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Sector Analysis
Netherlands Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2029
Netherlands Defense Market Report Overview As of 2024, the Netherlands defense budget is worth $22.8 billion. The country’s defense budget experienced a sudden increase in 2024, as the Dutch government adjusted to the reality of war on the European continent. Furthermore, Russia’s invasion of Ukraine has compelled the Netherlands to reinforce its defense posture, as it hopes to deter and defend against further Russian aggression. Against the backdrop of war in Europe, the country’s defense budget will grow at a...
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Sector Analysis
Hungary Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2029
Hungary Defense Market Report Overview In 2024, Hungary's defense budget is worth $4.6 billion. The country’s defense budget will grow at a CAGR of more than 6% during 2025-2029. The largest component of Hungary’s defense expenditure every year is acquisition. This is the result of the ongoing Zrínyi Modernization Program to update Hungary’s aging military equipment, much of which is still a holdover from the Soviet era. Hungary Defense Market Outlook, 2024-2029 ($ Billion) Buy the Full Report for More...
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Sector Analysis
Lithuania Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2029
Lithuania Defense Market Report Overview The Lithuania defense budget was worth $2.1 billion in 2024 and will grow at a CAGR of more than 6% during 2025-2029. The budget will grow because of modernization commitments by the Lithuanian government and additional threats, including the conflict in Ukraine, have heightened the need for military spending. The Lithuanian military is pursuing several programs, including the acquisition of armored vehicles, M142 HIMARS, and Black Hawk helicopters to provide it with more modern capabilities. Lithuania...
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Product Insights
NATO Military Airbase Vandel Solar PV Park
NATO Military Airbase Vandel Solar PV Park is a solar PV project located in South Denmark, Denmark. The project is owned by Allianz Global Investors GmbH; European Energy AS and was developed by European Energy AS. The project came online in 2015. Empower your strategies with our NATO Military Airbase Vandel Solar PV Park report and make more profitable business decisions. Note: This is an on-demand report that will be delivered upon request. The report will be delivered within 2...
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Macroeconomic Analysis
Czech Republic PESTLE Insights – A Macroeconomic Outlook Report
Czech Republic PESTLE Insights Report Overview The Czech Republic was ranked 28th of 153 nations in the GCRI Q3 2023. The country’s GDP was $334 billion in 2023. On January 4, 2023, the Czech government endorsed legislation, setting defense expenditure at a minimum of 2% of the GDP in alignment with the NATO alliance commitment. To counter the shortage of skilled workers in the labor market, the Czech government, in October 2023, sanctioned a proposal by the Ministry of Industry...
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Sector Analysis
Latvia Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
Latvia Defense Market Report Overview As of 2023, the Latvia defense budget was worth $1.0 billion. The country’s defense budget is set to see high levels of growth, registering a CAGR of more than 10% between 2024 and 2028. The rise in military spending is attributed to Russia’s invasion of Ukraine in 2022 and Latvia’s increasing tensions with Russia owing to its membership in the EU and NATO. Latvia Defense Market Outlook, 2023-2028 ($ Billion) Buy the Full Report to...
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Sector Analysis
United States (US) Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
US Defense Market Report Overview The US defense budget was worth $818.8 billion in 2023, which was a 10.7% rise from the previous year. This is in response to the deteriorating global security environment such as the Russian invasion of Ukraine and continued tensions with China over territory in the South China Sea and wider Indo-Pacific. Numerous geo-strategic and domestic political imperatives continue to drive US expenditure as defense capabilities gain growing political importance. The country’s defense budget is expected to...
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Sector Analysis
Germany Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
Germany Defense Market Overview The Germany defense budget is worth $51.2 billion in 2023. Germany has been working to increase its defense spending over the coming years to bolster the country's military capabilities, modernize its armed forces, and fulfill its commitments to collective defense within NATO. As a result of the above-mentioned factors, the country’s defense budget is anticipated to grow at a CAGR of more than 4% during 2024-2028. Germany Defense Market Outlook, 2023-2028 ($ Billion) Buy the Full...
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Sector Analysis
Estonia Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
Estonia Defense Market Report Overview The Estonia defense budget is worth $1.1 billion in 2023. The country’s defense budget is anticipated to rise in steady and gradual annual increments, registering a CAGR of more than 3% during 2024-2028. The primary driver of Estonia’s large budget is the heightened risks and concerns over Russia, following the 2022 Ukraine invasion and Russia’s continued aggressive posturing. Estonia Defense Market Outlook, 2023-2028 ($ Billion) Buy the Full Report to Gain More Information about the...
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Sector Analysis
Canada Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
Canada Defense Market Report Overview The Canada defense budget is $20.6 billion in 2023 and is expected to grow at a CAGR of more than 2% from 2024 to 2028. The increase is generally consistent with the growth seen in the historic 2019-2023 period. As a Western nation and member of NATO, the primary drivers of Canada’s defense spending are factors such as growing concern over the resurgence of Russia on the international stage and its February 2022 invasion of...