Azerbaijani Defense 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 the Author

3.1. Current Market Conditions
3.1.1. Procurement Programs
3.1.2. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Azerbaijani defense budget to record a CAGR of 11.36% 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 12.18% 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
3.5. Benchmarking with Key Global Markets
3.5.1. Azerbaijan’s defense budget is expected to register solid growth over 2020-2024
3.5.2. Azerbaijani defense expenditure is relatively small when compared to the leading defense spenders
3.5.3. Azerbaijan spent 4.3% of its GDP on defense in 2019
3.6. Market Opportunities: Key Trends and Drivers
3.6.1. Top Defense Sectors by Value (US$ Million) - Projections over 2019-2024

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 naval vessels 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 remains receptive to co-production
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 the Author
8.2. Disclaimer

Table 1: Azerbaijan - Ongoing Procurement Programs
Table 2: Azerbaijan - Future Procurement Programs
Table 3: Azerbaijani Defense Expenditure (AZN Billion and US$ Billion), 2015-2024
Table 4: Azerbaijani GDP Growth and Defense Expenditure as Percentage of GDP Growth, 2015-2024
Table 5: Azerbaijani Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 6: Azerbaijani Defense Capital Expenditure (AZN Billion and US$ Billion), 2015-2024
Table 7: Azerbaijani Per Capita Expenditure (US$), 2015-2024
Table 8: Benchmarking with Key Markets, 2015-2019 vs 2020-2024
Table 9: Top Azerbaijani Defense Sectors by Value (US$ Million), 2019-2024
Table 10: Competitive Landscape of the Azerbaijani Defense Industry

Figure 1: Azerbaijan Defense Budget, 2020 and 2024
Figure 2: Azerbaijan Defense Imports/Exports, 2014 and 2018
Figure 3: Azerbaijan’s Top Prospective Procurements/Developments
Figure 4: Azerbaijani Defense Expenditure (US$ Billion), 2015-2024
Figure 5: Azerbaijani GDP Growth vs Defense Expenditure as Percentage of GDP and Defense Expenditure as Percentage of GDP, 2015-2024
Figure 6: Azerbaijani Defense Expenditure Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 7: Azerbaijani Defense Capital Expenditure (AZN Billion), 2015-2024
Figure 8: Azerbaijani Defense Capital Expenditure (US$ Billion), 2015-2024
Figure 9: Azerbaijani Per Capita Expenditure (US$), 2015-2024
Figure 10: Benchmarking with Key Markets, 2015-2019 vs 2020-2024
Figure 11: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2019 and 2024
Figure 12: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 13: Azerbaijani Defense Imports (US$ Million), 2014-2018
Figure 14: Azerbaijani Defense Imports by Country (%), 2014-2018
Figure 15: Azerbaijani Defense Imports by Category (%), 2014-2018
Figure 16: Azerbaijan’s Budgeting Process
Figure 17: Azerbaijani GDP Per Capita (US$), 2015-2025
Figure 18: Azerbaijani GDP at Current Prices (US$ Billion), 2015-2025
Figure 19: Azerbaijani Exports of Goods and Services (LCU Billion), 2005-2014
Figure 20: Azerbaijani Imports of Goods and Services (LCU Billion), 2005-2014
Figure 21: Azerbaijani Gross National Disposable Income (US$ Billion), 2005-2014
Figure 22: LCU per USD (US$), 2015-2025
Figure 23: Azerbaijani Goods Exports as a Percentage of GDP, 2005-2014
Figure 24: Azerbaijani Goods Imports as a Percentage of GDP, 2005-2014
Figure 25: Azerbaijani Services Imports as a Percentage of GDP, 2005-2014
Figure 26: Azerbaijani Services Exports as a Percentage of GDP, 2005-2014
Figure 27: Azerbaijani Net Foreign Direct Investment (BoP, Current US$ Billion) 2005-2014
Figure 28: Azerbaijani Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
Figure 29: Azerbaijani Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014