Georgia Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027

Georgia Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

The Georgian defense budget values $336 million in 2022 and registered a CAGR of 1.1% during the historic period. The decline in the defense budget during the historic period was due to the government's 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 country's defense budget during the historic period. With an increased CAGR of 4% over the next five years, the country's defense expenditure is projected to value $399.4 million in 2027. Conversely, defense expenditure as a percentage of GDP is anticipated to slightly decrease from an average of 1.7% during 2018-22 to an average of 1.6% during the forecast period.

This report offers detailed analysis of the Georgia defense market 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.

Key Highlights

• The Georgian defense budget values $336 million in 2022 and registered a CAGR of 1.1% during the historic period. The decline in the defense budget during the historic period was due to the government's 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
• With an increased CAGR of 4% over the next five years, the country's defense expenditure is projected to value at $399.4 million in 2027
• Georgian expenditure will be driven by the policing of territorial disputes, and drug and human trafficking
• The Georgian government has revealed its defense procurement priorities up to 2030, which includes acquisition of unmanned aerial vehicles (UAVs), new artillery systems, and a revitalization of its defense housing infrastructure

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups

Scope

In particular, it provides an in-depth analysis of the following:

• Georgia defense budget: detailed analysis of the Georgia 2022 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of the Georgia military doctrine and strategy to provide a comprehensive overview of Georgia military regulation
• Security Environment: political alliances and perceived security threats to Georgia are examined; there help to explain trends in spending and modernization
• Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
• Competitive landscape and strategic insights: analysis of the competitive landscape of Georgia's defense industry

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Georgia defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Georgia market and identify the opportunities offered
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the Georgia defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Georgia government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country
• The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available