DUBLIN--(BUSINESS WIRE)--The "Future of the Spain Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" report has been added to Research and Markets' offering.
Spanish defense industry, which values US$8.1 Billion in 2017, is anticipated to grow at a CAGR of 5.16% over the forecast period, to reach US$10.2 Billion by 2022.
The country is currently facing a physical debt due to economic slowdown, which has resulted in a cut in military procurements over the historic period 2013-2017. However, over the forecast period, Spain's defense expenditure will be stimulated by its involvement in existing military procurement programs, security threats from terrorist organizations, and territorial disputes with Morocco. The country's defense budget is expected to be capped at an average of 0.7% of GDP over the forecast period.
Government expenditure on the Spanish homeland security market has been increasing because of growing troubles posed by drug trafficking, illegal immigration, and terrorist activities. Spain's geographical location, bordering the Mediterranean Sea, makes it favorable for the transit of drugs and border crossings. Furthermore, the recent turmoil in the North African region has led to increased illegal immigration in Spain, thereby increasing the urgency of acquiring enhanced border security and control. The forecast period is expected to witness enhanced opportunities in security systems and its related platforms. The Spanish homeland security budget is valued at US$8.5 Billion in 2017 and is anticipated to increase to US$11.2 Billion by 2022, reflecting a CAGR of 3.89% over the forecast period 2018-2022.
Key Topics Covered:
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
4. Defense Procurement Market Dynamics
5. Industry Dynamics
6. Market Entry Strategy
7. Competitive Landscape and Strategic Insights
8. Business Environment and Country Risk
- Aernnova Aerospace S.A.
- Aries Ingenieria Y Sistemas S.A.
- General Dynamics European Land Systems (GDELS)
- Indra Sistemas S.A.
- Sociedad Anonima De Electrónica Submarina S.A.
- Uro Vehiculos Especiales S.A.
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