Future of the France Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022

Future of the France Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022

Summary

The Future of France Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022, 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.

Synopsis

This report offers detailed analysis of French 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 -
- French defense industry market size and drivers: detailed analysis of French defense industry during 2018-2022, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget. It also details the key challenges faced by defense market participants within the country
- Porters Five Force analysis of French defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
- Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years
- Market opportunities: details of the top five defense investment opportunities over the next 10 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of Frenchn defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Scope

- French military expenditure, which stands at US$44 billion in 2017, declined at a CAGR of -4.04% during the historic period, attributed mainly to the erosion in Euro- Dollar exchange rates.The country, being a permanent member of the UN Security Council and NATO, is one of the highest contributors and therefore this active participation in international affairs requires higher spending on the defense sector. This, coupled with the countrys efforts in replacing aging military equipment, along with modernizing defense forces with advanced technology equipment, is expected to drive the defense expenditure over the forecast period. As a percentage of GDP, the countrys defense expenditure is expected to average 1.8% over the forecast period.
- The French MoD allocated an average of 41.9% for capital expenditure out of the total defense expenditure during the historic period, which is expected to increase marginally over the forecast period to an average of 42.1%. The major procurements initiated by the country include the acquisition of the FELIN system for soldier modernization, the Rafale fighter program, A400M transport aircraft, Barracuda submarines, MK II drones, Iveco PPT trucks, reconnaissance helicopters, naval vessels, frigates, and infantry fighting vehicles. The French MoD allocated an average of 58.1% of revenue expenditure during the historic period which is expected to decline marginally over the forecast period to an average of 57.9% of the total defense spending. This decline is mainly due to the reduction in troop size and military personnel.
- The French MoD is expected to invest in military-IT networking, transport aircraft, nuclear attack submarines, and infrastructure construction.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of French 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
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of French defense industry covering sections including demand drivers, Porters Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

1. Introduction 10
1.1. What is this Report About? 10
1.2. Definitions 10
1.3. Summary Methodology 12
1.4. About Strategic Defence Intelligence 13
2. Executive Summary 14
3. Market Attractiveness and Emerging Opportunities 16
3.1. Current Market Scenario 17
3.1.1. Primary threat perception 17
3.1.2. Military Doctrine & Strategy 19
3.1.3. Military Fleet Size 22
3.1.4. Procurement Programs 28
Ongoing procurement programs 28
Future procurement programs 30
3.1.5. Social, Political and Economic Environment & Support for Defense Projects 31
3.1.6. Political & Strategic Alliances 32
3.2. Defense Market Size Historical and Forecast 33
3.2.1. French total defense expenditure including pensions, to grow at an estimated CAGR of 3.03% during 2018-2022 33
3.2.2. French defense budget excluding pensions to grow at an estimated CAGR of 2.89% during 2018-2022 35
3.2.3. International peacekeeping operations contribution and the armed forces modernization drives the French defense industry 37
3.2.4. Defense budget as a percentage of GDP will remain at an average of 1.70% over the forecast period 38
3.3. Analysis of Defense Budget Allocation 40
3.3.1. Share of capital expenditure is expected to increase during the forecast period 40
3.3.2. Capital expenditure is anticipated to record a CAGR of 3.13% during the forecast period 42
3.3.3. Army accounted for the largest percentage share of the overall French defense budget 44
3.3.4. Army defense budget allocation is estimated to reach US$28.3 billion in 2022 46
3.3.5. Air force defense expenditure expected to grow at a CAGR of 2.96% during 2018-2022 48
3.3.6. Naval expenditure is estimated to register a CAGR of 3.03%over the forecast period 50
3.3.7. French Per-capita defense expenditure to increase during the forecast period 52
3.4. Homeland Security Market Size and Forecast 53
3.4.1. Homeland Security market in France is expected to grow at a CAGR of 1.55% during the forecast period 53
3.4.2. Counter terrorism activities, cyber security, police modernization, and gendarmerie drives the Homeland security expenditure of France 55
3.4.3. France falls under highly affected category in the terrorism index 57
3.4.4. France faces threats from terrorist organizations 58
3.4.5. France has a terrorism index score of 5.6 60
3.5. Benchmarking with Key Global Markets 61
3.5.1. France ranks among major Global Defense Markets 61
3.5.2. France is expected to remain among top 10 defense spending countries in the world 63
3.5.3. French defense budget as a percentage of GDP is expected to decline over the forecast period 64
3.6. Market Opportunities: Key Trends and Drivers 65
3.6.1. Military IT - Networking 65
3.6.2. Transport Aircraft 66
3.6.3. Nuclear attack submarines 67
3.6.4. Infrastructure Construction 68
4. Defense Procurement Market Dynamics 69
4.1. Import Market Dynamics 70
4.1.1. Domestic companies are key supplier of equipment to French Ministry of Defense 70
4.1.2. US, Spain, and the Netherlands are the major suppliers for France 71
4.1.3. Aircraft and missiles accounted for a total share 60.3% in French defense imports 72
4.2. Export Market Dynamics 73
4.2.1. France ranked fifth among the countries with the highest volume of defense exports 73
4.2.2. Asian countries are the major prospects for French defense exports 74
4.2.3. Aircraft accounted for the majority of French defense exports during 2011-2015 75
5. Industry Dynamics 76
5.1. Five Forces Analysis 76
5.1.1. Bargaining power of Supplier: Low 77
5.1.2. Bargaining power of Buyer: Medium 77
5.1.3. Barrier to entry: High 77
5.1.4. Intensity of rivalry: Medium to High 77
5.1.5. Threat of Substitution: Medium 77
6. Market Entry Strategy 78
6.1. Market Regulation 78
6.1.1. No formal offset policy in France 78
6.1.2. Foreign direct investment in the defense sector and transfer of defense-related products are subject to prior authorization 78
6.2. Market Entry Route 79
6.2.1. Budgeting Process 79
6.2.2. Procurement Policy and Process 80
6.2.3. Foreign military sales (FMS) to France 81
6.2.4. Collaborations provide market entry opportunities 81
6.2.5. Joint equipment programs favored by the French government 82
6.3. Key Challenges 83
6.3.1. Increased preference for domestic and European defense companies impede the entry of non-European firms 83
6.3.2. Increased cost overruns and delay in product delivery 83
7. Competitive landscape and Strategic Insights 84
7.1. Competitive landscape Overview 84
7.2. Key Public Sector Companies 86
7.2.1. Dassault Aviation: Overview 86
7.2.2. Dassault Aviation: Major Products 86
7.2.3. Dassault Aviation: Recent Announcements and Strategic Initiatives 86
7.2.4. Dassault Aviation: Alliances 89
7.2.5. Dassault Aviation: Recent Contract Wins 90
7.2.6. Dassault Aviation: Financial Analysis 91
7.2.7. Thales: Overview 93
7.2.8. Thales: Major Products and Services 93
7.2.9. Thales: Recent Announcements and Strategic Initiatives 95
7.2.10. Thales: Alliances 98
7.2.11. Thales: Recent Contract Wins 100
7.2.12. Thales: Financial Analysis 104
7.2.13. Constructions Mcaniques de Normandie (CMN): Overview 106
7.2.14. Constructions Mcaniques de Normandie (CMN): Major Products and Services 106
7.2.15. Constructions Mcaniques de Normandie (CMN): Recent Announcements and Strategic Initiatives 106
7.2.16. Constructions Mcaniques de Normandie (CMN): alliances 107
7.2.17. Constructions Mcaniques de Normandie (CMN): Recent Contract Wins 107
7.2.18. EuroTorp: Overview 108
7.2.19. EuroTorp: Major products 108
7.2.20. EuroTorp: recent announcements and strategic initiatives 108
7.2.21. EuroTorp: Alliances 109
7.2.22. EuroTorp: Recent Contract Wins 109
7.2.23. Airbus Defense and Space: Overview 110
7.2.24. Airbus Defense and Space: Major Products and Services 110
7.2.25. Airbus Defense and Space: Recent Announcements and Strategic Initiatives. 112
7.2.26. Airbus Defense and Space: Alliances 114
7.2.27. Airbus Defense and Space: Recent Contract Wins 116
7.2.28. Safran Group: Overview 118
7.2.29. Safran Group: Major Products and Services 118
7.2.30. Safran Group: Recent Announcements and Strategic Initiatives 119
7.2.31. Safran Group: Alliances 121
7.2.32. Safran Group: Recent Contract Wins 122
7.2.33. Safran Group: Financial Analysis 125
7.2.34. Nexter Systems: Overview 127
7.2.35. Nexter Systems: Major Products 127
7.2.36. Nexter Systems: Recent Announcements and Strategic Initiatives 127
7.2.37. Nexter Systems: Alliances 128
7.2.38. Nexter Systems: Recent Contract Wins 128
7.2.39. MBDA: Overview 131
7.2.40. MBDA: Major Products 131
7.2.41. MBDA: Recent Announcements and Strategic Initiatives 132
7.2.42. MBDA: Alliances 135
7.2.43. MBDA: Recent Contract Wins 136
7.2.44. Airbus Helicopters: overview 138
7.2.45. Airbus Helicopters: products and services 138
7.2.46. Airbus Helicopters: recent announcements and strategic initiatives 139
7.2.47. Airbus Helicopters: alliances 140
7.2.48. Airbus Helicopters: recent contract wins 140
7.2.49. DCNS: Overview 142
7.2.50. DCNS: Major Products and Services 142
7.2.51. DCNS: Recent Announcements and Strategic Initiatives 143
7.2.52. DCNS: Alliances 144
7.2.53. DCNS: Recent Contract Wins 145
7.2.54. DCNS: Financial Analysis 146
7.2.55. Renault Truck Defense: Overview 148
7.2.56. Renault Truck Defense: Major Products and Services 148
7.2.57. Renault Truck Defense: Recent Announcements and Strategic Initiatives 148
7.2.58. Renault Truck Defense: Alliances 150
7.2.59. Renault Truck Defense: Recent Contract Wins 150
8. Business Environment and Country Risk 152
8.1. Economic Performance 152
8.1.1. GDP per capita at constant prices (US$) 152
8.1.2. GDP at current prices (US$) 153
8.1.3. Exports of goods and services (LCU) 154
8.1.4. Imports of goods and services (LCU) 155
8.1.5. Gross national disposable income (US$ billion) 156
8.1.6. LCU per US$ (period average) 157
8.1.7. Market capitalization of listed companies (US$ billion) 158
8.1.8. Market capitalization of listed companies (% of GDP) 159
8.1.9. Government cash surplus/deficit as a percentage of GDP (LCU) 160
8.1.10. Goods exports and imports as a percentage of GDP 161
8.1.11. Services imports and exports as a percentage of GDP 162
8.1.12. Foreign direct investment, net (BoP, current US$ billions) 163
8.1.13. Net foreign direct investment as a percentage of GDP 164
8.1.14. Mining, Manufacturing, Utilities Output (US$ billion) 165
9. Appendix 166
9.1. About SDI 166
9.2. Disclaimer 166

List Of Tables

Table 1: The French Army Strength 22
Table 2: French Navy Strength 24
Table 3: French Air Force Strength 26
Table 4: French - Ongoing Development and Procurement Programs 28
Table 5: French - Future Procurement Programs 30
Table 6: France Defense Expenditure (EUR billion & US$ billion), 2013-2022 33
Table 7: France Defense Budget Allocations Excluding Pensions (EUR billion & US$ billion), 2013-2022 35
Table 8: France GDP Growth and Defense Expenditure as Percentage of GDP Growth, 2013-2022 38
Table 9: France Defense Budget Split Between Capital and Revenue Expenditure (%), 2013-2022 40
Table 10: France Defense Capital Expenditure (EUR billion & US$ billion), 2013-2022 42
Table 11: French Defense Budget Split Between Army, Navy, Air Force and Common Services, 2013-2022 44
Table 12: French Defense Expenditure for Army (EUR billion & US$ billion), 2013-2022 46
Table 13: French Defense Expenditure for Air Force (EUR billion & US$ billion), 2013-2022 48
Table 14: French Defense Expenditure for Navy (EUR billion & US$ billion), 2013-2022 50
Table 15: French Per Capita Defense Expenditure (US$), 2013-2022 52
Table 16: France Homeland Security Expenditure (EUR billion& US$ billion), 2013-2022 53
Table 17: Terrorism Index, 2017 58
Table 18: Benchmarking with Key Markets - 2013-2017 vs. 2018-2022 61
Table 19: French Budget Formation Timetable 79
Table 20: FMS deals to France 81
Table 21: French Participation in International Defense Equipment Development Collaborations 82
Table 22: Competitive Landscape of the French Defense Industry 84
Table23: Dassault Aviation - Product focus 86
Table 24: Dassault Aviation - Alliances 89
Table 25: Dassault Aviation - Recent Contract Wins 90
Table 26: Thales - Major Products & Services 93
Table 27: Thales - Alliances 98
Table 28: Thales - Recent Contract Wins 100
Table29: Dassault Aviation - Product focus 106
Table 30: Constructions Mcaniques de Normandie (CMN) - Alliances 107
Table 31: Constructions Mcaniques de Normandie (CMN) - Recent Contract Wins 107
Table 32: EuroTorp - Alliances 109
Table 33: EuroTorp - Recent Contract Wins 109
Table 34: Airbus Defense and Space - Major Products & Services 110
Table 35: Airbus Defense and Space - Alliances 114
Table 36: Airbus Defense and Space - Recent Contract Wins 116
Table 37: Safran Technologies - Products 118
Table 38: Safran Group - Alliances 121
Table 39: Safran Group - Recent Contract Wins 122
Table 40: Nexter Systems - Major Products 127
Table 41: Nexter Systems - Alliances 128
Table 42: Nexter Systems - Recent Contract Wins 128
Table 43: MBDA - Major Products 131
Table 44: MBDA - Alliances 135
Table 45: MBDA - Recent Contract Wins 136
Table46:Airbus Helicopters- Product focus 138
Table47:Airbus Helicopters - Alliances 140
Table48:Airbus Helicopters - Recent Contract Wins 140
Table 49: DCNS - Major Products & Services 142
Table 50: DCNS - Alliances 144
Table 51: DCNS - Recent Contract Wins 145
Table 52: Renault Truck Defense - Major Products 148
Table 53: Renault Truck Defense - Alliances 150
Table 54: Renault Truck Defense - Recent Contract Wins 150

List Of Figures

Figure 1: France Defense Expenditure (EUR billion), 2013-2022 34
Figure 2: France Defense Expenditure (US$ Billion), 2013-2022 34
Figure 3: France Defense Budget Allocations Excluding Pensions (EUR billion), 2013-2022 36
Figure 4: France Defense Budget Allocations Excluding Pensions (US$ Billion), 2013-2022 36
Figure 5: France GDP Growth and Defense Expenditure as Percentage of GDP Growth,2013-2022 39
Figure 6: France Defense Budget Split Between Capital and Revenue Expenditure (%),2013-2022 41
Figure 7: France Defense Capital Expenditure (EUR billion), 2013-2022 43
Figure 8: France Defense Capital Expenditure (US$ Billion), 2013-2022 43
Figure 9: French Defense budget Split Between Army, Navy, Air Force and Common Services, 2013-2022 45
Figure 10: French Army Expenditure (EUR billion), 2013-2022 47
Figure 11: French Defense Expenditure for Army (US$ billion), 2013-2022 47
Figure 12: French Defense Expenditure for Air Force (EUR billion), 2013-2022 49
Figure 13: French Defense Expenditure for Air Force (US$ billion), 2013-2022 49
Figure 14: French Defense Expenditure for Navy (EUR billion), 2013-2022 51
Figure 15: French Defense Expenditure for Navy (US$ Billion), 2013-2022 51
Figure 16: French Per Capita Defense Expenditure (US$), 2013-2022 52
Figure 17: French Homeland Security Expenditure (EUR billion), 2013-2022 54
Figure 18: French Homeland Security Expenditure (US$ billion), 2013-2022 54
Figure 19: Terrorism Heat Map, 2017 57
Figure 20: Terrorism Index, 2017 60
Figure 21: Benchmarking with Key Markets, 2013-2017 vs. 2018-2022 62
Figure 22: Defense Expenditure of the Worlds Largest Military Spenders (US$ billion),2017 and 2022 63
Figure 23: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2017 64
Figure 24: Military IT-Networking Market Size (US$ Million), 2017-2027 65
Figure 25: Transport Aircraft Market Size (US$ Million), 2017-2027 66
Figure 26: Submarine-Nuclear Attack Market Size (US$ Million), 2017-2027 67
Figure 27: Infrastructure Construction Market Size (US$ Million), 2017-2027 68
Figure 28: French Defense Import Trend (US$ Million), 2012-2016 (TIV values*) 70
Figure 29: French Defense Imports by Country (%), 2012-2016 71
Figure 30: French Defense Imports by Category (%), 2012-2016 72
Figure 31: French Defense Export Trend (US$ Million), 2012-2016 (TIV values) 73
Figure 32: French Defense Exports by Country (%), 2012-2016 74
Figure 33: : French Defense Exports by Category (%), 2012-2016 75
Figure 34: Industry Dynamics - Porters Five Forces Analysis 76
Figure 35: Dassault Aviation - Revenue Trend Analysis (EUR Billion), 2012-2016 91
Figure 36: Dassault Aviation - Operating Profit Trend Analysis (EUR Million), 2012-2016 91
Figure 37: Dassault Aviation - Net income Trend Analysis (EUR Million), 2012-2016 92
Figure 38: Thales - Revenue Trend Analysis (EUR Billion), 2012-2016 104
Figure 39: Thales - Operating Profit Trend Analysis (EUR Million), 2012-2016 105
Figure 40: Thales - Net Profit Trend Analysis (EUR Million), 2012-2016 105
Figure 41: Safran Group - Revenue Trend Analysis (EUR Billion), 2012-2016 125
Figure 42: Safran Group - Operating Profit Trend Analysis (EUR Million), 2012-2016 125
Figure 43: Safran Group - Net Profit Trend Analysis(EUR Million), 2012-2016 126
Figure 44: DCNS - Revenue Trend Analysis (EUR Billion), 2011-2015 146
Figure 45: DCNS - Operating Profit Trend Analysis (EUR million), 2011-2015 147
Figure 46: DCNS - Net Profit Trend Analysis (EUR million), 2011-2015 147
Figure 47: French GDP Per Capita at Constant Prices (US$), 2015-2025 152
Figure 48: France GDP at Current Prices (US$ Billion), 2015-2025 153
Figure 49: French Exports of goods and services (LCU), 2005-2014 154
Figure 50: French Imports of goods and services (US$), 2005-2014 155
Figure 51: French Gross national disposable income (US$ billion), 2005-2013 156
Figure 52: French LCU per US$, 2015-2024 157
Figure 53: French market capitalization of listed companies (US$ billion), 2005-2012 158
Figure 54: French market capitalization of listed companies (% of GDP), 2005-2012 159
Figure 55: French Government cash surplus/deficit as % of GDP (LCU), 2005-2012 160
Figure 56: France- Goods exports and imports as a % of GDP (%), 2005-2014 161
Figure 57: French Services imports and exports as a % of GDP (%), 2005-2014 162
Figure 58: French Foreign direct investment, net (BoP, current US$ billion), 2005-2014 163
Figure 59: French Net foreign direct investment as % of GDP, 2005-2014 164
Figure 60: French Mining, Manufacturing, Utilities Output (US$ billion), 2005-2014 165

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