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Future of the Georgian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Future of the Georgian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Summary

Future of the Georgian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023, published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.This report offers detailed analysis of the Georgia's defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.In particular, it provides an in-depth analysis of the following -

  • The Georgian defense industry market size and drivers: detailed analysis of the Georgian defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns
  • Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country
  • Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
  • Market opportunities:list of the top ten defense investment opportunities over the next 5 years
  • Competitive landscape and strategic insights: analysis of the competitive landscape of the Georgian defense industry.
Scope
  • The Georgian defense budget (excluding US Aid) values US$280.7 million in 2018, and registered a CAGR of -7.21% during the historic period.
  • The decline in the defense budget during the historic period was due to the government’s focus on diverting funds into other sectors to boost economic activity in the domestic sector, as a consequence of fiscal and political instability faced by Georgia after its war with Russia in 2008.
  • These measures have affected the country’s defense budget during the historic period.
  • With an increased CAGR of 5.28% over the next five years, the country’s defense expenditure is projected to value US$361.6 million in 2023.
  • Conversely, defense expenditure as a percentage of GDP is anticipated to slightly decrease from an average of 2.1% during 2014-2018 to an average of 1.6% during the forecast period.
Reasons to buy
  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Georgian defense industry market trends for the coming five years
  • The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
  • Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of the Georgian defense industry covering sections including demand drivers, Key Trends , and latest industry contracts.


  • Introduction
    • What is this Report About?
    • Definitions
    • Summary Methodology
    • About GlobalData
  • Executive Summary
  • Market Attractiveness and Emerging Opportunities
    • Current Market Conditions
      • Military fleet size
        • Table Georgia - Army Strength
        • Table Georgia - Navy and Coast Gurad Strength
        • Table Georgia - Air Force Strength
      • Procurement Programs
        • Table Georgia - Ongoing Procurement Programs
        • Table Georgian Future Procurement Programs
      • Key Drivers and Challenges
      • Proposed arms embargo against Georgia makes it difficult for defense companies
    • Defense Market Size Historical and Forecast
      • Georgian defense expenditure excluding US, aid to post a CAGR of 5.28% over the forecast period
        • Table Georgia - Defense Expenditure (GEL million and US$ million), 2014-2023
        • Table Figure 1: Georgia - Defense Expenditure (GEL Million), 2014-2023
        • Table Figure 2: Georgia Defense Expenditure (US$ Million), 2014-2023
      • Georgia's aggregate defense expenditure - inclusive of US military aid - will post a forecast-period CAGR of 3.84%
        • Table Total Georgian Defense Expenditure Including US Aid (US$ Million ), 2014-2023
        • Table Figure 3: Defense Expenditure, Excluding US Aid (US$ Million), 2014-2023
        • Table Figure 4: US Military Aid to Georgia (US$ Million), 2016-2023
        • Table Figure 5: Georgia - Defense Budget Excluding US Aid vs Defense Expenditure Including US Aid (US$ Million), 2014-2023
      • NATO membership, threats posed by Russia, and counter-terrorism and modernization plans drive defense expenditure
      • Military expenditure as a percentage of GDP is expected to decline over the forecast period
        • Table Georgia - GDP Growth vs Defense Expenditure According to Percentage of GDP Growth, 2014-2023
        • Table Figure 6: Georgia - GDP Growth vs Defense Expenditure According to Percentage of GDP Growth, 2014-2023
    • Analysis of Defense Budget Allocation
      • Share of capital expenditure to increase over the forecast period
        • Table Georgia - Defense Budget Split by Capital and Revenue Expenditure (%), 2014-2023
        • Table Figure 7:Georgia - Defense Budget Split by Capital and Revenue Expenditure (%), 2014-2023
      • Financial Aid from the US contributes a major share of the country's capital expenditure
        • Table Georgia - Capital Expenditure Split by Allocated Capital Expenditure and US Military Aid (US$ Million), 2014-2023
        • Table Figure 8: Georgia - Capital Expenditure Allocated vs Total Including US Military Aid (US$ Million), 2014-2023
      • Capital expenditure excluding US Aid to increase over the forecast period
        • Table Georgia - Defense Capital Expenditure Excluding US Aid (GEL million and US$ million), 2014-2023
        • Table Figure 9: Georgia - Defense Capital Expenditure Excluding US Aid (GEL Million), 2014-2023
        • Table Figure 10: Georgia - Defense Capital Expenditure Excluding US Aid (US$ Million), 2014-2023
      • Per capita defense expenditure to rise over the forecast period
        • Table Georgia - Per Capita Defense Expenditure (US$), 2014-2023
        • Table Figure 11: Georgia Per Capita Defense Expenditure (US$), 2014-2023
    • Homeland Security Market Size and Forecast
      • Homeland security (HLS) expenditure expected to grow over the forecast period
        • Table Georgia - Homeland Security Expenditure (GEL Million and US$ Million), 2014-2023
        • Table Figure 12: Georgia - Homeland Security Budget (GEL Million), 2014-2023
        • Table Figure 13: Georgian Homeland Security Budget (US$ Million), 2014-2023
      • Human trafficking, drug trafficking, and internal disputes to drive homeland security expenditure
      • Georgia faces a moderate level of terrorist threat
        • Table Figure 14: Terrorism Heat Map, 2018
      • Georgia faces moderate level of threat from foreign terrorist organizations
        • Table Terrorism Index, 2018
      • Georgia has a terrorism index score of 2.1
        • Table Figure 15: Terrorism Index, 2018
    • Benchmarking with Key Global Markets
      • Georgian defense expenditure expected to remain low compared to leading spenders
        • Table Benchmarking with Key Markets - 2014-2018 vs 2019-2023
        • Table Figure 16: Benchmarking with Key Markets - 2014-2018 vs 2019-2023
      • The country's defense budget is high compared to its regional countries
        • Table Figure 17: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2018 and 2023
      • Georgia defense expenditure as a percentage of GDP is expected to decrease
        • Table Figure 18: Defense Expenditure According to Percentage of GDP of Largest Military Spenders (%), 2018
    • Market Opportunities: Key Trends
      • Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023
        • Table Top 10 Georgia Defense Market Sectors by Value (US$ Million) - 2018-2023
  • Defense Procurement Market Dynamics
    • Import Market Dynamics
      • Defense imports expected to decrease over the forecast period
        • Table Figure 19: Georgia - Defense Imports Trend (US$ Million), 2013-2017
      • The US was the primary supplier of military platforms to Georgia
        • Table Figure 20: Georgia - Defense Imports by Country (%), 2013-2017
      • Naval vessel were the major imported military hardware during 2013-2017
        • Table Figure 21: Georgia - Defense Imports by Category (%), 2013-2017
    • Export Market Dynamics
      • Georgia does not export arms due to an undeveloped domestic arms industry
  • Industry Dynamics
    • Market Regulation
      • Georgia does not disclose any offset obligations imposed by the country
      • FDI in the defense sector is permitted only after review by the government
    • Market Entry Route
      • Budgeting Process
        • Table Georgia - Budget Formation Timetable
      • Foreign military sales (FMS) and direct commercial sales (DCS) preferred market entry routes
      • Establishment of subsidiaries provides an alternative entry route
  • Competitive Landscape and Strategic Insights
    • Competitive Landscape Overview
      • Table Georgia - Competitive Landscape of Defense Industry, 2018
  • Business Environment and Country Risk
    • Economic Performance
      • GDP per capita
        • Table Figure 22: Georgia - GDP Per Capita (US$), 2015-2025
      • GDP, current prices
        • Table Figure 23: Georgia - GDP Current Prices (US$ Billion), 2015-2025
      • Export of goods and services (LCU Billion)
        • Table Figure 24: Georgia - Export of Goods and Services (LCU Billion), 2005-2014
      • Import of goods and services (LCU Billion)
        • Table Figure 25: Georgia - Import of Goods and Services (LCU Billion), 2005-2014
      • Gross national disposable income (US$ Billion)
        • Table Figure 26: Georgia - Gross National Disposable Income (US$ Billion), 2005-2013
      • Local currency unit per US$
        • Table Figure 27: Georgia - LCU per US$, 2015-2024
      • Market capitalization of listed companies
        • Table Figure 28: Georgia - Market Capitalization of Listed Companies (US$ Billion), 2005-2012
      • Market capitalization of listed companies as a percentage of GDP
        • Table Figure 29: Georgia - Market Capitalization of Listed Companies (Percentage of GDP), 2005- 2012
      • Government cash surplus deficit as a percentage of GDP
        • Table Figure 30: Georgia - Cash Surplus Deficit as (Percentage of GDP), 2008-2012
      • Goods Exports as a percentage of GDP
        • Table Figure 31: Georgia - Good Exports as a Percentage of GDP, 2005-2014
      • Good imports as a percentage of GDP
        • Table Figure 32: Georgia - Good Imports as a Percentage of GDP, 2005-2014
      • Service imports as a percentage of GDP
        • Table Figure 33: Georgia - Service Imports as a Percentage of GDP, 2005-2014
      • Service exports as a percentage of GDP
        • Table Figure 34: Georgia - Service Exports as a Percentage of GDP, 2005-2014
      • Foreign direct investments
        • Table Figure 35: Georgia - Foreign Direct Investments (BoP, Current US$ Billion), 2005-2014
      • Net foreign direct investment as a percentage of GDP
        • Table Figure 36: Georgia - Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
      • Mining, manufacturing, utilities output
        • Table Figure 37: Georgia - Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014
  • Appendix
    • About GlobalData
    • Disclaimer

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