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The Portuguese Defense Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015

VIEWS: 58 PAGES: 149

This report offers insights into the market opportunities and entry strategies adopted by foreign OEMs (original equipment manufacturers) to gain a market share in the Portuguese defense industry. In particular, it offers in-depth analysis of the following: • Market opportunity and attractiveness: detailed analysis of the current industry size and growth expectations during 2011–2015, including highlights of the key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas. • Procurement dynamics: trend analysis of imports and exports, together with its implications and impact on the Portuguese defense industry. • Industry structure: five forces analysis to identify various power centers in the industry and how these are likely to develop in the future. • Market entry strategy: analysis of possible ways to enter the market, together with detailed descriptions of how existing players have entered the market, including key contracts, alliances, and strategic initiatives. • Competitive landscape and strategic insights: analysis of 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. • Business environment and country risk: a range of drivers at country level, assessing business environment and country risk. It covers historical and forecast values for a range of indicators, evaluating business confidence, economic performance, infrastructure quality and availability, labor force, demographics, and political and social risk.

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									The Portuguese Defense Industry –
Market Opportunities and Entry
Strategies, Analyses and Forecasts to
2015
Market Intelligence Report

Reference code: ICDDF0033MR11

Published: January 2011

www.icd-research.com

ICD Research

John Carpenter House

7 Carmelite House

London EC4Y 0BS

United Kingdom

Tel: +44 (0) 20 7936 6400

Fax: +44 (0) 20 7336 6813




© ICD Research Intelligence. This report is a licensed product and is not to be photocopied
TABLE OF CONTENTS


LIST OF TABLES .......................................................................................................................... 8
LIST OF FIGURES ........................................................................................................................ 9
1 Introduction ......................................................................................................................... 11
1.1       About this Report ..........................................................................................................................11
1.2       Definitions .....................................................................................................................................11
1.3       Methodology ..................................................................................................................................13
1.3.1 Secondary research ..................................................................................................................................... 13
1.3.2 Primary research .......................................................................................................................................... 13
1.3.3 Conventions ................................................................................................................................................. 14
1.4       ICD Research Intelligence Terrorism Index .................................................................................14
1.5       About ICD Research......................................................................................................................14
1.6       About Strategic Defense Intelligence (www.strategicdefenceintelligence.com) ......................14
2      Executive Summary ............................................................................................................ 16
3      Market Attractiveness and Emerging Opportunities ........................................................ 18
3.1       Defense Market Size and Forecast ...............................................................................................19
3.1.1 Portuguese annual defense expenditure expected to remain at US$3.1 billion by 2015 ................................. 19
3.1.2 Military modernization and contribution to international peacekeeping missions drive defense
      expenditure .................................................................................................................................................. 20
3.1.3 Defense expenditure as a percentage of GDP expected to reach to 1.3% by 2015........................................ 21
3.2       Analysis of Defense Budget Allocation .......................................................................................22
3.2.1 Capital expenditure allocation expected to increase during the forecast period.............................................. 22
3.2.2 Capital expenditure budget expected to grow at a CAGR of 8.73% during the forecast period ....................... 23
3.2.3 Army to get lower allocation in the forecast period ........................................................................................ 24
3.2.4 Naval budget is expected to grow at a CAGR of 0.16% during the forecast period ........................................ 25
3.2.5 Defense to cumulatively spend US$4.7 billion on the army during the forecast period ................................... 26
3.2.6 Air force expenditure to reach US$596.2 million by 2015 .............................................................................. 27
3.2.7 Central services support to get higher allocation in the forecast period .......................................................... 28
3.3       Homeland Security Market Size and Forecast ............................................................................29
3.3.1 Homeland security market expected to grow at a CAGR of 1.12% during the forecast period ........................ 29
3.3.2 Illegal immigration, cyber attacks and terrorism driving Portugal‟s homeland security expenditure ................. 30
3.3.3 Portugal faces some risk of terror attacks ..................................................................................................... 33
3.4       Benchmarking with Key Global Markets .....................................................................................35
3.4.1 Portuguese defense budget expected to decline unlike most of its European neighbors ................................ 35
3.4.2 Portugal defense expenditure is small compared to leading spenders ........................................................... 36
3.4.3 Portugal does not fulfill NATO standards on defense spending ..................................................................... 37
3.5       Market Opportunities: Key Trends and Growth Stimulators ......................................................38
3.5.1 Demand for frigates, offshore patrol vessels and wheeled armored amphibious vehicles to increase............. 38
3.5.2 Armored vehicles and battle tanks to modernize Portugal‟s army .................................................................. 38



The Portuguese Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015                          Published January 2011
© ICD Research Intelligence. This report is a licensed product and is not to be photocopied                                                            Page 2
TABLE OF CONTENTS


3.5.3 Portugal is expected to continue its commitment to acquire C-295 mid-size aircraft and also modernize
      its F-16 and P-3C aircraft.............................................................................................................................. 38
3.5.4 Control and communication systems to witness greater demand................................................................... 39
4      Defense Procurement Market Dynamics ........................................................................... 40
4.1       Import Market Dynamics ...............................................................................................................41
4.1.1 Defense imports expected to fall due to the proposed defense budget cuts ................................................... 41
4.1.2 US and Netherlands are major arms suppliers to Portugal ............................................................................ 42
4.1.3 Aircraft, armored vehicles and ships constitute the majority of Portuguese arms imports ............................... 43
4.2       Export Market Dynamics ..............................................................................................................44
4.2.1 Defense exports of the country are expected to increase in the forecast period ............................................. 44
4.2.2 Belgium and Uruguay are the major markets for Portuguese defense companies ......................................... 45
4.2.3 Aircraft and ship components account for majority of exports ........................................................................ 46
5      Industry Dynamics .............................................................................................................. 47
5.1       Fiv
								
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