France Defense Industry Report 2020-2024 Featuring Dassault Aviation, Naval Group, Nexter Group, Safran, and Thales

DUBLIN, March 6, 2020 /PRNewswire/ -- The "France - FY 2020 Defense Budget Analysis, Competitive Landscape and Forecasts" report has been added to's offering.

This report provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand and an analysis of industry leading companies.

The report offers detailed analysis of the French defense market with forecasts covering the next five years. This report will also analyze factors that influence demand for the market, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

    --  The French defense market size and drivers: detailed analysis of the
        French defense industry during 2020-2024, 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 procurement, Operations & Maintenance (O&M) and
        others expenditure.
    --  Import and Export Dynamics: analysis of prevalent trends in the
        country's imports and exports over the last five years.
    --  Market opportunities: details of the top defense investment
        opportunities over the next 10 years.
    --  Vendor landscape and strategic insights: analysis of the vendor
        landscape of the French defense market.

Key Highlights

    --  The French total defense budget includes acquisition, operation and
        maintenance (O&M) expenses and other defense funds. The Armed Forces'
        total budget has increased from US$46.5 billion in 2016 to US$53.9
        billion in 2020, featuring a 3% CAGR over the historic period.
    --  The budget for FY2020 shows a decline when applied to the US$ exchange
        rate, but the French government actually boasts its third consecutive
        year of increase, following President Macron's commitment to bolster the
        French defense apparatus.
    --  Facing a multiplicity of threats, including jihadist activity in Sahel
        and the return to great power competition against Russia and China,
        France's strategy is aiming at ensuring the country's sovereignty and
        global position militarily. On this background, the government intends
        to close the gap with its 2% of GDP defense budget commitment before
    --  For the second year of the current Military Planning Law (Loi de
        programmation militaire, LPM) 2019-2025, the French government pledged
        an annual EUR1.7 billion increase in the defense budget until 2022, and
        then EUR3 billion until 2025.
    --  2020 will see an increase from US$51.5 billion to US$53.9 billion,
        reflecting the governmental objective of EUR1.7 billion. Interestingly,
        most of this increase will go to the acquisition budget, bolstering the
        French armed forces procurement and RDT&E efforts.
    --  The acquisition share in the total FY2020 defense budget will climb to
        27.3%, from 24.5% in FY2019, for an absolute value of US$14.7 billion.
        This increase represents a growth of 17%, unseen during the historic

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 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 the expected investment
        pattern by the country during the forecast period.

Companies Mentioned

    --  Dassault Aviation S.A.
    --  Naval Group
    --  Nexter Group
    --  Safran S.A.
    --  Thales S.A.

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