Market Environment

The global Aerospace, Defence and Security market, as a whole, shows a positive trend with

annual average growth rates that are in the region of 3.2% in the next decade. The short-term

scenario is one in which defence expenditure budgets are expected to rise (+1.4% between

2017 and 2020, with an average annual value higher than €bil. 1,500), mainly supported by

some countries such as Saudi Arabia, China, South Korea and India










  • Defence spending expected to grow 3% 
  • Italy expected to decline and internationalisation is key 
  • Fastest growth in new markets (i.e. China, India, Middle East) 



Specific opportunities:

  • European Defence Fund
  • Potential acceleration of US defence spending
  • Under spend of NATO countries