Czech Republic Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2023-2028

Czech Republic Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Like most other countries in the Central and Eastern European region, the Czech Republic (Czechia) has experienced a significant change in its defense and security posture as a result of Russia’s 2022 full-scale invasion of Ukraine. While it had been a committed member of NATO and participant in EU and Transatlantic security diplomacy, the dual tasks of lending serious material support to Ukraine whilst also retooling its own forces to contribute to regional security. Czechia’s procurements focus on preparing its military for high-intensity conventional warfare, and also the leveraging of trending technologies including drones and modern air defense systems. Another notable acquisition will be Czechia’s participation in the F-35 program, a notable capability upgrade over its small fleet of leased J-39 Gripen aircraft.

After a period of modest growth prior to the security crisis in Europe, the Czech Republic’s defense expenditure is set to rise substantially as it rearms and expands capabilities. In the 2019-22 period, its budget increased by only $0.9 billion. It jumped by almost that much in just one year in 2023, to record $4.7 billion. By the end of the five-year forecast period, the budget is anticipated to reach $7.7 billion in 2028, recording a CAGR of 9.1%. To compare, the Czech Republic’s total defense spending from 2019-23 was recorded at $18.6 billion, but from 2024-28 it is expected to be $33.4 billion.

Key Highlights

• Drivers of Defense expenditure include the war in Ukraine, significant tensions with Russia, commitments to the NATO alliance and ongoing contributions to international peacekeeping and stability operations via the UN and EU.
• Major ongoing procurement programs include the acquisition of F-35A fighters, new air defense systems, and new armored fighting vehicles for the Army. The Czech Republic is in the process of rapidly replacing an array of Cold War-era Soviet platforms.

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Scope

This report offers detailed analysis of the Czech defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following -

• Czech Republic defense budget: detailed analysis of Czech Republic 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of Czech military doctrine and strategy to provide a comprehensive overview of Czech Republic's military procurement regulation.
• Security Environment: political alliances and perceived security threats to the Czech Republic are examined; there help to explain trends in spending and modernisation.
• Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
• Competitive landscape and strategic insights: analysis of the competitive landscape of Czech Republic's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Czech Republic defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Czech market and identify the opportunities offered.
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the Czech defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Czech government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available