Romania Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2029

Romania Defense Market Report Overview

In 2024, Romania’s defense budget is worth $8.6 billion. The country’s defense budget will grow at a CAGR of more than 2% during 2025-2029. Defense industry development is one of the prominent factors leading to the growth of the market.

Romania Defense Market Outlook, 2024-2029 ($ Billion)

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The Romania 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.

Romania Defense Market Drivers

Modernization requirements and the military depletion of Romania’s armed forces are driving Romania’s defense market growth. Romania operates a mix of modern, NATO-standard Western equipment and modified variants of Eastern Bloc-era Cold War equipment. Efforts are ongoing to modernize the older stock.

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Romania Military Doctrines and Defense Strategies

Romania joined the EU alongside neighboring Bulgaria in 2007. Romania has expressed interest in joining the Eurozone and has been a proponent of the Common Security and Defense Policy, actively participating in the EU Battlegroup program. Romania is indefinitely subject to corruption monitoring by the European Commission; corruption and organized crime were ongoing concerns during the negotiation period when Romania applied to join the EU. Romania is part of the EU’s Balkan Battlegroup, a Greek-led formation that has regularly partnered with both Ukraine and Serbia to encourage closer EU cooperation with these states.

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Romania Defense Market Segmentation by Sectors

The key sectors in the Romania defense market are military fixed-wing aircraft, military land vehicles, military rotorcraft, naval vessels and surface combatants, and missiles and missile defense systems, among others. Romania’s plan to acquire the F-35A fighter jet from the American firm Lockheed Martin is driving the growth of the military fixed-wing aircraft sector.

Romania Defense Market Analysis by Sectors, 2024 (%)

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Romania Defense Market - Competitive Landscape

A few of the leading defense companies operating in Romania are:

• Lockheed Martin Corp
• RTX Corp
• Aerostar SA

Lockheed Martin Corp: Lockheed Martin Corp (Lockheed Martin) provides advanced technology systems and products for defense, civil and commercial applications. The company offers management, technical, engineering, scientific, logistics, and information services. Its product portfolio includes military and rotary-wing aircraft, airlifter, ground vehicles, missiles and guided weapons, radar systems, sensors, unmanned systems, and naval systems.

Romania Defense Market Analysis by Companies

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Segments Covered in the Report

Romania Defense Market Sectors Outlook (Value, $ Billion, 2020-2029)

• Military Fixed Wing Aircraft
• Military Land Vehicles
• Military Rotorcraft
• Naval Vessels and Surface Combatants
• Missiles and Missile Defense Systems

Scope

• This report offers a detailed analysis of Romania’s 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.
• It provides an in-depth analysis of the following –
• Romania defense budget: detailed analysis of Romania 2024 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 Romania’s military doctrine and strategy to provide a comprehensive overview of Romania’s military procurement regulation.
• Security Environment: political alliances and perceived security threats to Romania are examined; they help to explain trends in spending and modernization.
• Competitive landscape and strategic insights: analysis of the competitive landscape of Romania’s defense industry.

Key Highlights

• Romania’s defense expenditure recorded a CAGR of 11.47% between 2020 and 2024 and amounted to $8.63 billion in 2024. Over the forecast period, Romania’s expenditure is expected to reach $9.70 billion in 2029, growing at a CAGR of 2.36%. Despite the contracting population, Romania’s military modernization programs are not affected. It is expected to continue to invest in defense modernization and procurement plans. The acquisition budget is expected to grow from $3.9 billion in 2025 to $4.4 billion in 2029.

• Romania’s acquisition budget in 2024 is valued at $3.6 billion, which is significant owing to the need to finance its ongoing procurement programs.

•Military Fixed Wing Airfarct, Military land vehicles, and Missile and Missile Defense systems are the largest three sectors in the Romania defense market

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Romania 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 Romania 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 Romania 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 Romania 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