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RnRMarketResearch.com adds Defense Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017 for Mexican & Belgian to its store.
Dallas, Texas (PRWEB) December 07, 2012
These extensive markets and company research report covering the Mexican & Belgian defense industry, and 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 these reports written?
The Mexican & 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 Mexican defense industry.
Key Features and Benefits
These report provides detailed analysis of the current industry size and growth expectations from 2013to 2017, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
These reports include trend analysis of imports and exports, together with their implications and impact on the Belgian & Mexican defense industry.
These report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
Key Market Issues for Mexican Defense Industry
Corruption is rampant in the Mexican armed forces, specifically in the army. There is increasing evidence of the expanding role of the Mexican military in the drug war and it is suspected that arms procured by the army are passed to the drug cartels, which use the arms to enhance their drug trade. There is also concern that US aid to Mexico US$1.4 billion has been pledged to help Mexico reduce drug trafficking could be used for criminal activity or for personal gain by top military officials. Moreover, there is lack of transparency in defense contracts awarded to international suppliers, with the government classifying most defense procurements as top secret. Overall, corruption and a lack of transparency hinder the growth of Mexico’s defense industry.
As the Mexican defense industry comprises only state-owned companies with little specialization in weapon categories, the resulting lack of advanced defense technology means that foreign weapon suppliers that intend to conduct business in Mexico face infrastructure challenges. Although foreign suppliers can bring advanced technology to Mexico, this results in technology imports without offset incentives as the defense offset terms are not clearly defined by the Mexican MoD; consequently, foreign suppliers find it challenging to pursue a defense opportunity in Mexico.
Offset obligation provides an opportunity for the development of domestic infrastructural and technological capabilities; however, Mexico has not disclosed any offset obligations imposed for its arms procurement, which is partially responsible for the lack of development in the domestic defense industry. Lately, in March 2009, its first major offset agreement was signed between Mexico and France, in which, with the purchase of six EC 725 multipurpose helicopters worth US$300 million from Eurocopter, the French company set up an assembly facility in Mexico worth US$500 million, which will help Mexico to develop its aeronautical capabilities. During the forecast period, the country is also expected to give preference to arms exporters that provide technology transfers to offset equipment imports.
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Key Market Issues for Belgian Defense Industry
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.
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