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ENHANCING GLOBAL COMPETITIVENESS — ANNUAL REVIEW 2013MARKETS & PERSPECTIVES —
In Europe, major civil space programmes are led by the
European Space Agency (ESA). The total ESA budget set for
2014 amounts to € 4.1 billion (2013: € 4.3 billion). Major
programmes to benet from the ESA budget in 2014 include
Earth Observation with € 915.9 million (2013: € 982.5 million),
Navigation with € 630.2 million (2013: € 708.8 million), Launchers
with € 617.4 million (2013: € 684.1 million) and Scientic
Programmes with € 506.5 million (2013: € 507.9 million).
Key decisions on Europe’s role in scientic exploration and
the future of European launchers are expected to be made
at the ESA Ministerial Council meeting in December 2014.
BUDGET CONSTRAINTS WEIGH
ON MILITARY HELICOPTER ORDERS
The nancial crisis and public spending constraints in the advanced
economies have weighed on helicopter sales. While sales in the
civil area have begun to recover, military sales in the US and
Western Europe are expected to remain depressed in the near
to mid-term after signicant increases in the previous ten years.
Teal Group forecasts civil and military rotorcraft operators will
require 16,126 new helicopters worth US$ 193.1 billion over
the next ten years. In value terms, military helicopters account
for by far the largest share of the market.
The 10-year forecast projects a civil and parapublic market for
10,308 helicopters worth $ 60.3 billion, and a military market
for 5,818 helicopters worth $ 132.8 billion through 2022.
NH90
9%
16%
9%
7%
8%
10%
38%
OPERATIONAL SATELLITES
by function (as of 2012)
Commercial Communications
Government Communications
Remote Sensing
R&D
Space Science
Military Surveillance
Navigation
Meteorology
Source: Tauri Group database of spacecraft and launch activities.
FRAGMENTATION OF DEFENCE MARKET
by aircraft equipment in Europe
(1) Tactical, mini, micro, others.
Source: McKinsey analysis, April 2013.
> 5
3-5
1- 2
UAV (others(1))
Missiles - all types
Fighter
UAV - HALE/MALE
Special mission A/C
Multirole helicopters
Turboprop trainers
Attack helicopters
Transport/tanker aircraft
Light attack/jet trainers
UAV - UCAV
9
14
4
3
3
2
2
2
1
4
6
Number of
competitors
by equipment
category
3%
35
Commercial activities drove growth in the space sector in 2013