The Belgian defence industry could double in size over the next eight years if it follows the global growth trend, according to a study by the technology federation Agoria.
Agoria suggests that investment plans could stimulate the Belgian defence industry. Currently, the industry consists of over 80 companies, generating a €2 billion annual turnover and providing 5,000 direct jobs.
Broadening the scope to include all companies and organisations involved in defence activities, the industry comprises nearly 900 companies, with a €5 billion turnover and 16,300 direct jobs.
"If the defence and security industry succeeds in doubling in size, it could create over 4,000 direct jobs and an additional 4,000 indirect jobs," estimates Agoria’s research department.
The Belgian defence and security sector is diverse. Weapons systems, ammunition, and land vehicles account for 28% of the jobs, followed by digital services and cybersecurity at 20%, and the aviation industry at 16%.
Job distribution is balanced between Flanders and Wallonia, each holding 44% of the positions, with Brussels providing the remaining 12%.
To achieve its ambitious growth targets, the industry must address several challenges, according to Agoria defence specialist Pascal Acket. A key issue is improving the sector’s image, as many still do not view defence companies as essential for safety.
Additionally, financial institutions remain hesitant to provide loans to defence companies, despite the changing geopolitical landscape. Acket also calls for a smoother and more legally certain export and transit framework, which is currently stricter compared to other European countries.
