-
Electronic (PDF)
-
Site License
-
Enterprisewide
The Portuguese Defense Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
iCD Research, January 2011, Pages: 149
Synopsis
- Top level overview of the Portuguese defense industry
- A breakdown of the Portuguese defense industry by spend pattern valued from 2006 through 2010 and forecasted from 2011 through 2015
- A breakdown of the markets by segment valued from 2006 through 2010 and forecasted from 2011 through 2015
- Details of top companies active across the Portuguese defense industry
- Emerging trends and opportunities in the Portuguese defense industry in the last 12 months
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 Portuguese 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 2011–2015, 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 Portuguese 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 Portugal. 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.
Scope of the report:
- Analysis of defense industry market size from 2006 through 2010 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 the Portuguese 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 Portuguese defense industry and the potential market entry strategies with an expert analysis of the competitive structure
- Identify top companies of the Portuguese defense industry along with profiles of all those companies
Key Highlights
The Defense Ministry of Portugal’s budget represented 1.4% of GDP in 2010, standing at US$3.1 billion. The country’s defense budget grew strongly at a CAGR of 8.58% during the review period, but with a soaring national debt, the government was forced to adopt austerity measures which are expected to result in the defense budget declining at a CARC of -0.45% during the forecast period to reach US$3.1 billion by 2015.
Military modernization plans and participation in peacekeeping missions are the primary forces driving Portugal’s defense budget, the majority of which is spent such on revenue expenditure such as the salaries and pensions of armed personnel, and operational and maintenance costs. Capital expenditure, which includes expenditure for equipment procurement, constituted an average of 17.2% of the defense budget during the review period and is expected to decrease to an average of 16.9% during the forecast period.
The reduction in troop numbers is expected to bring down the allocation for land forces from an average of 35.7% during the review period to 30.1% during the forecast period. The allocation for the navy is expected to decline marginally from an average of 26.4% during the review period to an average of 26.1% during the forecast period, while the allocation for the air force is expected to decline from an average of 20.7% during the review period to an average of 19.1% during the forecast period. The allocation to common support services is expected to increase from an average of 15.0% during the review period to an average of 22.6% during the forecast period, to help the domestic defense industry to integrate with the European defense industry value chain
1. Introduction
1.1About this Report
1.2Definitions
1.3Methodology
1.3.1Secondary research
1.3.2Primary research
1.3.3Conventions
1.4ICD Research Intelligence Terrorism Index
1.5About ICD Research
1.6About Strategic Defense Intelligence
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1Defense Market Size and Forecast
3.1.1Portuguese annual defense expenditure expected to remain at US$3.1 billion by 2015
3.1.2Military modernization and contribution to international peacekeeping missions drive defense expenditure
3.1.3Defense expenditure as a percentage of GDP expected to reach to 1.3% by 2015
3.2Analysis of Defense Budget Allocation
3.2.1Capital expenditure allocation expected to increase during the forecast period
3.2.2Capital expenditure budget expected to grow at a CAGR of 8.73% during the forecast period
3.2.3Army to get lower allocation in the forecast period
3.2.4Naval budget is expected to grow at a CAGR of 0.16% during the forecast period
3.2.5Defense to cumulatively spend US$4.7 billion on the army during the forecast period
3.2.6Air force expenditure to reach US$596.2 million by 2015
3.2.7Central services support to get higher allocation in the forecast period
3.3Homeland Security Market Size and Forecast
3.3.1Homeland security market expected to grow at a CAGR of 1.12% during the forecast period
3.3.2Illegal immigration, cyber attacks and terrorism driving Portugal’s homeland security expenditure
3.3.3Portugal faces some risk of terror attacks
3.4Benchmarking with Key Global Markets
3.4.1Portuguese defense budget expected to decline unlike most of its European neighbors
3.4.2Portugal defense expenditure is small compared to leading spenders
3.4.3Portugal does not fulfill NATO standards on defense spending
3.5Market Opportunities: Key Trends and Growth Stimulators
3.5.1Demand for frigates, offshore patrol vessels and wheeled armored amphibious vehicles to increase
3.5.2Armored vehicles and battle tanks to modernize Portugal’s army
3.5.3Portugal is expected to continue its commitment to acquire C-295 mid-size aircraft and also modernize its F-16 and P-3C aircraft
3.5.4Control and communication systems to witness greater demand
4. Defense Procurement Market Dynamics
4.1Import Market Dynamics
4.1.1Defense imports expected to fall due to the proposed defense budget cuts
4.1.2US and Netherlands are major arms suppliers to Portugal
4.1.3Aircraft, armored vehicles and ships constitute the majority of Portuguese arms imports
4.2Export Market Dynamics
4.2.1Defense exports of the country are expected to increase in the forecast period
4.2.2Belgium and Uruguay are the major markets for Portuguese defense companies
4.2.3Aircraft and ship components account for majority of exports
5. Industry Dynamics
5.1Five Forces Analysis
5.1.1Bargaining power of supplier: high to medium
5.1.2Bargaining power of buyer: medium to low
5.1.3Barrier to entry: low to high
5.1.4Intensity of rivalry: low to high
5.1.5Threat of substitution: low to high
6. Market Entry Strategy
6.1Market Regulation
6.1.1Offset policy aids the development of the domestic defense industry and Portugal’s economy
6.1.2Foreign direct investment from non-European companies requires prior approval
6.2Market Entry Route
6.2.1Setting up subsidiaries offer market entry opportunity
6.2.2Technology transfer, sub-contracts and long-term supply contracts open new market entry strategy choices
6.3Key Challenges
6.3.1Contracting foreign companies challenging domestic defense companies
6.3.2Budget cuts due to austerity measures challenging the defense companies
6.3.3Corrupt practices in the Portuguese government challenging for the industry
7. Competitive Landscape and Strategic Insights
7.1Competitive Landscape Overview
7.2Key Domestic Companies
7.2.1OGMA – Indústria Aeronáutica de Portugal SA: overview
7.2.2OGMA – Indústria Aeronáutica de Portugal SA: products and services
7.2.3OGMA – Indústria Aeronáutica de Portugal SA: recent announcements and strategic initiatives
7.2.4OGMA – Indústria Aeronáutica de Portugal SA: alliances
7.2.5OGMA – Indústria Aeronáutica de Portugal SA: recent contract awards
7.2.6OGMA – Indústria Aeronáutica de Portugal SA: financial analysis
7.2.7EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: overview
7.2.8EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: products and services
7.2.9EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: recent announcements and strategic Initiatives
7.2.10EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: alliances
7.2.11EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: recent contract awards
7.2.12EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: financial analysis
7.2.13Edisoft: overview
7.2.14Edisoft: products and services
7.2.15Edisoft: recent announcements and strategic initiatives
7.2.16Edisoft: alliances
7.2.17Edisoft: recent contract awards
7.2.18Edisoft: financial analysis
7.2.19EMPORDEF TI: overview
7.2.20EMPORDEF TI: products
7.2.21EMPORDEF TI: recent announcements and strategic initiatives
7.2.22EMPORDEF TI: alliances
7.2.23EMPORDEF TI: recent contract awards
7.2.24EMPORDEF TI: financial analysis
7.2.25ENVC: overview
7.2.26ENVC: products and services
7.2.27ENVC: recent announcements and strategic initiatives
7.2.28ENVC: alliances
7.2.29ENVC: recent contract awards
7.2.30ENVC: financial analysis
7.2.31Indra Sistemas Portugal: overview
7.2.32Indra Sistemas Portugal: products and services
7.2.33Indra Sistemas Portugal: recent announcements and strategic initiatives
7.2.34Indra Sistemas Portugal: alliances
7.2.35Indra Sistemas Portugal: recent contract awards
7.2.36Indra Sistemas Portugal: financial analysis
7.2.37AgustaWestland Portugal: overview
7.2.38AgustaWestland Portugal: products and services
7.2.39AgustaWestland Portugal: recent announcements and strategic initiatives
7.2.40AgustaWestland Portugal: alliances
7.2.41AgustaWestland Portugal: recent contract awards
7.2.42AgustaWestland Portugal: financial analysis
7.2.43Arsenal Alfeite: overview
7.2.44Arsenal Alfeite: products and services
7.2.45Arsenal Alfeite: recent announcements and strategic initiatives
7.2.46Arsenal Alfeite: alliances
7.2.47Arsenal Alfeite: recent contract awards
7.2.48Arsenal Alfeite: financial analysis
7.2.49Fabrequipa: overview
7.2.50Fabrequipa: products and services
7.2.51Fabrequipa: recent announcements and strategic initiatives
7.2.52Fabrequipa: alliances
7.2.53Fabrequipa: recent contract awards
7.2.54Fabrequipa: financial analysis
7.2.55Critical Software: overview
7.2.56Critical Software: products & services
7.2.57Critical Software: recent announcements and strategic initiatives
7.2.58Critical Software: alliances
7.2.59Critical Software: recent contract awards
7.2.60Critical Software: financial analysis
7.2.61Aero Voo de Portugal, LDA: overview
7.2.62Aero Voo de Portugal, LDA: defense products
7.2.63Aero Voo de Portugal, LDA: recent announcements and strategic initiatives
7.2.64Aero Voo de Portugal, LDA: alliances
7.2.65Aero Voo de Portugal, LDA: recent contract awards
7.2.66Aero Voo de Portugal, LDA: financial analysis
7.2.67Instituto Geográfico do Exército: overview
7.2.68Instituto Geográfico do Exército: products and services
7.2.69Instituto Geográfico do Exército: recent announcements and strategic initiatives
7.2.70Instituto Geográfico do Exército: alliances
7.2.71Instituto Geográfico do Exército: recent contract awards
7.2.72Instituto Geográfico do Exército: financial analysis
8. Business Environment and Country Risk
8.1Business Confidence
8.1.1Market capitalization trend: Euronext Lisbon Stock Exchange
8.1.2FDI inflows by sector
8.2Economic Performance
8.2.1GDP at constant prices (US dollars)
8.2.2GDP per capita at constant prices (US dollars)
8.2.3GDP at current prices (US dollars)
8.2.4GDP per capita at current prices (US dollars)
8.2.5GDP split by key segments
8.2.6Agriculture net output at current prices (Euros)
8.2.7Agriculture net output at current prices (US dollars)
8.2.8Agriculture net output at current prices as a percentage of GDP
8.2.9Manufacturing net output at current prices (Euros)
8.2.10Manufacturing net output at current prices (US dollars)
8.2.11Manufacturing net output at current prices as a percentage of GDP
8.2.12Mining, manufacturing and utilities net output at current prices (Euros)
8.2.13Mining, manufacturing and utilities at current prices (US dollars)
8.2.14Mining, manufacturing and utilities at current prices as percentage of GDP
8.2.15Construction net output at current prices (Euros)
8.2.16Construction net output at current prices (US dollars)
8.2.17Construction net output at current prices as a percentage of GDP
8.2.18Crude steel production
8.2.19Crude oil consumption
8.2.20Inflation rate
8.2.21Fiscal balance as a percentage of GDP
8.2.22Current account balance as a percentage of GDP
8.2.23Exports as a percentage of GDP
8.2.24Imports as a percentage of GDP
8.2.25Exports growth
8.2.26Imports growth
8.2.27Annual average exchange rate US$–EUR
8.2.28End of the period exchange rate US$–EUR
8.3Infrastructure Quality and Availability
8.3.1Total airports and sea ports
8.3.2Railways and roadways
8.3.3Passenger vehicle production volume
8.3.4Commercial vehicle production volume
8.3.5Automotive components export trend
8.3.6Automotive components import trend
8.3.7Total installed capacity for electricity generation
8.3.8Installed capacity for the generation of conventional thermal electricity
8.3.9Electricity production
8.3.10Electricity consumption
8.3.11Installed capacity for the generation of hydro–electricity
8.3.12Installed capacity for renewable electricity generation
8.3.13Electricity exports
8.3.14Electricity imports
8.3.15Healthcare expenditure
8.3.16Healthcare expenditure as a percentage of GDP
8.3.17Healthcare expenditure per capita
8.3.18R&D expenditure as a percentage of GDP
8.3.19Total internet subscribers
8.3.20Broadband internet subscribers
8.3.21Personal computer penetration rate
8.3.22Mobile phone penetration rate
8.4Labor Force
8.4.1Labor force
8.4.2Unemployment rate
8.5Demographics
8.5.1Annual disposable income
8.5.2Annual per capita disposable income
8.5.3Annual consumer expenditure on food
8.5.4Annual per capita consumer expenditure on food
8.5.5Total population
8.5.6Urban and rural population
8.5.7Female percentage of population
8.5.8Male percentage of population
8.5.9Mean age of population
8.5.10Median age of population
8.5.11Population density
8.5.12Age distribution of the total population
8.5.13Age distribution of the male population
8.5.14Age distribution of the female population
8.5.15Number of households
8.6Political and Social Risk
8.6.1Political stability
8.6.2Terrorism index
8.6.3Transparency index
9. Appendix
9.1Contact Us
9.2About ICD Research
9.3Disclaimer
List of Tables
Table 1: ICD Research Intelligence Terrorism Index
Table 2: Offset Regulations in Portugal
Table 3: OGMA – Indústria Aeronáutica de Portugal SA: Alliances
Table 4: OGMA – Indústria Aeronáutica de Portugal SA : Recent Contract Awards
Table 5: EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: Recent Contract Awards
Table 6: Edisoft: Alliances
Table 7: Edisoft: Recent Contract Awards
Table 8: EMPORDEF TI: Alliances
Table 9: EMPORDEF TI: Recent Contract Awards
Table 10: ENVC: Alliances
Table 11: ENVC: Recent Contract awards
Table 12: Indra Sistemas Portugal: Recent Contract Awards
Table 13: AgustaWestland: Alliances
Table 14: AgustaWestland: Recent Contract Awards
Table 15: Arsenal Alfeite: Recent Contract Awards
Table 16: Fabrequipa: Alliances
Table 17: Fabrequipa: Recent Contract Awards
Table 18: Critical Software: Alliances
List of Figures
Figure 1: Portuguese Defense Market Size and Forecast (US$ Billion), 2006–15
Figure 2: Portuguese Defense Expenditure as a Percentage of GDP (%), 2006–15
Figure 3: Portuguese Defense Expenditure Allocation for Revenue and Capital Expenditure (%), 2006–15
Figure 4: Portuguese Defense Capital Expenditure (US$ Million), 2006–15
Figure 5: Portuguese Defense Budget Allocation (%), 2006–15
Figure 6: Portuguese Defense Budget Allocation for Naval Expenditure (US$ Million), 2006–15
Figure 7: Portuguese Defense Budget Allocation for Army Expenditure (US$ Million), 2006–15
- OGMA – Indústria Aeronáutica de Portugal SA
- EID – Empresa de Investigação e Desenvolvimento de Electrónica SA
- Edisoft
- EMPORDEF TI
- ENVC
- Indra Sistemas Portugal
- AgustaWestland Portugal
- Arsenal Alfeite
- Fabrequipa
- Critical Software
- Aero Voo de Portugal, LDA
- Instituto Geográfico do Exército
Product Samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
