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

  • ID: 4726832
  • Report
  • Region: Portugal
  • 118 pages
  • GlobalData
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FEATURED COMPANIES

  • Arsenal Alfeite
  • Critical Software
  • Edisoft
  • EMPORDEF TI Inc.
  • Fabrequipa
  • Indra Sistemas Portugal
  • MORE
Future of the Portuguese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Summary

"Future of the Portuguese 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 Portuguese 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 Portuguese defense industry market size and drivers: detailed analysis of the Portuguese 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 Portuguese defense industry.
Scope
  • Portuguese military expenditure declined at a CAGR of -2.44% to value US$11.5 billion cumulatively during the historic period.
  • This was primarily due to the debt crisis, which has severely affected the Portuguese economy, requiring the country to adopt tough austerity measures, such as reducing wages and raising tax rates.
  • However, the Portuguese government undertook anti-austerity measures between 2016 and 2017, and is planning to completely withdraw austerity reforms over the forecast period, which is expected to boost the country’s economy.
Reasons to Buy
  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Portuguese 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 Portuguese defense industry covering sections including demand drivers, Key Trends , and latest industry contracts.
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Arsenal Alfeite
  • Critical Software
  • Edisoft
  • EMPORDEF TI Inc.
  • Fabrequipa
  • Indra Sistemas Portugal
  • 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 Scenario
3.1.1. Primary Threat Perception
3.1.2. Military Doctrine and Strategy
3.1.3. Military Fleet Size
3.1.4. Procurement Programs
3.1.5. Top Procurement Programs by Value (US$ Million) 2018-2023
3.1.6. Social, Political and Economic Environment and Support for Defense Projects
3.1.7. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Portuguese defense budget is expected to record a CAGR of 1.48% over the forecast period
3.2.2. International peacekeeping operations expected to drive defense expenditure over the forecast period
3.2.3. Portuguese defense expenditure as a percentage of GDP is expected to decline over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Share of capital expenditure expected to remain constant over the forecast period
3.3.2. Capital expenditure is anticipated to record a CAGR of 2.71% over the forecast period
3.3.3. Army is expected to receive the highest allocation over the forecast period
3.3.4. Army expenditure is anticipated to have the major share of expenditure over the forecast period
3.3.5. Per capita defense expenditure is projected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Portuguese homeland security budget anticipated to record a CAGR of 2.44% over the forecast period
3.4.2. Cyber-attacks and maritime security set to drive homeland security expenditure over the forecast period
3.4.3. Portugal falls under “some risk” of terrorism
3.4.4. Portugal faces little threat from terrorist organizations
3.4.5. Portugal has a terrorism index score of 0.0
3.5. Benchmarking with Key Global Markets
3.5.1. Portuguese defense budget expected to remain low compared to the leading spenders
3.5.2. Portuguese defense expenditure to remain low compared to major spenders in Europe
3.5.3. Portugal allocates lower share of GDP to defense compared to the US and other European countries
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Market Categories by Value (US$ million) - Forecast-Period Projections
3.6.2. Physical Security
3.6.3. Land-based C4ISR
3.6.4. Frigates MRO

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports are expected to increase marginally over 2019-2023
4.1.2. Portugal sourced the majority of its arms imports from Denmark and Austria
4.1.3. Naval vessels and armored vehicles accounted for the majority of military imports
4.2. Export Market Dynamics
4.2.1. Defense exports expected to rise during the forecast period
4.2.2. Romania accounted for the majority of Portuguese defense exports
4.2.3. Aircraft are the main exported defense products

5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining Power of Supplier: High to Medium
5.1.2. Bargaining Power of Buyer: Medium to Low
5.1.3. Barrier to Entry: Low to Medium
5.1.4. Intensity of Rivalry: Medium to High
5.1.5. Threat of Substitution: Medium to High

6. Market Entry Strategy
6.1. Market Regulation
6.1.1. Offset policy aids development of domestic defense industry and research activities
6.1.2. Offset policy aids development of domestic defense industry and research activities
6.2. Market Entry Route
6.2.1. Budgeting Process
6.2.2. Procurement Policy and Process
6.2.3. Setting up subsidiaries offers a market entry opportunity
6.2.4. Technology transfer, sub-contracts, and long-term supply contracts open new market entry strategy choices
6.3. Key Challenges
6.3.1. Domestic defense companies facing challenges from foreign companies
6.3.2. Budget cuts due to austerity measures challenging defense companies
6.3.3. Corrupt practices in the Portuguese government challenges the industry

7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Domestic Companies
7.2.1. OGMA - Indústria Aeronáutica de Portugal SA: Overview
7.2.2. OGMA - Indústria Aeronáutica de Portugal SA: Products
7.2.3. OGMA - Indústria Aeronáutica de Portugal SA: Recent Announcements and Strategic Initiatives
7.2.4. OGMA - Indústria Aeronáutica de Portugal SA: Alliances
7.2.5. OGMA - Indústria Aeronáutica de Portugal SA: Recent Contract Wins
7.2.6. EID - Empresa de Investigação e Desenvolvimento de Electrónica SA: Overview
7.2.7. EID - Empresa de Investigação e Desenvolvimento de Electrónica SA: Products
7.2.8. EID - Empresa de Investigação e Desenvolvimento de Electrónica SA: Recent Announcements and Strategic Initiatives
7.2.9. EID - Empresa de Investigação e Desenvolvimento de Electrónica SA: Alliances
7.2.10. EID - Empresa de Investigação e Desenvolvimento de Electrónica SA: Recent Contract Wins
7.2.11. Edisoft: Overview
7.2.12. Edisoft: Products
7.2.13. Edisoft: Recent Announcements and Strategic Initiatives
7.2.14. Edisoft: Alliances
7.2.15. Edisoft: Recent Contract Wins
7.2.16. EMPORDEF TI Inc.: Overview
7.2.17. EMPORDEF TI Inc.: Products
7.2.18. EMPORDEF TI Inc.: Recent Announcements and Strategic Initiatives
7.2.19. EMPORDEF TI Inc.: Alliances
7.2.20. EMPORDEF TI Inc.: Recent Contract Wins
7.2.21. Indra Sistemas Portugal: Overview
7.2.22. Indra Sistemas Portugal: Products and Services
7.2.23. Indra Sistemas Portugal: Recent Announcements and Strategic Initiatives
7.2.24. Indra Sistemas Portugal: Alliances
7.2.25. Indra Sistemas Portugal: Recent Contract Wins
7.2.26. Leonardo - Società per azioni: Overview
7.2.27. Leonardo - Società per azioni: Products
7.2.28. Leonardo - Società per azioni: Recent Announcements and Strategic Initiatives
7.2.29. Leonardo - Società per azioni: Alliances
7.2.30. Leonardo - Società per azioni: Recent Contract Wins
7.2.31. Arsenal Alfeite: Overview
7.2.32. Arsenal Alfeite: Products and Services
7.2.33. Arsenal Alfeite: Recent Announcements and Strategic Initiatives
7.2.34. Arsenal Alfeite: Recent Contract Wins
7.2.35. Fabrequipa: Overview
7.2.36. Fabrequipa: Products
7.2.37. Fabrequipa: Recent Announcements and Strategic Initiatives
7.2.38. Fabrequipa: Alliances
7.2.39. Fabrequipa: Recent Contract Wins
7.2.40. Critical Software: Overview
7.2.41. Critical Software: Products
7.2.42. Critical Software: Recent Announcements and Strategic Initiatives
7.2.43. Critical Software: Alliances
7.2.44. Critical Software: Recent Contract Wins

8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. Gross Domestic per Capita (US$)
8.1.2. Gross Domestic Product, Current US$ Billion
8.1.3. Exports of Goods and Services
8.1.4. Imports of Goods and Services
8.1.5. Gross National Disposable Income
8.1.6. Local Currency Unit per US$
8.1.7. Market Capitalization of Listed Companies
8.1.8. Market Capitalization of Listed Companies as a Percentage of GDP
8.1.9. Government Cash Surplus/Deficit as a Percentage of GDP
8.1.10. Goods Imports as a Percentage of GDP
8.1.11. Goods Exports as a Percentage of GDP
8.1.12. Services Imports as a Percentage of GDP
8.1.13. Services Exports as a Percentage of GDP
8.1.14. Net Foreign Direct Investment
8.1.15. Net FDI as a Percentage of GDP
8.1.16. Mining, Manufacturing, Utilities Output

9. Appendix
9.1. About
9.2. Disclaimer

List of Tables
Table 1: Portugal Ground Forces Strength
Table 2: Portugal Navy Strength
Table 3: Portugal Air Force Strength
Table 4: Portugal - Ongoing Development and Procurement Programs
Table 5: Portugal - Future Procurement Programs
Table 6: Portugal - Defense Procurement Programs by Value (US$ Million), 2018-2023
Table 7: Portuguese Defense Expenditure (EUR Billion & US$ Billion), 2014-2023
Table 8: Portuguese GDP Growth and Defense Expenditure as a Percentage of GDP, 2014-2023
Table 9: Portuguese Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Table 10: Portuguese Defense Capital Expenditure (EUR Million & US$ Million), 2014-2023
Table 11: Portuguese Defense Budget Share (%) Split by Services (Army, Navy, Air Force and Other), 2014-2023
Table 12: Portuguese Defense Budget Allocations in EUR Million - Breakdown by Services (Army, Navy, Air Force, and Others), 2014-2023
Table 13: Portuguese Defense Budget in US$ Million - Breakdown by Services (Army, Navy, Air Force and Others), 2014-2023
Table 14: Portuguese Per Capita Defense Expenditure (US$), 2014-2023
Table 15: Portuguese Defense Expenditure for Homeland Security (EUR Billion & US$ Billion), 2014-2023
Table 16: Terrorism Index, 2018
Table 17: Benchmarking with Key Markets - 2014-2018 vs 2019-2023
Table 18: Portugal - 10 Leading Defense Market Categories by Value (US$ Million), 2018-2023
Table 19: Offset Regulations in Portugal
Table 20: Portugal Budget Formation Timetable
Table 21: Portugal - Top Defense Suppliers by Value (US$ Million), 2018-2023
Table 22: Competitive Landscape of the Portuguese Defense Industry
Table 23: OGMA - Indústria Aeronáutica de Portugal SA - Products
Table 24: OGMA - Indústria Aeronáutica de Portugal SA - Alliances
Table 25: OGMA - Indústria Aeronáutica de Portugal SA - Recent Contract Wins
Table 26: EID - Empresa de Investigação e Desenvolvimento de Electrónica SA - Products
Table 27: EID - Empresa de Investigação e Desenvolvimento de Electrónica SA - Alliances
Table 28: EID - Empresa de Investigação e Desenvolvimento de Electrónica SA - Contracts
Table 29: Edisoft - Products
Table 30: Edisoft - Alliances
Table 31: Edisoft - Recent Contract Wins
Table 32: EMPORDEF TI Inc. - Products
Table 33: EMPORDEF TI Inc. - Alliances
Table 34: EMPORDEF TI Inc. - Recent Contract Wins
Table 35: Indra Sistemas Portugal - Products and Services
Table 36: Indra Sistemas Portugal - Alliances
Table 37: Indra Sistemas Portugal - Recent Contract Wins
Table 38: AgustaWestland - Products
Table 39: AgustaWestland Portugal - Alliances
Table 40: AgustaWestland Portugal - Recent Contract Wins
Table 41: Arsenal Alfeite - Products and Services
Table 42: Arsenal Alfeite - Recent Contract Wins
Table 43: Fabrequipa - Products
Table 44: Fabrequipa - Alliances
Table 45: Fabrequipa - Recent Contract Wins
Table 46: Critical Software - Products
Table 47: Critical Software - Alliances
Table 48: Critical Software - Recent Contract Wins

List of Figures
Figure 1: Portuguese Defense Expenditure (EUR Billion), 2014-2023
Figure 2: Portuguese Defense Expenditure (US$ Billion), 2014-2023
Figure 3: Portuguese GDP Growth and Defense Expenditure as a Percentage of GDP, 2014-2023
Figure 4: Portuguese Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Figure 5: Portuguese Defense Capital Expenditure (EUR Million), 2014-2023
Figure 6: Portuguese Defense Capital Expenditure (US$ Million), 2014-2023
Figure 7: Portuguese Defense Expenditure Split Between Army, Navy, Air Force and Others (%), 2014-2023
Figure 8: Portuguese Defense Expenditure in (EUR Million), - Breakdown by Services (Army, Navy, Air Force and Others), 2014-2023
Figure 9: Portuguese Defense Budget in US$ Million - Breakdown by Services (Army, Navy, Air Force and Others), 2014-2023
Figure 10: Portuguese Per Capita Defense Expenditure (US$), 2014-2023
Figure 11: Portuguese Homeland Security Budget (EUR Billion), 2014-2023
Figure 12: Portuguese Homeland Security Budget (US$ Billion), 2014-2023
Figure 13: Terrorism Heat Map, 2018
Figure 14: Terrorism Index, 2018
Figure 15: Benchmarking with the World’s Largest and Top Regional Defense Spenders (US$ Billion), 2014-2018 vs 2019-2023
Figure 16: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2018 and 2023
Figure 17: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018
Figure 18: Physical Security Market Size (US$ Million), 2018-2023
Figure 19: Land-based C4ISR Market Size (US$ Million), 2018-2023
Figure 20: Frigates MRO Market Size (US$ Million), 2018-2023
Figure 21: Portugal - Defense Procurements in Terms of Supplier Relationships, 2018
Figure 22: Portuguese Defense Import Trend (US$ Million), 2013-2017 (TIV Values)
Figure 23: Portuguese Defense Imports by Country (%), 2013-2017
Figure 24: Portuguese Defense Imports by Category (%),2013-2017
Figure 25: Portuguese Defense Export Trend (US$ Million), 2013-2017 (TIV Values)
Figure 26: Portuguese Defense Exports by Country (%), 2013-2017
Figure 27: Portuguese Defense Exports by Category (%), 2013-2017
Figure 28: Industry Dynamics - Porter’s Five Forces Analysis
Figure 29: Portuguese GDP per Capita (US$), 2015-2025
Figure 30: Portuguese Gross Domestic Product (Current US$ Billion), 2015-2025
Figure 31: Portuguese Exports of Goods and Services (LCU Billion), 2005-2014
Figure 32: Portuguese Imports of Goods and Services (LCU Billion), 2005-2014
Figure 33: Portuguese Gross National Disposable Income (US$ Billion), 2005-2014
Figure 34: Portuguese LCU per US$, 2015-2024
Figure 35: Portuguese Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 36: Portuguese Market Capitalization of Listed Companies as a Percentage of GDP, 2005-2012
Figure 37: Portuguese Government Cash Surplus/Deficit as a Percentage of GDP, 2005-2012
Figure 38: Portuguese Goods Imports as a Percentage of GDP, 2005-2014
Figure 39: Portuguese Goods Exports as a Percentage of GDP, 2005-2014
Figure 40: Portuguese Services Imports as a Percentage of GDP, 2005-2014
Figure 41: Portuguese Services Exports as a Percentage of GDP, 2005-2014
Figure 42: Portuguese Net Foreign Direct Investment (Current US$ Billion), 2005-2014
Figure 43: Portuguese Net FDI as a Percentage of GDP, 2005-2014
Figure 44: Portuguese Mining, Manufacturing, Utilities Output (US$ Billion), 2005-2014
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  • OGMA - Indústria Aeronáutica de Portugal SA
  • EID - Empresa de Investigação e Desenvolvimento de Electrónica SA
  • Edisoft
  • EMPORDEF TI Inc.
  • Indra Sistemas Portugal
  • Leonardo
  • Arsenal Alfeite
  • Fabrequipa
  • Critical Software
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