German Defense Market Attractiveness, Competitive Landscape and Forecast to 2024", provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news.
Germany has reassured the North Atlantic Treaty Organization (NATO) it will adhere to its plans to continue increasing military spending to reach 1.5% of gross domestic product by 2024 despite declining tax revenues in an attempt to strengthen the combat readiness of its armed forces. Shortfalls in the German army’s personnel and equipment are hindering its readiness for combat. However, German defense expenditure is projected to increase at a CAGR of 6.48% over 2020-2024, compared to a CAGR of 8.48% over 2015-2019. A large portion of this budget will be directed towards the procurement of overhauled modern weapon systems and other advanced equipment.
This report offers detailed analysis of the German defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
Scope
The report provides an in-depth analysis of the following -
- The German defense industry market size and drivers: detailed analysis of the German defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns.
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
- Market opportunities: list of the top ten defense investment opportunities over the next 5 years.
- Competitive landscape and strategic insights: analysis of the competitive landscape of the German defense industry.
Category: Defense Market Research
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A powerhouse in the football world, Germans never fail to make their voices heard at sporting venues and have some of the most passionate supporters in the world.
The influx of people from different backgrounds, especially from the Indian subcontinent has played a big role in cricket gaining some relevance in the country, but it still has a long way to go to become one of the more ‘popular’ sports, especially amongst the younger generation.In an exclusive interview with SPOGO, Brian Mantle, Chief Executive Officer at the German Cricket Federation speaks about promoting cricket, grassroot development, overcoming challenges, raising the standard of cricket and his future goals and aspirations.Link: https://spogonews.com/article/our-goal-is-to-get-more-people-to-play-cricket-and-raise-the-standard-of-the-national-teams-brian-mantle-ceo-of-german-cricket-federation
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It Is the Most communicated Native Language in Europe
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