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Market Research Report

Greek Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

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Greek Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024
Published: October 16, 2019 Content info: 114 Pages
Description

Greek Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2023, published by Strategic Defence Intelligence, 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.

This report offers detailed analysis of the Greek defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following -

  • The Greek defense industry market size and drivers: detailed analysis of the Greek defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country's 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 country's 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 Greek defense industry.

Scope:

  • Greek military expenditure, values US$4.3 billion in 2019, and registered a CAGR of 4.18% during the historic period. However, over the forecast period, the Greek defense expenditure is projected to increase at a CAGR of 5.83% to value US$6 billion in 2024.
  • The country's strained relationship with Turkey over the long standing territorial dispute in Cyprus, along with sovereignty rights issue in the Gulf of Aegean and military modernization initiatives is expected to drive the Greek defense expenditure over the forecast period. As a percentage of GDP, the country's defense budget is expected to average 2.4% over the forecast period, compared to an average of 2% recorded during 2015-2019.

Reasons to buy:

  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Greek 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
  • Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of the Greek defense industry covering sections including demand drivers, Key Trends , and latest industry contracts
Table of Contents
Product Code: GDDF0595MR

Table of Contents

  • LIST OF FIGURES
  • LIST OF TABLES

1. Introduction

  • 1.1. What is this Report About?
  • 1.2. Definitions
  • 1.3. Summary Methodology
  • 1.4. About GlobalData

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

  • 3.1. Current Market Scenario
    • 3.1.1. Primary Threat Perception
    • 3.1.2. Military Doctrine & Strategy
    • 3.1.3. Procurement Programs
    • 3.1.4. Top Procurement Programs by Value (US$ Million) 2019-2024
    • 3.1.5. Geopolitical, Social and Economic Scenario
    • 3.1.6. Political and Strategic Alliances
  • 3.2. Defense Market Size Historical and Forecast
    • 3.2.1. Greek total defense expenditure including pension is anticipated to grow at a CAGR of 3.18% over the forecast period
    • 3.2.2. Greek base defense budget, excluding pensions is anticipated to grow at a CAGR of 1.96% over the forecast period
    • 3.2.3. Conflict with Turkey and military modernization will drive Greek defense expenditure over the forecast period
    • 3.2.4. Defense expenditure as a percentage of GDP is anticipated to decline over the forecast period
  • 3.3. Analysis of Defense Budget Allocations
    • 3.3.1. Capital expenditure allocation expected to increase over the forecast period
    • 3.3.2. Capital expenditure expected to increase over the forecast period
    • 3.3.3. The Army accounted for the largest share of the overall defense budget during the historic period
    • 3.3.4. Other segment to account for the highest share of Greece's defense budget
    • 3.3.5. Per-capita defense expenditure expected to increase over the forecast period
  • 3.4. Homeland Security Market Size and Forecast
    • 3.4.1. Homeland security market expected to grow at a CAGR of 6.14% over the forecast period
    • 3.4.2. Illegal migration predicted to drive homeland security procurement
  • 3.5. Benchmarking with Key Global Markets
    • 3.5.1. Greek defense budget expected to register consistent growth over the forecast period
    • 3.5.2. Greek military expenditure is expected to remain low compared to other leading spenders
    • 3.5.3. Defense budget as a percentage of GDP expected to remain moderate on a global scale
  • 3.6. Market Opportunities: Key Trends and Growth Stimulators
    • 3.6.1. Top 10 Defense Market Categories by Value (US$ million) - Forecast-Period Projections
    • 3.6.2. Physical Security
    • 3.6.3. Naval Vessels and MRO - Frigates MRO
    • 3.6.4. C4ISR - Land-based

4. Defense Procurement Market Dynamics

  • 4.1. Import Market Dynamics
    • 4.1.1. Defense imports maintained high volumes during the historic period
    • 4.1.2. Germany accounts for most of Greece's defense imports
    • 4.1.3. Naval vessels, aircraft, and missiles are the main categories of imported military hardware
  • 4.2. Export Market Dynamics
    • 4.2.1. Naval vessels 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: Medium to High
    • 5.1.3. Barrier to Entry: Low
    • 5.1.4. Intensity of Rivalry: Low to Medium
    • 5.1.5. Threat of Substitution: Medium

6. Market Entry Strategy

  • 6.1. Market Regulation
    • 6.1.1. Offset obligations are attached to all defense deals
    • 6.1.2. European Defense Agency promotes defense procurements within the EU
  • 6.2. Market Entry Route
    • 6.2.1. Budgeting process
    • 6.2.2. Procurement policy and process
  • 6.3. Key Challenges
    • 6.3.1. Economic crisis will affect current and future procurements
    • 6.3.2. IMF and EU regulations on Greek defense expenditure will limit Greece's flexibility in military maintenance

7. Competitive Landscape and Strategic Insights

  • 7.1. Competitive Landscape Overview
    • 7.1.1. Greece Market Share Analysis, 2014-2024
  • 7.2. Key Domestic Companies
    • 7.2.1. Hellenic Aerospace Industry: overview
    • 7.2.2. Hellenic Aerospace Industry: product focus
    • 7.2.3. Hellenic Aerospace Industry: recent announcements and strategic initiatives
    • 7.2.4. Hellenic Aerospace Industry: alliances
    • 7.2.5. Hellenic Aerospace Industry: recent contract wins
    • 7.2.6. Hellenic Defence Systems S.A: overview
    • 7.2.7. Hellenic Defence Systems S.A: product focus
    • 7.2.8. Hellenic Defence Systems S.A: recent announcements and strategic initiatives
    • 7.2.9. Hellenic Defence Systems S.A.: alliances
    • 7.2.10. Hellenic Defence Systems S.A: recent contract wins
  • 7.3. Key Private Sector Companies
    • 7.3.1. ISI Hellas: overview
    • 7.3.2. ISI Hellas: product focus
    • 7.3.3. ISI Hellas: recent announcements and strategic initiatives
    • 7.3.4. ISI Hellas: Alliances
    • 7.3.5. ISI Hellas: recent contract wins
    • 7.3.6. Hellenic Shipyards S.A: overview
    • 7.3.7. Hellenic Shipyards S.A: product focus
    • 7.3.8. Hellenic Shipyards S.A: recent announcements and strategic initiatives
    • 7.3.9. Hellenic Shipyards S.A: recent contract wins
    • 7.3.10. SSMART S.A: overview
    • 7.3.11. SSMART S.A: product focus
    • 7.3.12. SSMART S.A: alliances
    • 7.3.13. Signaal Hellas: overview
    • 7.3.14. Signaal Hellas: product focus
    • 7.3.15. Signaal Hellas: alliances
    • 7.3.16. Theon Sensors: overview
    • 7.3.17. Theon Sensors: product focus
    • 7.3.18. Theon Sensors: recent announcements and strategic initiatives
    • 7.3.19. Theon Sensors: recent contract wins
    • 7.3.20. Ordtech Military Industries: overview
    • 7.3.21. Ordtech Military Industries: product focus
    • 7.3.22. Intracom Defense Electronics: overview
    • 7.3.23. Intracom Defense Electronics: product focus
    • 7.3.24. Intracom Defense Electronics: recent announcements and strategic initiatives
    • 7.3.25. Intracom Defense Electronics: recent announcements and strategic initiatives
    • 7.3.26. Intracom Defense Electronics: recent contract wins
    • 7.3.27. Hellenic Vehicle Industry S.A.: overview
    • 7.3.28. Hellenic Vehicle Industry S.A: product focus
    • 7.3.29. Hellenic Vehicle Industry S.A: recent announcements and strategic initiatives
    • 7.3.30. Hellenic Vehicle Industry S.A: recent contract wins
    • 7.3.31. IDE (INTRACOM Defense Electronics): overview
    • 7.3.32. IDE (INTRACOM Defense Electronics): product focus
    • 7.3.33. IDE (INTRACOM Defense Electronics): recent announcements and strategic initiatives
    • 7.3.34. IDE (INTRACOM Defense Electronics): recent contract wins

8. Business Environment and Country Risk

  • 8.1. Economic Performance
    • 8.1.1. GDP Per Capita
    • 8.1.2. GDP, Current Prices, US$ Billion
    • 8.1.3. Local Currency Unit per US$
    • 8.1.4. Market Capitalization of Listed Companies
    • 8.1.5. Market Capitalization of Listed Companies (% of GDP)
    • 8.1.6. Exports of Goods and Services (LCU Billion)
    • 8.1.7. Imports of Goods and Services (LCU Billion)
    • 8.1.8. Goods Exports as percentage of GDP
    • 8.1.9. Goods Imports as a Percentage of GDP
    • 8.1.10. Gross National Disposable Income (US$ Billion)
    • 8.1.11. Service Imports as a Percentage of GDP
    • 8.1.12. Service Exports as a Percentage of GDP
    • 8.1.13. Foreign Direct Investment
    • 8.1.14. Net Foreign Direct Investment as a Percentage of GDP
    • 8.1.15. Government Cash Surplus/Deficit as a Percentage of GDP (LCU)
    • 8.1.16. Mining, Manufacturing, Utilities Output

9. Appendix

  • 9.1. About GlobalData
  • 9.2. Disclaimer

List of Tables

  • Table 1: Greek - Defense Procurement Programs by Value (US$ Million), 2019-2024
  • Table 2: Greece Defense Cooperation
  • Table 3: Greece Military Training Exercises
  • Table 4: Greek Defense Expenditure Including Pension (EUR Billion & US$ Billion), 2015-2024
  • Table 5: Greek Base Defense Budget (EUR Billion & US$ Billion), 2015-2024
  • Table 6: Greek GDP Growth and Defense Expenditure as a Percentage of GDP, 2015-2024
  • Table 7: Greek Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
  • Table 8: Greek Defense Capital Expenditure (EUR Million and US$ Million), 2015-2024
  • Table 9: Greek Defense Budget Split Between Military Services (Army, Air Force, Navy and Others) (%), 2015-2024
  • Table 10: Greek - Defense Budget Breakdown by Service (EUR Million), 2014-2023
  • Table 11: Greek - Defense Budget Breakdown by Service (US$ Million), 2015-2024
  • Table 12:Greek Per-Capita Defense Expenditure (US$), 2015-2024
  • Table 13: Greek Homeland Security Expenditure (EUR Billion and US$ Billion), 2015-2024
  • Table 14: Benchmarking with Key Markets - 2015-2019 vs. 2020-2024
  • Table 15: Greek - Top 10 Leading Defense Market Categories by Value (US$ Million), 2019-2024
  • Table 16: Greece - Offset Guidelines and Agreements
  • Table 17: Greece - Ongoing Foreign Military Sales Deals
  • Table 18: Greek - Top Defense Suppliers by Value (US$ Million),2019-2024
  • Table 19: Greek - Competitive Landscape, 2018
  • Table 20: Hellenic Aerospace Industry - Product Focus
  • Table 21: Hellenic Aerospace Industry - Alliances
  • Table 22: Hellenic Aerospace Industry - Recent Contract Wins
  • Table 23: Hellenic Defence Systems S.A - Product Focus
  • Table 24: Hellenic Aerospace Industry - Alliances
  • Table 25: Hellenic Defence Systems S.A - Recent Contract Wins
  • Table 26: ISI Hellas - product focus
  • Table 27: Hellenic Aerospace Industry - Alliances
  • Table 28: ISI Hellas - Recent Contract Wins
  • Table 29: Hellenic Shipyards S.A - Product Focus
  • Table 30: Hellenic Defence Systems S.A - Recent Contract Wins
  • Table 31: SSMART S.A - Product Focus
  • Table 32: SSMART S.A - Alliances
  • Table 33: Signaal Hellas - product focus
  • Table 34: Signaal Hellas - Alliances
  • Table 35: Theon Sensors - product focus
  • Table 36: Theon Sensors - Recent Contract Wins
  • Table 37: Ordtech Military Industries- Product Focus
  • Table 38: Intracom Defense Electronics - Product Focus
  • Table 39: Intracom Defense Electronics - Alliances
  • Table 40: Intracom Defense Electronics - Recent Contract Wins
  • Table 41: Hellenic Vehicle Industry S.A - Product Focus
  • Table 42: Hellenic Vehicle Industry S.A - Recent Contract Wins
  • Table 43: IDE (INTRACOM Defense Electronics): - Product Focus
  • Table 44: Hellenic Vehicle Industry S.A - Recent Contract Wins

List of Figures

  • Figure 1 : Greece Defense Budget: 2020 and 2024
  • Figure 2 : Greece Defense Imports: 2014 and 2018
  • Figure 3 : Greece's Top Three Prospective Procurements/Developments
  • Figure 4: Greece National Security Threats
  • Figure 5: Greece's Partnering Countries for Defense Cooperation and Military Training
  • Figure 6: Greece Defense Expenditure Including Pension (EUR Billion), 2015-2024
  • Figure 7: Greece Defense Expenditure Including Pension (US$ Billion), 2015-2024
  • Figure 8: Greece Defense Expenditure (EUR Billion), 2015-2024
  • Figure 9: Greece Defense Expenditure (US$ Billion), 2015-2024
  • Figure 10: Greek GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2015-2024
  • Figure 11: Greek Defense Expenditure Allocation for Capital and Revenue Expenditure (%), 2015-2024
  • Figure 12: Greek Defense Capital Expenditure (EUR Million), 2015-2024
  • Figure 13: Greek Defense Capital Expenditure (US$ Million), 2015-2024
  • Figure 14: Greek Defense Budget Split Between Army, Air Force, Navy and Others, 2015-2024
  • Figure 15: Greek - Defense Budget Breakdown by Service (EUR Million), 2015-2024
  • Figure 16: Greek - Defense Budget Breakdown by Service (US$ Billion), 2015-2024
  • Figure 17: Greek Per-Capita Defense Expenditure (US$), 2015-2024
  • Figure 18: Greek Homeland Security Budget (EUR Billion), 2015-2024
  • Figure 19: Greek Homeland Security Budget (US$ Billion), 2015-2024
  • Figure 20: Benchmarking with Key Global Markets: 2015-2019 vs. 2020-2024
  • Figure 21: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2019 and 2024
  • Figure 22: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
  • Figure 23: Physical Security Market Size (US$ Million), 2019-2024
  • Figure 24: Frigates MRO Market Size (US$ Million), 2019-2024
  • Figure 25: Land based C4ISR Market(US$ Million), 2019-2024
  • Figure 26: Greece - Defense Procurements in Terms of Supplier Relationships, 2018
  • Figure 27: Greek Defense Imports (US$ Million), 2014-2018
  • Figure 28: Greek Defense Imports by Country (%), 2014-2018
  • Figure 29: Greek Defense Imports by Category(%), 2014-2018
  • Figure 30: Industry Dynamics - Porter's Five Forces Analysis
  • Figure 31: Greece Budgeting Process
  • Figure 32: Greece Market Share Analysis, 2019-2024
  • Figure 33: Greek GDP Per Capita, 2015-2025
  • Figure 34: Greek GDP, Current Prices, US$ Billion, 2015-2025
  • Figure 35: Greek LCU per US$, 2015-2024
  • Figure 36: Greek Market Capitalization of Listed Companies (US$ Billion), 2005-2012
  • Figure 37: Greek Market Capitalization of Listed Companies (% of GDP), 2005-2012
  • Figure 38: Greek Exports of Goods and Services (LCU Billion), 2005-2014
  • Figure 39: Greek Imports of Goods and Services (LCU Billion), 2005-2014
  • Figure 40: Greek Goods Exports as a Percentage of GDP, 2005-2014
  • Figure 41: Greek Goods Imports as a Percentage of GDP, 2005-2014
  • Figure 42: Greek Gross National Disposable Income (US$ Billion), 2005-2014
  • Figure 43: Greek Service Imports as a Percentage of GDP, 2005-2014
  • Figure 44: Greek Service Exports as a Percentage of GDP, 2005-2014
  • Figure 45: Greek Foreign Direct Investment (US$ Billion), 2005-2014
  • Figure 46: Greek Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
  • Figure 47: Greek Government Cash Surplus/Deficit as a Percentage of GDP (LCU), 2008-2012
  • Figure 48: Greek Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014
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