Croatian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

Published : Jun-2019

No. of Pages : 60

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Table of Contents
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About GlobalData
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Procurement Programs
3.1.2. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Croatia's annual defense expenditure to reach US$1.22 billion by 2024
3.2.2. Modernization and acquisition of military equipment and counter-terrorism to drive Croatia's defense expenditure
3.2.3. The country's defense expenditure as a percentage of GDP is expected to average 1.72% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure's share of total expenditure to increase considerably over the forecast period
3.3.2. Capital expenditure budget is expected to increase over the forecast period
3.3.3. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Croatia's homeland security budget is projected to increase at a CAGR of 3.41% over the forecast period
3.4.2. Organized crime forms the major component of homeland security expenditure
3.5. Benchmarking with Key Global Markets
3.5.1. Croatia's defense expenditure is expected to increase at a CAGR of 9.15% over the forecast period
3.5.2. Croatia's military expenditure is low compared to countries with the largest defense expenditure
3.5.3. Croatia allocates a low percentage of GDP to defense
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections over 2019-2024
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. The country's current need to modernize its armed forces will drive defense imports
4.1.2. The US was the leading supplier of arms to Croatia during the historic period; a trend that is expected to continue over the forecast period
4.1.3. Aircraft accounted for the majority of defense imports during 2010-2015
4.2. Export Market Dynamics
4.2.1. Croatia does not export a large volume of arms due to its under-developed domestic industry
5. Industry Dynamics
5.1. Market Regulation
5.1.1. Croatia has not disclosed any offset obligations
5.1.2. Regulations regarding foreign direct investment (FDI) in the defense sector have not been disclosed by the government
5.2. Market Entry Route
5.2.1. Budgeting process
5.2.2. Government-to-government agreements are the preferred market entry route for foreign OEMs
6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview
6.1.1. Foreign suppliers manufacture defense systems overseas and deliver them to Croatia
6.1.2. Croatia Market Share Analysis, 2018
7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. GDP Per Capita
7.1.2. GDP, Current Prices
7.1.3. Exports of Goods and Services (LCU Million)
7.1.4. Imports of Goods and Services (LCU Billion)
7.1.5. Local Currency Unit per US$
7.1.6. Market Capitalization of Listed Companies (US$ Billion)
7.1.7. Market Capitalization of Listed Companies (% of GDP)
7.1.8. Goods Exports as a Percentage of GDP
7.1.9. Goods Imports as a Percentage of GDP
7.1.10. Services Imports as a Percentage of GDP
7.1.11. Service Exports as a Percentage of GDP
7.1.12. Foreign Direct Investment, net (BoP, current US$ Billion)
7.1.13. Net Foreign Direct Investment as a Percentage of GDP
7.1.14. Mining, Manufacturing, Utilities Output
8. Appendix
8.1. About GlobalData
8.2. Disclaimer

List of Tables
Table 1: Croatia - Ongoing Development and Procurement Programs (US$ Million)
Table 2: Estonia - Future Procurement Programs
Table 3: Croatia Defense Expenditure (KUNA Billion and US$ Billion), 2015-2024
Table 4: Croatia GDP Growth and Defense Expenditure as a Percentage of GDP Growth (%), 2015-2024
Table 5: Croatia Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 6: Croatia Defense Capital Expenditure (KUNA Million & US$ Million), 2015-2024
Table 7: Croatia Per Capita Defense Expenditure (US$), 2015-2024
Table 8: Croatia Homeland Security Expenditure (KUNA Million and US$ Million), 2015-2024
Table 9: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
Table 10: Top 10 Croatian Defense Market Sectors by Value (US$ Million), 2019-2024
Table 11: Croatia Budget Formation Timetable
Table 12: Competitive Landscape of the Croatia Defense Industry

List of Figures
Figure 1 : Croatian Defense Budget: 2020 and 2024
Figure 2 : Croatian Defense Imports/Exports: 2014 and 2018
Figure 3 : Croatia's Top Three Prospective Procurements/Developments
Figure 4: Croatia Defense Expenditure (KUNA Billion), 2015-2024
Figure 5: Croatia Defense Expenditure (US$ Million), 2015-2024
Figure 6: Croatia GDP Growth vs Defense Expenditure as a Percentage of GDP Growth, 2013-2024
Figure 7: Croatia Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 8: Croatia Capital Budget Expenditure (KUNA Billion), 2015-2024
Figure 9: Croatia Capital Budget Allocation (US$ million), 2015-2024
Figure 10: Croatia Per Capita Defense Expenditure (US$), 2015-2024
Figure 11: Croatia Homeland Security Budget (KUNA Billion), 2015-2024
Figure 12: Croatia Homeland Security Budget (US$ Billion), 2015-2024
Figure 13: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
Figure 14: Defense Expenditure of the World's Largest Military Spenders (US$ Million), 2019 and 2024
Figure 15: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 16: Croatia Defense Import Trend (US$ Million), 2014-2018 (TIV Values)
Figure 17: Croatia Defense Imports by Country (%), 2014-2018
Figure 18: Croatia Defense Imports by Category (%), 2014-2018
Figure 19: Croatia Defense Export Trend (US$ Million), 2014-2018 (TIV Values)
Figure 20: Croatia Market Share Analysis, 2018
Figure 21: Croatia GDP Per Capita (US$), 2015-2025
Figure 22: Croatia GDP, Current Prices (US$ Billion), 2015-2025
Figure 23: Croatia Exports of Goods and Services (LCU Billion), 2005-2014
Figure 24: Croatia Imports of Goods and Services (LCU Billion), 2005-2014
Figure 25: Local Currency per US$, 2015-2024
Figure 26: Croatia Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 27: Croatia Market capitalization of Listed Companies (% of GDP), 2005-2012
Figure 28: Croatia Goods Exports as a Percentage of GDP, 2005-2013
Figure 29: Croatia Goods Imports as a Percentage of GDP, 2005-2013
Figure 30: Croatia Services Imports as a Percentage of GDP, 2005-2013
Figure 31: Croatia Service Exports as a Percentage of GDP, 2005-2013
Figure 32: Croatia Foreign Direct Investment, net (BoP, current US$ Billion), 2005-2013
Figure 33: Croatia Net Foreign Direct Investment as a Percentage of GDP, 2005-2013
Figure 34: Croatia Mining, Manufacturing, Utilities Output (US$ Billion), 2005-2014

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Croatian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

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