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

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

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

Summary

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


  • Introduction
    • What is this Report About?
    • Definitions
    • Summary Methodology
    • About GlobalData
  • Executive Summary
    • Table Figure 1 : Greece Defense Budget: 2020 and 2024
    • Table Figure 2 : Greece Defense Imports: 2014 and 2018
  • Market Attractiveness and Emerging Opportunities
    • Table Figure 3 : Greece's Top Three Prospective Procurements/Developments
    • Current Market Scenario
      • Primary Threat Perception
        • Table Figure 4: Greece National Security Threats
      • Military Doctrine & Strategy
      • Procurement Programs
        • Table Greek - Ongoing Development and Procurement Programs
        • Table Greece - Future Procurement Programs
      • Top Procurement Programs by Value (US$ Million) 2019-2024
        • Table Greek - Defense Procurement Programs by Value (US$ Million), 2019-2024
      • Geopolitical, Social and Economic Scenario
      • Political and Strategic Alliances
        • Table Figure 5: Greece's Partnering Countries for Defense Cooperation and Military Training
        • Table Greece Defense Cooperation
        • Table Greece Military Training Exercises
    • Defense Market Size Historical and Forecast
      • Greek total defense expenditure including pension is anticipated to grow at a CAGR of 3.18% over the forecast period
        • Table Greek Defense Expenditure Including Pension (EUR Billion & US$ Billion), 2015-2024
        • Table Figure 6: Greece Defense Expenditure Including Pension (EUR Billion), 2015-2024
        • Table Figure 7: Greece Defense Expenditure Including Pension (US$ Billion), 2015-2024
      • Greek base defense budget, excluding pensions is anticipated to grow at a CAGR of 1.96% over the forecast period
        • Table Greek Base Defense Budget (EUR Billion & US$ Billion), 2015-2024
        • Table Figure 8: Greece Defense Expenditure (EUR Billion), 2015-2024
        • Table Figure 9: Greece Defense Expenditure (US$ Billion), 2015-2024
      • Conflict with Turkey and military modernization will drive Greek defense expenditure over the forecast period
      • Defense expenditure as a percentage of GDP is anticipated to decline over the forecast period
        • Table Greek GDP Growth and Defense Expenditure as a Percentage of GDP, 2015-2024
        • Table Figure 10: Greek GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2015-2024
    • Analysis of Defense Budget Allocations
      • Capital expenditure allocation expected to increase over the forecast period
        • Table Greek Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
        • Table Figure 11: Greek Defense Expenditure Allocation for Capital and Revenue Expenditure (%), 2015- 2024
      • Capital expenditure expected to increase over the forecast period
        • Table Greek Defense Capital Expenditure (EUR Million and US$ Million), 2015-2024
        • Table Figure 12: Greek Defense Capital Expenditure (EUR Million), 2015-2024
        • Table Figure 13: Greek Defense Capital Expenditure (US$ Million), 2015-2024
      • The Army accounted for the largest share of the overall defense budget during the historic period
        • Table Greek Defense Budget Split Between Military Services (Army, Air Force, Navy and Others) (%), 2015-2024
        • Table Figure 14: Greek Defense Budget Split Between Army, Air Force, Navy and Others, 2015-2024
      • Other segment to account for the highest share of Greece's defense budget
        • Table Greek - Defense Budget Breakdown by Service (EUR Million), 2014-2023
        • Table Figure 15: Greek - Defense Budget Breakdown by Service (EUR Million), 2015-2024
        • Table Greek - Defense Budget Breakdown by Service (US$ Million), 2015-2024
        • Table Figure 16: Greek - Defense Budget Breakdown by Service (US$ Billion), 2015-2024
      • Per-capita defense expenditure expected to increase over the forecast period
        • Table Greek Per-Capita Defense Expenditure (US$), 2015-2024
        • Table Figure 17: Greek Per-Capita Defense Expenditure (US$), 2015-2024
    • Homeland Security Market Size and Forecast
      • Homeland security market expected to grow at a CAGR of 6.14% over the forecast period
        • Table Greek Homeland Security Expenditure (EUR Billion and US$ Billion), 2015-2024
        • Table Figure 18: Greek Homeland Security Budget (EUR Billion), 2015-2024
        • Table Figure 19: Greek Homeland Security Budget (US$ Billion), 2015-2024
      • Illegal migration predicted to drive homeland security procurement
    • Benchmarking with Key Global Markets
      • Greek defense budget expected to register consistent growth over the forecast period
        • Table Benchmarking with Key Markets - 2015-2019 vs. 2020-2024
        • Table Figure 20: Benchmarking with Key Global Markets: 2015-2019 vs. 2020-2024
      • Greek military expenditure is expected to remain low compared to other leading spenders
        • Table Figure 21: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2019 and 2024
      • Defense budget as a percentage of GDP expected to remain moderate on a global scale
        • Table Figure 22: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
    • Market Opportunities: Key Trends and Growth Stimulators
      • Top 10 Defense Market Categories by Value (US$ million) - Forecast-Period Projections
        • Table Greek - Top 10 Leading Defense Market Categories by Value (US$ Million), 2019-2024
      • Physical Security
        • Table Figure 23: Physical Security Market Size (US$ Million), 2019-2024
      • Naval Vessels and MRO - Frigates MRO
        • Table Figure 24: Frigates MRO Market Size (US$ Million), 2019-2024
      • C4ISR - Land-based
        • Table Figure 25: Land based C4ISR Market(US$ Million), 2019-2024
  • Defense Procurement Market Dynamics
    • Table Figure 26: Greece - Defense Procurements in Terms of Supplier Relationships, 2018
    • Import Market Dynamics
      • Defense imports maintained high volumes during the historic period
        • Table Figure 27: Greek Defense Imports (US$ Million), 2014-2018
      • Germany accounts for most of Greece's defense imports
        • Table Figure 28: Greek Defense Imports by Country (%), 2014-2018
      • Naval vessels, aircraft, and missiles are the main categories of imported military hardware
        • Table Figure 29: Greek Defense Imports by Category(%), 2014-2018
    • Export Market Dynamics
      • Naval vessels are the main exported defense products
  • Industry Dynamics
    • Five Forces Analysis
      • Table Figure 30: Industry Dynamics - Porter's Five Forces Analysis
      • Bargaining Power of Supplier: Low to Medium
      • Bargaining Power of Buyer: Medium to High
      • Barrier to Entry: Low
      • Intensity of Rivalry: Low to Medium
      • Threat of Substitution: Medium
  • Market Entry Strategy
    • Market Regulation
      • Offset obligations are attached to all defense deals
        • Table Greece - Offset Guidelines and Agreements
      • European Defense Agency promotes defense procurements within the EU
    • Market Entry Route
      • Budgeting process
        • Table Figure 31: Greece Budgeting Process
      • Procurement policy and process
        • Table Greece - Ongoing Foreign Military Sales Deals
    • Key Challenges
      • Economic crisis will affect current and future procurements
      • IMF and EU regulations on Greek defense expenditure will limit Greece's flexibility in military maintenance
  • Competitive Landscape and Strategic Insights
    • Competitive Landscape Overview
      • Table Greek - Top Defense Suppliers by Value (US$ Million),2019-2024
      • Table Figure 32: Greece Market Share Analysis, 2019-2024
      • Table Greek - Competitive Landscape, 2018
    • Key Domestic Companies
      • Hellenic Aerospace Industry: overview
      • Hellenic Aerospace Industry: product focus
        • Table Hellenic Aerospace Industry - Product Focus
      • Hellenic Aerospace Industry: recent announcements and strategic initiatives
      • Hellenic Aerospace Industry: alliances
        • Table Hellenic Aerospace Industry - Alliances
      • Hellenic Aerospace Industry: recent contract wins
        • Table Hellenic Aerospace Industry - Recent Contract Wins
      • Hellenic Defence Systems S.A: overview
      • Hellenic Defence Systems S.A: product focus
        • Table Hellenic Defence Systems S.A - Product Focus
        • Table Hellenic Defence Systems S.A - Product Focus
      • Hellenic Defence Systems S.A: recent announcements and strategic initiatives
      • Hellenic Defence Systems S.A.: alliances
        • Table Hellenic Defence Systems S.A - Alliances
      • Hellenic Defence Systems S.A: recent contract wins
        • Table Hellenic Defence Systems S.A - Recent Contract Wins
    • Key Private Sector Companies
      • ISI Hellas: overview
      • ISI Hellas: product focus
        • Table ISI Hellas - product focus
      • ISI Hellas: recent announcements and strategic initiatives
      • ISI Hellas: Alliances
        • Table ISI Hellas: Alliances
      • ISI Hellas: recent contract wins
        • Table ISI Hellas - Recent Contract Wins
      • Hellenic Shipyards S.A: overview
      • Hellenic Shipyards S.A: product focus
        • Table Hellenic Shipyards S.A - Product Focus
      • Hellenic Shipyards S.A: recent announcements and strategic initiatives
      • Hellenic Shipyards S.A: recent contract wins
        • Table Hellenic Shipyards S.A: recent contract wins
      • SSMART S.A: overview
      • SSMART S.A: product focus
        • Table SSMART S.A - Product Focus
      • SSMART S.A: alliances
        • Table SSMART S.A - Alliances
      • Signaal Hellas: overview
      • Signaal Hellas: product focus
        • Table Signaal Hellas - product focus
      • Signaal Hellas: alliances
        • Table Signaal Hellas - Alliances
      • Theon Sensors: overview
      • Theon Sensors: product focus
        • Table Theon Sensors - product focus
      • Theon Sensors: recent announcements and strategic initiatives
      • Theon Sensors: recent contract wins
        • Table Theon Sensors - Recent Contract Wins
      • Ordtech Military Industries: overview
      • Ordtech Military Industries: product focus
        • Table Ordtech Military Industries- Product Focus
        • Table Ordtech Military Industries- Product Focus
      • Intracom Defense Electronics: overview
      • Intracom Defense Electronics: product focus
        • Table Intracom Defense Electronics - Product Focus
      • Intracom Defense Electronics: recent announcements and strategic initiatives
      • Intracom Defense Electronics - Alliances
        • Table Intracom Defense Electronics - Alliances
      • Intracom Defense Electronics: recent contract wins
        • Table Intracom Defense Electronics - Recent Contract Wins
      • Hellenic Vehicle Industry S.A.: overview
      • Hellenic Vehicle Industry S.A: product focus
        • Table Hellenic Vehicle Industry S.A - Product Focus
      • Hellenic Vehicle Industry S.A: recent announcements and strategic initiatives
      • Hellenic Vehicle Industry S.A: recent contract wins
        • Table Hellenic Vehicle Industry S.A - Recent Contract Wins
      • IDE (INTRACOM Defense Electronics): overview
      • IDE (INTRACOM Defense Electronics): product focus
        • Table IDE (INTRACOM Defense Electronics): - Product Focus
      • IDE (INTRACOM Defense Electronics): recent announcements and strategic initiatives
      • IDE (INTRACOM Defense Electronics): recent contract wins
        • Table IDE (INTRACOM Defense Electronics): recent contract wins
  • Business Environment and Country Risk
    • Economic Performance
      • GDP Per Capita
        • Table Figure 33: Greek GDP Per Capita, 2015-2025
      • GDP, Current Prices, US$ Billion
        • Table Figure 34: Greek GDP, Current Prices, US$ Billion, 2015-2025
      • Local Currency Unit per US$
        • Table Figure 35: Greek LCU per US$, 2015-2024
      • Market Capitalization of Listed Companies
        • Table Figure 36: Greek Market Capitalization of Listed Companies (US$ Billion), 2005-2012
      • Market Capitalization of Listed Companies (% of GDP)
        • Table Figure 37: Greek Market Capitalization of Listed Companies (% of GDP), 2005-2012
      • Exports of Goods and Services (LCU Billion)
        • Table Figure 38: Greek Exports of Goods and Services (LCU Billion), 2005-2014
      • Imports of Goods and Services (LCU Billion)
        • Table Figure 39: Greek Imports of Goods and Services (LCU Billion), 2005-2014
      • Goods Exports as percentage of GDP
        • Table Figure 40: Greek Goods Exports as a Percentage of GDP, 2005-2014
      • Goods Imports as a Percentage of GDP
        • Table Figure 41: Greek Goods Imports as a Percentage of GDP, 2005-2014
      • Gross National Disposable Income (US$ Billion)
        • Table Figure 42: Greek Gross National Disposable Income (US$ Billion), 2005-2014
      • Service Imports as a Percentage of GDP
        • Table Figure 43: Greek Service Imports as a Percentage of GDP, 2005-2014
      • Service Exports as a Percentage of GDP
        • Table Figure 44: Greek Service Exports as a Percentage of GDP, 2005-2014
      • Foreign Direct Investment
        • Table Figure 45: Greek Foreign Direct Investment (US$ Billion), 2005-2014
      • Net Foreign Direct Investment as a Percentage of GDP
        • Table Figure 46: Greek Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
      • Government Cash Surplus/Deficit as a Percentage of GDP (LCU)
        • Table Figure 47: Greek Government Cash Surplus/Deficit as a Percentage of GDP (LCU), 2008-2012
      • Mining, Manufacturing, Utilities Output
        • Table Figure 48: Greek Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014
  • Appendix
    • About GlobalData
    • Disclaimer

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