Lithuanian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024
October 2019
71
About the Report
About the Report
Lithuanian Defense Market-Attractiveness, Competitive Landscape and Forecasts to 2024
Summary
The Future of the Lithuanian Defense Industry-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 Lithuania's 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 Lithuania's defense industry market size and drivers: detailed analysis of the Lithuania's 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 the army, navy, and air force. It also details the key challenges faced by defense market participants within the country
- Porter's Five Force analysis of the Lithuania's defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
- Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
- Market opportunities: details of the top five defense investment opportunities over the next 10 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Lithuania's defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis
Scope
- The growth in the Lithuanian defense expenditure is primarily expected to be fueled by the ever-present threat of Russian intervention within the country. Russia, which has demonstrated willingness to adopt aggressive military measures to secure its strategic interests continues to present a clear and present danger to Lithuanian national security.
- The country has a fairly large population of Russo-phone people and remains wary of Russian attempts to influence them to destabilize the country. As such Lithuania is anticipated to invest heavily in modernizing its own defense capability, with specific emphasis on increasing the level of interoperability with other NATO allied forces. Lithuanian defense expenditure, which is valued at USD 1.07 in 2019, is anticipated to stabilize and while the country's defense expenditure experienced a rapid growth rate of 22.68% over the historic period
- On a cumulative basis, the country is expected to invest USD 6.4 billion for defense purposes, of which USD 2.2 billion is earmarked for capital expenditure to fund defense procurements. The government's well-defined military modernization plans are expected to stimulate the expenditure over the next few years The MoD is expected to invest in JLTV vehicles, additional NASAMS air defense system, Infantry Fighting Vehicles (IFV), multipurpose helicopters and self propeleld artillery systems.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Lithuanian 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 Lithuanian defense industry covering sections including demand drivers, Porter's Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts
Products
Products
Defense, budget, offset, regulation, capital expenditure, homeland, drivers, market opportunities, procurement, entry route, key challenge, announcements, alliances, contract awards, financial analysis, business environment
Companies
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
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. Lithuanian annual defense expenditure to reach USD 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 (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. 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 (USD Billion)
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. 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 USD 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 Figure
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 (USD 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 (USD million), 2015-2024
Figure 10: Lithuanian Per Capita Defense Expenditure (USD ), 2015-2024
Figure 11: Lithuanian Homeland Security Budget (EUR Million), 2015-2024
Figure 12: Lithuanian Homeland Security Budget (USD 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 (USD Billion), 2019 and 2024
Figure 15: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 16: Lithuanian Defense Import Trend (USD 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 (USD ), 2015-2025
Figure 21: Lithuanian GDP, Current Prices (USD 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 (USD Billion), 2005-2013
Figure 25: Local Currency per USD , 2015-2024
Figure 26: Lithuanian Market Capitalization of Listed Companies (USD 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 USD 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
List of Table
List of Tables
Table 1: Lithuanian-Ongoing Development and Procurement Programs (USD )
Table 2: Lithuanian-Future Procurement Programs
Table 3: Lithuanian Defense Expenditure (EUR Million and USD 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 (NZUSD Million and USD Million), 2015-2024
Table 7: Lithuanian Per Capita Defense Expenditure (USD ), 2015-2024
Table 8: Lithuanian Homeland Security Expenditure (EUR Million and USD Million), 2015-2024
Table 9: Benchmarking with Key Markets-2015-2019 vs 2020-2024
Table 10: Top 10 Lithuanian Defense Market Sectors by Value (USD Million), 2019-2024
Table 11: Lithuanian Offset Regulations (%)
Table 12: Lithuanian Budget Formation Time Table
Table 13: Competitive Landscape of the Lithuanian Defense Industry
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