Portugal Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
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Portugal Defense Market Report Overview
The Portugal defense budget is worth $2.7 billion in 2023 and is expected to achieve a CAGR of more than 6% during 2024-2028. The country has committed to spending increases following the conflict in Ukraine, with modernization and acquisition programs also driving ongoing expenditure increases.
The Portugal defense market research report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
Portugal Defense Market Outlook, 2023-2028 ($ Billion)
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Portugal Defense Market Drivers
International cooperation is one of the key drivers of Portugal’s defense market. Portugal is committed to international alliances and pursues collective security. It participates in operations with NATO and EU allies. The Portuguese military is also pursuing several modernization programs, including the acquisition of new aircraft and naval vessels, which will drive spending throughout the forecast period.
Furthermore, Portugal has developed a robust cyber security strategy in recent years and following defense budgets have made explicit reference to reinforcing cyber capabilities across government and private industries. The commitment for EUR45.5 ($49.4) million for cyber capacities through to 2030 and the creation of a cyber defense body illustrate the importance to Portuguese National Defense. This strategy is focused on the need to protect critical infrastructure as well as key information services and expand cyber protection to all citizens and businesses.
Portugal Military Doctrines and Defense Strategies
Portuguese military doctrine highlights three levels that work together to enhance domestic and international security. This includes immediate forces, permanent forces, and a modular set of forces. Immediate forces show the high level of readiness for the evacuation of citizens in crisis or conflict areas and response to national emergencies.
The country’s approach to maintaining domestic and international security includes a commitment to international defense initiatives such as the CSDP, continuing to highlight the strategic importance of Portugal’s NATO membership and relations with the US, and contributing to international missions to ensure peace and security.
Portugal Defense Market Segmentation by Sectors
The key sectors in the Portugal defense market are military fixed-wing aircraft, missiles and missile defense systems, artillery, naval vessels and surface combatants, electronic warfare, military rotorcraft, military simulation and training, military radar, tactical communications systems, military UAV, EOIR, naval engines, and INS GNSS. Military fixed-wing aircraft is the largest sector by value in 2023, followed by missiles & missile defense systems and military rotorcraft.
Portugal Defense Market Analysis by Sectors, 2023 (%)
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Portugal Defense Market - Competitive Landscape
Some of the leading defense companies in Portugal are A.P. Moller – Maersk AS, Lockheed Martin Corp, ThyssenKrupp AG, ZF Friedrichshafen AG, Mitsubishi Electric Corp, Arrow Electronics Inc, and SAP SE.
Portugal Defense Market Report Overview
Market Size (2023) | $2.7 Billion |
CAGR (2024-2028) | >6% |
Forecast Period | 2024-2028 |
Historical Period | 2019-2023 |
Key Sectors | Military Fixed-Wing Aircraft, Missiles and Missile Defense Systems, Artillery, Naval Vessels and Surface Combatants, Electronic Warfare, Military Rotorcraft, Military Simulation and Training, Military Radar, Tactical Communications Systems, Military UAV, EOIR, Naval Engines, and INS GNSS |
Leading Companies | A.P. Moller – Maersk AS, Lockheed Martin Corp, ThyssenKrupp AG, ZF Friedrichshafen AG, Mitsubishi Electric Corp, Arrow Electronics Inc, and SAP SE |
Segments Covered in the Report
Portugal Defense Sectors Outlook (Value, $ Billion, 2019-2028)
- Military Fixed-Wing Aircraft
- Missiles and Missile Defense Systems
- Artillery
- Naval Vessels and Surface Combatants
- Electronic Warfare
- Military Rotorcraft
- Military Simulation and Training
- Military Radar
- Tactical Communications Systems
- Military UAV
- EOIR
- Naval Engines
- INS GNSS
Scope
The report provides an in-depth analysis of the following –
- Portugal defense budget: detailed analysis of Portugal’s 2023 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 the Portugal military doctrine and strategy to provide a comprehensive overview of Portugal’s military procurement regulation.
- Security Environment: political alliances and perceived security threats to Portugal are examined and 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 Portugal’s defense industry.
Key Highlights
Drivers of Defense expenditure include Portugal’s military modernization and Development of Domestic industry. Major ongoing procurement programs include procurement of C-390 milleniums, Viana do Castelo-class OPVs and EMB 314 Super Tucanos.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the Portugal 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 Portugal 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 Portugal 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 Portugal 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.
West Sea Estalerios Navais Lda
Leonardo
Lockheed Martin
ThyssenKrupp
Mitshubishi Electric Corp
Arrow Electronics Inc
SAP SE
Heraeus Holding GmbH
3M Co
Avnet Inc
Cognizant Technology Solutions Corp
Lumen Technologies Inc
L3Harris Technologies Inc
Textron Inc
Table of Contents
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Frequently asked questions
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What is the Portugal defense market size in 2023?
The defense market size in Portugal is $2.7 billion in 2023.
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What is the Portugal defense market growth rate?
The defense market in Portugal is expected to achieve a CAGR of more than 6% during 2024-2028.
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What are the key sectors in the Portugal defense market?
The key sectors in the Portugal defense market are military fixed-wing aircraft, missiles and missile defense systems, artillery, naval vessels and surface combatants, electronic warfare, military rotorcraft, military simulation and training, military radar, tactical communications systems, military UAV, EOIR, naval engines, and INS GNSS.
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Which are the leading companies in the Portugal defense market?
Some of the leading companies in the Portugal defense market are A.P. Moller – Maersk AS, Lockheed Martin Corp, ThyssenKrupp AG, ZF Friedrichshafen AG, Mitsubishi Electric Corp, Arrow Electronics Inc, and SAP SE.
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