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Future of the Norwegian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022

  • March 2017
  • 120 pages
  • Strategic Defence Intelligence (SDI)
Report ID: 1161263

Summary

Table of Contents

Future of the Norwegian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022

Summary

The Future of the Norwegian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022, published by Strategic Defence Intelligence, 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.

This report offers detailed analysis of the Norwegian 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.

In particular, it provides an in-depth analysis of the following -
- The Norwegian defense industry market size and drivers: detailed analysis of the Norwegian defense industry during 2018-2022, 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. It also details the key challenges faced by defense market participants within the country
- Porter’s Five Force analysis of the Norwegian defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
- Market opportunities: details of the top five defense investment opportunities over the next 10 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Norwegian defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Scope

- Norway’s total defense expenditure values US$6 billion in 2017 and is expected to reach US$7.6 billion by 2022; this can be attributed to military modernization initiatives and training programs that are expected to be executed during the forecast period. A considerable portion of the budget is anticipated to be directed towards the procurement of military aircraft such as the F-35 fighter aircraft, the Norwegian All Weather Search and Rescue Helicopter (NAWSARH) program, maritime patrol aircraft, Advanced Medium Range Air-to-Air Missiles (AMRAAM), upgrade and support for C-130J aircraft, the soldier modernization program, cyber security, and the purchase of advanced technology equipment. In addition, the defense budget will likely be driven by participation in peacekeeping initiatives. During 2013-2017, the average capital expenditure allocation stood at 27.5% of the total defense budget, and this is expected to increase to 32% during the forecast period.
- On a cumulative basis, the country is expected to invest US$34.8 billion for defense purposes, of which US$11.1 billion is earmarked for capital expenditure to fund defense procurements. Norway pursuing a long term plan to reorganize and restructure its military and the country plans to enhance cost efficiencies as a part of its long term investment plan. As a part of restructuring effort Norway plans to transform its military forces in to more compact yet effectively equipped force with upgraded strike capability, capable of prolonged operations on frontlines with Russia. The country cost-efficiency initiative is a vital component of a much larger multiple branch capital spending plan, that intends to yield significant savings to fund a higher level of combat readiness, modern capabilities and fire power with Norwegian defense structure as well as military organization. The country plans to invest about US$300 million, which would be yielded form cost-efficiency drive to assuage perennial under funding issues with the Norwegian military forces, inclusive of Army, Air Force and Navy between the periods 2017-2020. To affect cost savings, the Norwegian government plans to close 11 military bases across the country and divert resources to fund capital acquisitions for military forces.
- The MoD is expected to invest in fighters & multirole aircrafts, diesel electric submarines MRO, Multi-role aircraft MRO, and Multi-mission helicopters

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Norwegian 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 Norwegian defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

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