Swedish Defense Market 2016:Industry Insights, Statistics, Study and forecasts to 2020
Market Research Report on Swedish Defense Market 2016 is a professional and in-depth complete study on the current state of the Swedish Defense worldwide.
Strategic Defense Intelligence's - Swedish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020 report offers a detailed analysis with market size forecasts for 2016-2020. The factors that influence demand, key market trends, and challenges faced by industry participants are also covered.
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
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- 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
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2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
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