MULTIPLE BUSINESS OPPORTUNITIES ACROSS THE BOARD AT DEFENSE & SECURITY 2015
A decade ago, Asian nations (excluding Australia and New Zealand) were spending $100 billion less on their militaries than the 26 European countries in the North Atlantic Treaty Organization (NATO). The International Institute for Strategic Studies pegged Asian defense spending last year at $287 billion - an 8.6 % annual growth rate - while European spending declined to $262 billion, an average 3.6% drop.
Today no country can take security for granted. And with the increasing number of airports in the region the need to adopt more modern security infrastructure is urgent.
Maritime ports and services also present great opportunities. The current seaport security market in ASEAN is USD 1.97 billion but is expected to exceed 4 billion by 2015. Coast Guard agencies are actively seeking a variety of technologies such as Vessel Traffic Monitoring Systems, Automatic and Long Range Identification Systems and Maritime Patrol aircraft.
Expenditure in seaport security is projected to remain exeptional, rising by 110% to USD 15.8 billion in 2015. Security now includes container screening devices, high energy X-ray systems and automated explosive detectors. The maritime security market is presently USD 3.12 billion and will rise to USD 6 billion by 2015.
With rapid economic development in the region, member states are now substantially increasing their defense spending which will make DEFENSE & SECURITY 2015 of even greater significance. Now the leading Tri-Service Asian Defense & Security Exhibition, Conference and Networking Event, the 2015 show will be one of the biggest and most important Defense & Security exhibitions ever held in the region.
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SHOW PREVIEW 2015
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