Azerbaijani Defense Industry Future, Market Attractiveness, Competitive Landscape, and Forecasts to 2020: Researchmoz.us
The Azerbaijani defense and security budget registered a growth rate of 8.52% in the last five years and is estimated to grow at a CAGR of 8.41%, to value US$5.4 billion by 2020. This will be primarily driven by strong economic growth fuelled by robust energy exports and the country's desire to invest significantly in enhancing its indigenous manufacturing capabilities.
View full press release