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Future of the Czech Republic Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2022

  • April 2017
  • 113 pages
  • Strategic Defence Intelligence (SDI)
Report ID: 2279113

Summary

Table of Contents

Future of the Czech Republic Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2022

Summary

The Czech Republic’s defense budget values US$2.15 Billion in 2017, and registered a CAGR of 0.76% during the historic period. The urgent need to modernize the country’s defense arsenal, especially in the wake of the current European migration crisis and Russia military aggression in Ukraine has woken the concerned authorities to the possibility of an armed conflict in Europe.

Czech Republic homeland security expenditure stands at US$2.69 Billion in 2017 and registered a CAGR of (minus) -1.02% during the historic period. Over the forecast period, the country’s homeland security expenditure is expected to increase from US$2.82 Billion in 2018 to US$3.25 Billion by 2022, reflecting a CAGR of 3.66%.
The country’s defense imports were highest in 2012 due to the procurement of four C-295 military aircraft, but declined thereafter due to budget cuts. Israel emerged as Czech Republic’s largest arms supplier during 2012-2016, supplying 39.5% of the country’s total defense imports; Italy stood as the second-largest arms supplier to Czech Republic between 2012 and 2016, supplying 23.7% of Czech’s imports, followed by Austria, which supplied 21.1%.

During 2012-2016, Iraq was the largest importer of Czech Republic defense equipment, accounting for 48% of Czech Republic’s total defense exports, with Vietnam emerging as the second largest export destination with 14% share in exports. Over 2012-2016, Aircraft accounted for the highest share of the total Czech Republic defense export with 46.6% during the historic period, followed by armored vehicles with 35.4%, sensors with 13.7%, and artillery with 4.1%.

The report “Future of the Czech Republic Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2022” offers insights into the market opportunities and entry strategies adopted by foreign OEMs (original equipment manufacturers) to gain a market share in the Czech Republic defense industry.

In particular, it offers in-depth analysis of the following -
- Market opportunity and attractiveness: Detailed analysis of the current industry size and growth expectations during 2018-2022, including highlights of the key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
- Procurement dynamics: Trend analysis of imports and exports, together with their implications and impact on the Czech Republic defense industry.
- Industry structure: Porter’s five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
- Market entry strategy: Analysis of possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
- Competitive landscape and strategic insights: Analysis of the competitive landscape of the defense industry in Czech Republic, providing an overview of key defense companies (both domestic and foreign), together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
- Business environment and country risk: A range of drivers at country level, assessing business environment and country risk. It covers historical and forecast values for a range of indicators, evaluating business confidence, economic performance, infrastructure quality and availability, labor force, demographics, and political and social risk.

Companies mentioned in this report: Aero Vodochody, Lom Praha, VOP CZ, Omnipol, Aura, Dicom, spol, ?eskázbrojovka

Scope

- The Czech Republic’s defense budget values US$2.15 billion in 2017, and registered a CAGR of 0.76% during the historic period. The urgent need to modernize the country’s defense arsenal, especially in the wake of the current European migration crisis and Russia military aggression in Ukraine has woken the concerned authorities to the possibility of an armed conflict in Europe. Coupled with the country’s participation in peacekeeping operations and counter terrorism, this has driven the Czech Republic defense expenditure during the historic period.
- The capital expenditure allocation, which declined at an average of -5.2% during the historic period, is expected to increase significantly by an average of 12.4% during the forecast period. Key opportunities for equipment suppliers are expected in sectors such as military radar, transport aircraft, infantry vehicles, and military helicopters.
- The MoD expected to invets in ammunition, weaponry, and equipment including new types of armament, new multi-role helicopters, infantry fighting vehicles, and air defense systems

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Czech Republic defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the Czech Republic defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

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