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

  • ID: 4726756
  • Report
  • Region: Bulgaria
  • 64 pages
  • GlobalData
1h Free Analyst Time

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

Summary

"Future of the Bulgarian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" 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 Bulgarian 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 defense industry market size and drivers: detailed analysis of the Bulgarian 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: details of the top defense investment opportunities
  • Competitive landscape and strategic insights: analysis of the competitive landscape of the Bulgarian defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
Scope
  • The Bulgarian defense budget is valued at US$991.9 million in 2018 and registered a CAGR of 7.29% during the historic period.
  • The ongoing modernization of the country’s armed forces to meet NATO standards, along with its participation in international peacekeeping missions, drove Bulgaria’s defense expenditure during the historic period.
  • With this trend expected to continue over the forecast period, the country’s defense expenditure is anticipated to cumulatively value US$6.4 billion during 2019-2023.
Reasons to Buy
  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Bulgarian 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
  • Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of the Bulgarian defense industry covering sections including demand drivers, Key Trends and Growth Stimulators, and latest industry contracts.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Airbus Helicopters
  • Leonardo
  • Rolls-Royce plc
  • MORE
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Military Fleet Size
3.1.2. Procurement Programs
3.1.3. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Bulgarian defense budget to grow at a forecast-period CAGR of 9.34%
3.2.2. The country’s participation in peacekeeping missions and modernization plans to meet NATO standards will boost defense expenditure
3.2.3. Bulgaria’s defense expenditure as a percentage of GDP is projected to increase over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure will increase over the forecast period
3.3.2. Capital expenditure is anticipated to record a forecast-period CAGR of 4.56%
3.3.3. Per capita defense expenditure to rise over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Homeland security expenditure will post a forecast-period CAGR of 2.9%
3.4.2. Cybercrime and border control measures to drive the homeland security budget
3.4.3. Bulgaria falls under the “some risk” category on the terrorism index
3.4.4. Bulgaria faces some level threat from terrorist organizations
3.4.5. Bulgaria has a terrorism index score of 1.2
3.5. Benchmarking with Key Global Markets
3.5.1. Bulgaria’s defense budget expected to increase over the forecast period
3.5.2. Bulgaria’s military expenditure is limited compared to countries with the largest defense expenditures
3.5.3. The defense budget as a percentage of GDP is set to increase over the forecast period
3.6. Market Opportunities: Key Trends and Drivers

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Bulgaria recorded very limited imports during the historic period
4.2. Export Market Dynamics
4.2.1. Defense exports increased during the historic period
4.2.2. Iraq, Angola and Saudi Arabia were major arms recipients
4.2.3. Armored vehicles and artillery accounted for 88.0% of defense exports

5. Market Entry strategy
5.1. Market Regulation
5.1.1. Offsets are usually 70% indirect and 30% direct
5.1.2. FDI policies in Bulgaria
5.2. Market Entry Route
5.2.1. Budgeting process
5.2.2. Procurement Policy and Process
5.2.3. Joint ventures and engagement with local representatives provide attractive market entry routes

6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview

7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. GDP Per Capita at Constant Prices (US$)
7.1.2. GDP at Current Prices (US$)
7.1.3. Exports of Goods and Services
7.1.4. Imports of Goods and Services
7.1.5. Gross National Disposable Income
7.1.6. LCU per US$ (Period Average)
7.1.7. Market Capitalization of Listed Companies
7.1.8. Market Capitalization of Listed Companies (% of GDP)
7.1.9. Government Cash Surplus/Deficit as a Percentage of GDP
7.1.10. Goods Exports as a Percentage of GDP
7.1.11. Goods Imports as a Percentage of GDP
7.1.12. Service Imports as a Percentage of GDP
7.1.13. Services Exports as a Percentage of GDP
7.1.14. Foreign Direct Investment (FDI), net (BoP, current US$ Billion)
7.1.15. Net FDI as a Percentage of GDP
7.1.16. Mining, Manufacturing, Utilities Output

8. Appendix
8.1. About
8.2. Disclaimer

List of Tables
Table 1: Bulgarian Ground Forces Strength
Table 2: Bulgarian Air Force Strength
Table 3: Bulgarian Navy Strength
Table 4: Bulgarian Ongoing Development and Procurement Programs (US$ Million)
Table 5: Bulgarian Future Procurement Programs
Table 6: Bulgarian Defense Expenditure (BGN Million and US$ Million), 2014-2023
Table 7: Bulgarian GDP Growth and Defense Expenditure as a Percentage of GDP Growth (%), 2014-2023
Table 8: Bulgarian Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Table 9: Bulgarian Defense Capital Expenditure (BGN Million & US$ Million), 2014-2023
Table 10: Bulgarian Per Capita Defense Expenditure (US$), 2014-2023
Table 11: Bulgarian Homeland Security Expenditure (BGN Million and US$ Million), 2014-2023
Table 12: Terrorism Index, 2018
Table 13: Benchmarking with Key Markets - 2014-2018 vs 2019-2023
Table 14: Top Bulgarian Defense Sectors by Value (US$ Million), 2018-2023
Table 15: Bulgarian Budget Process
Table 16: Bulgarian Procurement Process
Table 17: Bulgarian - Competitive Landscape of Defense Industry, 2018

List of Figures
Figure 1: Bulgarian Defense Expenditure (BGN Million), 2014-2023
Figure 2: Bulgarian Defense Expenditure (US$ Million), 2014-2023
Figure 3: Bulgarian GDP Growth and Defense Expenditure as a Percentage of GDP Growth (%), 2014-2023
Figure 4: Bulgarian Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Figure 5: Bulgarian Defense Capital Expenditure (BGN Million), 2014-2023
Figure 6: Bulgarian Defense Capital Expenditure (US$ Million), 2014-2023
Figure 7: Bulgarian Per Capita Defense Expenditure (US$), 2014-2023
Figure 8: Bulgarian Homeland Security Expenditure (BGN Million), 2014-2023
Figure 9: Bulgarian Homeland Security Expenditure (US$ Million), 2014-2023
Figure 10: Terrorism Heat Map, 2018
Figure 11: Terrorism Index, 2018
Figure 12: Bulgaria - Benchmarked Against Key Markets (%), 2014-2018 vs. 2019-2023
Figure 13: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2018 and 2023
Figure 14: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018
Figure 15: Bulgarian Defense Imports (US$ Million), 2013-2017 (TIV Values*)
Figure 16: Bulgarian Defense Imports by Country (%), 2013-2017
Figure 17: Bulgarian Defense Imports by Category (%), 2013-2017
Figure 18: Bulgarian - GDP Per Capita at Constant Prices (US$), 2015-2025
Figure 19: Bulgarian - GDP at Current Prices (US$ Billion), 2015-2025
Figure 20: Bulgarian - Exports of Goods and Services (LCU Billion), 2005-2014
Figure 21: Bulgarian - Imports of Goods and Services (LCU Billion), 2005-2014
Figure 22: Bulgarian - Gross National Disposable Income (US$ Billion), 2005-2012
Figure 23: Bulgarian - LCU per US$, 2015-2024
Figure 24: Bulgarian - Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 25: Bulgarian - Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 26: Bulgarian Government Cash Surplus/Deficit as a Percentage of GDP (LCU), 2005-2012
Figure 27: Bulgarian - Goods Exports as a Percentage of GDP, 2005-2014
Figure 28: Bulgarian - Goods Imports as a Percentage of GDP, 2005-2014
Figure 29: Bulgarian - Services Imports as a Percentage of GDP, 2005-2014
Figure 30: Bulgaria - Services Exports as a Percentage of GDP, 2005-2014
Figure 31: Bulgarian - FDI, Net (BoP, Current US$ Billion), 2005-2014
Figure 32: Bulgarian - Net FDI as a Percentage of GDP, 2005-2014
Figure 33: Bulgarian - Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014
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