Sweden Defense Market Data: Budget Allocations, Fleet Size and Program Forecasts, 2026-2035

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Published: June 09, 2026 Report Code: GDDF0988MD-ST

Report Overview
Key Players
Table of Contents
Table
Figures

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 Sweden. 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.
Sweden 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

To fortify its national borders and uphold its sovereignty, while reaffirming its commitment to NATO aligned defense spending, Sweden has increased its annual defense budget. In 2026, the defense allocation reached $19.4 billion, representing an annual increase of 27.2%. This substantial rise is a direct fiscal response to the Russian invasion in Ukraine and underscores Sweden’s commitment to security. Upon joining NATO, Sweden is poised to sustain defense spending above the organization’s guideline of 3.5% of GDP for the foreseeable future. GlobalData predicts a positive compound annual growth rate (CAGR) of 12.7% from 2027 to 2031. In 2026, Sweden allocated 3.3% of its real GDP to defense, an increase from the 2.6% spent in the prior year. This strategic financial commitment underscores Sweden’s proactive stance in the realm of international defense.

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:Sweden’s defense spending is driven by the objective of modernizing its armed forces to better participate in large scale NATO operations, with the importance of this heightened by the Russian invasion of Ukraine.

Top 3 Sectors: Military Fixed Wing Aircraft, Military Land Vehicles, and Missiles and Missile Defense Systems

Top Country of Origin of Existing Fleet: Indigenous, Finland, South Africa, Germany and United States

Reasons to Buy

Identify high-growth investment and procurement opportunities by analyzing historical data and long-term trends in the Sweden defense market across budget categories, sectors, and platforms through 2035.

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.

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.

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.

Strengthen competitive and supplier intelligence through comparative analysis of manufacturers, country of origin, and supplier participation across key defense programs and platforms.

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.

Saab AB
Nammo AS
Nammo Sweden AB and Norma Precision AB
Rheinmetall Waffe Munition GmbH
BAE Systems Hagglunds AB
Patria Oyj
BAE Systems Bofors
Mehler Protection
TYR Tactical
Esterline Technologies Corporation
Elbit Systems of America
RTX Corp
Curtiss-Wright Corp
Honeywell Aerospace
NavCom Defense Electronics
Inc.
Thommen Aircraft Equipment Ltd
BAE Systems Plc
Collins Aerospace
Honeywell International Inc
BAE Systems Inc
Northrop Grumman Corp
Saab Avitronics
AEL Sistemas SA
EuroTrophy GmbH
Elbit Systems Ltd
LACROIX Defense and KNDS France
Lockheed Martin Corp
Roke Manor Research Limited
Safran SA
Teledyne Vision Solutions
Teledyne FLIR LLC
Northrop Grumman Corp and Rafael Advanced Defense Systems Ltd
Raytheon Intelligence & Space
Senop Oy
Hensoldt AG
Embraer SA
Northrop Grumman LITEF GmbH
Advanced Navigation Pty Ltd
iXBlue SAS
Saab Bofors Dynamics
MBDA Holdings SAS
MBDA Germany and RTX Corp
Rolls-Royce Solutions GmbH
Volvo Penta
Saab Kockums AB
Astilleros Armon SA
Svensk Konstruktionstjänst AB and Alukin Aluminium Boats
Damen Shipyards Group
Swede Ship Marine AB
Albwardy Damen
Marine Alutech OY AB
Leonardo SpA
Telephonics Corp
Thales Nederland B.V.
Sikorsky Aircraft Corp
CAE Inc
CAE USA Inc.
Saab Kockums
Rohde & Schwarz GmbH & Co KG
General Dynamics United Kingdom Ltd
a4ESSOR S.A.S.
Elbit Systems Sweden AB
Conlog Group
BAE Systems Plc and Collins Aerospace
Rheinmetall AG and KNDS Deutschland
Domo Tactical Communications
KNL Networks Oy
Bittium Wireless
GKN Aerospace
AeroVironment Inc
Rheinmetall Canada Inc
IDV Robotics
General Dynamics European Land Systems-Bridge Systems
IVECO Defence Vehicles Spa
Rosenbauer International AG
Rheinmetall AG and Leonardo SpA
Volvo CE
KNDS Deutschland GmbH & Co KG
Scania AB
Oy Sisu Auto Ab
Teledyne Technologies Inc
Rheinmetall Protection Systems GmbH
KNDS NV
Kongsberg Defence & Aerospace AS
GE Aerospace
General Electric Co and GKN Aerospace Engine Systems
Rolls-Royce Holdings Plc
Rolls-Royce North America Inc
IAE International Aero Engines AG

Home Page

About GlobalData

Methodology

Data Vizualization (Defense Budget Sector

Fleet Size)

Fleet Size

Forecast (Defense Budget Allocations

Defense Program Forecasts)

Sources

Analyst Comments

Glossary

Table

List of Tables

Table 1: Key Swedish Land Forces Procurement and Modernization Programs

Table 2: Key Swedish Naval Forces Procurement and Modernization Programs

Table 3: Key Swedish Air Force Procurement and Modernization Programs

Table 4: Swedish Ongoing Development and Procurement Programs

Table 5: Swedish – Future Procurement Programs, 2018

Table 6: Swedish – Top Defense Procurement Programs by Value (US$ Million), 2020-2025

Table 7: Swedish Defense Cooperation

Table 8: Sweden Military Training Exercises

Table 9: Swedish Defense and Security Expenditure (SEK Billion and US$ Billion), 2016-2025

Table 10: Swedish GDP Growth vs. Defense Expenditure as a Percentage of GDP Growth, 2016 -2025

Table 11: Swedish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025

Table 12: Swedish Defense Capital Expenditure (SEK Million and US$ Billion), 2016-2025

Table 13: Swedish Per Capita Defense Expenditure (US$), 2016-2025

Table 14: Swedish Defense Expenditure Breakdown (%), 2016-2025

Table 15: Swedish Defense Budget Breakdown by Service (SEK Billion), 2016-2025

Table 16: Swedish – Defense Budget Breakdown by Service ( US$ Billion), 2016-2025

Table 17: Swedish Homeland Security Expenditure (SEK Billion and US$ Billion), 2016-2025

Table 18: Benchmarking with Key Markets, 2016-2020 vs 2021-2025

Table 19: Top Sweden Defense Sectors by Value (US$ Million), 2020-2025

Table 20: Top Country Ranking by Arms Exports, 2014-2018

Table 21: Swedish Defense Offset Program

Table 22: Swedish Budget Formation Timetable

Table 23: Competitive Landscape of the Swedish Defense Industry

Table 24: Top Defense Suppliers in the Swedish Defense Industry by Value (US$ Million), 2020-2025

Table 25: SAAB – Products and Services

Table 26: SAAB – Alliances

Table 27: SAAB – Recent Contract Wins

Table 28: BAE Systems AB – Products

Table 29: BAE Systems AB – Alliances

Table 30: BAE Systems AB – Recent Contract Wins

Table 31: Nammo AS – Products and Services

Table 32: Nammo AS – Alliances

Table 33: Dynasafe AB – Products

Table 34: Dynasafe AB – Recent Contract Wins

Table 35: Scanjack AB – Products

Table 36: Scanjack AB – Recent Contract Wins

Table 37: Akers Krutbruk Protection AB – Products and Services

Table 38: Akers Krutbruk Protection AB – Alliances

Table 39: Akers Krutbruk Protection AB – Recent Contract Wins

Table 40: Logica – Products

Table 41: Logica – Alliances

Table 42: Logica – Recent Contract Wins

Table 43: Niscayah – Products

Table 44: Niscayah – Alliances

Table 45: Niscayah – Recent Contract Wins

Figures

List of Figures

Figure 1: Swedish Defense Budget, 2021 and 2025

Figure 2: Swedish Defense Imports/Exports, 2014 and 2018

Figure 3: Sweden’s Top Five Prospective Procurements/Developments

Figure 4: Swedish National Security Threats

Figure 5: Sweden’s Partnering Countries for Defense Cooperation and Military Training

Figure 6: Swedish Defense Expenditure (SEK Billion), 2016-2025

Figure 7: Swedish Defense Expenditure (US$ Billion), 2016-2025

Figure 8: Swedish GDP Growth vs Defense Expenditure as a Percentage of GDP, 2016-2025

Figure 9: Swedish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025

Figure 10: Swedish Defense Capital Expenditure (SEK Billion), 2016-2025

Figure 11: Swedish Defense Capital Expenditure (US$ Billion), 2016-2025

Figure 12: Swedish Per Capita Defense Expenditure (US$), 2016-2025

Figure 13: Swedish Defense Expenditure Breakdown (%), 2016-2025

Figure 14: Swedish Defense Budget Breakdown by Service (SEK Billion), 2016-2025

Figure 15: Swedish Defense Budget Breakdown by Service (US$ Billion), 2016-2025

Figure 16: Swedish Homeland Security Expenditure (SEK Billion), 2016-2025

Figure 17: Swedish Homeland Security Expenditure (US$ Billion), 2016-2025

Figure 18: Benchmarking with Key Markets, 2016-2020 vs 2021-2025

Figure 19: Benchmarking with the World’s Largest Defense Spenders (US$ Billion), 2020 and 2025

Figure 20: Benchmarking with Large Defense Spenders as a Percentage of GDP, 2020

Figure 21: Land-Based C4ISR (US$ Million), 2020-2025

Figure 22: Multirole Aircraft MRO (US$ Million), 2020-2025

Figure 23: Air-borne C4ISR (US$ Million), 2020-2025

Figure 24: Top Swedish Defense Procurements in Terms of Their Supplier Relationships, 2020

Figure 25: Swedish Defense Import Trend (US$ Million), 2014-2018 (TIV Values)

Figure 26: Swedish Defense Imports by Country (%), 2014-2018 (TIV Values)

Figure 27: Swedish Defense Imports by Category (%), 2014-2018

Figure 28: Swedish Defense Export Trend (US$ Million), 2014-2018 (TIV Values)

Figure 29: Swedish Defense Export Trend by Country (%), 2014-2018 (TIV Values)

Figure 30: Swedish Defense Export Trend by Weapon Category (%), 2014-2018 (TIV Values)

Figure 31: Industry Dynamics – Porter’s Five Forces Analysis

Figure 32: Swedish FMV Organization Chart

Figure 33: Key Challenges in the Ukrainian Defense Market

Figure 34: Sweden Market Share Analysis, 2020

Figure 35: Swedish GDP Per Capita (US$/%), 2015-2025

Figure 36: Swedish GDP at Current Prices (US$ Billion/%), 2015-2025

Figure 37: Swedish Exports of Goods and Services, Current Prices (LCU Billion/%), 2005-2014

Figure 38: Swedish Imports of Goods and Services, Current Prices (US$ Billion/%), 2005-2014

Figure 39: Swedish Gross National Disposable Income (US$ Billion/%), 2005-2014

Figure 40: Local Currency Unit per US$, 2015-2024

Figure 41: Market Capitalization of Listed Companies in Sweden (US$ Billion/%), 2005-2012

Figure 42: Swedish Market Capitalization of Listed Companies (% of GDP), 2005-2012

Figure 43: Swedish Government Cash Surplus/Deficit (% of GDP) (LCU), 2005-2012

Figure 44: Swedish Goods Exports (% of GDP), 2005-2014

Figure 45: Swedish Goods Imports (% of GDP), 2005-2014

Figure 46: Swedish Services Imports (% of GDP), 2005-2014

Figure 47: Swedish Services Exports (% of GDP), 2005-2014

Figure 48: Swedish Foreign Direct Investment, Net (BoP, Current US$ Billion), 2005-2014

Figure 49: Swedish Net Foreign Direct Investment (% of GDP), 2005-2014

Figure 50: Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

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