Future of the Ukrainian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023
Summary
Driven by the need to bridge the critical capability gap and restructure its armed forces, Ukraine has embarked upon a major defense modernization initiative and is attempting to reform the fighting capability of its armed forces along the western model of network centric maneuver warfare. The Ukrainian government is also attempting to reorganize the country’s armed forces and bring it up to NATO standards, and although the progress to this end has been extremely slow, the country is nevertheless expected to steadily transform its doctrine from the Soviet model to western NATO standards.
The country allocated US$3.2 billion for defense, and the allocations for national defense are likely to increase form US$3.7 billion in 2019 to US$7.6 billion in 2023, reflecting a CAGR of 19.53%. With one of the highest annual defense expenditure growth rates in the world, Ukraine is an attractive defense market. Between 2014 and 2018, the country’s capital expenditure allocation stood at an average of 19% of the total defense budget, and is expected to slightly decline to 18.1% over the forecast period. Overall, Ukraine is projected to spend a total of US$5.1 billion on the acquisition of military hardware between 2019 and 2023. The country is likely to allocate cumulative expenditure of US$27.7 billion over the forecast period.
Over the forecast period, Ukraine is expected to invest in modernizing its anti-aircraft warfare capabilities and is likely to invest in the acquisition of advanced air-defense systems. The Ukrainian Armed Forces are also likely to invest heavily in procuring advanced defense technologies such as Autonomous Vehicles and Unmanned Aerial Vehicles; communication and electronic warfare equipment, trainer helicopters and aircraft, and engineering vehicles like trenchers, excavators, and armored recovery vehicles.
The report "Future of the Ukrainian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023", provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.
Companies mentioned: Raytheon, Antonov ASTC, RPC Fort, The Kharkiv Morozov Machine Building Design Bureau (KMDB),The Malyshev Plant, AvtoKrAZ Holding Company and Motor Sich.
Scope
Reasons to Buy
Summary
Driven by the need to bridge the critical capability gap and restructure its armed forces, Ukraine has embarked upon a major defense modernization initiative and is attempting to reform the fighting capability of its armed forces along the western model of network centric maneuver warfare. The Ukrainian government is also attempting to reorganize the country’s armed forces and bring it up to NATO standards, and although the progress to this end has been extremely slow, the country is nevertheless expected to steadily transform its doctrine from the Soviet model to western NATO standards.
The country allocated US$3.2 billion for defense, and the allocations for national defense are likely to increase form US$3.7 billion in 2019 to US$7.6 billion in 2023, reflecting a CAGR of 19.53%. With one of the highest annual defense expenditure growth rates in the world, Ukraine is an attractive defense market. Between 2014 and 2018, the country’s capital expenditure allocation stood at an average of 19% of the total defense budget, and is expected to slightly decline to 18.1% over the forecast period. Overall, Ukraine is projected to spend a total of US$5.1 billion on the acquisition of military hardware between 2019 and 2023. The country is likely to allocate cumulative expenditure of US$27.7 billion over the forecast period.
Over the forecast period, Ukraine is expected to invest in modernizing its anti-aircraft warfare capabilities and is likely to invest in the acquisition of advanced air-defense systems. The Ukrainian Armed Forces are also likely to invest heavily in procuring advanced defense technologies such as Autonomous Vehicles and Unmanned Aerial Vehicles; communication and electronic warfare equipment, trainer helicopters and aircraft, and engineering vehicles like trenchers, excavators, and armored recovery vehicles.
The report "Future of the Ukrainian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023", provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.
Companies mentioned: Raytheon, Antonov ASTC, RPC Fort, The Kharkiv Morozov Machine Building Design Bureau (KMDB),The Malyshev Plant, AvtoKrAZ Holding Company and Motor Sich.
Scope
- This report offers detailed analysis of the Ukrainian defense industry 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:
- The Ukrainian defense industry market size and drivers: detailed analysis of the Ukrainian defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
- Market opportunities:list of the top ten defense investment opportunities over the next 5 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Ukrainian defense industry.
Reasons to Buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Ukrainian defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the Ukrainian defense industry covering sections including demand drivers, Key Trends , and latest industry contracts.
Table of Contents
1. Introduction
3. Market Attractiveness and Emerging Opportunities
4. Defense Procurement Market Dynamics
5. Industry Dynamics
6. Market Entry Strategy
7. Competitive Landscape and Strategic Insights
8. Competitive Landscape and Strategic Insights
9. Business Environment and Country Risk
10. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Raytheon
- Antonov ASTC
- RPC Fort
- The Kharkiv Morozov Machine Building Design Bureau (KMDB)
- The Malyshev Plant
- AvtoKrAZ Holding Company
- Motor Sich
