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

Published : May-2019

No. of Pages : 62

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Table of Contents
LIST OF FIGURES
LIST OF TABLES
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. Estonia's annual defense expenditure to reach US$968.2 million by 2024
3.2.2. Modernization and acquisition of military equipment and peacekeeping missions to drive Estonia's defense expenditure
3.2.3. The country's defense expenditure as a percentage of GDP is expected to average 2.2% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure's share of the overall defense budget to increase considerably over the forecast period
3.3.2. Capital expenditure budget is expected to increase over the forecast period
3.3.3. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Estonia's homeland security budget is projected to increase at a CAGR of 2.26% over the forecast period
3.4.2. Cybercrime is the main driving factor behind homeland security expenditure
3.5. Benchmarking with Key Global Markets
3.5.1. Estonia's defense expenditure is expected to increase at a CAGR of 7.16% over the forecast period
3.5.2. Estonia's military expenditure is low when compared to countries with the largest defense expenditure
3.5.3. Estonia allocates a low percentage of GDP to defense
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Market Sectors by Value (US$ 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 Netherlands was the leading supplier of arms to Estonia during the historic period, a trend that is expected to continue over the forecast period
4.1.3. Armored vehicles accounted for the majority of defense imports during 2014-2018
4.2. Export Market Dynamics
4.2.1. Estonia does not export arms due to its under-developed domestic arms industry
5. Market Entry Strategy
5.1. Market Regulation
5.1.1. Estonia has not disclosed any offset obligations
5.1.2. Regulations relating to 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 Estonia
6.1.2. Estonia 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 Million)
7.1.5. Gross National Disposable Income (US$ Million)
7.1.6. Local Currency Unit per US$
7.1.7. Market Capitalization of Listed Companies (US$ Billion)
7.1.8. Market Capitalization of Listed Companies (% of GDP)
7.1.9. Goods Exports as a Percentage of GDP
7.1.10. Goods Imports as a Percentage of GDP
7.1.11. Services Imports as a Percentage of GDP
7.1.12. Services Exports as a Percentage of GDP
7.1.13. Foreign Direct Investment, Net (BoP, current US$ Million)
7.1.14. Net Foreign Direct Investment as a Percentage of GDP
7.1.15. Mining, Manufacturing, Utilities Output
8. Appendix
8.1. About GlobalData
8.2. Disclaime

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

List of Figures
Figure 1: Estonian Defense Budget: 2020 and 2024
Figure 2: Estonian Defense Imports/Exports: 2013 and 2017
Figure 3: Estonia's Top Three Prospective Procurements/Developments
Figure 4: Estonia Defense Expenditure (EUR Million), 2015-2024
Figure 5: Estonia Defense Expenditure (US$ Million), 2015-2024
Figure 6: Estonia GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2015-2024
Figure 7: Estonia Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 8: Estonia Capital Budget Expenditure (EUR Million), 2015-2024
Figure 9: Estonia Capital Budget Allocation (US$ Million), 2015-2024
Figure 10: Estonia Per-Capita Defense Expenditure (US$), 2015-2024
Figure 11: Estonia Homeland Security Budget (EUR Million), 2015-2024
Figure 12: Estonia Homeland Security Budget (US$ Million), 2015-2024
Figure 13: Benchmarking with Key Markets - 2015-2019 vs 2019-2024
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: Estonia Defense Import Trend (US$ Million), 2014-2018 (TIV Values)
Figure 17: Estonia Defense Imports by Country (%), 2014-2018
Figure 18: Estonia Defense Imports by Category (%), 2014-2018
Figure 19: Estonia Budgeting Process (Sample Graphical Representation)
Figure 20: Estonia Market Share Analysis, 2018
Figure 21: Estonia GDP Per Capita (US$), 2015-2025
Figure 22: Estonia GDP, Current Prices (US$ Million), 2015-2025
Figure 23: Estonia Exports of Goods and Services (LCU Million), 2005-2014
Figure 24: Estonia Imports of Goods and Services (LCU Million), 2005-2014
Figure 25: Estonia Gross National Disposable Income (US$ Million), 2005-2012
Figure 26: Local Currency per US$, 2015-2024
Figure 27: Estonia Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 28: Estonia Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 29: Estonia Goods Exports as a Percentage of GDP, 2005-2013
Figure 30: Estonia Goods Imports as a Percentage of GDP, 2005-2013
Figure 31: Estonia Services Imports as a Percentage of GDP, 2005-2013
Figure 32: Estonia Services Exports as a Percentage of GDP, 2005-2013
Figure 33: Estonia Foreign Direct Investment, Net (BoP, current US$ Million), 2005-2013
Figure 34: Estonia Net Foreign Direct Investment as a Percentage of GDP, 2005-2013
Figure 35: Estonia Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

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

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