Today: February 6, 2016, 7:47 pm

Spain defence market: Expenditure witnesses -10% CAGR decline between 2008-2012
Future of the Spanish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - a new market research report on 2014-04-24 20:19:01
Expenditure in the Spain defence market 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. Territorial dispute with Morocco and security threats pose by terrorist organizations are the major drivers of the Spanish defence industry.

In 2013, the Spanish defence budget decreased by 6.7% from that of 2011 to US$7.58 billion. While Spanish defence 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 defence 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 defence industry.

The growth of the Spanish defence 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 defence industry has caused several project delays, as often member countries are unable to agree unanimously over issues such as specifications.

The Spanish government encourages its domestic defence industry to collaborate with foreign defence 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. 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 defence systems during the forecast period.

Click for report details: ..

Browse all Defence Market Research Reports ..

Browse all Defence Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 563 Words
Related Articles
More From Finance Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source has announced that it will now be offering the [..] Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]
The Experts at Explain How to [..]
Foreclosures have gone through a decrease over the past decade, but that doesn’t mean they don’t still happen. People who [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.