Norwegian Defense Industry to 2019 @ http://www.researchmoz.us/future-of-the-norwegian-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2019-report.html
Norway's total defense expenditure stands at US$7 billion in 2014 and is expected to grow at a CAGR of 5.50% over the forecast period, to reach US$9.1 billion in 2019; this increase in defense expenditure can be attributed to the modernization and training programs that are expected to be executed during the forecast period.
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New Release: Norwegian Defense Industry to 2019
1. Future of the Norwegian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019
Product Synopsis
This report is the result of SDI's extensive market and company research covering the Norwegian 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.
Introduction and Landscape
Why was the report written?
The Future of the Norwegian 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 Norwegian defense industry.
What is the current market landscape and what is changing?
Norway's total defense expenditure stands at US$7 billion in 2014 and is expected to grow at a CAGR of 5.50% over the forecast period, to reach US$9.1 billion
in 2019; this increase in defense expenditure can be attributed to the modernization and training programs that are expected to be executed during the forecast
period. Norwegian defense expenditure is further driven by participation in peacekeeping initiatives, the procurement of military aircraft such as the F-35 fighter
aircraft, the Norwegian All Weather Search and Rescue Helicopter (NAWSARH) program, Advanced Medium Range Air-to-Air Missiles (AMRAAM), upgrade
and support for C-130J aircraft the soldier modernization program, cyber security and the procurement of advanced technology equipment. The country's defense
budget stands at 1.33% of GDP in 2014 and is expected to increase marginally to 1.42% 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 grow at the same average during the forecast period.
What are the key drivers behind recent market changes?
Modernization of the armed forces and international peacekeeping operations
What makes this report unique and essential to read?
The Future of the Norwegian Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2019 provides detailed analysis of the current
industry size and growth expectations from 2015 to 2019, including highlights of key growth stimulators. It also benchmarks the industry against key global
markets and provides a detailed understanding of emerging opportunities in specific areas.
Key Features and Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2015 to 2019, including highlights of key growth stimulators,
and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas. The report
includes trend analysis of imports and exports, together with their implications and impact on the Norwegian defense industry. The report covers five forces
analysis to identify various power centers in the industry and how these are expected to develop in the future. The report allows readers to identify possible ways
to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic
initiatives. The report helps the reader to understand the competitive landscape of the defense industry in Norway. It provides an overview of key defense
companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
Key Market Issues
The Norwegian defense industry favors Scandinavian and European countries for defense trade, as it is a member of the European Defense Agency, which
limits the scope for foreign companies to enter the Norwegian defense industry. Furthermore, the country follows a strict offset policy, according to which,
offsets are mandatory for all transactions exceeding NOK50 million, and investors are required to reinvest 100% of the value of the contract into the Norwegian
economy. Moreover, if the investor is unable to meet the offset obligation, a penalty is issued of a minimum of 10% of the outstanding amount. Finally, the
relatively high cost of labor in the country may be an additional deterrent for potential investors. The Norwegian Government has adopted a new set of rules for
defense exports after the Iraq war massacre in 2012; these rules further tighten the export policy of Norway, affecting the country's budget deficit, and forbid
Norwegian exports to nations engaged in warfare. In addition, new laws also ban export to countries that are not part of the NATO agreement. The following
factors are listed in new laws adopted by the Norwegian defense industry, which determine where weapons can be exported: Attitudes to international human
rights instruments, and respect for humanitarian law; respect for civil and political rights Reports by competent organizations of serious violations of human
rights, including the use of torture or other inhuman and degrading treatment or punishment in the receiving state, or the arbitrary deprivation of liberty The risk
that the exported items could be used for the violation of basic human rights, e.g., using military equipment to crack down on peaceful demonstrations.
Key Highlights
The Norwegian MoD is in the process of modernizing its armed forces with advanced equipment; in 2010, the country passed a long term defense plan, which
was again revised in 2012. It outlined modernization plans, including the procurement of 48 F-35 fighter jets, additional funding for the home guard, advanced
training for the armed forces and home guard, and a special allocation for cyber security. Furthermore, in early 2013 the Norwegian Defence Logistics
Organization (NDLO) has contracted with Iveco Defense Vehicles for a tranche of 60 light armored vehicles and this procurement is expected to increase the
total fleet to 170 units. In 2012, the country finalized on modernizing its land forces and proposed to spend US$750 million to upgrade and manufacture 146
CV90 armored combat vehicles which will significantly enhance army's operational capabilities. The program is expected to complete in 2017 after adding 41
new CV90 armored fighting vehicles (AFVs) and upgrading 103 current CV90s. The prime contractors include BAE Systems manufacturing new vehicles and
Kongsberg Defence and Aerospace, who will supply the integrated data and information system, installation of weapon systems, sensors, communication and
security systems. The Norwegian government is increasing its efforts to strengthen its position on cyber security and has drafted a new National Cyber Defense
Strategy (NCDS) in this regard. The initiative will be run under the Ministry of Defense's (MoD's) jurisdiction with an objective to create a common situational
understanding of the cyber threat, secure information and communication systems, fortify the ability to detect, investigate and combat incidents. The Norwegian
Armed Forces have established the Norwegian Cyber Defence in September 2012 with 1500 force employee and the unit will be responsible for counter-cyber
warfare in Norway. Furthermore, cyber security is one of the main priorities in the 2014 defence budget and the National Security Authority has been sanctioned
an additional contribution of 20.2 million NOK in preserving national cyber security. Overall, defense imports decreased during the review period; however, due
to the modernization and procurement plans of the Norwegian MoD, Norwegian defense imports are expected to increase over the forecast period. European
countries such as France, Germany, Italy, and the UK are expected to remain the key suppliers during the forecast period. Norway was the world's
fifteenth-largest arms exporter during 2008-2012, with the country contributing a share of 0.6% of all global arms exports during the same period. During the
forecast period, the country's defense exports are expected to grow significantly as a result of expansion into Thailand, Singapore, and South Africa, in which,
demand for defense equipment is expected to be strong. Furthermore, new collaboration programs with foreign OEMs are also expected to drive Norwegian
defense exports over the forecast period.
Future of the Norwegian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019
2. table Of Content
1 Introduction
1.1. What Is This Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. Sdi Terrorism Index
1.5. About Strategic Defence Intelligence
2 Executive Summary
3 Market Attractiveness And Emerging Opportunities
3.1. Defense Market Size Historical And Forecast
3.1.1. The Norwegian Defense Budget To Grow At A Cagr Of 4.88% During 2010-2014
3.1.2. Participation In International Peacekeeping Operations , Modernization Of The Armed Forces And Interest In Arctic Region are The Major Drivers Of
The Norwegian Defense Industry
3.1.3. Defense Expenditure As A Percentage Of Gdp Is Expected To Average 1.42% During The Forecast Period
3.2. Analysis Of Defense Budget Allocation
3.2.1. Capital Expenditure Allocation Is Expected To Increase Over The Forecast Period
3.2.2. Expenditure On Procurement Of Material, Buildings, And Construction Is Expected To Be The Largest During Forecast Period
3.2.3. Air Force Expenditure To Grow At A Cagr Of 10.58% Over The Forecast Period And To Reach Us$1.59 Billion In 2019
3.2.4. Army Expenditure To Grow At A Cagr Of 6.12% Over The Forecast Period To Reach Us$1.56 Billion In 2019
3.2.5. Naval Expenditure Is Expected To Reach Us$1.07 Billion By 2019
3.2.6. Procurement Of Material, Buildings, And Construction Work Expenditure Expected To Be The Largest Segment Of The Defense Budget During The
Forecast Period
3.2.7. Other Expenditure Is Expected To Decrease Marginally Over The Forecast Period
3.3. Homeland Security Market Size And Forecast
3.3.1. The Norwegian Homeland Security Expenditure Is Expected To Grow At A Cagr Of 7.9% Over The Forecast Period
3.3.2. Counter-terrorism And Enhanced Cyber Security Are Expected To Drive Homeland Security Expenditure
3.3.3. Norway Is At A “low Risk” Of Terrorism
3.3.4. Norway Has A Terrorism Index Score Of “zero”
3.4. Benchmarking With Key Global Markets
3.4.1. Norwegian Defense Budget Expenditure Expected To Increase Over The Forecast Period, Unlike Other European Countries
3.4.2. Norway Has The One Of The Fastest Growing Defense Industries In Europe
3.4.3. Norwegian Defense Budget As A Percentage Of Gdp Is Expected To Grow Over The Forecast Period
3.4.4. Norway Ranked Fifteenth Among Top Global Arms Exporters During 2008-2012
3.5. Market Opportunities: Key Trends And Growth Stimulators
3.5.1. Fighters And Multi-role Aircraft
3.5.2. Diesel Electric Submarine
3.5.3. Homeland Security Infrastructure
3.5.4. Multi Mission And Rescue Helicopters
4 Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Norwegian Defense Imports Are Expected To Increase Over The Forecast Period
4.1.2. Spain And The Us Are Expected To Remain The Largest Arms Suppliers To Norway
4.1.3. Ships Accounted For The Largest Percentage Share Of Overall Defense Imports
4.2. Export Market Dynamics
4.2.1. Norway Ranked Fifteenth Among The Countries With The Highest Volume Of Defense Exports
4.2.2. Exports To European Countries Are Expected To Increase Over The Forecast Period
4.2.3. Other Category Accounted For The Majority Of Norway's Defense Exports During 2008-2012
5 Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining Power Of Supplier: Low
5.1.2. Bargaining Power Of Buyer: High
5.1.3. Barrier To Entry: Medium
5.1.4. Intensity Of Rivalry: High
5.1.5. Threat Of Substitution: High
6 Market Entry Strategy
6.1. Market Regulation
Future of the Norwegian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019
3. 6.1.1. The Norwegian Defense Industry Is Largely Driven By Government Regulation And Offset Policy
6.1.2. The Norwegian Government Supports Fdi
6.2. Market Entry Route
6.2.1. Entry Through Joint Development Programs
6.2.2. Foreign Military Sales (fms) To Norway
6.2.3. Collaborations Provide Market Entry Opportunities
6.3. Key Challenges
6.3.1. The Norwegian Government Prefers Scandinavian And European Countries For Defense Trade
6.3.2. The Norwegian Export Policy Poses A Challenge For Domestic Defense Companies
7 Competitive Landscape And Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Public Sector Companies
7.2.1. Kongsberg Defense Systems: Overview
7.2.2. Kongsberg Defense Systems: Major Products And Services
7.2.3. Kongsberg Defense Systems: Recent Announcements And Strategic Initiatives
7.2.4. Kongsberg Defense Systems: Alliances
7.2.5. Kongsberg Defense Systems: Recent Contract Wins
7.2.6. Kongsberg Defense Systems: Financial Analysis
7.2.7. Forsvarets forskningsinstitutt: Overview
7.2.8. Forsvarets forskningsinstitutt: Defense Products
7.2.9. Forsvarets forskningsinstitutt: Recent Announcements And Strategic Initiatives
7.2.10. Forsvarets forskningsinstitutt: Alliances
7.2.11. Forsvarets forskningsinstitutt: Recent Contract Wins
7.2.12. Nammo As: Overview
7.2.13. Nammo As: Products And Services
7.2.14. Nammo As: Recent Announcements And Strategic Initiatives
7.2.15. Nammo As: Alliances
7.2.16. Nammo As: Recent Contract Wins
7.2.17. Nammo As: Financial Analysis
7.2.18. Kitron: Overview
7.2.19. Kitron: Products And Services
7.2.20. Kitron: Recent Announcements And Strategic Initiatives
7.2.21. Kitron: Alliances
7.2.22. Kitron: Recent Contract Wins
7.2.23. Kitron: Financial Analysis
7.3. Key Private Sector Companies
7.3.1. Natech Nsv As: Overview
7.3.2. Natech Nsv As: Products And Services
7.3.3. Natech Nsv As: Recent Announcements And Strategic Initiatives
7.3.4. Natech Nsv As: Alliances
7.3.5. Natech Nsv As: Recent Contract Wins
7.3.6. Jotne Epm Technology As: Overview
7.3.7. Jotne Epm Technology As: Products And Services
7.3.8. Jotne Epm Technology As: Recent Announcements And Strategic Initiatives
7.3.9. Jotne Epm Technology As: Alliances
7.3.10. Jotne Epm Technology As: Recent Contract Wins
7.3.11. Thales Norway As: Overview
7.3.12. Thales Norway As: Products And Services
7.3.13. Thales Norway As: Recent Announcements And Strategic Initiatives
7.3.14. Thales Norway As: Alliances
7.3.15. Thales Norway As: Recent Contract Wins
7.3.16. Sea-hawk Navigation As: Overview
7.3.17. Sea-hawk Navigation As: Products
7.3.18. Sea-hawk Navigation As: Recent Announcements And Strategic Initiatives
7.3.19. Umoe Mandal: Overview
7.3.20. Umoe Mandal: Products And Services
7.3.21. Umoe Mandal: Recent Announcements And Strategic Initiatives
7.3.22. Umoe Mandal: Alliances
7.3.23. Eidsvoll Electronics As: Overview
7.3.24. Eidsvoll Electronics As: Products And Services
7.3.25. Eidsvoll Electronics As: Recent Announcements And Strategic Initiatives
7.3.26. Eidsvoll Electronics As: Alliances
7.3.27. Eidsvoll Electronics As: Recent Contract Wins
8 Business Environment And Country Risk
Future of the Norwegian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019
4. 8.1. Demographics
8.1.1. Total Rural Population
8.1.2. Total Urban Population
8.1.3. Number Of Households
8.2. Economic Performance
8.2.1. Gdp Per Capita At Constant Prices
8.2.2. Gdp At Current Prices (us$)
8.2.3. Exports Of Goods And Services (current Us$ Bn)
8.2.4. Imports Of Goods And Services (current Us$ Bn)
8.2.5. Gross National Disposable Income (us$ Billion)
8.2.6. Manufacturing Output (us$ Bn)
8.2.7. Consumer Price Index
8.2.8. Wholesale Price Index
8.2.9. Lcu Per Us$ (period Average)
8.2.10. Deposit Rate (%)
8.2.11. Market Capitalization Of Listed Companies (us$ Bn)
8.2.12. Market Capitalization Of Listed Companies (% Of Gdp)
8.2.13. Total Government Cash Surplus/deficit (lcu Billion)
8.2.14. Government Cash Surplus/deficit As A Percentage Of Gdp (lcu)
8.2.15. Central Government Debt (lcu Billion)
8.2.16. Central Government Debt As A Percentage Of Gdp (lcu)
8.2.17. Goods Exports As A Percentage Of Gdp
8.2.18. Goods Imports As A Percentage Of Gdp
8.2.19. Goods Balance As A Percentage Of Gdp
8.2.20. Services Imports As A Percentage Of Gdp
8.2.21. Service Exports As A Percentage Of Gdp
8.2.22. Services Balance As A Percentage Of Gdp
8.2.23. Foreign Direct Investment, Net (bop, Current Us$ Billions)
8.2.24. Net Foreign Direct Investment As A Percentage Of Gdp
8.2.25. International Reserves, Including Gold (us$ Billion)
8.3. Energy And Utilities
8.3.1. Total Conventional Thermal Electricity Net Generation (billion Kwh)
8.3.2. Hydroelectricity Net Generation (billion Kwh)
8.3.3. Nuclear Electricity Net Generation (billion Kwh)
8.3.4. Total Conventional Thermal Electricity Installed Capacity (million Kw)
8.3.5. Proved Reserves Of Natural Gas (trillion Cubic Feet)
8.3.6. Total Petroleum Consumption (thousand Barrels Per Day)
8.3.7. Crude Oil Proved Reserves (billion Barrels)
8.3.8. Total Non-hydro Renewable Electricity Net Generation (billion Kw)
8.4. Infrastructure Quality And Availability
8.4.1. Air Transport, Freight (million Ton-km)
8.5. Mineral
8.5.1. Mining, Manufacturing, Utilities Output (us$ Billion)
8.6. Technology
8.6.1. Research And Development Expenditure (lcu Thousands)
8.7. Telecommunication
8.7.1. Telephone Lines (in Mn)
8.7.2. Telephone Lines Penetration Rate (per 100 People)
9 Appendix
9.1. About Sdi
9.2. Disclaimer
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Future of the Norwegian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019