Spain Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-27

Pages: 81 Published: May 27, 2022 Report Code: GDDF0763MR

The Spain defense budget is set to reach $14.0 billion in 2022. The market is expected to grow at a CAGR of more than 3% from 2023 to 2027. Spain’s poor economic situation, with high levels of accumulated debt, is a key challenge for the defense market.

The Spain defense market research report offers a detailed analysis of the Spanish defense market with market size forecasts covering 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.

Spain Defense Market Overview

Spain Defense Market Overview

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What are the market dynamics in the Spain defense industry?

Russia invaded Ukraine in February 2021. This is going to be a major driver of defense expenditure in Spain for the foreseeable future. Spain will seek higher capability levels and higher budgets to increase its support for NATO.

Spanish defense policy outlined a need for service-wide modernization to keep up with NATO interoperability and, as hybrid threats increase in prevalence, the changing security landscape. Spain has been consistently underspending in comparison to other NATO members. After the 2018 budget deadlock, which resulted in its extension in 2019 and 2020, the increase in future defense expenditure is centered on acquisitions, particularly in terms of research and development (R&D), the Special Armament Programs, and the Special Modernization Programs, which were outlined in the 2022 budget.

What are the military doctrines and defense strategies in Spain?

The Spanish Armed Forces’ military doctrine is aligned with the NATO framework. Land, maritime, aerospace, cognitive (intangible environments such as communication techniques, and perceptions), and cyber are considered the operational domains for the Spanish Armed Forces.

A key strategy for the Spanish Armed Forces is the maintenance of its position in international organizations. The state is reliant on the collective security principles upheld by the NATO charter, after years of insufficient defense budgets have left the Spanish fleet aged and depleted. The increasing multipolarity of the international arena has left some more ill-equipped European states feeling vulnerable now that the US’s attention is divided. Thus, the importance of creating a strong European defense environment is a strategic priority for Spain.

What are the key sectors in the Spain defense market?

The key sectors in the Spain defense market are military fixed-wing, naval vessels & surface combatants, military land vehicles, military UAV, military rotorcraft, submarines, and military infrastructure & logistics.

Military fixed-wing is forecast to be the largest sector in Spain’s defense market followed by naval vessels & surface combatants and military rotorcraft.

Spain Defense Market Analysis by Sector

Spain Defense Market Analysis by SectorFor more sectors insights, download a free report sample

Which are the major companies in the Spain defense market?

Some of the major defense companies in Spain are Indra Sistemas SA, Amadeus IT Group SA, Aena SME SA, Aernnova Aerospace SA, Industria de Turbo Propulsores S.A., GMV Group, Aerovision Vehículos Aereos S.L., Airbus Military Sl, Alpha Unmanned Systems, Beamagine SL, Carbures Europe SA, and Elecnor Deimos.

Market report scope

Market size (2022)  $14.0 billion
CAGR (2023 to 2027)  >3%
Forecast Period 2022-2027
Key sectors Military Fixed-Wing, Naval Vessels & Surface Combatants, Military Land Vehicles, Military UAV, Military Rotorcraft, Submarines, and Military Infrastructure & Logistics
Major companies Indra Sistemas SA, Amadeus IT Group SA, Aena SME SA, Aernnova Aerospace SA, Industria de Turbo Propulsores S.A., GMV Group, Aerovision Vehículos Aereos S.L., Airbus Military Sl, Alpha Unmanned Systems, Beamagine SL, Carbures Europe SA, and Elecnor Deimos

Scope

It provides an in-depth analysis of the following –

  • Spain defense budget: detailed analysis of the Spanish 2022 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 the process is explained. This is coupled with an analysis of the Spanish military doctrine and strategy to provide a comprehensive overview of Spanish military regulation.
  • Security Environment: political alliances and perceived security threats to Spain are examined; there 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 Spain defense industry.

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of the Spanish 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 Spanish 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 Spanish 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 Spanish 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
Navantia
Airbus SE
Leonardo
Eurofighter
GDELS
NHIndustries

Table of Contents

Table of Contents

Executive Summary

Defense Budget Assessment

Budgeting Process

Defense Market Size Historic And Forecast

Drivers Of Defense Expenditure

Analysis Of Defense Budget Allocation

Military Doctrine And Security Environment

Military Doctrine And Strategy

Political And Strategic Alliances

Market Entry Strategy And Regulations

Defense Procurement Bodies

Funding Opportunities

Trade Associations and Defense Clusters

Types of Contracts and Opportunities

Types of Procurement Procedure

Procurement Policy and Market Regulations

Market Entry Routes

Key Challenges

Major Deals and M&A

Market Attractiveness And Emerging Opportunities

Market Attractiveness, 2022–27

Top Defense Segments By Value

Import And Export Market Dynamics

Import Market Dynamics

Export Market Dynamics

Defense Platform Acquisitions

Defense Platform Acquisitions By Value

F-110 Class Frigates

A400M Atlas

Dragon Wheeled Combat Vehicles

Fleet Size

Competitive Landscape

Defense Companies Operating In Spain

Main Defense Companies

Appendix

About This Report

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Frequently Asked Questions

The defense market size in Spain is set to reach $14.0 billion in 2022.

 

 

 

The defense market in Spain is expected to grow at a CAGR of more than 3% from 2023 to 2027.

The key sectors in the Spain defense market are military fixed-wing, naval vessels & surface combatants, military land vehicles, military UAV, military rotorcraft, submarines, and military infrastructure & logistics.

Some of the major companies in the Spain defense market are Indra Sistemas SA, Amadeus IT Group SA, Aena SME SA, Aernnova Aerospace SA, Industria de Turbo Propulsores S.A., GMV Group, Aerovision Vehículos Aereos S.L., Airbus Military Sl, Alpha Unmanned Systems, Beamagine SL, Carbures Europe SA, and Elecnor Deimos.

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