Uzbekistan Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028

Uzbekistan Defense Market Report Overview

The Uzbekistan defense budget was worth $2.67 billion in 2023. The country’s defense budget is set to see high levels of growth, registering a CAGR of more than 2% between 2024 and 2028. Factors such as the likelihood of armed provocations and growing religious extremism in neighboring countries are expected to drive the market growth. In addition, the plan of the government to make structural changes to its armed forces, along with modernization and the acquisition of modern weapons, will fuel the country’s military expenditure over the forecast period.

Uzbekistan Defense Market Outlook, 2023-2028 ($ Billion)

Buy the Full Report to Gain More Information about the Uzbekistan Defense Market Forecast

Download a Free Report Sample

The Uzbekistan defense market research report provides the market size forecast and the projected growth rate for the next five years. Furthermore, our analysts have carried out a comprehensive industry analysis to determine key market drivers, emerging technology trends, key sectors, and major challenges faced by market participants, in this report. The Uzbekistan defense market study has also assessed key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Uzbekistan Defense Market Drivers

The key factors driving Uzbekistan’s defense market growth are military modernization and the growing threat from domestic terrorism.

Military modernization: Factors such as Soviet-made command and intelligence systems and aged vehicles and machinery severely limit Uzbekistan’s armed forces’ capabilities. Thus, after the death of President Islam Karimov, Uzbekistan’s new president Shavkat Mirziyoyev has been focusing on modernizing the armed forces and improving security.

Buy the Full Report for Additional Information on the Key Uzbekistan Defense Market Drivers, Download a Free Report Sample

Uzbekistan Military Doctrines and Defense Strategies

On January 9, 2018, the Republic of Uzbekistan approved its defense doctrine. The main characteristics of modern military conflicts described in the law include the use of high-precision weapons, electronic warfare means, unmanned aerial vehicles, and robotic systems among others. In addition, the deliberate disabling of important state infrastructure, the destruction of which can trigger large-scale emergencies, including transborder crises are included in the military conflicts as per the new doctrine.

Uzbekistan and the US belong to several international organizations, including the UN, the Organization for Security and Cooperation in Europe, the IMF, and the World Bank. The country has also emphasized advancing swiftly in the negotiations for its accession to the WTO to implement substantial reforms in its trade and economic frameworks. Apart from the economic front, the country has been working on its international relations. For instance, relations between the European Union and the Republic of Uzbekistan have been developing steadily since its independence in 1991. EU relations with Uzbekistan are embedded in the regularly reviewed EU and Central Asia Strategy for a New Partnership. This partnership outlines the overall cooperation objectives, policy responses, and priority fields for the EU’s engagement in Central Asia.

Buy the Full Report for More Insights on the Main Military Doctrines and Defense Strategies in the Uzbekistan Defense Market

Download a Free Report Sample

Uzbekistan Defense Market Segmentation by Sectors

The key sectors in the Uzbekistan defense market are military rotorcraft, EO/IR systems, tactical communication systems, INS GNSS, and military unmanned aerial vehicles. In 2023, the most attractive sector in Uzbekistan’s defense market has been military rotorcraft, followed by EO/IR systems. Military rotorcraft is expected to be the largest market sector in Uzbekistan during the forecast period as the country is anticipated to spend heavily in the attack helicopters segment.

Uzbekistan Defense Market Analysis by Sectors, 2023 (%)

Buy the Full Report for more Sector Insights into the Uzbekistan Defense Market

Download a Free Report Sample

Uzbekistan Defense Market - Competitive Landscape

The leading defense companies operating in Uzbekistan are Arzamas Machine Building Plant OJSC, Gorkovsky Avtomobilny Zavod, Kurganmashzavod PJSC, Kurganmashzavod PJSC, and JSC Scientific and Production Corporation Uralvagonzavod among others. In 2018, Uzbekistan signed a contract with Russia to acquire MI-35M from JSC Russian Helicopters. The Russian Mi-35M helicopter has high flight characteristics and can be effectively used in conditions of high temperatures and high mountains.

Uzbekistan Defense Market Analysis by Companies

Buy the Full Report for more Company Insights into the Uzbekistan Defense Market

Download a Free Report Sample

Segments Covered in the Report

Uzbekistan Defense Market Sectors Outlook (Value, $ Billion, 2019-2028)

• Military Rotorcraft
• EO/IR Systems
• Tactical Communication Systems
• INS GNSS
• Military Unmanned Aerial Vehicles

Scope

This Uzbekistan’s defense market report offers market size forecasts for the next five years. This report also analyzes factors that influence demand for the industry, key market trends, and the challenges faced by industry players.

It provides an in-depth analysis of the following:

• Uzbekistan defense budget: Detailed analysis of the New Zealand 2023 defense budget broken down into market size and market share.
• Overview of key current and future acquisitions.
• Regulation: Explanation of the procurement policy and process.
• Analysis of New Zealand’s military doctrine and strategy to provide a comprehensive overview of New Zealand’s military regulation.
• Security Environment: Outline of political alliances and perceived terrorism to New Zealand and trends in spending and modernization.
• 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 New Zealand’s defense industry.

Key Highlights

• The acquisition budget is valued at $671.1 million in 2023 which increased from $630.1 million in 2022 reflecting an annual growth of 6.5%. The acquisition budget is anticipated to grow at a CAGR of 2.2% over 2024–28, to reach $765.1 billion in 2028. Ongoing programs include the acquisition of EO/IR systems, military radars, attack helicopters, and tactical communication systems among others.

• Military rotorcraft, EO/IR Systems and military unmanned aerial vehicles are the most attractive sectors.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Uzbekistan 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 Uzbekistan 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 impacting the Uzbekistan defense market growth.
• Get 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 Uzbekistan government.
• Make smart business decisions based on an in-depth analysis of the competitive landscape, which entails 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.