Future of the Czech Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020

Date: 2015-08

“• Over the historic period, the Czech Republic’s defense expenditure registered growth of -3.96%, decreasing from US$2.5 billion in 2011 to US$2.1 billion in 2015

• Czech military expenditure, valued at US$2.1 billion in 2015, is expected to increase to US$2.5 billion by 2020, registering a CAGR of 3.18% over the forecast period

• Czech military expenditure will be driven by the urgent need to modernize the country’s defense arsenal, especially in the wake of the current crisis in Ukraine which has woken the concerned authorities to a possibility of an armed conflict in Europe along with the country’s participation in peacekeeping operations and counter terrorism

• The Defense Ministry is expected to procure multi-role aircraft, transport aircraft, and military helicopters”

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