Spanish Defense Industry

8/13/2019 Spanish Defense Industry

1/24

Spanish efense Industry


2/24

Description

Reports Cornerwww.reportscorner.com

This report is the result of SDI's extensive market and companyresearch covering the Spanish defense industry, and providesdetailed analysis of both historic and forecast defense industryvalues including key growth stimulators, analysis of the leadingcompanies in the industry, and key news.
http://www.reportscorner.com/http://www.reportscorner.com/


3/24

Brief Summary


Product SynopsisThis report is the result of SDI's extensive market and companyresearch covering the Spanish defense industry, and providesdetailed analysis of both historic and forecast defense industryvalues including key growth stimulators, analysis of the leading

companies in the industry, and key news.

Introduction and LandscapeWhy was the report written?The Future of the Spanish Defense Industry - MarketAttractiveness, Competitive Landscape and Forecasts to 2018offers the reader an insight into the market opportunities andentry strategies adopted by foreign original equipmentmanufacturers (OEMs) to gain a market share in the Spanishdefense industry.


4/24

Brief Summary


What is the current market landscape and what is changing?Spanish defense expenditure decreased at a CAGR of -9.79%during the review period and valued US$7.58 billion in 2013. Thefocus of the Spanish government will be on the modernization ofits armed forces, participation in peacekeeping operations, and

counter terrorism activities and disputes with neighboringcountries.

What are the key drivers behind recent market changes?Territorial dispute with Morocco and security threats pose by

terrorist organizations are the major drivers of the Spanishdefense industry.

What makes this report unique and essential to read?


5/24

Brief Summary


The Future of the Spanish Defense Industry - MarketAttractiveness, Competitive Landscape and Forecasts to 2018provides detailed analysis of the current industry size and growthexpectations from 2014 to 2018, including highlights of key growthstimulators. It also benchmarks the industry against key global

markets and provides a detailed understanding of emergingopportunities in specific areas.

Key Features and BenefitsThe report provides detailed analysis of the current industry size

and growth expectations from 2014 to 2018, including highlightsof key growth stimulators, and also benchmarks the industryagainst key global markets and provides a detailed understandingof emerging opportunities in specific areas.


6/24

Brief Summary


The report includes trend analysis of imports and exports,together with their implications and impact on the Spanishdefense industry.

The report covers five forces analysis to identify various power

centers in the industry and how these are expected to develop inthe future.

The report allows readers to identify possible ways to enter themarket, 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 competitivelandscape of the defense industry in Spain.


7/24

Brief Summary


It provides an overview of key defense companies, both domesticand foreign, together with insights such as key alliances, strategicinitiatives, and a brief financial analysis.

Key Market Issues

In 2013, the Spanish defense budget decreased by 6.7% from thatof 2011 to US$7.58 billion. While Spanish defense expenditurerecorded negative growth of 9.79% during the review period, it isexpected to record a CAGR of 1.95% during the forecast period.Furthermore, the share of capital expenditure in the total defense

budget is also expected to decrease from an average of 14.8%during the review period to 11.9% during the forecast period. Asthis is expected to reduce market opportunities, investments areexpected to fall, which will hinder the growth of the Spanishdefense industry.


8/24

Brief Summary


The growth of the Spanish defense industry is additionallyhindered by the project delays associated with the global financialcrisis, which lead to project cancellations and rising costs. Inparticular, the implementation of a European defense industry hascaused several project delays, as often member countries are

unable to agree unanimously over issues such as specifications.Key HighlightsThe Spanish government encourages its domestic defenseindustry to collaborate with foreign defense organizations fromcountries such as France and Germany to enhance Spain's

technological capabilities. Furthermore, to encourage RandDwithin the country, the Spanish government has built technologycenters with a combined workforce of over 2,000 people, includingmilitary personnel and civilians. Spain collaborated with Franceand Germany to undertake a risk reduction study for a jointadvanced unmanned aerial vehicle (AUAV) in 2007.


9/24

Brief Summary


The fifteen-month study, awarded to EADS, was completed in 2009and the main objective of the research was to develop a long-wing, high-altitude UAV with extended loiter time. The delivery ofthe first UAV is expected in 2015. Although the number of systemsrequired by the Spanish Armed Forces has not been finalized, the

country is expected to procure these defense systems during theforecast period.

During 2008-2012, Germany emerged as the largest arms supplierto Spain, with 55% of imports, followed by the US with 24%.

Percentage shares of US, Israel and France are expected to growover the forecast period, as a result of procurement programsfrom these countries in areas such as armored vehicles,ammunitions, fighter aircraft, and reconnaissance helicopters.


10/24

Brief Summary


During 2008-2012, the sale of warships to Norway and Venezuelagave a substantial boost to Spanish defense exports, therebymaking Norway the largest consumer of Spanish defense goods,with a share of 32%. The second and third largest importers ofSpanish military equipment were Australia and Venezuela,

accounting for 12% and 8% of total exports respectively. With theEuropean defense industry undergoing a consolidation phase,Spain seeks to undertake joint developments with foreign defenseOEM's based in countries such as Germany and France, which willincrease Spanish arms exports during the forecast period. An

example of one such alliance is the joint development of Franceand Spain for the Scorpene submarine, which led to thesuccessful export of 14 Scorpene submarines to Brazil, Chile,India and Malaysia. Other deal is between Navantia and theRussian agency Rosoboronexport for patrol ships.


11/24

Table of Contents


1 Introduction

1.1. What is this Report About?

1.2. Definitions

1.3. Summary Methodology

1.4. SDI Terrorism Index

1.5. About Strategic Defence Intelligence (www.strategicdefenceintelligence.com)

2 Executive Summary

3 Market Attractiveness and Emerging Opportunities

3.1. Defense Market Size - Historical and Forecast

3.1.1. Spanish defense budget is expected to grow at an estimated CAGR of 1.95% during the forecast

period, to reach US$7.77 billion in 2018

3.1.2. Territorial dispute with Morocco and security threats pose by terrorist organization will drive defenseexpenditure during the forecast period

3.1.3. Defense expenditure as a percentage of GDP is expected to reach 0.51% in 2018

3.2. Analysis of Defense Budget Allocation

3.2.1. Revenue expenditure accounts for the largest percentage share


12/24

Table of Contents


3.2.2. Expenditure on army is expected to be the largest during forecast period

3.2.3. Army capital expenditure to grow at a CAGR of 2.5% over the forecast period to reach US$0.24billion in 2018

3.2.4. Naval capital expenditure is expected to reach US$0.23 billion by 2018

3.2.5. Air Force capital expenditure to grow at a CAGR of 2.3% over the forecast period to reach US$0.18billion in 2018

3.2.6. The majority of the defense budget is allocated for the Secretary for State of Defense, intelligenceservices and Secretary of Defense

3.3. Homeland Security Market Size and Forecast

3.3.1. The Spanish homeland security expenditure is expected to grow at a CAGR of 4.9% over the forecastperiod

3.3.2. Counter terrorism, maritime security, illegal immigration and drug trafficking will drive homeland

security expenditure in Spain

3.3.3. Spain is moderatelyaffectedby terrorism

3.3.4. Spain has a terrorism index score of 0.4

3.4. Benchmarking with Key Global Markets

3.4.1. Spanish defense expenditure expected to increase marginally over the forecast period


13/24

Table of Contents


3.4.2. The country's defense budget is moderate compared to other leading spenders

3.4.3. Spanish defense expenditure as a percentage of GDP is expected to decrease over the forecastperiod

3.4.4. Spain faces moderate terror threat

3.5. Market Opportunities: Key Trends and Drivers

3.5.1. Transport and Utility Aircraft

3.5.2. SSK-Diesel Electric Submarine

3.5.3. Border security

3.5.4. Maritime security

3.5.5. Aviation MRO- Transport Aircraft

3.5.6. Counter Terrorism

3.5.7. Fighters and Multi-Role Aircraft

4 Defense Procurement Market Dynamics

4.1. Import Market Dynamics

4.1.1. Spanish defense imports are expected to grow during the forecast period

4.1.2. Germany emerged as significant arms supplier to Spain


14/24

Table of Contents


4.1.3. Armored vehicles and missile systems are expected to remain the key imports for Spanish defenseindustry

4.2. Export Market Dynamics

4.2.1. Spain ranked seventh among the countries with the highest volume of defense exports

4.2.2. Norway accounted for the largest percentage share of Spanish defense exports

4.2.3. Spain exported significant number of ships during the period 2008-2012

5 Industry Dynamics

5.1. Five Forces Analysis

5.1.1. Bargaining power of supplier: low

5.1.2. Bargaining power of buyer: high

5.1.3. Barrier to entry: medium

5.1.4. Intensity of rivalry: high

5.1.5. Threat of substitution: high

6 Market Entry Strategy

6.1. Market Regulation

6.1.1. Offset policy mandates suppliers to invest 100% of the contract value into the Spanish economy


15/24

Table of Contents


6.1.2. Spanish defense industry open to foreign direct investment

6.2. Market Entry Route

6.2.1. Foreign OEMs venture into the market by partnering with domestic defense firms

6.2.2. Joint RandD provides an attractive entry route to foreign OEMs

6.3. Key Challenges

6.3.1. Defense budget cuts discourage investors from entering the industry

6.3.2. Project delays deter defense industry growth

7 Competitive landscape and Strategic Insights

7.1. Competitive landscape Overview

7.2. Key Foreign Companies

7.2.1. Thales: overview

7.2.2. Thales: Defense Products

7.2.3. Thales: recent announcements and strategic initiatives

7.2.4. Thales: alliances

7.2.5. Thales: recent contract wins


16/24

Table of Contents


7.2.7. Iveco: overview

7.2.8. Iveco: defense products

7.2.9. Iveco: recent announcements and strategic initiatives

7.2.10. Iveco: alliances

7.2.11. Iveco: recent contract wins

7.3. Key Public Sector Companies

7.3.1. Navantia: overview

7.3.2. Navantia: defense products

7.3.3. Navantia: recent announcements and strategic initiatives

7.3.4. Navantia: alliances

7.3.5. Navantia: recent contract wins

7.4. Key Private Sector Companies

7.4.1. Santa Barbara Sistemas: overview

7.4.2. Santa Barbara Sistemas: defense products

7.4.3. Santa Barbara Sistemas: recent announcements and strategic initiatives


17/24

Table of Contents


7.4.4. Santa Barbara Sistemas: alliances

7.4.5. Santa Barbara Sistemas: recent contract wins

7.4.6. Aernnova Aerospace S.A.: overview

7.4.7. Aernnova Aerospace S.A.: defense products

7.4.8. Aernnova Aerospace S.A.: recent announcements and strategic initiatives

7.4.9. Aernnova Aerospace S.A.: recent contract wins

7.4.10. Aernnova Aerospace S.A.: financial analysis

7.4.11. Aries Ingenieria Y Sistemas, S.A.: overview

7.4.12. Aries Ingenieria Y Sistemas, S.A.: defense products

7.4.13. Aries Ingenieria Y Sistemas, S.A.: recent announcements and strategic initiatives

7.4.14. Indra Sistemas S.A.: overview

7.4.15. Indra Sistemas SA: defense products

7.4.16. Indra Sistemas S.A.: recent announcements and strategic initiatives

7.4.17. Indra Sistemas S.A.: alliances

7.4.18. Indra Sistemas S.A.: recent contract wins


18/24

Table of Contents


7.4.19. Indra Sistemas S.A.: financial analysis

7.4.20. Sociedad Anonima De Electrnica Submarina, S.A.: overview

7.4.21. Sociedad Anonima De Electrnica Submarina, S.A.: defense products

7.4.22. Sociedad Anonima De Electrnica Submarina, S.A.: recent announcements and strategic initiatives

7.4.23. Sociedad Anonima De Electrnica Submarina, S.A.: alliances

7.4.24. Sociedad Anonima De Electrnica Submarina, S.A.: recent contract wins

7.4.25. Parafly, S.A.: overview

7.4.26. Parafly, S.A.: defense products

7.4.27. Tecnobit: overview

7.4.28. Tecnobit: defense products

7.4.29. Tecnobit: recent announcements and strategic initiatives

7.4.30. Tecnobit: alliances

7.4.31. Tecnobit: recent contract wins

7.4.32. Tecnobit: financial analysis

7.4.33. Uro Vehiculos Especiales S.A.: overview


19/24

Table of Contents


7.4.34. Uro Vehiculos Especiales S.A.: defense products

7.4.35. Uro Vehiculos Especiales S.A.: recent announcements and strategic initiatives

7.4.36. Uro Vehiculos Especiales S.A.: recent contract wins

7.4.37. Amper: overview

7.4.38. Amper: defense products

7.4.39. Amper: recent announcements and strategic initiatives

7.4.40. Amper: alliances

7.4.41. Amper: recent contract wins

7.4.42. Amper: financial analysis

8 Business Environment and Country Risk

8.1. Demographics

8.1.1. Total Rural population

8.1.2. Total urban population

8.1.3. Number of households

8.2. Economic Performance


20/24

Table of Contents


8.2.1. GDP per capita at constant prices

8.2.2. GDP at current prices (US$)

8.2.3. Exports of goods and services (current US$ bn)

8.2.4. Imports of goods and services (current US$ bn)

8.2.5. Gross national disposable income (US$ billion)

8.2.6. Manufacturing output (US$ bn)

8.2.7. Consumer price index

8.2.8. Wholesale price index

8.2.9. LCU per US$ (period average)

8.2.10. Market capitalization of listed companies (US$ bn)

8.2.11. Market capitalization of listed companies (% of GDP)

8.2.12. Total Government cash surplus/deficit (LCU billion)

8.2.13. Government cash surplus/deficit as a percentage of GDP (LCU)

8.2.14. Central government debt (LCU billion)

8.2.15. Central government debt as a percentage of GDP (LCU)


21/24

Table of Contents


8.2.16. Goods exports as a percentage of GDP

8.2.17. Goods imports as a percentage of GDP

8.2.18. Services imports as a percentage of GDP

8.2.19. Service exports as a percentage of GDP

8.2.20. Services balance as a percentage of GDP

8.2.21. Foreign direct investment, net (BoP, current US$ billions)

8.2.22. International reserves, including gold (US$ billion)

8.3. Energy and utilities

8.3.1. Total Conventional Thermal Electricity Net Generation (Billion Kilowatt hours)

8.3.2. Hydroelectricity Net Generation (Billion Kilowatt hours)

8.3.3. Nuclear Electricity Net Generation (Billion Kilowatt hours)

8.3.4. Total Conventional Thermal Electricity Installed Capacity (Million Kilowatts)

8.3.5. Proved Reserves of Natural Gas (Trillion Cubic Feet)

8.3.6. Total Petroleum Consumption (Thousand Barrels Per Day)

8.3.7. Total Non-Hydro Renewable Electricity Net Generation (Billion kW)


22/24

Table of Contents


8.4. Infrastructure Quality and Availability

8.4.1. Air transport, freight (million ton-km)

8.5. Mineral

8.5.1. Mining, Manufacturing, Utilities Output (US$ billion)

8.6. Technology

8.6.1. Research and Development expenditure (LCU Thousands)

8.6.2. Patents Granted

8.7. Telecommunication

8.7.1. Telephone lines (in mn)

8.7.2. Telephone lines Penetration Rate (per 100 people)

9 Appendix

9.1. About SDI

9.2. Disclaimer


23/24

For more information


For more information please visit our website

https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/
http://www.reportscorner.com/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/http://www.reportscorner.com/


24/24

R t C

Thank You

t

RC

Contact us: [email protected]
http://www.reportscorner.com/mailto:[email protected]:[email protected]://www.reportscorner.com/

Documents

Spanish Defense Industry