Future of the Netherlands' Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Future of the Netherlands' Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.

Netherlands is the seventh-largest economy in the Eurozone. During the historic period, defense expenditure increased at a compound annual growth rate (CAGR) of 2.36% from US$10.1 Billion in 2014. The country's defense budget is anticipated to average 1.5% of GDP over the forecast period 2019-2023.

Over the forecast-period the Netherlands' defense expenditure is projected to grow at the rate of 4.07%. Although, military expenditure will be driven by modernization programs and a NATO mandate to spend a minimum of 2% of GDP on defense, The Netherlands is likely to default on this target, allocating an average of 1.5% of GDP to defense over the forecast period.

Defense exports declined during 2014-2016, due to a reduction in procurements by Portugal, Greece, and Italy as a consequence of the weak economic climate. Exports will recover over the forecast period driven by exports outside of Europe, including Jordan, Morocco, the US, Canada, Turkey, Saudi Arabia, Mexico, Oman, Colombia, the Bahamas, and Peru emerging as customers. The Netherlands main defense exports include sensors, naval vessels, armored vehicles, and air defense systems.

Foreign companies can enter the Dutch defense market by establishing joint ventures within the domestic defense industry. Foreign companies can also acquire domestic firms or establish subsidiaries as the government's FDI policy allows 100% investment. There are also opportunities to establish joint R&D programs involving the Netherlands as a consortium member. Due to defense cuts, collaborations and partnerships are encouraged by the government to save costs.

Key Highlights

  • The Netherlands is the seventh-largest economy in the Eurozone.
  • During the historic period, defense expenditure increased at a compound annual growth rate (CAGR) of 2.36%, from US$10.1 billion in 2014 to US$11.1 billion in 2018.
  • The country's defense budget is anticipated to average 1.5% of GDP over the forecast period 2019-2023.

Companies Mentioned

  • Damen Schelde Naval Shipbuilding
  • Fokker Aerostructures
  • Fokker Technologies
  • Lockheed Martin Corp.
  • RH Marine Group
  • TNO Defense
  • Thales Nederland

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

4. Defense Procurement Market Dynamics

5. Industry Dynamics

6. Market Entry Strategy

7. Competitive Landscape and Strategic Insights

8. Business Environment and Country Risk

9. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/kslcf4/future_of_the?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
Related Topics: Military Aerospace and Defense

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Military Aerospace and Defense