Future of the Finnish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019

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Future of the Finnish Defense Industry - Market

Attractiveness, Competitive

Landscape and Forecasts to 2019

Category : Defence

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Introduction to Report

Launch Date: February 20, 2014

Number of Pages: 107

Geography Coverage: Finland

Available Format: PDF

Price For Single User License: USD 1,250

Price For Site License: USD 2,500

Price For Global User License: USD 3,750

Delivery Time: Within 24 Hours (During Working Days)



About the Report

This report is the 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.

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.



Research Findings

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.

he 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.



Research Findings Continues..

Additionally, Finland is increasing its efforts to upgrade its air defense missile capabilities by procuring NASAMS II system, jointly developed by Norwegian Kongsberg Defense and US Raytheon under a contract worth US$460 million.

Moreover, the country is anticipated to spend more than US$1 billion on the upgrade of the F-18 super hornet military aircraft during the forecast period. Due to austerity measures, the defense ministry is forced to focus on the acquisition of high quality secondhand equipment.



Research Findings Continues..

In January 2014, the country joined with the Netherlands to purchase 100 secondhand Leopard 2A6 main battle tanks under a contract worth US$274 million. This initiative was taken to strengthen the upgrade plan of the army's armored battlefield units between 2015 and 2019.

Furthermore, the country follows a strict offset policy, according to which, offsets are mandatory for all transactions exceeding US$13.3 million and investors are required to reinvest 100% of the value of the contract into the Finnish economy.



Report Coverage

1. Executive Summary2. Market Attractiveness and Emerging

Opportunities3. Defense Procurement Market Dynamics4. Industry Dynamics5. Market Entry Strategy6. Competitive Landscape and Strategic Insights7. Business Environment and Country Risk8. Appendix

For more details regarding Report coverage see the last slide




Company Coverage

For more details regarding company coverage and TOC see the last slide




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