Estonian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

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

- Growth in the Estonian defense market is primarily driven by the need to modernize the country’s defense arsenal and Russia’s military aggression in Ukraine, which had brought about the possibility of an armed conflict in Europe.

- The country’s participation in peacekeeping operations and counter terrorism also fueled defense expenditure growth during the historic period. The Estonian government aims to increase the salaries of military personnel and boost military procurement, with the latter category making up as much as 40% of defense expenditure, according to the 2019 budget.

- With this trend expected to continue over the forecast period, Estonia’s defense expenditure is anticipated to register a CAGR of 7.16% to value US$968.2 million in 2024.

- As a percentage of GDP, the country’s defense expenditure is expected to average 2.2% over the forecast period, compared to the 2.1% recorded during the historic period. The increase in defense spending in the 2019 defense budget is also in accordance with the 2019–2022 State Budget Strategy.

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.

Companies mentioned

BAE Systems

Hanwha Group

Saab

Northrop Grumman Corporation

Milrem AS

FLIR Systems

BAE Systems

Hanwha Group

Saab

Northrop Grumman Corporation

Milrem AS

FLIR Systems

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 ...

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 US$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 (US$ 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 (US$ Million)

7.1.6. Local Currency Unit per US$

7.1.7. Market Capitalization of Listed Companies (US$ 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 US$ 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 Tables

List of Tables

Table 1: Estonia – Ongoing Development and Procurement Programs (US$ Million)

Table 2: Estonia – Future Procurement Programs

Table 3: Estonia Defense Expenditure (EUR ...

List of Tables

Table 1: Estonia – Ongoing Development and Procurement Programs (US$ Million)

Table 2: Estonia – Future Procurement Programs

Table 3: Estonia Defense Expenditure (EUR Million and US$ 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 US$ Million), 2015–2024

Table 7: Estonia Per Capita Defense Expenditure (US$), 2015–2024

Table 8: Estonia Homeland Security Expenditure (EUR Million and US$ Million), 2015–2024

Table 9: Benchmarking with Key Markets – 2015–2019 vs 2019–2024

Table 10: Estonia – Top Defense Market Sectors by Value (US$ Million), 2019–2024

Table 11: Competitive Landscape of the Estonia Defense Industry

List of Figures

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 ...

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 (US$ 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 (US$ Million), 2015–2024

Figure 10: Estonia Per-Capita Defense Expenditure (US$), 2015–2024

Figure 11: Estonia Homeland Security Budget (EUR Million), 2015–2024

Figure 12: Estonia Homeland Security Budget (US$ 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 (US$ Million), 2019 and 2024

Figure 15: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019

Figure 16: Estonia Defense Import Trend (US$ 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 (US$), 2015–2025

Figure 22: Estonia GDP, Current Prices (US$ 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 (US$ Million), 2005–2012

Figure 26: Local Currency per US$, 2015–2024

Figure 27: Estonia Market Capitalization of Listed Companies (US$ 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 US$ 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

    Pricing

Discounts available for multiple report purchases.

reportstore@globaldata.com
+44 (0) 161 359 5813

Join our mailing list

Saved reports