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Future of the Nigerian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019 Product Image Special Offer Sale Banner

Future of the Nigerian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019

  • ID: 2932968
  • August 2014
  • Region: Nigeria
  • 102 Pages
  • Strategic Defence Intelligence
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This report provides readers with a detailed analysis of both historic and forecast Nigerian defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

- With a defense budget of US$2.2 billion in 2014, Nigeria is currently an attractive military spender in the African region
- Insurgency, Piracy, Oil smuggling and peacekeeping operations are factors driving military expenditure
- The country’s capital expenditure is expected to increase from US$0.2 billion in 2014 to US$0.4 billion in 2019, growing at a strong CAGR of 8.11% during the forecast period
- The Nigerian government is expected to procure multi-role aircraft, marine helicopters, patrol vessels, armored personnel carriers, and other surveillance equipment

Synopsis

This report offers detailed analysis of the Nigerian 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: READ MORE >

Note: Product cover images may vary from those shown

1 Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. Terrorism Index
1.5. About Strategic Defence Intelligence

2 Executive Summary

3 Market Attractiveness and Emerging Opportunities
3.1. Defense Market Size Historical and Forecast
3.1.1. Defense expenditure is projected to grow at a CAGR of 7.99% during the forecast period
3.1.2. Insurgency, Piracy, Oil smuggling and peacekeeping operations are expected to drive defense expenditure
3.1.3. Defense budget as a percentage of GDP expected to average 0.7% over the forecast period
3.2. Analysis of Defense Budget Allocation
3.2.1. Allocation for capital expenditure expected to average at 12% over the forecast period
3.2.2. Capital expenditure budget expected to grow at 8.11% over the forecast period
3.2.3. Allocation for the army accounts for the majority of the defense budget
3.2.4. Army expenditure to grow at a CAGR 8.09% over the forecast period
3.2.5. Naval expenditure to grow at a CAGR of 8.10% over the forecast period
3.2.6. Expenditure on the air force to increase during the forecast period
3.2.7. Per-capita defense expenditure expected to increase during the forecast period
3.3. Homeland Security Market Size and Forecast
3.3.1. Homeland security budget projected to increase during the forecast period
3.3.2. The threat from Boko Haram, drug trafficking, cybercrime, and money laundering to drive the homeland security market
3.3.3. Nigeria comes under 'moderately affected category' by terrorist attack
3.3.4. Nigeria experienced moderate terror activity during the review period
3.4. Benchmarking with Key Global Markets
3.4.1. The country's defense budget expected to increase during the forecast period
3.4.2. Nigerian military expenditure is limited compared to countries with the largest defense expenditure
3.4.3. The country allocates a lower percentage of GDP to defense
3.5. Market Opportunities: Key Trends and Growth Stimulators
3.5.1. Fighters and Multi-role Aircraft
3.5.2. Marine Helicopters
3.5.3. C2/C4ISR
3.5.4. Armored Vehicles

4 Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Limited defense capability of domestic defense market drives imports
4.1.2. Defense imports expected to increase during the forecast period
4.1.3. China, the US and Italy account for the majority of the country's defense imports
4.1.4. Aircraft and ships are the largest imported military hardware
4.2. Export Market Dynamics
4.2.1. Nigeria does not export arms due to its under-developed domestic arms industry

5 Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining power of supplier: low to medium
5.1.2. Bargaining power of buyer: medium
5.1.3. Barrier to entry: medium
5.1.4. Intensity of rivalry: low
5.1.5. Threat of substitution: low

6 Market Entry Strategy
6.1. Market Regulation
6.1.1. Nigeria does not disclose any offset obligations imposed by the country
6.1.2. FDI in defense sector prohibited by the Nigerian government
6.2. Market Entry Route
6.2.1. Direct selling is the preferred market entry route for foreign OEMs
6.3. Key Challenges
6.3.1. Corruption acts as an obstacle for market entry
6.3.2. Small defense budget does not attract suppliers

7 Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Domestic Companies
7.2.1. Defence Industries Corporation of Nigeria: overview
7.2.2. Defence Industries Corporation of Nigeria: products and services
7.2.3. Defence Industries Corporation of Nigeria: recent announcements and strategic initiatives
7.2.4. Defence Industries Corporation of Nigeria: alliances
7.2.5. Defence Industries Corporation of Nigeria: recent contract awards
7.2.6. Dornier Aviation Nigeria AIEP Limited: overview
7.2.7. Dornier Aviation Nigeria AIEP Limited: products and services

8 Business Environment and Country Risk
8.1. Demographics and Social Statistics
8.1.1. Population - Rural
8.1.2. Population - Urban
8.1.3. Population - Number of Households
8.2. Economic Performance
8.2.1. Gross Domestic per Capita
8.2.2. Gross Domestic Product, current US$
8.2.3. Exports of Goods and Services
8.2.4. Imports of Goods and Services
8.2.5. Gross National disposable income (USD Bn)
8.2.6. Manufacturing Output
8.2.7. Consumer Price Index
8.2.8. Local Currency Unit per US$
8.2.9. Local Currency Unit per EUR
8.2.10. Lending Rate (%)
8.2.11. Deposit Rate (%)
8.2.12. Real Interest Rate (%)
8.2.13. Market capitalization of listed companies (USD Bn)
8.2.14. Goods Exports as a % of GDP
8.2.15. Goods Imports as a % of GDP
8.2.16. Goods Trade Surplus/Deficit as a % of GDP
8.2.17. Services Imports as a % of GDP
8.2.18. Services Exports as a % of GDP
8.2.19. Services trade surplus/deficit as a % of GDP
8.2.20. Net Foreign Direct Investment
8.2.21. Net FDI as a percentage of GDP
8.2.22. International reserves, including Gold
8.3. Energy and Utilities
8.3.1. Total Conventional Thermal Electricity Net Generation
8.3.2. Hydroelectricity Net Generation
8.3.3. Total Conventional Thermal Electricity Installed Capacity
8.3.4. Proved Reserves of Natural Gas (Trillion Cubic Feet)
8.3.5. Total Petroleum Consumption
8.3.6. Crude Oil Proved Reserves (Billion Barrels)
8.4. Telecommunication
8.4.1. Telephone lines

9 Appendix
9.1. About the publisher
9.2. Disclaimer

List of Tables:
Table 1: Nigerian Defense Expenditure (in US$ Bn), 2010-2014
Table 2: Nigerian Defense Expenditure (in US$ Bn), 2015-2019
Table 3: Nigerian Defense Expenditure (in NGN Bn), 2010-2014
Table 4: Nigerian Defense Expenditure (in NGN Bn), 2015-2019
Table 5: Nigerian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2010-2014
Table 6: Nigerian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2015-2019
Table 7: Nigerian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth (in Local Currency Terms), 2010-2014
Table 8: Nigerian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth (in Local Currency Terms), 2015-2019
Table 9: Nigerian Defense Budget Split between Capital and Revenue Expenditure (%), 2010-2014
Table 10: Nigerian Defense Budget Split between Capital and Revenue Expenditure (%), 2015-2019
Table 11: Nigerian Capital Budget Allocation (US$ Billion), 2010-2014
Table 12: Nigerian Capital Budget Allocation (US$ billion), 2015-2019
Table 13: Nigerian Capital Budget Allocation (NGN Billion), 2010-2014
Table 14: Nigerian Capital Budget Allocation (NGN billion), 2015-2019
Table 15: Nigerian Defense budget Split between Army, Air Force, Navy, and others, 2010-2014
Table 16: Nigerian Defense budget Split between Army, Air Force, Navy, and Others, 2015-2019
Table 17: Nigerian Expenditure on Army (US$ Billion), 2010-2014
Table 18: Nigerian Expenditure on Army (US$ Billion), 2015-2019
Table 19: Nigerian Expenditure on Navy (US$ Billion), 2010-2014
Table 20: Nigerian Expenditure on Navy (US$ Billion), 2015-2019
Table 21: Nigerian Expenditure on Air Force (US$ Billion), 2010-2014
Table 22: Nigerian Expenditure on Air Force (US$ Billion), 2015-2019
Table 23: Nigerian Per-Capita Defense Expenditure (US$), 2010-2014
Table 24: Nigerian Per-Capita Defense Expenditure (US$), 2015-2019
Table 25: Nigerian Homeland Security Budget (US$ billion), 2010-2014
Table 26: Nigerian Homeland Security Budget (US$ billion), 2015-2019
Table 27: SDI Terrorism Index
Table 28: Benchmarking with Key Markets - 2010-2014 vs. 2015-2019
Table 29: Defence Industries Corporation of Nigeria - Main Products
Table 30: Defence Industries Corporation of Nigeria: Alliances
Table 31: Defence Industries Corporation of Nigeria: Recent Contract Awards
Table 32: Dornier Aviation Nigeria AIEP Limited - Main Services

List of Figures:
Figure 1: Nigerian Defense Expenditure (in US$ Bn), 2010-2014
Figure 2: Nigerian Defense Expenditure (in US$ Bn), 2015-2019
Figure 3: Nigerian Defense Expenditure (in NGN Bn), 2010-2014
Figure 4: Nigerian Defense Expenditure (in NGN Bn), 2015-2019
Figure 5: Nigerian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2010-2014
Figure 6: Nigerian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2015-2019
Figure 7: Nigerian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth (in Local Currency Terms), 2010-2014
Figure 8: Nigerian GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth (in Local Currency Terms), 2015-2019
Figure 9: Nigerian Defense Budget Split Between Capital and Revenue Expenditure (%), 2010-2014
Figure 10: Nigerian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2019
Figure 11: Nigerian Capital Budget Allocation (US$ Billion), 2010-2014
Figure 12: Nigerian Capital Budget Allocation (US$ billion), 2015-2019
Figure 13: Nigerian Capital Budget Allocation (NGN million), 2010-2014
Figure 14: Nigerian Capital Budget Allocation (NGN billion), 2015-2019
Figure 15: Nigerian Defense budget Split between Army, Air Force, Navy, and others, 2010-2014
Figure 16: Nigerian Defense budget Split between Army, Air Force, Navy, and Others, 2015-2019
Figure 17: Nigerian Expenditure on Army (US$ Billion), 2010-2014
Figure 18: Nigerian Expenditure on Army (US$ Billion), 2015-2019
Figure 19: Nigerian Expenditure on Navy (US$ Billion), 2010-2014
Figure 20: Nigerian Expenditure on Navy (US$ Billion), 2015-2019
Figure 21: Nigerian Expenditure on Air Force (US$ Billion), 2010-2014
Figure 22: Nigerian Expenditure on Air Force (US$ Billion), 2015-2019
Figure 23: Nigerian Per-Capita Defense Expenditure (US$), 2010-2014
Figure 24: Nigerian Per-Capita Defense Expenditure (US$), 2015-2019
Figure 25: Nigerian Homeland Security Budget (US$ billion), 2010-2014
Figure 26: Nigerian Homeland Security Budget (US$ billion), 2015-2019
Figure 27: SDI Terrorism Heat Map, 2014
Figure 28: SDI Terrorism Index, 2013
Figure 29: Benchmarking with Key Markets - 2010-2014 vs. 2015-2019
Figure 30: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2014 and 2019
Figure 31: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2014
Figure 32: Fighters and Multi-role Aircraft Market Size (US$ Million), 2014- 2024
Figure 33: Marine Helicopters Market Size (US$ Million), 2014- 2024
Figure 34: C2/C4ISR Market Size (US$ Million), 2014- 2024
Figure 35: APC and MRAP Market Size (US$ Million), 2014- 2024
Figure 36: Nigerian Defense Import Trend, 2009-2013 (TIV values)
Figure 37: Nigerian Defense Imports by Country (US$ Million), 2009-2013
Figure 38: Nigerian Defense Imports by Category (%),2009-2013
Figure 39: Industry Dynamics - Porter's Five Forces Analysis
Figure 40: Nigeria's Population - Rural (In Millions), 2014-2024
Figure 41: Nigeria's Population - Urban (In Millions), 2014-2024
Figure 42: Nigeria's Population - Number of Households (In Millions), 2008-2017
Figure 43: Nigeria's GDP per capita, 2014-2024
Figure 44: Nigeria's Gross Domestic Product (current US$ Billion), 2008-2017
Figure 45: Nigeria's Exports of goods and services (current US$ Billion), 2002-2011
Figure 46: Nigeria's Imports of goods and services (current US$ Billion), 2002-2011
Figure 47: Nigeria's Gross National disposable income (US$ Bn), 2002-2011
Figure 48: Nigeria's Manufacturing Output (US$ Billion), 2002-2011
Figure 49: Nigeria's Consumer Price Index, 2014-2024
Figure 50: Nigeria's LCU per US$, 2014-2024
Figure 51: Nigeria's LCU per EUR, 2014-2024
Figure 52: Nigeria's Lending Rate (%), 2003-2012
Figure 53: Nigeria's Deposit Rate (%),2003-2012
Figure 54: Nigeria's Real Interest Rate (%),2003-2012
Figure 55: Nigeria's Market capitalization of listed companies (USD Bn), 2003-2012
Figure 56: Nigeria's Goods Exports as a % of GDP, 2002-2011
Figure 57: Nigeria's Goods Imports as a % of GDP, 2002-2011
Figure 58: Nigeria's Goods Trade Surplus/Deficit as a % of GDP, 2002-2011
Figure 59: Nigeria's Services Imports as a % of GDP, 2002-2011
Figure 60: Nigeria's Services Exports as a % of GDP, 2002-2011
Figure 61: Nigeria's Services trade surplus/deficit as a % of GDP, 2002-2011
Figure 62: Nigeria's Net Foreign Direct Investment (current US$ Billion), 2002-2011
Figure 63: Nigeria's Net FDI as a percentage of GDP, 2002-2011
Figure 64: Nigeria's International reserves, including Gold (US$ Billion), 2002-2011
Figure 65: Nigeria's Total Conventional Thermal Electricity Net Generation (Billion Kilowatt Hours), 2001-2010
Figure 66: Nigeria's Hydroelectricity Net Generation (Billion KWH), 2001-2010
Figure 67: Nigeria's Total Conventional Thermal Electricity Installed Capacity (Million
Figure 68: Nigeria's Proved Reserves of Natural Gas (Trillion Cubic Feet), 2004-2013
Figure 69: Nigeria's Total Petroleum Consumption (Thousand Barrels per Day), 2003-2012
Figure 70: Nigeria's Crude Oil Proved Reserves (Billion Barrels), 2004-2013
Figure 71: Nigeria's Telephone lines, 2002-2011

Note: Product cover images may vary from those shown

- Dornier Aviation Nigeria AIEP Limited (DANA) and Defence Industries Corporation of Nigeria (DICON)

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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