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

  • ID: 4659322
  • Report
  • Region: Sweden
  • 127 pages
  • Strategic Defence Intelligence
1 of 6

FEATURED COMPANIES

  • Akers Krutbruk
  • BAE Systems AB
  • Dynasafe AB
  • Logica and Niscayah
  • Nammo Group
  • Saab
  • MORE

Summary

Security threats from Russia and the deployment of troops in overseas peacekeeping missions, the Swedish government is expected to concentrate on procuring advanced land defense systems, communication systems, and sophisticated air defense equipment. Sweden’s homeland security (HLS) expenditure is projected to increase in the coming years, driven by investments to counter the rise of organized crime within the nation, and threats from global terrorist organizations such as ISIS and Al-Qaeda.

Sweden, the fifth-largest country in Europe with respect to land area, is expected to invest US$34.7 billion cumulatively in strengthening its armed forces over the forecast period. Despite a considerable increase in the country’s total defense budget, military expenditure as a percentage of GDP is predicted to maintain an average of 1.01% during the forecast period.

The arms procurement over the forecast period, with an increased focus on aircraft, anti-submarine warfare equipment, and submarines, is to be the driving factor in increasing the capital expenditure. Furthermore, the MoD is expected to invest in multirole aircraft, artillery systems, covertte modernization, engineering support vehicles, mine sweeper vessels, transport aircraft, training aircraft, anti-ship missiles, maritime patrol and anti-submarine warfare assets among others. The average allocation for capital expenditure is expected to be 36.5% over the forecast period.

The Future of the Swedish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023, 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.

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

  • The Swedish defense industry market size and drivers: detailed analysis of the Swedish 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 capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.
  • Porter’s Five Force analysis of the Swedish 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 Swedish defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Companies Mentioned: Saab, BAE Systems AB, Nammo Group, Dynasafe AB, Scanjack AB, Akers Krutbruk, Logica and Niscayah

Scope

  • Sweden, the fifth-largest country in Europe with respect to land area, is expected to invest US$34.7 billion cumulatively in strengthening its armed forces over the forecast period.
  • Despite a considerable increase in the country’s total defense budget, military expenditure as a percentage of GDP is predicted to maintain an average of 1.01% during the forecast period.
  • The arms procurement over the forecast period, with an increased focus on aircraft, anti-submarine warfare equipment, and submarines, is to be the driving factor in increasing the capital expenditure. The average allocation for capital expenditure is expected to be 36.5% over the forecast period.
  • The MoD is expected to invest in multirole aircraft, artillery systems, covertte modernization, engineering support vehicles, mine sweeper vessels, transport aircraft, training aircraft, anti ship missiles, maritime patrol and anti-submarine warfare assets among others.

Reasons to buy

  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Swedish 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 Swedish defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts
READ MORE
Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Akers Krutbruk
  • BAE Systems AB
  • Dynasafe AB
  • Logica and Niscayah
  • Nammo Group
  • Saab
  • 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
3.1.1. Primary Threat Perception
3.1.2. Military Doctrine and Strategy
3.1.3. Military Fleet Size
3.1.4. Procurement Programs
3.1.5. Social, Political and Economic Environment and Support for Defense Projects
3.1.6. Political and Strategic Alliances
3.2. Defense Market Size, Historical and Forecast
3.2.1. Swedish defense expenditure expected to register a CAGR of 2.14% during the forecast period
3.2.2. Modernization initiatives, peacekeeping missions, and perceived threats from Russia are expected to fuel Swedish defense expenditure
3.2.3. Defense expenditure as a percentage of GDP is expected to decline marginally during the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure allocation is expected to increase during the forecast period
3.3.2. Capital expenditure is expected to grow at a CAGR of 2.40% over the forecast period
3.3.3. Per-capita expenditure is expected to increase during the forecast period
3.3.4. Others segment accounts for a majority of the defense budget with an average share of 37.3% over forecast period
3.3.5. Others segment to account for the largest share of Swedish defense budget
3.4. Homeland Security Market Size and Forecast
3.4.1. Swedish police budget is expected to increase during the forecast period
3.4.2. Homeland security expenditure will be driven by Sweden’s efforts to counter organized crime
3.4.3. Threat from international terrorist organizations
3.4.4. Sweden is faced with “Moderate risk” of terrorism
3.4.5. Sweden faces moderate threat from terrorist organizations
3.4.6. Sweden has a terrorism index score of 3.8
3.5. Benchmarking with Key Global Markets
3.5.1. Swedish defense expenditure is expected to remain modest during the forecast period
3.5.2. The country’s defense budget is moderate compared to other leading spenders
3.5.3. Sweden allocates a lower share of GDP to defense compared to countries with significant global defense expenditure
3.6. Market Opportunities: Key Trends and Drivers
3.6.1. Top 10 Defense Sectors by Value (US$ Million) - Projections over 2018-2023
3.6.2. Land-Based C4ISR
3.6.3. Fighters and Multi-role aircraft
3.6.4. Cyber Security

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports registered a decline during 2013-2017
4.1.2. Sweden aims to diversify arms imports
4.1.3. Aircraft accounted for the majority of defense imports
4.2. Export Market Dynamics
4.2.1. Sweden emerged as the 14th largest global arms exporter during 2013-2017
4.2.2. Swedish defense exports tend to be inclined towards Asian and Middle-Eastern countries
4.2.3. Swedish forays into non-European defense markets
4.2.4. Aircraft account for the majority of Swedish defense exports

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

6. Market Entry Strategy
6.1. Market Regulation
6.1.1. Swedish offset policy facilitates defense partnerships with different countries
6.1.2. Swedish defense industry is open to foreign direct investment
6.2. Market Entry Route
6.2.1. Budgeting Process
6.2.2. Procurement Policy and Process
6.2.3. Acquisition of a domestic defense company is preferred entry route
6.2.4. Foreign OEMs gain industry access through joint research and development programs
6.2.5. Foreign investors enter the market through direct sales
6.3. Key Challenges
6.3.1. Cancellation of projects due to low defense budget deters investors from entering the market
6.3.2. The absence of multipliers in the offset policy discourages foreign suppliers

7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Public Sector Companies
7.2.1. SAAB - Overview
7.2.2. SAAB - Major Products and Services
7.2.3. SAAB - Recent Announcements and Strategic Initiatives
7.2.4. SAAB - Alliances
7.2.5. SAAB - Recent Contract Wins
7.2.6. SAAB - Financial Analysis
7.3. Key Private Sector Companies
7.3.1. BAE Systems AB - Overview
7.3.2. BAE Systems AB - Major Products
7.3.3. BAE Systems AB - Recent Announcements and Strategic Initiatives
7.3.4. BAE Systems AB - Alliances
7.3.5. BAE Systems AB - Recent Contract Wins
7.3.6. Nammo AS - Overview
7.3.7. Nammo AS - Major Products and Services
7.3.8. Nammo AS - Recent Announcements and Strategic Initiatives
7.3.9. Nammo AS - Alliances
7.3.10. Dynasafe AB - Overview
7.3.11. Dynasafe AB - Major Products and Services
7.3.12. Dynasafe AB - Recent Announcements and Strategic Initiatives
7.3.13. Dynasafe AB - Recent Contract Wins
7.3.14. Scanjack AB - Overview
7.3.15. Scanjack AB - Major Products and Services
7.3.16. Scanjack AB - Recent Announcements and Strategic Initiatives
7.3.17. Scanjack AB - Recent Contract Wins
7.3.18. Åkers Krutbruk Protection AB - Overview
7.3.19. Åkers Krutbruk Protection AB - Major Products and Services
7.3.20. Åkers Krutbruk Protection AB - Recent Announcements and Strategic Initiatives
7.3.21. Åkers Krutbruk Protection AB - Alliances
7.3.22. Åkers Krutbruk Protection AB - Recent Contract Wins
7.3.23. Logica - Overview
7.3.24. Logica - Major Products
7.3.25. Logica - Alliances
7.3.26. Logica - Recent Contract Wins
7.3.27. Niscayah - Overview
7.3.28. Niscayah - Major Products
7.3.29. Niscayah - Recent Announcements and Strategic Initiatives
7.3.30. Niscayah - Alliances
7.3.31. Niscayah - Recent Contract Wins

8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP Per Capita
8.1.2. GDP, Current Prices (US$ Billions)
8.1.3. Exports of goods and services, current prices (LCU billions)
8.1.4. Imports of goods and services, current prices (US$ billions)
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 (US$ Billions)
8.1.8. Market Capitalization of Listed Companies (% of GDP)
8.1.9. Government Cash Surplus/Deficit as % of GDP (LCU)
8.1.10. Goods Exports as % of GDP
8.1.11. Goods Imports as % of GDP
8.1.12. Services Imports as % of GDP
8.1.13. Services Exports as % of GDP
8.1.14. Foreign Direct Investment, net (BoP, current US$ Billions)
8.1.15. Net Foreign Direct Investment as % of GDP
8.1.16. Mining, Manufacturing, Utilities Output (LCU Billion)

9. Appendix

List of Tables
Table 1: Key Swedish Land Forces Procurement and Modernization Programs
Table 2: Key Swedish Naval Forces Procurement and Modernization Programs
Table 3: Key Swedish Air Force Procurement and Modernization Programs
Table 4: Swedish - Army Strength, 2018
Table 5: Swedish - Air Force Strength, 2018
Table 6: Swedish - Navy Strength, 2018
Table 7: Swedish - Ongoing Development and Procurement Programs, 2018
Table 8: Swedish - Future Procurement Programs, 2018
Table 9: Swedish - Top Defense Procurement Programs by Value (US$ Million), 2018-2023
Table 10: Swedish Defense and Security Expenditure (SEK Billion & US$ Billion), 2014-2023
Table 11: Swedish GDP Growth v/s. Defense Expenditure as Percentage of GDP Growth, 2014 -2023
Table 12: Swedish Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Table 13: Swedish Defense Capital Expenditure, (SEK Million & US$ Billion), 2014-2023
Table 14: Swedish Per Capita Defense Expenditure (US$), 2014-2023
Table 15: Swedish Defense Expenditure Breakdown (%), 2014-2023
Table 16: Swedish - Defense Budget Breakdown by Service (SEK Billion), 2014-2023
Table 17: Swedish - Defense Budget Breakdown by Service ( US$ Billion), 2014-2023
Table 18: Swedish Homeland Security Expenditure, (SEK Billion & US$ Billion), 2014-2023
Table 19: Terrorism Index, 2018
Table 20: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023
Table 21: Top Sweden Defense Sectors by Value (US$ Million), 2018-2023
Table 22: Top Country Ranking by Arms Exports, 2013-2017
Table 23: Swedish Defense Offset Program
Table 24: Swedish Budget Formation Timetable
Table 25: Competitive Landscape of the Swedish Defense Industry
Table 26: Top Defense Suppliers in the Swedish Defense Industry - By Value (US$ Million) 2018-2023
Table 27: SAAB - Major Products and Services
Table 28: SAAB - Alliances
Table 29: SAAB - Recent Contract Wins
Table 30: BAE Systems AB - Major Products
Table 31: BAE Systems AB - Alliances
Table 32: BAE Systems AB - Recent Contract Wins
Table 33: Nammo AS - Major Products and Services
Table 34: Nammo AS - Alliances
Table 35: Dynasafe AB - Main Products
Table 36: Dynasafe AB - Recent Contract Wins
Table 37: Scanjack AB - Major Products
Table 38: Scanjack AB - Recent Contract Wins
Table 39: Akers Krutbruk Protection AB - Major Products and Services
Table 40: Akers Krutbruk Protection AB - Alliances
Table 41: Akers Krutbruk Protection AB - Recent Contract Wins
Table 42: Logica - Major Products
Table 43: Logica - Alliances
Table 44: Logica - Recent Contract Wins
Table 45: Niscayah - Major Products
Table 46: Niscayah - Alliances
Table 47: Niscayah - Recent Contract Wins

List of Figures
Figure 1: Swedish Defense Expenditure (SEK Billion), 2014-2023
Figure 2: Swedish Defense Expenditure (US$ Billion), 2014-2023
Figure 3: Swedish GDP Growth vs. Defense Expenditure as Percentage of GDP, 2014-2023
Figure 4: Swedish Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Figure 5: Swedish Defense Capital Expenditure (SEK Billion), 2014-2023
Figure 6: Swedish Defense Capital Expenditure (US$ Billion), 2014-2023
Figure 7: Swedish Per Capita Defense Expenditure (US$), 2014-2023
Figure 8: Swedish Defense Expenditure Breakdown (%), 2014-2023
Figure 9: Swedish - Defense Budget Breakdown by Service (SEK Billion), 2014-2023
Figure 10: Swedish - Defense Budget Breakdown by Service (US$ Billion), 2014-2023
Figure 11: Swedish Homeland Security Expenditure (SEK Billion), 2014-2023
Figure 12: Swedish Homeland Security Expenditure (US$ Billion), 2014-2023
Figure 13: Terrorism Heat Map, 2018
Figure 14: Terrorism Index, 2018
Figure 15: Benchmarking with Key Markets, 2014-2018 vs. 2019-2023
Figure 16: Benchmarking with World’s Largest Defense Spenders (US$ Billion), 2014 and 2023
Figure 17: Benchmarking with Large Defense Spenders as % of GDP - 2018
Figure 18: Land-Based C4ISR (US$ Million), 2018-2023
Figure 19: Fighters & Multi-Role Aircraft (US$ Million), 2018-2023
Figure 20: Cyber-Security (US$ Million), 2018-2023
Figure 21: Top Swedish Defense Procurements in Terms of Their Supplier Relationships
Figure 22: Swedish Defense Import Trend (US$ Million), 2013-2017 (TIV values)
Figure 23: Swedish Defense Imports by Country (%), 2013-2017 (TIV values)
Figure 24: Swedish Defense Imports by Weapon Category (%), 2013-2017
Figure 25: Swedish Defense Export Trend (US$ Million), 2013-2017 (TIV values)
Figure 26: Swedish Defense Export Trend by Country (%), 2013-2017 (TIV values)
Figure 27: Swedish Defense Export Trend by Weapon Category (%), 2013-2017 (TIV values)
Figure 28: Industry Dynamics - Porter’s Five Forces Analysis
Figure 29: Swedish FMV Organization Chart
Figure 30: SAAB - Revenue Trend Analysis (SEK Billion), 2013-2017
Figure 31: SAAB - Operating Profit Trend Analysis (SEK Million), 2013-2017
Figure 32: SAAB - Net Profit Trend Analysis (SEK Million), 2013-2017
Figure 33: Swedish GDP Per Capita (US$), 2015-2025
Figure 34: Swedish GDP at Current Prices (US$ Billion), 2015-2025
Figure 35: Swedish Exports of Goods and Services, Current Prices (LCU Billion), 2005-2014
Figure 36: Swedish Imports of Goods and Services, Current Prices (US$ Billion), 2005-2014
Figure 37: Swedish Gross National Disposable Income, 2005-2014
Figure 38: Local Currency Unit per US$, 2015-2024
Figure 39: Market Capitalization of Listed Companies in Sweden (US$ Billion), 2005-2012
Figure 40: Swedish Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 41: Swedish Government Cash Surplus/ Deficit as % of GDP (LCU), 2005-2012
Figure 42: Swedish Goods Exports as % of GDP, 2005-2014
Figure 43: Swedish Goods Imports as % of GDP, 2005-2014
Figure 44: Swedish Services Imports as % of GDP, 2005-2014
Figure 45: Swedish Services Exports as % of GDP, 2002-2011
Figure 46: Swedish Foreign Direct Investment, net (BoP, current US$ Billion), 2005-2014
Figure 47: Swedish Net Foreign Direct Investment as % of GDP, 2005-2014
Figure 48: Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

Note: Product cover images may vary from those shown
3 of 6

Loading
LOADING...

4 of 6
  • Akers Krutbruk
  • BAE Systems AB
  • Dynasafe AB
  • Logica and Niscayah
  • Nammo Group
  • Saab
  • Scanjack AB
Note: Product cover images may vary from those shown
5 of 6
6 of 6
Note: Product cover images may vary from those shown
Adroll
adroll