Monday 17 June 2013, Amsterdam
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:
- Market opportunity and attractiveness
- Procurement dynamics
- Industry structure
- Market entry strategy
- Competitive landscape and strategic insights
- Business environment and country risk
Some key insights include:
- Danish defense budget to decline at a CAGR of -9.16% over the forecast period
- Defense imports and exports are expected to recover
- The country’s defense exports are expected to increase due to the MoD’s plans to spend more on modernization
- Denmark’s focus on enhancing its cyber security and counterterrorism
- Homeland security budget has increased from US$3.7 billion in 2009 to US$4.1 billion in 2013, and is expected to increase further to US$4.6 billion by 2018
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