Future of the Spanish Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2023 – ResearchAndMarkets.com

The “Future
of the Spanish Defense Industry – Market Attractiveness, Competitive
Landscape and Forecasts to 2023” report has been added to ResearchAndMarkets.com’s

Spanish defense exports ranked seventh largest in the world, accounting
for 2.9% of the world’s deliveries. During 2013-2017, Spain enhanced its
aerospace and naval sectors significantly and, as a result, aircraft and
naval vessels accounted for the majority of defense exports, occupying
60.6% and 34.5%, respectively. Australia was the largest recipient,
occupying 34.2% of Spanish defense exports, followed by Turkey and Saudi

The Spanish defense industry, which values US$10.2 billion in 2018, is
anticipated to grow at a CAGR of 7.09% over the forecast period to reach
US$14 billion in 2023. The country was facing a fiscal debt due to its
economic slowdown, which resulted in a cut in military procurements
during 2015-2016. However, in 2017, Spain’s defense expenditure started
to recover and is anticipated to grow over the forecast period driven by
the country’s existing military procurement programs, security threats
from terrorist organizations, and territorial disputes with Morocco. The
country’s defense budget is anticipated to average 0.7% of GDP over the
forecast period.

The Spanish Ministry of Defence (MoD) is making an effort to modernize
its armed forces and support its existing projects. Capital expenditure
is expected to increase to US$2.2 billion in 2023.

Companies Mentioned

Key Topics Covered:

1. Introduction

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

9. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/trmh8f/future_of_the?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180713005103/en/

Leave a Comment