Romanian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

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