The Belgian Defense Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017

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Date:27-Sep-2012
No. of pages: 159
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Product Synopsis
This report is the result of ICD Research/SDI’s extensive market and company research covering the Belgian defense industry. It provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape
Why was the report written?
The Belgian defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Belgian defense industry.

What is the current market landscape and what is changing?
During the review period, the defense budget recorded a CAGR of -4.3%, driven by the implementation of defense plans to counter potential terrorist threats and Belgium’s participation in peacekeeping initiatives. The defense budget, which stood at 0.77% of GDP in 2012, is expected to decrease marginally to 0.76% of GDP by 2017, due to defense budget cuts announced by the government. During the review period, capital expenditure allocation stood at an average of 23.2% of the total defense budget, and throughout the forecast period, this is expected to increase to an average of 23.7%. In addition to this, the defense budget’s share of revenue expenditure is expected to reduce from an average of 76.8% in the review period, to an average of 76.3% in the forecast period. This is due to significant revenue expenditure cuts, which include a reduction of troop numbers and decreased spending on military equipment.

What are the key drivers behind recent market changes?
Peacekeeping operations and the threat of terrorism drive defense spending. Belgium is surrounded by EU and NATO members and has no border disputes or significant threat to national security, except for the existence of terrorist groups. As NATO’s headquarters are in Belgium and the country is a founding member, it supports peacekeeping operations across the world. In spite of defense budget cuts, military spending is driven by factors such as peacekeeping operations, globalization of terrorism and countering radicalization and violent extremism.

What makes this report unique and essential to read?
The Belgian Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017provides detailed analysis of the current industry size and growth expectations from 2013 to 2017, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits
The report provides a detailed analysis of the current industry size and growth expectations from 2013 to 2017, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

The report includes trend analysis of imports and exports, together with their implications and impact on the Belgian defense industry.

The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

The report helps the reader to understand the competitive landscape of the defense industry. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues
In 2010, the government announced defense budget cuts in order to control the country’s increasing fiscal deficit. In order to make the budget reductions, the government decided to reduce the size of its military, as the country deploys its troops for peacekeeping rather than defense purposes. In addition to this, Belgium plans to modernize its military workforce and equipment, and the money released through troop reductions is expected to offset the required modernization expenditure on equipment.

As Belgium is a member of the European Defense Agency (EDA), which was formed to improve European defense capabilities and to create a single defense equipment market, it gives preference to European nations in its defense contracts. As a result, Belgium is involved in several European defense programs, such as the Airbus A400M and the European Air Transport Fleet program. The EDA has simplified the defense trade within Europe through measures such as its electronic bulletin board (EBB), which requires all member countries to post defense contract opportunities, so that all opportunities are available for all member countries to easily access in one place.

Belgium has not had a stable government for more than four years. This has threatened the country’s economic condition and increased the rate of unemployment. This has resulted in a steep increase in the level of debt on the country. According to International Monetary Fund (IMF), the current debt level on the country is about 98.5% of its GDP, thus pushing the country into deep economic crisis.

Key Highlights
In 2012, defense expenditure was US$3.81 billion, and throughout the review period this declined at a CAGR of -4.3%. During the forecast period defense expenditure is expected to register a CAGR of 2.4%, and to reach a value of US$4.39 billion. Cumulative defense expenditure during the forecast period is expected to be US$20.74 billion, of which, US$15.82 billion will be spent on personnel and operations, and the remaining US$4.92 billion on equipment and infrastructure.

The Belgian homeland security budget, which is represented by the police budget, declined during the review period and registered a CAGR of -1.19%. During the forecast period, this is likely to rise, with a predicted CAGR of 2.99%. This is primarily due to the increase the crime rate and the unstable political conditions, making it imperative for the country to enhance its defense capabilities.

During the period 2007-2011, Belgian defense imports grew significantly, particularly in the years 2007 and 2008. However, from 2009, defense imports began to decline due to the global recession and European debt crisis, which meant the government, had to reduce its defense budget and therefore reduce expenditure on imports. During the forecast period, Belgian defense imports are likely to decrease due to further reductions in the MoD’s defense budget which have been implemented to curb rising public debt and improve the country’s trade balance.

The Belgian Defense Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017

1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Summary Methodology
1.4 SDI Terrorism Index
1.5 About Strategic Defence Intelligence (www.strategicdefenceintelligence.com)
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
3.1 Defense Market Size Historical and Forecast
3.1.1 Defense expenditure expected to register a CAGR of XX% over the forecast period
3.1.2 Peacekeeping operations and the threat of terrorism drives defense spending
3.2 Analysis of Defense Budget Allocation
3.2.1 Majority of defense budget allocated for revenue expenditure
3.2.2 In the forecast period defense expenditure as a percentage of GDP will be XX%
3.2.3 Per capita defense spend to increase during the forecast period
3.2.4 Share of equipment expenditure in capital expenditure budget to increase during the forecast period
3.2.5 Increase in equipment expenditure likely during the forecast period
3.2.6 Budget allocation for other capital expenditure to register a CAGR of XX% during the forecast period
3.2.7 Share of personnel expenditure in revenue budget to rise during the forecast period
3.2.8 Personnel expenditure to decline and register a CAGR of XX% during the forecast period
3.2.9 Operations and other expenditure to register a CAGR of XX% during the forecast period
3.3 Homeland Security Market Size and Forecast
3.3.1 Homeland security budget to rise during the forecast period
3.3.2 Linguistic conflicts, drug trafficking, cyber security and money laundering are main homeland security concerns
3.3.3 Belgium experienced low terror activity during the review period
3.4 Benchmarking with Key Global Markets
3.4.1 Belgium's defense budget to marginally improve during the forecast period
3.4.2 Belgian military expenditure is limited compared to other countries
3.4.3 Belgium allocates a lower percentage of GDP towards defense compared to other NATO members
3.4.4 Belgium ranked eighteenth among leading arms exporting countries in 2011
3.5 Market Opportunities: Key Trends and Growth Stimulators
3.5.1 Increasing demand for Seastar and Gatekeeper sensors
3.5.2 Enhancing Earth Observation (EO) capabilities will provide market opportunities
3.5.3 Demand for Networked Multi-Robot Systems expected
3.5.4 NH90 helicopter program will provide business opportunities
3.5.5 Demand for remote weapon stations, military vehicles and ships to increase
4 Defense Procurement Market Dynamics
4.1 Import Market Dynamics
4.1.1 Defense imports expected to decrease during 2012-2017
4.1.2 During 2007-2011, the majority of imports were from Netherlands
4.1.3 Ships and armored vehicles constitute the majority of Belgium's arms imports
4.2 Export Market Dynamics
4.2.1 Defense exports fluctuated widely during 2007-2011
4.2.2 Jordan, Bulgaria and Morocco are the largest importers of Belgium arms
4.2.3 Aircraft, ships and armored vehicles account for the majority of exports
5 Industry Dynamics
5.1.1 Bargaining power of supplier: low to medium
5.1.2 Bargaining power of buyer: high
5.1.3 Barrier to entry: medium
5.1.4 Intensity of rivalry: low to high
5.1.5 Threat of substitution: low to medium
6 Market Entry Strategy
6.1 Market Regulation
6.1.1 Offset policy aids development of domestic defense industry
6.1.2 Belgium permits 100% FDI in defense industry
6.2 Market Entry Route
6.2.1 Joint weapons development program, a viable market entry route
6.2.2 Subsidiaries provide market entry opportunities
6.2.3 Acquisition of domestic companies enables entrance to market
6.3 Key Challenges
6.3.1 Defense budget cuts will impact negatively on defense companies
6.3.2 Preference to EU companies poses a challenge for non-European companies
6.3.3 Instability in the political scenario poses a challenge to the Belgian defense industry
7 Competitive Landscape and Strategic Insights
7.1 Competitive Landscape Overview
7.2 Key Domestic Companies
7.2.1 FN Herstal: overview
7.2.2 FN Herstal: products and services
7.2.3 FN Herstal: recent announcements and strategic initiatives
7.2.4 FN Herstal: alliances
7.2.5 FN Herstal: recent contract wins
7.2.6 Sonaca SA: overview
7.2.7 Sonaca SA: products and services
7.2.8 Sonaca SA: recent announcements and strategic initiatives
7.2.9 Sonaca SA: alliances
7.2.10 Sonaca SA: recent contract wins
7.2.11 Sonaca SA: financial analysis
7.2.12 Cockerill Maintenance and Ingénierie SA: overview
7.2.13 Cockerill Maintenance and Ingénierie SA: products and services
7.2.14 Cockerill Maintenance and Ingénierie SA: recent announcements and strategic initiatives
7.2.15 Cockerill Maintenance and Ingénierie SA: alliances
7.2.16 Cockerill Maintenance and Ingénierie SA: recent contract wins
7.2.17 Cockerill Maintenance and Ingénierie SA: financial analysis
7.2.18 SABCA Group: overview
7.2.19 SABCA Group: products and services
7.2.20 SABCA Group: recent announcements and strategic initiatives
7.2.21 SABCA Group: alliances
7.2.22 SABCA Group: recent contract wins
7.2.23 SABCA Group: financial analysis
7.2.24 Barco: overview
7.2.25 Barco: products and services
7.2.26 Barco: recent announcements and strategic initiatives
7.2.27 Barco: alliances
7.2.28 Barco: recent contract wins
7.2.29 Barco: financial analysis
7.2.30 Asco Industries: overview
7.2.31 Asco Industries: products/services
7.2.32 Asco Industries: alliances
7.2.33 Asco Industries: recent contract wins
7.3 Key Foreign Companies
7.3.1 Mecar SA: overview
7.3.2 Mecar SA: products and services
7.3.3 Mecar SA: recent announcements and strategic initiatives
7.3.4 Mecar SA: alliances
7.3.5 Mecar SA: recent contract wins
7.3.6 Alcatel-Lucent Belgium: overview
7.3.7 Alcatel-Lucent Belgium: products and services
7.3.8 Alcatel-Lucent Belgium: recent announcements and strategic initiatives
7.3.9 Alcatel-Lucent Belgium: financial analysis
7.3.10 Thales Belgium: overview
7.3.11 Thales Belgium: products and services
7.3.12 Thales Belgium: recent announcements and strategic initiatives
7.3.13 Thales Belgium: alliances
7.3.14 Thales Belgium: recent contract wins
7.3.15 Northrop Grumman Belgium: overview
7.3.16 Northrop Grumman Belgium: products and services
7.3.17 Northrop Grumman Belgium: recent announcements and strategic initiatives
7.3.18 Northrop Grumman Belgium: recent contract wins
8 Business Environment and Country Risk
8.1 Demographics and Social Statistics
8.1.1 Population - Female
8.1.2 Population - Male
8.2 Economic Performance
8.2.1 Construction Output, Current Prices, Local Currency
8.2.2 Construction Output, Current Prices, US Dollars
8.2.3 Current Account Balance as Percentage of GDP
8.2.4 Exports of Goods and Services, current prices
8.2.5 Exports of services, local currency
8.2.6 Fiscal Balance as a percentage of GDP
8.2.7 Foreign Direct Investment
8.2.8 GDP at Purchasing Power Parity
8.2.9 GDP, Constant Prices (Local Currency)
8.2.10 GDP, Constant Prices (US$ billion)
8.2.11 GDP, Current Prices (Local Currency)
8.2.12 GDP, Current Prices (US$ billion)
8.2.13 General Government Final Consumption Expenditure
8.2.14 Gross Fixed Capital Formation, Current Prices
8.2.15 Imports of goods and services
8.2.16 Import of Services
8.2.17 Inflation, average consumer prices
8.2.18 Interest rate (Lending)
8.2.19 Manufacturing Output, Current Prices (Local Currency Bn)
8.2.20 Manufacturing Output, Current Prices (US$ Billions)
8.2.21 Wholesale Price Index
8.3 Energy and Utilities
8.3.1 Crude Oil Distillation Capacity
8.3.2 Electricity Exports
8.3.3 Electricity Imports
8.3.4 Electricity Installed Capacity
8.3.5 Hydroelectricity Installed Capacity
8.3.6 Natural Gas Consumption
8.3.7 Natural Gas Imports
8.3.8 Net Conventional Thermal Electricity Generation
8.3.9 Net Geothermal, Solar, Wind, and Wood Electric Power Generation
8.3.10 Net Hydroelectric Power Generation
8.3.11 Nuclear Electricity Net Generation
8.3.12 Petroleum, Consumption
8.3.13 Petroleum, Production
8.4 Labour
8.4.1 People Employed in R and D
8.5 Minerals
8.5.1 Coal Consumption
8.6 Social and Political Risk
8.6.1 Political Stability Index
8.6.2 Transparency Index
8.7 Technology
8.7.1 Fixed Broadband Internet Subscribers
8.7.2 Gross Domestic Expenditure on Research and Development as Percentage of GDP
8.7.3 Investment in Telecommunication
8.7.4 Patents Granted
8.7.5 Fixed Line Calling Cost Local
8.7.6 Fixed Line Calling Cost National
9 Appendix
9.1 Contact Us
9.2 About SDI
9.3 Disclaimer
Table 1: Belgian Defense Expenditure (US$ Billion), 2008-2012
Table 2: Belgian Defense Expenditure (US$ Billion), 2013-2017
Table 3: Belgian Defense Budget Split between Capital and Revenue Expenditure (%), 2008-2012
Table 4: Belgian Defense Budget Split between Capital and Revenue Expenditure (%), 2013-2017
Table 5: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP, 2008-2012
Table 6: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP, 2013-2017
Table 7: Belgian Per Capita Defense Spend (US$), 2008-2012
Table 8: Belgian Per Capita Defense Spend (US$), 2013-2017
Table 9: Belgian Capital Budget Allocations (%), 2008-2012
Table 10: Belgian Capital Budget Allocations (%), 2013-2017
Table 11: Belgian Equipment Expenditure (US$ Billion), 2008-2012
Table 12: Belgian Equipment Expenditure (US$ Billion), 2013-2017
Table 13: Belgian Other Capital Expenditure (US$ Billion), 2008-2012
Table 14: Belgian Other Capital Expenditure (US$ Billion), 2013-2017
Table 15: Belgian Revenue Budget Allocation (%), 2008-2012
Table 16: Belgian Revenue Budget Allocation (%), 2013-2017
Table 17: Belgian Personnel Expenditure (US$ Billions), 2008-2012
Table 18: Belgian Personnel Expenditure (US$ Billions), 2013-2017
Table 19: Belgian Operations and Other Expenditure (US$ Billions), 2008-2012
Table 20: Belgian Operations and Other Expenditure (US$ Billions), 2013-2017
Table 21: Belgian Homeland Security Expenditure (US$ Billion), 2008-2012
Table 22: Belgian Homeland Security Expenditure (US$ Billion), 2013-2017
Table 23: SDI Terrorism Index
Table 24: Benchmarking with Key Markets - 2008-2012 vs. 2013-2017
Table 25: Benchmarking with World's Largest Defense Spenders - 2012 and 2017
Table 26: Top Country Ranking by Value of Arms Imports, 2011*
Table 27: Offset Regulations in Belgium
Table 28: Belgian Participation in International Defense Development Programs
Table 29: FN Herstal - Product Focus
Table 30: FN Herstal - Alliances
Table 31: FN Herstal - Recent Contract Wins
Table 32: Sonaca SA - Product Focus
Table 33: Sonaca SA - Alliances
Table 34: Sonaca SA - Recent Contract Wins
Table 35: Cockerill Maintenance and Ingénierie SA - Product Focus
Table 36: Cockerill Maintenance and Ingénierie S.A. - Alliances
Table 37: Cockerill Maintenance and Ingénierie SA - Recent Contract Wins
Table 38: SABCA Group - Product Focus
Table 39: SABCA Group - Alliances
Table 40: SABCA Group - Recent Contract Wins
Table 41: Barco - Product Focus
Table 42: Barco - Alliances
Table 43: Barco - Recent Contract Wins
Table 44: Asco Industries - Product Focus
Table 45: Asco Industries - Alliances
Table 46: Asco Industries: Recent Contract Wins
Table 47: Mecar SA - Product Focus
Table 48: Mecar SA - Alliances
Table 49: Mecar SA - Recent Contract Wins
Table 50: Alcatel-Lucent Belgium - Product Focus
Table 51: Thales Belgium - Product Focus
Table 52: Thales Belgium - Alliances
Table 53: Thales Belgium - Recent Contract Wins
Table 54: Northrop Grumman Belgium - Product Focus
Table 55: Northrop Grumman Belgium - Recent Contract Wins
Figure 1: Belgian Defense Expenditure (US$ Billion), 2008-2012
Figure 2: Belgian Defense Expenditure (US$ Billion), 2013-2017
Figure 3: Belgian Defense Budget Split between Capital and Revenue Expenditure (%), 2008-2012
Figure 4: Belgian Defense Budget Split between Capital and Revenue Expenditure (%), 2013-2017
Figure 5: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP, 2008-2012
Figure 6: Belgian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP, 2013-2017
Figure 7: Belgian Per Capita Defense Spend (US$), 2008-2012
Figure 8: Belgian Per Capita Defense Spend (US$), 2013-2017
Figure 9: Belgian Capital Budget Allocations (%), 2008-2012
Figure 10: Belgian Capital Budget Allocations (%), 2013-2017
Figure 11: Belgian Equipment Expenditure (US$ Billion), 2008-2012
Figure 12: Belgian Equipment Expenditure (US$ Billion), 2013-2017
Figure 13: Belgian Other Capital Expenditure (US$ Billion), 2008-2012
Figure 14: Belgian Other Capital Expenditure (US$ Billion), 2013-2017
Figure 15: Belgian Revenue Budget Allocation (%), 2008-2012
Figure 16: Belgian Revenue Budget Allocation (%), 2013-2017
Figure 17: Belgian Personnel Expenditure (US$ Billions), 2008-2012
Figure 18: Belgian Personnel Expenditure (US$ Billions), 2013-2017
Figure 19: Belgian Operations and Other Expenditure (US$ Billions), 2008-2012
Figure 20: Belgian Operations and Other Expenditure (US$ Billions), 2013-2017
Figure 21: Belgian Homeland Security Expenditure (US$ Billion), 2008-2012
Figure 22: Belgian Homeland Security Expenditure (US$ Billion), 2013-2017
Figure 23: SDI Terrorism Index, 2011
Figure 24: SDI Terrorism Heat Map, 2011
Figure 25: Benchmarking with Key Markets - 2008-2012 vs. 2013-2017
Figure 26: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2012 and 2017
Figure 27: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2012
Figure 28: Belgian Defense Import Trend, 2007-2011 (TIV values)
Figure 29: Belgian Defense Imports by Country (%), 2007-2011
Figure 30: Belgian Defense Imports by Category (%), 2007-2011
Figure 31: Belgian Defense Export Trend, 2007-2011 (TIV values)
Figure 32: Belgian Defense Exports by Country (%), 2007-2011
Figure 33: Belgian Defense Exports by Category (%), 2007-2011
Figure 34: Industry Dynamics - Porter's Five Forces Analysis
Figure 35: Sonaca SA - Revenue Trend Analysis (Euro million), 2007-2011
Figure 36: Sonaca SA - Operating Profit Trend Analysis (Euro million), 2007-2011
Figure 37: Cockerill Maintenance and Ingénierie S.A. - Revenue Trend Analysis (EUR Million), 2007-2011
Figure 38: Cockerill Maintenance and Ingénierie S.A. - Operating Profit Trend Analysis (EUR Million), 2007-2011
Figure 39: SABCA Group - Revenue Trend Analysis (EUR million), 2007-2011
Figure 40: SABCA Group - Net Profit Trend Analysis (EUR million), 2007-2011
Figure 41: SABCA Group - Operating Profit Trend Analysis (EUR million), 2007-2011
Figure 42: Barco - Revenue Trend Analysis (EUR billion), 2007-2011
Figure 43: Barco - Operating Profit Trend Analysis (EUR million), 2007-2011
Figure 44: Barco - Net Profit Trend Analysis (EUR million), 2007-2011
Figure 45: Alcatel-Lucent - Revenue Trend Analysis (EUR billion), 2007-2011
Figure 46: Alcatel-Lucent - Operating Profit Trend Analysis (EUR million), 2007-2011
Figure 47: Alcatel-Lucent - Net Profit Trend Analysis (EUR million), 2007-2011
Figure 48: Belgian Population - Female (Millions), 2008-2017
Figure 49: Belgian Population - Male (Millions), 2008-2017
Figure 50: Belgian Construction Output, Current Prices, Local Currency (Billions), 2001-2010
Figure 51: Belgian Construction Output, Current Prices (US $ Billions), 2001-2010
Figure 52: Belgian Current Account Balance as Percentage of GDP, 2008-2017
Figure 53: Belgian Exports of Goods and Services, Current Prices (US$ Billion), 2001- 2010
Figure 54: Belgian Exports of Services, Local Currency (Billion), 2003- 2012
Figure 55: Belgian Fiscal Balance as a percentage of GDP, 2001-2009
Figure 56: Belgian Foreign Direct Investment (US$ Billion), 2002-2010
Figure 57: Belgian GDP at Purchasing Power Parity (US$ Billion), 2006-2015
Figure 58: Belgian GDP at Constant Prices (Local Currency Billion), 2006-2015
Figure 59: Belgian GDP at Constant Prices (US$ Billion), 2006-2015
Figure 60: Belgian GDP at Current Prices (Local Currency Billion), 2006-2015
Figure 61: Belgian GDP at Current Prices (US$ Billion), 2006-2015
Figure 62: Belgian General Government Final Consumption Expenditure (US$ Billion), 2001-2010
Figure 63: Belgian Gross Fixed Capital Formation, Current Prices (US$ Billion), 2001-2010
Figure 64: Belgian Imports of Goods and Services (Current US$ Billion), 2001-2010
Figure 65: Belgian Import of Services, Local Currency (Billion), 2001-2010
Figure 66: Belgian Inflation, average consumer prices, 2008-2017
Figure 67: Belgian Interest Rate (Lending), 2001-2010
Figure 68: Belgian Manufacturing Output, Current Prices (Local Currency Billion), 2001-2010
Figure 69: Belgian Manufacturing Output, Current Prices (US$ Billion), 2001-2010
Figure 70: Belgian Wholesale Price Index, 2000-2009
Figure 71: Belgian Crude Oil Distillation Capacity (Thousand Barrel Per Day), 2000-2009
Figure 72: Belgian Electricity Exports (Billion Kilowatt Hours), 2001-2010
Figure 73: Belgian Electricity Imports (Billion Kilowatt Hours), 2001-2010
Figure 74: Belgian Electricity Installed Capacity (Million Kilowatts), 2000-2009
Figure 75: Belgian Hydroelectricity Installed Capacity (Million Kilowatts), 2000-2009
Figure 76: Belgian Natural Gas Consumption (Billion Cubic Feet), 2001-2010
Figure 77: Belgian Natural Gas Imports (Billion Cubic Feet), 2001-2010
Figure 78: Belgian Net Conventional Thermal Electricity Generation (Billion Kilowatt hours), 2001-2010
Figure 79: Belgian Net Geothermal, Solar, Wind, and Wood Electric Power Generation (Billion Kilowatt hours), 2001-2010
Figure 80: Belgian Net Hydroelectric Power Generation (Billion Kilowatt hours), 2001-2010
Figure 81: Belgian Nuclear Electricity Net Generation (Billion Kilowatt hours), 2001-2010
Figure 82: Belgian Petroleum Consumption (Thousand Barrels Per Day), 2002-2011
Figure 83: Belgian Petroleum Production (Thousand Barrels Per Day), 2002-2011
Figure 84: Belgian People Employed in R and D (Number of Researchers Per Million People), 2000-2009
Figure 85: Belgian Coal Consumption (Thousand Short Tons), 2001-2010
Figure 86: Belgian Political Stability Index, 2002-2010
Figure 87: Belgian Transparency Index, 2002-2011
Figure 88: Belgian Fixed Broadband Internet Subscribers (Thousands), 2001-2010
Figure 89: Gross Domestic Expenditure on Research and Development as % of GDP, 2000-2009
Figure 90: Investment in Telecommunication, 2000-2009
Figure 91: Patents Granted, 2002-2011
Figure 92: Fixed Line Calling Cost Local, 2001-2010
Figure 93: Fixed Line Calling Cost National, 2001-2010

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    Published: 21-Aug-2014        Price: US $4450 Onwards        Pages: 470
    4.2 % CAGR, 48 Submarkets, Cumulative 2014-2020 EDS & BHS market $24BHomeland Security Research Corporation analysts forecast a comeback for the Explosive Detection Systems (EDS) & Baggage Handling Systems (BHS) industry, generating a refreshing 4.2% CAGR for the 2014-2020 period. The growth will be boosted by 5 main drivers:The expansion of the Asia Pacific aviation security markets The replacement of outdated EDS systems Expansion of new baggage handling systems facilities......
  • United Arab Emirates Defence and Security Report Q4 2014
    Published: 20-Aug-2014        Price: US $1295 Onwards        Pages: 77
    BMI View: The UAE continues to scale up its defence equipment procurement and its own initiates to establish itself as a regional hub in terms of defence equipment manufacturing. A key focus for the sector in the country has been diversification - in terms of trying to procure defence equipment from a diverse range of markets (chief among them being the US, the UK, France and Italy) in terms of trying to export its own manufacturing to a wider audience (primarily currently other markets in the M......
  • Brazil Defence and Security Report Q4 2014
    Published: 20-Aug-2014        Price: US $1295 Onwards        Pages: 78
    BMI View: With the FIFA World Cup fast approaching, Brazil is making the final preparations for what will be the largest security operation ever undertaken on Brazilian soil. The security operation will involve 170,000 personnel from the police, military and secret service. With the international spotlight focused on Brazil it is no surprise that such substantial investment is being made to ensure a smooth and safe tournament. In many ways Brazil's World Cup is seen as means through which Brazil......
  • Bulgaria Defence and Security Report Q4 2014
    Published: 20-Aug-2014        Price: US $1295 Onwards        Pages: 57
    BMI View: Bulgarian defence spending has fluctuated in recent years while broadly maintaining a downward trend. In 2014 we expect the country to spend around USD620mn on defence, down from USD670mn in 2011 and USD601mn in 2012. However, in 2013 the defence budget rose to USD631mn, and although we see a drop in 2014, over the rest of the forecast period the defence budget will rise, reaching USD721mn in 2018. BMI's Bulgaria Defence & Security Report for Q414 provides a detailed examination of the......
  • Indonesia Defence and Security Report Q4 2014
    Published: 20-Aug-2014        Price: US $1295 Onwards        Pages: 76
    BMI View: Indonesia benefits from a substantial size advantage over its neighbours, although the relevance of this has declined as the South East Asian region continues to display considerable stability. The success of ASEAN has fostered a diplomatic rationality, with only a handful of relatively minor confrontations enduring, most notably a Sino-Philippine dispute over a number of minor islands. In spite of this, Indonesian military modernisation will continue, despite the greatest threats to I......
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