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

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

Summary

"Croatian Defense 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 Croatian 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 Croatian defense industry market size and drivers: detailed analysis of the Croatian 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 Croatian defense industry.

Scope

- Croatia joined NATO in April 2009, becoming the second previously Yugoslav country to do so after Slovenia, which joined in 2004. Relations between the NATO countries and Russia have reached their lowest point since the end of the Cold War and the US is exerting pressure on its European allies to increase their defense budgets, an area where Croatia has been lagging behind. All NATO partners had agreed to comply to contribute at least 2% of their GDP towards defense expenditure in 2014 with Croatia, who joined the NATO in 2009, allocating 1.5% of its GDP on defense in the 2019 budget.
- The country has emerged as an important contributor to regional stability and international security since joining NATO. It is a relatively peaceful country compared to other Central European nations, which encounter frequent turbulence. Croatia is also an active participant in the NATO Partnership for Peace Program. Since 2003, over 6,700 Croatian soldiers have participated in NATO-led operations, missions and activities. In honor of the 10th anniversary of Croatia's accession to NATO, international military exercises will be held in the country in May and June 2019, where 750 Croatian military personnel, 450 representatives of NATO countries and partner countries, 60 aircraft, 30 helicopters, and 800 ground vehicles will take part. This first part of a threefold military exercise, dubbed Immediate Response 19, was launched on 10 May 2019, and will be followed by the Astral Knight 19 and Swift Response 19. The country is also working aggressively to strengthen its diplomatic ties and defense cooperation with other countries to enhance its military capabilities. Croatia recently signed defense cooperation agreements with countries like the Philippines and Albania which is expected to provide fresh impetus to defense cooperation between the countries.
- The growth in the Croatian defense market is primarily driven by the need to modernize the country's defense arsenal and counter Russian military aggression in Ukraine, which brought about the possibility of an armed conflict in the European region. The country's participation in peacekeeping operations and counter terrorism also fueled Croatia's defense expenditure during the historic period.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Croatian 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 Estonian defense industry covering sections including demand drivers, key trends and latest industry contracts.
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Croatian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024
Published By :GlobalData
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