Germany Defense Market - 2022

GlobalData’s Germany Defense Market - 2022 Free Report offers the reader a detailed analysis of Germany’s defense budget with market size forecasts covering the next five years. This report will also analyze factors that drive defense expenditure in the country. 

In particular, it provides an in-depth analysis of the following:  

• Market size: A detailed analysis of the budget allocation along with budget forecasts over the period 2018-27. The report also provides breakdown of the defense budget in form of Acquisitions, and Others in both US Dollars ($) and Euros (EUR), and also offers a breakdown of the budget. 
• Market drivers: The report also provides an analysis of the forces driving the Germany defense. It also gives a purview of procurement decisions in the context of the threat scenario.   

Key findings include:  

• Much of Germany’s fleet requires substantial modernization and updating due to years of low spending levels. As readiness levels are now so low and with platforms reaching the end of their life span, Germany is forced to modernize platforms across all domains. The war in Ukraine led Germany to announce the biggest increase in its defense budget since the end of the Cold War. The need to modernize the Bundeswehr has been brought into the spotlight following the Russian invasion of Ukraine, with conventional and traditional warfare once more the focus of policy makers.

• BAAINBw has been labelled as inefficient and overly bureaucratic, meaning that, in some years, up to 10% of the acquisition budget is unable to be spent as funds get trapped in bottlenecks or the process is prohibited by a lack of trained staff.

• There is not a clearly defined defense industrial policy. This means that the potential domestic benefits are not being exploited and it puts some international foreign policy objectives at risk.

For more detailed insights, download our free report.