Romanian Defense Industry to Show Rapid Growth Due to Increased Defense Expenditure for Modernization of the Armed Forces

Albany, NY, May 18, 2017 --(PR.com)-- The modernization of the armed forces to NATO standards and participation in international peacekeeping missions has compelled the Romanian government to increase its defense expenditure. Thus, the Romanian defense industry has a great future prospect and is the focus of a new research report added to the vast portfolio of Market Research Hub’s online offerings. This research report is titled “Future of the Romanian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022.” It offers detailed analysis of the Romanian defense industry with market size forecasts covering the period of 2017-2022.

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According to the report, the Romanian defense industry registered a CAGR of 22.7% during the historic period 2013-2017. This trend of high growth rate is expected to continue over the forecast period (2018-2022). The major drivers responsible for the growth are raised expenditure at procurement of multirole aircraft, multirole aircraft maintenance, military-IT services software and repair and overhaul (MRO). Romanian government has plans to modernize its military and defense systems, which requires the procurement of advanced defense equipment. Also, the defense budget of Romania as a percentage of GDP is expected to rise from a historic-period average of 1.3% to 2.0% during the forecast period. Likewise, capital expenditure allocation, which grew at a CAGR of 27.4% during the historic period is expected to grow at a CAGR of 44.9% during the forecast-period.

This report provides a qualitative analysis of the Romanian defense industry including growth drivers, restraints, key trends and latest industry contracts. The market opportunity section will update the reader about different military requirements that are expected to create business opportunities during the forecast period. The report also covers recent orders, technical specifications and the expected expenditure amount over the coming years. It also provides a snapshot about the Romanian expenditure and modernization patterns. Porters Five Force analysis and study of the market characteristics by determining the bargaining power of suppliers and buyers, threat of substitution, intensity of rivalry and barriers to entry are included in the report. Besides this, Budget allocation, breakdown of the defense budget, procurement schedules and key challenges are discussed to facilitate decision making.

In the final section of the report, detailed profiles of the top foreign and domestic defense manufacturers with information about their products, recent contract wins, alliances and financial analysis are provided in detail.

Browse Full Report With TOC: http://www.marketresearchhub.com/report/future-of-the-romanian-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2022-report.html

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