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$6 billion in 2024.
- The country’s strained relationship with Turkey over the long standing territorial dispute in Cyprus, along with sovereignty rights issue in the Gulf of Aegean and military modernization initiatives is expected to drive the Greek defense expenditure over the forecast period. As a percentage of GDP, the country’s defense budget is expected to average 2.4% over the forecast period, compared to an average of 2% recorded during 2015-2019.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Greek defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the Greek defense industry covering sections including demand drivers, Key Trends , and latest industry contracts
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Table of Contents
LIST OF FIGURES
LIST OF TABLES
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About GlobalData
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary Threat Perception
3.1.2. Military Doctrine & Strategy
3.1.3. Procurement Programs
3.1.4. Top Procurement Programs by Value (US$ Million) 2019-2024
3.1.5. Geopolitical, Social and Economic Scenario
3.1.6. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Greek total defense expenditure including pension is anticipated to grow at a CAGR of 3.18% over the forecast period
3.2.2. Greek base defense budget, excluding pensions is anticipated to grow at a CAGR of 1.96% over the forecast period
3.2.3. Conflict with Turkey and military modernization will drive Greek defense expenditure over the forecast period
3.2.4. Defense expenditure as a percentage of GDP is anticipated to decline over the forecast period
3.3. Analysis of Defense Budget Allocations
3.3.1. Capital expenditure allocation expected to increase over the forecast period
3.3.2. Capital expenditure expected to increase over the forecast period
3.3.3. The Army accounted for the largest share of the overall defense budget during the historic period
3.3.4. Other segment to account for the highest share of Greece’s defense budget
3.3.5. Per-capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Homeland security market expected to grow at a CAGR of 6.14% over the forecast period
3.4.2. Illegal migration predicted to drive homeland security procurement
3.5. Benchmarking with Key Global Markets
3.5.1. Greek defense budget expected to register consistent growth over the forecast period
3.5.2. Greek military expenditure is expected to remain low compared to other leading spenders
3.5.3. Defense budget as a percentage of GDP expected to remain moderate on a global scale
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Market Categories by Value (US$ million) - Forecast-Period Projections
3.6.2. Physical Security
3.6.3. Naval Vessels and MRO - Frigates MRO
3.6.4. C4ISR - Land-based
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports maintained high volumes during the historic period
4.1.2. Germany accounts for most of Greece’s defense imports
4.1.3. Naval vessels, aircraft, and missiles are the main categories of imported military hardware
4.2. Export Market Dynamics
4.2.1. Naval vessels are the main exported defense products
5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining Power of Supplier: Low to Medium
5.1.2. Bargaining Power of Buyer: Medium to High
5.1.3. Barrier to Entry: Low
5.1.4. Intensity of Rivalry: Low to Medium
5.1.5. Threat of Substitution: Medium
6. Market Entry Strategy
6.1. Market Regulation
6.1.1. Offset obligations are attached to all defense deals
6.1.2. European Defense Agency promotes defense procurements within the EU
6.2. Market Entry Route
6.2.1. Budgeting process
6.2.2. Procurement policy and process
6.3. Key Challenges
6.3.1. Economic crisis will affect current and future procurements
6.3.2. IMF and EU regulations on Greek defense expenditure will limit Greece’s flexibility in military maintenance
7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.1.1. Greece Market Share Analysis, 2014-2024
7.2. Key Domestic Companies
7.2.1. Hellenic Aerospace Industry: overview
7.2.2. Hellenic Aerospace Industry: product focus
7.2.3. Hellenic Aerospace Industry: recent announcements and strategic initiatives
7.2.4. Hellenic Aerospace Industry: alliances
7.2.5. Hellenic Aerospace Industry: recent contract wins
7.2.6. Hellenic Defence Systems S.A: overview
7.2.7. Hellenic Defence Systems S.A: product focus
7.2.8. Hellenic Defence Systems S.A: recent announcements and strategic initiatives
7.2.9. Hellenic Defence Systems S.A.: alliances
7.2.10. Hellenic Defence Systems S.A: recent contract wins
7.3. Key Private Sector Companies
7.3.1. ISI Hellas: overview
7.3.2. ISI Hellas: product focus
7.3.3. ISI Hellas: recent announcements and strategic initiatives
7.3.4. ISI Hellas: Alliances
7.3.5. ISI Hellas: recent contract wins
7.3.6. Hellenic Shipyards S.A: overview
7.3.7. Hellenic Shipyards S.A: product focus
7.3.8. Hellenic Shipyards S.A: recent announcements and strategic initiatives
7.3.9. Hellenic Shipyards S.A: recent contract wins
7.3.10. SSMART S.A: overview
7.3.11. SSMART S.A: product focus
7.3.12. SSMART S.A: alliances
7.3.13. Signaal Hellas: overview
7.3.14. Signaal Hellas: product focus
7.3.15. Signaal Hellas: alliances
7.3.16. Theon Sensors: overview
7.3.17. Theon Sensors: product focus
7.3.18. Theon Sensors: recent announcements and strategic initiatives
7.3.19. Theon Sensors: recent contract wins
7.3.20. Ordtech Military Industries: overview
7.3.21. Ordtech Military Industries: product focus
7.3.22. Intracom Defense Electronics: overview
7.3.23. Intracom Defense Electronics: product focus
7.3.24. Intracom Defense Electronics: recent announcements and strategic initiatives
7.3.25. Intracom Defense Electronics: recent announcements and strategic initiatives
7.3.26. Intracom Defense Electronics: recent contract wins
7.3.27. Hellenic Vehicle Industry S.A.: overview
7.3.28. Hellenic Vehicle Industry S.A: product focus
7.3.29. Hellenic Vehicle Industry S.A: recent announcements and strategic initiatives
7.3.30. Hellenic Vehicle Industry S.A: recent contract wins
7.3.31. IDE (INTRACOM Defense Electronics): overview
7.3.32. IDE (INTRACOM Defense Electronics): product focus
7.3.33. IDE (INTRACOM Defense Electronics): recent announcements and strategic initiatives
7.3.34. IDE (INTRACOM Defense Electronics): recent contract wins
8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP Per Capita
8.1.2. GDP, Current Prices, US$ Billion
8.1.3. Local Currency Unit per US$
8.1.4. Market Capitalization of Listed Companies
8.1.5. Market Capitalization of Listed Companies (% of GDP)
8.1.6. Exports of Goods and Services (LCU Billion)
8.1.7. Imports of Goods and Services (LCU Billion)
8.1.8. Goods Exports as percentage of GDP
8.1.9. Goods Imports as a Percentage of GDP
8.1.10. Gross National Disposable Income (US$ Billion)
8.1.11. Service Imports as a Percentage of GDP
8.1.12. Service Exports as a Percentage of GDP
8.1.13. Foreign Direct Investment
8.1.14. Net Foreign Direct Investment as a Percentage of GDP
8.1.15. Government Cash Surplus/Deficit as a Percentage of GDP (LCU)
8.1.16. Mining, Manufacturing, Utilities Output
9. Appendix
9.1. About GlobalData
9.2. Disclaimer
List of Tables
Table 1: Greek - Defense Procurement Programs by Value (US$ Million), 2019-2024
Table 2: Greece Defense Cooperation
Table 3: Greece Military Training Exercises
Table 4: Greek Defense Expenditure Including Pension (EUR Billion & US$ Billion), 2015-2024
Table 5: Greek Base Defense Budget (EUR Billion & US$ Billion), 2015-2024
Table 6: Greek GDP Growth and Defense Expenditure as a Percentage of GDP, 2015-2024
Table 7: Greek Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 8: Greek Defense Capital Expenditure (EUR Million and US$ Million), 2015-2024
Table 9: Greek Defense Budget Split Between Military Services (Army, Air Force, Navy and Others) (%), 2015-2024
Table 10: Greek - Defense Budget Breakdown by Service (EUR Million), 2014-2023
Table 11: Greek - Defense Budget Breakdown by Service (US$ Million), 2015-2024
Table 12:Greek Per-Capita Defense Expenditure (US$), 2015-2024
Table 13: Greek Homeland Security Expenditure (EUR Billion and US$ Billion), 2015-2024
Table 14: Benchmarking with Key Markets - 2015-2019 vs. 2020-2024
Table 15: Greek - Top 10 Leading Defense Market Categories by Value (US$ Million), 2019-2024
Table 16: Greece - Offset Guidelines and Agreements
Table 17: Greece - Ongoing Foreign Military Sales Deals
Table 18: Greek - Top Defense Suppliers by Value (US$ Million),2019-2024
Table 19: Greek - Competitive Landscape, 2018
Table 20: Hellenic Aerospace Industry - Product Focus
Table 21: Hellenic Aerospace Industry - Alliances
Table 22: Hellenic Aerospace Industry - Recent Contract Wins
Table 23: Hellenic Defence Systems S.A - Product Focus
Table 24: Hellenic Aerospace Industry - Alliances
Table 25: Hellenic Defence Systems S.A - Recent Contract Wins
Table 26: ISI Hellas - product focus
Table 27: Hellenic Aerospace Industry - Alliances
Table 28: ISI Hellas - Recent Contract Wins
Table 29: Hellenic Shipyards S.A - Product Focus
Table 30: Hellenic Defence Systems S.A - Recent Contract Wins
Table 31: SSMART S.A - Product Focus
Table 32: SSMART S.A - Alliances
Table 33: Signaal Hellas - product focus
Table 34: Signaal Hellas - Alliances
Table 35: Theon Sensors - product focus
Table 36: Theon Sensors - Recent Contract Wins
Table 37: Ordtech Military Industries- Product Focus
Table 38: Intracom Defense Electronics - Product Focus
Table 39: Intracom Defense Electronics - Alliances
Table 40: Intracom Defense Electronics - Recent Contract Wins
Table 41: Hellenic Vehicle Industry S.A - Product Focus
Table 42: Hellenic Vehicle Industry S.A - Recent Contract Wins
Table 43: IDE (INTRACOM Defense Electronics): - Product Focus
Table 44: Hellenic Vehicle Industry S.A - Recent Contract Wins
List of Figures
Figure 1 : Greece Defense Budget: 2020 and 2024
Figure 2 : Greece Defense Imports: 2014 and 2018
Figure 3 : Greece’s Top Three Prospective Procurements/Developments
Figure 4: Greece National Security Threats
Figure 5: Greece’s Partnering Countries for Defense Cooperation and Military Training
Figure 6: Greece Defense Expenditure Including Pension (EUR Billion), 2015-2024
Figure 7: Greece Defense Expenditure Including Pension (US$ Billion), 2015-2024
Figure 8: Greece Defense Expenditure (EUR Billion), 2015-2024
Figure 9: Greece Defense Expenditure (US$ Billion), 2015-2024
Figure 10: Greek GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2015-2024
Figure 11: Greek Defense Expenditure Allocation for Capital and Revenue Expenditure (%), 2015-2024
Figure 12: Greek Defense Capital Expenditure (EUR Million), 2015-2024
Figure 13: Greek Defense Capital Expenditure (US$ Million), 2015-2024
Figure 14: Greek Defense Budget Split Between Army, Air Force, Navy and Others, 2015-2024
Figure 15: Greek - Defense Budget Breakdown by Service (EUR Million), 2015-2024
Figure 16: Greek - Defense Budget Breakdown by Service (US$ Billion), 2015-2024
Figure 17: Greek Per-Capita Defense Expenditure (US$), 2015-2024
Figure 18: Greek Homeland Security Budget (EUR Billion), 2015-2024
Figure 19: Greek Homeland Security Budget (US$ Billion), 2015-2024
Figure 20: Benchmarking with Key Global Markets: 2015-2019 vs. 2020-2024
Figure 21: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2019 and 2024
Figure 22: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 23: Physical Security Market Size (US$ Million), 2019-2024
Figure 24: Frigates MRO Market Size (US$ Million), 2019-2024
Figure 25: Land based C4ISR Market(US$ Million), 2019-2024
Figure 26: Greece - Defense Procurements in Terms of Supplier Relationships, 2018
Figure 27: Greek Defense Imports (US$ Million), 2014-2018
Figure 28: Greek Defense Imports by Country (%), 2014-2018
Figure 29: Greek Defense Imports by Category(%), 2014-2018
Figure 30: Industry Dynamics - Porter’s Five Forces Analysis
Figure 31: Greece Budgeting Process
Figure 32: Greece Market Share Analysis, 2019-2024
Figure 33: Greek GDP Per Capita, 2015-2025
Figure 34: Greek GDP, Current Prices, US$ Billion, 2015-2025
Figure 35: Greek LCU per US$, 2015-2024
Figure 36: Greek Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 37: Greek Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 38: Greek Exports of Goods and Services (LCU Billion), 2005-2014
Figure 39: Greek Imports of Goods and Services (LCU Billion), 2005-2014
Figure 40: Greek Goods Exports as a Percentage of GDP, 2005-2014
Figure 41: Greek Goods Imports as a Percentage of GDP, 2005-2014
Figure 42: Greek Gross National Disposable Income (US$ Billion), 2005-2014
Figure 43: Greek Service Imports as a Percentage of GDP, 2005-2014
Figure 44: Greek Service Exports as a Percentage of GDP, 2005-2014
Figure 45: Greek Foreign Direct Investment (US$ Billion), 2005-2014
Figure 46: Greek Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
Figure 47: Greek Government Cash Surplus/Deficit as a Percentage of GDP (LCU), 2008-2012
Figure 48: Greek Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014
