German Defense Market: Market Attractiveness, Competitive Landscape and Forecast to 2024
"German Defense Market: Market Attractiveness, Competitive Landscape and Forecast to 2024", published by GlobalData, 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.
Germany has reassured the North Atlantic Treaty Organization (NATO) it will adhere to its plans to continue increasing military spending to reach 1.5% of gross domestic product by 2024 despite declining tax revenues in an attempt to strengthen the combat readiness of its armed forces. Shortfalls in the German army's personnel and equipment are hindering its readiness for combat. However, German defense expenditure is projected to increase at a CAGR of 6.48% over 2020-2024, compared to a CAGR of 8.48% over 2015-2019. A large portion of this budget will be directed towards the procurement of overhauled modern weapon systems and other advanced equipment.
This report offers detailed analysis of the German 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.
The report provides an in-depth analysis of the following -
- The German defense industry market size and drivers: detailed analysis of the German defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns.
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
- Market opportunities:list of the top ten defense investment opportunities over the next 5 years.
- Competitive landscape and strategic insights: analysis of the competitive landscape of the German defense industry.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the German 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 German defense industry covering sections including demand drivers, key trends and latest industry contracts.