Lithuania Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027

The Lithuania defense budget is worth $1.6 billion in 2022 and is expected to achieve a CAGR of more than 7% during 2023-2027. The likelihood of an armed provocation, against the backdrop of the Russian invasion of Ukraine and the socio-political instability in the region, is the prime factor driving increased defense spending.

The Lithuania 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.

Lithuania Defense Market Outlook

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Lithuania Defense Market Drivers

The conflict in Ukraine and its proximity to Lithuania has become a major driver of defense spending for the country. Simultaneously, Lithuania sees NATO as being critical to collective security and is increasing spending to allow greater cooperation with the alliance.

Modernization commitments by the Lithuania government has become another primary driver of defense spending in Lithuania. Lithuania is committed to military modernization and is planning to purchase many key products in the forecast period.

Lithuania Military Doctrines and Defense Strategies

The key goal of Lithuania’s defense policy is ensuring that Lithuania can deter an armed attack and guaranteeing that Lithuania can maintain its territorial integrity. Cooperation with NATO is critical to ensuring this goal and Lithuania articulates contributions to international stability and peace as being necessary to ensuring this goal. Lithuania’s defense is centralized around the principle of ‘universal defense’, which in practical terms means mobilizing resources for Lithuanian defense, both military and non-military.

Moreover, Lithuania is fully committed to NATO and sees it as essential to its security, as well as collective international security. It also has strategic relationships with the US and Germany, who both have long-term troop deployments in the country. The country also contributes to EU and UN operations, though it prioritizes NATO operations.

Lithuania Defense Market Segmentation by Sectors

The key sectors in the Lithuania defense market are military land vehicles, military rotorcraft, artillery, missiles and missile defense, naval vessels, military ammunitions, and military simulation and training. Military land vehicles is forecast to be the largest sector in Lithuania’s defense market and is followed by military rotorcraft and military artillery. Military land vehicles can be further segmented into armored multirole vehicles and infantry fighting vehicles.

Lithuania Defense Market Analysis by Sectors

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Lithuania Defense Market - Competitive Landscape

Safran SA, Wartsila Corp, Teledyne FLIR LLC, Safran Nacelles SA, 3photon Ltd, AB Giraites Ginkluotes Gamykla, Aircraft Industries AS, Altechna UAB, and BME Services are some of the leading companies in the Lithuania defense market.

Lithuania Defense Market Report Overview

Scope:

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

• Lithuania’s defense budget: detailed analysis of Lithuania’s FY2022 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 Lithuania’s military doctrine and strategy to provide a comprehensive overview of Lithuania’s military regulation.
• Security Environment: political alliances and perceived security threats to Lithuania are examined; they 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 Lithuanian defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of Lithuania’s 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 Lithuanian 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 Lithuanian defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Lithuanian 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.