Austria Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028

Pages: 73 Published: March 01, 2023 Report Code: GDDF0823MR

Austria Defense Market Report Overview 

The Austria defense budget is estimated to be worth $3.4 billion in 2023 and is expected to achieve a CAGR of more than 11% during 2024-2028. Austria’s defense budget is set to increase in the coming years, due to the conflict in Ukraine, and also due to ongoing modernization efforts, with the country producing systems including helicopters and combat aircraft in the forecast period.

The Austria defense market research report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Austria Defense Market Outlook, 2023-2028 ($ Billion)

Austria Defense Market Outlook, 2023-2028 ($ Billion)

For more insights into the Austria defense market forecast, download a free report sample

Austria Defense Market Drivers

Austria has been committed to modernization for some years, with ongoing key acquisitions, and increased investment in enabling these purchases. Moreover, the conflict in Ukraine has spurred defense spending, with Austria committing to increasing spending in the coming years.

Furthermore, the variety of threats that Austria is facing is a major driver of spending, with conventional and varied asymmetrical threats requiring different approaches.

Austria Military Doctrines and Defense Strategies

In recent years, Austria has established increased early warning capabilities which work in combination with military preparedness to make the country a viable military power. The military is tasked with ensuring domestic sovereignty, as well as facilitating international crisis management.

Austria’s military strategy centers on trying to ensure ongoing peace and avoid violent conflict, as well as fostering relations with allies to ensure ongoing international security. It works with the EU and NATO to pursue common security goals, particulary those in the European neighborhood which increasingly threaten EU security. Austrian security documents describe numerous threats to ongoing stability, including destabilization, shifting global power relations, transnational organized and economic crime, and the proliferation of WMDs globally.

Austria Defense Market Segmentation by Sectors

The key sectors in the Austria defense market are military fixed-wing aircraft, military rotorcraft, electronic warfare, military radar, EOIR, military simulation and training, tactical communications, military land vehicles, and INS GNSS. Military fixed-wing aircraft is the top segment in the Austrian defense market and is expected to rank as the leading sector in the coming years.

Austria Defense Market Analysis by Sectors, 2023 (%)

Austria Defense Market Analysis by Sectors, 2023 (%)

For more sector insights into the Austria defense market, download a free report sample

Austria Defense Market - Competitive Landscape

Some of the leading defense companies in Austria are Mitsubishi Corp, Accenture Plc, Ingram Micro Inc, Cisco Systems Inc, ThyssenKrupp AG, Heraeus Holding GmbH, Arrow Electronics Inc, Jabil Inc, ABB Ltd, and SPINNER GmbH.

Austria Defense Market Report Overview

Market Size (2023) $3.4 billion
CAGR (2024-2028) >11%
Forecast Period 2024-2028
Historical Period 2019-2022
Key Sectors Military Fixed-Wing Aircraft, Military Rotorcraft, Electronic Warfare, Military Radar, EOIR, Military Simulation and Training, Tactical Communications, Military Land Vehicles, and INS GNSS
Leading Companies Mitsubishi Corp, Accenture Plc, Ingram Micro Inc, Cisco Systems Inc, ThyssenKrupp AG, Heraeus Holding GmbH, Arrow Electronics Inc, Jabil Inc, ABB Ltd, and SPINNER GmbH

Segments Covered in the Report

Austria Defense Market Sectors Outlook (Value, $ Billion, 2019-2028)

  • Military Fixed-Wing Aircraft
  • Military Rotorcraft
  • Electronic Warfare
  • Military Radar
  • EOIR
  • Military Simulation and Training
  • Tactical Communications
  • Military Land Vehicles
  • INS GNSS

Scope

The report provides an in-depth analysis of the following –

  • Austria’s defense budget: detailed analysis of Austria’s FY2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
  • Regulation: the procurement policy and process is explained. This is coupled with an analysis of Austria’s military doctrine and strategy to provide a comprehensive overview of Austria’s military regulation.
  • Security Environment: political alliances and perceived security threats to Austria are examined; they help to explain trends in spending and modernisation.
  • Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
  • Competitive landscape and strategic insights: analysis of the competitive landscape of the Austrian defense industry.

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of Austria’s defense market over the next five years
  • Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Austrian market and identify the opportunities offered.
  • Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
  • Identify the major threats that are driving the Austrian defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
  • Channel resources by focusing on the ongoing programs that are being undertaken by the Austrian government
  • Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available

Table of Contents

  • 1. Executive Summary
  • 2. Defense Budget Assessment

    • 2.1. Budgeting Process
    • 2.2. Defense Market Size Historic And Forecast
    • 2.3. Drivers Of Defense Expenditure
    • 2.4. Analysis of Defense Expenditure Allocation
    • 2.5. Analysis Of Defense Budget Allocation

  • 3. Military Doctrine And Security Environment

    • 3.1. Military Doctrine And Strategy
    • 3.2. Strategic Alliances and Geopolitics
    • 3.3. Political, Social, and Economic Scenario

  • 4. Market Entry Strategy And Regulations

    • 4.1. Defense Procurement Bodies
    • 4.2. Funding Opportunities
    • 4.3. Trade Associations and Defense Clusters
    • 4.4. Types of Contracts and Opportunities
    • 4.5. Types of Procurement Procedure
    • 4.6. Procurement Policy and Market Regulations
    • 4.7. Market Entry Routes
    • 4.8. Key Challenges
    • 4.9. Major Deals and M&A

  • 5. Market Attractiveness And Emerging Opportunities

    • 5.1. Market Attractiveness, 2023–28
    • 5.2. Top Defense Segments By Value

  • 6. Defense Platform Acquisitions

    • 6.1. Defense Platform Acquisitions By Value
    • 6.2. AW169M
    • 6.3. Pandur 6*6 Evo

  • 7. Fleet Size
  • 8. Competitive Landscape

    • 8.1. Defense Companies Operating In Austria
    • 8.2. Main Defense Companies

  • 9. Appendix

    • 9.1. About This Report
    • 9.2. About Us
    • 9.3. Contact Us

Frequently Asked Questions

The defense market size in Austria is estimated to be $3.4 billion in 2023.

The defense market in the Austria is expected to achieve a CAGR of more than 11% during 2023-2028.

The key sectors in the Austria defense market are military fixed-wing aircraft, military rotorcraft, electronic warfare, military radar, EOIR, military simulation and training, tactical communications, military land vehicles, and INS GNSS.

Some of the leading companies in the Austria defense market are Mitsubishi Corp, Accenture Plc, Ingram Micro Inc, Cisco Systems Inc, ThyssenKrupp AG, Heraeus Holding GmbH, Arrow Electronics Inc, Jabil Inc, ABB Ltd, and SPINNER GmbH.

$1,250

Can be used by individual purchaser only

$2,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Get in touch to find out about our multi-purchase discounts

reportstore@globaldata.com
Tel +44 (0) 20 7947 2960

Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.

Still undecided about purchasing this report?

Enquire Before Buying

Request a Free Sample

Testimonial

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods