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

Date: 2015-08

“• Over the historic period, Portugal’s defense expenditure registered growth of -2.52%, decreasing from US$2.9 billion in 2011 to US$2.6 billion in 2015

• Portugal’s military expenditure, valued at US$2.6 billion in 2015, is expected to increase to US$2.9 billion by 2020, registering a CAGR of 2.39% over the forecast period

• Portuguese military expenditure will be driven by the modernization of defense systems, and active participation in the joint operations with the European Union (EU), and peacekeeping operations of NATO and the United Nations (UN)

• The Defense Ministry is expected to procure transport aircraft, rotorcraft MRO, and Military IT–Cyber security”

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