Bulgaria – FY 2020 Defense Budget Analysis, Competitive Landscape and Forecasts

Bulgaria – FY 2020 Defense Budget Analysis, Competitive Landscape and Forecasts



Summary



Bulgaria – FY 2020 Defense Budget Analysis, Competitive Landscape and Forecasts, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand and an analysis of industry leading companies.



This report offers detailed analysis of the Bulgarian defense market with forecasts covering the next five years. This report will also analyze factors that influence demand for the market, key market trends, and challenges faced by industry participants.



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

– The Bulgarian defense 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 procurement, Operations & Maintenance (O&M) and others expenditure.

– Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years



Scope



– Bulgaria’s overall defense budget for Fiscal Year (FY) 2020 is US$1.1 billion. Since, the collapse of the Soviet Union in 1991 Bulgaria has been a strong Western ally, joining NATO, the EU, and the UN.

– In order to fulfill its international commitments and counter the growing threat of Russia, Bulgaria has been steadily increasing its defense spending.

– Between FY2016 and FY2024, the total defense budget will rise from US$0.6 billion to US$1.6 billion, which is an increase of 145%.

– Currently the acquisition budget accounts for 29.6% of total defense spending, which equates to US$326 million in FY2020. This is a significant amount for Bulgaria to spend on the procurement and development of defense platforms.



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 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 the expected investment pattern by the country during the forecast period




Ritesh Tiwari is the Founder of Research By Markets. He has more than 7 years experience in the Market Research industry and a total experience spanning 18+ years. His core experience is in Sales and International Recruitments. Ritesh is a big foodie and a huge football fan, supporting Manchester United (EPL) and FC Barcelona (La Liga). He hardly misses watching any matches when these teams are playing. Get in touch with Ritesh via: enquiry@researchbymarkets.com *Industry Press Release is a part of Research By Markets.