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

Dec 2018 GlobalData Defense and Security70 Pages Price :
$ 1250
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 countrys 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 countrys 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 governments 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 countrys defense budget during the historic period.
- With an increased CAGR of 5.28% over the next five years, the countrys 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.
Table of Contents
1. Introduction 7
1.1. What is this Report About? 7
1.2. Definitions 7
1.3. Summary Methodology 9
1.4. About GlobalData 10
2. Executive Summary 11
3. Market Attractiveness and Emerging Opportunities 12
3.1. Current Market Conditions 13
3.1.1. Military fleet size 13
3.1.2. Procurement Programs 16
3.1.3. Key Drivers and Challenges 17
3.1.4. Proposed arms embargo against Georgia makes it difficult for defense companies 17
3.2. Defense Market Size Historical and Forecast 18
3.2.1. Georgian defense expenditure excluding US, aid to post a CAGR of 5.28% over the forecast period 18
3.2.2. Georgias aggregate defense expenditure - inclusive of US military aid - will post a forecast-period CAGR of 3.84% 20
3.2.3. NATO membership, threats posed by Russia, and counter-terrorism and modernization plans drive defense expenditure 23
3.2.4. Military expenditure as a percentage of GDP is expected to decline over the forecast period 24
3.3. Analysis of Defense Budget Allocation 26
3.3.1. Share of capital expenditure to increase over the forecast period 26
3.3.2. Financial Aid from the US contributes a major share of the countrys capital expenditure 28
3.3.3. Capital expenditure excluding US Aid to increase over the forecast period 29
3.3.4. Per capita defense expenditure to rise over the forecast period 31
3.4. Homeland Security Market Size and Forecast 33
3.4.1. Homeland security (HLS) expenditure expected to grow over the forecast period 33
3.4.2. Human trafficking, drug trafficking, and internal disputes to drive homeland security expenditure 35
3.4.3. Georgia faces a moderate level of terrorist threat 36
3.4.4. Georgia faces moderate level of threat from foreign terrorist organizations 37
3.4.5. Georgia has a terrorism index score of 2.1 39
3.5. Benchmarking with Key Global Markets 40
3.5.1. Georgian defense expenditure expected to remain low compared to leading spenders 40
3.5.2. The countrys defense budget is high compared to its regional countries 42
3.5.3. Georgia defense expenditure as a percentage of GDP is expected to decrease 43
3.6. Market Opportunities: Key Trends 44
3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023 44
4. Defense Procurement Market Dynamics 45
4.1. Import Market Dynamics 46
4.1.1. Defense imports expected to decrease over the forecast period 46
4.1.2. The US was the primary supplier of military platforms to Georgia 47
4.1.3. Naval vessel were the major imported military hardware during 2013-2017 48
4.2. Export Market Dynamics 49
4.2.1. Georgia does not export arms due to an undeveloped domestic arms industry 49
5. Industry Dynamics 50
5.1. Market Regulation 50
5.1.1. Georgia does not disclose any offset obligations imposed by the country 50
5.1.2. FDI in the defense sector is permitted only after review by the government 50
5.2. Market Entry Route 51
5.2.1. Budgeting Process 51
5.2.2. Foreign military sales (FMS) and direct commercial sales (DCS) preferred market entry routes 52
5.2.3. Establishment of subsidiaries provides an alternative entry route 52
6. Competitive Landscape and Strategic Insights 53
6.1. Competitive Landscape Overview 53
7. Business Environment and Country Risk 54
7.1. Economic Performance 54
7.1.1. GDP per capita 54
7.1.2. GDP, current prices 55
7.1.3. Export of goods and services (LCU Billion) 56
7.1.4. Import of goods and services (LCU Billion) 57
7.1.5. Gross national disposable income (US$ Billion) 58
7.1.6. Local currency unit per US$ 59
7.1.7. Market capitalization of listed companies 60
7.1.8. Market capitalization of listed companies as a percentage of GDP 61
7.1.9. Government cash surplus deficit as a percentage of GDP 62
7.1.10. Goods Exports as a percentage of GDP 63
7.1.11. Good imports as a percentage of GDP 64
7.1.12. Service imports as a percentage of GDP 65
7.1.13. Service exports as a percentage of GDP 66
7.1.14. Foreign direct investments 67
7.1.15. Net foreign direct investment as a percentage of GDP 68
7.1.16. Mining, manufacturing, utilities output 69
8. Appendix 70
8.1. About GlobalData 70
8.2. Disclaimer 70

List of Tables
Table 1: Georgia - Army Strength 13
Table 2: Georgia - Navy and Coast Gurad Strength 15
Table 3: Georgia - Air Force Strength 15
Table 4: Georgia - Ongoing Procurement Programs 16
Table 5: Georgian Future Procurement Programs 16
Table 6: Georgia - Defense Expenditure (GEL million and US$ million), 2014-2023 18
Table 7: Total Georgian Defense Expenditure Including US Aid (US$ Million ), 2014-2023 20
Table 8: Georgia - GDP Growth vs Defense Expenditure According to Percentage of GDP Growth, 2014-2023 24
Table 9: Georgia - Defense Budget Split by Capital and Revenue Expenditure (%), 2014-2023 26
Table 10: Georgia - Capital Expenditure Split by Allocated Capital Expenditure and US Military Aid (US$ Million), 2014-2023 28
Table 11: Georgia - Defense Capital Expenditure Excluding US Aid (GEL million and US$ million), 2014-2023 29
Table 12: Georgia - Per Capita Defense Expenditure (US$), 2014-2023 31
Table 13: Georgia - Homeland Security Expenditure (GEL Million and US$ Million), 2014-2023 33
Table 14: Terrorism Index, 2018 37
Table 15: Benchmarking with Key Markets - 2014-2018 vs 2019-2023 40
Table 16: Top 10 Georgia Defense Market Sectors by Value (US$ Million) - 2018-2023 44
Table 17: Georgia - Budget Formation Timetable 51
Table 18: Georgia - Competitive Landscape of Defense Industry, 2018 53

List of Figures
Figure 1: Georgia - Defense Expenditure (GEL Million), 2014-2023 19
Figure 2: Georgia Defense Expenditure (US$ Million), 2014-2023 19
Figure 3: Defense Expenditure, Excluding US Aid (US$ Million), 2014-2023 21
Figure 4: US Military Aid to Georgia (US$ Million), 2016-2023 21
Figure 5: Georgia - Defense Budget Excluding US Aid vs Defense Expenditure Including US Aid (US$ Million), 2014-2023 22
Figure 6: Georgia - GDP Growth vs Defense Expenditure According to Percentage of GDP Growth, 2014-2023 25
Figure 7:Georgia - Defense Budget Split by Capital and Revenue Expenditure (%), 2014-2023 27
Figure 8: Georgia - Capital Expenditure Allocated vs Total Including US Military Aid (US$ Million), 2014-2023 28
Figure 9: Georgia - Defense Capital Expenditure Excluding US Aid (GEL Million), 2014-2023 30
Figure 10: Georgia - Defense Capital Expenditure Excluding US Aid (US$ Million), 2014-2023 30
Figure 11: Georgia Per Capita Defense Expenditure (US$), 2014-2023 32
Figure 12: Georgia - Homeland Security Budget (GEL Million), 2014-2023 34
Figure 13: Georgian Homeland Security Budget (US$ Million), 2014-2023 34
Figure 14: Terrorism Heat Map, 2018 36
Figure 15: Terrorism Index, 2018 39
Figure 16: Benchmarking with Key Markets - 2014-2018 vs 2019-2023 41
Figure 17: Defense Expenditure of the Worlds Largest Military Spenders (US$ Billion), 2018 and 2023 42
Figure 18: Defense Expenditure According to Percentage of GDP of Largest Military Spenders (%), 2018 43
Figure 19: Georgia - Defense Imports Trend (US$ Million), 2013-2017 46
Figure 20: Georgia - Defense Imports by Country (%), 2013-2017 47
Figure 21: Georgia - Defense Imports by Category (%), 2013-2017 48
Figure 22: Georgia - GDP Per Capita (US$), 2015-2025 54
Figure 23: Georgia - GDP Current Prices (US$ Billion), 2015-2025 55
Figure 24: Georgia - Export of Goods and Services (LCU Billion), 2005-2014 56
Figure 25: Georgia - Import of Goods and Services (LCU Billion), 2005-2014 57
Figure 26: Georgia - Gross National Disposable Income (US$ Billion), 2005-2013 58
Figure 27: Georgia - LCU per US$, 2015-2024 59
Figure 28: Georgia - Market Capitalization of Listed Companies (US$ Billion), 2005-2012 60
Figure 29: Georgia - Market Capitalization of Listed Companies (Percentage of GDP), 2005-2012 61
Figure 30: Georgia - Cash Surplus Deficit as (Percentage of GDP), 2008-2012 62
Figure 31: Georgia - Good Exports as a Percentage of GDP, 2005-2014 63
Figure 32: Georgia - Good Imports as a Percentage of GDP, 2005-2014 64
Figure 33: Georgia - Service Imports as a Percentage of GDP, 2005-2014 65
Figure 34: Georgia - Service Exports as a Percentage of GDP, 2005-2014 66
Figure 35: Georgia - Foreign Direct Investments (BoP, Current US$ Billion), 2005-2014 67
Figure 36: Georgia - Net Foreign Direct Investment as a Percentage of GDP, 2005-2014 68
Figure 37: Georgia - Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014 69

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