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https://www.reportscorner.com/reports/19696/Future-of-the-Belgian-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/
Product Synopsis
This report is the result of SDI’s extensive market and company research covering the Belgian defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.
Introduction and Landscape
Why was the report written?
Future of the Belgian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Belgian defense industry.
What is the current market landscape and what is changing?
The Belgian defense budget, valued at US$3.6 billion in 2013, is estimated to register a CAGR of -2.82% to reach US$3.1 billion by 2018. This decrease in spending is expected to be primarily due to the country’s public debt, which will force Belgium to cut its defense budget over the forecast period. Primarily driven by military modernization programs and joint operations, the country’s defense expenditure is expected to focus more on the procurement of equipment for its maritime security, counter terrorism capabilities, and cyber security over the period 2014-18. The country’s defense imports and exports are expected recover from the slump experienced from 2010 due to the global economic slowdown.
What are the key drivers behind recent market changes?
Belgium’s defense expenditure over the forecast period is expected to be driven by the need to modernize its armed forces and participation in joint operations with its NATO allies. Belgium’s defense budget cuts have affected its defense equipment procurement during the review period, along with a 50% reduction in the size of its armed forces over the past decade. In its long-term strategic modernization plan , the country outlined its efforts to realign its military to be prepared for changing geo-strategic environment. Belgium stated ‘increasing equipment expenditure per soldier’ as one of its goals in the ‘Defence and Security Investment Plan’.
What makes this report unique and essential to read?
The Future of the Belgian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
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.
Key Market Issues
In 2010, the government announced defense budget cuts in order to control the country’s increasing fiscal deficit. In order to make the budget reductions, the government decided to reduce the size of its military, as the country deploys its troops for peacekeeping rather than defense purposes. In addition to this, Belgium plans to modernize its military workforce and equipment, and the money released through troop reductions is expected to offset the required modernization expenditure on equipment. Since there are no significant terrorist threats to Belgium and it is surrounded by European countries, its defense budget is likely to remain low in the forecast period, and this will pose a challenge for both established defense companies and those wishing to enter the market.
As Belgium is a member of the European Defense Agency (EDA), which was formed to improve European defense capabilities and to create a single defense equipment market, it gives preference to European nations in its defense contracts. As a result, Belgium takes part in several European defense programs, such as the Airbus A400M and the European Air Transport Fleet program. The EDA has simplified the defense trade within Europe through measures such as its electronic bulletin board (EBB), which requires all member countries to post defense contract opportunities, so that all opportunities are available for all member countries to easily access in one place. In addition to this, in 2009 the EU issued a directive which simplified the terms and conditions of the transfer of defense products within the EU, and the coordination procedures for the award of certain contracts related to defense. As the defense trade has been simplified within the EU and Belgium is a member of the EDA, the government gives preference to European companies for imports and contracts, and this acts as a barrier to entry for non-European countries in the defense industry.
Key Highlights
Belgium’s defense budget cuts have affected its defense equipment procurement during the review period, along with a 50% reduction in the size of its armed forces over the past decade. In its long-term strategic modernization plan, the country outlined its efforts to realign its military to be prepared for changing geo-strategic environment. Belgium stated ‘increasing equipment expenditure per soldier’ as one of its goals in the ‘Defence and Security Investment Plan’. It also plans to increase the procurement of defense equipment and related infrastructure out of total defense budget over the forecast period. In addition, the need to replace or upgrade existing equipment has been accentuated by the country’s participation in joint operations with NATO. As such, Belgium is expected to gradually increase its defense procurement which will present ample opportunities for its domestic industry as well as foreign companies.
Belgium’s population constitutes two major linguistic groups; Dutch (Flanders) and French (Flemish). As Belgium has been officially divided into separate regions based on language since 1970, this has worked to both alleviate tensions and increase the risk of permanently splitting the country with linguistic conflict. Increasing tensions between these two groups, with the potential to influence the country’s political stability, has been a concern for the government. Over the last two years these conflicts have even created problems in the country’s armed forces, which has forced the government to focus on resolving these issues. Although linguistic conflicts did not result in violent confrontations in the past, the same cannot be guaranteed in the future. In the forecast period, these conflicts are expected to continue and a proportion of homeland security expenditure will be allocated to tackle them.
Arms imports in Belgium declined sharply in 2009 and 2010 due to the country’s budget cuts, which remained at the same level in 2011 and 2012. The country’s defense imports are expected to recover gradually over the forecast period, as the country plans to modernize its military and replace or upgrade existing defense equipment. Belgium sourced 38.7% of its defense import requirements from the Netherlands during 2008-2012, followed by Portugal, Switzerland, and Italy, accounting for 12.2%, 10.9%, and 10.1% of defense imports respectively. Germany and France were other major arms suppliers for the country. Over the period 2013-2017, the country is expected to increase its defense imports, especially from its European neighbors.
https://www.reportscorner.com/reports/19696/Future-of-the-Belgian-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/
Product Synopsis
This report is the result of SDI’s extensive market and company research covering the Belgian defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.
Introduction and Landscape
Why was the report written?
Future of the Belgian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Belgian defense industry.
What is the current market landscape and what is changing?
The Belgian defense budget, valued at US$3.6 billion in 2013, is estimated to register a CAGR of -2.82% to reach US$3.1 billion by 2018. This decrease in spending is expected to be primarily due to the country’s public debt, which will force Belgium to cut its defense budget over the forecast period. Primarily driven by military modernization programs and joint operations, the country’s defense expenditure is expected to focus more on the procurement of equipment for its maritime security, counter terrorism capabilities, and cyber security over the period 2014-18. The country’s defense imports and exports are expected recover from the slump experienced from 2010 due to the global economic slowdown.
What are the key drivers behind recent market changes?
Belgium’s defense expenditure over the forecast period is expected to be driven by the need to modernize its armed forces and participation in joint operations with its NATO allies. Belgium’s defense budget cuts have affected its defense equipment procurement during the review period, along with a 50% reduction in the size of its armed forces over the past decade. In its long-term strategic modernization plan , the country outlined its efforts to realign its military to be prepared for changing geo-strategic environment. Belgium stated ‘increasing equipment expenditure per soldier’ as one of its goals in the ‘Defence and Security Investment Plan’.
What makes this report unique and essential to read?
The Future of the Belgian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
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.
Key Market Issues
In 2010, the government announced defense budget cuts in order to control the country’s increasing fiscal deficit. In order to make the budget reductions, the government decided to reduce the size of its military, as the country deploys its troops for peacekeeping rather than defense purposes. In addition to this, Belgium plans to modernize its military workforce and equipment, and the money released through troop reductions is expected to offset the required modernization expenditure on equipment. Since there are no significant terrorist threats to Belgium and it is surrounded by European countries, its defense budget is likely to remain low in the forecast period, and this will pose a challenge for both established defense companies and those wishing to enter the market.
As Belgium is a member of the European Defense Agency (EDA), which was formed to improve European defense capabilities and to create a single defense equipment market, it gives preference to European nations in its defense contracts. As a result, Belgium takes part in several European defense programs, such as the Airbus A400M and the European Air Transport Fleet program. The EDA has simplified the defense trade within Europe through measures such as its electronic bulletin board (EBB), which requires all member countries to post defense contract opportunities, so that all opportunities are available for all member countries to easily access in one place. In addition to this, in 2009 the EU issued a directive which simplified the terms and conditions of the transfer of defense products within the EU, and the coordination procedures for the award of certain contracts related to defense. As the defense trade has been simplified within the EU and Belgium is a member of the EDA, the government gives preference to European companies for imports and contracts, and this acts as a barrier to entry for non-European countries in the defense industry.
Key Highlights
Belgium’s defense budget cuts have affected its defense equipment procurement during the review period, along with a 50% reduction in the size of its armed forces over the past decade. In its long-term strategic modernization plan, the country outlined its efforts to realign its military to be prepared for changing geo-strategic environment. Belgium stated ‘increasing equipment expenditure per soldier’ as one of its goals in the ‘Defence and Security Investment Plan’. It also plans to increase the procurement of defense equipment and related infrastructure out of total defense budget over the forecast period. In addition, the need to replace or upgrade existing equipment has been accentuated by the country’s participation in joint operations with NATO. As such, Belgium is expected to gradually increase its defense procurement which will present ample opportunities for its domestic industry as well as foreign companies.
Belgium’s population constitutes two major linguistic groups; Dutch (Flanders) and French (Flemish). As Belgium has been officially divided into separate regions based on language since 1970, this has worked to both alleviate tensions and increase the risk of permanently splitting the country with linguistic conflict. Increasing tensions between these two groups, with the potential to influence the country’s political stability, has been a concern for the government. Over the last two years these conflicts have even created problems in the country’s armed forces, which has forced the government to focus on resolving these issues. Although linguistic conflicts did not result in violent confrontations in the past, the same cannot be guaranteed in the future. In the forecast period, these conflicts are expected to continue and a proportion of homeland security expenditure will be allocated to tackle them.
Arms imports in Belgium declined sharply in 2009 and 2010 due to the country’s budget cuts, which remained at the same level in 2011 and 2012. The country’s defense imports are expected to recover gradually over the forecast period, as the country plans to modernize its military and replace or upgrade existing defense equipment. Belgium sourced 38.7% of its defense import requirements from the Netherlands during 2008-2012, followed by Portugal, Switzerland, and Italy, accounting for 12.2%, 10.9%, and 10.1% of defense imports respectively. Germany and France were other major arms suppliers for the country. Over the period 2013-2017, the country is expected to increase its defense imports, especially from its European neighbors.
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