Slovakia Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027
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Slovakia defense budget stands at $2.4 billion in 2022. The market is expected to grow at a CAGR of more than 9% during 2023-27. The Slovakia Defense market research report provides an overview of the Slovak defense market, outlining future programs and predicted expenditures. It also includes key future programs, predicts future Slovak defense expenditures, and includes the likely impact of geopolitical events on the market. The report outlines any issues with engaging with the Slovak defense market and includes explanations of complex regulations. This report also identifies major players in the existing market and gives an overview of the competitive landscape.
Slovakia defense market overview
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Market Drivers in the Slovakia Defense Industry
With tensions high in Europe since the Russian invasion of Ukraine, the Slovak government has committed to substantial increases in defense expenditure. The country continues to contribute military personnel to global peacekeeping and stabilization efforts, driving further spending. Slovakia is procuring new fleets of aircraft and armored vehicles to keep its troops competitive in a modern operating environment.
Military Doctrines and Defense Strategies in Slovakia
The government’s defense reports are released intermittently and outline the primary threat perceptions and priorities for the Slovak Defence Forces, as well as how Slovakia’s relationships with its neighbors, allies, and international institutions aid its goals. The recurring theme for Slovakia’s defense strategy is that its relationship with the EU and NATO provides substantial security, and it aims to broadly align its policies with these blocs. The Slovak government also highlights that it sees continued international defense cooperation as a core underpinning of its national security and will continue to work with its global partners on operations and in coordination with security organizations such as the OSCE, the common European Defense Policy, and NATO.
Key Sectors in the Slovakia Defense Market
Military fixed-wing, military land vehicles, and military infrastructure and logistics feature as the top three largest sectors in the market. Other prominent sectors include tactical communications, ammunition, missile and missile defense systems market, military simulation and training, military rotorcraft, military radar, EOIR systems, INS GNSS, artillery, electronic warfare, body armor and personal protection, and military UAV.
Slovakia Defense Market Analysis by Sector
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Key Companies in The Slovakia Defense Market
Some of the key companies in the Slovakia defense market are Lockheed Martin Corp, BAE Systems Hägglunds, EVPU AS, MSM Group SRO, VYVOJ Martin as, and Konstrukta Defence.
Market report overview
Market size (2022) | $2.4 billion |
CAGR | >9% |
Forecast Period | 2023-2027 |
Key sectors | Military Fixed-Wing, Military Land Vehicles, Military Infrastructure and Logistics, Tactical Communications, Ammunition, Missile and Missile Defense Systems Market, Military Simulation and Training, Military Rotorcraft, Military Radar, EOIR Systems, INS GNSS, Artillery, Electronic Warfare, Body Armor and Personal Protection, and Military UAV |
Key companies | Lockheed Martin Corp, BAE Systems Hägglunds, EVPU AS, MSM Group SRO, VYVOJ Martin as, and Konstrukta Defence |
Scope
This report provides:
- Political alliances and political threat perceptions as well as detailing market attractiveness and emerging opportunities.
- Budgetary trends over the next 5 years to 2027, outlining predicted expenditure as well as expected costs.
Reasons to Buy
- Determine potential investment opportunities based on analysis and market projections.
- Gain an understanding of the Slovak defense market and potential limitations to involvement.
- Understanding of how spending will change in the next 5 years and the impact of COVID-19.
Table of Contents
Frequently asked questions
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What is the Slovakia defense budget in 2022?
Slovakia defense budget stands at $2.4 billion in 2022.
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What is the Slovakia defense market growth rate?
The Slovakia defense market is expected to grow at a CAGR of more than 9% during 2023-27.
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What are the key sectors in the Slovakia defense market?
The key sectors in the Slovakia defense market are military fixed-wing, military land vehicles, military infrastructure and logistics, tactical communications, ammunition, missile and missile defense systems market, military simulation and training, military rotorcraft, military radar, EOIR systems, INS GNSS, artillery, electronic warfare, body armor and personal protection, and military UAV.
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Which are the key companies in the Slovakia defense market?
Some of the key companies in the Slovakia defense market are Lockheed Martin Corp, BAE Systems Hägglunds, EVPU AS, MSM Group SRO, VYVOJ Martin as, and Konstrukta Defence.
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