognition market include increase in use of smart appliance and use of artificial intelligence technology to boost accuracy of speech and voice recognition system. In terms of deployment mode on-premises to grow with the highest CAGR  from 2021 to 2026 The on-premises/embedded segment is expected to witness high growth owing to the recent advancement of speech and voice recognition as a multifactor authentication system in BFSI and other enterprise applications, where on-premises voice recognition is used for a high degree of consu......
 $5650
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