2013-10-13 11:36:30 - New Defense research report from Strategic Defence Intelligence is now available from Fast Market Research
This report is the result of SDI's extensive market and company research covering the Swedish 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 Swedish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Swedish defense industry.
What is the current market landscape and what is changing?
Sweden, the fifth-largest country in Europe, is expected to invest US$36.5 billion in strengthening its armed forces over
the forecast period. Defense expenditure, which registered a CAGR of 8.77% during the review period, is anticipated to increase at a CAGR of 0.66% over the forecast period. The forecast military expenditure is influenced by the procurement of new defense systems, Sweden's participation in international peacekeeping missions and international relief action, and border issues. Despite a marginal increase in the country's total defense budget, military expenditure as a percentage of GDP is predicted to decrease from an average of 1.2% during the review period to an average of 1.1% over the forecast period, as the country's defense expenditure is not expected to grow at the same pace as economic growth.
Full Report Details at
- www.fastmr.com/prod/695631_future_of_the_swedish_defense_industr ..
What are the key drivers behind recent market changes?
During the forecast period, Sweden is expected to invest US$36.5 billion in fulfilling its defense requirements. The increase is motivated primarily by reform programs, particularly the military's transition to a rapid-deployment force with a modular structure, Sweden's involvement in peacekeeping missions, and border issues.
What makes this report unique and essential to read?
The Future of the Swedish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, 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
The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
The report includes trend analysis of imports and exports, together with their implications and impact on the Swedish defense industry.
The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
The report helps the reader to understand the competitive landscape of the defense industry in Sweden. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
Key Market Issues
During the review period, the Swedish defense budget grew at a CAGR of 8.77%, and throughout the forecast period it is anticipated to grow at a CAGR of 0.66%. Accordingly, the actual defense budget is expected to increase from US$7.0 billion in 2013 to US$7.4 billion in 2018. However, the budget is not large enough to fulfill all defense requirements, which has led to the cancellation of some projects. For example, the country's SEP (Spitterskyddad Enhets Platform) land vehicle design project, which was jointly undertaken with BAE Systems, was cancelled due to budget constraints. Low budget and the potential cancellation of projects means foreign investors are wary of entering the market.
Offsets are mandatory in Sweden for all defense procurements exceeding US$13.9 million. However, the nation has no provision for multipliers, which discourages foreign suppliers from doing business with Sweden. Countries generally use offset multipliers as a tool to attract investments into industry sectors they consider to be critical or underfunded. Foreign suppliers have shown reluctance while transferring crucial defense technology to Sweden because it is not incentivized by way of offset multipliers. As opposed to Sweden, a significant number of European countries such as the UK, Poland, and Turkey offer multipliers in order to encourage investment in areas such as defense related RandD and transfer of critical technology. As such, the presence of foreign defense firms in European countries which offer multipliers is higher than in Sweden. The absence of multipliers limits the share of foreign defense firms within the Swedish military industry to an estimated 10%.
About Strategic Defence Intelligence
Strategic Defence Intelligence provides a stream of continuously updated customer and competitor intelligence, as well as detailed research reports providing an unrivalled source of global information on the latest developments in the defence industry. View more research from Strategic Defence Intelligence at www.fastmr.com/catalog/publishers.aspx?pubid=1040
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