Belgium Defense Market Data: Budget Allocations, Fleet Size and Program Forecasts, 2026-2035
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Stay ahead in the aerospace and defense market with an interactive, Excel-based country intelligence workbook from GlobalData. This ready-to-use workbook features intuitive pivots and dashboards that allow users to analyze defense spending, procurement programs, platform inventories, and market trends across key segments within Belgium. Easily slice and filter data, explore historical patterns and long-term forecasts, benchmark suppliers, and support strategic planning with transparent, analyst-curated insights through 2035.
Belgium Defense Market Data report provides –
Defense Budget Allocations: The interactive excel sheet allows the user to analyze total defense expenditure with flexible filters across major budget heads, including Acquisitions, RDT&E, Infrastructure, Personnel, Operations and Maintenance (O&M), and Other expenditures. Users can further enhance analysis by viewing contextual indicators such as exchange rates, real and nominal GDP, population, defense spending as a percentage of GDP, and defense budget per capita.
Defense Program Forecasts: The interactive Excel sheet allows the user to explore forecast spending across defense sectors and sub-sectors, with the ability to drill down to individual programs and suppliers. Interactive filters enable users to assess funding priorities, program pipelines, and supplier exposure within the country’s defense ecosystem.
Fleet Size: The interactive excel sheet allows the user to evaluate current and future equipment inventories by filtering data on equipment variants, acquisition timelines, current unit counts, annual fleet maintenance costs, manufacturers, and countries of origin. The workbook also provides forward-looking indicators such as projected retirement years, replacement probabilities, and service life extension likelihoods, offering clear visibility into modernization and replacement opportunities.
Two interactive visualization sheets with charts and graphs provide expert insights, enabling users to explore quantitative trends within the selected aerospace and defense market. The visualization sheets are supported by detailed underlying datasets covering Defense Budget Allocations, Fleet Size and Platform Analysis, and Defense Program Forecasts
For 2026, the Belgian government allocated $15.3 billion to its defense budget, marking a 5.4% increase when compared with 2025, and a compound annual growth rate (CAGR) of 22% from 2022 to 2026. Based on forecast figures, the nation's defense budget is projected to expand at a CAGR of 12.9% in 2027-2031, reaching $30.5 billion by 2031. To achieve Belgium's defence objectives and closer alignment with NATO goals, as set out in "Strategic Vision Defense 2025", the nation exceeded the 2% of GDP NATO defense spending goal in 2025 for the first time. The 2.6% outcome was described as a "lower limit, in accordance with the halt any decline principle". The paper spells out a loss of diplomatic credibility as a result of delaying the required defence budget increases – but pledges steady boosts heading towards the end of the decade. Russia is named as the major security threat, with protection of the European Union and NATO's eastern flank, namely Estonia, Latvia and Lithuania as a top priority.
Scope
This Excel deliverable gives important, expert insight you won’t find in any other source. The interactive model illustrates qualitative and quantitative trends within the specified market. Various sections covered in the workbook are as follows –
Interactive Visualizations: Two interactive dashboard sheets featuring charts and graphs that enable rapid analysis of qualitative and quantitative trends across the selected aerospace and defense market.
Defense Budget Allocations: Detailed coverage of total defense expenditure with breakdowns across acquisitions, RDT&E, infrastructure, personnel, operations and maintenance (O&M), and other spending categories, supported by key macroeconomic and contextual indicators.
Defense Program Forecasts: Forecast analysis of defense spending by sector, sub-sector, program, and supplier, enabling evaluation of procurement priorities, funding pipelines, and competitive positioning within the country.
Fleet Size and Platform Inventory: Comprehensive assessment of military equipment inventories, including platform variants, acquisition timelines, current unit counts, manufacturers, country of origin, maintenance costs, and projected retirement, replacement, and service life extension indicators.
Sources: Data compiled from a wide range of authoritative public and proprietary sources, including government budgets, defense ministries, armed forces disclosures, international organizations, industry reports, and GlobalData’s internal databases.
Key Highlights
Drivers:Belgium’s military modernization is the central driver of defense expenditure and to achieve defence objectives and closer alignment with NATO goals, as set out in "Strategic Vision Defense 2025"
Top 3 Sectors: Missiles and Missile Defense Systems, Naval Vessels and Surface Combatant and Military Land Vehicles
Top Country of Origin of Existing Fleet: Netherlands, Italy, United States, Germany and United Kingdom
Reasons to Buy
Identify high-growth investment and procurement opportunities by analyzing historical data and long-term trends in the Belgium defense market across budget categories, sectors, and platforms through 2035._x000D_
Track and benchmark defense budget allocations across acquisitions, RDT&E, personnel, infrastructure, and O&M, supported by macroeconomic indicators such as GDP, population, and defense spending as a percentage of GDP._x000D_
Assess program-level funding priorities and pipelines by drilling down into defense programs by sector, sub-sector, and supplier, enabling evaluation of funding stability, growth potential, and competitive exposure._x000D_
Evaluate fleet modernization and replacement opportunities using detailed platform-level data covering current inventories, acquisition timelines, maintenance costs, projected retirements, and replacement and service life extension probabilities._x000D_
Strengthen competitive and supplier intelligence through comparative analysis of manufacturers, country of origin, and supplier participation across key defense programs and platforms._x000D_
Save time and improve decision-making efficiency with a ready-to-use, interactive Excel workbook featuring intuitive pivots and dashboards that allow rapid filtering, customization, and scenario exploration without the need for additional modeling.
The Boeing Co
Belgian Weapons Corporation S.A.
Raytheon Missiles & Defense
Undisclosed-Not Awarded
SA Edgard Grimard
KNDS NV
Leonardo SpA
Undisclosed-Awarded
BAE Systems Bofors
SSC Consortium
Elbit Systems of America
Collins Aerospace and Elbit Systems of America
Airbus SE
Thales SA
AEE Aircraft Electronic Engineering GmbH
Aviation Communications & Surveillance Systems
LLC
Honeywell International Inc
Lockheed Martin Corp
BAE Systems Plc
Hensoldt AG
Leonardo UK Ltd
Sierra Nevada Corp
Metravib Defence
D-TA Systems Inc
Kongsberg Gruppen ASA
Safran SA
PCO SA
Thales Nederland B.V.
Chess Dynamics Ltd
RTX Corp
Safran Electronics & Defense
AeroVironment Inc
Hensoldt Theon NightVision GmbH
Pilatus Aircraft Ltd
Honeywell Aerospace
iXBlue SAS
RTX Corp
and Kongsberg Gruppen ASA
Dynamit Nobel Defence GmbH
MBDA Holdings SAS
MESKO SA
Kongsberg Defence & Aerospace AS
Diehl Defence GmbH & Co KG and Sistemas de Misiles de España
Anglo Belgian Corp
Damen Schelde Naval Shipbuilding
SOCARENAM
Belgium Naval & Robotics
Northrop Grumman Corp
General Atomics Aeronautical Systems
Hensoldt UK
Terma AS
Safran Aerosystems
Airbus Helicopters SAS
Thales SA and Indra Sistemas SA
General Atomics Aeronautical Systems Inc
GDI Simulation
KNDS France SA
BAE Systems Plc
L3Harris Technologies Inc
Lockheed Martin Corp
and Northrop Grumman Corp
Collins Aerospace
Astronics Corp
Saab AB
Rohde & Schwarz GmbH & Co KG
Insitu Inc
Origin Robotics
Exail SAS
L3Harris Technologies Inc
MOL CY and KNDS Deutschland GmbH & Co KG
KNDS France SA
Arquus and Thales SA
Oshkosh Defense LLC
DAF Trucks Vlaanderen N.V.
Jankel Tactical Systems
KNDS France SA and Arquus
KNDS Deutschland GmbH & Co KG
Belgium Naval & Robotics Consortium
ECA Group
Plasan North America (PNA)
Arquus
CTA International
FN Herstal SA
Safran Helicopter Engines
EUMET GmbH
Pratt & Whitney Co
Europrop International (EPI) GmbH
Table of Contents
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Sample Report
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