Netherlands Defense Market - Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028

Prior to Russia’s invasion of Ukraine, the Dutch government did not make defense spending a priority. Since the return of high-intensity warfare to Europe, the Netherlands has made a more determined effort to modernize its armed forces and share NATO’s burden. The increase in defense spending over the historic period (2020-24) demonstrates this commitment. While the Netherlands only spent $12.8 billion on defense at the start of the decade, 2024 is expected to be a consequential year. With $22.8 billion earmarked for defense in 2024, the Dutch government has budgeted for a 41.8% increase from 2023. The historic period (2020-24) registers a CAGR of 15.5%, further highlighting this change in posture.

Against the backdrop of war in Europe, the country’s defense budget is expected to increase throughout forecast period (2025-29), if only gradually. During this period, the Dutch defense expenditure is expected to register a CAGR of 4.1% and reach $31.2 billion by 2029. The forecasted data suggests the Netherlands will spend more than 2.0% of GDP on defense for the remainder of the decade.

Key Highlights

• Following the beginning of the conflict in Ukraine, the Netherlands committed to increased defense expenditure to meet NATO targets and strengthen its defense capabilities.
• Modernization
• Even prior to the invasion of Ukraine, the country sought significant defense modernization through several acquisition plans.
• Pressure from Allies
• Dutch leaders face external pressure to meet NATO targets, especially as Dutch Prime Minister Mark Rutte seeks to become Secretary General of NATO.
• Major ongoing procurement program include procurement of C-390 Millennium, F-35A, and the Belgian-Dutch rMCM program

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 Netherlands 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 -
• Netherlands defense budget: detailed analysis of Netherlands 2024 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 Netherlands military doctrine and strategy to provide a comprehensive overview of Netherlands military procurement regulation.
• Security Environment: political alliances and perceived security threats to Netherlands 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 Netherlands defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of Netherlands 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 Netherlands 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 Netherlands 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 Netherlands 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