Future of the Danish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024

Table of Contents

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. Primary Threat Perception
  • 3.1.2. Military Doctrine and Strategy
  • 3.1.3. Procurement Programs
  • 3.1.4. Ongoing procurement programs
  • 3.1.5. Future procurement programs
  • 3.1.6. Top Procurement Programs By Value (US$ Million), 2019-2024
  • 3.1.7. Geopolitical, Social and Economic Scenario
  • 3.1.8. Political and Strategic Alliances
• 3.2. Defense Market Size Historical and Forecast
  • 3.2.1. Danish defense expenditure expected to register a CAGR of 1.61% over the forecast period
  • 3.2.2. Growing Russian assertiveness, participation in NATO peacekeeping operations and increase in cyberattacks are expected to drive defense expenditure over the forecast period
  • 3.2.3. Denmark’s defense expenditure as a percentage of GDP expected to remain stable
• 3.3. Analysis of Defense Budget Allocation
  • 3.3.1. Capital expenditure is expected to account for 36.8% of the defense budget over 2020-2024
  • 3.3.2. Capital expenditure is expected to record a CAGR of 2.99% over the forecast period
  • 3.3.3. Per-capita defense expenditure set to increase over the forecast period
• 3.4. Homeland Security Market Size and Forecast
  • 3.4.1. Danish homeland security expenditure expected to exhibit a negative CAGR of 0.78% during 2020-2024
  • 3.4.2. Cyber security and counter terrorism are the country’s main homeland security concerns
• 3.5. Benchmarking with Key Global Markets
  • 3.5.1. Denmark defense budget expected to increase at a higher rate than other European countries over the forecast period
  • 3.5.2. Danish defense budget expected to remain low compared to other European countries
  • 3.5.3. Denmark allocates a low share of GDP to defense compared to most European countries
• 3.6. Market Opportunities: Key Trends
  • 3.6.1. Top 10 Defense Sectors by Value (US$ Million) - Projections over 2019-2024
  • 3.6.2. Multirole Aircraft
  • 3.6.3. Vehicular-based Tactical Communication Systems
  • 3.6.4. Land-based C4ISR

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. Denmark sourced most of its arms imports from the US
  • 4.1.3. Sensors and aircraft dominate military hardware imports
• 4.2. Export Market Dynamics
  • 4.2.1. Arms exports to recover over the forecast period
  • 4.2.2. Portugal, Malaysia, Finland, Algeria, and Oman are the main purchasers of Danish arms
  • 4.2.3. Sensors and ships together accounted for the majority of exported defense products

5. Industry Dynamics

• 5.1. Five Forces Analysis
  • 5.1.1. Bargaining Power of Supplier: Low to Medium
  • 5.1.2. Bargaining Power of Buyer: High
  • 5.1.3. Barrier to Entry: Low
  • 5.1.4. Intensity of Rivalry: Medium to High
  • 5.1.5. Threat of Substitution: High

6. Market Entry Strategy

• 6.1. Budgeting Process
• 6.2. Procurement Policy and Process
• 6.3. Market Regulation
  • 6.3.1. Offset policy aids development of domestic defense industry
  • 6.3.2. Denmark permits 100% foreign direct investment in the defense sector
• 6.4. Market Entry Route
  • 6.4.1. Forming subsidiaries or acquiring Danish companies are preeminent market entry opportunities
  • 6.4.2. Forming consortiums and product development agreements open new market entry strategy choices
  • 6.4.3. Joint weapon development programs are a viable market entry opportunity
• 6.5. Key Challenges
  • 6.5.1. Low defense budget and limited technological capability hinder the Danish defense market
  • 6.5.2. Preference given to procurements from US and Nordic countries

7. Competitive Landscape and Strategic Insights

• 7.1. Competitive Landscape Overview
  • 7.1.1. Danish defense sector is dominated by domestic competitors
  • 7.1.2. Denmark Market Share Analysis, 2019-2024
• 7.2. Key Domestic Companies
  • 7.2.1. Systematic A/S: Overview
  • 7.2.2. Systematic A/S: Products and Services
  • 7.2.3. Systematic A/S: Recent Announcements and Strategic Initiatives
  • 7.2.4. Systematic A/S: Alliances
  • 7.2.5. Systematic A/S: Recent Contract Wins
  • 7.2.6. Terma A/S: Overview
  • 7.2.7. Terma A/S: Products
  • 7.2.8. Terma A/S: Recent Announcements and Strategic Initiatives
  • 7.2.9. Terma A/S: Alliances
  • 7.2.10. Terma A/S: Recent Contract Wins
  • 7.2.11. Copenhagen Sensor Technology ApS: Overview
  • 7.2.12. Copenhagen Sensor Technology ApS: Products
  • 7.2.13. Copenhagen Sensor Technology ApS: Recent Announcements and Strategic Initiatives
  • 7.2.14. Copenhagen Sensor Technology ApS: Alliances
  • 7.2.15. Copenhagen Sensor Technology ApS: Recent Contract Wins
  • 7.2.16. Danish Aerotech A/S: Overview
  • 7.2.17. Danish Aerotech A/S: Products
  • 7.2.18. Danish Aerotech A/S: Recent Announcements and Strategic Initiatives
  • 7.2.19. Danish Aerotech A/S: Alliances
  • 7.2.20. Danish Aerotech A/S: Recent Contract Wins
  • 7.2.21. Falck Schmidt Defense Systems A/S: Overview
  • 7.2.22. Falck Schmidt Defense Systems A/S: Products
  • 7.2.23. Falck Schmidt Defense Systems A/S: Recent Announcements and Strategic Initiatives
  • 7.2.24. Falck Schmidt Defense Systems A/S: Alliances
  • 7.2.25. Falck Schmidt Defense Systems A/S: Recent Contract Wins
  • 7.2.26. IFAD TS A/S: Overview
  • 7.2.27. IFAD TS A/S: Products
  • 7.2.28. IFAD TS A/S: Recent Announcements and Strategic Initiatives
  • 7.2.29. IFAD TS A/S: Alliances
  • 7.2.30. IFAD TS A/S: Recent Contract Wins
• 7.3. Key Foreign Companies
  • 7.3.1. Lockheed Martin Denmark: Overview
  • 7.3.2. Lockheed Martin Denmark: Products and Services
  • 7.3.3. Lockheed Martin Denmark: Recent Announcements and Strategic Initiatives
  • 7.3.4. Lockheed Martin Denmark: Alliances
  • 7.3.5. Lockheed Martin Denmark: Recent Contract Wins
  • 7.3.6. Lockheed Martin: Financial Analysis
  • 7.3.7. TenCate Advanced Armour Denmark A/S: Overview
  • 7.3.8. TenCate Advanced Armour Denmark A/S: Products
  • 7.3.9. TenCate Advanced Armour Denmark A/S: Recent Announcements and Strategic Initiatives
  • 7.3.10. TenCate Advanced Armour Denmark A/S: Alliances
  • 7.3.11. TenCate Advanced Armour Denmark A/S: Recent Contract Wins

8. Business Environment and Country Risk

• 8.1. Economic Performance
  • 8.1.1. GDP per Capita
  • 8.1.2. GDP, current US$ Billion
  • 8.1.3. Exports of Goods and Services
  • 8.1.4. Imports of Goods and Services
  • 8.1.5. Gross National Disposable Income
  • 8.1.6. Local Currency Unit per US$, Period Average
  • 8.1.7. Market Capitalization of Listed Companies
  • 8.1.8. Market Capitalization of Listed Companies (% of GDP)
  • 8.1.9. Government Cash Surplus/Deficit (% of GDP) (LCU)
  • 8.1.10. Goods Exports (% of GDP)
  • 8.1.11. Goods Imports (% of GDP)
  • 8.1.12. Services Imports (% of GDP)
  • 8.1.13. Services Exports (% of GDP)
  • 8.1.14. Foreign Direct Investment, net (BoP, current US$ Billion)
  • 8.1.15. Net FDI (% of GDP)
  • 8.1.16. Mining, Manufacturing, Utilities Output

9. Appendix

• 9.1. About GlobalData