The Austrian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025

Table of Contents

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. Procurement Programs
  • 3.1.2. Key Drivers and Challenges
• 3.2. Defense Market Size Historical and Forecast
  • 3.2.1. Austrian defense budget to record a CAGR of 5.74% over the forecast period
  • 3.2.2. Defense expenditure of the country expected to be driven by modernization efforts of armed forces coupled with active participation in peacekeeping missions
  • 3.2.3. The defense budget as a percentage of GDP is expected to increase during the forecast period
• 3.3. Analysis of Defense Budget Allocation
  • 3.3.1. Procurement of advanced equipment to drive capital expenditure allocation during the forecast period
  • 3.3.2. Capital expenditure is expected to grow at a CAGR of 7.18% over the forecast period
  • 3.3.3. Per capita defense expenditure expected to increase during the forecast period
• 3.4. Homeland Security Market Size and Forecast
  • 3.4.1. Austria homeland security is expected to increase at a CAGR of 0.36% over the forecast period
  • 3.4.2. Protection of energy infrastructure and combating drug trafficking will be the key factors driving homeland security
• 3.5. Benchmarking with Key Global Markets
  • 3.5.1. Austrian defense expenditure is expected to remain modest during the forecast period
  • 3.5.2. Austrian defense expenditure is relatively small when compared to the leading defense spenders
  • 3.5.3. Austria spent over 0.7% of its GDP on defense in 2020
• 3.6. Market Opportunities: Key Trends and Drivers
  • 3.6.1. Top Defense Sectors by Value (US$ Million) - Projections over 2020-2025

4. Defense Procurement Market Dynamics

• 4.1. Import Market Dynamics
  • 4.1.1. Defense imports expected to increase rapidly during the forecast period
  • 4.1.2. Austria imports the majority of its arms from Italy
  • 4.1.3. Armored vehicles dominate Austrian defense imports
• 4.2. Export Market Dynamics
  • 4.2.1. Austrian defense exports highest in 2017
  • 4.2.2. Austria supplies defense equipment to a diverse consumer base
  • 4.2.3. Armored vehicles accounted for the majority of the country’s defense exports during 2014-2018

5. Industry Dynamics

• 5.1. Market Regulation
  • 5.1.1. Offset policy requires suppliers to invest 100% of the contract value into the Austrian economy
  • 5.1.2. Austrian defense industry open to foreign direct investment
• 5.2. Market Entry Route
  • 5.2.1. Budgeting Process
  • 5.2.2. Foreign defense OEMs enter the market through acquisitions or alliances
  • 5.2.3. Europe Defense Agency (EDA) promotes defense procurements within EU
  • 5.2.4. Single distributor system advisable in Austria
  • 5.2.5. Joint projects and sharing of technology

6. Competitive Landscape and Strategic Insights

• 6.1. Competitive Landscape Overview
  • 6.1.1. The majority of modern defense equipment in Austria is supplied by foreign manufacturers

7. Business Environment and Country Risk

• 7.1. Economic Performance
  • 7.1.1. GDP per Capita
  • 7.1.2. Gross Domestic Product
  • 7.1.3. Exports of Goods and Services (LCU Billion)
  • 7.1.4. Imports of Goods and Services (LCU Billion)
  • 7.1.5. Gross National Disposable Income
  • 7.1.6. LCU per USD (period average)
  • 7.1.7. Market Capitalization of Listed Companies
  • 7.1.8. Market Capitalization of Listed Companies (% of GDP)
  • 7.1.9. Goods Exports as a % of GDP
  • 7.1.10. Government Cash Surplus/Deficit as % of GDP
  • 7.1.11. Goods Imports as a % of GDP
  • 7.1.12. Services Imports as a % of GDP
  • 7.1.13. Services Exports as a % of GDP
  • 7.1.14. Foreign Direct Investment, Net (BoP, Current US$ Billion)
  • 7.1.15. Net Foreign Direct Investment as % of GDP
  • 7.1.16. Mining, Manufacturing, Utilities Output (LCU Billion)

8. Appendix

• 8.1. About GlobalData