The Netherlands Defense Market Attractiveness, Competitive Landscape and Forecast to 2024 – $17.9 Billion Opportunity Analysis with an Overview of Key Players –

Netherlands Defense Market: Market Attractiveness, Competitive Landscape
and Forecast to 2024”
report has been added to’s

This report offers detailed analysis of the Netherlands 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.

The Netherlands defense budget is expected to reach US$17.9 billion in
2024, growing at a CAGR of 7.93% over the forecast period.

The Netherlands has the 18th largest economy in the world and the
sixth-largest in the European Union. During the historic period, the
Netherlands military expenditure, which stands at US$12.4 billion in
2019, is anticipated to grow from US$13.2 billion in 2020 to value
US$17.9 billion in 2024, registering a CAGR of 7.93%, over the forecast
period. The growth will primarily be driven by the country’s military
contributions to NATO operations.

The Netherlands is an active participant in joint operations with the
European Union (EU) and peacekeeping operations with NATO and the United
Nations (UN), and as such, seeks higher spending in terms of its defense
sector. Although, military expenditure will be driven by modernization
programs and the NATO mandate to spend a minimum of 2% of GDP on
defense, the Netherlands is anticipated to allocate an average of 1.4%
of GDP to defense over the forecast period. The country’s per capita
defense expenditure is expected to increase from US$766.1 in 2020 to
US$1,027.7 in 2024.

Over the forecast period, the country’s capital expenditure allocation
is expected to average 25.2% of total expenditure, and revenue
expenditure is expected to average 74.8%. Capital expenditure over the
forecast period is expected to increase at a CAGR of 8.83%, from US$3.2
billion in 2020 to US$4.5 billion in 2024, due to the significant uptick
in weapon procurement plans, and the procurement of defense equipment to
replace outdated ones. Opportunities related to the procurement of
defense equipment in Netherlands are expected to be in areas such as
reconnaissance vehicles, M-Class Naval Vessels, multi-role
Tanker-Transport, Wheeled Vehicle Replacement Program (DVOW), submarine
replacement program.

The army accounted for the highest budget allocation during the historic
period, with an average share of 14%. Over the forecast period, the
army’s share is projected to remain unchanged. Navy expenditure – which
represented an average share of 8.3% of defense expenditure during the
historic period – is anticipated to decrease to an average share of 8.2%
over the forecast period. The air force, which accounted for an average
share of 7.8% during the historic period, is expected to account for a
share of 7.7% of the defense budget over the forecast period.

After valuing US$11 million in 2014, defense imports recovered in
between 2015-2018 and are set to increase over the forecast period due
to the procurement of F-35s, armored vehicles, and modernization
programs for naval vessels. During 2014-2018, Germany was the country’s
main arms supplier, followed by the US, Italy. Aircraft, armored
vehicles and missiles, occupy the majority of the market share of
imports. Defense exports declined during 2014-2016, before rising in
2017, due to a reduction in procurements by Portugal, Greece, and Italy
as a consequence of the weak economic climate. Over the forecast period,
exports will recover, driven by procurements beyond Europe, including
Jordan, Indonesia, the US, Canada, UAE, Mexico among others.

The report provides an in-depth analysis of the following:

  • The defense industry market size and drivers: detailed analysis of the
    Netherlands 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
  • 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
  • Porter’s Five Force analysis of the Netherlands defense industry:
    analysis of the market characteristics by determining the bargaining
    power of suppliers, bargaining power of buyers, threat of
    substitution, intensity of rivalry, and barriers to entry
  • Import and Export Dynamics: analysis of prevalent trends in the
    country’s imports and exports over the last five years
  • Market opportunities: details of the top five defense investment
  • Competitive landscape and strategic insights: analysis of the
    competitive landscape of the The Netherlands defense industry. It
    provides an overview of key players, together with insights such as
    key alliances, strategic initiatives, and a brief financial analysis.

Companies Mentioned

  • Boeing
  • Raytheon Missile Systems
  • Lockheed Martin
  • Leidos Inc.
  • Honeywell International Inc.
  • ARTEC GmbH
  • GKN Aerospace
  • Elbit Systems
  • Terma
  • Krauss-Maffei Wegmann (KMW)
  • Saab
  • Damen Schelde Naval Shipbuilding (DSNS)
  • TNO Defense
  • Thales Nederlands
  • RH Marine Group

For more information about this report visit

Laura Wood, Senior Press Manager
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
For GMT Office Hours Call +353-1-416-8900
Topics: Military
Aerospace and Defense

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