Switzerland Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027

Switzerland defense budget is $9.4 billion in 2022. The market is expected to achieve a CAGR of more than 3% during 2023-27. The Switzerland 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.

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Switzerland Defense Market Drivers

Despite the relatively limited scope of its defense budget, the Swiss government continues to invest in the modernization of capabilities across all domains and specializations to maintain operational readiness and optimize existing platforms or systems. Moreover, the Russian invasion of Ukraine and the subsequent deterioration of wider European security have driven Swiss military and government officials to seek increased defense expenditure and military rapprochement with international allies.

Military Doctrines and Defense Strategies in Switzerland

In accordance with the 2017 Military Doctrine, Switzerland takes into account remote direct military threats, including additional potential threats. The Swiss approach to combat readiness is moving to a more flexible model, in which different units will be called up for active service gradually and at different times. Plans to replace combat aircraft and ground-based air defense systems are currently underway, both of which will further enhance Swiss military capabilities.​ The Swiss defense doctrine and strategy allow citizens to request referendums on major policy decisions across the government. A substantial part of Swiss military doctrine is the active participation of Swiss troops in humanitarian and international peacekeeping missions.

Key Sectors in the Switzerland Defense Market

Military fixed-wing, missile and missile defense systems, and military land vehicles feature as the top three sectors in the market. Other prominent sectors include military ammunitions, military artillery, tactical communications, EO/IR systems, military radar, military UAV, electronic warfare systems, military simulation and training, body armor and personal protection, and INS GNSS.

Switzerland Defense Market Outlook by Sector

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Key Companies in the Switzerland Defense Market

Some of the key companies in the Switzerland defense market are ABB Ltd, STMicroelectronics NV, Garmin Ltd, Montana Tech Components AG, RUAG International Holding AG, Pilatus Aircraft Ltd, Huber+Suhner AG, Liechti Engineering AG, OpenLimit Holding AG, and ACUTRONIC Switzerland Ltd.

Market Report Overview

Scope

This report provides:

• A detailed analysis of the Swiss 2022 defense budget, broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Explanation of the procurement policy and process. This is coupled with an analysis of the Swiss military doctrine and strategy to provide a comprehensive overview of Swiss military procurement regulations.
• Examination of political alliances and perceived security threats to Switzerland; there help to explain trends in spending and modernization.
• Analysis of prevalent trends in the country’s imports and exports over the last five years.
• Analysis of the competitive landscape of Switzerland’s defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Swiss 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 Swiss 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 Swiss 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 Swiss government.
• Make correct business decisions based on an 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.