Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022
LONDON, Nov. 29, 2017 /PRNewswire/ --
Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022
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Summary
Angola's military expenditure, declined at a CAGR of -16.98% during the historic period. In June 2014, oil prices have plummeted nearly 60% which resulted in the decline in the growth rate of defense budget Over the forecast period, the defense budget is anticipated to increase at a CAGR of 5.60% to reach US$3.8 Billion in 2022. This is primarily attributed to the country's efforts to upgrade its military arsenal, as well as enhance its border security.
Capital expenditure allocation, which registered a CAGR of -13.57% during the historic period, is projected to increase at a CAGR of 5.27% during 2018-2022, primarily due to the country's procurement of multi-role aircraft and naval vessels. Angola's homeland security (HLS) expenditure valued US$2.9 Billion in 2017. Moreover, HLS expenditure is estimated to record a CAGR of 4.80% during the forecast period.
Aircraft accounted for the largest share of imports during 2012-2016, with Russia being the biggest supplier. The country is also anticipated to procure Principe de Asturias, the recently decommissioned Spanish aircraft carrier, over the forecast period. Other significant import partners include Brazil, Bulgaria, Belarus, South Africa, Canada and Italy.
The report "Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" offers detailed analysis of the Angolan 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 Angolan defense industry market size and drivers: Detailed analysis of the Angolan defense industry during 2018-2022, 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 Angolan 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 over the next 10 years.
- Competitive landscape and strategic insights: Analysis of the competitive landscape of the Angolan defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
Companies mentioned in this report: Sukhoi, KBP Instrument Design Bureau and Oboronprom Corporation.
Scope
- The defense budget of Angola for the year 2017 is US$2.9 billion. For the historic period, 2013-2017, the defense budget of the country registered a CAGR of -16.98%. The defense budget is currently being driven by efforts to modernize the army, threats from terrorist organizations, and tensions in the South China Sea.
- During the historic period, the Angola MoD allocated an average of 9.7% of the total defense budget to capital expenditure, while an average of 90.3% was reserved for revenue expenditure. Over the forecast period, allocation towards capital expenditure is expected to increase at an average of 9.8%.
- The MoD is expected to invest in multi-role aircraft and naval vessels.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Angola 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 Angola defense industry covering sections including demand drivers, Porter's Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts
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