This report is the result of SDI's extensive market and company research covering the Spanish defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news. https://www.reportscorner.com/reports/20970/Future-of-the-Spanish-Defense-Industry---Market-Attractiveness,-Competitive-Landscape-and-Forecasts-to-2018/

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Reports Corner
Future of the Spanish Defense Industry - Market Attractiveness,
Competitive Landscape and Forecasts to 2018

2. DescriptionDescription
Reports Cornerwww.reportscorner.com
This report is the result of SDI's extensive market and company
research covering the Spanish defense industry, and provides
detailed analysis of both historic and forecast defense industry
values including key growth stimulators, analysis of the leading
companies in the industry, and key news.

3. Brief SummaryBrief Summary
Reports Cornerwww.reportscorner.com
Product Synopsis
This report is the result of SDI's extensive market and company
research covering the Spanish defense industry, and provides
detailed analysis of both historic and forecast defense industry
values including key growth stimulators, analysis of the leading
companies in the industry, and key news.
Introduction and Landscape
Why was the report written?
The Future of the Spanish Defense Industry - Market
Attractiveness, Competitive Landscape and Forecasts to 2018
offers the reader an insight into the market opportunities and
entry strategies adopted by foreign original equipment
manufacturers (OEMs) to gain a market share in the Spanish
defense industry.

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What is the current market landscape and what is changing?
Spanish defense expenditure decreased at a CAGR of -9.79%
during the review period and valued US$7.58 billion in 2013. The
focus of the Spanish government will be on the modernization of
its armed forces, participation in peacekeeping operations, and
counter terrorism activities and disputes with neighboring
countries.
What are the key drivers behind recent market changes?
Territorial dispute with Morocco and security threats pose by
terrorist organizations are the major drivers of the Spanish
defense industry.
What makes this report unique and essential to read?

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The Future of the Spanish Defense Industry - Market
Attractiveness, Competitive Landscape and Forecasts to 2018
provides detailed analysis of the current industry size and growth
expectations from 2014 to 2018, including highlights of key
growth stimulators. It also benchmarks the industry against key
global markets and provides a detailed understanding of
emerging opportunities in specific areas.
Key Features and Benefits
The report provides detailed analysis of the current industry size
and growth expectations from 2014 to 2018, including highlights
of key growth stimulators, and also benchmarks the industry
against key global markets and provides a detailed understanding
of emerging opportunities in specific areas.

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The report includes trend analysis of imports and exports,
together with their implications and impact on the Spanish
defense industry.
The report covers five forces analysis to identify various power
centers in the industry and how these are expected to develop in
the future.
The report allows readers to identify possible ways to enter the
market, together with detailed descriptions of how existing
companies have entered the market, including key contracts,
alliances, and strategic initiatives.
The report helps the reader to understand the competitive
landscape of the defense industry in Spain.

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It provides an overview of key defense companies, both domestic
and foreign, together with insights such as key alliances, strategic
initiatives, and a brief financial analysis.
Key Market Issues
In 2013, the Spanish defense budget decreased by 6.7% from that
of 2011 to US$7.58 billion. While Spanish defense expenditure
recorded negative growth of 9.79% during the review period, it is
expected to record a CAGR of 1.95% during the forecast period.
Furthermore, the share of capital expenditure in the total defense
budget is also expected to decrease from an average of 14.8%
during the review period to 11.9% during the forecast period. As
this is expected to reduce market opportunities, investments are
expected to fall, which will hinder the growth of the Spanish
defense industry.

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The growth of the Spanish defense industry is additionally
hindered by the project delays associated with the global financial
crisis, which lead to project cancellations and rising costs. In
particular, the implementation of a European defense industry has
caused several project delays, as often member countries are
unable to agree unanimously over issues such as specifications.
Key Highlights
The Spanish government encourages its domestic defense
industry to collaborate with foreign defense organizations from
countries such as France and Germany to enhance Spain's
technological capabilities. Furthermore, to encourage RandD
within the country, the Spanish government has built technology
centers with a combined workforce of over 2,000 people,
including military personnel and civilians. Spain collaborated with
France and Germany to undertake a risk reduction study for a
joint advanced unmanned aerial vehicle (AUAV) in 2007.

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The fifteen-month study, awarded to EADS, was completed in
2009 and the main objective of the research was to develop a
long-wing, high-altitude UAV with extended loiter time. The
delivery of the first UAV is expected in 2015. Although the number
of systems required by the Spanish Armed Forces has not been
finalized, the country is expected to procure these defense
systems during the forecast period.
During 2008-2012, Germany emerged as the largest arms supplier
to Spain, with 55% of imports, followed by the US with 24%.
Percentage shares of US, Israel and France are expected to grow
over the forecast period, as a result of procurement programs
from these countries in areas such as armored vehicles,
ammunitions, fighter aircraft, and reconnaissance helicopters.

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During 2008-2012, the sale of warships to Norway and Venezuela
gave a substantial boost to Spanish defense exports, thereby
making Norway the largest consumer of Spanish defense goods,
with a share of 32%. The second and third largest importers of
Spanish military equipment were Australia and Venezuela,
accounting for 12% and 8% of total exports respectively. With the
European defense industry undergoing a consolidation phase,
Spain seeks to undertake joint developments with foreign defense
OEM's based in countries such as Germany and France, which
will increase Spanish arms exports during the forecast period. An
example of one such alliance is the joint development of France
and Spain for the Scorpene submarine, which led to the
successful export of 14 Scorpene submarines to Brazil, Chile,
India and Malaysia. Other deal is between Navantia and the
Russian agency Rosoboronexport for patrol ships.

11. Table of ContentsTable of Contents
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1 Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. SDI Terrorism Index
1.5. About Strategic Defence Intelligence (www.strategicdefenceintelligence.com)
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
3.1. Defense Market Size - Historical and Forecast
3.1.1. Spanish defense budget is expected to grow at an estimated CAGR of 1.95% during the forecast
period, to reach US$7.77 billion in 2018
3.1.2. Territorial dispute with Morocco and security threats pose by terrorist organization will drive
defense expenditure during the forecast period
3.1.3. Defense expenditure as a percentage of GDP is expected to reach 0.51% in 2018
3.2. Analysis of Defense Budget Allocation
3.2.1. Revenue expenditure accounts for the largest percentage share

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3.2.2. Expenditure on army is expected to be the largest during forecast period
3.2.3. Army capital expenditure to grow at a CAGR of 2.5% over the forecast period to reach US$0.24
billion in 2018
3.2.4. Naval capital expenditure is expected to reach US$0.23 billion by 2018
3.2.5. Air Force capital expenditure to grow at a CAGR of 2.3% over the forecast period to reach US$0.18
billion in 2018
3.2.6. The majority of the defense budget is allocated for the Secretary for State of Defense, intelligence
services and Secretary of Defense
3.3. Homeland Security Market Size and Forecast
3.3.1. The Spanish homeland security expenditure is expected to grow at a CAGR of 4.9% over the forecast
period
3.3.2. Counter terrorism, maritime security, illegal immigration and drug trafficking will drive homeland
security expenditure in Spain
3.3.3. Spain is “moderately affected” by terrorism
3.3.4. Spain has a terrorism index score of 0.4
3.4. Benchmarking with Key Global Markets
3.4.1. Spanish defense expenditure expected to increase marginally over the forecast period

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3.4.2. The country's defense budget is moderate compared to other leading spenders
3.4.3. Spanish defense expenditure as a percentage of GDP is expected to decrease over the forecast
period
3.4.4. Spain faces moderate terror threat
3.5. Market Opportunities: Key Trends and Drivers
3.5.1. Transport and Utility Aircraft
3.5.2. SSK-Diesel Electric Submarine
3.5.3. Border security
3.5.4. Maritime security
3.5.5. Aviation MRO- Transport Aircraft
3.5.6. Counter Terrorism
3.5.7. Fighters and Multi-Role Aircraft
4 Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Spanish defense imports are expected to grow during the forecast period
4.1.2. Germany emerged as significant arms supplier to Spain

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4.1.3. Armored vehicles and missile systems are expected to remain the key imports for Spanish defense
industry
4.2. Export Market Dynamics
4.2.1. Spain ranked seventh among the countries with the highest volume of defense exports
4.2.2. Norway accounted for the largest percentage share of Spanish defense exports
4.2.3. Spain exported significant number of ships during the period 2008-2012
5 Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining power of supplier: low
5.1.2. Bargaining power of buyer: high
5.1.3. Barrier to entry: medium
5.1.4. Intensity of rivalry: high
5.1.5. Threat of substitution: high
6 Market Entry Strategy
6.1. Market Regulation
6.1.1. Offset policy mandates suppliers to invest 100% of the contract value into the Spanish economy

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6.1.2. Spanish defense industry open to foreign direct investment
6.2. Market Entry Route
6.2.1. Foreign OEMs venture into the market by partnering with domestic defense firms
6.2.2. Joint RandD provides an attractive entry route to foreign OEMs
6.3. Key Challenges
6.3.1. Defense budget cuts discourage investors from entering the industry
6.3.2. Project delays deter defense industry growth
7 Competitive landscape and Strategic Insights
7.1. Competitive landscape Overview
7.2. Key Foreign Companies
7.2.1. Thales: overview
7.2.2. Thales: Defense Products
7.2.3. Thales: recent announcements and strategic initiatives
7.2.4. Thales: alliances
7.2.5. Thales: recent contract wins

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7.2.7. Iveco: overview
7.2.8. Iveco: defense products
7.2.9. Iveco: recent announcements and strategic initiatives
7.2.10. Iveco: alliances
7.2.11. Iveco: recent contract wins
7.3. Key Public Sector Companies
7.3.1. Navantia: overview
7.3.2. Navantia: defense products
7.3.3. Navantia: recent announcements and strategic initiatives
7.3.4. Navantia: alliances
7.3.5. Navantia: recent contract wins
7.4. Key Private Sector Companies
7.4.1. Santa Barbara Sistemas: overview
7.4.2. Santa Barbara Sistemas: defense products
7.4.3. Santa Barbara Sistemas: recent announcements and strategic initiatives

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7.4.4. Santa Barbara Sistemas: alliances
7.4.5. Santa Barbara Sistemas: recent contract wins
7.4.6. Aernnova Aerospace S.A.: overview
7.4.7. Aernnova Aerospace S.A.: defense products
7.4.8. Aernnova Aerospace S.A.: recent announcements and strategic initiatives
7.4.9. Aernnova Aerospace S.A.: recent contract wins
7.4.10. Aernnova Aerospace S.A.: financial analysis
7.4.11. Aries Ingenieria Y Sistemas, S.A.: overview
7.4.12. Aries Ingenieria Y Sistemas, S.A.: defense products
7.4.13. Aries Ingenieria Y Sistemas, S.A.: recent announcements and strategic initiatives
7.4.14. Indra Sistemas S.A.: overview
7.4.15. Indra Sistemas SA: defense products
7.4.16. Indra Sistemas S.A.: recent announcements and strategic initiatives
7.4.17. Indra Sistemas S.A.: alliances
7.4.18. Indra Sistemas S.A.: recent contract wins

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7.4.19. Indra Sistemas S.A.: financial analysis
7.4.20. Sociedad Anonima De Electrónica Submarina, S.A.: overview
7.4.21. Sociedad Anonima De Electrónica Submarina, S.A.: defense products
7.4.22. Sociedad Anonima De Electrónica Submarina, S.A.: recent announcements and strategic initiatives
7.4.23. Sociedad Anonima De Electrónica Submarina, S.A.: alliances
7.4.24. Sociedad Anonima De Electrónica Submarina, S.A.: recent contract wins
7.4.25. Parafly, S.A.: overview
7.4.26. Parafly, S.A.: defense products
7.4.27. Tecnobit: overview
7.4.28. Tecnobit: defense products
7.4.29. Tecnobit: recent announcements and strategic initiatives
7.4.30. Tecnobit: alliances
7.4.31. Tecnobit: recent contract wins
7.4.32. Tecnobit: financial analysis
7.4.33. Uro Vehiculos Especiales S.A.: overview

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7.4.34. Uro Vehiculos Especiales S.A.: defense products
7.4.35. Uro Vehiculos Especiales S.A.: recent announcements and strategic initiatives
7.4.36. Uro Vehiculos Especiales S.A.: recent contract wins
7.4.37. Amper: overview
7.4.38. Amper: defense products
7.4.39. Amper: recent announcements and strategic initiatives
7.4.40. Amper: alliances
7.4.41. Amper: recent contract wins
7.4.42. Amper: financial analysis
8 Business Environment and Country Risk
8.1. Demographics
8.1.1. Total Rural population
8.1.2. Total urban population
8.1.3. Number of households
8.2. Economic Performance

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8.2.1. GDP per capita at constant prices
8.2.2. GDP at current prices (US$)
8.2.3. Exports of goods and services (current US$ bn)
8.2.4. Imports of goods and services (current US$ bn)
8.2.5. Gross national disposable income (US$ billion)
8.2.6. Manufacturing output (US$ bn)
8.2.7. Consumer price index
8.2.8. Wholesale price index
8.2.9. LCU per US$ (period average)
8.2.10. Market capitalization of listed companies (US$ bn)
8.2.11. Market capitalization of listed companies (% of GDP)
8.2.12. Total Government cash surplus/deficit (LCU billion)
8.2.13. Government cash surplus/deficit as a percentage of GDP (LCU)
8.2.14. Central government debt (LCU billion)
8.2.15. Central government debt as a percentage of GDP (LCU)

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8.2.16. Goods exports as a percentage of GDP
8.2.17. Goods imports as a percentage of GDP
8.2.18. Services imports as a percentage of GDP
8.2.19. Service exports as a percentage of GDP
8.2.20. Services balance as a percentage of GDP
8.2.21. Foreign direct investment, net (BoP, current US$ billions)
8.2.22. International reserves, including gold (US$ billion)
8.3. Energy and utilities
8.3.1. Total Conventional Thermal Electricity Net Generation (Billion Kilowatt hours)
8.3.2. Hydroelectricity Net Generation (Billion Kilowatt hours)
8.3.3. Nuclear Electricity Net Generation (Billion Kilowatt hours)
8.3.4. Total Conventional Thermal Electricity Installed Capacity (Million Kilowatts)
8.3.5. Proved Reserves of Natural Gas (Trillion Cubic Feet)
8.3.6. Total Petroleum Consumption (Thousand Barrels Per Day)
8.3.7. Total Non-Hydro Renewable Electricity Net Generation (Billion kW)

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8.4. Infrastructure Quality and Availability
8.4.1. Air transport, freight (million ton-km)
8.5. Mineral
8.5.1. Mining, Manufacturing, Utilities Output (US$ billion)
8.6. Technology
8.6.1. Research and Development expenditure (LCU Thousands)
8.6.2. Patents Granted
8.7. Telecommunication
8.7.1. Telephone lines (in mn)
8.7.2. Telephone lines Penetration Rate (per 100 people)
9 Appendix
9.1. About SDI
9.2. Disclaimer

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