Future of the Austrian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

  • ID: 4726823
  • Report
  • Region: Austria
  • 72 pages
  • GlobalData
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Future of the Austrian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Summary

"Future of the Austrian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" 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 Austria 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 Austria defense industry market size and drivers: detailed analysis of the Austria 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 Austria defense industry.
Scope
  • The Austrian defense budget stands at US$2.6 billion in 2018 and registered a CAGR of 0.65% during 2014¬-2018.
  • The decline in defense spending during the historic period is due to the economic turmoil faced by the country as a consequence of the European debt crisis.
  • However, the country’s active participation in peacekeeping missions, along with a focus to modernize its military by procuring advanced defense systems, is expected to drive the defense expenditure 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 Austrian 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 Austrian defense industry covering sections including demand drivers, Key Trends , and latest industry contracts.
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FEATURED COMPANIES

  • Air Ambulance Technology
  • AMES
  • Frequentis
  • Hirtenberger
  • Steyr Mannlicher Systems
  • MORE
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Conditions
3.1.1. Military Fleet Size
3.1.2. Procurement Programs
3.1.3. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Austrian defense budget to record a CAGR of 3.02% over the forecast period
3.2.2. Spending to be driven by peacekeeping missions and the acquisition of advanced defense systems
3.2.3. The defense budget as a percentage of GDP is expected to increase during the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Procurement of advanced equipment to drive capital expenditure allocation during the forecast period
3.3.2. Capital expenditure is expected to grow at a CAGR of 3.62% over the forecast period
3.3.3. Per capita defense expenditure expected to increase during the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Austria homeland security is expected to increase at a CAGR of 2.35% over the forecast period
3.4.2. Protection of energy infrastructure and combating drug trafficking will be the key factors driving homeland security
3.4.3. Austrian falls under “some risk” category on the Terrorism Index
3.4.4. Austrian faces “some risk” by acts of terrorism
3.4.5. Austria has a terrorism index score of 1.5
3.5. Benchmarking with Key Global Markets
3.5.1. Austrian defense expenditure is expected to remain modest during the forecast period
3.5.2. Austrian defense expenditure is relatively small when compared to the leading defense spenders
3.5.3. Austria spent over 0.57% of its GDP on defense in 2018
3.6. Market Opportunities: Key Trends and Drivers
3.6.1. Top Defense Sectors by Value (US$ Million) - Projections over 2018-2023

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports expected to increase rapidly during the forecast period
4.1.2. Austria imports the majority of its arms from Italy
4.1.3. Armoured Vehicles dominates Austrian defense imports
4.2. Export Market Dynamics
4.2.1. Austrian defense exports registered a decline post 2013
4.2.2. Austria supplies defense equipment to a diverse consumer base
4.2.3. Armored vehicles accounted for the majority of the country’s defense exports during 2013-2017

5. Industry Dynamics
5.1. Market Regulation
5.1.1. Offset policy requires suppliers to invest 100% of the contract value into the Austrian economy
5.1.2. Austrian defense industry open to foreign direct investment
5.2. Market Entry Route
5.2.1. Budgeting Process
5.2.2. Foreign defense OEMs enter the market through acquisitions or alliances
5.2.3. Europe Defense Agency (EDA) promotes defense procurements within EU
5.2.4. Single distributor system advisable in Austria
5.2.5. Joint Projects and Sharing of Technology

6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview
6.1.1. The majority of modern defense equipment in Austria are supplied by foreign manufacturers

7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. GDP per Capita
7.1.2. Gross Domestic Product
7.1.3. Exports of Goods and Services (LCU Billion)
7.1.4. Imports of Goods and Services (LCU Billion)
7.1.5. Gross National Disposable Income
7.1.6. LCU per USD (period average)
7.1.7. Market Capitalization of Listed Companies
7.1.8. Market Capitalization of Listed Companies (% of GDP)
7.1.9. Goods exports as a % of GDP
7.1.10. Government Cash Surplus/Deficit as % of GDP
7.1.11. Goods imports as a % of GDP
7.1.12. Services imports as a % of GDP
7.1.13. Services exports as a % of GDP
7.1.14. Foreign direct investment, net (BoP, current US$ Billion)
7.1.15. Net foreign direct investment as % of GDP
7.1.16. Mining, Manufacturing, Utilities Output (LCU Billion)

8. Appendix
8.1. About
8.2. Disclaimer

List of Tables
Table 1: Austrian Army Strength
Table 2: Austrian Air Force Strength
Table 3: Austria - Future Procurement Programs
Table 4: Austria - Future Procurement Programs
Table 5: Austrian Defense Expenditure (EUR Billion & US$ Billion), 2014-2023
Table 6: Austrian GDP Growth and Defense Expenditure as Percentage of GDP Growth, 2014-2023
Table 7: Austrian Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Table 8: Austrian Defense Capital Expenditure (EUR Million & US$ Million), 2014-2023
Table 9: Austrian Per Capita Expenditure (US$), 2014-2023
Table 10: Austria Defense Expenditure for Homeland Security (EUR Billion & US$ Billion), 2014-2023
Table 11: Terrorism Index, 2017
Table 12: Benchmarking with Key Markets, 2014-2018 vs. 2019-2023
Table 13: Top Austrian Defense Sectors by Value (US$ Million), 2018-2023
Table 14: Offset Regulations in Austria
Table 15: Austria - Budget Formation Timetable
Table 16: Competitive Landscape of the Austrian Defense Industry

List of Figures
Figure 1: Austrian Defense Expenditure (in EUR Billion), 2014-2023
Figure 2: Austrian Defense Expenditure (US$ Billion), 2014-2023
Figure 3: Austrian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP, 2014-2023
Figure 4: Austrian Defense Expenditure Split Between Capital and Revenue Expenditure (%), 2014-2023
Figure 5: Austrian Defense Capital Expenditure (EUR Million), 2014-2023
Figure 6: Austrian Defense Capital Expenditure (US$ Million), 2014-2023
Figure 7: Austrian Per Capita Expenditure (US$), 2014-2023
Figure 8: Austria Homeland Security Expenditure (AED Billion), 2014-2023
Figure 9: Austria Homeland Security Expenditure (US$ Billion), 2014-2023
Figure 10: Terrorism Heat Map, 2018
Figure 11: Terrorism Index, 2018
Figure 12: Benchmarking with Key Markets, 2014-2018 vs. 2019-2023
Figure 13: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2018 and 2023
Figure 14: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018
Figure 15: Austrian Defense Imports (US$ million), 2013-2017
Figure 16: Austrian Defense Imports by Country (%), 2013-2017
Figure 17: Austrian Defense Imports by Category, 2013-2017
Figure 18: Austrian Defense Exports (US$ million), 2013-2017
Figure 19: Austrian Defense Exports by Country (%), 2013-2017
Figure 20: Austrian Defense Exports by Category, 2013-2017
Figure 21: Austrian GDP Per Capita (US$), 2015-2025
Figure 22: Austrian GDP at Current Prices (US$ Billion), 2015-2025
Figure 23: Austrian Exports of goods and services (LCU Billion), 2005-2014
Figure 24: Austrian Imports of goods and services (LCU Billion), 2005-2014
Figure 25: Austrian Gross National disposable income (US$ Billion), 2005-2013
Figure 26: LCU per USD (US$), 2015-2024
Figure 27: Austrian Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 28: Austrian Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 29: Austrian Goods exports as a % of GDP, 2005-2014
Figure 30: Austrian Government Cash Surplus/Deficit as % of GDP, 2005-2012
Figure 31: Austrian Goods imports as a % of GDP, 2005-2014
Figure 32: Austrian Services imports as a % of GDP, 2005-2014
Figure 33: Austrian Services exports as a % of GDP, 2005-2014
Figure 34: Austrian Net Foreign Direct Investment (BoP, Current US$ Billion) 2005-2014
Figure 35: Austrian Net Foreign Direct Investment as a % of GDP 2005-2014
Figure 36: Austrian Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014
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