Summary
Romanian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024, published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news.
This report offers detailed analysis of the Romanian defense industry 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.
In particular, it provides an in-depth analysis of the following -
- The Romanian defense industry market size and drivers: detailed analysis of the Romanian defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns.
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
- Market opportunities:list of the top ten defense investment opportunities over the next 5 years.
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Romanian defense industry.
Scope
- Romania's military expenditure, which stands at US$7.8 billion in 2019, is anticipated to grow from US$6.9 billion in 2020 to value US$7 billion in 2024, registering a CAGR of 0.43% over the forecast period, primarily fueled by the ongoing military modernization plans.
- Military expenditure, on a cumulative basis, is anticipated to be US$34.2 billion, which is higher than the US$23.5 billion spent during the historic period. Romania is an active participant in joint operations with the European Union (EU) and peacekeeping operations with NATO and the United Nations (UN).
- The defense budget as a percentage of GDP is expected to increase on an average from 2.3% during 2015-2019 to 2.6% over 2020-2024. The country’s per capita defense expenditure is expected to increase from US$404 in 2019 to US$371.5 in 2024.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Romanian 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 Romanian defense industry covering sections including demand drivers, key trends and latest industry contracts.
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Table of Contents
List of Figures
List of Tables
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About GlobalData
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Procurement Programs
3.1.2. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Romanian defense expenditure to register a CAGR of 0.43% over the forecast period
3.2.2. The country’s modernization efforts to meet NATO standards, and its participation in peacekeeping missions will support defense expenditure
3.3. Analysis of Defense Budget Allocation
3.3.1. Romania’s defense expenditure as a percentage of GDP is projected to increase on an average over the forecast period
3.3.2. Capital expenditure allocation expected to increase over the forecast period
3.3.3. Capital expenditure expected to grow at a CAGR of 12.63% over the forecast period
3.3.4. Per capita defense expenditure forecasted to grow over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Homeland security budget projected to grow steadily over the forecast period
3.4.2. Border control measures and cybercrime to drive homeland security budget
3.5. Benchmarking with Key Global Markets
3.5.1. Romania’s defense budget to increase at a CAGR of 0.43% during the forecast period
3.5.2. Romanian defense expenditure is expected to remain low compared to other leading spenders
3.5.3. The country allocates a lower percentage of GDP towards defense compared to other top defense spenders globally
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top Defense Market Sectors by Value (US$ Million) - Projections over 2019-2024
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports registered an increasing trend during 2014-2018
4.1.2. Romania sourced most of its arms from Portugal
4.1.3. Aircraft and sensors accounted for most of arms imports during 2014-2018
4.2. Export Market Dynamics
4.2.1. Defense exports were negligible during 2014-2018
5. Market Entry Strategy
5.1. Market Regulation
5.1.1. Offset policy mandates that suppliers invest a minimum of 80% of the contract value into the Romanian economy
5.1.2. Romania allows 100% foreign direct investment in the defense sector
5.2. Market Entry Route
5.2.1. Budgeting Process
5.2.2. Procurement Policy and Process
5.2.3. Foreign OEMs enter the market through the acquisition of domestic defense companies
5.2.4. EDA promotes defense procurements within the EU
6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview
7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. GDP Per Capita
7.1.2. GDP, Current Prices
7.1.3. Exports of Goods and Services (LCU Billion)
7.1.4. Imports of Goods and Services (LCU Billion)
7.1.5. Gross National Disposable Income (US$ Billion)
7.1.6. Local Currency Unit per US$
7.1.7. Market Capitalization of Listed Companies
7.1.8. Market Capitalization of Listed Companies (% of GDP)
7.1.9. Government Cash Surplus/Deficit as a Percentage of GDP
7.1.10. Goods Exports as a Percentage of GDP
7.1.11. Goods Imports as a Percentage of GDP
7.1.12. Service Imports as a Percentage of GDP
7.1.13. Service Exports as a Percentage of GDP
7.1.14. Net Foreign Direct Investment (US$ Billion)
7.1.15. Net Foreign Direct Investment as a Percentage of GDP
7.1.16. Mining, Manufacturing, Utilities Output
8. Appendix
8.1. About GlobalData
8.2. Disclaimer
List of Tables
Table 1: Romanian Ongoing Procurement Programs
Table 2: Romanian Future Procurement Programs
Table 3: Romanian Defense Expenditure (RON Billion & US$ Billion), 2015-2024
Table 4: Romanian GDP Growth vs. Defense Expenditure as a Percentage of GDP Growth, 2015-2024
Table 5: Romanian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 6: Romanian Defense Capital Expenditure (RON Billion & US$ Billion), 2015-2024
Table 7: Romanian Per Capita Defense Expenditure (US$), 2015-2024
Table 8: Romanian Homeland Security Expenditure (RON Billion & US$ Billion), 2015-2024
Table 9: Benchmarking with Key Markets: 2015-2019 vs. 2020-2024
Table 10: Top Romanian Defense Market Sectors by Value (US$ Million) - 2019-2024
Table 11: Offset Regulations in Romania
Table 12: Romanian Budget Formation Timetable:
Table 13: Market Entry Strategies by Key Foreign Companies
Table 14: Competitive Landscape of the Romanian Defense Industry
List of Figures
Figure 1: Romanian Defense Budget: 2020 and 2024
Figure 2: Romanian Defense Imports/Exports: 2014 and 2018
Figure 3: Romania’s Top Three Prospective Procurements/Developments
Figure 4: Romanian Defense Expenditure (RON Billion), 2015-2024
Figure 5: Romanian Defense Expenditure (US$ Billion), 2015-2024
Figure 6: Romanian GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2015-2024
Figure 7: Romanian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 8: Romanian Capital Budget Allocation (RON Billion), 2015-2024
Figure 9: Romanian Capital Budget Allocation (US$ Billion), 2015-2024
Figure 10: Romanian Per Capita Defense Expenditure (US$), 2015-2024
Figure 11: Romanian Homeland Security Expenditure (RON Billion), 2015-2024
Figure 12: Romanian Homeland Security Expenditure (US$ Billion), 2015-2024
Figure 13: Benchmarking with the World’s Largest and Top Regional Defense Spenders (US$ Billion), 2019 and 2024
Figure 14: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2019 and 2024
Figure 15: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 16: Romanian Defense Import Trend (US$ Million), 2014-2018
Figure 17: Romanian Defense Imports by Country (%), 2014-2018
Figure 18: Romanian Defense Imports by Category (%), 2014-2018
Figure 19: Romanian GDP Per Capita, 2015-2025
Figure 20: Romanian GDP, Current Prices (US$ Billion), 2015-2025
Figure 21: Romanian Export of Goods and Services (LCU Billion), 2005-2014
Figure 22: Romanian Imports of Goods and Services (LCU Billion), 2005-2014
Figure 23: Gross National Disposable Income (US$ Billion), 2005-2014
Figure 24: Local Currency per US$, 2015-2024
Figure 25: Romanian Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 26: Romanian Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 27: Romanian Government Cash Surplus/Deficit as a % of GDP, 2005-2012
Figure 28: Romanian Goods Exports as a % of GDP, 2005-2014
Figure 29: Romanian Goods Imports as a % of GDP, 2005-2014
Figure 30: Romanian Service Imports as a % of GDP, 2005-2014
Figure 31: Romanian Service Exports as a % of GDP, 2005-2014
Figure 32: Romanian Net Foreign Direct Investment (US$ Billion), 2005-2014
Figure 33: Romanian Net Foreign Direct Investment as a % of GDP, 2005-2014
Figure 34: Romanian Mining, Manufacturing, Utilities Output (US$ Billion), 2005-2014
