Finnish Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

Finnish Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

Finnish Defense Industry - Attractiveness, Competitive Landscape and Forecasts to 2024, 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.

This report offers detailed analysis of the Finnish defense industry 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 -
- The Finnish defense industry market size and drivers: detailed analysis of the Finnish defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget. It also details the key challenges faced by defense market participants within the country
- Porters Five Force analysis of the Finnish defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
- Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years
- Market opportunities: details of the top five defense investment opportunities over the next 10 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Finnish defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis


- Finlands total defense expenditure stands at US$0.60 billion in 2018, and is expected to grow at a CAGR of 6.66% over the forecast period, to reach US$0.84 billion in 2024. Finnish defense expenditure is primarily driven by participation in peacekeeping initiatives, the soldier modernization program, naval fleet modernization initiatives and the procurement of advanced technology equipment. Finland is an active participant in the crisis management programs mandated by the United Nations (UN). The Finnish defense industry is expected to focus its expenditure on Leopard 2A6 main battle tanks, multi-role aircraft, modernizing corvettes and acquiring land based C4ISR systems.
- Finnish defense capital expenditure is expected to increase from US$0.22 billion in 2019 to US$0.42 billion in 2024, growing at a CAGR of 14.77%. The Finnish Defense Ministry is expected to procure multirole fighter aircraft, search and rescue helicopters, armored vehicles, main battle tanks, cyber security, a joint strike missile (JSM) system, and submarines. Revenue expenditure is expected to increase from US$0.38 billion in 2019 to US$0.42 billion in 2024, attributed to additional training and development programs that are to be undertaken over the forecast period.
- The country is anticipated to spend significantly on fighters and multirole aircraft, land-based C4ISR, corvettes, in addition to cyber security, surveillance systems, airport security, biometric systems, video-surveillance systems, training, and cyber security software during the forecast period.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Finnish defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the Finnish defense industry covering sections including demand drivers, Porters Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Summary Methodology
1.4 About GlobalData
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
3.1 Current Market Scenario
3.1.1 Procurement Programs
Ongoing Procurement Programs
Future Procurement Programs
3.1.2 Top Procurement Programs By Value (US$ Million), 2018-2023
3.2 Key Drivers and Challenges
3.3 Defense Market Size Historical and Forecast
3.3.1 Finnish defense budget to grow at a CAGR of 6.66% over 2020-2024
3.3.2 Modernization programs, international peacekeeping missions, and a perceived security threat from Russia are the main factors driving Finnish defense expenditure
3.4 Analysis of Defense Budget Allocation
3.4.1 Defense expenditure as a percentage of GDP to reach 0.26% by 2024
3.4.2 Revenue expenditure allocation expected to increase over the forecast period
3.4.3 Capital expenditure expected to grow at a CAGR of 14.65% over the forecast period
3.4.4 Per capita defense expenditure expected to increase over the forecast period
3.5 Homeland Security Market Size and Forecast
3.5.1 Homeland security expenditure is expected to grow at a CAGR of 1.61% over the forecast period
3.5.2 Homeland security expenditure in Finland is mainly driven by organized crime and maritime security threats
3.6 Benchmarking with Key Global Markets
3.6.1 Finnish defense budget to increase at a CAGR of 6.66% over 2020-2024
3.6.2 Finnish defense expenditure is small compared to the leading spenders
3.6.3 Finland trails behind European states in terms of defense spending
3.7 Market Opportunities: Key Trends and Drivers
3.7.1 Top 10 Defense Market Sectors by Value (US$ Million) - Projections over 2019-2024
4 Defense Procurement Market Dynamics
4.1 Import Market Dynamics
4.1.1 Defense imports are expected to increase over the forecast period
4.1.2 European countries, including Italy, Sweden, and France, were the major suppliers to Finland during 2014-2018
4.1.3 Missiles, sensors and armored vehicles constitute the majority of Finnish arms imports
4.2 Export Market Dynamics
4.2.1 Finnish exports are expected to grow over the forecast period
4.2.2 EU countries account for the majority of Finnish defense exports
4.2.3 Armored vehicles are the largest exported defense hardware
5 Market Entry Strategy
5.1 Market Regulation
5.1.1 The government encourages offsets in order to develop a domestic defense industrial base
5.1.2 Finnish defense sector is open to foreign direct investments
5.2 Market Entry Route
5.2.1 Budgeting Process
5.2.2 Procurement Policy and Process
5.2.3 Partnerships with domestic defense firms offer attractive market entry route
5.2.4 Foreign OEMs gain industry access through joint R&D programs
5.2.5 Foreign military sales to Finnish defense market
5.2.6 Collaborations provide market entry opportunities
6 Competitive Landscape and Strategic Insights
6.1 Competitive Landscape Overview
7 Business Environment and Country Risk
7.1 Economic Performance
7.1.1 GDP per Capita at Constant Prices
7.1.2 GDP at Current Prices (US$)
7.1.3 Exports of Goods and Services (Current LCU Billion)
7.1.4 Imports of Goods and Services (Current LCU Billion)
7.1.5 Gross National Disposable Income (US$ Billion)
7.1.6 LCU per US$ (Period Average)
7.1.7 Market Capitalization of Listed Companies (US$ Billion)
7.1.8 Market Capitalization of Listed Companies (% of GDP)
7.1.9 Government Cash Surplus/Deficit as a Percentage of GDP (LCU)
7.1.10 Goods Exports as a Percentage of GDP
7.1.11 Goods Imports as a Percentage of GDP
7.1.12 Services Imports as a Percentage of GDP
7.1.13 Services Exports as a Percentage of GDP
7.1.14 Foreign Direct Investment, net (BoP, Current US$ Billion)
7.1.15 Net Foreign Direct Investment as a Percentage of GDP
7.1.16 Mining, Manufacturing, Utilities Output (LCU Billion)
8 Appendix
8.1 About GlobalData
8.2 Disclaimer

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