Peacekeeping
Missions, Homeland Security, and Counterterrorism Simulations Will Drive the
Austrian Defense Sector to 2018
Although
austerity measures introduced in the wake of the financial crisis continue to
put pressure on the Austrian Defense industry, new research released by Strategic Defence Intelligence forecasts
market expansion at a CAGR of 1.84% between 2013 and 2018 – although per-capita
defense spending is expected to decline during that same period. Whilst
spending will be driven by Austria’s peacekeeping activities, the lack of
external security threats to Austria itself presents an obstacle to more
expansive growth.
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Spending to be Driven by
Peacekeeping Missions
Austria’s
defense expenditure is expected to be driven by peacekeeping and disaster
relief operations, in addition to the acquisition of advanced defense
equipment.
Austria’s
peacekeeping heritage dates back to 1960, with approximately 60,000 Austrian
troops and civilian helpers having participated in over 50 international peace
support and humanitarian missions since then. It currently has over 1,200
soldiers deployed in 11 peacekeeping missions around the globe. Whilst the
Austrian defense ministry is pulling 377 soldiers from the Golan Heights –
which separate Syria and Israel – it is expected to increase its troop
deployment in Afghanistan, Congo, and South East Europe over the next twelve
months.
Moreover,
in order to enhance the operational capabilities of its peacekeeping forces,
Austria is expected to acquire multipurpose vehicles, helicopters, and fixed
wing aircraft, in addition to simulator systems, unmanned weapon stations, and
military transport systems.
Low Threat Levels
Despite
the positive impact its global peacekeeping operations will have on Austria’s
defense sector, the lack of external security threats to the nation itself is a
significant barrier to market growth – it is ranked 75th in Strategic Defence Intelligence’s
Terrorism Index. Indeed, over the past five years, 750 tanks and armored
vehicles out of 1150 have been scrapped.
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Homeland Security
Whilst
external security concerns are driving little expenditure in the country’s
defense sector, Austria’s membership of the ATLAS Network – an organization of
EU members consisting of special police units working on countering terrorism
and criminal acts. It exchanges best practices and procedures, and conducts
joint training exercises, such as real life simulations of terrorist acts like
the 2013 simulation ‘Common Challenge’,
which attacked nine different EU member states . Austria’s input into these
initiatives are a key driver of homeland security expenditure in the country.
Furthermore,
efforts to combat organized crime are also having a positive effect on
Austria’s defense industry. Following its signing the Schengen agreement in
2005, Austria’s borders have become more vulnerable to illegal immigration,
human trafficking, and the drugs trade – it is a destination for women
trafficked from South America, and Strategic
Defence Intelligence puts the quantity of heroin smuggled through Austria
at approximately 55-60 tons per annum.
To combat
these crimes, Austria will invest in surveillance and intelligence
technologies, such as electronic identification documents, e-passports,
automated border crossing systems, and closed circuit television systems.
Uniquely
positioned to provide compelling, actionable market intelligence thanks to its
rigorous research methodology – which encompasses internal resources, extensive
desk research, market modeling, and the input of its panel of leading industry
executives – Strategic Defence
Intelligence is able to combine research on general industry drivers and
trends with experts’ attitudes and behaviors, making Future of the Austrian Defense Industry – Market Attractiveness,
Competitive Landscape and Forecasts to 2018 required reading for those
serious about reacting to market trends and capitalizing on the opportunities in
the Austrian defense sector.
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