Global aerospace & defence perspective
US continues to be the largest spender on aerospace & defence in the world, bigger than the top 15 defence-spending nations put together. Incidentally, US is also the most advanced nation in terms of R&D activity as well as the market structure. However, experts now see the emerging economies such as India and China coming up the curve in aerospace & defence spending in the near future.
R&D remains critical
R&D remains critical to the sustainability of this sector as no other sector is more strongly linked to the government spending of a country than this. Countries such as Russia & US spend big amounts on defence-related R&D every year. In fact, a closer look at the US R&D spend in aerospace, defence & national security over the past few years indicates that almost $11 billion is estimated to be spent in 2011, which is about 46% of the total global R&D spend projected in the same year.
US continues to be the largest spender on aerospace & defence in the world, bigger than the top 15 defence-spending nations put together. Incidentally, US is also the most advanced nation in terms of R&D activity as well as the market structure. However, experts now see the emerging economies such as India and China coming up the curve in aerospace & defence spending in the near future.
R&D remains critical
R&D remains critical to the sustainability of this sector as no other sector is more strongly linked to the government spending of a country than this. Countries such as Russia & US spend big amounts on defence-related R&D every year. In fact, a closer look at the US R&D spend in aerospace, defence & national security over the past few years indicates that almost $11 billion is estimated to be spent in 2011, which is about 46% of the total global R&D spend projected in the same year.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles
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Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
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IIPM B-School Facebook Page
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