Marketintelreports published report on Romanian defense budget valued at US$4.8 billion and a registered CAGR of 23.57% .

(USGovernment-News.Com, May 09, 2018 ) Singapore,About the market report:

The military modernization programs include the procurement of 12 second hand ex-Portuguese F-16 fighters, Piranha V armored vehicles, air defense radars, and surface to air missile systems, among others. Furthermore, under the soldier modernization program, “Warrior 2020”, the army plans to procure communications, automatic mortars, C4I subsystems, lightweight superior ballistic protection, and smart munitions systems to create a mobile force.

To access the full table of contents of the report click below:

https://www.marketintelreports.com/report/df0312mr/future-of-the-romanian-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2020

Scope of the Report:

- The Romanian defense budget is valued at US$4.8 billion in 2018 and registered a CAGR of 23.57% during the historic period. The ongoing modernization of the country’s armed forces to meet NATO standards, along with its participation in international peacekeeping missions, drove Romania’s defense expenditure during the historic period.

- With this trend expected to continue over the forecast period, the country’s defense expenditure is anticipated to cumulatively value US$31.3 billion during 2019–2023. The defense budget as a percentage of GDP is expected to increase slightly, from an average of 1.5% during the historic period to 2.2% during 2019–2023.

- The Romanian Ministry of Defence (MoD) allocated an average of 32.6% to capital expenditure during 2014–2018, and this is expected to increase over the forecast period to reach 41.7%. Currently, due to the austerity measures, the government is focusing on the acquisition of high-quality second-hand equipment to save costs.

To find out more of the report or request some customization :

https://www.marketintelreports.com/inquiry-before-buying.php?id=df0312mr

Table of Contents

1 Introduction

1.1. What is this Report About?

1.2. Definitions

1.3. Summary Methodology

1.4. SDI Terrorism Index

1.5. About Strategic Defence Intelligence

2 Executive Summary

3 Market Attractiveness and Emerging Opportunities

3.1. Defense Market Size Historical and Forecast

3.1.1. Romanian defense expenditure to register a CAGR of 13.25% over the forecast period

3.1.2. Modernization to meet NATO standards and participation in peacekeeping missions will support defense expenditure

3.1.3. Romania's defense expenditure as a percentage of GDP projected to increase over the forecast period

3.1.4. Per capita defense expenditure forecast to grow over the forecast period

3.2. Analysis of Defense Budget Allocation

3.2.1. Capital expenditure allocation expected to increase slightly during the forecast period

3.2.2. Romanian defense capital expenditure expected to increase during the forecast period

3.2.3. Romanian revenue expenditure expected to record a CAGR of 12.98% during the forecast period

3.3. Homeland Security Market Size and Forecast

3.3.1. Homeland security budget projected to grow steadily during the forecast period

3.3.2. Border control measures and Cybercrime to drive homeland security budget

3.3.3. The nation is at "some risk" of terrorism

3.3.4. Romania has a terrorism index score of 0.1

3.4. Benchmarking with Key Global Markets

3.4.1. Romania's defense budget to increase at a CAGR of 13.25% during the forecast period

3.4.2. Romanian defense expenditure is expected to remain low compared to other leading spenders

3.4.3. The country allocates a lower percentage of GDP towards defense than other NATO members

3.5. Market Opportunities: Key Trends and Growth Stimulators

3.5.1. Fighters & Multi-Role Aircraft:

3.5.2. Soldier Modernization Systems-C4ISR:

3.5.3. Cyber Security:

Continued.....

For Complete Report Details:

https://www.marketintelreports.com/report/df0312mr/future-of-the-romanian-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2020

About us:

MIR intends to be a one-stop shop with an intuitive design, exhaustive database, expert assistance, secure cart checkout and data privacy integrated. It curates the list of reports, publishers and studies to ensure that the database is constantly updated to dynamically meet the targeted, specific needs of our clients.

MarketIntelReports currently has more than 2.5 million titles and 200 publishers on our platform and are growing consistently to fill the “World Intelligence Demand – Supply Gap”. We cover more than 15 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Building & Construction, Agriculture, Food & Beverages, Banking & Finance, Media and Government, Public Sector Studies and defense.

MarketIntelReports

Lakshmi

1-302-261-5343

sales@marketintelreports.com

Source: EmailWire.Com

Source: EmailWire.com