France Defense Market

GlobalData’s France Defense Market - 2022 Free Report offers the reader a detailed analysis of France’s defense budget with market size forecasts covering the next five years. This report will also analyze factors currently driving defense expenditure in the country.

In particular, it provides an in-depth analysis of the following:

• Market size: A detailed analysis of the budget allocation along with budget forecasts over the period 2018-27. The report also provides breakdown of the defense budget in form of Acquisitions, Operations and Maintenance, and Others in both US Dollars ($) and Euro (EUR)
• Market drivers: The report provides an analysis of the forces driving the French defense market. It also gives a purview of procurement decisions in the context of the threat scenario

Key findings include: (meta data)

• Drivers of defense expenditure include major modernization programs outlined by the Military Planning Law 2019-2025 and deteriorating geopolitical security in both Europe and sub-Saharan Africa
• France’s defense expenditure grew from $50.3.2 billion in 2018 to $59.0 billion in 2022, reflecting a positive CAGR of 4.1% during the period of 2018–22
• Despite France’s ongoing participation in counterinsurgency operations on the African continent, the growing threat of high intensity warfare in Europe and the Indo-Pacific has driven a renewed push to acquire new and advanced platforms to compete with peer or near-peer adversaries
• French defense expenditure is projected to grow at a lower CAGR of 3.0% to reach a total value $68.0 billion by 2027