Key Market Indicators
Finland is set to increase defence spending over the next five years. According to estimates, expenditure is expected to reach $4.1 billion (rounded) in 2026, up 0.7% year on year since 2021. Since 1965, defence spending in Finland has risen on average by 2.3% annually. In 2021, the country ranked 44th in the world in terms of defence expenditure, overtaken by Egypt with $3.8 billion. China, India and Russia ranked 2nd, 3rd and 4th in the world respectively.
Finland Defense Market Data and Forecasts
Improve your Knowledge with the latest Indicators and Trends
-
Satellite Transponders: Pioneering Developments and Market Trajectory Analysis
There is a definite sense of ascendance in the realm of satellite transponder technology. The industry is witnessing a surge of advancements geared towards increasing operational efficiency and lowering the costs associated with the deployment of these devices. Innovations in high frequency bands, beam forming technologies, and on-board processing architectures...
Discover more insights -
Electronic Warfare: Exploring Trends, Opportunities, and Challenges in the Global EW Industry
The digital battlefield's landscape is rapidly changing, powered by advancements in modern technologies. A critical trend is the integration of cyber operations with traditional electronic activities, enhancing capabilities and cyber resilience. Furthermore, space-based EW operations represent another significant trend with rising geopolitical interests in extra-terrestrial dominance. Not to sidestep the...
Discover more insights -
Military Communication: Delving into System Technologies, Platforms, and Strategic Applications
The efficiency of military operations relies heavily on the technological advancements incorporated into the military communication sphere. High-frequency radio systems, for instance, allow reliable long-range communication. Satellite Communication (SATCOM) systems enable enhanced features such as global coverage, clarity, and a high data transmission rate. Additionally, the use of cryptographic systems...
Discover more insights -
Armored Vehicle Manufacturing: Deep Dive into Key Strategies and Market Trends
Safety concerns and escalating defense budgets worldwide are instigating a surge in demand for armored vehicles. Technological advancements have given rise to innovative vehicle design and enhanced combat abilities, offering an attractive edge in modern warfare scenarios. The increasing popularity of lightweight armored vehicles and those equipped with hybrid electric...
Discover more insights -
Global Defense and Aviation: Assessing Market Shifts & Technological Innovations in Key Sectors
The market for global defense and aviation is witnessing a continuous growth, driven by increasing defense budgets along with the growing need for advanced military equipment. This has been further fueled by increasing geopolitical tensions and conflicts worldwide. Simultaneously, emerging markets like Asia and Middle East are steadily increasing their...
Discover more insights