Bulgarian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

Region:Europe

Author(s):

Product Code:GDDF0580MR

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Published on

June 2019

Total pages

59

Table of Content

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About the Report

About the Report

Bulgarian Defense Market-Attractiveness, Competitive Landscape and Forecasts to 2024

Summary

Bulgarian Defense Market-Attractiveness, Competitive Landscape and Forecasts to 2024 , published by GlobalData, 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 2020-2024, 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

- Porter's Five Force analysis of the Bulgarian defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry

- 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 five 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

- Bulgaria's defense budget is valued at USD 1.1 billion in 2019 and registered a CAGR of 13.88% during the historic period. The country plans to increase its defense expenditure to 2% of GDP by 2024, as mentioned in their national plan to modernize their military in line with NATO standards. Due to this arms modernization process, the country's defense expenditure is anticipated to cumulatively value USD 6.7 billion over 2020-2024.

- The defense budget as a percentage of GDP is expected to increase slightly, from an average of 1.4% during the historic period to an average of 1.8% over the forecast period, and is expected to post a CAGR of 10.57% to value USD 1.7 billion by 2024.

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, Porter's Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

Products

Products

Defense, budget, offset, regulation, capital expenditure, homeland, drivers, market opportunities, procurement, entry route, key challenge, announcements, alliances, contract awards, financial analysis, business environment, Airbus Helicopters, Textron Marine & Land Systems, Leonardo, Rolls-Royce plc


Companies

Airbus Helicopters

Textron Marine & Land Systems

Leonardo

Rolls-Royce plc

Table of Contents

Table of Contents

Table of contents

LIST OF FIGURES

LIST OF TABLES

1. Introduction

1.1. What is this Report About?

1.2. Definitions

1.3. Summary Methodology

1.4. About GlobalData

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

3.1. Current Market Scenario

3.1.1. Procurement Programs

3.1.2. 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 10.57%

3.2.2. The country's participation in peacekeeping missions, and its modernization plans which aim to bring the military in line with 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 CAGR of 2.36% over the forecast period

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 CAGR of 4.42% over the forecast period

3.4.2. Cybercrime and border control measures to drive the homeland security budget

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, Saudi Arabia and Cote d'Ivoire were major arms recipients

4.2.3. Armored vehicles and missiles accounted for 75.8% 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 (USD )

7.1.2. GDP at Current Prices (USD )

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 USD (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. Services 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 USD Billion)

7.1.15. Net FDI as a Percentage of GDP

7.1.16. Mining, Manufacturing, Utilities Output

8. Appendix

8.1. About GlobalData

8.2. Disclaimer


List of Figure

List of Figures

Figure 1: Bulgarian Defense Budget: 2020 and 2024

Figure 2: Bulgarian Defense Exports: 2014 and 2018

Figure 3: Bulgaria's Top Prospective Procurements/Developments

Figure 4: Bulgarian Defense Expenditure (BGN Billion), 2015-2024

Figure 5: Bulgarian Defense Expenditure (USD Billion), 2015-2024

Figure 6: Bulgarian GDP Growth and Defense Expenditure as a Percentage of GDP Growth (%), 2015-2024

Figure 7: Bulgarian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024

Figure 8: Bulgarian Defense Capital Expenditure (BGN Million), 2015-2024

Figure 9: Bulgarian Defense Capital Expenditure (USD Million), 2015-2024

Figure 10: Bulgarian Per Capita Defense Expenditure (USD ), 2015-2024

Figure 11: Bulgarian Homeland Security Expenditure (BGN Billion), 2015-2024

Figure 12: Bulgarian Homeland Security Expenditure (USD Billion), 2015-2024

Figure 13: Bulgaria-Benchmarked Against Key Markets (%), 2015-2019 vs 2020-2024

Figure 14: Defense Expenditure of the World's Largest Military Spenders (USD Billion), 2019 and 2024

Figure 15: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019

Figure 16: Bulgarian Defense Exports (USD Million), 2014-2018 (TIV Values*)

Figure 17: Bulgarian Defense Exports by Country (%), 2014-2018

Figure 18: Bulgarian Defense Exports by Category (%), 2014-2018

Figure 19: Bulgarian Budgeting Process

Figure 20: Bulgarian GDP Per Capita at Constant Prices (USD ), 2015-2025

Figure 21: Bulgarian GDP at Current Prices (USD Billion), 2015-2025

Figure 22: Bulgarian Exports of Goods and Services (LCU Billion), 2005-2014

Figure 23: Bulgarian Imports of Goods and Services (LCU Billion), 2005-2014

Figure 24: Bulgarian Gross National Disposable Income (USD Billion), 2005-2012

Figure 25: Bulgarian LCU per USD , 2015-2024

Figure 26: Bulgarian Market Capitalization of Listed Companies (USD Billion), 2005-2012

Figure 27: Bulgarian Market Capitalization of Listed Companies (% of GDP), 2005-2012

Figure 28: Bulgarian Government Cash Surplus/Deficit as a Percentage of GDP (LCU), 2005-2012

Figure 29: Bulgarian Goods Exports as a Percentage of GDP, 2005-2014

Figure 30: Bulgarian Goods Imports as a Percentage of GDP, 2005-2014

Figure 31: Bulgarian Services Imports as a Percentage of GDP, 2005-2014

Figure 32: Bulgaria Services Exports as a Percentage of GDP, 2005-2014

Figure 33: Bulgarian FDI, Net (BoP, Current USD Billion), 2005-2014

Figure 34: Bulgarian Net FDI as a Percentage of GDP, 2005-2014

Figure 35: Bulgarian Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014


List of Table

List of Tables

Table 1: Bulgarian Ongoing Development and Procurement Programs (USD Million)

Table 2: Bulgarian Future Procurement Programs

Table 3: Bulgarian Defense Expenditure (BGN Billion and USD Billion), 2015-2024

Table 4: Bulgarian GDP Growth and Defense Expenditure as a Percentage of GDP Growth (%), 2015-2024

Table 5: Bulgarian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024

Table 6: Bulgarian Defense Capital Expenditure (BGN Million and USD Million), 2015-2024

Table 7: Bulgarian Per Capita Defense Expenditure (USD ), 2015-2024

Table 8: Bulgarian Homeland Security Expenditure (BGN Billion and USD Billion), 2015-2024

Table 9: Benchmarking with Key Markets-2015-2019 vs 2020-2024

Table 10: Top Bulgarian Defense Sectors by Value (USD Million), 2019-2024

Table 11: Bulgarian Procurement Process

Table 12: Bulgarian Defense Industry's Competitive Landscape, 2018

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