HCOB sees German defense sector becoming growth market for mid-sized firms
XLI•Federal plans point to larger volumes by 2030
Federal plans point to total defense spending of EUR 183.7 billion by 2030; company-relevant volumes could reach about EUR 140 billion, or 77%.
Expansion may be limited by capacity and labor constraints
Capacity constraints, certification requirements, security clearances, and skilled-labor shortages are seen limiting near-term expansion.
Hamburg Commercial Bank sees defense spending as structural growth market
Hamburg Commercial Bank study flags German defense spending as a structural growth market for mid-sized companies in 2026.
Of roughly EUR 108 billion planned, about EUR 73 billion is expected to flow directly to companies, largely via prime contractors.
Company-relevant defense demand is projected to rise 36% from 2025 to EUR 72.6 billion.
