Market Share of NATO Defense Industry
The NATO defense market is fragmented, with the presence of several manufacturers supplying a wide range of defense equipment to various armed forces present in the 30 NATO countries . Some of the prominent players in the market are Lockheed Martin Corporation, Northrop Grumman Corporation, General Dynamics Corporation, BAE Systems plc, and THALES. Players can make use of the rising opportunities from countries like Romania, Bulgaria, and Poland, as these countries increased their defense spending and are planning for huge-scale modernization programs for their military infrastructure. As militaries focus on procuring state-of-the-art defense equipment to gain a competitive edge on the battlefield, the focus on R&D to facilitate product innovations will help the defense contractors gain new customers, thereby strengthening their geographical presence and market share. Furthermore, the key players are heavily investing in research and development and providing enhanced munitions to defense forces.
Safety and regulation rules in the defense sector are expected to make it hard for new players to join. Furthermore, since a contract for developing a precision munition requires high technological expertise and spans several years, careful identification and continuous monitoring of associative risks are required to be undertaken to assess their effects on the operational parameters of the manufacturing company.
NATO Defense Market Leaders
Lockheed Martin Corporation
Northrop Grumman Corporation
General Dynamics Corporation
BAE Systems plc
THALES
*Disclaimer: Major Players sorted in no particular order
