European Defense Spending Assessment

European Defense Spending Assessment

Increased Spending Introduces Intelligent Systems and Enables Sustainability

RELEASE DATE
04-Apr-2023
REGION
Europe
Deliverable Type
Market Research
Research Code: K8C6-01-00-00-00
SKU: AE01696-EU-MT_27543
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Description

The war in Ukraine that began in February 2022 shifted the European defense ecosystem and market by increasing spending and contract awards. Military modernization is now a spending priority for most European countries to defend against current threats.

Joint frameworks, such as the North Atlantic Treaty Organization (NATO) and the European Union (EU), encourage European countries to invest in collective defense initiatives, as well as in research and development (R&D). In this sense, the European Defense Fund (EDF) is the most important tool for new military technology acquisition.

Frost & Sullivan overviews European countries’ defense spending and budgets in this study, highlighting growth drivers, restraints, and opportunities. We use 2022 as the base year and 2022–2027 as the study period. The study includes all European countries but focuses on the 6 major spenders: France, the United Kingdom, Germany, Poland, Italy, and Spain.

The study also outlines the top 5 spenders’ most relevant contracts and budget items, as well as some up-and-coming companies in the industry. Among the persistent challenges facing the market are energy shortage and the consequent soaring prices that affect defense manufacturers.

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the European Defense Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Research and Overview

Market Trends

Market Challenges

Growth Drivers

Growth Restraints

Regional Conflict and Threat Analysis

Regional Conflict and Threat Analysis (continued)

Joint Defense Initiatives

Joint Defense Initiatives (continued)

European Defense Spending

Spending Analysis

Spending Analysis (continued)

Top 6 Countries Market Share

Country Profile—France

Country Profile—The United Kingdom

Country Profile—Germany

Country Profile—Poland

Country Profile—Italy

Country Profile—Spain

Additional Country Profiles

Conclusions and Future Outlook

Growth Opportunity 1: Joint Cloud Platform for Information Sharing

Growth Opportunity 1: Joint Cloud Platform for Information Sharing (continued)

Growth Opportunity 2: Joint Research and Development Facilities

Growth Opportunity 2: Joint Research and Development Facilities (continued)

Growth Opportunity 3: Sustainable Defense Technology

Growth Opportunity 3: Sustainable Defense Technology (continued)

List of Exhibits

Legal Disclaimer

The war in Ukraine that began in February 2022 shifted the European defense ecosystem and market by increasing spending and contract awards. Military modernization is now a spending priority for most European countries to defend against current threats. Joint frameworks, such as the North Atlantic Treaty Organization (NATO) and the European Union (EU), encourage European countries to invest in collective defense initiatives, as well as in research and development (R&D). In this sense, the European Defense Fund (EDF) is the most important tool for new military technology acquisition. Frost & Sullivan overviews European countries’ defense spending and budgets in this study, highlighting growth drivers, restraints, and opportunities. We use 2022 as the base year and 2022–2027 as the study period. The study includes all European countries but focuses on the 6 major spenders: France, the United Kingdom, Germany, Poland, Italy, and Spain. The study also outlines the top 5 spenders’ most relevant contracts and budget items, as well as some up-and-coming companies in the industry. Among the persistent challenges facing the market are energy shortage and the consequent soaring prices that affect defense manufacturers.
More Information
Deliverable Type Market Research
Author Sol Ipuche
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Keyword 1 Defense Market
Keyword 2 European Defense Ecosystem
Keyword 3 Military Budgets
Podcast No
WIP Number K8C6-01-00-00-00