Future of the Danish Defense Procurement Market Dynamics Industry and Forecasts to 2022 Market Research Hub has recently announced the addition of a new report to it broad database titled as “ Future of the Danish Defense Industry - Market Attractiveness , Competitive Landscape and Forecasts to 2022 ”. This report 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 .
Request for Sample Report : http :// www . marketresearchhub . com / enquiry . php ? type = S & repid = 96 1949
Key Findings
� Denmark ’ s military expenditure , valued at US $ 3 billion in 2017 , registered a declining growth rate of -7.96 % during 2013 – 2017 . The weak national fiscal condition and Europe ’ s sluggish recovery from the economic slowdown has affected the growth rate of the market ; and is expected to do so for the next two years . The Danish Defense Agreement 2013 – 2017 mandated the Ministry of Defence ( MoD ) to save US $ 0.5 billion annually on military expenditure during 2015 – 2017 , in an effort to reduce the country ’ s debt . Over the forecast period , the country ’ s defense budget is expected to further decrease to US $ 2.8 billion in 2022 , reflecting a CAGR of - 1.20 %.
� On a cumulative basis , the country is expected to invest US $ 14.3 billion for defense purposes , of which US $ 1.4 billion is earmarked for capital expenditure to fund defense procurements . The