Denmark Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028

Denmark Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2023-2028 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

The Danish defense budget is set to see high levels of growth over the forecast period, with a positive CAGR of 4.7% between 2024 to 2028. This will result in the budget rising from $5.1 billion in 2023 to $6.3 billion in 2028. The increase in Danish defense expenditure is primarily driven by the government's response to the conflict in Ukraine and continuing pressure to meet NATO’s 2.0% of GDP spending target. Historically, Denmark has fallen far short of this figure, only spending 1.0% of GDP on defense in 2022. However, in light of the invasion of Ukraine by Russia, the Danish government announced plans to spend 2.0% by 2030.

Key Highlights

• Drivers of Defense expenditure include Modernization programs, NATO targets, and Internal operations
• Major ongoing procurement program include procurement of F-35A, Patrol Vessels, and precise and universal launching systems

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Scope

This report offers detailed analysis of Denmark 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.

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

• Denmark defense budget: detailed analysis of Denmark 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of Denmark military doctrine and strategy to provide a comprehensive overview of Denmark military procurement regulation.
• Security Environment: political alliances and perceived security threats to Denmark are examined; there help to explain trends in spending and modernisation.
• Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
• Competitive landscape and strategic insights: analysis of the competitive landscape of Denmark's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Denmark 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 Danish 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 Denmark defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Danish government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available