Sweden Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
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Sweden Defense Market Report Overview
The Sweden defense budget is worth $8.7 billion in 2023 and is expected to achieve a CAGR of more than 6% during 2024-2028. The Sweden defense market research report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
Sweden Defense Market Outlook, 2023-2028 ($ Billion)
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Sweden Defense Market Trends
Sweden has a strong domestic defense industry, which offers several highly capable and successful platforms to foreign buyers. These are largely designed, manufactured, and sold by some of Sweden’s biggest and most well-established defense firms, such as Saab (which manufactures platforms including the JAS39 Gripen) and BAE Systems AB, a Swedish subsidiary of the larger organization (CV90). Subsequently, Sweden produces high-quality platforms and systems across most domains.
Sweden Military Doctrines and Defense Strategies
The military doctrine of Sweden is designed to create an environment where the country can maintain a defensive posture and the capabilities of a military that may theoretically be called upon to defend the country on its own.
The Swedish military describes its main role as deterring and repulsing all forms of military attack to protect Sweden’s integrity. It also aims to contribute to a ‘robust and ready’ society in times of peace, crisis, or war. The goal of its military strategy, as outlined in the 2020 document, is to preserve and improve the ability to defend Sweden against the attack and protect Swedish ‘security, freedom, independence and freedom of action.’
Sweden Defense Market Segmentation by Sectors
The key sectors in the Sweden defense market are military fixed-wing aircraft, missiles & missile defense systems, submarines, military radar, tactical communications systems, electronic warfare, naval vessels & surface combatants, and military land vehicles, among others. The top sector in the Sweden defense market is military fixed-wing aircraft, followed by missiles & missile defense systems and naval vessels & surface combatants.
Sweden Defense Market Analysis by Sectors, 2023 (%)
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Sweden Defense Market - Competitive Landscape
Some of the leading defense companies in Sweden are SSAB AB, Assa Abloy AB, Saab AB, Eltel AB, Lagercrantz Group AB, Gunnebo AB, Addnode Group AB, HMS Networks AB, Semcon AB, and NetEnt AB.
Sweden Defense Market Report Overview
Market Size (2023) | $8.7 billion |
CAGR | >6% |
Forecast Period | 2024-2028 |
Historical Period | 2019-2023 |
Key Sectors | Military Fixed-Wing Aircraft, Missiles & Missile Defense Systems, Submarines, Military Radar, Tactical Communications Systems, Electronic Warfare, Naval Vessels & Surface Combatants, and Military Land Vehicles |
Leading Companies | SSAB AB, Assa Abloy AB, Saab AB, Eltel AB, Lagercrantz Group AB, Gunnebo AB, Addnode Group AB, HMS Networks AB, Semcon AB, and NetEnt AB. |
Segments Covered in the Report
Sweden Defense Sectors Outlook (Value, $ Billion, 2023-2028)
- Military Fixed-Wing Aircraft
- Missiles & Missile Defense Systems
- Submarines
- Military Radar
- Tactical Communications Systems
- Electronic Warfare
- Naval Vessels & Surface Combatants
- Military Land Vehicles
Scope
The report provides an in-depth analysis of the following –
- Sweden defense budget: detailed analysis of the Swedish 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
- Regulation: the procurement policy and process is explained. This is coupled with an analysis of the Swedish military doctrine and strategy to provide a comprehensive overview of Swedish military regulation.
- Security Environment: political alliances and perceived security threats to Sweden are examined; there help to explain trends in spending and modernization.
- Competitive landscape and strategic insights: analysis of the competitive landscape of Sweden’s defense industry.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the Swedish defense market over the next five years
- Gain an in-depth understanding of the underlying factors driving demand for different defense and internal security segments in the Swedish market and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
- Identify the major threats that are driving the Swedish defense market providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion
- Channel resources by focusing on the ongoing programs that are being undertaken by the Swedish government
- Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available
Table of Contents
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Frequently asked questions
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What is the Sweden defense market size in 2023?
The defense market size in Sweden is worth $8.7 billion in 2023.
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What is the Sweden defense market growth rate?
The defense market in Sweden is expected to achieve a CAGR of more than 6% during 2024-2028.
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What are the key sectors in the Sweden defense market?
The key sectors in the Swedish defense market are military fixed-wing aircraft, missiles & missile defense systems, submarines, military radar, tactical communications systems, electronic warfare, naval vessels & surface combatants, and military land vehicles, among others.
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Which are the leading defense companies in the Sweden defense market?
Some of the leading defense companies in the Swedish defense market are SSAB AB, Assa Abloy AB, Saab AB, Eltel AB, Lagercrantz Group AB, Gunnebo AB, Addnode Group AB, HMS Networks AB, Semcon AB, and NetEnt AB.
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