Market Research Reports, Inc. has announced the addition of “Future of the Finnish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019” research report to their offering. more information visit: http://mrr.cm/ZZA

1. Category : Defence
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2. Introduction to Report
 Launch Date: February 20, 2014
 Number of Pages: 107
 Geography Coverage: Finland
 Available Format: PDF
Price For Single User License: USD 1,250
Price For Site License: USD 2,500
Price For Global User License: USD 3,750
Delivery Time: Within 24 Hours (During Working Days)
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3. About the Report
This report is the extensive market and company research
covering the Finnish defense industry, and provides
detailed analysis of both historic and forecast defense
industry values including key growth stimulators, analysis
of the leading companies in the industry, and key news.
The Future of the Finnish Defense Industry - Market
Attractiveness, Competitive Landscape, and Forecasts to
2019offers the reader an insight into the market
opportunities and entry strategies adopted by foreign
original equipment manufacturers (OEMs) to gain market
share in the Finnish defense industry.
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4. Research Findings
Finland's total defense expenditure stands at US$3.7
billion in 2014 and is expected to grow at a CAGR of 5.79%
over the forecast period, to reach US$4.34 billion in 2019.
he country's defense budget stands at 1.16% of GDP in
2014 and is expected to increase marginally to 1.23% of
GDP by 2019. During 2010-2014, the average capital
expenditure allocation stood at 31.6% of the total defense
budget, and this is expected to increase marginally over
the forecast period to reach 32.1%.
Revenue expenditure is expected to decrease from an
average of 68.4% during 2010-2014 to 67.9% in the
forecast period due to austerity measures by the
government. The defense ministry plans to reduce the
number of mobilized troops from 350,000 to 230,000 by
2015 and save on training costs by conducting joint
activities with the Nordic partners.
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5. Research Findings Continues..
Additionally, Finland is increasing its efforts to upgrade
its air defense missile capabilities by procuring NASAMS II
system, jointly developed by Norwegian Kongsberg
Defense and US Raytheon under a contract worth US$460
million.
Moreover, the country is anticipated to spend more than
US$1 billion on the upgrade of the F-18 super hornet
military aircraft during the forecast period. Due to
austerity measures, the defense ministry is forced to focus
on the acquisition of high quality secondhand equipment.
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6. Research Findings Continues..
In January 2014, the country joined with the Netherlands
to purchase 100 secondhand Leopard 2A6 main battle
tanks under a contract worth US$274 million. This
initiative was taken to strengthen the upgrade plan of the
army's armored battlefield units between 2015 and 2019.
Furthermore, the country follows a strict offset
policy, according to which, offsets are mandatory for all
transactions exceeding US$13.3 million and investors are
required to reinvest 100% of the value of the contract into
the Finnish economy.
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7. Report Coverage
1. Executive Summary
2. Market Attractiveness and Emerging
Opportunities
3. Defense Procurement Market Dynamics
4. Industry Dynamics
5. Market Entry Strategy
6. Competitive Landscape and Strategic Insights
7. Business Environment and Country Risk
8. Appendix
For more details regarding Report coverage see the last slide
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8. Company Coverage
For more details regarding company coverage and TOC see the last slide
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10. How To Buy This Report?
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