In 2023, the number of persons employed in the weapons and ammunition sector in Sweden stood at 5.90 thousand. From 2013 to 2023, the employment figures have demonstrated a mix of declines and significant growth spurts. Between 2013 and 2018, the industry experienced moderate declines and modest growth, with the most notable increase in 2017 (+11.05%). However, from 2019 onwards, the sector saw a significant upward trend with a peak year-on-year increase of 52.7% in 2019. This consistent upward trajectory culminated in a strong boost of over 12% by 2023. The CAGR over the last five years averaged at an impressive 19.98%, indicating robust growth.
Looking ahead, employment in the sector is forecasted to grow further, reaching 9.0 thousand by 2028. The projected compound annual growth rate (CAGR) from 2024 to 2028 is estimated at 6.62%, suggesting continued growth albeit at a slower pace compared to the recent past.
Future trends to watch for:
- Geopolitical developments that may affect defense budgets and employment needs.
- Technological advancements in weapons and ammunition manufacturing.
- Changes in international arms trade policies and regulations.
