France Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028

France Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028

Summary

France Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

France’s defense budget is forecast to grow from $47.1 billion in 2022 up to $52.0 billion in 2023 and $57.6 billion in 2028. This trend is reflected in the small but steady annual increases to the defense budget since 2019, as the French government continues to ramp up spending to meet the strategic objectives and modernization requirements outlined in the Military Planning Law 2019–25. Nonetheless, the budget’s annual growth rate is likely to slow over the coming years, with current forecasts estimating a CAGR of 2.0% between 2024 and 2028, compared to a CAGR of 7.1% between 2019 and 2023.

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Key Highlights

• The current defense budget stands at $52.0 billion and is forecast to reach $57.6 billion in 2028. This equates to a positive CAGR of 2.0%. - Following the adoption of the Loi de Programmation Militaire (Military Planning Law) 2019–25 budgeting program in 2018, France has been incrementally increasing its defense spending as part of a wider effort to modernize and upgrade the platforms and equipment employed by the various branches of the armed forces, particularly the French Army.
• Major ongoing procurement programs include procurement of third generation nuclear-powered ballistic missile submarines SNLE 3G, Rafale-F4 fighters and H160M third generation nuclear-powered ballistic missile submarines.

Scope

This report offers detailed analysis of France defense market 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 -

• France defense budget: detailed analysis of France 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of France military doctrine and strategy to provide a comprehensive overview of France military procurement regulation.
• Security Environment: political alliances and perceived security threats to France are examined; there help to explain trends in spending and modernisation.
• Competitive landscape and strategic insights: analysis of the competitive landscape of France's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the French defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the French market and identify the opportunities offered.
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the France defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the France government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available