ICD Research White Papers
The Danish Defense Industry - Market Opportunities, Entry Strategies, Analyses and Forecasts to 2016
During the review period Danish defense expenditure registered a CAGR of -1.32%, and in 2011 was valued at US$4.3bn. Active participation in NATO and United Nations peacekeeping missions, counter-piracy operations and measures against potential terrorist threats stimulated expenditure during the review period. Such factors are expected to drive defense expenditure at a limited pace throughout the forecast period, with spending likely to decrease at a CAGR of -3.04% to reach US$3.63bn by 2016. The Danish defense budget stood at 1.2% of GDP in 2011, and is expected to decline to 0.9% of GDP by 2016 as the country's GDP grows at a faster rate than its defense budget.
Key opportunities for the country are expected in areas such as self-propelled artillery vehicles, armored personnel carriers (APC), armored wrecker vehicles, guided multiple launch rocket system (GMLRS), other armored vehicles, ship-based helicopters and advanced communication systems. The Danish Navy plans to acquire twelve MH-60R multi-mission helicopters and associated parts, equipment and logistical support from the US for an estimated US$2.0bn, which is likely to improve the country's anti-submarine and surface warfare capability and provide improved search and rescue and anti-ship surveillance capability.
Download this free white paper to find out more.