Armoured Vehicles Eastern Europe: Market Report 2017
The European armoured vehicles market is now estimated to lead the world over the next 10 years, and will likely account for approximately a third of the global requirement. Hungary recently announced it will increased total defence spending to 2% of GDP as early as 2024.
Throughout the region there is a renewed focus on armament modernisation programmes, as well as a new emphasis on regional and multinational training exercises and collective defence. To address an increasingly assertive Russia NATO is implementing the largest reinforcement of collective defence in Eastern Europe since the Cold War– with multinational battle groups from 17 NATO Allies, including Hungary, currently deploying to Estonia, Latvia, Lithuania and Poland.
Tailored to the challenges and acquisition programmes of the region, the 2017 Armoured Vehicles Eastern Europe forum – delivered in collaboration with The Defence Industry Association of Hungary – will provide a platform for discussion of armoured vehicle deployment, procurement, cooperation, and sustainment - bringing together Chiefs of Staff, Commanders of mechanised and armoured Infantry, heads of procurement, and industry executives from both local and international organisations.
Ahead of the event, this report provides an overview of the most recent activities taking place within this region's armoured vehicles market, from a listing of 2016-17 inventories to strategic summaries detailing nation-by-nation responses to operational demand.