Denmark’s defense expenditure, which registered a CAGR of 0.52% during the review period, is expected to decline at a CAGR of -9.16% over the forecast period. Danish military spending is estimated to decline from US$4.1 billion in 2013 to US$2.8 billion by 2018. During the review period, Denmark’s ministry of defense (MoD) allocated an average of 72.3% of its total defense budget to revenue expenditure, and the remaining 27.7% to capital expenses. However, the country’s capital expenditure share is expected to average 27.8% over the forecast period as a result of increasing investment in equipment while the country modernizes its armed forces. The share of revenue expenditure is, therefore, expected to decline to 72.2% of the overall defense expenditure.
Uniquely positioned to provide compelling, actionable market intelligence thanks to its rigorous research methodology – which combines secondary research from a wide variety of sources with hundreds of primary interviews with key industry participants and commentators –we are able to combine research on general industry drivers and trends with experts’ attitudes and behaviours, making ‘Future of The Danish Defence Industry’ required reading for those serious about reacting to market trends and capitalizing on opportunities in the global cybersecurity sector.
The report provides an in-depth analysis of: