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Finland Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025

  • ID: 5146029
  • Report
  • September 2020
  • Region: Finland
  • 56 pages
  • GlobalData
1h Free Analyst Time

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Summary

Finland Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key defense expenditure drivers, key procurement programs and major challenges faced by market participants.

The increasing military tension in the Baltic Sea and the growing threat from Russia have compelled Finland to accelerate the modernization of its armed forces. The government has planned several initiatives such as the Squadron 2020 and the HX fighter program. The HX fighter program is the most significant procurement project and the biggest future item expenditure within Finland’s defense budget. It aims at replacing the Air Force's fleet of 62 Boeing F/A-18C/D Hornets by 2030.

This report offers detailed analysis of the Finnish defense market 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.

Increasing military tension in Baltic sea and the armed forces mordernization programs are expected to drive the defense expenditure over the forecast period.

Missiles, sensors and armored vehicles accounted for major share of defense equipment imports for Finland during 2015-2019.

Scope

In particular, it provides an in-depth analysis of the following -
  • The Finnish defense industry market size and drivers: detailed analysis of the Finland's defense industry during 2021-2025, 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
  • Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
  • Market opportunities:list of the top ten defense investment opportunities over the next 5 years
Reasons to Buy
  • Determine prospective investment areas based on a detailed trend analysis of the Finland defense market over the next five years
  • Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Finland market and identify the opportunities offered.
  • Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
  • Identify the major threats that are driving the Finnish defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the Finland government
Note: Product cover images may vary from those shown
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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 Procurement Programs
3.2 FutureProcurement Programs
Top Procurement Programsby Value (US$ Million), 2020-2025
3.3 Key Drivers and Challenges
3.4 Defense Market Size Historical and Forecast
3.4.1 Finnish defense budget to grow at a CAGR of 3.54% over2021-2025
3.4.2 Modernization programs, international peacekeeping missions, and a perceived security threat from Russia are the main factors drivingFinnish defense expenditure
3.5 Analysis of Defense Budget Allocation
3.5.1 Defense expenditure as a percentage of GDP to reach 1.27% by 2025
3.5.2 Revenue expenditure allocation is higher than capital expenditure over forecast period
3.5.3 Capital expenditure expected to grow at a CAGR of 4.33%over the forecast period
3.5.4 Per capita defense expenditure expected to increaseover the forecast period
3.6 Homeland Security Market Size and Forecast
3.6.1 Homeland security expenditure is expected to grow at a CAGR of 1.39% overthe forecast period
3.6.2 Homeland security expenditure in Finland is mainly driven by organized crime and maritime security threats
3.7 Benchmarking with Key Global Markets
3.7.1 Finnish defense budget to increase at a CAGR of 3.54% over2021-2025
3.7.2 Finnish defense expenditure is small compared to the leading European spenders
3.7.3 Finland trails behind European states in terms of defense spending
3.8 Market Opportunities: Key Trends and Drivers
3.8.1 Top 10 Defense Market Sectors by Value (US$ Million) - Projections over 2021-2025

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 US and Netherland accounted for 68% of defense imports in 2015-2019
4.1.3 Missiles, sensors and armored vehicles constitute the majority of Finnish arms imports
4.2 Export Market Dynamics
4.2.1 Finnish exports are expected to grow over the forecast period
4.2.2 Poland and United Kingdom account for the majority of Finnish defense exports
4.2.3 Engines are the mostexported defense hardware during 2015-2019

5 Market Entry Strategy
5.1 Market Regulation
5.1.1 The government encourages offsets in order to develop a domestic defense industrial base
5.1.2 Finnish defense sector is open to foreign direct investments
5.2 Market Entry Route
5.2.1 Budgeting Process
5.2.2 Procurement Policy and Process
5.2.3 Foreign OEMs gain industry access through joint venture programs
5.2.4 Government-to-government dealsto Finnish defense market

6 Competitive Landscape and Strategic Insights
6.1 Competitive Landscape Overview

7 Business Environment
7.1 Economic Performance
7.1.1 Real GDP Growth
7.1.2 Nominal GDP Per Capita (US$)
7.1.3 Consumer Price Inflation (%)
7.1.4 Unemployment Rate
7.1.5 Public Sector Finances: Budget Surplus/Deficit (% of GDP)

8 Appendix
8.1 About the Publisher
8.2 Disclaimer

List of Tables
Table 1: Finnish Ongoing Procurement Programs
Table 2: Finnish Future Procurement Programs
Table 3: Top Finnish Defense Procurement Programs by Value (US$ Million), 2020-2025
Table 4: Finnish Defense Expenditure (EUR Billion and US$ Billion), 2016-2025
Table 5: Finnish GDP Growth vs Defense Expenditure as Percentage of GDP Growth, 2016-2025
Table 6: Finnish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025
Table 7: Finnish Defense Capital Expenditure (EUR Billion and US$ Billion), 2016-2025
Table 8: Finnish Per Capita Defense Expenditure (US$), 2016-2025
Table 9: Finnish Homeland Security Expenditure (EUR Billion and US$Billion), 2016-2025
Table 10:Benchmarking with Key Markets:2016-2020 vs 2021-2025
Table 11: Top 10 Finnish Defense Market Sectors by Value (US$ Million) -2021-2025
Table 12: Offset Regulations in Finland
Table 13: Offset Multiplier Categories
Table 14: Top Defense Suppliers in the Finnish Defense Industry - By Value (US$ Million) 2021-2025
Table 15: Competitive Landscape in the Finnish Defense Market

List of Figures
Figure 1: Finnish Defense Budget: 2021 and 2025
Figure 2: Finnish Defense Imports/Exports: 2015 and 2019
Figure 3: Finland’s Top Three Prospective Procurements/Developments
Figure 4: Finnish Defense Expenditure (EUR Billion),2016-2025
Figure 5: FinnishDefense Expenditure (US$ Billion),2016-2025
Figure 6: Finnish GDP Growth vs DefenseExpenditure as a Percentage of GDP, 2016-2025
Figure 7: Finnish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025
Figure 8: Finnish Capital Budget Allocation (EUR Billion),2016-2025
Figure 9: Finnish Capital Budget Allocation (US$ Billion), 2016-2025
Figure 10: Finnish Per Capita Defense Expenditure (US$), 2016-2025
Figure 11: Finnish Homeland Security Budget (EUR Billion), 2016-2025
Figure 12: Finnish Homeland Security Budget (US$Billion), 2016-2025
Figure 13: Benchmarking with Key Markets, 2016-2020 vs 2021-2025
Figure 14: Benchmarking with World’s Largest Defense Spenders (US$ Billion), 2020 and 2025
Figure 15: Benchmarking with Large Defense Spenders as a Percentage of GDP, 2020
Figure 16: Finnish Defense Imports (US$ Million), 2015-2019
Figure 17: Finnish Defense Imports by Country (%), 2015-2019
Figure 18: Finnish Defense Imports by Category, 2015-2019
Figure 19: Finnish Defense Export Trend (US$ Million), 2015-2019
Figure 20: Finnish Defense Exports by Country (%), 2015-2019
Figure 21: Finnish Defense Exports by Category, 2015-2019
Figure 22: Finland Budgeting Process
Figure 23: Real GDP Growth, 2016-2025
Figure 24:Nominal GDP Per Capita (US$), 2016-2025
Figure 25: Consumer Price Inflation (%), 2016-2025
Figure 26: Unemployment Rate, 2016-2025
Figure 27: Finland’s Public Sector Finances: Budget Surplus/Deficit (% of GDP), 2016-2025
Note: Product cover images may vary from those shown
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