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Future of the French Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Future of the French Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2023

Summary

The Future of the French Defense Industry - 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.

Synopsis

This report offers detailed analysis of the The French 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 French defense industry market size and drivers: detailed analysis of the French 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 French defense industry

Scope

- French military expenditure, which stands at US$52.1 billion in 2018, is anticipated to register a CAGR of 4.14% during the forecast period to value US$64.0 billion in 2023.
- The country, being a permanent member of the UN Security Council and NATO, is one of the highest contributors. Therefore, this active participation in international affairs requires higher spending on the defense sector.
- This, coupled with the country’s efforts in terms of replacing aging military equipment, along with modernizing defense forces with advanced technology equipment, is expected to drive defense expenditure over the forecast period.
- As a percentage of GDP, the country’s defense expenditure is expected to average 2.2% over 2019-2023.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the French 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
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the French defense industry covering sections including demand drivers, Key Trends , and latest industry contracts


1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About Strategic Defence Intelligence
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. Military Fleet Size
3.1.4. Procurement Programs
3.1.5. Ongoing Procurement programs
3.1.6. Future Procurement Programs
3.1.7. Top Procurement Programs by Value (US$ Million) 2018-2023
3.1.8. Social, Political and Economic Environment & Support for Defense Projects
3.1.9. Political & Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. French total defense expenditure, including pensions, to grow at a CAGR of 4.14% during 2019-2023
3.2.2. French defense budget, excluding pensions, to grow at a CAGR of 4.43% during 2019-2023
3.2.3. International peacekeeping operation contributions and armed forces modernization programs drive the French defense industry
3.2.4. Defense budget as a percentage of GDP will remain at an average of 1.70% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Share of capital expenditure is expected to increase during the forecast period
3.3.2. Capital expenditure is anticipated to record a CAGR of 4.66% over the forecast period
3.3.3. The army accounted for the largest percentage share of the overall French defense budget
3.3.4. Army to continue accounting for the majority share of the France defense budget
3.3.5. French per capita defense expenditure to increase during the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. France’s homeland security market is expected to grow at a CAGR of 2.24% over the forecast period
3.4.2. Counter terrorism activities, cyber security, police modernization, and gendarmerie drives France’s homeland security expenditure
3.4.3. France falls under the “highly affected” category in the terrorism index
3.4.4. France faces threats from terrorist organizations
3.4.5. France has a terrorism index score of 6.0
3.5. Benchmarking with Key Global Markets
3.5.1. France ranks highly among the major global defense markets
3.5.2. France is expected to remain among the top 10 defense spending countries in the world
3.5.3. French defense budget as a percentage of GDP is expected to decline over the forecast period
3.6. Market Opportunities: Key Trends and Drivers
3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections over period 2018-2023
3.6.2. Physical Security
3.6.3. Land-based C4ISR
3.6.4. Military IT-Networking
3.6.5. Transport Aircraft
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Domestic companies are key equipment suppliers to the French Ministry of Defense
4.1.2. The US, Spain, and the Netherlands are France’s major suppliers
4.1.3. Aircraft and missiles accounted for a total share of 60.3% in terms of French defense imports
4.2. Export Market Dynamics
4.2.1. France ranked fifth among the countries with the highest volume of defense exports
4.2.2. Asian countries are the major prospects for French defense exports
4.2.3. Aircraft accounted for a large share of French defense exports during 2011-2015
5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining Power of Supplier: Low
5.1.2. Bargaining Power of Buyer: High
5.1.3. Barrier to Entry: High
5.1.4. Intensity of Rivalry: Medium to High
5.1.5. Threat of Substitution: Medium
6. Market Entry Strategy
6.1. Market Regulation
6.1.1. No formal offset policy in France
6.1.2. Foreign direct investment in the defense sector and transfer of defense-related products are subject to prior authorization
6.2. Market Entry Route
6.2.1. Budgeting Process
6.2.2. Procurement Policy and Process
6.2.3. Foreign Military Sales (FMS) to France
6.2.4. Collaborations provide market entry opportunities
6.2.5. Joint equipment programs favored by the French government
6.3. Key Challenges
6.3.1. Increased preference for domestic and European defense companies impedes the entry of non-European firms
6.3.2. Increased cost overruns and delays in product delivery
7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Public Sector Companies
7.2.1. Dassault Aviation: Overview
7.2.2. Dassault Aviation: Product Focus
7.2.3. Dassault Aviation: Recent Announcements and Strategic Initiatives
7.2.4. Dassault Aviation: Alliances
7.2.5. Dassault Aviation: Recent Contract Wins
7.2.6. Dassault Aviation: Financial Analysis
7.2.7. Thales: Overview
7.2.8. Thales: Major Products and Services
7.2.9. Thales: Recent Announcements and Strategic Initiatives
7.2.10. Thales: Alliances
7.2.11. Thales: Recent Contract Wins
7.2.12. Thales: Financial Analysis
7.2.13. Constructions Mécaniques de Normandie (CMN): Overview
7.2.14. Constructions Mécaniques de Normandie (CMN): Product Focus
7.2.15. Constructions Mécaniques de Normandie (CMN): Recent Announcements and Strategic Initiatives
7.2.16. Constructions Mécaniques de Normandie (CMN): Alliances
7.2.17. Constructions Mécaniques de Normandie (CMN): Recent Contract Wins
7.2.18. EuroTorp: Overview
7.2.19. EuroTorp: Product Focus
7.2.20. EuroTorp: Recent Announcements and Strategic Initiatives
7.2.21. EuroTorp: Alliances
7.2.22. EuroTorp: Recent Contract Wins
7.2.23. Airbus Defense and Space: Overview
7.2.24. Airbus Defense and Space: Major Products and Services
7.2.25. Airbus Defense and Space: Recent Announcements and Strategic Initiatives.
7.2.26. Airbus Defense and Space: Alliances
7.2.27. Airbus Defense and Space: Recent Contract Wins
7.2.28. Safran Group: Overview
7.2.29. Safran Group: Product Focus
7.2.30. Safran Group: Recent Announcements and Strategic Initiatives
7.2.31. Safran Group: Alliances
7.2.32. Safran Group: Recent Contract Wins
7.2.33. Safran Group: Financial Analysis
7.2.34. Nexter Systems: Overview
7.2.35. Nexter Systems: Product Focus
7.2.36. Nexter Systems: Recent Announcements and Strategic Initiatives
7.2.37. Nexter Systems: Alliances
7.2.38. Nexter Systems: Recent Contract Wins
7.2.39. MBDA: Overview
7.2.40. MBDA: Product Focus
7.2.41. MBDA: Recent Announcements and Strategic Initiatives
7.2.42. MBDA: Alliances
7.2.43. MBDA: Recent Contract Wins
7.2.44. Airbus Helicopters: Overview
7.2.45. Airbus Helicopters: Product Focus
7.2.46. Airbus Helicopters: Recent Announcements and Strategic Initiatives
7.2.47. Airbus Helicopters: Alliances
7.2.48. Airbus Helicopters: recent contract wins
7.2.49. Naval Group: Overview
7.2.50. Naval Group: Major Products and Services
7.2.51. Naval Group: Recent Announcements and Strategic Initiatives
7.2.52. Naval Group: Alliances
7.2.53. Naval Group: Recent Contract Wins
7.2.54. Renault Truck Defense: Overview
7.2.55. Renault Truck Defense: Product Focus
7.2.56. Renault Truck Defense: Recent Announcements and Strategic Initiatives
7.2.57. Renault Truck Defense: Alliances
7.2.58. Renault Truck Defense: Recent Contract Wins
8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP Per Capita at Constant Prices (US$)
8.1.2. GDP at Current Prices (US$)
8.1.3. Exports of Goods and Services (LCU Billion)
8.1.4. Imports of Goods and Services (LCU)
8.1.5. Gross National Disposable Income (US$ Billion)
8.1.6. LCU per US$ (Period Average)
8.1.7. Market Capitalization of Listed Companies (US$ Billion)
8.1.8. Market Capitalization of Listed Companies (Percentage of GDP)
8.1.9. Government Cash Surplus/Deficit as a Percentage of GDP (LCU)
8.1.10. Goods Exports and Imports as a Percentage of GDP
8.1.11. Services Imports and Exports as a Percentage of GDP
8.1.12. Foreign Direct Investment, net (BoP, current US$ Billion)
8.1.13. Net Foreign Direct Investment as a Percentage of GDP
8.1.14. Mining, Manufacturing, Utilities Output (US$ billion)
9. Appendix
9.1. About SDI
9.2. Disclaimer
List of Tables
Table 1: French Army Strength
Table 2: French Navy Strength
Table 3: French Air Force Strength
Table 4: French - Ongoing Development and Procurement Programs
Table 5: French - Future Procurement Programs
Table 6: Top French Defense Procurement Programs by Value (US$ Million) 2018-2023
Table 7: France Defense Expenditure (EUR billion & US$ billion), 2014-2023
Table 8: France Defense Budget Allocations Excluding Pensions (EUR billion & US$ billion), 2014-2023
Table 9: France GDP Growth and Defense Expenditure as Percentage of GDP Growth, 2014-2023
Table 10: France Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Table 11: France Defense Capital Expenditure (EUR Billion & US$ Billion), 2014-2023
Table 12: French Defense Budget Split Between Army, Navy, Air Force and Common Services, 2014-2023
Table 13: French Defense Budget in EUR Billion - Breakdown by Services (Army, Navy, Air Force and Common Services) 2014-2023
Table 14: French Defense Budget in US$ Billion - Breakdown by Services (Army, Navy, Air Force and Common Services) 2014-2023
Table 15: French Per Capita Defense Expenditure (US$), 2014-2023
Table 16: France Homeland Security Expenditure (EUR billion& US$ billion), 2014-2023
Table 17: Terrorism Index, 2018
Table 18: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023
Table 19: Top 10 The France’s Defense Market Sectors by Value (US$ Million) - 2018-2023
Table 20: French Budget Formation Timetable
Table 21: FMS deals to France
Table 22: French Participation in International Defense Equipment Development Collaborations
Table 23: Top 10 Defense Suppliers in The French Defense Industry - By Value (US$ Million) 2018-2023
Table 24: Competitive Landscape of the French Defense Industry
Table 25: Dassault Aviation - Product Focus
Table 26: Dassault Aviation - Alliances
Table 27: Dassault Aviation - Recent Contract Wins
Table 28: Thales - Major Products and Services
Table 29: Thales - Alliances
Table 30: Thales - Recent Contract Wins
Table31: Dassault Aviation - Product focus
Table 32: Constructions Mécaniques de Normandie (CMN) - Alliances
Table 33: Constructions Mécaniques de Normandie (CMN) - Recent Contract Wins
Table 34: Dassault Aviation - Product Focus
Table 35: EuroTorp - Alliances
Table 36: EuroTorp - Recent Contract Wins
Table 37: Airbus Defense and Space - Major Products and Services
Table 38: Airbus Defense and Space - Alliances
Table 39: Airbus Defense and Space - Recent Contract Wins
Table 40: Safran Technologies - Product Focus
Table 41: Safran Group - Alliances
Table 42: Safran Group - Recent Contract Wins
Table 43: Nexter Systems - Product Focus
Table 44: Nexter Systems - Alliances
Table 45: Nexter Systems - Recent Contract Wins
Table 46: MBDA - Product Focus
Table 47: MBDA - Alliances
Table 48: MBDA - Recent Contract Wins
Table 49: Airbus Helicopters - Product Focus
Table50:Airbus Helicopters - Alliances
Table51:Airbus Helicopters - Recent Contract Wins
Table 52: Naval Group - Major Products and Services
Table 53: Naval Group - Alliances
Table 54: Naval Group - Recent Contract Wins
Table 55: Renault Truck Defense - Product Focus
Table 56: Renault Truck Defense - Alliances
Table 57: Renault Truck Defense - Recent Contract Wins
List of Figures
Figure 1: France Defense Expenditure (EUR Billion), 2014-2023
Figure 2: France Defense Expenditure (US$ Billion), 2014-2023
Figure 3: France Defense Budget Allocations Excluding Pensions (EUR Billion), 2014-2023
Figure 4: France Defense Budget Allocations Excluding Pensions (US$ Billion), 2014-2023
Figure 5: France GDP Growth and Defense Expenditure as Percentage of GDP Growth, 2014-2023
Figure 6: France Defense Budget Split Between Capital and Revenue Expenditure (%),2014-2023
Figure 7: France Defense Capital Expenditure (EUR billion), 2014-2023
Figure 8: France Defense Capital Expenditure (US$ Billion), 2014-2023
Figure 9: French Defense Budget Split Between Army, Navy, Air Force and Common Services, 2014-2023
Figure 10: The French Defense Budget in EUR Billion - Breakdown by Services (Army, Navy, Air Force and Common Services) 2014-2023
Figure 11: The French Defense Budget in US$ Billion - Breakdown by Services (Army, Navy, Air Force and Common Services) 2014-2023
Figure 12: French Per Capita Defense Expenditure (US$), 2014-2023
Figure 13: French Homeland Security Expenditure (EUR billion), 2014-2023
Figure 14: French Homeland Security Expenditure (US$ billion), 2014-2023
Figure 15: Terrorism Heat Map, 2018
Figure 16: Terrorism Index, 2018
Figure 17: Benchmarking with Key Markets, 2014-2018 vs. 2019-2023
Figure 18: Defense Expenditure of the World’s Largest Military Spenders (US$ billion), 2018 and 2023
Figure 19: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018
Figure 20: Physical Security Market Size (US$ Billion), 2018-2023
Figure 21: Land-based C4ISR Market Size (US$ Billion), 2018-2023
Figure 22: Military-IT Networking Market Size (US$ Billion), 2018-2023
Figure 23: Transport Aircraft Market Size (US$ Billion), 2018-2023
Figure 24: France’s Defense Procurements in Terms Of Their Supplier Relationships
Figure 25: French Defense Import Trend (US$ Million), 2012-2016 (TIV values*)
Figure 26: French Defense Imports by Country (%), 2012-2016
Figure 27: French Defense Imports by Category (%), 2012-2016
Figure 28: French Defense Export Trend (US$ Million), 2012-2016 (TIV values)
Figure 29: French Defense Exports by Country (%), 2012-2016
Figure 30: French Defense Exports by Category (%), 2012-2016
Figure 31: Industry Dynamics - Porter’s Five Forces Analysis
Figure 32: Dassault Aviation - Revenue Trend Analysis (EUR Billion), 2012-2016
Figure 33: Dassault Aviation - Operating Profit Trend Analysis (EUR Million), 2012-2016
Figure 34: Dassault Aviation - Net income Trend Analysis (EUR Million), 2012-2016
Figure 35: Thales - Revenue Trend Analysis (EUR Billion), 2012-2016
Figure 36: Thales - Operating Profit Trend Analysis (EUR Million), 2012-2016
Figure 37: Thales - Net Profit Trend Analysis (EUR Million), 2012-2016
Figure 38: Safran Group - Revenue Trend Analysis (EUR Billion), 2012-2016
Figure 39: Safran Group - Operating Profit Trend Analysis (EUR Million), 2012-2016
Figure 40: Safran Group - Net Profit Trend Analysis (EUR Million), 2012-2016
Figure 41: French GDP Per Capita at Constant Prices (US$), 2015-2025
Figure 42: France GDP at Current Prices (US$ Billion), 2015-2025
Figure 43: French Exports of Goods and Services (LCU Billion), 2005-2014
Figure 44: French Imports of Goods and Services (LCU Billion), 2005-2014
Figure 45: French Gross National Disposable Income (US$ Billion), 2005-2013
Figure 46: French LCU per US$, 2015-2024
Figure 47: French Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 48: French Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 49: French Government Cash Surplus/Deficit as a % of GDP (LCU), 2005-2012
Figure 50: French Goods Exports and Imports as a % of GDP (%), 2005-2014
Figure 51: French Services imports and Exports as a % of GDP (%), 2005-2014
Figure 52: French Foreign Direct Investment, net (BoP, current US$ Billion), 2005-2014
Figure 53: French Net Foreign Direct Investment as a % of GDP, 2005-2014
Figure 54: French Mining, Manufacturing, Utilities Output (US$ Billion), 2005-2014

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