The Czech Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016

2012-05-31
Published : May-2012

London, May 28th, 2012 – The Czech defense expenditure declined at a CAGR of -3.88% during the review period to US$2.41 billion in 2011. The country’s military expenditure is estimated to register a CAGR of 1.33% during the forecast period, to value US$2.54 billion in 2016. Defense expenditure is expected to be driven by factors such as international peacekeeping operations and counter-terrorism amid budget cuts by the government. As a result of a decrease in overall defense expenditure, the country’s defense budget as a percentage of GDP is also expected to decline from 1.1% in 2011 to 0.9% in 2016 (reference see graph below).

Czech Republic is expected to invest US$12.29 billion in its armed forces, of which expenditure on the acquisition of military hardware is forecast to be just US$1.77 billion, offering foreign OEMs limited opportunities to cater to the Czech defense industry. Furthermore, with a defense budget of US$2.4 billion, the Czech Republic invests a relatively small portion of its GDP towards defense in comparison with other European countries such as the UK and France.

Incidents of malpractice within the country’s military industrial base may limit the growth of the country’s defense sector. Recent cases of corruption and bribes in defense deals such as the Pandur contract, leasing of Gripen fighters, and CASA aircraft deals prove the high corruption level in Czech Republic. In addition to damaging the country’s image in the global arms market, it also discourages foreign OEMs from market entry.

As a result of a lack of domestic defense capabilities, Czech Republic is dependent on foreign suppliers to meet its military requirements. The country’s defense exports declined during the review period, dropping to a mere US$11 million in 2011, due to limited categories for export such as aircraft, armored vehicles and artillery.

The Czech Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016

Published: May 2012

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About Strategic Defence Intelligence 
This report is one of a series available to subscribers of our premium research platform, Strategic Defence Intelligence. Strategic Defence Intelligence provides a stream of continuously updated customer and competitor intelligence, as well as detailed research reports providing an unrivalled source of global information on the latest developments in the defence industry.

Strategic Defence Intelligence’s unique monitoring platform tracks global defence activity for over 2,500 companies and 65 product categories in real time and in a highly structured manner, giving a comprehensive and easily-searchable picture of all defence industry activity. The site features: daily updated analysis, comment and news, company and customer profiles, defence spending, tenders and contracts, product and technology intelligence, a research and analysis database providing access to industry and competitor reports to enable business and market planning, and fully customizable tools, including instant personalized report generation and custom alerts.

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