Belgian Defense Market Forecast to 2023 - Key Trends, Competitive Landscape and Challenges

"The Latest Research Report Future of the Belgian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

The Future of the Belgian 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.

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.

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In particular, it provides an in-depth analysis of the following -
- The Belgian defense industry market size and drivers: detailed analysis of the Belgian defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys 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 countrys 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

- The Belgium governments austerity measures and focus on reducing public debt have been the primary reasons for the decline in the defense budget from US$3.5 billion in 2014 to US$3.1 billion in 2018, reflecting a CAGR of -3.00%. Over the forecast period, the countrys defense budget is expected to recover and register a CAGR of 1.15%, increasing from US$3.1 billion in 2019 to US$3.3 billion by 2023.
- On a cumulative basis, expenditure over 2019-2023 is expected to be US$15.9 billion, higher than US$14.8 billion spent during the historic period. Commitment towards operations with NATO allies and the continuation of ongoing military hardware procurement programs are expected to drive the countrys military expenditure.
- The defense budget as a percentage of GDP is expected to decrease marginally from an average of 0.62% during 2014-2018 to 0.61% over the period 2019-2023.The countrys per capita defense expenditure is expected to increase from US$270.3 in 2018 to US$277.7 by 2023.

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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
- 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 Turkish defense industry covering sections including demand drivers,Key Trends and latest industry contracts

Table fo Contents

1. Introduction 7
1.1. What is this Report About? 7
1.2. Definitions 7
1.3. Summary Methodology 9
1.4. About Strategic Defence Intelligence 10
2. Executive Summary 11
3. Market Attractiveness and Emerging Opportunities 13
3.1. Current Market Scenario 14
3.1.1. Military Fleet Size 14
3.1.2. Procurement Programs 16
3.1.2.1. Ongoing procurement programs 16
3.1.2.2. Future procurement programs 17
3.1.2.3. Key Drivers and Challenges 18
3.2. Defense Market Size Historical and Forecast 19
3.2.1. Belgium defense expenditure is expected to increase at a CAGR of 1.15% over the forecast period 19
3.2.2. Equipment procurement plans and joint operations expected to drive defense expenditure over the forecast period 21
3.3. Analysis of Defense Budget Allocation 22
3.3.1. Belgiums defense expenditure as a percentage of GDP expected to decrease 22
3.3.2. Share of capital expenditure to average 6.2% over the forecast period 24
3.3.3. Capital expenditure expected to increase at a CAGR of 1.72% over 2019-2023 26
3.3.4. Per capita defense expenditure set to decrease over the forecast period 28
3.4. Homeland Security Market Size and Forecast 29
3.4.1. Belgium homeland security expenditure expected to increase at a CAGR of 4.09% over the forecast period 29
3.4.2. Drug trafficking and cyber security are the main homeland security concerns 31
3.4.3. Belgium falls under high risk of terrorism category 32
3.4.4. Belgium faces high level of threat from foreign terrorist organizations 33
3.4.5. Belgium has a terrorism index score of 4.7 35
3.5. Benchmarking with Key Global Markets 36
3.5.1. Belgium defense budget expected to increase at a higher rate than other European countries over the forecast period 36
3.5.2. Belgium defense expenditure is low compared to other European nations 38
3.5.3. Belgium allocates a comparatively low share of GDP for defense 39
3.6. Market Opportunities: Key Trends and Growth Stimulators 40
Top 10 Defense market sectors by value (US$ Million) - Projections over the period 2018-2023 40

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4. Defense Procurement Market Dynamics 41
4.1. Import Market Dynamics 42
4.1.1. Defense imports are expected to recover over the forecast period 42
4.1.2. Belgium sourced most its arms imports from its neighbors 43
4.1.3. Aircraft, Naval vessels and armored vehicles dominate military hardware imports 44
4.2. Export Market Dynamics 45
4.2.1. Arms exports to increase during the forecast period 45
4.2.2. Belgium arms exports expected to reach new markets over the forecast period 46
4.2.3. Aircraft and ships are the main exported defense products 47
5. Industry Dynamics 48
5.1. Market Regulation 48
5.1.1. Offset policy aids development of domestic defense industry 48
5.1.2. Belgium permits 100% FDI in defense industry 49
5.2. Market Entry Route 50
5.2.1. Budgeting Process 50
5.2.2. Procurement Policy & Process 51
5.2.3. Joint weapons development program, a viable market entry route 52
5.2.4. Subsidiaries provide market entry opportunities 52
5.2.5. Acquisition of domestic companies enables entrance to market 53
6. Competitive Landscape and Strategic Insights 54
6.1. Competitive Landscape Overview 54

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