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https://www.reportscorner.com/reports/20971/Future-of-the-Portuguese-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 Portuguese 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?
The Future of the Portuguese 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 German defense industry.
What is the current market landscape and what is changing?
With a defense budget of US$2.9 billion and difficult fiscal condition, Portugal presents few opportunities for foreign defense companies. Participation in European joint operations and NATO's peacekeeping operations are expected to drive the country's military expenditure, which is expected to grow at a CAGR of 0.90% over the forecast period. Portuguese defense imports are expected to remain low over the forecast period due to the country's focus on reducing the public debt. However, defense exports are estimated to grow over the forecast period as the demand from countries such as Bulgaria and Romania is increasing. The Portuguese government is planning to invite foreign defense companies to partner with domestic companies in scientific and technological innovation and research.
What are the key drivers behind recent market changes?
Defense expenditure in Portugal is primarily driven by peacekeeping operations and joint operations with the police force for the country's internal security. Portugal is a member of international organizations such as the EU and the UN, and is a founding member of NATO. As a part of these organizations, Portugal takes part in various peacekeeping missions. As a UN member, the country has contributed to 20 peacekeeping missions around the world and was the first western country to contribute to the UN police force. Portugal has been the major contributor, among western countries, to the UN police, and military contributor to UN operations.
What makes this report unique and essential to read?
The Future of the Portuguese 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 Portuguese 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 Portugal. 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
The Portuguese government procures the majority of its defense equipment from foreign companies due to its relatively under-developed domestic defense industry. However, the government is also importing capabilities that its domestic industry is capable of performing itself, and has even been exporting. The import of this hardware poses a challenge for the domestic defense industry, which has been slowly developing through joint ventures and partnership contracts. For example, four of the Portuguese Air Force's aircraft (two C-130s and two P3 Orions) have been sent to the US for repair and maintenance, even though domestic company OGMA has the experience and capability to carry out the project, and has been performing repair and maintenance work for the military aircraft of France and Belgium. The outsourcing of this work is a concern for the domestic defense industry.
Defense companies catering to the Portuguese market face the challenge of Portugal's declining military capital expenditure. In 2006, the Portuguese government defined its long-term military funding program (LPM) which outlined procurement expenditure over the 18-year period 2006-2023. However, the government is currently facing economic challenges and has been forced to adopt austerity measures to reduce the country's high fiscal deficit. These austerity measures are reflected in defense spending with a 45.7% cut in LPM funding in 2013, and also a moratorium in new equipment procurement until 2013. In addition, the Ministry of National Defense is planning to renegotiate its current procurement contracts. The austerity measures mean fewer orders for defense companies and, as most other European governments are also cutting their defense expenditure, the concerns for the affected companies are further increased as they find it difficult to find new markets and opportunities. Due to the LPM budget cuts, some contracts have also been delayed or cancelled. For example, the government terminated the order for 260 Pandur II armored vehicles in 2012 and restricted deliveries to a total of 166 only. Portugal also opted out of the NH-90 transport helicopters program in 2012.
Key Highlights
Portugal is a member of international organizations such as the EU and the UN, and is a founding member of NATO. As a part of these organizations, Portugal takes part in various peacekeeping missions. As a UN member, the country has contributed to 20 peacekeeping missions around the world and was the first western country to contribute to the UN police force. Portugal has been the major contributor, among western countries, to the UN police, and military contributor to UN operations. International Peacekeeping missions: Portugal is the major contributor to NATO (KFOR) operations in Kosovo with a commitment of about 150 military personnel. In November 2010 Portugal reaffirmed its commitment to assist NATO forces in Afghanistan and also committed to help train Afghan security forces ahead of an eventual withdrawal of NATO troops scheduled at the end of 2014, allowing the country to assume full sovereignty.
Portugal's homeland security expenditure is primarily driven by illegal immigration, cyber security threats, and threats from terrorist organizations. Cyber-attacks: Cybercrimes have been increasing in the past few years and pose a major threat to highly industrialized economies. The Portuguese government was also affected by cyber-attackers attempting to gain access to classified government documents. In April 2013, hacker group Anonymous attacked the Portuguese government's websites similar to its attack in 2011. Portugal has moved up in the international register for spam attacks from cybercriminals from 44th position in 2012 to 38th position this year. The Portuguese government is now investing in cyber security and is planning to procure laptops and advanced software to integrate the operations of its domestic forces.
Portuguese defense imports peaked in 2010 due the country's import of submarines from Germany, but declined drastically in 2011 and reduced further in 2012. The country terminated the Pandur II procurement contract with 100 deliveries still left from the original order, and also cancelled NH-90 order resulting in a decline in defense imports in 2011 and 2012. Over the period 2013-2017, Portugal's defense imports are expected to remain low due to austerity measures and the share of capital expenditure out of the total defense budget reducing to 10%.
https://www.reportscorner.com/reports/20971/Future-of-the-Portuguese-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 Portuguese 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?
The Future of the Portuguese 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 German defense industry.
What is the current market landscape and what is changing?
With a defense budget of US$2.9 billion and difficult fiscal condition, Portugal presents few opportunities for foreign defense companies. Participation in European joint operations and NATO's peacekeeping operations are expected to drive the country's military expenditure, which is expected to grow at a CAGR of 0.90% over the forecast period. Portuguese defense imports are expected to remain low over the forecast period due to the country's focus on reducing the public debt. However, defense exports are estimated to grow over the forecast period as the demand from countries such as Bulgaria and Romania is increasing. The Portuguese government is planning to invite foreign defense companies to partner with domestic companies in scientific and technological innovation and research.
What are the key drivers behind recent market changes?
Defense expenditure in Portugal is primarily driven by peacekeeping operations and joint operations with the police force for the country's internal security. Portugal is a member of international organizations such as the EU and the UN, and is a founding member of NATO. As a part of these organizations, Portugal takes part in various peacekeeping missions. As a UN member, the country has contributed to 20 peacekeeping missions around the world and was the first western country to contribute to the UN police force. Portugal has been the major contributor, among western countries, to the UN police, and military contributor to UN operations.
What makes this report unique and essential to read?
The Future of the Portuguese 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 Portuguese 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 Portugal. 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
The Portuguese government procures the majority of its defense equipment from foreign companies due to its relatively under-developed domestic defense industry. However, the government is also importing capabilities that its domestic industry is capable of performing itself, and has even been exporting. The import of this hardware poses a challenge for the domestic defense industry, which has been slowly developing through joint ventures and partnership contracts. For example, four of the Portuguese Air Force's aircraft (two C-130s and two P3 Orions) have been sent to the US for repair and maintenance, even though domestic company OGMA has the experience and capability to carry out the project, and has been performing repair and maintenance work for the military aircraft of France and Belgium. The outsourcing of this work is a concern for the domestic defense industry.
Defense companies catering to the Portuguese market face the challenge of Portugal's declining military capital expenditure. In 2006, the Portuguese government defined its long-term military funding program (LPM) which outlined procurement expenditure over the 18-year period 2006-2023. However, the government is currently facing economic challenges and has been forced to adopt austerity measures to reduce the country's high fiscal deficit. These austerity measures are reflected in defense spending with a 45.7% cut in LPM funding in 2013, and also a moratorium in new equipment procurement until 2013. In addition, the Ministry of National Defense is planning to renegotiate its current procurement contracts. The austerity measures mean fewer orders for defense companies and, as most other European governments are also cutting their defense expenditure, the concerns for the affected companies are further increased as they find it difficult to find new markets and opportunities. Due to the LPM budget cuts, some contracts have also been delayed or cancelled. For example, the government terminated the order for 260 Pandur II armored vehicles in 2012 and restricted deliveries to a total of 166 only. Portugal also opted out of the NH-90 transport helicopters program in 2012.
Key Highlights
Portugal is a member of international organizations such as the EU and the UN, and is a founding member of NATO. As a part of these organizations, Portugal takes part in various peacekeeping missions. As a UN member, the country has contributed to 20 peacekeeping missions around the world and was the first western country to contribute to the UN police force. Portugal has been the major contributor, among western countries, to the UN police, and military contributor to UN operations. International Peacekeeping missions: Portugal is the major contributor to NATO (KFOR) operations in Kosovo with a commitment of about 150 military personnel. In November 2010 Portugal reaffirmed its commitment to assist NATO forces in Afghanistan and also committed to help train Afghan security forces ahead of an eventual withdrawal of NATO troops scheduled at the end of 2014, allowing the country to assume full sovereignty.
Portugal's homeland security expenditure is primarily driven by illegal immigration, cyber security threats, and threats from terrorist organizations. Cyber-attacks: Cybercrimes have been increasing in the past few years and pose a major threat to highly industrialized economies. The Portuguese government was also affected by cyber-attackers attempting to gain access to classified government documents. In April 2013, hacker group Anonymous attacked the Portuguese government's websites similar to its attack in 2011. Portugal has moved up in the international register for spam attacks from cybercriminals from 44th position in 2012 to 38th position this year. The Portuguese government is now investing in cyber security and is planning to procure laptops and advanced software to integrate the operations of its domestic forces.
Portuguese defense imports peaked in 2010 due the country's import of submarines from Germany, but declined drastically in 2011 and reduced further in 2012. The country terminated the Pandur II procurement contract with 100 deliveries still left from the original order, and also cancelled NH-90 order resulting in a decline in defense imports in 2011 and 2012. Over the period 2013-2017, Portugal's defense imports are expected to remain low due to austerity measures and the share of capital expenditure out of the total defense budget reducing to 10%.
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