The Spanish Defense Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015

iCD Research, July 2010, Pages: 163

This report offers insights into the market opportunities and entry strategies adopted by foreign OEMs (original equipment manufacturers) to gain a market share in the Spain defense industry.

In particular, it offers in-depth analysis of the following:

- Market opportunity and attractiveness: detailed analysis of the current industry size and growth expectations during 2010–2015, including highlights of the key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of- emerging opportunities in specific areas.
- Procurement dynamics: trend analysis of imports and exports, together with its implications and impact on the Spain defense industry.
- Industry structure: five forces analysis to identify various power centers in the industry and how these are likely to develop in the future.
- Market entry strategy: analysis of possible ways to enter the market, together with detailed descriptions of how existing players have entered the market, including key contracts, alliances, and strategic initiatives.
- Competitive landscape and strategic insights: analysis of competitive landscape of the defense industry in Spain. It provides an overview of key defense companies (both domestic and foreign), together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
- Business environment and country risk: a range of drivers at country level, assessing business environment and country risk. It covers historical and forecast values for a range of indicators, evaluating business confidence, economic performance, infrastructure quality and availability, labor force, demographics, and political and social risk.

Synopsis:
- Top level overview of the Spanish defense industry
- A breakdown of the Spain defense industry by spend pattern valued from 2004 through 2009 and forecasted from 2010 through 2015
- A breakdown of the markets by segment valued from 2004 through 2009 and forecasted from 2010 through 2015
-Details of top companies active across the Spanish defense industry
- Emerging trends and opportunities in the Spain defense industry in the last 12 months

Scope:
- Analysis of Defense industry market size from 2004 through 2009 and forecasts till 2015
- Analysis of defense budget allocation
- Benchmarking with key global markets
- Market opportunities
- Defense procurement dynamics
- Industry dynamics
- Market entry strategy
- Competitive landscape and strategic insights
- Business environment and country risk

Reasons To Buy:
- Gain insight into Spain defense industry with current, historic and forecast market values
- Get insight on market opportunity and attractiveness
- Get insight on industry procurement dynamics
- Gain insight on industry structure
- Gain insight into the regulations governing the Spain defense industry and the potential market entry strategies with an expert analysis of the competitive structure
- Identify top companies of the Spain defense industry along with profiles of all those companies

Key Highlights:

Spanish military expenditure, estimated to be US$10.1 billion in 2010, grew at a CAGR of 6.53% during the review period. However, due to financial constraints caused by the global economic crisis, the nation’s military expenditure is expected to register a CARC of -1.05% during the forecast period, to fall to US$9.6 billion in 2015. Despite cuts to the defense budget, factors that will influence the defense expenditure of the country include security threats, international missions and its strained relationship with Morocco. During the review period, the nation allocated an average 0.8% of its GDP towards defense expenditure. However, this is likely to decline to an average 0.7% of its GDP during the forecast period in order to reduce the overall budget deficit of the country.

1 Introduction
1.1 About this Report
1.2 Definitions
1.3 Methodology
1.3.1 Secondary research
1.3.2 Primary research
1.3.3 Conventions
1.4 ICD Research Terrorism Index
1.5 About ICD Research Defense Intelligence Center
1.6 About Strategic Defence Intelligence

2 Executive Summary

3 Market Attractiveness and Emerging Opportunities
3.1 Defense Market Size - Historical and Forecast
3.1.1 Spanish defense expenditure expected to be US$9.6 billion by 2015
3.1.2 Strained relationship with Morocco, security threats and international peacekeeping missions will drive defense expenditure during forecast period
3.1.3 Defense expenditure as a percentage of GDP to fall to 0.7% during forecast period
3.2 Analysis of Defense Budget Allocation
3.2.1 Share of capital expenditure expected to increase at CAGR of 3.78%
3.2.2 Share of army expenditure expected to increase
3.2.3 Capital expenditure for army expected to increase during the forecast period
3.2.4 Naval defense budget expected to be US$1.3 billion by 2015
3.2.5 Country expected to spend US$8.1 billion on its air force during 2010-15
3.2.6 Majority of the defense budget is allocated for the Secretary for State of Defense, intelligence services and Secretary of Defense
3.3 Homeland Security Market Size and Forecast
3.3.1 Homeland security market expected to grow at a CAGR of 2.06% during forecast period
3.3.2 Maritime security threats and drug trafficking will drive homeland security spending
3.3.3 Spain is “moderately affected” by terrorism
3.3.4 Spain has a terrorism index score of 0.6
3.4 Benchmarking with Key Global Markets
3.4.1 Spanish defense expenditure likely to decrease during the forecast period
3.4.2 The country’s defense budget is moderate compared to other leading spenders
3.4.3 The country emerged as the eighth largest arms exporter in the world during the review period
3.4.4 Spanish defense expenditure as a percentage of GDP lowest among the leading spenders
3.4.5 Spain faces moderate terror threat
3.5 Market Opportunities: Key Trends and Drivers
3.5.1 Security threats will drive the demand for armored fighting vehicles
3.5.2 International missions will drive the demand for helicopters
3.5.3 Technology catering to border security and critical infrastructure protection will witness a surge in demand
3.5.4 Demand for missile defense systems expected to increase

4 Defense Procurement Market Dynamics
4.1 Import Market Dynamics
4.1.1 Acquisition of modern technology drives Spanish defense imports
4.1.2 Defense imports registered an increase in 2009
4.1.3 Germany emerged as significant arms supplier to Spain
4.1.4 Armored vehicles account for majority of imports
4.2 Export Market Dynamics
4.2.1 Arms exports continued to increase in 2009
4.2.2 Majority of Spanish arms are exported to Norway
4.2.3 Ships are the most exported defense goods

5 Industry Dynamics
5.1 Five Forces Analysis
5.1.1 Bargaining power of supplier: low
5.1.2 Bargaining power of buyer: high
5.1.3 Barrier to entry: medium
5.1.4 Intensity of rivalry: high
5.1.5 Threat of substitution: high

6 Market Entry Strategy
6.1 Market Regulation
6.1.1 Offset policy mandates suppliers to invest 100% of the contract value into the Spanish economy
6.1.2 Spanish defense industry open to foreign direct investment
6.2 Market Entry Route
6.2.1 Foreign OEMs venture into the market by partnering with domestic defense firms
6.2.2 Joint R&D provides an attractive entry route to foreign OEMs
6.3 Key Challenges
6.3.1 Defense budget cuts discourage investors from entering the market
6.3.2 Project delays deter defense industry growth

7 Competitive Landscape and Strategic Insights
7.1 Competitive Landscape Overview
7.2 Key Foreign Companies
7.2.1 Thales: overview
7.2.2 Thales: defense products
7.2.3 Thales: recent announcements and strategic initiatives
7.2.4 Thales: alliances
7.2.5 Thales: recent contract wins
7.2.6 Thales: financial analysis
7.2.7 Iveco: overview
7.2.8 Iveco: defense products
7.2.9 Iveco: recent announcements and strategic initiatives
7.2.10 Iveco: alliances
7.2.11 Iveco: recent contract wins
7.2.12 Iveco: financial analysis
7.3 Key Public Sector Companies
7.3.1 Navantia: overview
7.3.2 Navantia: defense products
7.3.3 Navantia: recent announcements and strategic initiatives
7.3.4 Navantia: alliances
7.3.5 Navantia: recent contract wins
7.3.6 Navantia: financial analysis
7.4 Key Private Sector Players
7.4.1 Santa Barbara Sistemas: overview
7.4.2 Santa Barbara Sistemas: defense products
7.4.3 Santa Barbara Sistemas: recent announcements and strategic initiatives
7.4.4 Santa Barbara Sistemas: alliances
7.4.5 Santa Barbara Sistemas: recent contract wins
7.4.6 Santa Barbara Sistemas: financial analysis
7.4.7 Aernnova Aerospace S.A.: overview
7.4.8 Aernnova Aerospace S.A.: defense products
7.4.9 Aernnova Aerospace S.A.: recent announcements and strategic initiatives
7.4.10 Aernnova Aerospace S.A.: alliances
7.4.11 Aernnova Aerospace S.A.: recent contract wins
7.4.12 Aernnova Aerospace S.A.: financial analysis
7.4.13 Aries Ingenieria Y Sistemas, S.A.: overview
7.4.14 Aries Ingenieria Y Sistemas, S.A.: defense products
7.4.15 Aries Ingenieria Y Sistemas, S.A.: recent announcements and strategic initiatives
7.4.16 Aries Ingenieria Y Sistemas, S.A.: alliances
7.4.17 Aries Ingenieria Y Sistemas, S.A.: recent contract wins
7.4.18 Aries Ingenieria Y Sistemas, S.A.: financial analysis
7.4.19 Indra Sistemas S.A.: overview
7.4.20 Indra Sistemas SA: defense products
7.4.21 Indra Sistemas S.A.: recent announcements and strategic initiatives
7.4.22 Indra Sistemas S.A.: alliances
7.4.23 Indra Sistemas S.A.: recent contract wins
7.4.24 Indra Sistemas SA: financial analysis
7.4.25 Sociedad De Electrónica Submarina, S.A.: overview
7.4.26 Sociedad De Electrónica Submarina, S.A.: defense products
7.4.27 Sociedad De Electrónica Submarina, S.A.: recent announcements and strategic initiatives
7.4.28 Sociedad De Electrónica Submarina, S.A.: alliances
7.4.29 Sociedad De Electrónica Submarina, S.A.: recent contract wins
7.4.30 Sociedad De Electrónica Submarina, S.A.: financial analysis
7.4.31 Parafly, S.A.: overview
7.4.32 Parafly, S.A.: defense products
7.4.33 Parafly, S.A.: recent announcements and strategic initiatives
7.4.34 Parafly, S.A.: alliances
7.4.35 Parafly, S.A.: recent contract wins
7.4.36 Parafly, S.A.: financial analysis
7.4.37 Tecnobit: overview
7.4.38 Tecnobit: defense products
7.4.39 Tecnobit: recent announcements and strategic initiatives
7.4.40 Tecnobit: alliances
7.4.41 Tecnobit: recent contract wins
7.4.42 Tecnobit: financial analysis
7.4.43 Uro Vehiculos Especiales S.A.: overview
7.4.44 Uro Vehiculos Especiales S.A.: defense products
7.4.45 Uro Vehiculos Especiales S.A.: recent announcements and strategic initiatives
7.4.46 Uro Vehiculos Especiales S.A.: alliances
7.4.47 Uro Vehiculos Especiales S.A.: recent contract wins
7.4.48 Uro Vehiculos Especiales S.A.: financial analysis
7.4.49 Amper: overview
7.4.50 Amper: defense products
7.4.51 Amper: recent announcements and strategic initiatives
7.4.52 Amper: alliances
7.4.53 Amper: recent contract wins
7.4.54 Amper: financial analysis

8 Business Environment and Country Risk
8.1 Business Confidence
8.1.1 Industrial business climate indicator
8.1.2 Market capitalization trend - Spanish Stock Exchange (BME), Spain
8.1.3 FDI inflows by sector
8.1.4 Deployment of credit by sector
8.2 Economic Performance
8.2.1 GDP at constant prices
8.2.2 GDP per capita at constant prices
8.2.3 GDP at current prices
8.2.4 GDP per capita at current prices
8.2.5 GDP split by key segments
8.2.6 Agriculture net output at current prices (EUR)
8.2.7 Agriculture net output at current prices (US$)
8.2.8 Agriculture net output at current prices as percentage of GDP
8.2.9 Manufacturing net output at current prices (EUR)
8.2.10 Manufacturing net output at current prices (US$)
8.2.11 Manufacturing net output at current prices as percentage of GDP
8.2.12 Mining, manufacturing and utilities net output at current prices (EUR)
8.2.13 Mining, manufacturing and utilities at current prices (US$)
8.2.14 Mining, manufacturing and utilities at current prices as percentage of GDP
8.2.15 Construction net output at current prices (EUR)
8.2.16 Construction net output at current prices (US$)
8.2.17 Construction output at current prices as a Percentage of GDP
8.2.18 Crude steel production
8.2.19 Crude oil consumption
8.2.20 Inflation rate
8.2.21 Fiscal deficit as a percentage of GDP
8.2.22 Trade balance as a percentage of GDP
8.2.23 Exports as a percentage of GDP
8.2.24 Imports as a percentage of GDP
8.2.25 Exports growth
8.2.26 Imports Growth
8.2.27 External debt as percentage of GDP
8.2.28 Annual average exchange rate US$–EUR
8.2.29 End of the period exchange rate US$–EUR
8.3 Infrastructure Quality and Availability
8.3.1 Total airports and ports
8.3.2 Railways and highways
8.3.3 Passenger vehicle production volume
8.3.4 Commercial vehicle production volume
8.3.5 Automotive components export trend
8.3.6 Automotive product imports trend
8.3.7 Passenger car penetration
8.3.8 Total installed capacity for electricity generation
8.3.9 Installed capacity for conventional thermal electricity generation
8.3.10 Electricity production
8.3.11 Installed capacity for hydroelectricity generation
8.3.12 Installed capacity for renewable electricity generation
8.3.13 Electricity consumption
8.3.14 Electricity exports
8.3.15 Electricity imports
8.3.16 Healthcare expenditure
8.3.17 Healthcare expenditure as a percentage of GDP
8.3.18 Healthcare expenditure per capita
8.3.19 R&D expenditure as a percentage of GDP
8.3.20 Total internet subscribers
8.3.21 Broadband internet subscribers
8.3.22 Personal computer penetration
8.3.23 Mobile phone penetration rate
8.4 Labor Force
8.4.1 Labor force
8.4.2 Unemployment rate
8.5 Demographics
8.5.1 Annual disposable income
8.5.2 Annual per capita disposable income
8.5.3 Annual consumer expenditure on food
8.5.4 Annual per capita consumer expenditure on food
8.5.5 Urban and rural population
8.5.6 Female percentage of population
8.5.7 Male percentage of population
8.5.8 Mean age of population
8.5.9 Median age of population
8.5.10 Population density
8.5.11 Age distribution of the total population
8.5.12 Age distribution of the male population
8.5.13 Age distribution of the female population
8.5.14 Number of households
8.6 Political and Social Risk
8.6.1 Political stability
8.6.2 Terrorism index
8.6.3 Transparency index

9 Appendix
9.1 Contact Us
9.2 About ICD Research
9.3 Disclaimer

Table 1: Count of global mining industry survey respondents by company type (number of respondents), 2010 industry survey
Table 2: Buyer respondents by job role (% of buyer respondents), global mining industry, 2010
Table 3: Buyer respondents by organization’s global company turnover (% of buyer respondents), global mining industry, 2010
Table 4: Buyer respondents by organization’s total employee size (% of buyer respondents), global mining industry, 2010
Table 5: Buyer respondents by region (% of buyer respondents), global mining industry, 2010
Table 6: Supplier respondents by job role (% of supplier respondents), global mining industry, 2010
Table 7: Supplier respondents by organization’s global company turnover (% of supplier respondents), global mining industry, 2010
Table 8: Supplier respondents by organization's total employee size (% of supplier respondents), global mining industry, 2010
Table 9: Supplier respondents by region (% of supplier respondents), global mining industry, 2010
Table 10: Mining company: perceptions of sustainability in the global mining industry (% of mining company respondents), 2010-2011
Table 11: Metal manufacturer / processor: perceptions of sustainability in the global mining industry (% of metal manufacturer / processor respondents), 2010-2011
Table 12: Mining industry supplier: perceptions of sustainability in the global mining industry (% of mining industry supplier respondents), 2010-2011
Table 13: Perceptions of sustainability in the global mining industry by company turnover (% of all respondents), 2010-2011
Table 14: Regional variations: perceptions of sustainability in the global mining industry (% of all respondents), 2010-2011
Table 15: Perceptions of sustainability in the global mining industry by senior level respondents (% of CEO/MD/VP/SVP/HOD/Director level respondents), 2010-2011
Table 16: Champions of sustainability in the global mining industry: mining company vs. metal manufacturer / processor vs. mining industry supplier (% of all respondents), 2010-2011
Table 17: Champions of sustainability in the global mining industry by region: North America, Europe, Asia Pacific, rest of the world (% of all respondents), 2010-2011
Table 18: Champions of sustainability in the global mining industry by company turnover (% of all respondents), 2010-2011
Table 19: Mining company: level of implementation of sustainability practices in the global mining industry (% of mining company respondents), 2010-2011
Table 20: Metal manufacturer / processor: level of implementation of sustainability practices in the global mining industry (% of metal manufacturer / processor respondents), 2010-2011
Table 21: Level of implementation of sustainability practices in the global mining industry: (% of mining industry supplier respondents), 2010-2011
Table 22: Drivers of sustainability practices in the global mining industry: buyer vs. supplier comparison (all respondents), 2010-2011
Table 23: Drivers of sustainability practices in the global mining industry: mining company vs. metal manufacturer / processor vs. mining industry supplier (all respondents), 2010-2011
Table 24: Global mining industry: the importance of sustainability after recession (% of mining company respondents), 2010-2011
Table 25: Global mining industry: the importance of sustainability after recession (% of metal manufacturer / processor respondents), 2010-2011
Table 26: Mining industry supplier: the importance of sustainability in the global mining industry after recession (% of mining industry supplier respondents), 2010-2011
Table 27: Regional variations: global mining industry: the importance of sustainability after recession (% of all respondents), 2010-2011
Table 28: Variations by company turnover: global mining industry: the importance of sustainability after recession (% of all respondents), 2010-2011
Table 29: Global mining industry: senior level responses on the importance of sustainability after recession (% of CEO/MD/VP/SVP/HOD/Director level respondents), 2010-2011
Table 30: Global mining industry: post recession spending trends in sustainability: mining company vs. metal manufacturer / processor (% of all buyer respondents), 2010-2011
Table 31: Global mining industry: post recession spending trends in sustainability: mining company vs. metal manufacturer / processor: all 'increase' / all 'decrease' / all 'no change' responses (% of all buyer respondents), 2010-2011
Table 32: Global mining industry: post recession spending trends in sustainability: buyer vs. supplier comparison (% of all respondents), 2010-2011
Table 33: Regional variations in the global mining industry: post recession spending trends in sustainability (% of all respondents), 2010-2011
Table 34: Variations by company turnover in the global mining industry: post recession spending trends in sustainability (% of all respondents), 2010-2011
Table 35: Variations by employee size in the global mining industry: post recession spending trends in sustainability (% of all respondents), 2010-2011
Table 36: Post recession spending trends of companies who assign importance to sustainability after recession, global mining industry (% all respondents expecting increase in budget), 2010-2011
Table 37: Regional variations in the global mining industry: post recession spending trends of companies who assign importance to sustainability after recession (% all respondents expecting increase in budget), 2010-2011
Table 38: How sustainability initiatives have changed in the global mining industry (% of mining company respondents), 2010-2011
Table 39: How sustainability initiatives have changed in the global mining industry (% of metal manufacturer / processor respondents), 2010-2011
Table 40: Mining industry supplier: how sustainability initiatives have changed in the global mining industry (% of mining industry supplier respondents), 2010-2011
Table 41: How sustainability initiatives have changed in the global mining industry by companies assigning higher importance to sustainability after recession: ('in the process of implementing' and 'implemented' responses), 2010-2011
Table 42: Global mining industry: leading concerns in the effective implementation of sustainable practices: mining company vs. metal manufacturer / processor (% of all buyer respondents), 2010-2011
Table 43: Global mining industry: leading concerns in the effective implementation of sustainable practices: mining industry supplier (% of all respondents), 2010-2011
Table 44: Global mining industry: leading concerns in the effective implementation of sustainable practices: buyer vs. supplier comparison (% of all respondents), 2010-2011
Table 45: Global mining industry: leading concerns in the effective implementation of sustainable practices: regional variations (% of all respondents), 2010-2011
Table 46: Global mining industry: leading concerns in the effective implementation of sustainable practices: variations by company turnover(% of all respondents), 2010-2011
Table 47: How sustainability initiatives will impact future profitability in the global mining industry: mining company vs. metal manufacturer / processor (% of all buyer respondents), 2010- 2012
Table 48: How sustainability initiatives will impact future profitability in the global mining industry: mining company vs. metal manufacturer / processor Vs. mining industry supplier (% of all buyer and supplier respondents), 2010- 2012
Table 49: How sustainability initiatives will impact future profitability in the global mining industry: buyers vs. suppliers (% of all buyer respondents), 2010- 2012
Table 50: How sustainability initiatives will impact future profitability in the global mining industry: buyers vs. suppliers (% of all buyer respondents), 2010- 2012
Table 51: How sustainability initiatives will impact future profitability in the global mining industry by company turnover (% of all respondents), 2010-2012
Table 52: How sustainability initiatives will impact future profitability in the global mining industry: buyers vs. suppliers (% of all buyer respondents), 2010- 2012
Table 53: Mining company: forecast growth in customer demand for sustainability by country (mining company respondents), 2010-2012
Table 54: Metal manufacturer / processor: forecast growth in customer demand for sustainability by country (metal manufacturer / processor respondents), 2010-2012
Table 55: Mining industry supplier: forecast growth in customer demand for sustainability by country (mining industry supplier respondents), 2010-2012
Table 56: Predictions of customer spend on sustainability in the global mining industry (% of mining company respondents), 2010-2011
Table 57: Predictions of customer spend on sustainability in the global mining industry (% of metal manufacturer / processor respondents), 2010-2011
Table 58: Predictions of customer spend on sustainability in the global mining industry (% of mining industry supplier respondents), 2010-2011
Table 59: Predictions of customer spend on sustainability in the global mining industry by senior level respondents (% of CEO/MD/VP/SVP/HOD/director level respondents), 2010-2011
Table 60: Anticipated level of customer acceptance of green initiatives in the global mining industry: (% of all respondents), 2010-2011
Table 61: Buyer vs. supplier comparison: anticipated level of customer acceptance of green initiatives in the global mining industry (% of all respondents), 2010-2011
Table 62: Senior level respondents: anticipated level of customer acceptance of green initiatives in the global mining industry (% of CEO/MD/VP/SVP/HOD/director level respondents), 2010-2012
Table 63: Mining company: important attributes of sustainable development in the value chain, global mining industry (% of mining company respondents), 2010-2011
Table 64: Metal manufacturer / processor: important attributes of sustainable development in the value chain, global mining industry (% of metal manufacturer / processor respondents), 2010-2011
Table 65: Mining industry supplier: important attributes of sustainable development in the value chain, global mining industry (% of mining industry supplier respondents), 2010-2011
Table 66: Annual marketing budgets in US$ in the global mining industry (% all supplier respondents), 2010-2011
Table 67: Annual marketing budgets in US$ in the global mining industry by region (% all supplier respondents), 2010-2011
Table 68: Annual marketing budgets in US$ in the global mining industry by company turnover (% all supplier respondents), 2010-2011
Table 69: Earmarked budget for green marketing (% all supplier respondents), global mining industry, 2010-2011
Table 70: Variations by company turnover in green marketing budgets (% all supplier respondents), global mining industry, 2010-2011
Table 71: Variations in green marketing budgets by decision making authority (% all supplier respondents), global mining industry, 2010-2011
Table 72: Variations by companies which expect an increase in profitability by sustainability initiatives in green marketing budgets (% of all supplier respondents), global mining industry, 2010-2011
Table 73: Mining industry supplier: global mining industry: key promotional channels (% all supplier respondents), 2010-2011
Table 74: Green marketing vs. traditional marketing: global mining industry: (% all supplier respondents), 2010-2011
Table 75: Regional variations: green marketing vs. traditional marketing, global mining industry (% all supplier respondents), 2010-2011
Table 76: Company turnover variations: green marketing vs. traditional marketing, global mining industry (% all supplier respondents), 2010-2011
Table 77: Green marketing drivers: (% all supplier respondents), global mining industry, 2010-2011
Table 78: Regional variations: green marketing drivers (% all supplier respondents), global mining industry, 2010-2011
Table 79: Company turnover variations: green marketing drivers (% all supplier respondents), global mining industry, 2010-2011
Table 80: Employee size variations: green marketing drivers (% all supplier respondents), global mining industry, 2010-2011
Table 81: Variations by decision making authority: green marketing drivers (% all supplier respondents), global mining industry, 2010-2011
Table 82: Marketing green credentials (% all supplier respondents), global mining industry, 2010-2011
Table 83: Regional variations: green marketing drivers (% all supplier respondents), global mining industry, 2010-2011
Table 84: Company turnover variations: green marketing drivers (% all supplier respondents), global mining industry, 2010-2011
Table 85: Senior level respondents: green marketing drivers, global mining industry (% CEO/MD/VP/SVP/HOD/Director level respondents), 2010-2011
Table 86: Full survey results – closed questions
Table 1: Top Country Ranking by Arms Exports by Volume, 2005–09*
Table 2: ICD Research Terrorism Index
Table 3: Defense Offset Regulations in Spain
Table 4: Market Entry Strategies by Key Foreign Companies
Table 5: Thales - Recent Contract Wins
Table 6: Iveco – Recent Contract Wins
Table 7: Navantia - Alliances
Table 8: Navantia - Recent Contract Wins
Table 9: Santa Barbara - Alliances
Table 10: Santa Barbara - Recent Contract Wins
Table 11: Aernnova Aerospace S.A. - Recent Contract Wins
Table 12: Indra Sistemas S.A. - Alliances
Table 13: Indra Sistemas S.A. - Recent Contract Wins
Table 14: Sociedad De Electrónica Submarina, S.A. - Alliances
Table 15: Sociedad De Electrónica Submarina, S.A. - Recent Contract Wins
Table 16: Tecnobit - Alliances
Table 17: Uro Vehiculos Especiales S.A. - Recent Contract Wins
Table 18: Amper - Alliances
Table 19: Amper - Recent Contract Wins

List of Figures
Figure 1: Spanish Defense Market Size and Forecast (US$ Billion), 2004–15
Figure 2: Spanish Defense Expenditure as a Percentage of GDP (%), 2004–15
Figure 3: Spanish Defense Budget Split between Revenue and Capital Expenditure (%), 2004–15
Figure 4: Spanish Defense Expenditure Allocation (%), 2004–15
Figure 5: Spanish Defense Budget Allocation for Army (US$ Billion), 2004–15
Figure 6: Spanish Defense Budget Allocation for Navy (US$ Billion), 2004–15
Figure 7: Spanish Defense Budget Allocation for Air Force (US$ Billion), 2004–15
Figure 8: Spanish Defense Budget Allocation for Others, 2004–15
Figure 9: Spanish Homeland Security Budget (US$ Billion), 2004–15
Figure 10: ICD Research Terrorism Heat Map
Figure 11: ICD Research Terrorism Index
Figure 12: Benchmarking with Key Global Markets - 2004–09 vs. 2010–15
Figure 13: Defense Expenditure of the Largest Military Spenders in the World - 2009 and 2015
Figure 14: Spanish Defense Budget as a Percentage of GDP Compared to Leading Military Spenders in 2009
Figure 15: Spanish Defense Import Trend (US$ Million), 2004–09 (TIV values*)
Figure 16: Spanish Defense Imports (%), 2004–09 (TIV values*)
Figure 17: Spanish Defense Imports by Category (%), 2004–09 (TIV values*)
Figure 18: Spanish Defense Export Trend (US$ Million), 2004–09 (TIV values*)
Figure 19: Spanish Defense Exports by Country (%), 2004–09 (TIV values*)
Figure 20: Spanish Defense Exports by Category (%), 2004–09 (TIV values*)
Figure 21: Industry Dynamics - Porter’s Five Forces Analysis
Figure 22: Thales - Revenue Trend Analysis (EUR Million), FY2005–09
Figure 23: Aernnova Aerospace S.A. - Revenue Trend Analysis (EUR Million), FY2005–09
Figure 24: Aernnova Aerospace S.A. - Profit Before Tax Trend Analysis (EUR Million), FY2005–09
Figure 25: Aernnova Aerospace S.A. - Net Profit Trend Analysis (EUR Million), FY2005–09
Figure 26: Tecnobit - Revenue Trend Analysis (EUR Million), FY 2004–08
Figure 27: Tecnobit - Operating Profit Trend Analysis (EUR Million), FY2004–08
Figure 28: Tecnobit - Net Profit Trend Analysis (EUR Million), FY 2004–08
Figure 29: Spanish Industrial Business Climate Indicator, 2008–10
Figure 30: The Spanish Stock Exchange (BME) Market Capitalization (US$ Billion), 2003–09
Figure 31: Spanish FDI Inflows by Sector (US$ Billion) 2003–09
Figure 32: Spanish Deployment of Credit by Sector (US$ Billion), 2003–09
Figure 33: Spanish GDP Value at Constant Prices (US$ Billion), 2003–15
Figure 34: Spanish GDP per Capita at Constant Prices (US$), 2003–15
Figure 35: Spanish GDP at Current Prices (US$ Billion), 2003–15
Figure 36: Spanish GDP Per Capita at Current Prices (US$), 2003–15
Figure 37: Spanish GDP Split by Key Segments (%), 2003 vs. 2009
Figure 38: Spanish Agriculture Net Output at Current Prices (EUR Billion), 2003–15
Figure 39: Spanish Agriculture Net Output at Current Prices (US$ Billion), 2003–15
Figure 40: Spanish Agriculture Net Output at Current Prices as percentage of GDP (%), 2003–15
Figure 41: Spanish Manufacturing Net Output at Current Prices (EUR Billion), 2003–15
Figure 42: Spanish Manufacturing Net Output at Current Prices (US$ Billion), 2003–15
Figure 43: Spanish Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2003–15
Figure 44: Spanish Mining, Manufacturing and Utilities Net Output at Current Prices (EUR Billion), 2003–15
Figure 45: Spanish Mining, Manufacturing and Utilities Output at Current Prices (US$ Billion), 2003–15
Figure 46: Spanish Mining, Manufacturing and Utilities Output at Current Prices as a Percentage of GDP (%) 2003–15
Figure 47: Spanish Construction Net Output at Current Prices (EUR Billion), 2003–15
Figure 48: Spanish Construction Net Output at Current Prices (US$ Billion) 2003–15
Figure 49: Spanish Construction Output at Current Prices as a Percentage of GDP (%), 2003–15
Figure 50: Spanish Crude Steel Production (Million Metric Tons), 2003–15
Figure 51: Spanish Crude Oil Consumption (Million Tons), 2003–15
Figure 52: Spanish Inflation Rate (%), 2003–15
Figure 53: Spanish Fiscal Deficit as a Percentage of GDP (%), 2003–15
Figure 54: Spanish Trade Balance as a Percentage of GDP (%), 2003–09
Figure 55: Spanish Exports as a Percentage of GDP (%), 2003–15
Figure 56: Spanish Imports as a Percentage of GDP (%), 2003–15
Figure 57: Spanish Exports Growth (%), 2003–15
Figure 58: Spanish Imports Growth (%), 2003–15
Figure 59: Spanish External Debt as a Percentage of GDP (%) 2003–09
Figure 60: Spanish Annual Average Exchange Rate US$–EUR, 2003–09
Figure 61: Spanish End of the Period Exchange Rate US$–EUR, 2003–09
Figure 62: Spanish Airports and Ports(Number of), 2009
Figure 63: Spanish Railways and Highways (Thousand Kilometers), 2009
Figure 64: Spanish Passenger Vehicle Production (Millions), 2003–15
Figure 65: Spanish Commercial Vehicle Production (Millions), 2003–15
Figure 66: Spanish Automotive Components Exports (US$ Billion), 2003–15
Figure 67: Spanish Automotive Components Imports (US$ Billion), 2003–15
Figure 68: Spanish Passenger Car Penetration (per 1000 People), 2003–15
Figure 69: Spanish Total Installed Capacity for Electricity Generation (Million Kilowatts), 2003–15
Figure 70: Spanish Installed Capacity for the Generation of Conventional Thermal Electricity (Million Kilowatts), 2003–15
Figure 71: Spanish Electricity Production (Billion Kilowatt Hours), 2003–15
Figure 72: Spanish Installed Capacity for the Generation of Hydroelectricity (Million KW), 2003–15
Figure 73: Spanish Installed Capacity for Generation of Renewable Electricity (Million kW), 2003–15
Figure 74: Spanish Electricity Consumption (Billion Kilowatt Hours), 2003–15
Figure 75: Spanish Electricity Exports(Billion Kilowatt Hours), 2003–15
Figure 76: Spanish Electricity Imports (Billion kWh), 2003–15
Figure 77: Spanish Healthcare Expenditure (US$ Billion), 2003–15
Figure 78: Spanish Healthcare Expenditure as a Percentage of GDP (%), 2003–15
Figure 79: Spanish per Capita Healthcare Expenditure (US$), 2003–15
Figure 80: Spanish R&D Expenditure as a Percentage of GDP (%), 2003–15
Figure 81: Spanish Internet Subscriptions (Millions), 2003–15
Figure 82: Spanish Broadband Internet Subscriptions (Million), 2003–15
Figure 83: Spanish Personal Computer Usage (per 100 People), 2003–15
Figure 84: Spanish Mobile Phone Penetration (%), 2003–15
Figure 85: Spanish Size of Labor Force in 15–59 Age Group (Million), 2003–15
Figure 86: Spanish Unemployment Rate (%), 2003–15
Figure 87: Spanish Annual Disposable Income (US$ Billion), 2003–15
Figure 88: Spanish Annual per Capita Disposable Income (US$), 2003–15
Figure 89: Spanish Consumer Expenditure on Food (US$ Billion), 2003–15
Figure 90: Spanish Annual per Capita Consumer Expenditure on Food (US$), 2003–15
Figure 91: Spanish Urban and Rural Population (%), 2003–15
Figure 92: Spanish Females as a Percentage of Population (%), 2003–15
Figure 93: Spanish Males as a Percentage of Population (%), 2003–15
Figure 94: Spanish Mean Age of Population (Years), 2003–15
Figure 95: Spanish Median Age of Population (Years), 2003–15
Figure 96: Spanish Population Density (per Square Kilometer), 2003–15
Figure 97: Spanish Population Distribution by Age (%), 2003–15
Figure 98: Spanish Male Population Distribution by Age (%), 2003–15
Figure 99: Spanish Female Population Distribution by Age (%), 2003–15
Figure 100: Spanish Number of Households (Million), 2003–15
Figure 101: Global Terrorism Heat Map, 2009
Figure 102: Spanish Transparency Index, 2003–09

- Thales
- Iveco
- Navantia
- Santa Barbara Sistemas
- Aernnova Aerospace S.A.
- Aries Ingenieria Y Sistemas, S.A.
- Indra Sistemas S.A.
- Sociedad De Electrónica Submarina, S.A.
- Parafly, S.A.
- Tecnobit
- Uro Vehiculos Especiales S.A.
- Amper

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