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Angolan Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024
Summary
The Angolan defense and security budget is expected to register a CAGR of 3.86% over the forecast period to reach US$1.9 billion in 2024. Angola's military and security expenditure, which stands at US$1.6 billion in 2019, declined at a CAGR of -19.07% during the historic period. In June 2014, oil prices plummeted nearly 60%, which resulted in the decline in the defense budget's growth rate during the historic period. Over the forecast period, the defense budget is anticipated to increase at a CAGR of 3.86% to reach US$1.9 billion in 2024. This is primarily attributed to the country's efforts to upgrade its military arsenal, as well as enhance its border security.
The country's capital expenditure allocation averaged 11.3% during 2015-2019 and is expected to marginally decline to average 10.9% over the forecast period. Consequently, revenue expenditure is expected to increase from an average of 88.7% during 2014-2018 to 89.1% over the forecast period, which will be directed towards additional recruitment, training, and development programs for military personnel. The capital expenditure allocation, which registered a CAGR of -22.23% during the historic period, is projected to increase at a CAGR of 4.34% over 2020-2024, primarily due to a recovery in global oil prices, which is anticipated to enable the country to finance the procurement of multirole aircraft and naval vessels.
Aircraft accounted for the majority of Angola's imports during 2014-2018, with Russia being the largest supplier. Aircraft, armored vehicles, artillery and engines were the other defense imports during 2014-2018, with Israel, Bulgaria, China and other countries including South Africa, the UK and the US being the other significant suppliers. The country does not export any arms to foreign countries, as its domestic defense industry is under-developed.
The report “Angolan Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024” 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 -
Companies mentioned - United Aircraft Corporation (UAC), Splav, Tactical Missiles Corporation, Sukhoi, KBP Instrument Design Bureau, Oboronprom Corporation
Scope
Reasons to buy
Summary
The Angolan defense and security budget is expected to register a CAGR of 3.86% over the forecast period to reach US$1.9 billion in 2024. Angola's military and security expenditure, which stands at US$1.6 billion in 2019, declined at a CAGR of -19.07% during the historic period. In June 2014, oil prices plummeted nearly 60%, which resulted in the decline in the defense budget's growth rate during the historic period. Over the forecast period, the defense budget is anticipated to increase at a CAGR of 3.86% to reach US$1.9 billion in 2024. This is primarily attributed to the country's efforts to upgrade its military arsenal, as well as enhance its border security.
The country's capital expenditure allocation averaged 11.3% during 2015-2019 and is expected to marginally decline to average 10.9% over the forecast period. Consequently, revenue expenditure is expected to increase from an average of 88.7% during 2014-2018 to 89.1% over the forecast period, which will be directed towards additional recruitment, training, and development programs for military personnel. The capital expenditure allocation, which registered a CAGR of -22.23% during the historic period, is projected to increase at a CAGR of 4.34% over 2020-2024, primarily due to a recovery in global oil prices, which is anticipated to enable the country to finance the procurement of multirole aircraft and naval vessels.
Aircraft accounted for the majority of Angola's imports during 2014-2018, with Russia being the largest supplier. Aircraft, armored vehicles, artillery and engines were the other defense imports during 2014-2018, with Israel, Bulgaria, China and other countries including South Africa, the UK and the US being the other significant suppliers. The country does not export any arms to foreign countries, as its domestic defense industry is under-developed.
The report “Angolan Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024” 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 2020-2024, 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$1.6 billion in 2019, declined at a negative CAGR of 19.07% 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 3.86% to reach US$1.9 billion in 2024.
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
Note: Product cover images may vary from those shown
1. Introduction
3. Market Attractiveness and Emerging Opportunities
4. Defense Procurement Market Dynamics
5. Market Entry Strategy
6. Competitive Landscape and Strategic Insights
7. Business Environment and Country Risk
8. Appendix
List of Tables
List of Figures
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- United Aircraft Corporation (UAC)
- Splav
- Tactical Missiles Corporation
- Sukhoi
- KBP Instrument Design Bureau
- Oboronprom Corporation
Note: Product cover images may vary from those shown
