"Future of the Finnish Defense Industry" is now available at Fast Market Research
Market Attractiveness, Competitive Landscape and Forecasts to 2019
[UKPRwire, Fri Feb 28 2014] This report is the result of SDI's extensive market and company research covering the Finnish defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.
Introduction and Landscape
Why was the report written?
The Future of the Finnish Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2019offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Finnish defense industry.
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What is the current market landscape and what is changing?
Finland's total defense expenditure stands at US$3.7 billion in 2014 and is expected to grow at a CAGR of 5.79% over the forecast period, to reach US$4.34 billion in 2019. Finnish defense expenditure is primarily driven by participating in peacekeeping initiatives, the upgrade of military equipment such asF-18 Hornet jet fighters, the soldier modernization program, and the procurement of advanced technology equipment. The Finnish defense industry is expected to focus its expenditure on NASAMS II missile system, Leopard 2A6 main battle tanks, soldier combat systems, transport helicopters, ballistic protection and smart munitions systems, cyber security, and C4ISR systems. The country's defense budget stands at 1.16% of GDP in 2014 and is expected to increase marginally to 1.23% of GDP by 2019. During 2010-2014, the average capital expenditure allocation stood at 31.6% of the total defense budget, and this is expected to increase marginally over the forecast period to reach 32.1%. Revenue expenditure is expected to decrease from an average of 68.4% during 2010-2014 to 67.9% in the forecast period due to austerity measures by the government. The defense ministry plans to reduce the number of mobilized troops from 350,000 to 230,000 by 2015 and save on training costs by conducting joint activities with the Nordic partners.
What are the key drivers behind recent market changes?
Modernization of defense systems, participation in peacekeeping initiatives, and the perceived threat from Russia expected to drive Finnish defense expenditure.
What makes this report unique and essential to read?
The Future of the Finnish Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2019provides detailed analysis of the current industry size and growth expectations from 2015 to 2019, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
Key Features and Benefits
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