Funding for the Australian Defence Force (ADF) has faltered slightly over the past few years, as the Australian Federal Government begins to pursue surplus federal budgets. The industry has therefore increased only by a compound annual rate of 1.3% over the five years through 2012-13. Government funding is worth approximately 90% to 95% of industry revenue each year, and declined by 2.0% in 2010-11. Recent budget cuts in conjunction with widespread criticism over the quality and legitimacy of the 2009 Defence White Paper (DWP), has resulted in the acquiescence of the Australian government for a new DWP.
The Defence industry is part of Australia's public sector. The industry largely consists of the Australian Defence Force (ADF), within which sits various groups involved in defence and national security. This includes the army, navy, air force, intelligence organisations and administrative and support functions thereof. The industry excludes providers of services to defence and educational institutions for the defence force.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.