(EMAILWIRE.COM, March 20, 2019 ) “Future of the Belgian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2024”, published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news.

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In particular, it provides an in-depth analysis of the following –
– The Belgium defense industry market size and drivers: detailed analysis of the Belgian defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns.
– Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.
– Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years.
– Market opportunities:list of the top ten defense investment opportunities over the next 5 years.
– Competitive landscape and strategic insights: analysis of the competitive landscape of the Belgian defense industry.


– Belgium’s military expenditure, which stands at US$3.1 billion in 2019, is anticipated to grow from US$3.1 billion in 2020 to value US$3.4 billion in 2024, registering a CAGR of 1.99% over the forecast period, primarily fueled by the ongoing military hardware procurement.
– Military expenditure, on a cumulative basis, is anticipated to be US$16.3 billion, which is higher than the US$14.4 billion spent during the historic period.
– Belgium is an active participant in joint operations with the European Union (EU) and peacekeeping operations with NATO and the United Nations (UN), and as such, seeks higher spending in terms of its defense sector.
– The defense budget as a percentage of GDP is expected to decrease marginally from an average of 0.56% during 2015-2019 to 0.49% over 2020-2024.
– The countrys per capita defense expenditure is expected to increase from US$268.3 in 2019 to US$288.9 in 2024.

Reasons to buy

– This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Belgian defense industry market trends for the coming five years.
– The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period.
– Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector.
– A deep qualitative analysis of the Belgian defense industry covering sections including demand drivers, key trends and latest industry contracts.

Companies Mentioned:
Israel Aerospace Industries (IAI)
Lockheed Martin
NH Industries
Leonardo (SIAI Marchetti)
MOWAG/ General Dynamics European Land Systems
Spezialfahrzeuge (SSF)/ General Dynamics
Damen Schelde Naval Shipbuilding (DSNS)
Mecar SA.
Thales Belgium
Northrop Grumman Corp
Airbus Helicopters

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