Norway Defense Market Data: Budget Allocations, Fleet Size and Program Forecasts, 2026-2035
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Stay ahead in the aerospace and defense market with an interactive, Excel-based country intelligence workbook from GlobalData. This ready-to-use workbook features intuitive pivots and dashboards that allow users to analyze defense spending, procurement programs, platform inventories, and market trends across key segments within Norway. Easily slice and filter data, explore historical patterns and long-term forecasts, benchmark suppliers, and support strategic planning with transparent, analyst-curated insights through 2035.
Norway Defense Market Data report provides –
Defense Budget Allocations: The interactive excel sheet allows the user to analyze total defense expenditure with flexible filters across major budget heads, including Acquisitions, RDT&E, Infrastructure, Personnel, Operations and Maintenance (O&M), and Other expenditures. Users can further enhance analysis by viewing contextual indicators such as exchange rates, real and nominal GDP, population, defense spending as a percentage of GDP, and defense budget per capita.
Defense Program Forecasts: The interactive Excel sheet allows the user to explore forecast spending across defense sectors and sub-sectors, with the ability to drill down to individual programs and suppliers. Interactive filters enable users to assess funding priorities, program pipelines, and supplier exposure within the country’s defense ecosystem.
Fleet Size: The interactive excel sheet allows the user to evaluate current and future equipment inventories by filtering data on equipment variants, acquisition timelines, current unit counts, annual fleet maintenance costs, manufacturers, and countries of origin. The workbook also provides forward-looking indicators such as projected retirement years, replacement probabilities, and service life extension likelihoods, offering clear visibility into modernization and replacement opportunities.
Two interactive visualization sheets with charts and graphs provide expert insights, enabling users to explore quantitative trends within the selected aerospace and defense market. The visualization sheets are supported by detailed underlying datasets covering Defense Budget Allocations, Fleet Size and Platform Analysis, and Defense Program Forecasts
Norway's defense budget is forecast increase over the next five years, climbing to a high of $31.1 billion by 2031. The budget is forecast to climb to accommodate future acquisitions as well as ongoing spending commitments. CAGR over the forecast period is expected to be 9.6% – in comparison to historical growth of 22.8%.
Norway's military modernization is the central driver of defense expenditure, and the country is committed to replacing aging soviet technology with Western equipment. Norway has initiated a comprehensive defense modernization program and is in the process of overhauling its defense posture across land, air and sea. As a result Norwegian defense acquisition expenditure is anticipated to grow from $4.7 billion in 2027 to reach $5.9 billion by 2031, reflecting a CAGR of 5.9%
Scope
This Excel deliverable gives important, expert insight you won’t find in any other source. The interactive model illustrates qualitative and quantitative trends within the specified market. Various sections covered in the workbook are as follows –
Interactive Visualizations: Two interactive dashboard sheets featuring charts and graphs that enable rapid analysis of qualitative and quantitative trends across the selected aerospace and defense market.
Defense Budget Allocations: Detailed coverage of total defense expenditure with breakdowns across acquisitions, RDT&E, infrastructure, personnel, operations and maintenance (O&M), and other spending categories, supported by key macroeconomic and contextual indicators.
Defense Program Forecasts: Forecast analysis of defense spending by sector, sub-sector, program, and supplier, enabling evaluation of procurement priorities, funding pipelines, and competitive positioning within the country.
Fleet Size and Platform Inventory: Comprehensive assessment of military equipment inventories, including platform variants, acquisition timelines, current unit counts, manufacturers, country of origin, maintenance costs, and projected retirement, replacement, and service life extension indicators.
Sources: Data compiled from a wide range of authoritative public and proprietary sources, including government budgets, defense ministries, armed forces disclosures, international organizations, industry reports, and GlobalData’s internal databases.
Key Highlights
Drivers:Norway's military modernization is the central driver of defense expenditure, and the country is committed to replacing aging weapon system technologies with more modern Western equipment.
Top 3 Sectors: Naval Vessels and Surface Combatants, Submarines and Missiles and Missile Defense Systems
Top Country of Origin of Existing Fleet: Sweden, Italy, Germany, Finland and United States
Reasons to Buy
Identify high-growth investment and procurement opportunities by analyzing historical data and long-term trends in the Norway defense market across budget categories, sectors, and platforms through 2035._x000D_
Track and benchmark defense budget allocations across acquisitions, RDT&E, personnel, infrastructure, and O&M, supported by macroeconomic indicators such as GDP, population, and defense spending as a percentage of GDP._x000D_
Assess program-level funding priorities and pipelines by drilling down into defense programs by sector, sub-sector, and supplier, enabling evaluation of funding stability, growth potential, and competitive exposure._x000D_
Evaluate fleet modernization and replacement opportunities using detailed platform-level data covering current inventories, acquisition timelines, maintenance costs, projected retirements, and replacement and service life extension probabilities._x000D_
Strengthen competitive and supplier intelligence through comparative analysis of manufacturers, country of origin, and supplier participation across key defense programs and platforms._x000D_
Save time and improve decision-making efficiency with a ready-to-use, interactive Excel workbook featuring intuitive pivots and dashboards that allow rapid filtering, customization, and scenario exploration without the need for additional modeling.
Undisclosed-Not Awarded
Saab AB
Safety & Security Service A/S
Raytheon Missiles & Defense
Nammo AS
Vista Outdoor Operations LLC
Hanwha Aerospace Co Ltd
Hanwha Defense
Undisclosed-Awarded
KNDS NV and Thales SA
Equipnor AS
BAE Systems Plc
Indra Sistemas SA
Elbit Systems Ltd
EuroTrophy GmbH
Northrop Grumman Corp
Lockheed Martin Corp
BAE Systems Inc
Leonardo SpA
IrvinGQ
Systems Engineering & Assessment Ltd and Chess Dynamics Ltd
Babcock International
Elbit Systems UK and QinetiQ Group Plc
Rohde & Schwarz GmbH & Co KG
Hensoldt Optronics GmbH
Safran Reosc
Space Norway AS
Rheinmetall AG
PCO SA
RTX Corp
Raytheon Intelligence & Space
B.E. Meyers & Co. Inc.
Hensoldt AG
Honeywell Aerospace
Kearfott
Northrop Grumman LITEF GmbH
KTA Naval Systems AS
iXBlue SAS
Honeywell International Inc
Collins Aerospace
RTX Corp and Kongsberg Gruppen ASA
Kongsberg Defence & Aerospace AS
RTX Corp and Lockheed Martin Corp
MESKO SA
Kongsberg Defence & Aerospace AS and Diehl Defence GmbH & Co KG
Kongsberg Gruppen ASA
Diehl Defence GmbH & Co KG and Sistemas de Misiles de España
Elbit Systems of America
DRS Technologies
STADT NAVAL AS
Siemens AG
MTU Friedrichshafen GmbH
Kewatec Aluboat
Vard Langsten Shipyard
ReconCraft LLC
Navantia SA
Naviris and Hydrus Engineering S.A.
Telephonics Corp
Weibel Scientific AS
DST Co. Ltd
Thales SA
Thales Nederland B.V.
Sikorsky Aircraft Corp
Space Flight Laboratory
Kongsberg Defence & Aerospace AS
Norwegian Defence Research Establishment (FFI) and NanoAvionics
CAE Inc and The Boeing Co
CAE USA Inc.
Inzpire Limited
Thysenkrupp AG
ThyssenKrupp Marine Systems
BAE Systems Plc
L3Harris Technologies Inc
Lockheed Martin Corp
and Northrop Grumman Corp
L3Harris Technologies Inc and Collins Aerospace
TrellisWare Technologies Inc
ViaSat Inc
Rheinmetall AG and KNDS Deutschland
Radmor SA
Prox Dynamics AS
Rheinmetall Canada Inc
KNDS Deutschland GmbH & Co KG
FFG Flensburger Fahrzeugbau Gesellschaft mbH
BAE Systems Hagglunds AB
Ritek AS
General Dynamics European Land Systems-Bridge Systems
Patria Oyj
Maritime Robotics and Eelume
Eelume AS
EODH SA
Samyang Comtech Co Ltd
Bisalloy Steel Group Ltd
Pratt & Whitney Canada Corp
GE Aerospace
Rolls-Royce North America Inc
Pratt & Whitney Co
Table of Contents
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