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. Lithuanian annual defense expenditure to reach US$1.4 billion by 2024
3.2.2. Modernization and acquisition of military equipment and counter-terrorism to drive Lithuanian defense expenditure
3.2.3. The country’s defense expenditure as a percentage of GDP is expected to average 2.01% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure’s share of total expenditure to increase considerably over the forecast period
3.3.2. Capital expenditure budget is expected to increase over the forecast period
3.3.3. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Lithuanian homeland security (HLS) budget is estimated to increase at a CAGR of 13.02% over the forecast period
3.4.2. Organized crime forms the major component of homeland security expenditure
3.5. Benchmarking with Key Global Markets
3.5.1. Lithuanian defense expenditure is expected to increase at a CAGR of 7.88% over the forecast period
3.5.2. Lithuanian military expenditure is low compared to countries with the largest defense expenditure
3.5.3. Lithuania allocates a low percentage of GDP to defense
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections over 2019-2024

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. The country’s current need to modernize its armed forces will drive defense imports
4.1.2. Germany was the leading supplier of arms to Lithuania during the period 2014-2018, a trend that is expected to continue over the forecast period
4.1.3. Artillery accounted for the majority of defense imports during 2014-2018
4.2. Export Market Dynamics
4.2.1. Lithuania does not export a large volume of arms due to its undeveloped domestic industry

5. Industry Dynamics
5.1. Market Regulation
5.1.1. Lithuanian Ministry of Economy enforces a comprehensive defense offset policy
5.1.2. Lithuanian prohibits any foreign direct investment in defense sector
5.2. Market Entry Route
5.2.1. Budgeting process
5.2.2. Government-to-government agreements are the preferred market entry route for foreign OEMs

6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview
6.1.1. Foreign suppliers manufacture defense systems overseas and deliver them to Lithuania
6.1.2. Lithuanian Market Share Analysis, 2019-2024

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 (US$ Billion)
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. Services Imports as a Percentage of GDP
7.1.13. Service Exports as a Percentage of GDP
7.1.14. Foreign Direct Investment, Net (BoP, Current 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: Lithuanian - Ongoing Development and Procurement Programs (US$)
Table 2: Lithuanian - Future Procurement Programs
Table 3: Lithuanian Defense Expenditure (EUR Million and US$ Million), 2015-2024
Table 4: Lithuanian GDP Growth and Defense Expenditure as a Percentage of GDP Growth (%), 2015-2024
Table 5: Lithuanian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 6: Lithuanian Defense Capital Expenditure (NZ$ Million and US$ Million), 2015-2024
Table 7: Lithuanian Per Capita Defense Expenditure (US$), 2015-2024
Table 8: Lithuanian Homeland Security Expenditure (EUR Million and US$ Million), 2015-2024
Table 9: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
Table 10: Top 10 Lithuanian Defense Market Sectors by Value (US$ Million), 2019-2024
Table 11: Lithuanian Offset Regulations (%)
Table 12: Lithuanian Budget Formation Time Table
Table 13: Competitive Landscape of the Lithuanian Defense Industry

List of Figures
Figure 1: Lithuanian Defense Budget, 2020 and 2024
Figure 2: Lithuanian Defense Imports, 2014 and 2018
Figure 3 : Lithuanian Top Prospective Procurements/Developments
Figure 4: Lithuanian Annual Defense Expenditure (EUR Million), 2015-2024
Figure 5: Lithuanian Annual Defense Expenditure (US$ Million), 2015-2024
Figure 6: Lithuanian GDP Growth vs Defense Expenditure as a Percentage of GDP Growth, 2015-2024
Figure 7: Lithuanian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 8: Lithuanian Capital Budget Expenditure (EUR Million), 2015-2024
Figure 9: Lithuanian Capital Budget Expenditure (US$ million), 2015-2024
Figure 10: Lithuanian Per Capita Defense Expenditure (US$), 2015-2024
Figure 11: Lithuanian Homeland Security Budget (EUR Million), 2015-2024
Figure 12: Lithuanian Homeland Security Budget (US$ Million), 2015-2024
Figure 13: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
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: Lithuanian Defense Import Trend (US$ Million), 2014-2018 (TIV Values)
Figure 17: Lithuanian Defense Imports by Country (%), 2014-2018
Figure 18: Lithuanian Defense Imports by Category (%), 2014-2018
Figure 19: Lithuanian Market Share Analysis, 2019-2024
Figure 20: Lithuanian GDP Per Capita (US$), 2015-2025
Figure 21: Lithuanian GDP, Current Prices (US$ Billion), 2015-2024
Figure 22: Lithuanian Exports of Goods and Services (LCU Billion), 2005-2014
Figure 23: Lithuanian Imports of Goods and Services (LCU Billion), 2005-2014
Figure 24: Lithuanian Gross National Disposable Income (US$ Billion), 2005-2013
Figure 25: Local Currency per US$, 2015-2024
Figure 26: Lithuanian Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 27: Lithuanian Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 28: Lithuanian Government Cash Surplus/Deficit as a Percentage of GDP, 2005-2012
Figure 29: Lithuanian Goods Exports as a Percentage of GDP, 2005-2014
Figure 30: Lithuanian Goods Imports as a Percentage of GDP, 2005-2014
Figure 31: Lithuanian Services Imports as a Percentage of GDP, 2005-2014
Figure 32: Lithuanian Service Exports as a Percentage of GDP, 2005-2014
Figure 33: Lithuanian Foreign Direct Investment, Net (BoP, Current US$ Billion), 2005-2014
Figure 34: Lithuanian Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
Figure 35: Lithuanian Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

Companies Mentioned
- Israel Aerospace Industries (IAI)
- Soltam Systems
- Rafael Advanced Defense Systems
- ARTEC GmbH.
- Kongsberg Defence & Aerospace
- SaaB
- Mesko
- Raytheon
- Lockheed Martin
- Atlas
- Altechna
- Elsis
- FTMC and Girait?s Ginkluot?s Gamykla AB