Romania Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026
Romania Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 report provides the market size forecast and the projected growth rate for the next five years.The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants.
It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
Over the historic period, increasing Romanian defense expenditure has been primarily driven by the need to modernize the Romanian Armed Forces, in order to guarantee national sovereignty, independence, and territorial integrity, and also allow Romania to actively contribute to regional and global stability and security through key alliances such as the EU and NATO. Over 2017-2021, Romania’s defense expenditure grew at a CAGR of 10.08%, and reached a high of US$5.7 billion in 2021.
This report offers detailed analysis of Romania’s defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
- Russian influence in the Black Sea
- One of the primary security threats to Romania is the destabilization of the security environment in the Black Sea Extended Region (BSER), driven by actions undertaken by Russia ta strengthen its influence in Eastern Europe. This threat is underscored by the Russian invasion and annexation of Crimea in 2014.
- Hybrid warfare, as a threat from a state or non-state enemy, that is using conventional and nonconventional methods and means in a vector-oriented and uniform manner, may represent a major risk against the security of Romania.
Who Should Buy
- Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
- The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
- The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.
In particular, it provides an in-depth analysis of the following -
- Romania’s defense budget: detailed analysis of Romania’s FY2021 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
- Regulation: the procurement policy and process is explained. This is coupled with an analysis of Romania’s military doctrine and strategy to provide a comprehensive overview of Romanian military regulation.
- Security Environment: political alliances and perceived security threats to Romania are examined; which will help to explain trends in spending and modernisation.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Romanian defense industry.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the Romanian defense market over the next five years
- Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Romanian market and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
- Identify the major threats that are driving the Romanian defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channel resources by focusing on the ongoing programs that are being undertaken by the Romanian government
- Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available