The market is both sizable and resilient. Global revenues are about €**.* billion today, projected to reach €**.* billion by ****, a steady five per cent annual growth path according to MP Corporate Finance. Europe holds a central position—six of the world’s ten largest exporters are based there, reflecting deep technical expertise and export orientation. Industrial demand and tighter safety rules remain important, but rising defence expenditure is becoming the primary growth engine, joined by emergency services and healthcare.
Industry structure
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