The Portuguese defense expenditure is projected to grow at a CAGR of over 1% by 2019, According to the New Study on ASDReports
Report description overview:
The new report, now available on ASDReports, Future of the Portuguese Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2019 analyzes the Portuguese defense industry market size and drivers, including detailed analysis of the Portuguese 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 Portuguese 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:
Portugal has been severely affected by the debt crisis, which mandated the country to adopt harsh austerity measures such as reducing wages and salaries in public sectors and raising tax rates however the country‘s military expenditure is projected to grow at a CAGR of over 1% over the next five years to reach almost US$3 billion.
The country‘s difficult fiscal condition forced its government to cut down the share of budget allocation towards capital expenditure from 20% to 10% in the last four years. Portugal is expected to invest in procuring and modernizing its communication networks, transport aircraft and helicopters.
Foreign defense companies that wish to enter the Portuguese defense industry can do so by making technology transfers to Portuguese defense companies. Foreign defense suppliers can also enter the market by setting up a subsidiary in Portugal and establishing global supply chains. The domestic defense industry is currently facing a challenge as the government is contracting in foreign companies, even when its domestic industry is capable of carrying out work such as maintenance, repair, and overhaul contracts.