Research and Markets: Future of the $6.4 Billion Swedish Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020
November 2, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/jgg62d/future_of_the) has announced the addition of the “Future of the Swedish Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020” report to their offering.
Increase in the country’s defense expenditure can be attributed to the deteriorating security situation in Europe, particularly in the wake of Russian aggression against Ukraine and Sweden’s efforts to increase operational war fighting capability of the armed forces. As a result, the government has decided to substantially increase defense budget for the first time in two decades. Over the forecast period, the country’s defense industry is expected to incur a cumulative spending of US$34.3 billion with most of the expenditure being directed towards the purchase of advanced defense systems, international peacekeeping missions, and research and development initiatives
Key Findings
– Over the historic period, defense expenditure registered a growth rate of 1.11%, increasing from US$6.1 billion in 2011 to US$6.4 billion in 2015
– Military expenditure, valued at US$6.6 billion in 2016, is expected to increase to US$7.2 billion by 2020, registering a CAGR of 2.20% over the forecast period
– Military expenditure will be driven by the threat from Russia, modernization initiatives and participation in peace keeping missions
– The Defense Ministry is expected to procure fighters and multi-role aircraft, diesel electric submarines, aviation MRO and cyber security
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
4 Defense Procurement Market Dynamics
5 Industry Dynamics
6 Market Entry Strategy
7 Competitive Landscape and Strategic Insights
8 Business Environment and Country Risk
9 Appendix
Companies Mentioned
– Åkers Krutbruk Protection AB
– BAE Systems AB
– CybAero
– Dynasafe AB
– Logica
– Nammo AS
– Niscayah
– SAAB
– Scanjack AB
For more information visit http://www.researchandmarkets.com/research/jgg62d/future_of_the
View source version on businesswire.com: http://www.businesswire.com/news/home/20151102006643/en/
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