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Future of the Netherlands' Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018

Netherlands defence market: Budget allocation reaches $10 billion in 2013


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2014-02-04 03:38:03 - Future of the Netherlands' Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - a new market research report on companiesandmarkets.com

The Netherlands defence market had a budget allocation or $10.1 billion in 2013, making it one of the top 20 defence markets in the world. Primarily driven by military modernization programs, and coast guard and internal security the country´s defense expenditure is expected to register a CAGR of -0.31% during the period 2014-18. This decrease in spending is expected to be primarily due to the European debt crisis, which will force the Netherlands to cut its defense budget over the forecast period. The country´s defense imports and exports recovered in 2012 and are expected to grow over the forecast period, as the country is expected focus on acquiring equipment for maritime security, C2/C4ISR, and homeland security infrastructure.

Defense expenditure in the

 

 

Netherlands is primarily driven by military modernization, joint operations with the police force for the internal security of the country. Military Modernization: Participation of the country´s armed forces in peacekeeping initiatives affected the functionality of its defense equipment, especially the condition of the equipment deployed in Afghanistan, such as F-16s, armored vehicles, and helicopters. This has necessitated the need for upgrade or replacement. The MOD has already outlined plans to upgrade its helicopter and armored vehicles fleets, and F-16 fighter aircraft. The maritime forces are also being equipped with minesweeping capabilities, while frigates are being upgraded with radar systems.

The Netherlands´ government has been criticized for giving inadequate support to its domestic defense industry over the review period, especially during times of economic crisis. Instead, the government reduced its defense budget, forcing the industry to rely on export orders for revenue. In addition, the government does not offer financial resources such as working capital funds to the industry in order to cater to export orders, which has forced many domestic firms to close.

Coast guard and Internal security: The country´s armed forces, especially the Navy, participate in joint operations with the US for counter narcotics efforts and also with its internal security forces to ensure internal stability. The Netherlands committed its military to support a US Forward Operating Location (FOL) at the Curaçao Hato International Airport. In addition, the Netherlands´ armed forces assist the Dutch Caribbean Coast Guard (DCCG) and the Dutch Caribbean islands such as Aruba, Curaçao, Dutch St. Maarten, and BES islands (Bonaire, St. Eustatius, and Saba) as these islands continue to be major transshipment points for cocaine and heroin originating from Venezuela and Colombia. The Dutch Navy regularly operates in the region to secure its maritime borders and also supports counternarcotics efforts of the Joint Inter Agency Task Force (JIATF) South.

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