0
0
Home » Aerospace and Defense

Sweden Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027

The Sweden defense budget stands at $8.4 billion in 2022. The market is expected to grow at a CAGR of more than 7% during 2023-2027. There are strong indicators that the budget will continue to grow over the forecast period. These include the level of spending over the past two years despite the COVID-19 pandemic, the vocal commitment to budget increases from Swedish politicians, and the fallout from the Russian invasion of Ukraine in February 2022.

The Sweden defense market report provides an overview of the Swedish defense market, outlining future programs and predicted expenditures. This report predicts future Swedish defense expenditures and includes the likely effect of this on the market.

Sweden Defense Market Overview

Sweden Defense Market Overview

To gain more information on Sweden defense market forecast, download a free report sample

What are the market drivers in the Sweden defense industry?

Major capabilities in the Swedish Armed Forces are currently undergoing significant changes in the form of new platforms or upgrades of existing ones. Sweden is an active participant in multiple organizations, such as the UN and the EU, that use military forces for peacekeeping and stabilization efforts, which the country sees as important to upholding its political neutrality. Sustaining a basic logistical and expeditionary capability to support such operations will be a continuing driver of Swedish defense expenditure.

Furthermore, Sweden is one of the most digitized societies in the world which creates new vulnerabilities for the country. The country has committed to building a dedicated cybersecurity center and cooperates closely with similar establishments in both the EU and NATO to mitigate the risk of large-scale cyber-attacks. Extremist-motivated terrorism is still seen as an acute threat to Swedish security. The government has outlined plans for continued commitment to training Iraqi Security Forces and Swedish military participation in French-led counterterror operations in Mali.

What are the military doctrines and defense strategies in Sweden?

As an active participant in the international community, Sweden fosters close relationships with its neighbors and partners further afield, which improves its overall security situation and incentivizes the military to be ready for deployment abroad. Government bills are produced periodically which outline the direction and spending goals for the Swedish military over a multi-year agreement. The Swedish military describes its main role as deterring and repulsing all forms of military attack to protect Sweden’s integrity, either independently or with others. It also aims to contribute to a ‘robust and ready’ society in times of peace, crisis, or war. The goal of its military strategy, as outlined in the 2020 document, is to preserve and improve the ability to defend Sweden against attack and protect Swedish ‘Security, freedom, independence and freedom of action.’

What are the key sectors in the Sweden defense market?

The key sectors in the Sweden defense market are military fixed-wing, naval vessels and surface combatants, submarines, missiles and missile defense systems, military infrastructure and logistics, and tactical communications.

Military Fixed-Wing

Fixed-wing aircraft are anticipated to form the largest sector in the Swedish defense market.

Military Infrastructure and Logistics

Military infrastructure and logistics is expected to form the second-largest sector within the Sweden defense market.

Naval Vessels and Surface Combatants

The third-largest sector in the Swedish defense market is naval vessels and surface combatants. Within this sector, only two segments are forecast to receive funding, namely corvettes and light combat vessels. The Swedish navy does not operate larger classes of surface combatants.

Sweden Defense Market Analysis by Sector

Sweden Defense Market Analysis by Sector

For more sector insights, download a free report sample

Which are the key companies in the Sweden defense market?

Some of the key companies in the Sweden defense market are Saab AB, Swedish Space Corp, MilDef Group AB, GomSpace Group AB, AAC Clyde Space AB, BAE Systems Hagglunds AB, Aimpoint AB, Akers Krutbruk Protection Aktiebolag, Carmenta AB, CNS Systems, Exensor Technology AB, and Saab Aerotech AB.

Market report scope

Market size (2022) $8.4 billion
CAGR (2023-2027) >7%
Forecast Period 2022-2027
Key sectors Military Fixed Wing, Naval Vessels and Surface Combatants, Submarines, Missiles and Missile Defense Systems, Military Infrastructure and Logistics, and Tactical Communications
Key companies Saab AB, Swedish Space Corp, MilDef Group AB, GomSpace Group AB, AAC Clyde Space AB, BAE Systems Hagglunds AB, Aimpoint AB, Akers Krutbruk Protection Aktiebolag, Carmenta AB, CNS Systems, Exensor Technology AB, and Saab Aerotech AB

This report provides:

  • Political alliances and political threat perceptions as well as detailing market attractiveness and emerging opportunities.
  • Budgetary trends over the next 5 years to 2027, outlining predicted expenditure as well as expected costs.

Reasons to Buy

  • Determine potential investment opportunities based on analysis and market projections.
  • Gain an understanding of the Swedish defense market and potential limitations to involvement.
  • Understanding of how spending will change in the next 5 years and the impact of COVID-19.

Key Players

Saab AB

BAE Systems Hagglunds AB

MilDef Group AB

Aimpoint AB

Raytheon

Rheinmetall

Boeing

Table of Contents

Table of Contents

Executive Summary

Defense Budget Assessment

Budgeting Process

Defense Market Size Historical And Forecast

Drivers Of Defense Expenditure

Analysis Of Defense Budget Allocation

Military Doctrine And Security Environment

Military Doctrine And Strategy

Political And Strategic Alliances

Market Entry Strategy And Regulations

Defense Procurement Bodies

Funding Opportunities

Trade Associations and Clusters

Types of Contracts and Opportunities

How is the Type of Procurement Procedure Decided?

Types of European Procurement Procedure

Types of Swedish National Procurement Procedure

Procurement Policy and Market Regulations

Market Entry Routes

Key Challenges

Major M&A, Financing and Partnerships of

Sweden Defense Market

Market Attractiveness And Emerging Opportunities

Market Attractiveness by Defense Sector

Top Defense Segments By Value

Import And Export Market Dynamics

Import Market Dynamics

Export Market Dynamics

Defense Platform Acquisitions

Defense Platform Acquisitions By Value

Saab JAS39E Gripen

Replacement for Gavle and Stockholm Class Corvettes

Blekinge Class Submarines

MIM 104 Patriot

Amphibious Artillery Boats

Fleet Size

Competitive Landscape

Defense Companies Operating In Sweden

Main Defense Companies

Appendix

About This Report

About Us

Contact Us

List of Tables

List of Tables

Table 1: Key Swedish Land Forces Procurement and Modernization Programs

Table 2: Key Swedish Naval Forces Procurement and Modernization Programs

Table 3: Key Swedish Air Force Procurement and Modernization Programs

Table 4: Swedish Ongoing Development and Procurement Programs

Table 5: Swedish – Future Procurement Programs, 2018

Table 6: Swedish – Top Defense Procurement Programs by Value (US$ Million), 2020-2025

Table 7: Swedish Defense Cooperation

Table 8: Sweden Military Training Exercises

Table 9: Swedish Defense and Security Expenditure (SEK Billion and US$ Billion), 2016-2025

Table 10: Swedish GDP Growth vs. Defense Expenditure as a Percentage of GDP Growth, 2016 -2025

Table 11: Swedish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025

Table 12: Swedish Defense Capital Expenditure (SEK Million and US$ Billion), 2016-2025

Table 13: Swedish Per Capita Defense Expenditure (US$), 2016-2025

Table 14: Swedish Defense Expenditure Breakdown (%), 2016-2025

Table 15: Swedish Defense Budget Breakdown by Service (SEK Billion), 2016-2025

Table 16: Swedish – Defense Budget Breakdown by Service ( US$ Billion), 2016-2025

Table 17: Swedish Homeland Security Expenditure (SEK Billion and US$ Billion), 2016-2025

Table 18: Benchmarking with Key Markets, 2016-2020 vs 2021-2025

Table 19: Top Sweden Defense Sectors by Value (US$ Million), 2020-2025

Table 20: Top Country Ranking by Arms Exports, 2014-2018

Table 21: Swedish Defense Offset Program

Table 22: Swedish Budget Formation Timetable

Table 23: Competitive Landscape of the Swedish Defense Industry

Table 24: Top Defense Suppliers in the Swedish Defense Industry by Value (US$ Million), 2020-2025

Table 25: SAAB – Products and Services

Table 26: SAAB – Alliances

Table 27: SAAB – Recent Contract Wins

Table 28: BAE Systems AB – Products

Table 29: BAE Systems AB – Alliances

Table 30: BAE Systems AB – Recent Contract Wins

Table 31: Nammo AS – Products and Services

Table 32: Nammo AS – Alliances

Table 33: Dynasafe AB – Products

Table 34: Dynasafe AB – Recent Contract Wins

Table 35: Scanjack AB – Products

Table 36: Scanjack AB – Recent Contract Wins

Table 37: Akers Krutbruk Protection AB – Products and Services

Table 38: Akers Krutbruk Protection AB – Alliances

Table 39: Akers Krutbruk Protection AB – Recent Contract Wins

Table 40: Logica – Products

Table 41: Logica – Alliances

Table 42: Logica – Recent Contract Wins

Table 43: Niscayah – Products

Table 44: Niscayah – Alliances

Table 45: Niscayah – Recent Contract Wins

List of Figures

List of Figures

Figure 1: Swedish Defense Budget, 2021 and 2025

Figure 2: Swedish Defense Imports/Exports, 2014 and 2018

Figure 3: Sweden’s Top Five Prospective Procurements/Developments

Figure 4: Swedish National Security Threats

Figure 5: Sweden’s Partnering Countries for Defense Cooperation and Military Training

Figure 6: Swedish Defense Expenditure (SEK Billion), 2016-2025

Figure 7: Swedish Defense Expenditure (US$ Billion), 2016-2025

Figure 8: Swedish GDP Growth vs Defense Expenditure as a Percentage of GDP, 2016-2025

Figure 9: Swedish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025

Figure 10: Swedish Defense Capital Expenditure (SEK Billion), 2016-2025

Figure 11: Swedish Defense Capital Expenditure (US$ Billion), 2016-2025

Figure 12: Swedish Per Capita Defense Expenditure (US$), 2016-2025

Figure 13: Swedish Defense Expenditure Breakdown (%), 2016-2025

Figure 14: Swedish Defense Budget Breakdown by Service (SEK Billion), 2016-2025

Figure 15: Swedish Defense Budget Breakdown by Service (US$ Billion), 2016-2025

Figure 16: Swedish Homeland Security Expenditure (SEK Billion), 2016-2025

Figure 17: Swedish Homeland Security Expenditure (US$ Billion), 2016-2025

Figure 18: Benchmarking with Key Markets, 2016-2020 vs 2021-2025

Figure 19: Benchmarking with the World’s Largest Defense Spenders (US$ Billion), 2020 and 2025

Figure 20: Benchmarking with Large Defense Spenders as a Percentage of GDP, 2020

Figure 21: Land-Based C4ISR (US$ Million), 2020-2025

Figure 22: Multirole Aircraft MRO (US$ Million), 2020-2025

Figure 23: Air-borne C4ISR (US$ Million), 2020-2025

Figure 24: Top Swedish Defense Procurements in Terms of Their Supplier Relationships, 2020

Figure 25: Swedish Defense Import Trend (US$ Million), 2014-2018 (TIV Values)

Figure 26: Swedish Defense Imports by Country (%), 2014-2018 (TIV Values)

Figure 27: Swedish Defense Imports by Category (%), 2014-2018

Figure 28: Swedish Defense Export Trend (US$ Million), 2014-2018 (TIV Values)

Figure 29: Swedish Defense Export Trend by Country (%), 2014-2018 (TIV Values)

Figure 30: Swedish Defense Export Trend by Weapon Category (%), 2014-2018 (TIV Values)

Figure 31: Industry Dynamics – Porter’s Five Forces Analysis

Figure 32: Swedish FMV Organization Chart

Figure 33: Key Challenges in the Ukrainian Defense Market

Figure 34: Sweden Market Share Analysis, 2020

Figure 35: Swedish GDP Per Capita (US$/%), 2015-2025

Figure 36: Swedish GDP at Current Prices (US$ Billion/%), 2015-2025

Figure 37: Swedish Exports of Goods and Services, Current Prices (LCU Billion/%), 2005-2014

Figure 38: Swedish Imports of Goods and Services, Current Prices (US$ Billion/%), 2005-2014

Figure 39: Swedish Gross National Disposable Income (US$ Billion/%), 2005-2014

Figure 40: Local Currency Unit per US$, 2015-2024

Figure 41: Market Capitalization of Listed Companies in Sweden (US$ Billion/%), 2005-2012

Figure 42: Swedish Market Capitalization of Listed Companies (% of GDP), 2005-2012

Figure 43: Swedish Government Cash Surplus/Deficit (% of GDP) (LCU), 2005-2012

Figure 44: Swedish Goods Exports (% of GDP), 2005-2014

Figure 45: Swedish Goods Imports (% of GDP), 2005-2014

Figure 46: Swedish Services Imports (% of GDP), 2005-2014

Figure 47: Swedish Services Exports (% of GDP), 2005-2014

Figure 48: Swedish Foreign Direct Investment, Net (BoP, Current US$ Billion), 2005-2014

Figure 49: Swedish Net Foreign Direct Investment (% of GDP), 2005-2014

Figure 50: Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

Frequently Asked Questions

The defense budget in Sweden stands at $8.4 billion in 2022.

 

 

 

The defense market in Sweden is expected to grow at a CAGR of more than 7% during 2023-2027.

The key sectors in the Swedish defense market are military fixed-wing, naval vessels and surface combatants, submarines, missiles and missile defense systems, military infrastructure and logistics, and tactical communications.

Some of the key companies in the Swedish defense market are Saab AB, Swedish Space Corp, MilDef Group AB, GomSpace Group AB, AAC Clyde Space AB, BAE Systems Hagglunds AB, Aimpoint AB, Akers Krutbruk Protection Aktiebolag, Carmenta AB, CNS Systems, Exensor Technology AB, and Saab Aerotech AB.

    Pricing

Discounts available for multiple purchases.

reportstore@globaldata.com
+44 20 7947 2960

Join our mailing list

Saved reports