Estonia’s Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Estonia’s Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts 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.

The Estonian Defense budget will amount to US$0.7 billion in FY2020, reaching an all-time high in terms of the spending level. This currently equates to 2.2% of Estonian GDP. Several factors lie behind the growth of military expenditures over the past five years, this is primarily due to the threat of Russian expansion evidenced by the conflict in Ukraine and the Crimean annexation.Further to this, Estonia is willing to demonstrate its commitment to national and international security to its allies (primarily within NATO) and that the Armed Forces are ready and willing to uphold the principle of collective security. As such, despite the COVID-19 crisis, Estonia is forecasted to gradually increase defense spending.

This report offers detailed analysis of the Estonian defense market 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.

The growth of Estonian military expenditure is based on protecting Estonia and its close allies from the threat of Russian expansionist policies. Estonia remains strongly committed to keep spending 2% of GDP on defense as outlined within the NATO charter. Due to the small size of the defense budget Estonia is focusing on acquiring more affordable platforms such as missiles and armored vehicles; subsequently the Army is set to receive the lions share of the acquisition budget.

Scope

In particular, it provides an in-depth analysis of the following –

– The Estonian defense budget: detailed analysis of Estonia's FY2020 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.

– Regulation: the procurement policy and process is explained. This is coupled with an analysis of the US' military doctrine and strategy to provide a comprehensive overview of Estonian military regulation. – Security Environment: political alliances and perceived security threats to Estonia are examined; there help to explain trends in spending and modernisation.

– Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years

– Competitive landscape and strategic insights: analysis of the competitive landscape of the Estonian defense industry.

Reasons to Buy

– Determine prospective investment areas based on a detailed trend analysis of the Estonia defense market over the next five years

– Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Estonia 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 Estonia defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion

– Channelize resources by focusing on the ongoing programs that are being undertaken by the Estonia government

– Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available

BAE Systems PLC
Hanwha Group
Raytheon Technologies
MBDA
Vovlo
Rafael Defense

Table of Contents

Table of Contents

Executive Summary

Regulation

Military Doctrine and Strategy

Budgeting Process

Procurement Policy and Process

Security Environment

Primary Threat Perception

Political and Strategic Alliances

Defense Market

Budgetary Assessment

Current Acquisition Programs

Import and Export Market Dynamics

Market Entry Strategy

Standing Fleet

Fixed-Wing Platforms

Rotorcraft Platforms

Maritime Platforms

Land Platforms

Main Defense Companies

BAE Systems PLC

Raytheon Technologies

Appendix

Macroeconomics

About this report

Frequently asked questions

Estonia’s Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts thematic reports
Currency USD
$1,250

Can be used by individual purchaser only

$3,750

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

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.

Sample Report

Estonia’s Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Estonia’s Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts in real time.

  • Access a live Estonia’s Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.