Press release
Spain-Defense and Security: Modernization programs to drive expenditure (Strategy, Performance and Risk Analysis)
About Spain-Defense and Security Market
The aircraft category is a key growth driver of the Spanish defense and security industry, accounting for 54.8% of capital expenditure in 2016; followed by the C4ISR electronics and IT category with 13.6%. The countrys defense expenditure stood at US$7.7 billion in 2016 and will post a forecast-period CAGR of 3.8% to reach US$8.3 billion in 2021. Military procurement programs, security threats from terrorist organizations auch as Euskadi ta Askatasuna, territorial disputes with Morocco, and illegal drug transit will be the key drivers.
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MarketLines premium reports provide a comprehensive overview of each market within a countrys defense industry; benchmark key performance indicators against regional and global peers; review industry trends and drivers; evaluate the competitive landscape and innovation potential of singular markets; and conduct data-driven SWOT analysis to ascertain a structured assessment of the performance of each territory represented.
Key Highlights
Spain to focus on joint venture programs:
The Spanish government is encouraging domestic defense firms to collaborate with foreign defense organizations from France and Germany to enhance the countrys technological capabilities. In an effort to increase R&D, the government has built technology centers with a combined workforce of over 2,000 personnel.
Spain focuses on homeland security:
The Spanish governments expenditure on homeland security stood at US$10.0 billion in 2016 and will post a forecast-period CAGR of 1.3% to reach US$10.5 billion in 2020. The expected increase in expenditure is due to the countrys growing focus on containing drug trafficking, illegal immigration and terrorist activities. Recent turmoil in the North African region has exacerbated problems relating to illegal immigration, thereby increasing the urgency of acquiring enhanced border security and control systems.
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Spain reported a decline in its capital expenditure:
Spains capital expenditure on defense stood at US$874.8 million in 2012 and gradually declined to US$678.5 million in 2016. It will post a forecast-period CAGR of 4.2% to reach US$695.5 million in 2021. The decline in capital expenditure was due in part to the European debt crisis, causing the government to take austerity measures. It led to a reduction in the procurement of military aircraft and other arms contracts during 2012-2016 and caused delays or cancellations to defense projects because of a rise in project costs.
Scope
- Industry Snapshot and Industry View - Key defense and security industry statistics including total expenditure, revenue expenditure, and capital expenditure are analysed to reveal the key issues and trends driving market performance in the Spanish defense and security market.
- Industry SWOT Analysis - Discover the Strengths, Weaknesses, Opportunities and Threats impacting market performance and investment in the Spanish defense and security market.
- Industry Benchmarking - Benchmark how the Spanish defense and security market is performing compared to regional and global markets in terms of total expenditure, revenue expenditure, and capital expenditure to gauge potential for growth or market entry.
- Competitive Landscape - Detailed overview and product offerings of the leading defense and security players in Spain.
Reasons to buy
- How is the market performing in terms of: total expenditure, revenue expenditure, and capital expenditure?
- How risky is it to invest in the Spanish defense and security industry compared to other European countries?
- What is driving the performance of key industry segments such as aircraft, C4ISR electronics & IT, naval ships, helicopters, military vehicles, and others?
- Who are the leading players in the Spanish defense and security industry and their overview and product portfolio?
- What trends are being witnessed within the Spanish defense and security industry?
- What are the Spanish defense and security industrys Strengths and Weaknesses and what Opportunities and Threats does it face?
- What are the recent developments and innovations in the Spanish defense and security industry?
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Table of Contents
Conflict &Costs Index 3
Industry Snapshot 7
Industry View 25
Industry SWOT Analysis 29
Industry Benchmarking 35
Industry Performance 54
Competitive Landscape 69
Innovation 75
Deals 77
Key Developments 81
Appendix 86
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