Future of the Belgian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020

Date: 2015-08

“• Over the historic period, Belgium’s defense expenditure registered a CAGR of -5.06%; between 2016 and 2020, the defense budget is expected to grow at a CAGR of 0.40%

• The country’s total defense expenditure during the forecast period is expected to be US$15.8billion

• The average share of capital expenditure is expected to be 23% over the forecast period, compared to an average share of 22.3% during 2011–2015

• Over the forecast period, the country’s budget for homeland security is expected to be US$11.8 billion cumulatively

• The key areas of investment are expected to be aircraft, helicopter, missiles, and surveillance equipment”


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