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 Greece expected to invest US$XX billion in defense over the forecast period
3.1.2 Territorial dispute with Turkey coupled with modernization and the upgrade of existing systems to drive defense expenditure
3.2 Analysis of Defense Budget Allocation
3.2.1 Capital expenditure share in the defense budget to increase over the next five years
3.2.2 Capital expenditure allocation for the army and air force expected to be strong
3.2.3 Procurement of fighter and trainer jets expected to drive air force capital expenditure
3.2.4 Hellenic Army capital expenditure allocation is the highest
3.2.5 Procurement of maritime patrol aircraft to drive naval capital expenditure
3.3 Homeland Security Market Size and Forecast
3.3.1 Homeland security market valued at US$XX billion in 2012
3.3.2 Biometric identification systems predicted to drive homeland security procurements
3.3.3 Threat of terrorism in Greece considered moderate
3.4 Benchmarking with Key Global Markets
3.4.1 Greek defense expenditure is small in comparison to its procurement level and is expected to decline over the forecast period
3.4.2 As a percentage of GDP, Greek defense expenditure is the highest among EU nations
3.4.3 Greece faces a moderate level of terrorist threat
3.5 Market Opportunities: Key Trends and Growth Stimulators
3.5.1 Armored vehicles procurement to increase land-based defense
3.5.2 Procurement of submarines and maritime patrol aircraft to drive naval defense
3.5.3 The procurement and modernization of fighter jets predicted to enhance air defense
3.5.4 Demand for small diameter bombs and guided bomb kits set to increase by XX
4 Defense Procurement Market Dynamics
4.1 Import Market Dynamics
4.1.1 Greece is the fifth-largest defense importer globally
4.1.2 Aircraft and armored vehicles constitute the majority of Greek defense imports
4.1.3 Germany emerged as the leading arms supplier to Greece
4.2 Export Market Dynamics
4.2.1 Greece has negligible arms exports
5 Industry Dynamics
5.1 Five Forces Analysis
5.1.1 Bargaining power of supplier: low
5.1.2 Bargaining power of buyer: high
5.1.3 Barrier to entry: low
5.1.4 Intensity of rivalry: low to medium
5.1.5 Threat of substitution: medium
6 Market Entry Strategy
6.1 Market Regulation
6.1.1 Offset obligations are attached to all defense deals
6.1.2 European Defense Agency promote defense procurements within EU
6.2 Market Entry Route
6.2.1 Foreign OEMs enter the market through collaboration with domestic defense firms
6.3 Key Challenges
6.3.1 Economic crisis will affect current and future procurements
6.3.2 IMF and EU regulations on Greek defense expenditure to limit Greece’s flexibility in military maintenance
7 Competitive Landscape and Strategic Insights
7.1 Competitive Landscape Overview
7.2 Key Domestic Companies
7.2.1 Hellenic Aerospace Industry: overview
7.2.2 Hellenic Aerospace Industry: product focus
7.2.3 Hellenic Aerospace Industry: recent announcements and strategic initiatives
7.2.4 Hellenic Aerospace Industry: alliances
7.2.5 Hellenic Aerospace Industry: recent contract wins
7.2.6 Hellenic Defence Systems S.A: overview
7.2.7 Hellenic Defence Systems S.A: product focus
7.2.8 Hellenic Defence Systems S.A: recent announcements and strategic initiatives
7.2.9 Hellenic Defence Systems S.A: recent contract wins
7.3 Key Private Sector Companies
7.3.1 ISI Hellas: overview
7.3.2 ISI Hellas: product focus
7.3.3 ISI Hellas: recent announcements and strategic initiatives
7.3.4 ISI Hellas: recent contract wins
7.3.5 Hellenic Shipyards S.A: overview
7.3.6 Hellenic Shipyards S.A: product focus
7.3.7 Hellenic Shipyards S.A: recent announcements and strategic initiatives
7.3.8 Hellenic Shipyards S.A: recent contract wins
7.3.9 SSMART S.A: overview
7.3.10 SSMART S.A: product focus
7.3.11 SSMART S.A: alliances
7.3.12 Signaal Hellas: overview
7.3.13 Signaal Hellas: product focus
7.3.14 Signaal Hellas: alliances
7.3.15 Theon Sensors: overview
7.3.16 Theon Sensors: product focus
7.3.17 Theon Sensors: recent announcements and strategic initiatives
7.3.18 Theon Sensors: recent contract wins
7.3.19 EADS 3 SIGMA: overview
7.3.20 EADS 3 SIGMA: product focus
7.3.21 Ordtech Military Industries: overview
7.3.22 Ordtech Military Industries: product focus
7.3.23 Intracom Defense Electronics: overview
7.3.24 Intracom Defense Electronics: product focus
7.3.25 Intracom Defense Electronics: recent announcements and strategic initiatives
7.3.26 Intracom Defense Electronics: recent contract wins
7.3.27 Intracom Defense Electronics: financial analysis
7.3.28 Hellenic Vehicle Industry S.A: overview
7.3.29 Hellenic Vehicle Industry S.A: product focus
7.3.30 Hellenic Vehicle Industry S.A: recent announcements and strategic initiatives
7.3.31 Hellenic Vehicle Industry S.A: recent contract wins
7.3.32 Hellenic Vehicle Industry S.A: financial analysis
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 Business Confidence index
8.2.2 Construction Output, Current Prices, Local Currency
8.2.3 Construction Output, Current Prices, US Dollars
8.2.4 Current Account Balance as Percentage of GDP
8.2.5 Exports of goods and services, current prices
8.2.6 Exports of services, local currency
8.2.7 Fiscal Balance as a percentage of GDP
8.2.8 Foreign Direct Investment
8.2.9 GDP at Purchasing Power Parity
8.2.10 GDP, Constant Prices (Local Currency)
8.2.11 GDP, Constant Prices (US$)
8.2.12 GDP, Current Prices (Local Currency)
8.2.13 GDP, Current Prices (US$)
8.2.14 General Government Final Consumption Expenditure
8.2.15 Gross Fixed Capital Formation, Current Prices
8.2.16 Imports of goods and services
8.2.17 Imports of services, local currency
8.2.18 Inflation, average consumer prices
8.2.19 Manufacturing Output, Current Prices (Local Currency Bn)
8.2.20 Manufacturing Output, Current Prices (US$ Billions)
8.2.21 US$- Exchange Rate (EoP)
8.2.22 Wholesale Price Index
8.3 Energy and Utilities
8.3.1 Crude Oil Distillation Capacity
8.3.2 Electricity Exports
8.3.3 Electricity Imports
8.3.4 Electricity Installed Capacity
8.3.5 Fossil Fuels Proved natural gas reserves
8.3.6 Fossil Fuels- Proved oil reserves
8.3.7 Hydroelectricity Installed Capacity
8.3.8 Natural Gas Consumption
8.3.9 Natural Gas Imports
8.3.10 Natural Gas Production
8.3.11 Net Conventional Thermal Electricity Generation
8.3.12 Net Geothermal, Solar, Wind, and Wood Electric Power Generation
8.3.13 Net Hydroelectric Power Generation
8.3.14 Petroleum, Consumption
8.3.15 Petroleum, Production
8.4 Minerals
8.4.1 Coal Consumption
8.4.2 Coal Production
8.5 Social and Political Risk
8.5.1 Political Stability Index
8.5.2 Transparency Index
8.6 Technology
8.6.1 Fixed Broadband Internet Subscribers
8.6.2 Investment in Telecommunication
8.6.3 Patents Granted
8.6.4 Fixed line calling cost local
8.6.5 Fixed Line Calling Cost National
9 Appendix
9.1 Contact Us
9.2 About SDI
9.3 Disclaimer
Table 1: Greek Defense Expenditure, 2008-2012
Table 2: Greek Defense Expenditure, 2013-2017
Table 3: Greek GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2008-2012
Table 4: Greek GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2013-2017
Table 5: Greek Defense Budget Split Between Capital and Revenue Expenditure (%), 2008-2012
Table 6: Greek Defense Budget Split Between Capital and Revenue Expenditure (%), 2013-2017
Table 7: Greek Defense Capital Expenditure Breakdown (%), 2008-2012
Table 8: Greek Defense Capital Expenditure Breakdown (%), 2013-2017
Table 9: Hellenic Air Force Capital Expenditure Allocation (US$ Billion), 2008-2012
Table 10: Hellenic Air Force Capital Expenditure Allocation (US$ Billion), 2013-2017
Table 11: Hellenic Army Capital Expenditure Allocation (US$ Billion), 2008-2012
Table 12: Hellenic Army Capital Expenditure Allocation (US$ Billion), 2013-2017
Table 13: Hellenic Navy Capital Expenditure Allocation (US$ Million), 2008-2012
Table 14: Hellenic Navy Capital Expenditure Allocation (US$ Million), 2013-2017
Table 15: Greek Homeland Security Expenditure Allocation (US$ Billion), 2008-2012
Table 16: Greek Homeland Security Expenditure Allocation (US$ Billion), 2013-2017
Table 17: Benchmarking with Key Markets - 2007-2011 vs. 2012-2016
Table 18: SDI Terrorism Index
Table 19: Greek Defense Offset Guidelines
Table 20: Hellenic Aerospace Industry - Product Focus
Table 21: Hellenic Aerospace Industry - Alliances
Table 22: Hellenic Aerospace Industry - Recent Contract Wins
Table 23: Hellenic Defence Systems S.A - Product Focus
Table 24: Hellenic Defence Systems S.A - Recent Contract Wins
Table 25: ISI Hellas - product focus
Table 26: ISI Hellas - Recent Contract Wins
Table 27: Hellenic Shipyards S.A - Product Focus
Table 28: Hellenic Defence Systems S.A - Recent Contract Wins
Table 29: SSMART S.A - Product Focus
Table 30: SSMART S.A - Alliances
Table 31: Signaal Hellas - product focus
Table 32: Signaal Hellas - Alliances
Table 33: Theon Sensors - product focus
Table 34: Theon Sensors - Recent Contract Wins
Table 35: EADS 3 SIGMA - product focus
Table 36 Ordtech Military Industries- Product Focus
Table 37: Intracom Defense Electronics - Product Focus
Table 38: Intracom Defense Electronics - Recent Contract Wins
Table 39: Hellenic Vehicle Industry S.A - Product Focus
Table 40: Hellenic Vehicle Industry S.A - Recent Contract Wins
Figure 1: Greek Defense Expenditure, 2008-2012
Figure 2: Greek Defense Expenditure, 2013-2017
Figure 3: Greek GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2008-2012
Figure 4: Greek GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2013-2017
Figure 5:Greek Defense Budget Split Between Capital and Revenue Expenditure (%), 2008-2012
Figure 6: Greek Defense Budget Split Between Capital and Revenue Expenditure (%), 2013-2017
Figure 7: Greek Defense Capital Expenditure Breakdown (%), 2008-2012
Figure 8: Greek Defense Capital Expenditure Breakdown (%), 2013-2017
Figure 9: Hellenic Air Force Capital Expenditure Allocation (US$ Billion), 2008-2012
Figure 10: Hellenic Air Force Capital Expenditure Allocation (US$ Billion), 2013-2017
Figure 11: Hellenic Army Capital Expenditure Allocation (US$ Billion), 2008-2012
Figure 12: Hellenic Army Capital Expenditure Allocation (US$ Billion), 2013-2017
Figure 13: Hellenic Navy Capital Expenditure Allocation (US$ Million), 2008-2012
Figure 14: Hellenic Navy Capital Expenditure Allocation (US$ Million), 2013-2017
Figure 15: Greek Homeland Security Expenditure Allocation (US$ Billion), 2008-2012
Figure 16: Greek Homeland Security Expenditure Allocation (US$ Billion), 2013-2017
Figure 17: SDI Terrorism Heat Map, 2011
Figure 18: SDI Terrorism Index, 2011
Figure 19: Benchmarking with Key Markets - 2007-2011 vs. 2012-2016
Figure 20: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2011 and 2016
Figure 21: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2011
Figure 22: Greek Defense Imports (US$ Million), 2007-2011
Figure 23: Greek Defense Imports by Category (%), 2007-2011
Figure 24: Greek Defense Imports by Supplier (%), 2007-2011
Figure 25: Industry Dynamics - Porter’s Five Forces Analysis
Figure 26: Intracom Defense Electronics - Revenue Trend Analysis (EUR Million) 2007-2010
Figure 27: Intracom Defense Electronics - Operating Profit Trend Analysis (EUR Million), 2007-2010
Figure 28: Intracom Defense Electronics - Net Profit Trend Analysis (EUR Million) 2007-2010
Figure 29: Hellenic Vehicle Industry S.A- Revenue Trend Analysis (EUR Million) 2007-2010
Figure 30: Hellenic Vehicle Industry S.A - Operating Profit Trend Analysis (EUR Million), 2007-2010
Figure 31: Hellenic Vehicle Industry S.A - Net Profit Trend Analysis (EUR Million) 2007-2010
Figure 32: Greek Population - Female (In Millions), 2008-2017
Figure 33: Greek Population - Male (In Millions), 2008-2017
Figure 34: Greek Business Confidence index, 2003-2012
Figure 35: Greek Construction Output, Current Prices, Local Currency (In Billions), 2001-2010
Figure 36: Greek Construction Output, Current Prices, US Dollars (In Billions), 2001-2010
Figure 37: Greek Current Account Balance as Percentage of GDP, 2008-2017
Figure 38: Greek Exports of goods and services, current prices (US$ Billion), 2001- 2010
Figure 39: Greek Exports of services, (Local Currency, Billion), 2003- 2012
Figure 40: Greek Fiscal Balance as a percentage of GDP, 2001-2009
Figure 41: Greek Foreign Direct Investment(US$ Billion), 2001-2010
Figure 42: Greek GDP at Purchasing Power Parity (US$ Billion), 2006-2015
Figure 43: Greek GDP at Constant Prices(Local Currency Billion), 2006-2015
Figure 44: Greek GDP at Constant Prices(US$ Billion), 2006-2015
Figure 45: Greek GDP at Current Prices(Local Currency Billion), 2006-2015
Figure 46: Greek GDP at Current Prices(US$ Billion), 2006-2015
Figure 47: Greek General Government Final Consumption Expenditure (US$ Billion), 2001-2010
Figure 48: Greek Gross Fixed Capital Formation, Current Prices(US$ Billion), 2001-2010
Figure 49: Greek Imports of goods and services (current US$ Billion), 2001-2010
Figure 50: Greek Imports of services (Local Currency Billion), 2003-2012
Figure 51: Greek Inflation, average consumer prices, 2008-2017
Figure 52: Greek Manufacturing Output, Current Prices (Local Currency Billion), 2001-2010
Figure 53: Greek Manufacturing Output, Current Prices (US$ Billion), 2001-2010
Figure 54: Greek US$- Exchange Rate (EoP), 2002-2011
Figure 55: Greek Wholesale Price Index, 2000-2009
Figure 56: Greek Crude Oil Distillation Capacity (Thousand Barrels Per Cal Day), 2000-2009
Figure 57: Greek Electricity Installed Capacity (Billion Kilowatt hours), 2001-2010
Figure 58: Greek Electricity Installed Capacity (Billion Kilowatt hours), 2001-2010
Figure 59: Greek Electricity Installed Capacity (Million Kilowatts), 2000-2009
Figure 60: Greek Fossil Fuels Proved Natural Gas Reserves (Trillion Cubic Feet), 2002-2011
Figure 61: Greek Fossil Fuels Proved Oil Reserves (Billion Barrels), 2002-2011
Figure 62: Greek Hydroelectricity Installed Capacity (Million Kilowatts), 2000-2009
Figure 63: Greek Natural Gas Consumption (Billion Cubic Feet), 2001-2010
Figure 64: Greek Natural Gas Consumption (Billion Cubic Feet), 2001-2010
Figure 65: Greek Natural Gas Production(Billion Cubic Feet), 2001-2010
Figure 66: Greek Net Conventional Thermal Electricity Generation (Billion Kilowatt hours), 2001-2010
Figure 67: Greek Net Geothermal, Solar, Wind, and Wood Electric Power Generation, (Billion Kilowatt hours), 2001-2010
Figure 68: Greek Net Hydroelectric Power Generation(Billion Kilowatt hours), 2001-2010
Figure 69: Greek Petroleum Consumption (Thousand Barrels Per Day), 2002-2011
Figure 70: Greek Petroleum Production (Thousand Barrels Per Day), 2002-2011
Figure 71: Greek Coal Consumption (Thousand Short Tons), 2001-2010
Figure 72: Greek Coal Production (Thousand Short Tons), 2001-2010
Figure 73: Greek Political Stability Index, 2002-2010
Figure 74: Greek Transparency Index, 2002-2011
Figure 75: Greek Fixed Broadband Internet Subscribers (Thousands), 2003-2010
Figure 76: Investment in Telecommunication, 2000-2009
Figure 77: Patents Granted, 2002-2011
Figure 78: Fixed line calling cost local, 2001-2010
Figure 79: Fixed Line Calling Cost National, 2001-2010