Australia’s recent defence acquisitions emphasise a dual focus on modernisation efforts and developing indigenous capabilities within its Armed Forces.
GlobalData’s latest analysis highlights the nation’s proactive approach to maintaining a technologically advanced fleet, boosting domestic defence industries, and fostering self-reliance for a secure future.
Australia’s defence equipment has recently transformed, marked by an emphasis on enhancing indigenous capabilities and modernisation.
GlobalData, a leading data analytics company, reports that recent acquisition programs, including the LAND 400 Phase 2 Mounted Combat Vehicle, Hunter-class (SEA 5000), F-35A, and Remotely Piloted Aircraft Systems (RPAS), indicate Australia’s strategic vision to strengthen its military capabilities across multiple domains.
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According to GlobalData’s “Fleet Size Dashboard,” approximately 70% of Australia’s military fleet, comprising land vehicles, fixed-wing aircraft, rotorcraft, artillery systems, naval vessels, missile defence systems, and submarines, boasts an average lifespan of less than ten years.
Almost the entire fleet of military platforms operated by the Australian Defence Force is under 30 years old, showcasing the nation’s proactive approach to maintaining a modern and technologically advanced fleet.
A notable revelation is that 83% of Australia’s military fleet is indigenous, signalling the country’s commitment to nurturing domestic defence industries. This commitment aligns with Australia’s broader vision of self-reliance and securing its sovereign territories, reducing its dependence on foreign suppliers and ensuring long-term sustainability and resilience.
Harpreet Sidhu, Aerospace and Defence Analyst at GlobalData commends Australia’s investment in modern assets, “Australia’s investment in modern assets indicates its focus on operational readiness and strengthening the ability to respond effectively to evolving threats.
Over the years, the Australian government has been encouraging international businesses to establish manufacturing facilities in the country in collaboration with local companies, which has not only improved its domestic defence capabilities but also boosted economic growth by creating jobs.”
In addition to catering to its armed forces, Australia has emerged as an exporter of locally manufactured defence platforms to various countries worldwide.
The majority of Australian exports are directed towards countries in the Asia-Pacific region, including Indonesia, New Zealand, and Malaysia. Furthermore, Australia has successfully exported defence platforms to countries such as the Netherlands and Ukraine in the European region.
As Australia’s strategic focus on indigenous capabilities continues, it strengthens its defence industry, promotes innovation, and enhances its ability to tackle future challenges independently.
GlobalData believes Australia’s commitment to modernisation and indigenous capabilities will position the nation as a significant player in the global defence market, fostering a secure and self-reliant future for the country and its Armed Forces.