Eastern Europe Defense Market - Growth, Trends, and Forecast (2019 - 2024)

The Eastern Europe Defense Market is segmented by Type (Personnel Training and Protection, Communication Systems, Weapons and Ammunition, and Vehicles), and Country.

Market Snapshot

Eastern Europe Defense Market - overview
Study Period:


Base Year:


Largest Market:


Fastest Growing Market:


Key Players:

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Market Overview

The Eastern Europe defense market is projected to register a CAGR of over 4% during the forecast period (2019 – 2024). 

  • Several countries in Eastern Europe made huge increases in their defense spending in 2018. According to SIPRI, defense spending by Poland rose by 8.9% in 2018, to reach USD 11.6 billion, while that of Ukraine was up by 21%, to reach USD 4.8 billion. Spending by countries, like Bulgaria and Romania, also increased by around 20% in 2018.
  • Countries in the region are also going through many military modernization plans, and are planning to upgrade their armed, naval, and air forces. This may drive the market in the coming years.
  • Growing perceptions of threat from Russia and calls from the United States to the NATO countries to increase their defense spending are also some growth drivers for the market. 

Scope of the Report

Bulgaria, Hungary, the Czech Republic, Ukraine, Moldova, Belarus, Russia, Slovakia, Romania, and Poland are some of the major countries in the Eastern Europe. Other countries include Montenegro, Serbia, Albania, Croatia, Bosnia, and the Baltic countries. The report includes revenues from both procurement and aftermarket services. 

Personnel Training and Protection
Communication Systems
Weapons and Ammunition (Artillery and Mortar Systems, Infantry Weapons, Missiles and Missile Defense System, and Ammunition)
Vehicles (Land-based Vehicles, Sea-based Vehicles, and Air-based Vehicles)
Rest of Eastern Europe

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Key Market Trends

Vehicles Segment to Dominate the Market During the Forecast Period

As of 2018, the vehicles segment dominated the market, owing to the various upgrading and procurement plans that were going on in the region. Currently, most of the investments are being directed toward fleet expansion initiatives. Additionally, fleet modernization plans are underway for many countries, as most of the fleet in the region belonged to the Soviet era. Many countries in the region are members of NATO, and they have vowed to increase their military spending to 2% of the GDP, the growth of which, may help the procurement of new military vehicles, which is a significant requirement.

Eastern Europe Defense Market - segmentation

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Poland to Show High Growth During the Forecast Period

Currently, Russia is the largest defense market in Eastern Europe. Globally, Russia is one of the military superpowers, and the country has been increasing its military spending over the years. In 2018, Russia's military spending decreased by 3.5%, as compared to that in 2017. However, at USD 61.4 billion, the Russian military spending was the sixth-highest in the world in 2018. With such high military spending, the country is dominating the market in the region, with various procurements and aftermarket investments. However, during the forecast period, Poland is expected to show high growth in the region. Poland's military is continuously undergoing changes, aimed at transforming it into a more capable, modern, and NATO-compatible force. The government is making changes in every area of operation, including training, protection, communications, weapon systems, and across all types of vehicles.  Main elements of the Polish army’s modernization plans include the improvement of troop capacity and air defense systems and the development of weaponry and manned and unmanned vehicle strength.

eastern europe defence market geo

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Competitive Landscape

Rostec, United Aircraft Corporation (UAC), BAE Systems PLC, Thales Group, and Ukroboronprom are some of the major players in the market. Major players, in order to reduce the supply chain complexity, are acquiring or merging with smaller players. In addition, the merger plans between larger firms, like Rostec and UAC, may further consolidate the market in Russia, thereby, strengthening their plans to become the largest players, together, in the region. Players can make use of the rising opportunities from countries, like Romania, Bulgaria, Poland, Ukraine etc., as these countries increased their defense spending in 2018, and are looking for upgrades in military equipment. 



Major Players

  1. Rostec
  2. United Aircraft Corporation
  3. Ukroboronprom
  4. BAE Systems PLC
  5. Thales Group

* Complete list of players covered available in the table of contents below

Eastern Europe Defense Market - cl

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 PESTLE Analysis


    1. 5.1 Type

      1. 5.1.1 Personnel Training and Protection

      2. 5.1.2 Communication Systems

      3. 5.1.3 Weapons and Ammunition (Artillery and Mortar Systems, Infantry Weapons, Missiles and Missile Defense System, and Ammunition)

      4. 5.1.4 Vehicles (Land-based Vehicles, Sea-based Vehicles, and Air-based Vehicles)

    2. 5.2 Country

      1. 5.2.1 Poland

      2. 5.2.2 Ukraine

      3. 5.2.3 Russia

      4. 5.2.4 Rest of Eastern Europe


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Vendor Market Share

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Rostec

      2. 6.4.2 United Aircraft Corporation

      3. 6.4.3 United Shipbuilding Corporation

      4. 6.4.4 Ukroboronprom

      5. 6.4.5 Rheinmetall AG

      6. 6.4.6 BAE Systems PLC

      7. 6.4.7 Thales Group

      8. 6.4.8 Raytheon Company

      9. 6.4.9 Airbus SE

      10. 6.4.10 Lockheed Martin Corporation

      11. 6.4.11 Northrop Grumman Corporation

      12. 6.4.12 General Dynamics Corporation*

    5. *List Not Exhaustive

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