Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023
Summary
Angola’s capital expenditure allocation averaged 11.1% during 2014-2018 and is expected to marginally decline over the forecast period. Consequently, the revenue expenditure is expected to increase, which will be directed towards additional recruitment, training, and development programs for military personnel. The capital expenditure allocation, is projected to increase at a CAGR of 7.36% over 2019-2023, primarily due to recovery in global oil prices which is anticipated to enable the country to finance procurement of multi-role aircraft and naval vessels.
Angola’s military and security expenditure, which stands at US$2.6 billion in 2018, declined at a negative CAGR of 20.12% 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 during the historic period. Over the forecast period, the defense budget is anticipated to increase at a CAGR of 7.24% to reach US$3.7 billion in 2023.
This is primarily attributed to the country’s efforts to upgrade its military arsenal, as well as enhance its border security. The growth in the spending of internal security will be primarily driven by the need to protect the country from internal disturbances, as well as the growing threats from human and drug trafficking. In order to counter these threats, the country is expected to invest in surveillance and intelligence technologies such as electronic identification documents, automated border crossing systems, and CCTV (closed circuit television) systems.
The report "Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" 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:
- Market Size and Drivers: detailed analysis of the Angolan defense industry during 2019-2023, 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.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
- Market Opportunities: list of the top ten defense investment opportunities over the next 5 years.
- Competitive Landscape and Strategic Insights: analysis of the competitive landscape of the Angolan defense industry.
Companies Mentioned: United Aircraft Corporation (UAC), Splav, Tactical Missiles Corporation, Sukhoi, KBP Instrument Design Bureau, Oboronprom Corporation
Scope
Reasons to buy
Summary
Angola’s capital expenditure allocation averaged 11.1% during 2014-2018 and is expected to marginally decline over the forecast period. Consequently, the revenue expenditure is expected to increase, which will be directed towards additional recruitment, training, and development programs for military personnel. The capital expenditure allocation, is projected to increase at a CAGR of 7.36% over 2019-2023, primarily due to recovery in global oil prices which is anticipated to enable the country to finance procurement of multi-role aircraft and naval vessels.
Angola’s military and security expenditure, which stands at US$2.6 billion in 2018, declined at a negative CAGR of 20.12% 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 during the historic period. Over the forecast period, the defense budget is anticipated to increase at a CAGR of 7.24% to reach US$3.7 billion in 2023.
This is primarily attributed to the country’s efforts to upgrade its military arsenal, as well as enhance its border security. The growth in the spending of internal security will be primarily driven by the need to protect the country from internal disturbances, as well as the growing threats from human and drug trafficking. In order to counter these threats, the country is expected to invest in surveillance and intelligence technologies such as electronic identification documents, automated border crossing systems, and CCTV (closed circuit television) systems.
The report "Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" 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:
- Market Size and Drivers: detailed analysis of the Angolan defense industry during 2019-2023, 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.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
- Market Opportunities: list of the top ten defense investment opportunities over the next 5 years.
- Competitive Landscape and Strategic Insights: analysis of the competitive landscape of the Angolan defense industry.
Companies Mentioned: United Aircraft Corporation (UAC), Splav, Tactical Missiles Corporation, Sukhoi, KBP Instrument Design Bureau, Oboronprom Corporation
Scope
- Angola’s military and security expenditure, which stands at US$2.6 billion in 2018, declined at a negative CAGR of 20.12% 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 during the historic period. - Over the forecast period, the defense budget is anticipated to increase at a CAGR of 7.24% to reach US$3.7 billion in 2023.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Angolan 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
- Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the Angolan defense industry covering sections including demand drivers, Key Trends, and latest industry contracts
Table of Contents
1. Introduction
3. Market Attractiveness and Emerging Opportunities
4. Defense Procurement Market Dynamics
5. Industry Dynamics
6. Competitive Landscape and Strategic Insights
7. Business Environment and Country Risk
8. Appendix
List of Tables
List of Figures
Samples
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Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- United Aircraft Corporation (UAC)
- Splav
- Tactical Missiles Corporation
- Sukhoi
- KBP Instrument Design Bureau
- Oboronprom Corporation
Methodology
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