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

Date: 2015-08

“• The Spanish defense industry, valued at US$8.8 billion in 2015, is anticipated to record a CAGR of 1.92% over the forecast period, to reach US$9.7 billion by 2020

• Spain’s defense expenditure will be stimulated by its involvement in existing military procurement programs, security threats from terrorist organizations, and territorial disputes with Morocco

• The country’s defense budget is expected to be capped at an average of 0.69% of GDP over the forecast period.

• The Defense Ministry is expected to procure the A400M military transport aircraft, S-80 submarine program, Eurofighter typhoons, Buque de Acción Marítima (BAM) ocean-going patrol boats, Tiger helicopters, Leopard tanks and medium-to-heavy military trucks, cyber security, and UAVs.”

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