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

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Published: November 16, 2022 Report Code: GDDF0800MR-ST

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The Georgia defense budget is worth $336 million in 2022 and is expected to achieve a CAGR of more than 3% during 2023-2027. The Georgia defense market research 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.

Georgia Defense Market Outlook

Georgia Defense Market Outlook

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Georgia Defense Market Drivers

Georgia is a key participant in global security operations. The contribution to Euro-Atlantic security is directly reflected in the internal security of the country. Since 1999, Georgia has been participating in peacekeeping missions with a significant number of Georgian servicemen.

Moreover, Georgia’s strategic location makes it a centre for drug trafficking as it connects Russia, Afghanistan, Turkey, and Iran. Additionally, South Ossetia and Abkhazia have created territorial disputes for the Tbilisi government compelling Georgia to provide continuous surveillance and monitoring, owing to a perceived threat by Russian forces.

Georgia Military Doctrines and Defense Strategies

The National Security Concept reflects the changes that have taken place in the security environment of Georgia, as well as their influence on the threats and challenges to national security. The National Security Concept of Georgia is the basic document that explains fundamental national values and national interests, the vision of the nation’s secure development, threats, risks, and challenges, and establishes the main directions for national security policy. Based on the National Security Concept, the government implements measures to ensure the protection of fundamental national values and the advancement of national interests as well as to respond adequately to the risks, threats, and challenges facing the country.

The implementation of the Engagement Policy Georgia will create the formats, mechanisms, and incentives that can foster engagement between the occupied territories and other Georgian regions, thus restoring relationships among the citizens of Georgia living on different sides of the occupation line. Georgia is interested in continuing to cooperate with the international community to draw on its resources and experience in implementing the engagement policy. Coordination with Georgia on humanitarian projects in the occupied territories is also essential for the successful implementation of the engagement policy.

Georgia Defense Market Segmentation by Sectors

Military UAV is expected to be the largest sector in the Georgia defense market, followed by the missile and missile defense systems and EOIR systems during the forecast period. Other sectors include tactical communications, INS GNSS, military simulation and training, and body armor and personal protection.

Georgia Defense Market Analysis by Sectors

Georgia Defense Market Analysis by Sectors

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Georgia Defense Market - Competitive Landscape

The leading defense companies in the Georgia defense market are TAM Management, STC Delta, Thales, and MBDA.

Georgia Defense Market Report Overview

Market Size (2022) $336 million
CAGR (2023-2027) >3%
Key Sectors Military UAV, Missiles and Missile Defense Systems, EOIR Systems, Tactical Communications, INS GNSS, Military Simulation and Training, and Body Armor and Personal Protection
Leading Companies TAM Management, STC Delta, Thales, and MBDA

Scope

This report provides:

  • Detailed analysis of Georgia 2022 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
  • Explanation of the procurement policy and process. This is coupled with an analysis of Georgia’s military doctrine and strategy to provide a comprehensive overview of Georgia’s military regulation.
  • Examination of political alliances and perceived security threats to Georgia. They help to explain trends in spending and modernization.
  • Analysis of prevalent trends in the country’s imports and exports over the last five years.
  • 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 an in-depth understanding of 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 of 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 an in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country.

  • The company profiles also include information about the key products, alliances, recent contract awarded, and financial analysis, wherever available.

TAM Management
STC Delta
Thales
MBDA

Table of Contents

Table of Contents

Executive Summary

Defense Budget Assessment

Budgeting Process

Defense Market Size Historical And Forecast

Drivers Of Defense Expenditure

Analysis Of Defense Budget Allocation

Military Doctrine And Security Environment

Military Doctrine And Strategy

Political And Strategic Alliances

Geopolitical Social And Economic Scenario

Market Entry Strategy And Regulations

Procurement Policy And Process

Market Regulations

Market Entry Route

Key Challenges

Market Attractiveness and Emerging Opportunities

Market Attractiveness, 2022-27

Top Defense Segments By Value

Import And Export Market Dynamics

Import Market Dynamics

Fleet Size

Competitive Landscape

Defense Companies Operating In Georgia

Main Defense Companies

Appendix

About This Report

About Us

Contact Us

Table

List of Tables

Table 1: Georgia – Army Strength 13

Table 2: Georgia – Navy and Coast Gurad Strength 15

Table 3: Georgia – Air Force Strength 15

Table 4: Georgia – Ongoing Procurement Programs 16

Table 5: Georgian Future Procurement Programs 16

Table 6: Georgia – Defense Expenditure (GEL million and US$ million), 2014-2023 18

Table 7: Total Georgian Defense Expenditure Including US Aid (US$ Million ), 2014-2023 20

Table 8: Georgia – GDP Growth vs Defense Expenditure According to Percentage of GDP Growth, 2014-2023 24

Table 9: Georgia – Defense Budget Split by Capital and Revenue Expenditure (%), 2014-2023 26

Table 10: Georgia – Capital Expenditure Split by Allocated Capital Expenditure and US Military Aid (US$ Million), 2014-2023 28

Table 11: Georgia – Defense Capital Expenditure Excluding US Aid (GEL million and US$ million), 2014-2023 29

Table 12: Georgia – Per Capita Defense Expenditure (US$), 2014-2023 31

Table 13: Georgia – Homeland Security Expenditure (GEL Million and US$ Million), 2014-2023 33

Table 14: Terrorism Index, 2018 37

Table 15: Benchmarking with Key Markets – 2014-2018 vs 2019-2023 40

Table 16: Top 10 Georgia Defense Market Sectors by Value (US$ Million) – 2018-2023 44

Table 17: Georgia – Budget Formation Timetable 51

Table 18: Georgia – Competitive Landscape of Defense Industry, 2018 53

Figures

List of Figures

Figure 1: Georgia – Defense Expenditure (GEL Million), 2014-2023 19

Figure 2: Georgia Defense Expenditure (US$ Million), 2014-2023 19

Figure 3: Defense Expenditure, Excluding US Aid (US$ Million), 2014-2023 21

Figure 4: US Military Aid to Georgia (US$ Million), 2016-2023 21

Figure 5: Georgia – Defense Budget Excluding US Aid vs Defense Expenditure Including US Aid (US$ Million), 2014-2023 22

Figure 6: Georgia – GDP Growth vs Defense Expenditure According to Percentage of GDP Growth, 2014-2023 25

Figure 7:Georgia – Defense Budget Split by Capital and Revenue Expenditure (%), 2014-2023 27

Figure 8: Georgia – Capital Expenditure Allocated vs Total Including US Military Aid (US$ Million), 2014-2023 28

Figure 9: Georgia – Defense Capital Expenditure Excluding US Aid (GEL Million), 2014-2023 30

Figure 10: Georgia – Defense Capital Expenditure Excluding US Aid (US$ Million), 2014-2023 30

Figure 11: Georgia Per Capita Defense Expenditure (US$), 2014-2023 32

Figure 12: Georgia – Homeland Security Budget (GEL Million), 2014-2023 34

Figure 13: Georgian Homeland Security Budget (US$ Million), 2014-2023 34

Figure 14: Terrorism Heat Map, 2018 36

Figure 15: Terrorism Index, 2018 39

Figure 16: Benchmarking with Key Markets – 2014-2018 vs 2019-2023 41

Figure 17: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2018 and 2023 42

Figure 18: Defense Expenditure According to Percentage of GDP of Largest Military Spenders (%), 2018 43

Figure 19: Georgia – Defense Imports Trend (US$ Million), 2013-2017 46

Figure 20: Georgia – Defense Imports by Country (%), 2013-2017 47

Figure 21: Georgia – Defense Imports by Category (%), 2013-2017 48

Figure 22: Georgia – GDP Per Capita (US$), 2015-2025 54

Figure 23: Georgia – GDP Current Prices (US$ Billion), 2015-2025 55

Figure 24: Georgia – Export of Goods and Services (LCU Billion), 2005-2014 56

Figure 25: Georgia – Import of Goods and Services (LCU Billion), 2005-2014 57

Figure 26: Georgia – Gross National Disposable Income (US$ Billion), 2005-2013 58

Figure 27: Georgia – LCU per US$, 2015-2024 59

Figure 28: Georgia – Market Capitalization of Listed Companies (US$ Billion), 2005-2012 60

Figure 29: Georgia – Market Capitalization of Listed Companies (Percentage of GDP), 2005-2012 61

Figure 30: Georgia – Cash Surplus Deficit as (Percentage of GDP), 2008-2012 62

Figure 31: Georgia – Good Exports as a Percentage of GDP, 2005-2014 63

Figure 32: Georgia – Good Imports as a Percentage of GDP, 2005-2014 64

Figure 33: Georgia – Service Imports as a Percentage of GDP, 2005-2014 65

Figure 34: Georgia – Service Exports as a Percentage of GDP, 2005-2014 66

Figure 35: Georgia – Foreign Direct Investments (BoP, Current US$ Billion), 2005-2014 67

Figure 36: Georgia – Net Foreign Direct Investment as a Percentage of GDP, 2005-2014 68

Figure 37: Georgia – Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014 69

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