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Hungary Defence & Security Q1 2018

Hungary Defence & Security Q1 2018

BMI View: Hungarian defence spending remains relatively modest compared to the Europe region as a whole, but it is increasing considerably in the wake of the migrant crisis and NATO pressure to increase defence spending. We forecast that military spending will rise to 1.2% of GDP in 2018, reaching USD1.6bn, as the government plans a significant expansion in the reserve forces, higher salaries for military personnel and a major strengthening of police and border security amid the ongoing migrant crisis. Technologically advanced equipment such as aircraft, will continue to be sourced from abroad, as local manufacturers lack design and production capabilities, although there is potential for some ageing equipment to be modernised in Russia. Meanwhile, with limited state investment into defence R&D, we expect Hungarian defence exports to remain modest over our forecast period - although we do see some potential for growth in niche segments.


BMI Industry View
Table: Defence Expenditure (Hungary 2015-2020)
SWOT
Industry Forecast
Defence Budget
Table: Defence Expenditure (Hungary 2015-2020)
Table: Defence Expenditure (Hungary 2020-2025)
Defence Trade
Industry Risk Reward Index
Defence Industry Risk/Reward Index
Table: Europe - Defence Industry Risk/Reward Index
Rewards
Risks
Market Overview
Defence Market Overview
Domestic Defence Sector
Domestic Defence Market
Armed Forces Overview
Armed Forces
Table: Armed Forces Personnel (Hungary 2008-2013)
Table: Hungarian Defence Forces (HDF) - Overseas Deployments
Security Overview
Domestic Threats
Regional Threats
International Threats
Company Profile
Danubian Aircraft
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Defence Risk/Reward Index Indicators
Weighting
Table: Weighting of Defence Risk Reward Index

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