Croatia Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Croatia defense budget is $1.2 billion in 2022. The market is expected to achieve a CAGR of more than 7% during 2023-27. The Croatia defense market research report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
For more Croatia defense market insights, download a free report sample
Croatia Defense Market Drivers
Croatia is making efforts to modernize its military with new equipment and technology. The country is making a number of acquisitions to replace existing soviet technology.
Croatia is also seeking to boost its domestic industry by investing in it and utilizing opportunities through EU funds.
Much of Croatia’s defense spending is to enable its armed forces to address the diverse threats the country faces.
Military Doctrines and Defense Strategies in Croatia
The National Security Strategy (NSS) details the policies to be implemented to protect national security. To do so, the government has decided on a ‘comprehensive action’ conceptual approach that involves civil, military, diplomatic, economic, and political actors collaborating to achieve security conditions for sustainable development. Croatian national interests include the safety of its citizens, territorial integrity, national sovereignty, national identity, international reputation, and the well-being of its overseas diaspora as primary interests.
Croatia has also developed a cyber security strategy in recent years that aims to provide the country with capabilities to develop modern cyber services across public and private sectors. The strategy is designed to protect Croatia from modern-day cyber threats and increase capabilities and awareness in the sector. This strategy indicates that the Croatian government is committed to modernization and to providing ongoing funding to strengthen cyber capacity in the coming years.
Key Sectors in the Croatia Defense Market
Military fixed-wing, military infrastructure and logistics, military land vehicles, and missile and missile defense systems feature as the top four sectors in the market. Other prominent sectors include military ammunitions, tactical communications, military radar, electronic warfare systems, EOIR systems, military rotorcraft, body armor and personal protection, military simulation and training, naval vessels and surface combatant, INS GNSS, and artillery.
Croatia Defense Market Outlook by Sectors
For more sector insights, download a free report sample
Key Companies in the Croatia Defense Market
Some of the key companies in the Croatia defense market are Fincantieri SpAx, Asseco Poland SA, Air France Industries KLM Engineering and Maintenance, Moog Inc, Montana Tech Components AG, Teledyne FLIR LLC, Fischer Advanced Composite Components AG, Viktor Lenac Shipyard DD, Duro Dakovic Group Plc, and Agencija Alan d.o.o.
Croatia Defense Market Report Overview
Market Size (2022) | $1.2 billion |
CAGR | >7% |
Forecast Period | 2023-2027 |
Key Sectors | Military Fixed-Wing, Military Infrastructure and Logistics, Military Land Vehicles, Missile and Missile Defense Systems, Military Ammunitions, Tactical Communications, Military Radar, Electronic Warfare Systems, EOIR Systems, Military Rotorcraft, Body Armor and Personal Protection, Military Simulation and Training, Naval Vessels and Surface Combatant, INS GNSS, and Artillery |
Key Companies | Fincantieri SpAx, Asseco Poland SA, Air France Industries KLM Engineering and Maintenance, Moog Inc, Montana Tech Components AG, Teledyne FLIR LLC, Fischer Advanced Composite Components AG, Viktor Lenac Shipyard DD, Duro Dakovic Group Plc, and Agencija Alan d.o.o |
Scope
This report provides:
- A detailed analysis of Croatia’s FY2022 defense budget, broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
- Explanation of the procurement policy and process. This is coupled with an analysis of Croatia’s military doctrine and strategy to provide a comprehensive overview of Croatian military regulation.
- Examination of political alliances and perceived security threats to Croatia. They help to explain trends in spending and modernization.
- Analysis of prevalent trends in the country’s imports and exports over the last five years.
- Analysis of the competitive landscape of Croatia’s defense industry.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of Croatia’s defense market over the next five years.
- Gain an in-depth understanding of the underlying factors driving demand for different defense and internal security segments in the Croatian market and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others.
- Identify the major threats that are driving the Croatian defense market providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
- Channel resources by focusing on the ongoing programs that are being undertaken by the Croatian government.
- Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also include information about the key products, alliances, recent contract awarded, and financial analysis, wherever available.
Asseco Poland
Air France
KLM
Moog inc
Montana Tech components
Teledyne FLIR
Fischer Advanced Components
Viktor Lenac Shipyard
Dassault Aviation
BAE Systems
Sikorsky Aircraft
Brodosplit
Table of Contents
Frequently asked questions
-
What is the Croatia defense budget in 2022?
The defense budget of Croatia is $1.2 billion in 2022.
-
What is the Croatia defense market growth rate?
The Croatia defense market is expected to achieve a CAGR of more than 7% during 2023-27.
-
What are the key sectors in the Croatia defense market?
The key sectors in the Croatia defense market are military fixed-wing, military infrastructure and logistics, military land vehicles, missile and missile defense systems, military ammunitions, tactical communications, military radar, electronic warfare systems, EOIR systems, military rotorcraft, body armor and personal protection, military simulation and training, naval vessels and surface combatant, INS GNSS, and artillery.
-
Which are the key companies in the Croatia defense market?
Some of the key companies in the Croatia defense market are Fincantieri SpAx, Asseco Poland SA, Air France Industries KLM Engineering and Maintenance, Moog Inc, Montana Tech Components AG, Teledyne FLIR LLC, Fischer Advanced Composite Components AG, Viktor Lenac Shipyard DD, Duro Dakovic Group Plc, and Agencija Alan d.o.o.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.