Future of the Spanish Defense Industry - Market anticipated to grow at a CAGR of 7.09% over the forecast to 2025

An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Future of the Spanish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023” which provides an outlook for current market value as well as the expected growth of Spanish Defense Industry during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in these regions.

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The Future of the Spanish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023, published by Strategic Defence Intelligence, 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.
Synopsis

This report offers detailed analysis of the Spanish 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 Spanish defense industry market size and drivers: detailed analysis of the Spanish defense industry during 2019-2023, 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 Spanish defense industry.
Scope

• The Spanish defense industry, which values US$10.2 billion in 2018, is anticipated to grow at a CAGR of 7.09% over the forecast period to reach US$14 billion in 2023.
• The country was facing a fiscal debt due to its economic slowdown, which resulted in a cut in military procurements during 2015-2016. - - However, in 2017, Spain’s defense expenditure was stimulated and is anticipated to grow over the forecast period through its involvement in existing military procurement programs, security threats from terrorist organizations, and territorial disputes with Morocco.
• The country’s defense budget is anticipated to average 0.7% of GDP over the forecast period.
Reasons to buy

• This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Spanish 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
• Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
• A deep qualitative analysis of the Spanish defense industry covering sections including demand drivers, Key Trends , and latest industry contracts

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Table of Contents

1. Introduction 9
1.1. What is this Report About? 9
1.2. Definitions 9
1.3. Summary Methodology 11
1.4. About Strategic Defence Intelligence 12
2. Executive Summary 13

3. Market Attractiveness and Emerging Opportunities 15
3.1. Current Market Scenario 16
3.1.1. Primary threat perception 16
3.1.2. Military Doctrine and Strategy 17
3.1.3. Military Fleet Size 18
3.1.4. Procurement Programs 22
3.1.5. Ongoing procurement programs 22
3.1.6. Future procurement programs 23
3.1.7. Top Procurement Programs by Value (US$ Million) 2018-2023 24
3.1.8. Social, Political and Economic Environment and Support for Defense Projects 25
3.1.9. Political and Strategic Alliances 26
3.2. Defense Market Size - Historical and Forecast 27
3.2.1. Spanish defense budget is expected to grow at a CAGR of 7.09% over the forecast period 27
3.2.2. Territorial dispute with Morocco, security threats posed by terrorist organizations, and large equipment procurement programs will drive defense expenditure over the forecast period 29
3.3. Analysis of Defense Budget Allocation 31
3.3.1. Revenue expenditure accounts for the largest percentage share 31
3.3.2. Capital expenditure expected to increase at a CAGR of 9.22% over 2019-2023 33
3.3.3. Defense expenditure as a percentage of GDP is expected to reach 0.75% in 2023 35
3.3.4. Per capita defense expenditure set to increase over the forecast period 37
3.4. Homeland Security Market Size and Forecast 38
3.4.1. Homeland security expenditure is expected to register a CAGR of 2.28% over the forecast period 38
3.4.2. Border security and drug trafficking will drive homeland security expenditure in Spain 40
3.4.3. Spain is at “some risk” of terrorism 41
3.4.4. Spain faces some level of threat from foreign terrorist organizations 42
3.4.5. Spain has a terrorism index score of 1.7 44
3.5. Benchmarking with Key Global Markets 45
3.5.1. Spanish defense expenditure expected to increase over the forecast period 45
3.5.2. The country’s defense budget is relatively small compared to other leading spenders 47
3.5.3. Spanish defense expenditure as a percentage of GDP is expected to increase over the forecast period 48
3.6. Market Opportunities: Key Trends and Drivers 49
3.6.1. Top 10 Defense Market Categories by Value (US$ Million) - Forecast-Period Projections 49
3.6.2. Land-based C4ISR 50
3.6.3. Physical Security 51
3.6.4. Multirole Aircraft 52

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