The Future of the Romanian Defense Industry - Market Attractiveness,
Competitive Landscape and Forecasts to 2018 offers the reader an insight into
the market opportunities and entry strategies adopted by foreign original
equipment manufacturers (OEMs) to gain a market share in the Romanian defense
industry.
For more information visit: Future of the Romanian Defense Industry - MarketAttractiveness, Competitive Landscape and Forecasts to 2018
What
is the current market landscape and what is changing?
Romanian defense expenditure increased at a CAGR of
-6.59% during the review period and values US$1.7 billion in 2013. The focus of
the Romanian government will be on modernization plans constituting the
procurement of more advanced military equipment with improved technology;
active participation in NATO (North Atlantic Treaty Organization) along with
joint operations with other countries; participation in peacekeeping missions;
and participation in border security measures.
What
are the key drivers behind recent market changes?
Modernization of military equipment with improved
technology; active participation in NATO (North Atlantic Treaty Organization)
along with joint operations with other countries; participation in peacekeeping
missions; and participation in border security measures.
What
makes this report unique and essential to read?
The Future of the Romanian Defense Industry - Market
Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed
analysis of the current industry size and growth expectations from 2014 to
2018, including highlights of key growth stimulators. It also benchmarks the
industry against key global markets and provides a detailed understanding of
emerging opportunities in specific areas.
Key
Features and Benefits
The report provides detailed analysis of the current
industry size and growth expectations from 2014 to 2018, including highlights
of key growth stimulators, and also benchmarks the industry against key global
markets and provides a detailed understanding of emerging opportunities in
specific areas.
The report includes trend analysis of imports and
exports, together with their implications and impact on the Romanian defense
industry.
The report covers five forces analysis to identify
various power centers in the industry and how these are expected to develop in
the future.
The report allows readers to identify possible ways to
enter the market, together with detailed descriptions of how existing companies
have entered the market, including key contracts, alliances, and strategic
initiatives.
The report helps the reader to understand the competitive
landscape of the defense industry in Romanian. It provides an overview of key
defense companies, both domestic and foreign, together with insights such as
key alliances, strategic initiatives, and a brief financial analysis.
Key
Market Issues
The Romanian economy went in to a deep recession in 2008
jeopardizing the growth it had witnessed in earlier years. Following the global
financial crisis, EU and NATO countries decided to reduce their military
spending. The crisis led European states to take measures such as
decommissioning 160,000 soldiers during 2009-2011, to maintain effective armed
forces in times of economic austerity. The Romanian government also announced
various unpopular austerity measures including public sector restructuring,
spending cuts for the interior and defense ministries, and expenditure cuts,
including a 25% cut in public wages and 15% drop in pension and social benefits
in the 2010 budget.
Eastern European countries, including Romania, have
historically featured high levels of corruption. After gaining membership in the
EU and NATO, Romania introduced important economic and legislative measures to
attract foreign capital, and adopted legislation to reduce corruption, for
example, legislation requiring politicians to disclose information about their
assets, a law governing conflicts of interest for government officials, and a
law regulating the financing of political parties.
Key
Highlights
Many international defense equipment manufacturers enter
the Romanian market through acquisitions and alliances. The privatization of
the Romanian defense industry provides foreign OEMs with further opportunities
to enter the market. Market entry through the acquisition of a domestic company
is a popular entry route into the Romanian defense industry, and many companies
have followed this route.
Since 2005, Romania has been a member of the EDA. The
agency promotes arms co-operation and has created a common platform for the
promotion of the European defense equipment market. The EDA provides an
electronic bulletin board for government contracts and provides an opportunity
for suppliers across Europe to bid for defense contracts advertised by
subscribing member states. Defense companies from member nations are able to
register and be the first to be notified of a potential purchase request from
other member nations. In the circumstance that a defense company from a member
nation wishes to make defense procurement, they advertise their requirements,
ranging from technology to components, on the bulletin board, providing
registered suppliers with market opportunities.
Romania imports the majority of its defense equipment
from the US, Germany, Israel, and ltaly. The US held the highest share of the
total arms imports during 2008-2012 with 41.6%. The other three major import
partners: Germany, Israel, and Italy collectively accounted for 50% of
Romania's total arms imports during the review period. The remaining portion of
imports is accounted for by Canada, Switzerland, France, Norway, and Spain.
For more information visit: Future of the Romanian Defense Industry - MarketAttractiveness, Competitive Landscape and Forecasts to 2018
Companies
Covered -
CN Romarm, S.C. Uzina Mecanica Cugir S.A, Aerostar S.A.,
IAR S.A. Brasov, Turbomencanica S.A, Electromagnetica SA, Avioane Craiova S.A
,Elprof S.A ,IOR S.A.
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