Boston, MA -- (SBWire) -- 11/15/2012 --This report is the result of SDI's extensive market and company research covering the Romanian defense industry. It provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.
Introduction and Landscape
Why was the report written?
The Romanian defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017, offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Romanian defense industry.
What is the current market landscape and what is changing?
During the review period, the Romanian defense budget recorded a CAGR of -16.08%, as a consequence of the global financial crisis and fiscal pressures in Romania. The defense budget, which stands at 0.8% of GDP in 2012, is expected to decrease to 0.7% by 2017, as the country's GDP growth rate is expected to outpace its defense expenditure growth rate. However, the defense budget is expected to increase during the forecast period due to economic recovery, relatively higher budget allocation for defense, and a lack of significant security threats to national security. During the review period, the country's capital expenditure allocation stood at 14.7% of the total defense budget and is expected to increase to 18.5% over the forecast period, due to lower equipment purchase allocations. Consequently, the share of revenue expenditure of the total defense budget is expected to decline from an average of 85.3% during the review period to an average of 82.6% during the forecast period.
View Full Report Details and Table of Contents
What are the key drivers behind recent market changes?
Participation in peacekeeping missions, joint operations and border control measures will support defense expenditure. The defense expenditure of Romania is primarily driven by the country's participation in various international peacekeeping missions, joint operations with the police force for the internal security of the country, and modernization of the armed forces, primarily by acquiring second-hand equipment. Romania actively participates in various peacekeeping missions around the world. In 2011, Romania participated in NATO's Operation Unified Protector and imposed an arms embargo towards Libya, which contributed towards its liberation from the Gaddafi government. Romania has increased its border control during 2011 in a bid to gain entry to the Schengen area. Romanian police and anticorruption prosecutors raided custom checkpoints to demonstrate to the EU that Romania is making its border firm and attempting to stop illegal immigration.
What makes this report unique and essential to read?
Companies Mentioned in this Report: CN Romarm SA, S.C. Uzina Mecanica Cugir S.A., Aerostar S.A., IAR S.A. Brasov, Turbomecanica S.A., Electromagnetica SA, Avioane Craiova S.A, Elprof S.A, IOR S.A
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Defense research reports at Fast Market Research
You may also be interested in these related reports:
- The Romanian Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- The Norwegian Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
- The Ukrainian Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
- The Spanish Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
- The Belgian Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
- The Greek Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
- The Romanian Defense Industry - Market Opportunities and Entry Strategies Analyses and Forecasts to 2015
- The Colombian Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
- The Argentine Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
- The Thai Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
New Market Study: "The Romanian Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017"
Recently published research from ICD-Research, "The Romanian Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017", is now available at Fast Market Research