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

1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About

3.1. Current Market Conditions
3.1.1. Military fleet size
3.1.2. Procurement Programs
3.1.3. Key Drivers and Challenges
3.1.4. Proposed arms embargo against Georgia makes it difficult for defense companies
3.2. Defense Market Size Historical and Forecast
3.2.1. Georgian defense expenditure excluding US, aid to post a CAGR of 5.28% over the forecast period
3.2.2. Georgia’s aggregate defense expenditure - inclusive of US military aid - will post a forecast-period CAGR of 3.84%
3.2.3. NATO membership, threats posed by Russia, and counter-terrorism and modernization plans drive defense expenditure
3.2.4. Military expenditure as a percentage of GDP is expected to decline over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Share of capital expenditure to increase over the forecast period
3.3.2. Financial Aid from the US contributes a major share of the country’s capital expenditure
3.3.3. Capital expenditure excluding US Aid to increase over the forecast period
3.3.4. Per capita defense expenditure to rise over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Homeland security (HLS) expenditure expected to grow over the forecast period
3.4.2. Human trafficking, drug trafficking, and internal disputes to drive homeland security expenditure
3.4.3. Georgia faces a moderate level of terrorist threat
3.4.4. Georgia faces moderate level of threat from foreign terrorist organizations
3.4.5. Georgia has a terrorism index score of 2.1
3.5. Benchmarking with Key Global Markets
3.5.1. Georgian defense expenditure expected to remain low compared to leading spenders
3.5.2. The country’s defense budget is high compared to its regional countries
3.5.3. Georgia defense expenditure as a percentage of GDP is expected to decrease
3.6. Market Opportunities: Key Trends
3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023

4.1. Import Market Dynamics
4.1.1. Defense imports expected to decrease over the forecast period
4.1.2. The US was the primary supplier of military platforms to Georgia
4.1.3. Naval vessel were the major imported military hardware during 2013-2017
4.2. Export Market Dynamics
4.2.1. Georgia does not export arms due to an undeveloped domestic arms industry

5.1. Market Regulation
5.1.1. Georgia does not disclose any offset obligations imposed by the country
5.1.2. FDI in the defense sector is permitted only after review by the government
5.2. Market Entry Route
5.2.1. Budgeting Process
5.2.2. Foreign military sales (FMS) and direct commercial sales (DCS) preferred market entry routes
5.2.3. Establishment of subsidiaries provides an alternative entry route

6.1. Competitive Landscape Overview

7.1. Economic Performance
7.1.1. GDP per capita
7.1.2. GDP, current prices
7.1.3. Export of goods and services (LCU Billion)
7.1.4. Import of goods and services (LCU Billion)
7.1.5. Gross national disposable income (US$ Billion)
7.1.6. Local currency unit per US$
7.1.7. Market capitalization of listed companies
7.1.8. Market capitalization of listed companies as a percentage 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. Good imports as a percentage of GDP
7.1.12. Service imports as a percentage of GDP
7.1.13. Service exports as a percentage of GDP
7.1.14. Foreign direct investments
7.1.15. Net foreign direct investment as a percentage of GDP
7.1.16. Mining, manufacturing, utilities output

8.1. About
8.2. Disclaimer

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

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