Estonian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024
May 2019
62
About the Report
About the Report
Estonian Defense Market-Attractiveness, Competitive Landscape and Forecasts to 2024 Summary Estonian 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 Estonian 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 Estonian defense industry market size and drivers: detailed analysis of the Estonian 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 Estonian defense industry. Scope - The Estonian defense industry market size and drivers: detailed analysis of the Estonian 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 Estonian defense industry. Reasons to buy - This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Estonian 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.
Products
Companies
BAE Systems
Hanwha Group
Saab
Northrop Grumman Corporation
Milrem AS
FLIR Systems
Table of Contents
Table of Contents
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. Estonia's annual defense expenditure to reach USD 968.2 million by 2024 3.2.2. Modernization and acquisition of military equipment and peacekeeping missions to drive Estonia's defense expenditure 3.2.3. The country's defense expenditure as a percentage of GDP is expected to average 2.2% over the forecast period 3.3. Analysis of Defense Budget Allocation 3.3.1. Capital expenditure's share of the overall defense budget 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. Estonia's homeland security budget is projected to increase at a CAGR of 2.26% over the forecast period 3.4.2. Cybercrime is the main driving factor behind homeland security expenditure 3.5. Benchmarking with Key Global Markets 3.5.1. Estonia's defense expenditure is expected to increase at a CAGR of 7.16% over the forecast period 3.5.2. Estonia's military expenditure is low when compared to countries with the largest defense expenditure 3.5.3. Estonia 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 (USD 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. The Netherlands was the leading supplier of arms to Estonia during the historic period, a trend that is expected to continue over the forecast period 4.1.3. Armored vehicles accounted for the majority of defense imports during 2014-2018 4.2. Export Market Dynamics 4.2.1. Estonia does not export arms due to its under-developed domestic arms industry 5. Market Entry Strategy 5.1. Market Regulation 5.1.1. Estonia has not disclosed any offset obligations 5.1.2. Regulations relating to foreign direct investment (FDI) in the defense sector have not been disclosed by the government 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 Estonia 6.1.2. Estonia Market Share Analysis, 2018 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 Million) 7.1.4. Imports of Goods and Services (LCU Million) 7.1.5. Gross National Disposable Income (USD Million) 7.1.6. Local Currency Unit per USD 7.1.7. Market Capitalization of Listed Companies (USD Billion) 7.1.8. Market Capitalization of Listed Companies (% of GDP) 7.1.9. Goods Exports as a Percentage of GDP 7.1.10. Goods Imports as a Percentage of GDP 7.1.11. Services Imports as a Percentage of GDP 7.1.12. Services Exports as a Percentage of GDP 7.1.13. Foreign Direct Investment, Net (BoP, current USD Million) 7.1.14. Net Foreign Direct Investment as a Percentage of GDP 7.1.15. Mining, Manufacturing, Utilities Output 8. Appendix 8.1. About GlobalData 8.2. Disclaime
List of Figure
List of Figures Figure 1: Estonian Defense Budget: 2020 and 2024 Figure 2: Estonian Defense Imports/Exports: 2013 and 2017 Figure 3: Estonia's Top Three Prospective Procurements/Developments Figure 4: Estonia Defense Expenditure (EUR Million), 2015-2024 Figure 5: Estonia Defense Expenditure (USD Million), 2015-2024 Figure 6: Estonia GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2015-2024 Figure 7: Estonia Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024 Figure 8: Estonia Capital Budget Expenditure (EUR Million), 2015-2024 Figure 9: Estonia Capital Budget Allocation (USD Million), 2015-2024 Figure 10: Estonia Per-Capita Defense Expenditure (USD ), 2015-2024 Figure 11: Estonia Homeland Security Budget (EUR Million), 2015-2024 Figure 12: Estonia Homeland Security Budget (USD Million), 2015-2024 Figure 13: Benchmarking with Key Markets-2015-2019 vs 2019-2024 Figure 14: Defense Expenditure of the World's Largest Military Spenders (USD Million), 2019 and 2024 Figure 15: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019 Figure 16: Estonia Defense Import Trend (USD Million), 2014-2018 (TIV Values) Figure 17: Estonia Defense Imports by Country (%), 2014-2018 Figure 18: Estonia Defense Imports by Category (%), 2014-2018 Figure 19: Estonia Budgeting Process (Sample Graphical Representation) Figure 20: Estonia Market Share Analysis, 2018 Figure 21: Estonia GDP Per Capita (USD ), 2015-2025 Figure 22: Estonia GDP, Current Prices (USD Million), 2015-2025 Figure 23: Estonia Exports of Goods and Services (LCU Million), 2005-2014 Figure 24: Estonia Imports of Goods and Services (LCU Million), 2005-2014 Figure 25: Estonia Gross National Disposable Income (USD Million), 2005-2012 Figure 26: Local Currency per USD , 2015-2024 Figure 27: Estonia Market Capitalization of Listed Companies (USD Billion), 2005-2012 Figure 28: Estonia Market Capitalization of Listed Companies (% of GDP), 2005-2012 Figure 29: Estonia Goods Exports as a Percentage of GDP, 2005-2013 Figure 30: Estonia Goods Imports as a Percentage of GDP, 2005-2013 Figure 31: Estonia Services Imports as a Percentage of GDP, 2005-2013 Figure 32: Estonia Services Exports as a Percentage of GDP, 2005-2013 Figure 33: Estonia Foreign Direct Investment, Net (BoP, current USD Million), 2005-2013 Figure 34: Estonia Net Foreign Direct Investment as a Percentage of GDP, 2005-2013 Figure 35: Estonia Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014
List of Table
List of Tables Table 1: Estonia-Ongoing Development and Procurement Programs (USD Million) Table 2: Estonia-Future Procurement Programs Table 3: Estonia Defense Expenditure (EUR Million and USD Million), 2015-2024 Table 4: Estonia GDP Growth and Defense Expenditure as Percentage of GDP Growth (%), 2015-2024 Table 5: Estonia Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024 Table 6: Estonia Defense Capital Expenditure (EUR Million and USD Million), 2015-2024 Table 7: Estonia Per Capita Defense Expenditure (USD ), 2015-2024 Table 8: Estonia Homeland Security Expenditure (EUR Million and USD Million), 2015-2024 Table 9: Benchmarking with Key Markets-2015-2019 vs 2019-2024 Table 10: Estonia-Top Defense Market Sectors by Value (USD Million), 2019-2024 Table 11: Competitive Landscape of the Estonia Defense Industry
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