Future of the Danish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

  • ID: 4458215
  • Report
  • Region: Denmark
  • 118 pages
  • Strategic Defence Intelligence
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During 2019-2023, the Denmark Expected to Invest US$22.2 Billion for Defense Purposes

FEATURED COMPANIES

  • Danish Aerotech A/S
  • IFAD TS A/S
  • Lockheed Martin Denmark
  • Systematic A/S
  • Terma A/S
  • MORE

The Future of the Danish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023, published by It, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

Synopsis

This report offers detailed analysis of the Danish defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

The Danish defense industry market size and drivers: detailed analysis of the Danish defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns
Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to the army, navy, and air force. It also details the key challenges faced by defense market participants within the country
Porter’s Five Force analysis of the Danish defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
Market opportunities: details of the top five defense investment opportunities over the next 10 years
Competitive landscape and strategic insights: analysis of the competitive landscape of the Danish defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Scope

  • Denmark’s military expenditure, valued at US$3.56 billion in 2018, registered a declining growth rate of -0.93% during 2014-2018. Following the fall of the Berlin wall, the assertive behavior of Russia and the growing instability in North Africa and Middle East has driven the country to focus on modernizing the military with advanced equipment, alongside its NATO allies. In mid-October 2017, the Danish government released its next six year defense spending guidelines outlining an increase in the defense budget by 20% over the next six years. Over the forecast period, the country’s defense budget is expected to increase from US$3.7 billion in 2019 to US$5.5 billion in 2023, reflecting a CAGR of 10.51%.
  • On a cumulative basis, during 2019-2023, the country is expected to invest US$22.2 billion for defense purposes, of which US$2.7 billion is earmarked for capital expenditure to fund defense procurements. The government’s well-defined military modernization plans to counter influence of Russia and its duties with respect to NATO are expected to corner significant part of investmment.
  • The MoD is expected to invest in fighters & multi-role Aircraft, Armored Personnel Carrier (APC), and Land-based C4ISR over the coming years.

Reasons to buy

  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Danish defense industry market trends for the coming five years
  • The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
  • Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of the Danish defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts
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FEATURED COMPANIES

  • Danish Aerotech A/S
  • IFAD TS A/S
  • Lockheed Martin Denmark
  • Systematic A/S
  • Terma A/S
  • MORE

1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About the Publisher

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary threat perception
3.1.2. Military Doctrine & Strategy
3.1.3. Military Fleet Size
3.1.4. Procurement Programs
3.1.5. Ongoing procurement programs
3.1.6. Future procurement programs
3.1.7. Top Procurement Programs By Value (US$ Million) 2018-2023
3.1.8. Social, Political and Economic Environment & Support for Defense Projects
3.1.9. Political & Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Danish defense expenditure expected to register a CAGR of 10.51% over the forecast period
3.2.2. Growing Russian assertiveness and participation in NATO peacekeeping operations are expected to drive defense expenditure over the forecast period
3.2.3. Denmark’s defense expenditure as a percentage of GDP expected to decrease
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure is expected to account for 12.3% of the defense budget over 2019-2023
3.3.2. Capital expenditure is expected to record a CAGR of 10.91% during the forecast period, 2019-2023
3.3.3. Per capita defense expenditure set to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Danish homeland security expenditure expected to increase at a CAGR of 1.30% during 2019-2023
3.4.2. Cyber security and counter terrorism are main homeland security concerns
3.4.3. Denmark falls under “some risk” by terrorism category
3.4.4. Denmark faces moderate level of threat from foreign terrorist organizations
3.4.5. Denmark has a terrorism index score of 1.5
3.5. Benchmarking with Key Global Markets
3.5.1. Denmark defense budget expected to decline over the forecast period
3.5.2. Danish defense budget expected to remain low compared to other European countries
3.5.3. Denmark allocates a low share of GDP for defense compared to most European countries
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023
3.6.2. Multi-role Aircraft
3.6.3. Land Based C4ISR
3.6.4. Armored Personnel Carrier (APC)

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports are expected to increase over the forecast period
4.1.2. Denmark sourced most of its arms imports from the US
4.1.3. Sensors and naval weapons dominate military hardware imports
4.2. Export Market Dynamics
4.2.1. Arms exports to recover during the forecast period
4.2.2. Brazil, Algeria. Finland, and Oman are the main purchasers of Danish arms
4.2.3. Sensors and ships are the main exported defense products

5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining power of supplier: low to medium
5.1.2. Bargaining power of buyer: high
5.1.3. Barrier to entry: low
5.1.4. Intensity of rivalry: medium to high
5.1.5. Threat of substitution: high

6. Market Entry Strategy
6.1. Budgeting Process
6.2. Procurement Policy & Process
6.3. Market Regulation
6.3.1. Offset policy aids development of domestic defense industry
6.3.2. Denmark permits 100% foreign direct investment in the defense sector
6.4. Market Entry Route
6.4.1. Forming subsidiaries or acquiring Danish companies are good market entry opportunities
6.4.2. Forming consortiums and product development agreements open new market entry strategy choices
6.4.3. Joint weapon development programs are a viable market entry opportunity
6.5. Key Challenges
6.5.1. Low defense budget and limited technological capability hinder market entry by foreign companies
6.5.2. Preference given to procurements from US and Nordic countries

7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Domestic Companies
7.2.1. Systematic A/S: overview
7.2.2. Systematic A/S: products and services
7.2.3. Systematic A/S: recent announcements and strategic initiatives
7.2.4. Systematic A/S: alliances
7.2.5. Systematic A/S: recent contract wins
7.2.6. Terma A/S: overview
7.2.7. Terma A/S: products
7.2.8. Terma A/S: recent announcements and strategic initiatives
7.2.9. Terma A/S: alliances
7.2.10. Terma A/S: recent contract wins
7.2.11. Copenhagen Sensor Technology ApS: overview
7.2.12. Copenhagen Sensor Technology ApS: products
7.2.13. Copenhagen Sensor Technology ApS: recent announcements and strategic initiatives
7.2.14. Copenhagen Sensor Technology ApS: alliances
7.2.15. Copenhagen Sensor Technology ApS: recent contract wins
7.2.16. Danish Aerotech A/S: overview
7.2.17. Danish Aerotech A/S: products
7.2.18. Danish Aerotech A/S: recent announcements and strategic initiatives
7.2.19. Danish Aerotech A/S: alliances
7.2.20. Danish Aerotech A/S: recent contract wins
7.2.21. Falck Schmidt Defense Systems A/S: overview
7.2.22. Falck Schmidt Defense Systems A/S: products
7.2.23. Falck Schmidt Defense Systems A/S: recent announcements and strategic initiatives
7.2.24. Falck Schmidt Defense Systems A/S: alliances
7.2.25. Falck Schmidt Defense Systems A/S: recent contract wins
7.2.26. IFAD TS A/S: overview
7.2.27. IFAD TS A/S: products
7.2.28. IFAD TS A/S: recent announcements and strategic initiatives
7.2.29. IFAD TS A/S: alliances
7.2.30. IFAD TS A/S: recent contract wins
7.3. Key Foreign Companies
7.3.1. Lockheed Martin: overview
7.3.2. Lockheed Martin: products and services
7.3.3. Lockheed Martin: recent announcements and strategic initiatives
7.3.4. Lockheed Martin: alliances
7.3.5. Lockheed Martin: recent contract wins
7.3.6. Lockheed Martin Corp.: financial analysis
7.3.7. TenCate Advanced Armour Denmark A/S: overview
7.3.8. TenCate Advanced Armour Denmark A/S: defense products
7.3.9. TenCate Advanced Armour Denmark A/S: recent announcements and strategic initiatives
7.3.10. TenCate Advanced Armour Denmark A/S: alliances
7.3.11. TenCate Advanced Armour Denmark A/S: recent contract wins

8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. Gross Domestic per Capita
8.1.2. Gross Domestic Product, current US$Billion
8.1.3. Exports of Goods and Services
8.1.4. Imports of Goods and Services
8.1.5. Gross National Disposable Income
8.1.6. Local Currency Unit per US$, Period Average
8.1.7. Market Capitalization of Listed Companies
8.1.8. Market Capitalization of Listed Companies as a % of GDP
8.1.9. Government Cash Surplus/Deficit, as a percentage of DKK (LCU)
8.1.10. Goods Exports as a % of GDP
8.1.11. Goods Imports as a % of GDP
8.1.12. Services Imports as a % of GDP
8.1.13. Services Exports as a % of GDP
8.1.14. Foreign Direct Investment, BoP, Current Values in US$ Billions
8.1.15. Net FDI as a percentage of GDP
8.1.16. Mining, Manufacturing, Utilities Output

9. Appendix
9.1. About the Authors
9.2. Disclaimer

List of Tables
Table 1: Danish Army Organization
Table 2: Danish Army Strength
Table 3: Danish Navy Strength
Table 4: Danish Air Force Strength
Table 5: Danish Ongoing Procurement Programs
Table 6: Danish Future Procurement Programs
Table 7: Top Danish Defense Programs by Value (US$ Million) 2018-2023
Table 8: Danish Defense Expenditure (DKK billion & US$ billion), 2014-2023
Table 9: Danish GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2014-2023
Table 10: Danish Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Table 11: Danish Defense Capital Expenditure (DKK Billion & US$ Million), 2014-2023
Table 12: Danish Per-Capita Defense Expenditure (US$), 2014-2023
Table 13: Danish Homeland Security Expenditure (DKK Billion & US$ Billion), 2014-2023
Table 14: Terrorism Index, 2018
Table 15: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023
Table 16: Top 10 Danish Defense Market Sectors by Value (US$ Million)  - 2018-2023
Table 17: Danish Budget Formation Timetable:
Table 18: Offset Regulations in Denmark
Table 19: Top 10 Defense Suppliers in Danish Defense Industry - By Value (US$ Million)  2018-2023
Table 20: Competitive Landscape of the Danish Defense Industry
Table 21: Systematic A/S - Product Focus
Table 22: Systematic A/S: Alliances
Table 23: Systematic A/S: Recent Contract Wins
Table 24: Terma A/S - Product Focus
Table 25: Terma A/S: Alliances
Table 26: Terma A/S: Recent Contract Wins
Table 27: Copenhagen Sensor Technology ApS - Product Focus
Table 28: Copenhagen Sensor Technology ApS: Alliances
Table 29: Copenhagen Sensor Technology ApS: Recent Contract Wins
Table 30: Danish Aerotech A/S - Product Focus
Table 31: Danish Aerotech A/S: Alliances
Table 32: Danish Aerotech A/S: Recent Contract Wins
Table 33: Falck Schmidt Defense Systems A/S - Product Focus
Table 34: Falck Schmidt Defense Systems: Alliances
Table 35: Falck Schmidt Defense Systems: Recent contract wins
Table 36: IFAD TS A/S - Product Focus
Table 37: IFAD TS A/S: Alliances
Table 38: IFAD TS A/S: Recent Contract Wins
Table 39: Lockheed Martin - Product Focus
Table 40: Lockheed Martin Denmark: Alliances
Table 41: Lockheed Martin Denmark: Recent Contract Wins
Table 42: TenCate Advanced Armour Denmark A/S - Product Focus
Table 43: TenCate Advanced Armour Denmark A/S: Alliances
Table 44: TenCate Advanced Armour Denmark A/S: Recent Contract Wins

List of Figures
Figure 1: Danish Defense Expenditure (DKK Billion), 2014-2023
Figure 2: Danish Defense Expenditure (US$ Billion), 2014-2023
Figure 3: Danish GDP Growth vs. Defense Expenditures  Percentage of GDP Growth, 2014-2023
Figure 4:DanishDefense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Figure 5: Danish Defense Capital Expenditure (DKK Billion), 2014-2023
Figure 6: Danish Defense Capital Expenditure (US$ billion), 2014-2023
Figure 7: Danish Per Capita Defense Expenditure (US$), 2014-2023
Figure 8: Danish Homeland Security Budget (DKK Billion), 2014-2023
Figure 9: Danish Homeland Security Budget (US$ Billion), 2014-2023
Figure 10: Terrorism Heat Map, 2018
Figure 11: Terrorism Index, 2018
Figure 12: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023
Figure 13: Benchmarking with World’s Largest and Top Regional Defense Spenders (US$ Billion), 2018 and 2023
Figure 14: Benchmarking with Large Defense Spenders as % of GDP - 2018
Figure 15: Danish Fighters Aircraft Market Size (US$ Million), 2018-2023
Figure 16: Danish Land Based C4ISR Market Size (US$ Million), 2018-2023
Figure 17: Danish Armored Personnel Vehicles Market Size (US$ Million), 2018-2023
Figure 18: Danish Defense Procurements In Terms Of Their Supplier Relationships
Figure 19: Denmark Defense Import Trend, 2012-2016 (TIV values)
Figure 20: Denmark Defense Imports by Country (%), 2012-2016
Figure 21: Denmark Defense Imports by Category (%), 2012-2016
Figure 22: Denmark Defense exports by Value, 2012-2016 (TIV values)
Figure 23: Denmark Defense exports by Country (%), 2012-2016
Figure 24: Denmark Defense exports by Category (%), 2012-2016
Figure 25: Industry Dynamics - Porter’s Five Forces Analysis
Figure 26: Lockheed Martin Corp. - Revenue Trend Analysis (US$ Billion), 2012-2016
Figure 27: Lockheed Martin Corp. - Operating Profit Trend Analysis (US$ Billion), 2012-2016
Figure 28: Lockheed Martin Corp. - Net Profit Trend Analysis (US$ Billion), 2012-2016
Figure 29: Denmark’s GDP per capita (US$), 2015-2025
Figure 30: Denmark’s Gross Domestic Product (current US$ Billion),2015-2025
Figure 31: Denmark’s Exports of goods and services (current LCU Billion), 2005-2014
Figure 32: Denmark’s Imports of goods and services (current LCU Billion), 2005-2014
Figure 33: Denmark’s gross national disposable income (US$ Billion), 2005-2014
Figure 34: Denmark’s DKK per US$, 2015-2024
Figure 35: Denmark’s Market Capitalization of listed Companies (US$ Bilion), 2005-2012
Figure 36: Denmark’s Market Capitalization of listed companies as a % of GDP, 2005-2012
Figure 37: Denmark’s Government Cash Surplus/deficit as a % of GDP,2005-2012
Figure 38: Denmark’s Goods Exports as a % of GDP, 2005-2014
Figure 39: Denmark’s Goods Imports as a % of GDP,2005-2014
Figure 40: Denmark’s Services Imports as a % of GDP, 2005-2014
Figure 41: Denmark’s Services Exports as a % of GDP, 2005-2014
Figure 42: Denmark’s FDI, net (BoP, Current US$ Billion), 2005-2014
Figure 43: Denmark’s Net FDI as a percentage of GDP, 2005-2014
Figure 44: Denmark’s Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

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  • Copenhagen Sensor Technology (CST) APS
  • Danish Aerotech A/S
  • Falck Schmidt Defense Systems A/S (FSDS)
  • IFAD TS A/S
  • Lockheed Martin Denmark
  • Systematic A/S
  • TenCate Advanced Armour Denmark A/S
  • Terma A/S
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