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Industry Report
Asia Pacific

Unmanned Vehicles Industry in Australia

July 1, 2019

As one of the richest nations in the world, Australia is currently in a strong economic position. Over the last quarter century, Australia’s medium-sized AU$1.7 trillion economy (ranked 14th in the world), has proven exceptionally resilient, recording 27 years of uninterrupted economic growth.

As part of the larger autonomous systems sector, Australian industry and government have identified unmanned vehicles as a critical component in the nation’s future economic success, and the sector offers Australia an important opportunity to drive the next wave of economic growth.

For the purpose of this report, the Australian unmanned vehicles sector has been split into three sub-categories:

  • Unmanned Aerial Vehicles
  • Unmanned Land Vehicles
  • Autonomous Road Vehicles

Australia is well-placed to capitalize on the global growth in unmanned vehicles, and the Australian unmanned vehicles sector offers compelling opportunities for Virginia-based companies looking to do business in the market. Over the next five years, the Asia-Pacific region is forecast to be the fastest growing sector of the global unmanned vehicles market.

Industry Report
Asia Pacific

Cybersecurity in Australia

June 12, 2019

As one of the richest nations in the world, Australia is currently in a strong economic position. Over the last quarter century, Australia’s medium-sized AU$1.7 trillion economy (ranked 14th in the world), has proven exceptionally resilient, recording 27 years of uninterrupted economic growth.

Maturity in Australia’s cybersecurity sector means that Australia is well positioned to provide an ideal growth environment for cyber businesses, with existing strengths in core research areas such as quantum computation, wireless technology, trustworthy systems and niche high-value hardware. While the global cybersecurity market is forecast to grow rapidly over the coming years, cybersecurity spending in the Indo-Pacific region is expected to increase faster than the global average. Several Indo-Pacific countries (e.g. China, India, Malaysia, Singapore) are emerging as significant buyers of cybersecurity solutions, and according to AustCyber’s Cyber Competitiveness Plan, the region will account for approximately one-quarter of global cybersecurity spending by 2026.

This report is intended to provide Virginia exporters with a general overview of Australia’s cybersecurity sector, as well as offer specific insights into the status of cybersecurity in Australia’s healthcare, defense, critical infrastructure and banking, financial services and insurance sectors.

Industry Report
Asia Pacific

Emerging Technology in Australia

June 3, 2019

As one of the richest nations in the world, Australia is currently in a strong economic position. Over the last quarter century, Australia’s medium-sized AU$1.7 trillion economy (ranked 14th in the world), has proven exceptionally resilient, recording 27 years of uninterrupted economic growth. Both Australian industry and government have recognized that emerging technology and digital innovation are critical ingredients to the nation’s ongoing economic success, and offer Australia the opportunity to drive the next wave of economic growth. Australia’s future economic prosperity depends on its ability to harness emerging technologies, and follow the lead of countries who are already investing heavily in the digital economy to take advantage of the significant economic and social opportunities that it presents.

The ICT & Emerging Technology section of this report is intended to provide Virginia companies with a general overview of the sector in Australia, as well as offer specific insights into three key strategic areas that have been identified as critical to the next wave of Australian economic growth:

  • The Internet of Things (IoT)
  • Robotics and Artificial Intelligence
  • Software

This report also includes an overview of the Australian Digital Health sector as an additional sector undergoing digital transformation that present opportunities to Virginia exporters.

The next wave of digital innovation – the Fourth Industrial Revolution – plays to many of Australia’s existing competitive strengths and economic imperatives, and will create new markets, products and services in industries where Australia has a significant presence, such as mining, resources, and agriculture. Australia remains well-paced to capitalize on the opportunities afforded by digital innovation, and the Australian emerging technology sector offers compelling opportunities for Virginia-based companies looking to do business in the market.

Industry Report
Asia Pacific

Healthcare in India

June 1, 2019

Healthcare has become one of India’s largest sectors, based on both revenue and employment. By 2020, the Indian healthcare market is expected to increase by a CAGR of 16% to $280 billion. India may be known for its tech-savvy youth, but the share of its population aged 60 and older is projected to climb to 19% by 2050, up 8% from 2019. There has been increased spending on public and private hospitals to improve services for India’s aging population.

Improvement in income levels has enabled urban and rural families to increase their spending on healthcare services. Increases in healthcare spending is most prominent among urban middle class households. India has also seen an increase in health insurance penetration levels, which has helped in expanding the base of patients who can afford healthcare services.

This report examines a variety of subsectors within the healthcare market, including hospital services, pharmaceuticals, medical devices, and diagnostics centers. The report also identifies factors impacting the growth of the healthcare market, challenges, and government initiatives.

Industry Report
Asia Pacific

Skill Training and Education in India

June 1, 2019

Against the backdrop of India’s rapidly aging population, skill development and education will prove critical for achieving India’s goal of raising workforce participation from 58% to 80% in order to be on par with China. India has one of the largest networks of higher education institutions in the world, and the Government of India’s target of Gross Enrollment Ratio of 30% for higher education by 2020 is expected to drive investments in the education space.

The vocational training market has increased from $1.4 billion in 2011 to $4.6 billion in 2018. The Government has set a target of preparing 500 million skilled workers by 2022. Out of around 75 million jobs that will be created over the next 5 years, 75% will require vocational training to enhance the employability prospects.

This report further examines the Skill Training and Education sector in India, providing insight into market drivers, key trends, the emergence of online education, the regulatory system, and future outlook.

Industry Report
Middle East

Defense and Security – Qatar

June 1, 2019

As a small state, Qatar’s defense policy is focused on self-defense and the strategy of sheltering, both of which are achieved through major investments in its military and internal security. The State has allocated at least $6.5 billion in defense expenditures for 2019. Such investments have been a major contributing factor in securing Qatar as one of the safest countries in the world with the seventh-lowest crime rate, according to the World Economic Forum.

Historically, Qatar has been a major defense partner to the United States, starting most notably after Operation Desert Storm in 1991, when the US-Qatar Defense Cooperation Agreement (DCA) was signed. DCA has since then been renewed twice, each time for 10 years in December 2002 and December 2013. The defense pact covers US arms sales to Qatar, US troop presence in Qatar, and the importance of interoperability. The US and Qatar also share a strong partnership through their involvement in the 33-nation Combined Maritime Force (CMF) Task Force-152. Qatar’s Navy and Coast Guard make up the largest maritime contribution to this task force, led by the US Navy’s Fifth Fleet. In January 2019, the second annual “Strategic Dialogue” between the US and Qatar took place in which both parties reaffirmed their intent to combat international terrorism.

This report focuses on four strategic areas that have been identified as opportunities for Virginia companies:

  • Equipment and infrastructure
  • Border security
  • Physical training and security
  • Cyber security

This report further examines the current landscape of the Qatari Defense and Security sector, current military and defense projects, and provides insight into entering the market.

As Qatar continues to grow, prior to and after the 2022 FIFA World Cup, defense expenditures will continue to rise. Qatar will continue to procure mostly American-made defense articles over the coming years, and is seeking American training for its forces and personnel. Physical security on the ground in Qatar is also critical for the State, both for the 2022 FIFA World Cup, and to prolong the growth of its private sector and the development of Doha as a regional economic hub. Thus, opportunities will continue to exist for American companies to provide security services and technologies.