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Future of the Nigerian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020

  • ID: 3336271
  • July 2015
  • Region: Nigeria
  • 102 Pages
  • Strategic Defence Intelligence
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The Future of the Nigerian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020 provides readers with a 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.

Key Findings

- With a defense budget of US$2.0 billion in 2015, 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$0.23 billion in 2015 to US$0.3 billion in 2020, growing at a strong CAGR of 4.60% during the forecast period

- The government is expected to procure multi-role aircraft, attack 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 READ MORE >

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1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. SDI 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 3.89% 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 0.4% over the forecast period
3.2. Analysis of Defense Budget Allocation
3.2.1. Allocation for capital expenditure expected to average at 11.7% over the forecast period
3.2.2. Capital expenditure budget expected to grow at 4.60% 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 3.72% over the forecast period
3.2.5. Naval expenditure to grow at a CAGR of 3.70% 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 falls under the 'worst affected category' by terrorist attack
3.3.4. Nigeria experienced extreme terror activity during the historic period
3.4. Benchmarking with Key Global Markets
3.4.1. The country's defense budget is expected to increase during the forecast period
3.4.2. Nigerian military expenditure is limited compared to countries with the largest defense expenditure ..... 50
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. Attack Helicopters
3.5.3. C2/C4ISR

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Limited capability of the 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 underdeveloped 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 to high
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 the 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

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

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