Original Defence and security market research and the defence & security sector trend analysis for the Hungarian Defence and Security industry.
Competitive intelligence, Hungarian defence & security company rankings and SWOT analyses on international and domestic defence & security companies in Hungary.
The Hungary Defence & Security Report has been researched at source in 2007, and features latest-available data covering all headline indicators; 5-year industry forecasts for Hungary through end-2012; company rankings and competitive landscapes covering national and multinational arms and components manufacturers, electronic and software producers, and companies providing defence solutions, as well as analysis of latest industry developments, trends and regulatory changes in Hungary.
Hungarian Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Hungarian defence & security industry.
Key Benefits of Report
Benchmark It’s Independent 5-Year Defence & Security Industry Forecast on Hungary to test other views - a key input for successful budgetary and strategic business planning in the Hungarian defence and security market.
Target Business Opportunities & Risks in the Hungarian Defence & Security Sector through reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Hungary
Exploit The Latest Competitive Hungarian Defence & Security Intelligence & Company SWOTS on your peers and competitors through company rankings by sales, market share, investments and leading products and services.
Coverage
SWOT Analysis
Snapshot evaluation of the major issues affecting security, the defence sector, economy and politics, with issues subdivided into ‘strengths’
Political Risk Assessment
Drawing on It’s twenty-year heritage of Country Risk analysis, this comprehensively evaluates the key risks to domestic politics and
foreign relations, focusing on issues most likely to affect either domestic security or the defence sector.
Security Risk Analysis
It’s proprietary Security Ratings provide a reliable – and country comparable – guide to conflict, terrorism and criminal risk, backed up by our analyst’s latest assessment of each component. Furthermore, drawing on our Country Risk expertise, we assess the state’s vulnerability to a serious – or prolonged – terrorist campaign.
Defence Industry Assessment
Overview of industry landscape and key players; public/private structure, size and value of industry sector; assessment of business operating environment and latest regulatory developments;
It 5-Year Forecasts
Historic data series and 5-year forecasts to end-2011 for key industry indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast. Defence expenditure (local currency and US$bn); defence expenditure (% of total budget); defence expenditure (% of GDP); defence expenditure per capita, US$; defence budget (local currency and US$bn); employment in arms production (‘000s); employment in arms production (% of labour force); arms imports (US$mn); arms imports (% of total imports); arms exports (US$mn); arms exports (% of total exports)
It 5-year forecast and analysis of all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Company Profiles
Company profiles, including senior executives and full contact details, business activity, products and services, foreign direct investments and projects.
Executive Summary
The Sector At A Glance
Key Insights On The Defence & Security Sector Of Hungary
The Hungarian government is undertaking a series of revenue-raising reforms by overhauling public finances, pensions, healthcare and education. Such reforms would be difficult for any population to accept, but the government has little choice given its large budget deficit. Tax hikes may prove digestible but other reforms, such as the raising of the retirement age, are likely to cause some rifts.
Hungary enjoys a low level of security risk. However, due to its geographical position and regional instability, the country has an implicit interest in the transition and developments in the Balkans, Ukraine and Russia. There are currently no major regional issues, although the security and human rights of Hungarian minorities in neighbouring countries remains a priority. Hungary pursues a policy of integration with regional and multilateral security organisations, achieving membership with the North Atlantic Treaty Organisation (NATO) and the EU, and nurturing alliances with global powers. The risk of international terrorist attacks has been greatly reduced since the withdrawal of Hungarian troops from Iraq.
Hungary has one of the smallest defence industries of the Central and East European countries. In order to survive in the long run, defence companies will have to specialise further in niche capabilities and strengthen their role as suppliers for big international prime contractors. Hungary's moves to modernise its defence forces and achieve full integration with NATO should create procurement opportunities in the coming years. Military expenditure has been drastically cut over the last decade, largely as a result of the strain on government finances from EU membership and the need to reduce the overall budget deficit, but is expected to now increase in the long term as the armed forces modernise and acquire new technologies. Recently, Hungary has been receiving heavy criticism from NATO for falling behind its commitments.
Hungary is pushing through painful domestic reforms with only limited popular opposition. Budapest is improving its relations with Europe, and Russia – to the worry of some European analysts – and is extending its focus further away towards China and, of course, to the US. Threats to Hungary have reduced with its entry into NATO and the EU, further stabilising its military and political stability. Its armed forces are modernising to ensure NATO-compatibility, and its small defence industry has undergone significant transitions and emerged with an industry that looks very different but still has much to say for itself.
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