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

Research By Markets adds Market Research Report - Bulgarian Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024

For detailed information: https://www.researchbymarkets.com/report/bulgarian-defense-market-attractiveness-competitive-landscape-and-forecasts-to-2024-372801.html

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

Summary

Bulgarian Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024 , published, 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 US$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 US$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 US$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

Companies Mentioned:
Airbus Helicopters
Textron Marine & Land Systems
Leonardo
Rolls-Royce plc


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