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Future of the Irish Defense Industry – Market

Attractiveness, Competitive Landscape and

Forecasts to 2020

Future of the Irish Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020

2

Summary

“Future of the Irish Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to

2020” report offers the reader detailed analysis of the defense budget over the next five years. Alongside it

offers insights into the market opportunities and entry strategies adopted by foreign OEMs (original

equipment manufacturers) to gain a market share in the Irish defense industry.

The report provides detailed analysis of the current industry size and growth expectations during 2016–

2020, including highlights of the key growth stimulators. It also benchmarks the industry against key global

markets and provides detailed understanding of emerging opportunities in specific areas.

Key Findings

The Irish defense budget stands at US$XX billion in 2015, registering a CAGR of -XX% during the historic

period. An increase in defense expenditure is expected during the forecast period, at a CAGR of XX%, to

value US$XX billion in 2020. The country’s defense expenditure will be driven by its participation in

peacekeeping operations, international conflict prevention, and crisis management and providing domestic

security and support. In addition, capital expenditure is expected to register a CAGR of XX% during the

forecast period, to value US$XX million in 2020. On a cumulative basis, the country is estimated to spend

US$XX million over the forecast period on the procurement of defense equipment. In the coming years

demand for equipment is mainly expected to revolve around light tactical armored vehicles, offshore patrol

vessels, and army rifles and related equipment. The majority of the defense budget will be spent on

revenue expenditure, which includes personnel salaries, operational expenses, training, and development.

Key Features and Benefits

The report provides detailed analysis of the Irish defense industry during 2011–2020, including the factors

that influence the military expenditure. It provides detailed expectations of growth rates and projected total

expenditure.

It provides the manufacturers with insights on market opportunities along with industry structure and

dynamics prevalent in the country. In addition, the report focuses on the regulations governing the Irish

defense industry and the potential market entry strategies with an expert analysis of the competitive

structure.


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1. Market Attractiveness and Emerging Opportunities

1.1. Defense Market Size Historical and Forecast

1.1.1. Irish defense expenditure expected to register a CAGR of XX% over the forecast period

In 2015, the Irish government allocated US$XX billion to its total defense budget, recording a CAGR of -XX%

during the historic period. The country’s defense budget was lowest in 2012, due to the austerity measures

imposed to meet out its debt-ridden finances. However, participating in peacekeeping operations and crisis

management and providing domestic security and support to the civil authorities is expected to drive the

defense expenditure over the forecast period. Irish defense expenditure is anticipated to register a CAGR of

XX% over the forecast period to value US$XX billion in 2020.

The following table and figure show the Irish defense expenditure during the historic period:

Table 1: Irish Defense Expenditure ( US$ Billion), 2011–2015

Year Defense expenditure (US$ bn)

Defense growth percentage

2011

2012

2013

2014

2015

CAGR 2011–2015

Source: Ministry of Defense and SDI analysis © SDI

Figure 1: Irish Defense Expenditure (US$ Billion), 2011–2015


-5%

0%

5%

10%

15%

20%

25%

30%

35%

0

1

2

3

4

5

6

2011 2012 2013 2014 2015

Gro

wth

rate

(%)

Def

ense

exp

end

itu

re (U

S$

Bill

ion

)

Defense expenditure (US$ bn) Defense growth percentage


4

The following table and figure show projected defense expenditure of the Irish over the forecast period:

Table 2: Irish Defense Expenditure (US$ Billion), 2016–2020

Year Defense expenditure (US$ bn)

Defense growth percentage

2016

2017

2018

2019

2020

CAGR 2016–2020


Figure 2: Irish Defense Expenditure (US$ Billion), 2016–2020


0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

0

1

2

3

4

5

6

7

2016 2017 2018 2019 2020G

row

th r

ate

(%

)

De

fen

se

ex

pe

nd

itu

re (

US

$ B

illi

on

)

Defense expenditure (US$ bn) Defense growth percentage


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1.2. Analysis of Defense Budget Allocation

1.2.1. Share of capital expenditure expected to increase over forecast period

During 2011–2015, an average of XX% of the country’s total defense budget was allocated to capital

expenditure, while an average of XX% was reserved for revenue expenditure. Moreover, capital expenditure

is estimated to increase at an average of XX% over the forecast period. This is primarily due to the planned

procurement of offshore patrol vessels and light tactical vehicles. The remaining defense budget is allocated

to the revenue expenditure which includes personnel salaries, and the operation and maintenance costs of

equipment and defense facilities.

The following table and chart display the Irish defense budget share of capital and revenue expenditure

during the historic period:

Table 3: Irish Defense Budget Split Between Capital and Revenue Expenditure (%), 2011–2015

Year Capital Expenditure Share Revenue Expenditure Share

2011

2012

2013

2014

2015

Source: Ministry of Defense, Ireland and SDI analysis © SDI

Figure 3: Irish Defense Budget Split Between Capital and Revenue Expenditure (%), 2011–2015


0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2011 2012 2013 2014 2015

Def

ense

Bud

get

Spl

it (%

)

Capital Expenditure Share Revenue Expenditure Share


6

The following table and chart display the Irish defense budget share of capital and revenue expenditure over

the forecast period:

Table 4: Irish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016–2020

Year Capital Expenditure Share Revenue Expenditure Share

2016

2017

2018

2019

2020

Source: Ministry of Defense, Ireland and SDI analysis © SDI

Figure 4: Irish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016–2020


0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2016 2017 2018 2019 2020

Defe

nse B

ud

get

Sp

lit

(%)

Capital Expenditure Share Revenue Expenditure Share


7

2. Industry Dynamics - Porter’s Five Forces Analysis

Figure 4: Industry Dynamics – Porter’s Five Forces Analysis

Source: SDI analysis © SDI

Intensity of Rivalry Bargaining Power of Supplier

Bargaining Power of Buyer

Barrier to Entry

Threat of Substitute


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Report Methodology

SDI’s dedicated research and analysis teams consist of experienced professionals with a background in

industry research and consulting in the defense sector. The following research methodology is followed for all

databases and reports:

Secondary Research

The research process begins with exhaustive secondary research to source reliable qualitative and

quantitative information related to the defense market. The secondary research sources that are typically

referred to include, but are not limited to:

Industry associations

National government documents and statistical databases

Company websites, annual reports, financial reports, broker reports, investor presentations

Industry trade journals and other literature

Internal and external proprietary databases

News articles, press releases, and webcasts specific to the companies operating in the market

Primary Research

SDI conducts hundreds of primary interviews a year with industry participants and commentators in order to

validate its data and analysis. A typical research interview fulfills the following functions:

Provides first-hand information on market size, market trends, growth trends, competitive landscape,

and future outlook

Helps to validate and strengthen secondary research findings

Further develops the analysis team’s expertise and market understanding

Primary research involves e-mail interactions, telephone interviews, and face-to-face interviews for

each market category, division, and sub-division across geographies

The participants who typically take part in such a process include, but are not limited to:

Industry participants: CEOs, VPs, business development managers, market intelligence managers,

and national sales managers

External experts: investment bankers, valuation experts, research analysts, and key opinion leaders

specializing in defense markets

Conventions

Currency conversions are performed on the basis of average annual conversion rate format

calculations

All the values in tables, with the exception of compounded annual growth rate (CAGR) and

compounded annual rate of change (CARC), are displayed to one decimal place; therefore, due to

this rounding method, growth rates may appear inconsistent with absolute values

The forecasted values are projected on the basis of nominal values; the inflation was not taken into account


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TABLE OF CONTENTS

1. Introduction ........................................................................................................................... 9

1.1. What is this Report About? ........................................................................................................... 9

1.2. Definitions ...................................................................................................................................... 9

1.3. Summary Methodology .................................................................................................................11

1.4. SDI Terrorism Index ......................................................................................................................12

1.5. About Strategic Defence Intelligence ..........................................................................................12

2. Executive Summary ............................................................................................................ 13

3. Market Attractiveness and Emerging Opportunities ........................................................ 15

3.1. Defense Market Size Historical and Forecast..............................................................................16

3.1.1. Irish defense expenditure is expected to hover around US$XX billion over the forecast period ............. 16

3.1.2. Peacekeeping and crisis management operations are expected to drive Irish defense expenditure ...... 20

3.1.3. Defense expenditure as percentage of GDP is expected to decrease during the forecast period .......... 21

3.2. Analysis of Defense Budget Allocation .......................................................................................23

3.2.1. Share of capital expenditure in the overall defense budget is expected to slightly increase during the

forecast period ...................................................................................................................................................... 23

3.2.2. Capital expenditure expected to increase over the forecast period ......................................................... 25

3.2.3. Per capita defense expenditure expected to increase during the forecast period ................................... 29

3.3. Homeland Security Market Size and Forecast ............................................................................31

3.3.1. Homeland security expenditure is expected to register a CAGR of XX% during the forecast period ...... 31

3.3.2. Efforts to counter cybercrime, drug trafficking, and organized crime to drive homeland security

expenditure ........................................................................................................................................................... 35

3.3.3. Ireland faces some threat from foreign terrorist organizations ................................................................. 36

3.4. Benchmarking with Key Global Markets .....................................................................................38

3.4.1. Irish defense expenditure expected to increase marginally during the forecast period ........................... 38

3.4.2. Irish defense expenditure is smaller compared to the largest defense spenders on a global scale ........ 40

3.4.3. Irish defense expenditure as a percentage of GDP is lower than other European countries .................. 41

3.4.4. Ireland faces some threat from foreign terrorist organizations ................................................................. 42

3.5. Market Opportunities: Key Trends and Growth Stimulators ......................................................44

3.5.1. Increase in the demand for light tactical armored vehicles expected ....................................................... 44

3.5.2. Offshore patrol vessels will provide attractive market opportunities ........................................................ 44

3.5.3. Rise in demand of modernized army rifles and related equipment .......................................................... 44

4. Defense Procurement Market Dynamics ........................................................................... 45

4.1. Import Market Dynamics ...............................................................................................................46

4.1.1. Defense imports are expected to increase during the forecast period ..................................................... 46

4.1.2. Irish defense sourced the majority of its arms from the UK ...................................................................... 47


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4.1.3. Ships and armored vehicles accounted for the majority of arms imports during 2010–2014 .................. 48

4.2. Export Market Dynamics ..............................................................................................................49

4.2.1. Exports anticipated to remain low during the forecast period ................................................................... 49

4.2.2. Ireland supplies the majority of its defense equipment to Australia ......................................................... 50

4.2.3. Armored vehicles and aircraft were the only arms export during the historic period................................ 51

5. Industry Dynamics .............................................................................................................. 52

5.1. Five Forces Analysis.....................................................................................................................52

5.1.1. Bargaining power of supplier: medium to high ......................................................................................... 53

5.1.2. Bargaining power of buyer: high ............................................................................................................... 53

5.1.3. Barriers to entry: medium ......................................................................................................................... 53

5.1.4. Intensity of rivalry: medium to high ........................................................................................................... 53

5.1.5. Threat of substitution: medium to high ..................................................................................................... 53

6. Market Entry Strategy ......................................................................................................... 54

6.1. Market Regulation .........................................................................................................................54

6.1.1. Ireland does not disclose any offset obligations ....................................................................................... 54

6.1.2. Ireland allows 100% FDI in defense industry ........................................................................................... 54

6.2. Market Entry Route .......................................................................................................................55

6.2.1. Subsidiaries and branch offices provide attractive market entry routes ................................................... 55

6.2.2. Direct selling is the preferred market entry route for foreign OEMs ......................................................... 55

6.3. Key Challenges .............................................................................................................................56

6.3.1. Small defense budget and limited technological capability limits the market entry of foreign companies 56

6.3.2. Preference for EU companies poses a challenge for non-EU companies ............................................... 56

7. Competitive Landscape and Strategic Insights ................................................................ 57

7.1. Competitive Landscape Overview ...............................................................................................57

7.2. Key Domestic Companies ............................................................................................................57

7.2.1. Timoney Technology Ltd.: overview ......................................................................................................... 57

7.2.2. Timoney Technology Ltd.: products and services .................................................................................... 57

7.2.3. Timoney Technology Ltd.: alliances ......................................................................................................... 58

7.2.4. Timoney Technology Ltd: recent contract wins ........................................................................................ 58

7.2.5. Western Avionics Ltd.: overview ............................................................................................................... 59

7.2.6. Western Avionics Ltd: products and services ........................................................................................... 59

7.2.7. Western Avionics Ltd.: recent announcements and strategic initiatives .................................................. 60

7.2.8. Western Avionics Ltd.: recent contract wins ............................................................................................. 60

7.3. Key Foreign Companies ...............................................................................................................60

7.3.1. L-3 Communications ESSCO Collins Limited (ECL): overview ................................................................ 60

7.3.2. L-3 Communications ESSCO Collins Limited (ECL): products ................................................................ 60

7.3.3. L-3 Communications ESSCO Collins Limited (ECL): recent announcements and strategic initiatives.... 61


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7.3.4. L-3 Communications ESSCO Collins Limited (ECL): alliances ................................................................ 61

7.3.5. DDC Ireland Ltd.: overview ....................................................................................................................... 62

7.3.6. DDC Ireland Ltd: products ........................................................................................................................ 62

7.3.7. DDC Ireland Ltd.: recent announcements and strategic initiatives .......................................................... 62

7.3.8. DDC Ireland Ltd.: recent contract awards ................................................................................................ 64

8. Business Environment and Country Risk ......................................................................... 65

8.1. Demographics & Social Statistics ................................................................................................65

8.1.1. Population –Rural ..................................................................................................................................... 65

8.1.2. Population – Urban ................................................................................................................................... 66

8.1.3. Number of Households ............................................................................................................................. 67

8.2. Economic Performance ................................................................................................................68

8.2.1. GDP Per Capita ........................................................................................................................................ 68

8.2.2. GDP, Current Prices ................................................................................................................................. 69

8.2.3. Consumer Price Index .............................................................................................................................. 70

8.2.4. Local Currency Unit per USD ................................................................................................................... 71

8.2.5. Market Capitalization of Listed Companies .............................................................................................. 72

8.2.6. Market Capitalization of Listed Companies as % of GDP ........................................................................ 73

8.2.7. Government Cash Surplus/Deficit ............................................................................................................ 74

8.2.8. Central Government Debt ......................................................................................................................... 75

8.2.9. Central Government Debt as % of GDP ................................................................................................... 76

8.2.10. Goods Exports as % of GDP .................................................................................................................... 77

8.2.11. Goods Imports as % of GDP .................................................................................................................... 78

8.2.12. Goods Trade Surplus/Deficit as % of GDP............................................................................................... 79

8.2.13. Service Imports as % of GDP ................................................................................................................... 80

8.2.14. Service Exports as % of GDP ................................................................................................................... 81

8.2.15. Service Trade Surplus/Deficit % of GDP .................................................................................................. 82

8.2.16. Foreign Direct Investments ....................................................................................................................... 83

8.2.17. Net Foreign Direct Investments as % of GDP .......................................................................................... 84

8.2.18. International reserves, including gold ....................................................................................................... 85

8.3. Energy and Utilities .......................................................................................................................86

8.3.1. Conventional Thermal Electricity Net Generation .................................................................................... 86

8.3.2. Hydroelectricity Net Generation ................................................................................................................ 87

8.3.3. Conventional Thermal Electricity Installed Capacity ................................................................................ 88

8.3.4. Electricity Imports ..................................................................................................................................... 89

8.3.5. Proved Natural Gas Reserves .................................................................................................................. 90

8.3.6. Petroleum Consumption ........................................................................................................................... 91

8.3.7. Total Non-Hydro Renewable Electricity Net Generation .......................................................................... 92

8.4. Infrastructure .................................................................................................................................93


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8.4.1. Air Transport, freight ................................................................................................................................. 93

8.5. Minerals .........................................................................................................................................94

8.5.1. Mining, Manufacturing, Utilities Output ..................................................................................................... 94

8.6. Technology ....................................................................................................................................95

8.6.1. Research and Development Expenditure ................................................................................................. 95

8.7. Telecommunication ......................................................................................................................96

8.7.1. Telephone lines ........................................................................................................................................ 96

8.7.2. Telephone lines Penetration Rate ............................................................................................................ 97

8.7.3. Mobile cellular subscriptions ..................................................................................................................... 98

9. Appendix .............................................................................................................................. 99

9.1. About SDI .......................................................................................................................................99

9.2. Disclaimer ......................................................................................................................................99


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LIST OF FIGURES

Figure 1: Irish Defense Expenditure (US$ Billion), 2011–2015............................................................................................................................ 16 Figure 2: Irish Defense Expenditure (US$ Billion), 2016–2020............................................................................................................................ 17 Figure 3: Irish Defense Expenditure (EUR Million), 2011–2015 .......................................................................................................................... 18 Figure 4: Irish Defense Expenditure (EUR Million), 2016–2020 .......................................................................................................................... 19 Figure 5: Irish GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP, 2011–2015 ............................ 21 Figure 6: Irish GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2016–2020................ 22 Figure 7: Irish Defense Budget Split Between Capital and Revenue Expenditure (%), 2011–2015 ..................................................................... 23 Figure 8: Irish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016–2020 ..................................................................... 24 Figure 9: Irish Defense Capital Expenditure (US$ Million), 2011–2015 ............................................................................................................... 25 Figure 10: Irish Defense Capital Expenditure (US$ Million), 2016–2020 ............................................................................................................. 26 Figure 11: Irish Defense Capital Expenditure (EUR Million), 2011–2015............................................................................................................. 27 Figure 12: Irish Defense Capital Expenditure (EUR Million), 2016–2020............................................................................................................. 28 Figure 13: Irish per capita defense expenditure (US$), 2011–2015..................................................................................................................... 29 Figure 14: Irish per capita defense expenditure (US$), 2016–2020..................................................................................................................... 30 Figure 15: Irish Homeland Security Budget (US$ Billion), 2011–2015 ................................................................................................................. 31 Figure 16: Irish Homeland Security Budget (US$ Billion), 2016–2020 ................................................................................................................. 32 Figure 17: Irish Homeland Security Budget (Euro Billion), 2011–2015 ................................................................................................................ 33 Figure 18: Irish Homeland Security Budget (Euro Billion), 2016–2020 ................................................................................................................ 34 Figure 19: SDI Terrorism Heat Map, 2015 .......................................................................................................................................................... 36 Figure 20: SDI Terrorism Index, 2015 ................................................................................................................................................................. 37 Figure 21: Benchmarking with Key Markets – 2011–2015 vs. 2016–2020 .......................................................................................................... 39 Figure 22: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2015 and 2020 ........................................................ 40 Figure 23: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2015 ..................................................................... 41 Figure 24: Irish Defense Import Trend, 2010–2014 (TIV values) ......................................................................................................................... 46 Figure 25: Irish Defense Imports by Country (%), 2010–2014 ............................................................................................................................. 47 Figure 26: Irish Defense Imports by Category (%), 2010–2014 ........................................................................................................................... 48 Figure 27: Irish Defense Export Trend, 2010–2014 (TIV values) ......................................................................................................................... 49 Figure 28: Irish Defense Exports by Country (%), 2010–2014............................................................................................................................. 50 Figure 29: Irish Defense Exports by Category (%), 2010–2014 ........................................................................................................................... 51 Figure 30: Industry Dynamics Porter’s Five Forces Analysis ............................................................................................................................... 52 Figure 31: Irish Rural Population (In Millions), 2015–2024 .................................................................................................................................. 65 Figure 32: Irish Urban Population (In Millions), 2015–2024 ................................................................................................................................. 66 Figure 33: Irish Number of Households (In millions), 2008–2017 ........................................................................................................................ 67 Figure 34: Irish GDP Per Capita, 2015–2024 ...................................................................................................................................................... 68 Figure 35: Irish GDP, Current Prices (US$ Billion), 2015–2024 .......................................................................................................................... 69 Figure 36: Irish Consumer Price Index, 2015–2024 ............................................................................................................................................ 70 Figure 37: Irish LCU per USD (period average), 2015–2024 ............................................................................................................................... 71 Figure 38: Irish Market Capitalization of Listed Companies (USD billion), 2003–2012 ........................................................................................ 72 Figure 39: Irish Market Capitalization of Listed Companies (% of GDP), 2002–2011 .......................................................................................... 73 Figure 40: Irish Government Cash Surplus/Deficit (LCU Billion), 2002–2011 ...................................................................................................... 74 Figure 41: Irish Central Government Debt (LCU billion), 2002–2011 ................................................................................................................... 75 Figure 42: Irish Central Government Debt (% GDP), 2002–2011 ........................................................................................................................ 76 Figure 43: Irish Goods Exports (% GDP), 2002–2011 ......................................................................................................................................... 77 Figure 44: Irish Goods Imports (% GDP), 2002–2011 ......................................................................................................................................... 78 Figure 45: Irish Goods Balance (% GDP), 2002–2011 ........................................................................................................................................ 79 Figure 46: Irish Service Imports (% GDP), 2002–2011 ....................................................................................................................................... 80 Figure 47: Irish Service Exports (% GDP), 2002–2011 ....................................................................................................................................... 81 Figure 48: Irish Service Balance (% GDP), 2002–2011 ...................................................................................................................................... 82 Figure 49: Irish Foreign Direct Investments (BoP, current US$ billion), 2002–2011 ............................................................................................ 83 Figure 50: Irish Foreign Direct Investments (% GDP), 2002–2011 ...................................................................................................................... 84 Figure 51: Irish International Reserves, including gold US$ billion), 2002–2011 ................................................................................................. 85 Figure 52: Irish Conventional Thermal Electricity Net Generation (Billion Kilowatt hours), 2002–2011 ................................................................ 86 Figure 53: Irish Hydroelectricity Net Generation (Billion Kilowatt hours), 2003–2012 .......................................................................................... 87


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Figure 54: Irish Conventional Thermal Electricity Installed Capacity (Million Kilowatt hours), 2001–2010 ............................................................ 88 Figure 55: Irish Electricity Imports (Billion Kilowatt hours), 2003–2012 ............................................................................................................... 89 Figure 56: Irish Proved Reserves of Natural Gas (Trillion Cubic Feet), 2004–2013 ............................................................................................. 90 Figure 57: Irish Petroleum Consumption (Thousand Barrels Per Day), 2003–2012 ............................................................................................. 91 Figure 58: Irish Total Non-Hydro Renewable Electricity Net Generation (Billion Kilowatts),2003–2012 ............................................................... 92 Figure 59: Irish Air transport freight (million ton-km), 2002–2011 ........................................................................................................................ 93 Figure 60: Irish Mining, Manufacturing, Utilities Output (US$ billion), 2002–2011 ............................................................................................... 94 Figure 61: Irish Research and Development Expenditure (Local currency thousands), 2001–2010 .................................................................... 95 Figure 62: Irish Telephone lines (millions), 2003–2012 ....................................................................................................................................... 96 Figure 63: Irish Telephone Line Penetration Rate, 2003–2012 ........................................................................................................................... 97 Figure 64: Irish Mobile cellular subscriptions (in millions), 2002–2011 ................................................................................................................ 98


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LIST OF TABLES

Table 1: Irish Defense Expenditure (US$ Billion), 2011–2015 ............................................................................................................................. 16 Table 2: Irish Defense Expenditure (US$ Billion), 2016–2020 ............................................................................................................................. 17 Table 3: Irish Defense Expenditure (EUR Million), 2011–2015 ............................................................................................................................ 18 Table 4: Irish Defense Expenditure (EUR Million), 2016–2020 ............................................................................................................................ 19 Table 5: Irish GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP, 2011–2015 .............................. 21 Table 6: Irish GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2016–2020 .................. 22 Table 7: Irish Defense Budget Split Between Capital and Revenue Expenditure (%), 2011–2015 ...................................................................... 23 Table 8: Irish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016–2020 ...................................................................... 24 Table 9: Irish Defense Capital Expenditure (US$ Million), 2011–2015 ................................................................................................................ 25 Table 10: Irish Defense Capital Expenditure (US$ Million), 2016–2020 .............................................................................................................. 26 Table 11: Irish Defense Capital Expenditure (EUR Million), 2011–2015 .............................................................................................................. 27 Table 12: Irish Defense Capital Expenditure (EUR Million), 2016–2020 .............................................................................................................. 28 Table 13: Irish per capita defense expenditure (US$), 2011–2015 ...................................................................................................................... 29 Table 14: Irish per capita defense expenditure (US$), 2016–2020 ...................................................................................................................... 30 Table 15: Irish Homeland Security Budget (US$ Billion), 2011–2015 .................................................................................................................. 31 Table 16: Irish Homeland Security Budget (US$ Billion), 2016–2020 .................................................................................................................. 32 Table 17: Irish Homeland Security Budget (Euro Billion), 2011–2015 ................................................................................................................. 33 Table 18: Irish Homeland Security Budget (Euro Billion), 2016–2020 ................................................................................................................. 34 Table 19: Benchmarking with Key Markets, 2011–2015 vs. 2016–2020 ............................................................................................................. 38 Table 20: SDI Terrorism Index ............................................................................................................................................................................ 42 Table 21: Timoney Technology Ltd. – Product focus ......................................................................................................................................... 57 Table 22: Timoney Technology Ltd. – Alliances ................................................................................................................................................. 58 Table 23: Timoney Technology Ltd. – Recent Contract Wins ............................................................................................................................. 58 Table 24: Western Avionics Ltd.– Product focus ................................................................................................................................................. 59 Table 25: Western Avionics Ltd.– Recent Contract Wins .................................................................................................................................... 60 Table 26: L–3 Communications ESSCO Collins Limited (ECL) – Product focus .................................................................................................. 60 Table 27: L–3 Communications ESSCO Collins Limited (ECL) –Alliances .......................................................................................................... 61 Table 28: DDC Ireland Ltd – Product focus ......................................................................................................................................................... 62 Table 29: DDC Ireland Ltd – Alliances ................................................................................................................................................................ 64

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