Romania - FY 2020 Defense Budget Analysis, Competitive Landscape and Forecasts

Romania - FY 2020 Defense Budget Analysis, Competitive Landscape and Forecasts

  • June 2020 •
  • 24 pages •
  • Report ID: 5914324 •
  • Format: PDF
Romania - FY 2020 Defense Budget Analysis, Competitive Landscape and Forecasts

Summary
Romania - FY 2020 Defense Budget Analysis, Competitive Landscape and Forecasts, published, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand and an analysis of industry leading companies.

This report offers detailed analysis of the Romanian defense market with forecasts covering the next five years. This report will also analyze factors that influence demand for the market, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following -
- The Romanian defense 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 procurement, Operations & Maintenance (O&M) and others expenditure.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years

Scope
- Romania?s overall defense budget for Fiscal Year (FY) 2020 is US$5.7 billion. Romania has been one of the largest defense spenders within NATO, relative to GDP, and has met NATO?s requirement that members spend 2% of their GDP on defense since FY2019.
- Since the collapse of the Soviet Union in 1991, Romania has been a strong Western ally, joining NATO, the EU, and the UN.
- In order to fulfill its international commitments, as well as to enable it to meet the growing threat of Russia, Romania has been steadily increasing its defense spending.

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 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 the expected investment pattern by the country during the forecast period
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