Future of the Azerbaijani 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
3.2. Defense Market Size Historical and Forecast
3.2.1. Azerbaijani defense budget to record a CAGR of 5.27% over the forecast period
3.2.2. Constant state of dispute with Armenia and military modernization are expected to be the key factors driving defense expenditure
3.2.3. The defense budget as a percentage of GDP is expected to increase over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Procurement of advanced equipment to drive capital expenditure allocation over the forecast period
3.3.2. Capital expenditure is expected to grow at a CAGR of 5.25% over the forecast period
3.3.3. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Protection of energy infrastructure and combating drug trafficking will be the key factors driving homeland security
3.4.2. Azerbaijan falls under the “some risk” category on the Terrorism Index
3.4.3. Azerbaijani faces “some risk” of acts of terrorism
3.4.4. Azerbaijan has a terrorism index score of 1.2
3.5. Benchmarking with Key Global Markets
3.5.1. Azerbaijan’s defense budget is expected to register moderate growth over 2019-2023
3.5.2. Azerbaijani defense expenditure is relatively small when compared to the leading defense spenders
3.5.3. Azerbaijan spent 3.8% of its GDP on defense in 2018
3.6. Market Opportunities: Key Trends and Drivers
3.6.1. Top Defense Sectors by Value (US$ Million) - Projections over 2018-2023

4.1. Import Market Dynamics
4.1.1. Azerbaijan’s reliance on military imports is expected to decline over the forecast period
4.1.2. Azerbaijan imports the majority of its arms from Russia
4.1.3. Armored vehicles, missiles and ships dominate Azerbaijani defense imports
4.2. Export Market Dynamics
4.2.1. Azerbaijan’s defense exports are negligible, however, they are expected to increase considerably over the forecast period

5.1. Market Regulation
5.1.1. Azerbaijan’s foreign investment policy prohibits FDI in the defense sector
5.2. Market Entry Route
5.2.1. Budgeting Process
5.2.2. Government-to-government deals form an attractive entry route for foreign manufacturers

6.1. Competitive Landscape Overview
6.1.1. The majority of defense equipment in Azerbaijan is supplied by foreign manufacturers

7.1. Economic Performance
7.1.1. GDP Per Capita
7.1.2. Gross Domestic Product
7.1.3. Exports of Goods and Services (LCU Billion)
7.1.4. Imports of Goods and Services (LCU Billion)
7.1.5. Gross National Disposable Income
7.1.6. LCU per USD (Period Average)
7.1.7. Goods Exports as a Percentage of GDP
7.1.8. Goods Imports as a Percentage of GDP
7.1.9. Services Imports as a Percentage of GDP
7.1.10. Services Exports as a Percentage of GDP
7.1.11. Foreign Direct Investment, net (BoP, current US$ Billion)
7.1.12. Net Foreign Direct Investment as a Percentage of GDP
7.1.13. Mining, Manufacturing, Utilities Output (LCU Billion)

8.1. About
8.2. Disclaimer

Table 1: Azerbaijani Army Strength
Table 2: Azerbaijani Air Force Strength
Table 3: Azerbaijani Navy Strength
Table 4: Azerbaijan - Future Procurement Programs
Table 5: Azerbaijan - Future Procurement Programs
Table 6: Azerbaijani Defense Expenditure (AZN Billion & US$ Billion), 2014-2023
Table 7: Azerbaijani GDP Growth and Defense Expenditure as Percentage of GDP Growth, 2014-2023
Table 8: Azerbaijani Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Table 9: Azerbaijani Defense Capital Expenditure (AZN Billion & US$ Billion), 2014-2023
Table 10: Azerbaijani Per Capita Expenditure (US$), 2014-2023
Table 11: Terrorism Index, 2018
Table 12: Benchmarking with Key Markets, 2014-2018 vs 2019-2023
Table 13: Top Azerbaijani Defense Sectors by Value (US$ Million), 2018-2023
Table 14: Azerbaijan - Budget Formation Timetable
Table 15: Competitive Landscape of the Azerbaijani Defense Industry

Figure 1: Azerbaijani Defense Expenditure (in AZN Billion), 2014-2023
Figure 2: Azerbaijani Defense Expenditure (US$ Billion), 2014-2023
Figure 3: Azerbaijani GDP Growth vs Defense Expenditure Growth and Defense Expenditure as Percentage of GDP, 2014-2023
Figure 4: Azerbaijani Defense Expenditure Split Between Capital and Revenue Expenditure (%), 2014-2023
Figure 5: Azerbaijani Defense Capital Expenditure (AZN Billion), 2014-2023
Figure 6: Azerbaijani Defense Capital Expenditure (US$ Billion), 2014-2023
Figure 7: Azerbaijani Per Capita Expenditure (US$), 2014-2023
Figure 8: Terrorism Heat Map, 2018
Figure 9: Terrorism Index, 2018
Figure 10: Benchmarking with Key Markets, 2014-2018 vs 2019-2023
Figure 11: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2018 and 2023
Figure 12: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018
Figure 13: Azerbaijani Defense Imports (US$ Million), 2013-2017
Figure 14: Azerbaijani Defense Imports by Country (%), 2013-2017
Figure 15: Azerbaijani Defense Imports by Category (%), 2013-2017
Figure 16: Azerbaijani GDP Per Capita (US$), 2015-2025
Figure 17: Azerbaijani GDP at Current Prices (US$ Billion), 2015-2025
Figure 18: Azerbaijani Exports of Goods and Services (LCU Billion), 2005-2014
Figure 19: Azerbaijani Imports of Goods and Services (LCU Billion), 2005-2014
Figure 20: Azerbaijani Gross National Disposable Income (US$ Billion), 2005-2014
Figure 21: LCU per USD (US$), 2015-2025
Figure 22: Azerbaijani Goods Exports as a Percentage of GDP, 2005-2014
Figure 23: Azerbaijani Goods Imports as a Percentage of GDP, 2005-2014
Figure 24: Azerbaijani Services Imports as a Percentage of GDP, 2005-2014
Figure 25: Azerbaijani Services Exports as a Percentage of GDP, 2005-2014
Figure 26: Azerbaijani Net Foreign Direct Investment (BoP, Current US$ Billion) 2005-2014
Figure 27: Azerbaijani Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
Figure 28: Azerbaijani Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014