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Sweden - Defense and Security: Expenditure driven by modernization (Strategy, Performance and Risk Analysis)

Sweden - Defense and Security: Expenditure driven by modernization (Strategy, Performance and Risk Analysis)

Summary

The aircraft category is a key growth driver of the Swedish defense and security industry, accounting for 52.8% of capital expenditure in 2016; followed by the C4ISR electronics and IT category with 13.9%. The country’s defense budget stood at US$6.6 billion in 2016, and will post a forecast-period CAGR of 2.2% to reach US$7.3 billion in 2021 due to tensions with Russia, the procurement of new defense systems, and Sweden's participation in international peacekeeping missions.

MarketLine’s premium reports provide a comprehensive overview of each market within a country’s defense industry; benchmark key performance indicators against regional and global peers; review industry trends and drivers; evaluate the competitive landscape and innovation potential of singular markets; and conduct data-driven SWOT analysis to ascertain a structured assessment of the performance of each territory represented.Key Highlights

Sweden’s revenue expenditure is to increase:

Revenue expenditure on defense and security in Sweden stood at US$3.5 billion in 2016, representing an increase of 2.2% from US$3.3 billion in 2015. It will post a forecast-period CAGR of 1.1% to reach US$3.7 billion in 2021. The increase in revenue expenditure is attributed to an increase in the cost of troop training, institutional education, construction, maintenance activities, salaries, allowances, pensions, transportation, food, insurance, welfare benefits, and miscellaneous expenditures for military personnel.

The country’s strained relationship with Russia is a reason of concern:

One of the more serious threats facing the country’s security is a growing concern over an increase in tensions with Russia. Sweden has stationed permanent troops on the Baltic Sea island of Gotland. Sweden, which is not a NATO member, is preparing itself for a future war and is currently in the process of upgrading its military with an increase in defense spending, after Russia increased military spending.

Sweden’s defense exports declined during 2012-2016:

Swedish exports include aircraft, ships, and missile defense systems. Sweden is a minor arms supplier in the world market. Europe receives the largest share of Sweden’s total arms exports followed by Asia, North America, and Africa respectively. Sweden’s total export declined at a CAGR of -21.8%, from US$206.0 million in 2012 to US$77.0 million in 2016, due to financial crises in partnered countries such as Italy.

Scope

  • Industry Snapshot and Industry View - Key defense and security industry statistics including total expenditure, revenue expenditure, and capital expenditure are analysed to reveal the key issues and trends driving market performance in the Swedish defense and security market.
  • Industry SWOT Analysis - Discover the Strengths, Weaknesses, Opportunities and Threats impacting market performance and investment in the Swedish defense and security market.
  • Industry Benchmarking - Benchmark how the Swedish defense and security market is performing compared to regional and global markets in terms of total expenditure, revenue expenditure, and capital expenditure to gauge potential for growth or market entry.
  • Competitive Landscape - Detailed overview and product offerings of the leading defense and security players in Sweden.
Reasons to buy
  • How is the market performing in terms of: total expenditure, revenue expenditure, and capital expenditure?
  • How risky is it to invest in the Swedish defense and security industry compared to other European countries?
  • What is driving the performance of key industry segments such as aircraft, C4ISR electronics & IT, naval ships, helicopters, military vehicles, and others?
  • Who are the leading players in the Swedish defense and security industry and their overview and product portfolio?
  • What trends are being witnessed within the Swedish defense and security industry?
  • What are the Swedish defense and security industry’s Strengths and Weaknesses and what Opportunities and Threats does it face?
  • What are the recent developments and innovations in the Swedish defense and security industry?


Conflict &Costs Index
Industry Snapshot
Industry View
Industry SWOT Analysis
Industry Benchmarking
Industry Performance
Competitive Landscape
Innovation
Deals
Key Developments
Appendix

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