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

Date: 2015-08

“• Over the historic period, Romania’s defense expenditure registered a growth rate of 8.65%, increasing from US$1.6 billion in 2011 to US$2.2 billion in 2015

• Romania’s military expenditure, valued at US$2.2 billion in 2015, is expected to increase to US$3.5 billion by 2020, registering a CAGR of 13.25% over the forecast period

• Romanian military expenditure will be driven by the country’s participation in peacekeeping missions and joint operations, border control measures, and the modernization of its armed forces

• The Defense Ministry is expected to procure multi-role aircraft, soldier modernization systems–C4ISR, and cyber security systems”

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