Future of the Belgian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020


#279359

136pages

Strategic Defence Intelligence

$ 1250

In Stock


The Future of the Belgian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020, published by Strategic Defence Intelligence, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

Key Findings

  • Over the historic period, Belgium’s defense expenditure registered a CAGR of -5.06%; between 2016 and 2020, the defense budget is expected to grow at a CAGR of 0.40%
  • The country’s total defense expenditure during the forecast period is expected to be US$15.8billion
  • The average share of capital expenditure is expected to be 23% over the forecast period, compared to an average share of 22.3% during 2011–2015
  • Over the forecast period, the country’s budget for homeland security is expected to be US$11.8 billion cumulatively
  • The key areas of investment are expected to be aircraft, helicopter, missiles, and surveillance equipment

Synopsis

This report offers detailed analysis of theBelgian defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
In particular, it provides an in-depth analysis of the following: 

  • Belgian defense industry market size and drivers: detailed analysis of the Belgian defense industry during 2016–2020, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns 
  • Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to the army, navy, and air force. It also details the key challenges faced by defense market participants within the country
  • Porter’s Five Force analysis of the Belgian defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry 
  • Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years 
  • Market opportunities: details of the top five defense investment opportunities over the coming 10 years
  • Competitive landscape and strategic insights: analysis of the competitive landscape of the Belgian defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Reasons To Buy

  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Belgian defense industry market trends for the coming five years
  • The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
  • Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of the Belgian defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts
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

2 Executive Summary

3 Market Attractiveness and Emerging Opportunities
3.1. Defense Market Size Historical and Forecast
3.1.1. Belgian defense expenditure is expected to increase at a CAGR of 0.40% over the forecast period
3.1.2. Ongoing equipment procurement plans and joint operations expected to drive defense expenditure over the forecast period
3.1.3. Belgium's defense expenditure as a percentage of GDP expected to decrease
3.2. Analysis of Defense Budget Allocation
3.2.1. Share of capital expenditure to average 23% over the forecast period
3.2.2. Capital expenditure expected to increase at a CAGR of 1.28% over 2016-2020
3.2.3. Belgian MoD to spend US$12.2 billion cumulatively on revenue expenditure over the forecast period
3.2.4. Per capita defense expenditure set to decrease over the forecast period
3.3. Homeland Security Market Size and Forecast
3.3.1. Belgian homeland security expenditure expected to increase at a CAGR of 0.17% over the forecast period
3.3.2. Drug trafficking and cyber security are the main homeland security concerns
3.3.3. Belgium falls under ""low risk"" of terrorism category
3.4. Benchmarking with Key Global Markets
3.4.1. Belgian defense budget expected to increase at a slower rate than other European countries over the forecast period
3.4.2. Belgian defense expenditure is low compared to other European nations
3.4.3. Belgium allocates a lower share of GDP for defense
3.4.4. Belgium faces a low threat from foreign terrorist organizations
3.5. Market Opportunities: Key Trends and Growth Stimulators
3.5.1. Multi-role Aircraft
3.5.2. Transport Aircraft
3.5.3. Anti-tank Missiles

4 Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports are expected to recover over the forecast period
4.1.2. Belgium sourced the majority of its arms imports from its neighbors
4.1.3. Aircraft and armored vehicles dominate military hardware imports
4.2. Export Market Dynamics
4.2.1. Arms exports to increase during the forecast period
4.2.2. Belgian arms exports expected to reach new markets over the forecast period
4.2.3. Aircraft and ships are the main exported defense products

5 Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining power of supplier: low to medium
5.1.2. Bargaining power of buyer: medium
5.1.3. Barrier to entry: medium
5.1.4. Intensity of rivalry: low to high
5.1.5. Threat of substitution: low to medium

6 Market Entry Strategy
6.1. Market Regulation
6.1.1. Offset policy aids development of domestic defense industry
6.1.2. Belgium permits 100% FDI in defense industry
6.2. Market Entry Route
6.2.1. Joint weapons development program, a viable market entry route
6.2.2. Subsidiaries provide market entry opportunities
6.2.3. Acquisition of domestic companies enables entrance to market
6.3. Key Challenges
6.3.1. Stringent offset policy discourages foreign OEMs from entering the industry
6.3.2. Limited defense budget discourages investors from market entry
6.3.3. Preference for EU companies poses a challenge for non-European companies

7 Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Domestic Companies
7.2.1. FN Herstal: overview
7.2.2. FN Herstal: products and services
7.2.3. FN Herstal: recent announcements and strategic initiatives
7.2.4. FN Herstal: alliances
7.2.5. FN Herstal: recent contract wins
7.2.6. Sonaca SA: overview
7.2.7. Sonaca SA: products and services
7.2.8. Sonaca SA: recent announcements and strategic initiatives
7.2.9. Sonaca SA: alliances
7.2.10. Sonaca SA: recent contract wins
7.2.11. Cockerill Maintenance & Ingénierie SA: overview
7.2.12. Cockerill Maintenance & Ingénierie SA: products and services
7.2.13. Cockerill Maintenance & Ingénierie SA: recent announcements and strategic initiatives
7.2.14. Cockerill Maintenance & Ingénierie SA: alliances
7.2.15. Cockerill Maintenance & Ingénierie SA: recent contract wins
7.2.16. SABCA Group: overview
7.2.17. SABCA Group: products and services
7.2.18. SABCA Group: recent announcements and strategic initiatives
7.2.19. SABCA Group: alliances
7.2.20. SABCA Group: recent contract wins
7.2.21. Esterline Belgium BVBA: overview
7.2.22. Esterline Belgium BVBA: products and services
7.2.23. Esterline Belgium BVBA: recent announcements and strategic initiatives
7.2.24. Esterline Belgium BVBA: alliances
7.2.25. Esterline Belgium BVBA: recent contract wins
7.2.26. Asco Industries: overview
7.2.27. Asco Industries: products and services
7.2.28. Asco Industries: recent announcements and strategic initiatives
7.2.29. Asco Industries: alliances
7.2.30. Asco Industries: recent contract wins
7.3. Key Foreign Companies
7.3.1. Mecar SA: overview
7.3.2. Mecar SA: products and services
7.3.3. Mecar SA: recent announcements and strategic initiatives
7.3.4. Mecar SA: alliances
7.3.5. Mecar SA: recent contract wins
7.3.6. Thales Belgium: overview
7.3.7. Thales Belgium: products and services
7.3.8. Thales Belgium: recent announcements and strategic initiatives
7.3.9. Thales Belgium: alliances
7.3.10. Thales Belgium: recent contract wins
7.3.11. Northrop Grumman Belgium: overview
7.3.12. Northrop Grumman Belgium: products and services
7.3.13. Northrop Grumman Belgium: recent announcements and strategic initiatives
7.3.14. Northrop Grumman Belgium: recent contract wins
7.3.15. Airbus Helicopters: overview
7.3.16. Airbus Helicopters: products and services
7.3.17. Airbus Helicopters: recent announcements and strategic initiatives
7.3.18. Airbus Helicopters: alliances
7.3.19. Airbus Helicopters: recent contract wins

8 Business Environment and Country Risk
8.1. Demographics & Social Statistics
8.1.1. Population - Rural
8.1.2. Population - Urban
8.1.3. Population - Number of Households
8.2. Economic Performance
8.2.1. Gross Domestic per Capita
8.2.2. Gross Domestic Product, current US$
8.2.3. Exports of Goods and Services
8.2.4. Imports of Goods and Services
8.2.5. Gross National Disposable Income
8.2.6. Manufacturing Output
8.2.7. Consumer Price Index
8.2.8. Wholesale Price Index
8.2.9. Local Currency Unit per US$
8.2.10. Market Capitalization of Listed Companies
8.2.11. Market Capitalization of Listed Companies as a % of GDP
8.2.12. Total Government Cash Surplus/Deficit
8.2.13. Government Cash Surplus/Deficit
8.2.14. Central Government Debt
8.2.15. Central Government Debt as a % of GDP
8.2.16. Goods Exports as a % of GDP
8.2.17. Goods Imports as a % of GDP
8.2.18. Goods Trade Surplus/Deficit as a % of GDP
8.2.19. Services Imports as a % of GDP
8.2.20. Services Exports as a % of GDP
8.2.21. Services trade surplus/deficit as a % of GDP
8.2.22. International reserves, including Gold
8.3. Energy and Utilities
8.3.1. Total Conventional Thermal Electricity Net Generation
8.3.2. Hydroelectricity Net Generation
8.3.3. Nuclear Electricity Net Generation
8.3.4. Total Conventional Thermal Electricity Installed Capacity
8.3.5. Total Electricity Exports
8.3.6. Total Electricity Imports
8.3.7. Total Petroleum Consumption
8.3.8. Total Non-Hydro Renewable Electricity Net Generation
8.4. Infrastructure Quality and Availability
8.4.1. Rail lines, total network
8.4.2. Air transport, freight
8.4.3. Overall Construction
8.5. Minerals
8.5.1. Mining, Manufacturing, Utilities Output
8.6. Technology
8.6.1. Research and development expenditure
8.6.2. Patents Granted
8.7. Telecommunication
8.7.1. Telephone lines
8.7.2. Telephone lines Penetration Rate

9 Appendix
9.1. About SDI
9.2. Disclaimer

Table 1: Belgian Defense Expenditure (US$ Billion), 2011-2015
Table 2: Belgian Defense Expenditure (US$ Billion), 2016-2020
Table 3: Belgian Defense Expenditure (EUR Billion), 2011-2015
Table 4: Belgian Defense Expenditure (EUR Billion), 2016-2020
Table 5: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2011-2015
Table 6: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2016-2020
Table 7: Belgian Defense Budget Split Between Capital and Revenue Expenditure (%), 2011-2015
Table 8: Belgian Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2020
Table 9: Belgian Defense Capital Expenditure (US$ Million), 2011 - 2015
Table 10: Belgian Defense Capital Expenditure (US$ Million), 2016 - 2020
Table 11: Belgian Defense Capital Expenditure (EUR Million), 2011-2015
Table 12: Belgian Defense Capital Expenditure (EUR Million), 2016-2020
Table 13: Belgian Defense Revenue Expenditure (US$ Billion), 2011-2015
Table 14: Belgian Defense Revenue Expenditure (US$ Billion), 2016-2020
Table 15: Belgian Defense Revenue Expenditure (EUR Billion), 2011-2015
Table 16: Belgian Defense Revenue Expenditure (EUR Billion), 2016-2020
Table 17: Belgian Per Capita Defense Expenditure (US$), 2011-2015
Table 18: Belgian Per Capita Defense Expenditure (US$), 2016-2020
Table 19: Belgian Homeland Security Budget (US$ Billion),2011-2015
Table 20: Belgian Homeland Security Budget (US$ Billion), 2016-2020
Table 21: Belgian Homeland Security Budget (EUR Billion), 2011-2015
Table 22: Belgian Homeland Security Budget (EUR Billion), 2016-2020
Table 23: Benchmarking with Key Markets - 2011-2015 vs. 2016-2020
Table 24: SDI Terrorism Index
Table 25: Offset Regulations in Belgium
Table 26: Belgian Participation in International Defense Development  Programs
Table 27: FN Herstal- Product focus
Table 28: FN Herstal- Alliances
Table 29: FN Herstal- Recent Contract Wins
Table 30: Sonaca SA- Product focus
Table 31: Sonaca SA- Alliances
Table 32: Sonaca SA - Contracts
Table 33: Cockerill Maintenance & Ingénierie SA- Product focus
Table 34: Cockerill Maintenance & Ingénierie SA- Alliances
Table 35: Cockerill Maintenance & Ingénierie SA- Recent Contract Wins
Table 36: SABCA Group- Product focus
Table 37: SABCA Group- Alliances
Table 38: SABCA Group- Recent Contract Wins
Table 39: Esterline Belgium BVBA- Product focus
Table 40: Esterline Belgium BVBA- Alliances
Table 41: Esterline Belgium BVBA- Recent Contract Wins
Table 42: Asco Industries- Product focus
Table 43: Asco Industries- Alliances
Table 44: Asco Industries- Recent Contract Wins
Table 45: Mecar SA- Product focus
Table 46: Mecar SA- Alliances
Table 47: Mecar SA- Recent Contract Wins
Table 48: Thales Belgium - Product focus
Table 49: Thales Belgium- Alliances
Table 50: Thales Belgium- Recent Contract Wins
Table 51: Northrop Grumman Belgium - Product focus
Table 52: Northrop Grumman Belgium- Recent Contract Wins
Table 53: Airbus Helicopters- Product focus
Table 54: Airbus Helicopters - Alliances
Table 55: Airbus Helicopters - Recent Contract Wins

Figure 1: Belgian Defense Expenditure (US$ Billion), 2011-2015
Figure 2: Belgian Defense Expenditure (US$ Billion), 2016-2020
Figure 3: Belgian Defense Expenditure (EUR Billion), 2011-2015
Figure 4: Belgian Defense Expenditure (EUR Billion), 2016-2020
Figure 5: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2011-2015
Figure 6: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as  Percentage of GDP Growth, 2016-2020
Figure 7: Belgian Defense Budget Split Between Capital and Revenue Expenditure (%), 2011-2015
Figure 8: Belgian Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2020
Figure 9: Belgian Defense Capital Expenditure (US$ Million), 2011-2015
Figure 10: Belgian Defense Capital Expenditure (US$ Million), 2016-2020
Figure 11: Belgian Defense Capital Expenditure (EUR Million), 2011-2015
Figure 12: Belgian Defense Capital Expenditure (EUR Million), 2016-2020
Figure 13: Belgian Defense Revenue Expenditure (US$ Billion), 2011-2015
Figure 14: Belgian Defense Revenue Expenditure (US$ Billion), 2016-2020
Figure 15: Belgian Defense Revenue Expenditure (EUR Billion), 2011-2015
Figure 16: Belgian Defense Revenue Expenditure (EUR Billion), 2016-2020
Figure 17: Belgian Per Capita Defense Expenditure (US$), 2011-2015
Figure 18: Belgian Per Capita Defense Expenditure (US$), 2016-2020
Figure 19: Belgian Homeland Security Budget (US$ Billion),2011-2015
Figure 20: Belgian Homeland Security Budget (US$ Billion), 2016-2020
Figure 21: Belgian Homeland Security Budget (EUR Billion), 2011-2015
Figure 22: Belgian Homeland Security Budget (EUR Billion), 2016-2020
Figure 23: SDI Terrorism Heat Map, 2015
Figure 24: SDI Terrorism Index, 2015
Figure 25: Benchmarking with Key Markets - 2011-2015 vs. 2016-2020
Figure 26: Benchmarking with World's Largest and Top Regional Defense Spenders (US$ Billion), 2015 and 2020
Figure 27: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2015
Figure 28: Belgian Multi-role Aircraft Market Size (US$ Million), 2015-2025
Figure 29: Belgian Transport Aircraft Market Size (US$ Million), 2015- 2025
Figure 30: Belgian Anti-tank Missiles Market Size (US$ Million), 2015- 2025
Figure 31: Belgium Defense Import Trend, 2010-2014 (TIV values)
Figure 32: Belgium Defense Imports by Country (%), 2010-2014
Figure 33: Belgium Defense Imports by Category (%),2010-2014
Figure 34: Belgium Defense exports by Value (%), 2010-2014
Figure 35: Belgium Defense exports by Country (%), 2010-2014
Figure 36: Belgium Defense Imports by Category (%), 2010-2014
Figure 37: Industry Dynamics Porter's Five Forces Analysis
Figure 38: Belgium Population - Rural (In Millions), 2015-2024
Figure 39: Belgium Population - Urban (In Millions), 2015-2024
Figure 40: Belgium Population - Number of Households (In Millions), 2010-2019
Figure 41: Belgium GDP per capita, 2015-2024
Figure 42: Belgium Gross Domestic Product (current US$ Bn),2015-2024
Figure 43: Belgium Exports of goods and services (current US$ Bn), 2006-2015
Figure 44: Belgium Imports of goods and services (current US$ Bn), 2006-2015
Figure 45: Belgium gross national disposable income (US$ Bn), 2006-2014
Figure 46: Belgium Manufacturing Output (US$ Bn), 2005-2014
Figure 47: Belgium Consumer Price Index, 2015-2024
Figure 48: Belgium Wholesale Price Index, 2005-2014
Figure 49: Belgium LCU per US$, 2015-2024
Figure 50: Belgium Market Capitalization of listed Companies (US$ Bn), 2005-2014
Figure 51: Belgium Market Capitalization of listed companies as a % of GDP, 2005-2014
Figure 52: Belgium Government cash surplus/deficit (LCU Bn), 2005-2014
Figure 53: Belgium Government cash Surplus/deficit as a % of GDP, 2005-2014
Figure 54: Belgium Central Government Debt (LCU Bn), 2005-2014
Figure 55: Belgium Central Government Debt as a % of GDP, 2005-2014
Figure 56: Belgium Goods Exports as a % of GDP, 2007-2014
Figure 57: Belgium Goods Imports as a % of GDP,2007-2014
Figure 58: Belgium Goods Trade Surplus/Deficit as a % of GDP, 2007-2014
Figure 59: Belgium Services Imports as a % of GDP, 2007-2014
Figure 60: Belgium Services Exports as a % of GDP, 2007-2014
Figure 61: Belgium Services trade surplus/deficit as a % of GDP, 2007-2014
Figure 62: Belgium International reserves, including Gold (US$ Bn), 2005-2014
Figure 63: Belgium Total Conventional Thermal Electricity Net Generation (Bn KWH), 2004-2013
Figure 64: Belgium Hydroelectricity Net Generation (Bn KWH), 2005-2014
Figure 65: Belgium Nuclear Electricity Net Generation (Bn KWH), 2005-2014
Figure 66: Belgium Total Conventional Thermal Electricity Installed Capacity (Million Kilowatts), 2003-2012
Figure 67: Belgium Total Electricity Exports (BnKWH), 2005-2014
Figure 68: Belgium Total Electricity Imports (Bn KWH), 2005-2014
Figure 69: Belgium Total Petroleum Consumption (Thousand Barrels per Day), 2006-2015
Figure 70: Belgium Total Non-Hydro Renewable Electricity Net Generation (Bn Kw), 2005-2014
Figure 71: Belgium Rail lines (total route-Km), 2005-2014
Figure 72: Belgium Air transport, freight (Million ton-Km), 2005-2014
Figure 73: Belgium Overall Construction (US$ Bn), 2010-2018
Figure 74: Belgium Mining, Manufacturing, Utilities Output(US$ Bn), 2005-2014
Figure 75: Belgium Research and Development (thousands LCU), 2003-2012
Figure 76: Belgium Patents Granted, 2006-2015
Figure 77: Belgium Telephone lines, 2003-2012
Figure 78: Belgium Telephone lines Penetration Rate (per 100 people), 2003-2012