The annual defence spending of Poland is anticipated to grow to $11.9bn in 2022 at a compound annual growth rate (CAGR) of 5.55%, according to a report by Strategic Defence Intelligence (SDI).
Entitled ‘Future of the Polish Defense Industry – Market Attractiveness, Competitive Landscape, and Forecasts to 2022’, the report offers insights into the current and future trends in Polish defence industry.
Poland allocated 30% of its total defence budget to capital expenditure during 2013-17, while the nation’s revenue expenditure allocation was 70% for the same period, making it one of the biggest defence spenders in Central Europe.
The nation’s defence expenditure is expected to be driven by military modernisation efforts, ongoing crisis in Ukraine, and participation in peacekeeping missions, notes the report.
The Polish Ministry of Defence intends to acquire aircraft, helicopters, submarines, patrol craft, coastal defence ships, missiles, radars, surveillance and reconnaissance equipment over the next ten years.
Poland’s homeland security expenditure too is anticipated to grow at a CAGR of 1.70% to reach $2.9bn by 2022. Acquisition of border security systems, infrastructure protection and cyber security systems are expected to account for most of the expenditure.