Future of the Portuguese Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2021

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The Future of the Portuguese Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020, published by Strategic Defense Intelligence, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

Scope

• Over the historic period, Portugal’s defense expenditure registered growth of -4.79%,decreasing from US$2.64billion in 2012 to US$2.17 billion in 2016

• Portugal’s military expenditure, valued at US$2.17billion in 2016, is expected to increase marginally to value US$2.19 billion by 2021, registering a CAGR of 0.20% over the forecast period

• Portuguese military expenditure will be driven by the modernization of defense systems, and active participation in joint operations with the European Union (EU), and the peacekeeping operations of NATO and the United Nations (UN)

• The Defense Ministry is expected to procuremulti-mission helicopter MRO, frigates MRO, and transport aircraft.

Reasons to Buy

This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Portuguese defense industry market trends for the coming five years

The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period

Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector

A deep qualitative analysis of the Portuguese defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts.

OGMA – IndústriaAeronáutica de Portugal SA
EID – Empresa de Investigação e Desenvolvimento de Electrónica SA
Edisoft
EMPORDEF TI Inc.
ENVC
IndraSistemas Portugal
AgustaWestland Portugal
Arsenal Alfeite
Fabrequipa
Critical Software

Table of Contents

1 Introduction-Future of the Portuguese Defense Industry

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. Portuguese defense budget is expected to record a CAGR of

0.20% during the forecast

3.1.2. International peacekeeping operations expected to drive defense expenditure over the forecast period

3.1.3. Portuguese defense expenditure as a percentage of GDP anticipated to decline over the forecast period

3.2. Analysis of Defense Budget Allocation

3.2.1. Share of capital expenditure expected to remain constant over the forecast period

3.2.2. Capital expenditure is anticipated to record a CAGR of

0.17% during the forecast period

3.2.3. Other expenditure is expected to receive the highest allocation over the forecast period

3.2.4. Army expenditure to decline over the forecast period

3.2.5. Naval expenditure is expected to grow at a CAGR of

1.53%during the forecast period

3.2.6. Air force expenditure is projected to decline over the forecast period

3.2.7. Per capita defense expenditure is projected to increase over the forecast period

3.3. Homeland Security Market Size and Forecast

3.3.1. Portuguese homeland security budget is anticipated to record a CAGR of

0.38% during the forecast period

3.3.2. Cyber-attacks and maritime security set to drive homeland security expenditure over the forecast period

3.3.3. Portugal falls under "some risk" of terrorism

3.3.4. Portugal has a terrorism index score of

0.3

3.4. Benchmarking with Key Global Markets

3.4.1. Portuguese defense budget expected to remain low compared to the leading spenders

3.4.2. Portugal defense expenditure to remain low compared to major spenders in Europe

3.4.3. Portugal allocates lower share of GDP for defense compared to the US and European countries

3.4.4. Portugal faces some threat from foreign terrorist organizations

3.5. Market Opportunities: Key Trends and Growth Stimulators

3.5.1. Multi-mission Helicopter MRO

3.5.2. Frigates MRO

3.5.3. Transport Aircraft

4 Defense Procurement Market Dynamics

4.1. Import Market Dynamics

4.1.1. Defense imports are expected to increase marginally over the period 2016-2021

4.1.2. Portugal sourced the majority of its arms imports from United States

4.1.3. Aircraft and Armored vehicles accounted for major military imports

4.2. Export Market Dynamics

4.2.1. Belgium accounted for 72% of Portuguese defense exports

4.2.2. Aircrafts are the main exported defense products

5 Industry Dynamics

5.1. Five Forces Analysis

5.1.1. Bargaining power of supplier: high to medium

5.1.2. Bargaining power of buyer: medium to low

5.1.3. Barrier to entry: low to medium

5.1.4. Intensity of rivalry: medium to high

5.1.5. Threat of substitution: medium to high

6 Market Entry Strategy

6.1. Market Regulation

6.1.1. Offset policy aids development of domestic defense industry and research activities

6.1.2. Offset policy aids development of domestic defense industry and research activities

6.2. Market Entry Route

6.2.1. Setting up subsidiaries offer market entry opportunity

6.2.2. Technology transfer, sub-contracts, and long-term supply contracts open new market entry strategy choices

6.3. Key Challenges

6.3.1. Domestic defense companies facing challenges from foreign companies

6.3.2. Budget cuts due to austerity measures challenging defense companies

6.3.3. Corrupt practices in the Portuguese government challenges the industry

7 Competitive Landscape and Strategic Insights

7.1. Competitive Landscape Overview

7.2. Key Domestic Companies

7.2.1. OGMA – Indústria Aeronáutica de Portugal SA: overview

7.2.2. OGMA – Indústria Aeronáutica de Portugal SA: products

7.2.3. OGMA – Indústria Aeronáutica de Portugal SA: recent announcements and strategic initiatives

7.2.4. OGMA – Indústria Aeronáutica de Portugal SA: alliances

7.2.5. OGMA – Indústria Aeronáutica de Portugal SA: recent contract wins

7.2.6. EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: overview

7.2.7. EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: products

7.2.8. EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: recent announcements and strategic initiatives

7.2.9. EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: alliances

7.2.10. EID – Empresa de Investigação e Desenvolvimento de Electrónica SA: recent contract wins

7.2.11. Edisoft: overview

7.2.12. Edisoft: products

7.2.13. Edisoft: recent announcements and strategic initiatives

7.2.14. Edisoft: alliances

7.2.15. Edisoft: recent contract wins

7.2.16. EMPORDEF TI Inc.: overview

7.2.17. EMPORDEF TI Inc.: products

7.2.18. EMPORDEF TI Inc.: recent announcements and strategic initiatives

7.2.19. EMPORDEF TI Inc.: alliances

7.2.20. EMPORDEF TI Inc.: recent contract wins

7.2.21. ENVC: overview

7.2.22. ENVC: products

7.2.23. ENVC: recent announcements and strategic initiatives

7.2.24. ENVC: alliances

7.2.25. ENVC: recent contract wins

7.2.26. Indra Sistemas Portugal: overview

7.2.27. Indra Sistemas Portugal: products and services

7.2.28. Indra Sistemas Portugal: recent announcements and strategic initiatives

7.2.29. Indra Sistemas Portugal: alliances

7.2.30. Indra Sistemas Portugal: recent contract wins

7.2.31. AgustaWestland Portugal: overview

7.2.32. AgustaWestland Portugal: products

7.2.33. AgustaWestland Portugal: recent announcements and strategic initiatives

7.2.34. AgustaWestland Portugal: alliances

7.2.35. AgustaWestland Portugal: recent contract wins

7.2.36. Arsenal Alfeite: overview

7.2.37. Arsenal Alfeite: products

7.2.38. Arsenal Alfeite: recent announcements and strategic initiatives

7.2.39. Arsenal Alfeite: recent contract wins

7.2.40. Fabrequipa: overview

7.2.41. Fabrequipa: products

7.2.42. Fabrequipa: recent announcements and strategic initiatives

7.2.43. Fabrequipa: alliances

7.2.44. Fabrequipa: recent contract wins

7.2.45. Critical Software: overview

7.2.46. Critical Software: products

7.2.47. Critical Software: recent announcements and strategic initiatives

7.2.48. Critical Software: alliances

7.2.49. Critical Software: recent contract wins

8 Business Environment and Country Risk

8.1. Economic Performance

8.1.1. Gross Domestic per Capita (US$)

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 US$

8.1.7. Market Capitalization of Listed Companies

8.1.8. Market Capitalization of Listed Companies as a % of GDP

8.1.9. Government Cash Surplus/Deficit

8.1.10. Goods Exports and imports as a % of GDP

8.1.11. Services Imports and Exports as a % of GDP

8.1.12. Net Foreign Direct Investment

8.1.13. Net FDI as a % of GDP

8.2. Minerals

8.2.1. Mining, Manufacturing, Utilities Output

9 Appendix

9.1. About SDI

9.2. Disclaimer

Table

Table 1: Portuguese Defense Expenditure (EUR billion& US$ billion), 2012-2021

Table 2: Portuguese GDP Growth and Defense Expenditure as Percentage of GDP, 2012-2021

Table 3: Portuguese Defense Budget Split Between Capital and Revenue Expenditure (%),

Table 4: Portuguese Defense Capital Expenditure (EUR Million &US$ Million), 2012-2021

Table 5: Portuguese Defense Expenditure Breakdown (%), 2012-2021

Table 6: Portuguese Defense Expenditure for Army (EUR Million & US$ Million), 2012-2021

Table 7: Portuguese Defense Expenditure for Navy (EUR Million & US$ Million), 2012-2021

Table 8: Portuguese Defense Expenditure for Air Force (EUR Million & US$ Million), 2012-2021

Table 9: Portuguese Per Capita Defense Expenditure (US$), 2012-2021

Table 10: Portuguese Defense Expenditure for Homeland Security(EUR Million & US$ Million), 2012-2021

Table 11: Benchmarking with Key Markets – 2012-2016vs. 2017-2021

Table 12: SDI Terrorism Index

Table 13: Offset Regulations in Portugal

Table 14: OGMA – Indústria Aeronáutica de Portugal SA- Alliances

Table15: OGMA – Indústria Aeronáutica de Portugal SA- Recent Contract Wins

Table16: EID – Empresa de Investigação e Desenvolvimento de Electrónica SA- Alliances

Table 17: EID – Empresa de Investigação e Desenvolvimento de Electrónica SA – Contracts

Table 18: Edisoft- Alliances

Table 19: Edisoft- Recent Contract Wins

Table 20: EMPORDEF TI Inc.- Alliances

Table 21: EMPORDEF TI Inc.- Recent Contract Wins

Table 22: ENVC- Alliances

Table 23:ENVC- Recent Contract Wins

Table 24: Indra Sistemas Portugal – Product focus

Table 25: Indra Sistemas Portugal- Alliances

Table 26: Indra Sistemas Portugal- Recent Contract Wins

Table 27: AgustaWestland Portugal- Alliances

Table 28: AgustaWestland Portugal- Recent Contract Wins

Table 29: Arsenal Alfeite- Product focus

Table 30: Arsenal Alfeite- Recent Contract Wins

Table 31: Fabrequipa- Alliances

Table 32: Fabrequipa- Recent Contract Wins

Table 33: Critical Software – Alliances

Table 34: Critical Software – Recent Contract Wins

Figures

Figure 1: Portuguese Defense Expenditure (EUR Billion), 2012-2021

Figure 2: Portuguese Defense Expenditure (US$ Billion), 2012-2021

Figure 3: Portuguese GDP Growth and Defense Expenditure as Percentage of GDP, 2012-2021

Figure 4: Portuguese Defense Budget Split Between Capital and Revenue Expenditure (%), 2012-2021

Figure 5: Portuguese Defense Capital Expenditure (EUR Million), 2012-2021

Figure 6: Portuguese Defense Capital Expenditure (US$ Million), 2012-2021

Figure 7: Portuguese Defense Expenditure Split Between Army, Navy, Air Force and Others (%), 2012-2021

Figure 8: Portuguese Defense Expenditure for Army (EUR Million), 2012-2021

Figure 9: Portuguese Defense Expenditure for Army (US$ Million), 2012-2021

Figure 10: Portuguese Defense Expenditure for Navy (EUR Million), 2012-2021

Figure 11: Portuguese Defense Expenditure for Navy (US$ Million), 2012-2021

Figure 12: Portuguese Defense Expenditure for Air Force (EUR Million), 2012-2021

Figure 13: Portuguese Defense Expenditure for Air Force (US$ Million), 2012-2021

Figure 14: Portuguese per capita defense expenditure (US$), 2012-2021

Figure 15: Portuguese Homeland Security Budget (EUR Million), 2012-2021

Figure 16: Portuguese Homeland Security Budget (US$ Million),2012-2021

Figure 17: SDI Terrorism Heat Map, 2016

Figure 18: SDI Terrorism Index, 2016

Figure 19: Benchmarking with World's Largest and Top Regional Defense Spenders (US$ Billion), 2012-2016 vs. 2017-2021

Figure 20: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2016 and 2021

Figure 21: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2016

Figure 22: Multi-mission Helicopter MRO Market Size (US$ Million), 2016-2022

Figure 23: Frigates MRO Market Size (US$ Million), 2016-2020

Figure 24: Transport Aircraft Market Size (US$ Million), 2016-2018

Figure 25: Portuguese Defense Import Trend, 2011-2015 (TIV values)

Figure 26: Portuguese Defense Imports by Country (%), 2011-2015

Figure 27: Portuguese Defense Imports by Category (%), 2011-2015

Figure 28: Portuguese Defense exports by Country (%), 2011-2015

Figure 29: Industry Dynamics Porter's Five Forces Analysis

Figure 30: Portuguese GDP per capita (US$), 2015-2025

Figure 31: Portuguese Gross Domestic Product (current US$Bn), 2015-2025

Figure 32: Portuguese Exports of goods and services (LCU), 2005-2014

Figure 33: Portuguese Imports of goods and services (LCU), 2005-2014

Figure 34: Portuguese gross national disposable income (US$ Bn), 2005- 2014

Figure 35: Portuguese LCU per US$, 2015-2024

Figure 36: Portuguese Market Capitalization of listed Companies (US$ Bn), 2005-2012

Figure 37: Portuguese Market Capitalization of listed companies as a % of GDP, 2005-2012

Figure 38: Portuguese Government cash Surplus/deficit as a % of GDP,2005-2012

Figure 39: Portuguese Goods Exports as a % of GDP, 2005-2014

Figure 40: Portuguese Services Imports as a % of GDP, 2005-2014

Figure 41: Portuguese Net Foreign Direct Investment (current US$ BN), 2005-2014

Figure 42: Portuguese Net FDI as a % of GDP, 2005-2014

Figure 43: Portuguese Mining, Manufacturing, Utilities Output (US$ Bn), 2005-2014

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