Future Of The Danish Defense Industry-Market Attractiveness, Competitive Landscape And Forecasts To 2022 The Future of the Danish Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2022, published by Strategic Defence Intelligence, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news. Denmark's military expenditure, valued at US$3 billion in 2017, registered a declining growth rate of -7.96% during 2013-2017. The weak national fiscal condition and Europe's sluggish recovery from the economic slowdown has affected the growth rate of the market; and is expected to do so for the next two years.
The Danish Defense Agreement 2013-2017 mandated the Ministry of Defence (MoD) to save US$0.5 billion annually on military expenditure during 2015-2017, in an effort to reduce the country's debt. Over the forecast period, the country's defense budget is expected to further decrease to US$2.8 billion in 2022, reflecting a CAGR of -1.20%. On a cumulative basis, the country is expected to invest US$14.3 billion for defense purposes, of which US$1.4 billion is earmarked for capital expenditure to fund defense procurements. The government's welldefined military modernization plans to counter influence of Russia and its duties with respect to NATO are expected to corner significant part of investment. The MoD is expected to invest in fighters & multi-role Aircraft, Armored Personnel Carrier (APC), and Military-IT & Networking over the coming years. This report offers detailed analysis of the Danish defense industry with