The Spanish defense industry is anticipated to record a marginal CAGR of almost 2% by 2019, According to the New Study on ASDReports

Monday 16 June 2014, Amsterdam

Report description overview:

The new report, now available on ASDReports, The Future of the Spanish Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2019 analyzes the Spanish defense industry market size and drivers, including detailed analysis of the Spanish defense industry during 2015–2019, together with highlights of the demand drivers and growth stimulators for the industry.  This report provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

The difference:

• This report will provide you with the confidence to make the correct business decisions based on a detailed analysis of the Spanish defense industry market trends for the coming five years.
• You will be provided with a clear uncovering of the key challenges and opportunities which will assist you in identifying key priorities that are likely to affect the industry’s growth prospects.
• This report analyzes factors that influence demand for the industry, including key market trends and challenges faced by industry participants, allowing you to adjust your business plan.

Report Highlight:

In 2014, the Spanish government allocated US$8 billion for the total defense budget, which recorded a CAGR of -6% in the past four years. The negative growth in defense expenditure is primarily due to the European debt crisis, which forced the country to cut its defense budget.

 The country is expected to witness more or less similar levels of budget allocations until 2016, before experiencing a marginal increase in 2019; expenditure is anticipated to grow at a CAGR of under 2% during 2015-2019.
Spanish defense expenditure is primarily driven by increasing terrorist threats, territorial disputes with Morocco, and extension of the existing military programs.

The country's defense industry is expected to focus on the modernization of the armed forces by implementing various procurement programs, including the Eurocopter Typhoons, A400M transport aircraft, NH-90 helicopters, as well as Spanish homeland security market as a result of growing obstacles posed by drug trafficking, illegal immigration, and terrorist activities.