RnRMarketResearch.com adds “Future
of the Belgian Defense Industry – Market Attractiveness, Competitive Landscape
and Forecasts to 2018” new report
on its database.
Austerity measures
and focus on reducing public debt are expected to stabilize the Belgian defense
budget at US$3 billion at the end of the forecast period (2014-18). The
country’s defense budget, which values US$3.6 billion in 2013, declined at a
CAGR of -2.43% during the review period (2009-13) and is expected to drop
further over the forecast period to reach US$3.1 billion by 2018 at a CAGR of
-2.82%. Joint operations with NATO allies and military modernization programs
are expected to drive the country’s military expenditure over the forecast
period. The defense budget as a percentage of GDP is expected to decline from
an average of 0.8% during the review period to 0.5% in 2018.
Belgian defense
imports saw a drastic decline in 2010 and again in 2012, although they appeared
to recover in 2011. The country’s arms imports are expected to recover
gradually over the forecast period due to the procurement plans of NH90
helicopters, Javelin and EuroSpike anti-tank missiles, and the procurement of
A400M military transport aircraft. Historically, defense companies based in
neighboring European countries such as the Netherlands, Portugal, Switzerland,
and Italy have been the main arms suppliers to Belgium. Ships, armored
vehicles, and missiles accounted for the majority of defense imports.
The Belgian budget allocation for defense capital
expenditure is expected to increase slightly from an average of 22.7% of the
total defense budget during the review period to 23.3% over the forecast
period. However, the cumulative capital expenditure over the forecast periodis
expected to be US$3.8 billion compared to US$4.2 during the review period,
owing to the budget cuts and economic pressures. The country is expected to
spend more on the procurement of defense equipment to replace its outdated
equipment and reduce spending on infrastructure and other capital expenditure.
Belgium’s personnel expenditure is expected to reduce to US$1.9 billion by
2018, due to pruning of the country’s armed forces. Moreover, the country’s per
capita defense expenditure is also expected to decrease from US$320.9 in 2013
to US$260.8 by 2018.
Buy a Report Copy @ http://www.rnrmarketresearch.com/contacts/purchase?rname=96161
Key
Features and Benefits
- The report provides detailed analysis of the current industry size
and growth expectations from 2014 to 2018, including highlights of key growth
stimulators, and also benchmarks the industry against key global markets and
provides a detailed understanding of emerging opportunities in specific areas.
- The report includes trend analysis of imports and exports, together
with their implications and impact on the Belgian defense industry.
- The report covers five forces analysis to identify various power
centers in the industry and how these are expected to develop in the future.
- The report allows readers to identify possible ways to enter the
market, together with detailed descriptions of how existing companies have
entered the market, including key contracts, alliances, and strategic
initiatives.
- The report helps the reader to understand the competitive landscape
of the defense industry in Belgium. 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.
