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

Pages: 108 Published: May 09, 2023 Report Code: GDDF0840MR

France Defense Market Report Overview

The France defense budget is estimated to be $52 billion in 2023 and is expected to achieve a CAGR of more than 1% during 2024-2028.

France Defense Market Outlook, 2023-2028

France Defense Market Outlook, 2023-2028

The France 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.

Market Size (2023) $52 billion
CAGR (2024-2028) >1%
Forecast Period 2024-2028
Key Sectors Military Fixed-Wing Aircraft, Submarines, Military Rotorcraft, Naval Vessels And Surface Combatants, Military Land Vehicles, Unmanned Aerial Vehicles Among Others
Leading Companies Orange SA, Capgemini SE, Safran SA, Rexel SA, Thales SA, Atos SE, Vivendi SA, Nexans SA, Safran Aircraft Engines SAS, and Dassault Aviation SA

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France Defense Market Dynamics

Domestic modernization programs, NATO alliance, and the Russian invasion of Ukraine are some of the key drivers influencing the France defense market growth. Following the adoption of Military Planning Law in 2018, France has been incrementally increasing its defense spending as part of a wider effort to modernize the equipment employed by the various branches of the armed forces. The French Armed Forces fall under the same macro-strategic pressure as their allies, with both procurement officials and industry representatives continuing to push for the modernization to ensure the maximum level of interoperability and efficiency.

The major procurement programs are SNLE 3G, Rafale-F4, and H160M. In line with the Military Plan Law 2019-2025, France announced that it would develop four third generation nuclear-powered ballistic missile submarines (SNLE 3G) to replace the four Triomphant-class (SNLE 2G) SSBNs currently in service from 2035.

France Military Doctrines and Defense Strategies

Doctrine: The primary objective of France’s military doctrine is the protection of French territories, its population, and wider national interests, while also respecting international security commitments to NATO and European security structures. The Doctrine for the Employment of the French Armed Forces (CIA-01) outlines major priorities for the armed forces, namely developing operational autonomy and cooperative abilities, upholding and exerting international leverage across multinational alliances and organizations, integrating cyber capabilities into all operations, and strengthening logistical agility.

Strategy: High command had been increasingly concerned about the possibility of high intensity conflict, describing it as a credible hypothesis. This scenario was realized when Russia invaded Ukraine in 2022. As such, France’s defense strategy has been, and will increasingly be, centred around preparing French forces for such conflict. Moreover, as France’s allies pivot to the Indo-pacific region, in the face of heightened China-Taiwan tensions, France is increasingly having to prepare to operate in a multipolar environment

France Defense Market Segmentation by Sectors

The key sectors in the France defense market are military fixed-wing aircraft, submarines, military rotorcraft, naval vessels and surface combatants, military land vehicles, unmanned aerial vehicles among others. The military fixed-wing aircraft was the largest market sector in France in 2023.

France Defense Market Analysis by Sectors, 2023 (%)

France Defense Market Analysis by Sectors, 2023 (%)

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France Defense Market - Competitive Landscape

Some of the leading defense companies in France are Orange SA, Capgemini SE, Safran SA, Rexel SA, Thales SA, Atos SE, Vivendi SA, Nexans SA, Safran Aircraft Engines SAS, and Dassault Aviation SA among others.

Segments Covered in the Report

France Defense Sectors Outlook (Value, US$ Billion, 2023-2028)


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

  • France’s defense budget: detailed analysis of France’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 France’s military doctrine and strategy to provide a comprehensive overview of France’s military regulation.
  • Security Environment: political alliances and perceived security threats to France are examined and they help to explain trends in spending and modernization.
  • 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 France’s defense industry.

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of France’s defense market over the next five years
  • Gain an in-depth understanding of the underlying factors driving demand for different defense and internal security segments in the France 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 France’s defense market providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion
  • Channel resources by focusing on the ongoing programs that are being undertaken by the France government
  • Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available

Key Players

Dassault Aviation
Naval Group

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
    • 2.6. Key Market Trends and Insights

  • 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. SNLE 3G
    • 6.3. Rafale-F4
    • 6.4. The Barracuda-class (Suffren-class)
    • 6.5. H160M
    • 6.6. PANG (Porte Avion Nouvelle Generation)
    • 6.7. Rafale-B/C
    • 6.8. A400M Atlas
    • 6.9. Scorpion Program – VBMR Griffon
    • 6.10. A330MRTT
    • 6.11. Defense and Intervention Frigate (FDI)
    • 6.12. European MALE RPAS (Eurodrone)
    • 6.13. Modular Multirole Patrol Corvette (MMPC)

  • 7. Fleet Size

    • 7.1. Army
    • 7.2. Air Force
    • 7.3. Navy

  • 8. Competitive Landscape

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

  • 9. Appendix

    • 9.1. About This Report
    • 9.2. About Us

Frequently Asked Questions

The defense market size in France is estimated to be $52 billion in 2023.

The defense market in France is expected to achieve a CAGR of more than 1% during 2024-2028.

Domestic modernization programs, NATO alliance, and the Russian invasion of Ukraine are some of the key drivers influencing the France defense market growth.

The military fixed-wing aircraft was the largest sector in the France defense market in 2023.

Some of the leading companies in the France defense market are Orange SA, Capgemini SE, Safran SA, Rexel SA, Thales SA, Atos SE, Vivendi SA, Nexans SA, Safran Aircraft Engines SAS, and Dassault Aviation SA.


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