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(Transportation-News.com, November 17, 2017 ) Belgium's revenue expenditure declined at a CAGR of -7.4%, falling from US$2.7 billion in 2012 to US$2.0 billion in 2016; attributed to economic instability. However, it will post a forecast-period CAGR of 6.6% to return to US$2.7 billion in 2021.Capital expenditure declined at a CAGR of -6.7%, falling from US$770.0 million in 2012 to US$582.7 million in 2016. However, it will post a forecast-period CAGR of 7.6% to reach US$792.3 million in 2021, owing to the procurement of multi-role aircraft, frigates and armored vehicles.Total expenditure registered a CAGR of -7.3%, falling from US$3.5 billion in 2012 to US$2.6 billion in 2016, due to the effects of the European debt crisis and efforts to lower the fiscal deficit. Defense expenditure will post a forecast-period CAGR of 6.8% to reach US$3.4 billion in 2021.
Belgium - Defense and Security: Procurement programs to drive expenditure (Strategy, Performance and Risk Analysis)
Belgium registered a high economic impact of violence and conflict score due to a series of terrorist attacks in 2016. Attacks in neighboring France raised concerns over domestic safety and security, leading to an increase in the business cost of terrorism scores. The country also has small army comprising 21,339 soldiers and ranks low in comparison to its peers in terms of defense expenditure. The aircraft and homeland security categories are the industry's key drivers. Market Line's premium reports provide a comprehensive overview of each market within a country's defense industry; benchmark key performance indicators against regional and global peers; review industry trends and drivers; evaluate the competitive landscape and innovation potential of singular markets; and conduct data-driven SWOT analysis to ascertain a structured assessment of the performance of each territory represented.
Aircraft segment leads in terms of capital expenditure:
The aircraft category drove capital expenditure and stood at US$582.3 million in 2016. It will post a forecast-period CAGR of 5.1% to reach US$742.9 million in 2021 due to the procurement of fighter, refueling, and military transport aircraft. Belgium has also initiated the replacement of its F-16 fighters with 34 modern air frames.
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Reasons to buy
Scope
- Industry Snapshot and Industry View - Key Defense and Security Industry Statistics including total expenditure, revenue expenditure, and capital expenditure are analysed to reveal the key issues and trends driving market performance in the Belgium Defense and Security market.
- Industry SWOT Analysis - Discover the Strengths, Weaknesses, Opportunities and Threats impacting market performance and investment in the Belgium Defense and Security market.
- Industry Benchmarking - Benchmark how the Belgium Defense and Security market is performing compared to regional and global markets in terms of total expenditure, revenue expenditure, and capital expenditure to gauge potential for growth or market entry.
- Competitive Landscape - Analyze and compare the performance of the leading players in the Belgium Defense and Security market by business segment on metrics such as arms sales, along with detailed overview and product offerings of the leading Defense and Security players in Belgium.
Reasons to buy
- How is the market performing in terms of: total expenditure, revenue expenditure, and capital expenditure-
- How risky is it to invest in the Belgium Defense and Security industry compared to other European countries-
- What is driving the performance of key industry segments such as aircraft and others-
- Who are the leading players in the Belgium Defense and Security industry and how does their performance compare-
- What trends are being witnessed within the Belgium Defense and Security industry-
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Table of Contents
Conflict &Costs Index 3
Industry Snapshot 8
Industry View 21
Industry SWOT Analysis 25
Industry Benchmarking 31
Industry Performance 46
Competitive Landscape 56
Innovation 62
Deals 64
Key Developments 67
Appendix 70
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