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Future of the Belgian Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2024

Future of the Belgian Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2024

Publishing Date : Feb, 2019

License Type :
 

Report Code : 1454003

No of Pages : 74

Synopsis
Future of the Belgian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024

Summary

"Future of the Belgian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024", published, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news.

This report offers detailed analysis of the Belgian defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following -
- The Belgium defense industry market size and drivers: detailed analysis of the Belgian defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns.
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
- Market opportunities:list of the top ten defense investment opportunities over the next 5 years.
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Belgian defense industry.

Scope

- Belgium's military expenditure, which stands at US$3.1 billion in 2019, is anticipated to grow from US$3.1 billion in 2020 to value US$3.4 billion in 2024, registering a CAGR of 1.99% over the forecast period, primarily fueled by the ongoing military hardware procurement.
- Military expenditure, on a cumulative basis, is anticipated to be US$16.3 billion, which is higher than the US$14.4 billion spent during the historic period.
- Belgium is an active participant in joint operations with the European Union (EU) and peacekeeping operations with NATO and the United Nations (UN), and as such, seeks higher spending in terms of its defense sector.
- The defense budget as a percentage of GDP is expected to decrease marginally from an average of 0.56% during 2015-2019 to 0.49% over 2020-2024.
- The country’s per capita defense expenditure is expected to increase from US$268.3 in 2019 to US$288.9 in 2024.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Belgian defense industry market trends for the coming five years.
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period.
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector.
- A deep qualitative analysis of the Belgian defense industry covering sections including demand drivers, key trends and latest industry contracts.

Companies Mentioned
Israel Aerospace Industries (IAI)
Lockheed Martin
Embraer
Airbus
NH Industries
Leonardo (SIAI Marchetti)
Dassault/Dornier
MOWAG/ General Dynamics European Land Systems
Steyr-Daimler-Puch
Spezialfahrzeuge (SSF)/ General Dynamics
Damen Schelde Naval Shipbuilding (DSNS)
Mecar SA.
Thales Belgium
Northrop Grumman Corp
Airbus Helicopters

Geographical Area
Belgium
Index
Table of Contents
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About GlobalData
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Equipment of Belgian Military
3.1.2. Procurement Programs
3.1.3. Ongoing procurement programs
3.1.4. Future procurement programs
3.1.5. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Belgium’s defense expenditure is anticipated to increase at a CAGR of 1.99% over the forecast period
3.2.2. Equipment procurement plans and joint operations expected to drive defense expenditure over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Belgium’s defense expenditure as a percentage of GDP anticipated to decrease
3.3.2. Capital expenditure share to average 20.2% over the forecast period
3.3.3. Capital expenditure expected to increase at a CAGR of 8.27% over 2020-2024
3.3.4. Per capita defense expenditure set to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Belgium’s homeland security expenditure expected to increase at a CAGR of 4.90% over the forecast period
3.4.2. Drug trafficking and cyber security are the country’s main homeland security related concerns
3.5. Benchmarking with Key Global Markets
3.5.1. Belgium’s defense budget is expected to increase at a lower rate than other European countries over the forecast period
3.5.2. Belgium’s defense expenditure is low compared to other European nations
3.5.3. Belgium allocates a comparatively low share of GDP to defense
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections over 2019-2024
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports are expected to recover over the forecast period
4.1.2. Belgium sourced most its arms imports from its neighbors
4.1.3. Aircraft, naval vessels and sensors dominated military hardware imports
4.2. Export Market Dynamics
4.2.1. Arms exports to increase over the forecast period
4.2.2. Belgium’s arms exports expected to reach new markets over the forecast period
4.2.3. Armored vehicles and aircraft are the main exported defense products
5. Market Entry Strategy
5.1. Market Regulation
5.1.1. Offset policy aids development of domestic defense industry
5.1.2. Belgium permits 100% FDI in the defense industry
5.2. Market Entry Route
5.2.1. Budgeting Process
5.2.2. Procurement Policy and Process
5.2.3. Joint weapons development program, a viable market entry route
5.2.4. Subsidiaries provide market entry opportunities
5.2.5. Acquisition of domestic companies enables entrance to market
6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview
7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. Gross Domestic per Capita
7.1.2. Gross Domestic Product, current US$ Billion
7.1.3. Exports of Goods and Services
7.1.4. Imports of Goods and Services
7.1.5. Gross National Disposable Income
7.1.6. Local Currency Unit per US$
7.1.7. Market Capitalization of Listed Companies
7.1.8. Market Capitalization of Listed Companies as a Percentage of GDP
7.1.9. Government Cash Surplus/Deficit as a Percentage of GDP
7.1.10. Goods Exports as a Percentage of GDP
7.1.11. Goods Imports as a Percentage of GDP
7.1.12. Services Imports as a Percentage of GDP
7.1.13. Services Exports as a Percentage of GDP
7.1.14. Foreign Direct Investment, net (BoP, current US$ Billion)
7.1.15. Net Foreign Direct Investment as a Percentage of GDP
7.1.16. Mining, Manufacturing, Utilities Output
8. Appendix
8.1. About GlobalData
8.2. Disclaimer
List of Tables
List of Tables
Table 1: Belgian Army Strength
Table 2: Belgian Navy Strength
Table 3: Belgian Air Force Strength
Table 4: Belgium Ongoing Procurement Programs
Table 5: Belgium Future Procurement Programs
Table 6: Belgium Defense Expenditure (EUR Billion & US$ Billion), 2015-2024
Table 7: Belgium GDP Growth vs Defense Expenditure as a Percentage of GDP, 2015-2024
Table 8: Belgium Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 9: Belgian Procurement Plans, 2019-2030
Table 10: Belgium Defense Capital Expenditure (EUR Million & US$ Million), 2015-2024
Table 11: Belgium Per Capita Defense Expenditure (US$), 2015-2024
Table 12: Belgian Homeland Security Expenditure (EUR Billion & US$ Billion), 2015-2024
Table 13: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
Table 14: Top 10 Belgian Defense Market Sectors by Value (US$ Million) - 2019-2024
Table 15: Offset Regulations in Belgium
Table 16: Belgium’s Participation in International Defense Development Programs
Table 17: Competitive Landscape of the Belgian Defense Industry

List of Figures
List of Figures
Figure 1: Belgian Defense Budget, 2020 and 2024
Figure 2: Belgian Defense Imports/Exports, 2013 and 2017
Figure 3: Belgium’s Top Prospective Procurements/Developments
Figure 4: Belgian Defense Expenditure (EUR Billion), 2014-2023
Figure 5: Belgian Defense Expenditure (US$ Billion), 2014-2023
Figure 6: Belgium GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2015-2024
Figure 7: Belgium Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 8: Belgian Defense Capital Expenditure (EUR Million), 2015-2024
Figure 9: Belgian Defense Capital Expenditure (US$ Million), 2015-2024
Figure 10: Belgium Per Capita Defense Expenditure (US$), 2015-2024
Figure 11: Belgian Homeland Security Budget (EUR Billion), 2015-2024
Figure 12: Belgian Homeland Security Budget (US$ Billion), 2015-2024
Figure 13: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
Figure 14: Benchmarking with World’s Largest and Top Regional Defense Spenders (US$ Billion), 2019 and 2024
Figure 15: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 16: Belgian Defense Import Trend, 2013-2017 (TIV Values in US$ Million)
Figure 17: Belgian Defense Imports by Country (%), 2013-2017
Figure 18: Belgian Defense Imports by Category (%),2013-2017
Figure 19: Belgian Defense Exports Trend (TIV Values in US$ Million), 2013-2017
Figure 20: Belgian Defense Exports by Country (%), 2013-2017
Figure 21: Belgium Defense Exports by Category (%), 2013-2017
Figure 22: Belgium’s Budgeting Process
Figure 23: Belgium GDP per Capita, 2015-2025
Figure 24: Belgium Gross Domestic Product (current US$ Billion), 2015-2025
Figure 25: Belgium Exports of Goods and Services (current LCU Billion), 2005-2014
Figure 26: Belgium Imports of Goods and Services (current LCU Billion), 2005-2014
Figure 27: Belgium Gross National Disposable Income (US$ Billion), 2005-2013
Figure 28: Belgium LCU per US$, 2015-2024
Figure 29: Belgium Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 30: Belgium Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 31: Belgium Government Cash Surplus/Deficit (% of GDP), 2005-2012
Figure 32: Belgium Goods Exports (% of GDP), 2005-2014
Figure 33: Belgium Goods Imports (% of GDP), 2005-2014
Figure 34: Belgium Services Imports (% of GDP), 2005-2014
Figure 35: Belgium Services Exports (% of GDP), 2005-2014
Figure 36: Belgium Foreign Direct Investment, net (BoP, current US$ Billion), 2005-2014
Figure 37: Belgium Net Foreign Direct Investment (% of GDP), 2005-2014
Figure 38: Belgium Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

Published By : GlobalData

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