Growth of Defence Tech in Europe

The defence tech industry is experiencing significant growth across Europe, driven mainly by geopolitical tensions, particularly due to the war in Ukraine. Companies, such as Vario Technologies in Finland, are innovating through mixed reality technologies that provide advanced training simulations for military personnel, leading to increased interest and funding in the sector. In the last two years, venture capital investment in defence-related companies has seen a 30% rise, contrasting sharply with the broader European market's 45% decline. This burgeoning sector is buoyed by historical contexts, notably Finland's proximity to Russia and its NATO membership, which have heightened awareness of security needs.