North Macedonia Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2027
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North Macedonia Defense Market Report Overview
The North Macedonia defense budget was worth $265.2 million in 2022 and is expected to achieve a CAGR of more than 14% during 2023-2027. The North Macedonia 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.
North Macedonia Defense Market Outlook
To gain more information about the North Macedonia defense market forecast, download a free report sample
North Macedonia Defense Market Drivers
The primary driver of spending in North Macedonia defense is the need for modernization, as the country still operates mostly aging Soviet-era equipment. In addition, NATO interoperability will further drive growth. North Macedonia has donated equipment to Ukraine, including tanks, and it will need to replace this equipment to keep its armed forces at strength.
North Macedonia Military Doctrines and Defense Strategies
North Macedonia military doctrine specifies training to defend Macedonia’s territory. As well as ongoing threat monitoring, additionally, capability development is targeted to increase interoperability with NATO forces. North Macedonia does not maintain an active reserve but instead has the records of retired military personnel for a general mobilization if needed. Military command is divided between General Staff and Joint Operations Command, with JOC having control of day-to-day operations and GS operating SOC, TRADOC, and the Electronic Surveillance Centre.
The key strategic objectives of the defense policy of North Macedonia are to defend the independence and territorial integrity of the country, to maintain readiness and capabilities, to participate in international security operations, and to increase societal efforts to support defense policies and institutions.
North Macedonia Defense Market Segmentation by Sectors
The key sectors in the North Macedonia defense market are armored personnel carrier, land simulator, land platform EW, land platform – tactical communication systems, armored multirole vehicles, land platform EO/IR, and vehicle navigation system. Armored personnel carrier had the highest share of the market in 2022.
North Macedonia Defense Market Analysis by Sectors
For more sector insights into the North Macedonia defense market, download a free report sample
North Macedonia Defense Market - Competitive Landscape
Some of the leading defense companies in North Macedonia are ABB Ltd, Asseco Poland SA, Aselsan Elektronik Sanayi Ve Ticaret AS, Verint Systems Inc, Bruel & Kjaer Sound & Vibration Measurement AS, 11Oktomvri – Eurokompozit AD, Alpina doo, General Dynamics Land Systems, and Oshkosh Defense LLC.
North Macedonia Defense Market Report Overview
Market Size (2022) | $265.2 million |
CAGR (2023-2027) | >14% |
Key Sectors | Armored Personnel Carrier, Land Simulator, Land Platform EW, Land Platform – Tactical Communication Systems, Armored Multirole Vehicles, Land Platform EO/IR, and Vehicle Navigation System |
Leading Companies | ABB Ltd, Asseco Poland SA, Aselsan Elektronik Sanayi Ve Ticaret AS, Verint Systems Inc, Bruel & Kjaer Sound & Vibration Measurement AS, 11Oktomvri – Eurokompozit AD, Alpina doo, General Dynamics Land Systems, and Oshkosh Defense LLC |
North Macedonia Defense Market Sectors Outlook (Value, US$ Million, 2022-2027)
- Armored Personnel Carrier
- Land Simulator
- Land Platform EW
- Land Platform – Tactical Communication Systems
- Armored Multirole Vehicles
- Land Platform EO/IR
- Vehicle Navigation System
Scope
The report provides an in-depth analysis of the following –
- North Macedonia defense budget: detailed analysis of the North Macedonia 2022 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 the process is explained. This is coupled with an analysis of the North Macedonia military doctrine and strategy to provide a comprehensive overview of North Macedonia military regulation.
- Security Environment: political alliances and perceived security threats to North Macedonia are examined; there help to explain trends in spending and modernization.
- 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 North Macedonia’s defense industry.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the North Macedonia 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 North Macedonia 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 North Macedonia 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 North Macedonia 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 contracts awarded, and financial analysis, wherever available.
Aselsan Elektronik Sanayi Ve Ticaret AS
Verint Systems Inc
Bruel & Kjaer Sound & Vibration Measurement AS
11Oktomvri - Eurokompozit AD
Alpina doo
General Dynamics Land Systems
Oshkosh Defense LLC
Table of Contents
Frequently asked questions
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What is the North Macedonia defense market size in 2022?
The defense market size in North Macedonia was valued at $265.2 million in 2022.
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What is the North Macedonia defense market growth rate?
The defense market in North Macedonia is expected to achieve a CAGR of more than 14% during 2023-2027.
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What are the key sectors in the North Macedonia defense market?
The key sectors in the North Macedonia defense market are armored personnel carrier, land simulator, land platform EW, land platform – tactical communication systems, armored multirole vehicles, land platform EO/IR, and vehicle navigation system.
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Which are the leading companies in the North Macedonia defense market?
Some of the leading companies in the North Macedonia defense market are ABB Ltd, Asseco Poland SA, Aselsan Elektronik Sanayi Ve Ticaret AS, Verint Systems Inc, Bruel & Kjaer Sound & Vibration Measurement AS, 11Oktomvri – Eurokompozit AD, Alpina doo, General Dynamics Land Systems, and Oshkosh Defense LLC.
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