The Defence industry is primarily funded by the Federal Government. The industry provides a public service to the Australian population through its protection of national security. Industry revenue is largely made up of Federal Government appropriations on behalf of taxpayers to fund necessary defence expenditure. The Defence industry is projected to be worth $29.4 billion in 2014-15, following an annualised growth of 1.4% over the past five years. Despite defence budget cuts in 2010-11 and 2012-13, revenue has grown as the industry has increasingly found other sources of income, such as the sale of capital equipment.
The Defence industry is part of Australia's public sector. The industry largely consists of the Department of Defence, within which sit various groups involved in defence and national security. This includes the army, navy, air force, intelligence organisations and associated administrative and support functions. 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.