The Aerospace Market in Sweden

A Hot Tip about Defense Aircraft in Sweden

Posted on: 15 Mar 2010

Summary

In 2006, the Swedish market for aircraft and aircraft parts was valued at USD 375 million. The U.S. was the largest supplier with 48 per cent of the imports. A major part of the imports from the U.S. was aircraft, which accounted for 54 percent while parts accounted for about 44 percent.

 

Strong market potential exists for U.S. suppliers with quality products in most areas of aircraft, avionics, supply of technology, as well as aircraft parts and components. Exporting U.S. products to the Swedish market is a straightforward process as there are no trade barriers or market impediments. U.S. exporters are encouraged to closely follow the market opportunities that arise in Sweden. The Commercial Service in Stockholm is available to counsel and assist any exporters’ efforts into Sweden.

 

Market Demand

The market for aircraft and aircraft parts is closely linked to Sweden’s volume of air traffic, which rose by 3 percent in 2006. After three years of downturns following 9/11 in 2001, air traffic has entered an upturn with more about 26 million passengers. The forecast is that the Swedes will continue to travel in large numbers, which will have a positive impact on the market demand for aircraft and parts. During the last three years the number of passengers has risen by 13 percent and is a reflection of the favorable economic situation in Sweden and the world as a whole.

 

The main expansion is in international air traffic at Sweden’s two largest airports, Stockholm-Arlanda and Goteborg-Landvetter.

 

The largest single buyer of U.S. aircraft and parts is the SAS Group, which is the main airline in the Nordic region. The company’s fleet includes aircraft from Airbus, Boeing and McDonell Douglas. Another major buyer of U.S. products is Saab, which operates in the defense sector (see under Key Suppliers). Other potential customers are regional airlines, operators of air taxi services and business jets.

 

The Swedish aircraft industry, with companies such as Saab and Volvo Aero is of great importance to U.S. suppliers. U.S. parts and components are frequently used in the production of Swedish aerospace products. Saab reports that more than 50 percent of the advanced fighter, the Gripen, is U.S. content.

 

 

By Hakan Vidal

 

 

Read the full market research report


Posted: 15 March 2010

See more from Defense Aircraft in Sweden

Hot Tips    
An Overview of the Aerospace Market in Sweden   By U.S. Commercial Service Poland
The Aerospace Market in Sweden   By U.S. Commercial Service Poland