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Future of the Belgian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018

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Description
"This report is the result of SDIs extensive market and company research covering the Belgian 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 LandscapeWhy was the report written?Future of the Belgian 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 market share in the Belgian defense industry."

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Brief Summary
Product Synopsis This report is the result of SDIs extensive market and company research covering the Belgian 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? Future of the Belgian 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 market share in the Belgian defense industry. What is the current market landscape and what is changing?
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The Belgian defense budget, valued at US$3.6 billion in 2013, is estimated to register a CAGR of -2.82% to reach US$3.1 billion by 2018. This decrease in spending is expected to be primarily due to the countrys public debt, which will force Belgium to cut its defense budget over the forecast period. Primarily driven by military modernization programs and joint operations, the countrys defense expenditure is expected to focus more on the procurement of equipment for its maritime security, counter terrorism capabilities, and cyber security over the period 2014-18. The countrys defense imports and exports are expected recover from the slump experienced from 2010 due to the global economic slowdown.

What are the key drivers behind recent market changes?

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Belgiums defense expenditure over the forecast period is expected to be driven by the need to modernize its armed forces and participation in joint operations with its NATO allies. Belgiums defense budget cuts have affected its defense equipment procurement during the review period, along with a 50% reduction in the size of its armed forces over the past decade. In its long-term strategic modernization plan , the country outlined its efforts to realign its military to be prepared for changing geostrategic environment. Belgium stated increasing equipment expenditure per soldier as one of its goals in the Defence and Security Investment Plan. What makes this report unique and essential to read? The Future of the Belgian 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. Reports Corner www.reportscorner.com

Brief Summary
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. The report includes trend analysis of imports and exports, together with their implications and impact on the Belgian defense industry.

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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 Belgium. 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
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In 2010, the government announced defense budget cuts in order to control the countrys increasing fiscal deficit. In order to make the budget reductions, the government decided to reduce the size of its military, as the country deploys its troops for peacekeeping rather than defense purposes. In addition to this, Belgium plans to modernize its military workforce and equipment, and the money released through troop reductions is expected to offset the required modernization expenditure on equipment. Since there are no significant terrorist threats to Belgium and it is surrounded by European countries, its defense budget is likely to remain low in the forecast period, and this will pose a challenge for both established defense companies and those wishing to enter the market. As Belgium is a member of the European Defense Agency (EDA), which was formed to improve European defense capabilities and to create a single defense equipment market,
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Brief Summary
it gives preference to European nations in its defense contracts. As a result, Belgium takes part in several European defense programs, such as the Airbus A400M and the European Air Transport Fleet program. The EDA has simplified the defense trade within Europe through measures such as its electronic bulletin board (EBB), which requires all member countries to post defense contract opportunities, so that all opportunities are available for all member countries to easily access in one place. In addition to this, in 2009 the EU issued a directive which simplified the terms and conditions of the transfer of defense products within the EU, and the coordination procedures for the award of certain contracts related to defense. As the defense trade has been simplified within the EU and Belgium is a member of the EDA, the government gives preference to European companies for imports and contracts, and this acts as a barrier to entry for nonEuropean countries in the defense industry.
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Key Highlights Belgiums defense budget cuts have affected its defense equipment procurement during the review period, along with a 50% reduction in the size of its armed forces over the past decade. In its long-term strategic modernization plan, the country outlined its efforts to realign its military to be prepared for changing geostrategic environment. Belgium stated increasing equipment expenditure per soldier as one of its goals in the Defence and Security Investment Plan. It also plans to increase the procurement of defense equipment and related infrastructure out of total defense budget over the forecast period. In addition, the need to replace or upgrade existing equipment has been accentuated by the countrys participation in joint operations with NATO. As such, Belgium is expected to gradually increase its defense procurement which will present ample opportunities for its domestic industry as well as foreign companies.
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Belgiums population constitutes two major linguistic groups; Dutch (Flanders) and French (Flemish). As Belgium has been officially divided into separate regions based on language since 1970, this has worked to both alleviate tensions and increase the risk of permanently splitting the country with linguistic conflict. Increasing tensions between these two groups, with the potential to influence the countrys political stability, has been a concern for the government. Over the last two years these conflicts have even created problems in the countrys armed forces, which has forced the government to focus on resolving these issues. Although linguistic conflicts did not result in violent confrontations in the past, the same cannot be guaranteed in the future. In the forecast period, these conflicts are expected to continue and a proportion of homeland security expenditure will be allocated to tackle them.

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Arms imports in Belgium declined sharply in 2009 and 2010 due to the countrys budget cuts, which remained at the same level in 2011 and 2012. The countrys defense imports are expected to recover gradually over the forecast period, as the country plans to modernize its military and replace or upgrade existing defense equipment. Belgium sourced 38.7% of its defense import requirements from the Netherlands during 2008-2012, followed by Portugal, Switzerland, and Italy, accounting for 12.2%, 10.9%, and 10.1% of defense imports respectively. Germany and France were other major arms suppliers for the country. Over the period 20132017, the country is expected to increase its defense imports, especially from its European neighbors.

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Table of Contents
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 2 Executive Summary 3 Market Attractiveness and Emerging Opportunities 3.1. Defense Market Size Historical and Forecast 3.1.1. Belgian defense expenditure expected to decline to US$3 billion by 2018 3.1.2. Military modernization, and Joint operations expected to drive defense spending over the forecast period 3.1.3. Belgium's defense expenditure as a percentage of GDP expected to decrease 3.2. Analysis of Defense Budget Allocation 3.2.1. Share of Capital Expenditure expected to increase over forecast period 3.2.2. Budget Cuts expected to affect Defense Capital Expenditure www.reportscorner.com

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3.2.3. Share of Equipment Expenditure expected to increase over forecast period 3.2.4. Replacement of outdated equipment to drive Belgium's Equipment Expenditure 3.2.5. Budget allocation for other capital expenditure to register a CAGR of -0.91% during the forecast period 3.2.7. Share of Personnel Expenditure expected to decrease over forecast period 3.2.8. Pruning of armed forces expected to reduce Personnel Expenditure over forecast period 3.2.9. Budget affect Operations and other Expenditure 3.2.10. Per capita defense expenditure set to decrease over the forecast period 3.3. Homeland Security Market Size and Forecast

3.3.1. Belgium homeland security expected to grow at a steady pace

3.3.2. Linguistic conflicts, drug trafficking and cyber security are main homeland security concerns 3.3.3. Belgium falls under low risk of terrorism category 3.4. Benchmarking with Key Global Markets 3.4.1. Belgium defense budget expected to be marginally decline over the forecast period 3.4.2. Belgium to move out of the Top 25 defense spenders in the world list 3.4.3. The Belgium allocates lower share of GDP for defense compared to its European neighbours www.reportscorner.com

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3.4.4. Belgium faces low threat from foreign terrorist organizations 3.5. Market Opportunities: Key Trends and Growth Stimulators 3.5.1. Maritime Security 3.5.2. Transport and Utility Aircraft 3.5.3. Frigates MRO 3.5.4. Counter Terrorism 3.5.5. Transport Helicopters 3.5.6. Anti-Tank Missiles 3.5.7. Cyber Security 4 Defense Procurement Market Dynamics 4.1. Import Market Dynamics 4.1.1. Defense imports are expected to recover over the forecast period 4.1.2. Belgium sourced majority of its arms imports from Neighbors 4.1.3. Ships and Armored vehicles dominate military hardware imports 4.2. Export Market Dynamics www.reportscorner.com
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4.2.1. Arms exports to recover during the forecast period 4.2.2. Belgium arms exports expected to increase 4.2.3. Aircraft and Ships are the main exported defense products 5 Industry Dynamics 5.1. Five Forces Analysis 5.1.1. Bargaining power of supplier: low to medium 5.1.2. Bargaining power of buyer: high 5.1.3. Barrier to entry: medium 5.1.4. Intensity of rivalry: low to high 5.1.5. Threat of substitution: low to medium 6 Market Entry Strategy 6.1. Market Regulation 6.1.1. Offset policy aids development of domestic defense industry 6.1.2. Belgium permits 100% FDI in defense industry 6.2. Market Entry Route www.reportscorner.com
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6.2.1. Joint weapons development program, a viable market entry route 6.2.2. Subsidiaries provide market entry opportunities 6.2.3. Acquisition of domestic companies enables entrance to market 6.3. Key Challenges 6.3.1. Defense budget cuts will impact negatively on defense companies 6.3.2. Preference to EU companies poses a challenge for non-European companies 7 Competitive Landscape and Strategic Insights 7.1. Competitive Landscape Overview 7.2. Key Domestic Companies 7.2.1. FN Herstal: overview 7.2.2. FN Herstal: products and services 7.2.3. FN Herstal: recent announcements and strategic initiatives 7.2.4. FN Herstal: alliances 7.2.5. FN Herstal: recent contract wins 7.2.6. Sonaca SA: overview www.reportscorner.com
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7.2.7. Sonaca SA: products and services 7.2.8. Sonaca SA: recent announcements and strategic initiatives 7.2.9. Sonaca SA: alliances 7.2.10. Sonaca SA: recent contract wins 7.2.11. Cockerill Maintenance and Ingnierie SA: overview 7.2.12. Cockerill Maintenance and Ingnierie SA: products and services 7.2.13. Cockerill Maintenance and Ingnierie SA: recent announcements and strategic initiatives 7.2.14. Cockerill Maintenance and Ingnierie SA: alliances 7.2.15. Cockerill Maintenance and Ingnierie SA: recent contract wins 7.2.16. SABCA Group: overview 7.2.17. SABCA Group: products and services 7.2.18. SABCA Group: recent announcements and strategic initiatives 7.2.19. SABCA Group: alliances 7.2.20. SABCA Group: recent contract wins 7.2.21. Barco: overview www.reportscorner.com
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7.2.22. Barco: products and services 7.2.23. Barco: recent announcements and strategic initiatives 7.2.24. Barco: alliances 7.2.25. Barco: recent contract wins 7.2.26. Asco Industries: overview 7.2.27. Asco Industries: products and services 7.2.28. Asco Industries: recent announcements and strategic initiatives 7.2.29. Asco Industries: alliances 7.2.30. Asco Industries: recent contract wins 7.3. Key Foreign Companies 7.3.1. Mecar SA: overview 7.3.2. Mecar SA: products and services 7.3.3. Mecar SA: recent announcements and strategic initiatives 7.3.4. Mecar SA: alliances 7.3.5. Mecar SA: recent contract wins www.reportscorner.com
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7.3.6. Thales Belgium: overview 7.3.7. Thales Belgium: products and services 7.3.8. Thales Belgium: recent announcements and strategic initiatives 7.3.9. Thales Belgium: alliances 7.3.10. Thales Belgium: recent contract wins 7.3.11. Northrop Grumman Belgium: overview 7.3.12. Thales Belgium: products and services 7.3.13. Northrop Grumman Belgium: recent announcements and strategic initiatives 7.3.14. Northrop Grumman Belgium: recent contract wins 8 Business Environment and Country Risk 8.1. Demographics and Social Statistics 8.1.1. Population - Rural 8.1.2. Population - Urban 8.1.3. Population - Number of Households 8.2. Economic Performance www.reportscorner.com
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8.2.1. Gross Domestic per Capita 8.2.2. Gross Domestic Product, current US$ 8.2.3. Exports of Goods and Services 8.2.4. Imports of Goods and Services 8.2.5. Gross National Disposable Income 8.2.6. Manufacturing Output 8.2.7. Consumer Price Index 8.2.8. Wholesale Price Index 8.2.9. Local Currency Unit per US$ 8.2.10. Market Capitalization of Listed Companies 8.2.11. Market Capitalization of Listed Companies as a % of GDP 8.2.12. Total Government Cash Surplus/Deficit 8.2.13. Government Cash Surplus/Deficit 8.2.14. Central Government Debt 8.2.15. Central Government Debt as a % of GDP www.reportscorner.com
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8.2.16. Goods Exports as a % of GDP 8.2.17. Goods Imports as a % of GDP 8.2.18. Goods Trade Surplus/Deficit as a % of GDP 8.2.19. Services Imports as a % of GDP 8.2.20. Services Exports as a % of GDP 8.2.21. Services trade surplus/deficit as a % of GDP 8.2.22. Net Foreign Direct Investment 8.2.23. Net FDI as a % of GDP 8.2.24. International reserves, including Gold 8.3. Energy and Utilities 8.3.1. Total Conventional Thermal Electricity Net Generation 8.3.2. Hydroelectricity Net Generation 8.3.3. Nuclear Electricity Net Generation 8.3.4. Total Conventional Thermal Electricity Installed Capacity 8.3.5. Total Electricity Exports www.reportscorner.com
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8.3.6. Total Electricity Imports 8.3.7. Total Petroleum Consumption 8.3.8. Total Non-Hydro Renewable Electricity Net Generation 8.4. Infrastructure Quality and Availability 8.4.1. Rail lines, total network 8.4.2. Air transport, freight 8.4.3. Overall Construction 8.5. Minerals 8.5.1. Mining, Manufacturing, Utilities Output 8.6. Technology 8.6.1. Research and development expenditure 8.6.2. Patents Granted 8.7. Telecommunication 8.7.1. Telephone lines 8.7.2. Telephone lines Penetration Rate www.reportscorner.com
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9 Appendix 9.1. About SDI 9.2. Disclaimer

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