BROWSE THROUGH OUR TRADE FAIRS IN GERMANY FOR DEFENSE INDUSTRY

Germany is among the leading and time-honoured countries in the global armament industry. This is due to the county featuring a comprehensive and high-value defense sector. It comprises diverse businesses that represent the entire value chain. This includes manufacturers, suppliers, distributors, exporters, importers, et cetera. This results in the direct employment of around 55 500 specialists. It also results in the indirect employment of up to 300 000 experts. Additionally, it results in a high-value sector that serves as the third most extensive defense market in Europe. This is due to the segment often generating revenues that can and often do surpass 30 000 000 000 EUR revenue. For example, the German armament sector reached a revenue of 39 000 000 000 EUR or 41 100 000 000 USD in recent years. This placed the country’s defense industry in a position after the United Kingdom and France. It should additionally be noted that around three-quarters of the state’s armament revenue is due to exportations. As a result of such values, Germany’s defense industry often contributed between 1.20 and over 3% of the country’s GDP. It is also projected to develop at a CAGR of 4.3% in the upcoming decade. This is due to diverse causes, including the recent financial aid provided by the Bundestag. Such funding, totalling 100 000 000 000 EUR, is intended to aid the segment in its further development. This includes the research of innovations. Often, the sector displays its latest innovations during trade expositions in various cities. Such events take place once every one, two or four to five years. They attract tens of thousands of attendees.