Market Research Report Polish Defense Industry Market Trends Report | Page 2

Porter’s Five Force analysis of the Polish defense industry: analysis of the market
characteristics by determining the bargaining power of suppliers, bargaining power
of buyers, threat of substitution, intensity of rivalry, and barriers to entry
Import and Export Dynamics: analysis of prevalent trends in the country’s imports
and exports over the last five years
Market opportunities: details of the top five defense investment opportunities over
the next 10 years
Competitive landscape and strategic insights: analysis of the competitive landscape
of the Polish defense industry. It provides an overview of key players, together with
insights such as key alliances, strategic initiatives, and a brief financial analysis
Scope
With one of the fastest growing markets and a high-income economy, Poland aims
to accelerate the modernization rate of its Armed Forces in the coming years. While
most European countries have reduced their military spending between 2013 and
2017, Poland has increased its expenditure on armed forces at a CAGR of 4.66% in
terms of local currency, making it one of the largest in Central Europe. However, in
terms of US$, Polish defense expenditure declined marginally at a CAGR of -1.85%,
which is attributed to the fall in exchange rates.
Poland’s defense industry is the largest in Central Europe. During the forecast
period, the country is expected to spend an estimated US$53.5 billion on
strengthening its defense forces, primarily due to the modernization initiatives
implemented by the Polish Ministry of National Defense (MoND). Furthermore, the
country’s defense expenditure will be driven by a combination of factors including
the ongoing turmoil in the neighboring country of Ukraine and an increased
involvement in NATO and UN peacekeeping missions. Defense expenditure
amounted to an average of 1.9% of overall GDP over 2013-2017, and is expected to
marginally decline at 1.8% of the GDP over next five years.
The MoD is expected to invest in Missile Defense Systems, Multi-Mission
Helicopters, Submarines and Corvettes