1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. SDI Terrorism Index
1.5. About Strategic Defense Intelligence
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Defense Market Size Historical and Forecast
3.1.1. Italian annual defense expenditure expected to reach US$XX billion in XX
3.1.2. Modernization of defense systems, peacekeeping initiatives, maintaining NATO, EU, and UN stipulations, and increasing terrorism activities expected to drive Italian defense expenditure
3.1.3. Defense expenditure as a percentage of GDP is expected to average XX% during the forecast period 22
3.2. Analysis of Defense Budget Allocation
3.2.1. The majority of Italy’s defense budget is allocated for revenue expenditure
3.2.2. Overall capital expenditure is expected to grow at a CAGR of XX% during the forecast period
3.2.3. Common services leads the defense budget allocation with XX% share during 2012 to 2016
3.2.4. Army expenditure expected to reach US$XXbillion by 2021
3.2.5. Air force expenditure expected to grow at CAGR XX% during forecast period
3.2.6. Cumulative navy expenditure expected to be US$XX billion during the forecast period
3.2.7. Common services expenditure is expected to reachUS$XX billion in 2021
3.3. Homeland Security Market Size and Forecast
3.3.1. Homeland security expenditure expected to reach US$XX billion in 2021
3.3.2. Homeland security expenditure in Italy is mainly driven by activities such as terrorism in the country, mafia wars, cyber security issues, and rising anarchist groups
3.3.3. SDI Terrorism Index rates Italy as a “XX” region
3.3.4. Italy has a score of XX on the Terrorism Index
3.4. Benchmarking with Key Global Markets
3.4.1. Italian defense expenditure expected to increase significantly over the forecast period
3.4.2. Italy is one of the largest defense spenders in the world
3.4.3. Italy expected to spend an average of XX% of its GDP on defense over the forecast period
3.4.4. Italy faces “moderate risk” by acts of terrorism
3.5. Market Opportunities: Key Trends and Drivers
3.5.1. Frigates
3.5.2. Fighters and Multi-Role Aircraft
3.5.3. Missile Defense System
3.5.4. Transport and Utility Helicopter
3.5.5. Amphibious Ships
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Arms imports expected to remain constant during the forecast period
4.1.2. European countries such as Germany, France, and the UK have entered the import market in competition with the US
4.1.3. Aircraft, ships, and sensors were the key defense imports during 2011–2015
4.2. Export Market Dynamics
4.2.1. Falling exports is a cause for concern for Italy’s emerging military industry
4.2.2. Asia and the Middle East to account for a major portion of Italian defense exports
4.2.3. Aircraft was the main exported defense product during 2011–2015
5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining power of the supplier: medium
5.1.2. Bargaining power of the buyer: High
5.1.3. Barrier to entry: low
5.1.4. Intensity of rivalry: low
5.1.5. Threat of substitution: low
6. Market Entry Strategy
6.1. Market Regulation
6.1.1. The Italian defense industry is largely driven by government regulation and policy
6.1.2. Restrictive defense policies to prevent increase in foreign investment
6.2. Market Entry Route
6.2.1. Technology transfer provides good market entry opportunities
6.2.2. Research and development collaborations offer market access
6.2.3. Joint ventures, partnerships, and licensing agreements are key market entry strategies in Italy
6.3. Key Challenges
6.3.1. Defense budget cuts across Europe challenge domestic defense companies
6.3.2. Restrictive foreign policy poses a challenge for non-European companies to enter the Italian defense industry
7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Domestic Companies
7.2.1. Finmeccanica: overview
7.2.2. Finmeccanica: products
7.2.3. Finmeccanica: recent announcements and strategic initiatives
7.2.4. Finmeccanica: alliances
7.2.5. Finmeccanica: recent contract wins
7.2.6. Finmeccanica: financial analysis
7.2.7. Selex ES: overview
7.2.8. Selex ES: products and services
7.2.9. Selex ES: recent announcements and strategic initiatives
7.2.10. Selex ES: alliances
7.2.11. Selex ES: recent contract wins
7.2.12. Oto Melara: overview
7.2.13. Oto Melara: products
7.2.14. Oto Melara: recent announcements and strategic initiatives
7.2.15. Oto Melara: alliances
7.2.16. Oto Melara: recent contract wins
7.2.17. Fincantieri: overview
7.2.18. Fincantieri: defense products
7.2.19. Fincantieri: recent announcements and strategic initiatives
7.2.20. Fincantieri: alliances
7.2.21. Fincantieri: recent contract wins
7.2.22. Fincantieri: financial analysis
7.2.23. MBDA: overview
7.2.24. MBDA: defense products
7.2.25. MBDA: recent announcements and strategic initiatives
7.2.26. MBDA: alliances
7.2.27. MBDA: recent contract wins
7.2.28. WASS: overview
7.2.29. WASS: products
7.2.30. WASS: alliances
7.2.31. WASS: recent contract wins
7.3. Key Private Companies
7.3.1. Elettronica: overview
7.3.2. Elettronica: products
7.3.3. Elettronica: recent announcements and strategic initiatives
7.3.4. Elettronica: alliances
7.3.5. Elettronica: recent contract wins
8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. Gross Domestic Product per Capita
8.1.2. Gross Domestic Product, current US$
8.1.3. Exports of Goods and Services
8.1.4. Imports of Goods and Services
8.1.5. Gross National Disposable Income
8.1.6. Local Currency Unit per USD
8.1.7. Market Capitalization of Listed Companies
8.1.8. Market Capitalization of Listed Companies (% of GDP)
8.1.9. Total Government Cash Surplus/Deficit as % of GDP (LCU bn)
8.1.10. Goods Exports as a % of GDP
8.1.11. Goods Imports as a % of GDP
8.1.12. Services Imports as a % of GDP
8.1.13. Services Exports as a % of GDP
8.1.14. Net Foreign Direct Investment (BoP, current US$ bn)
8.1.15. Net FDI as a % of GDP
8.2. Minerals
8.2.1. Mining, Manufacturing, Utilities Output (US$ billion)
9. Appendix
9.1. About SDI
9.2. Disclaimer