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Defense Spending in South Africa - Market Summary, Competitive Analysis and Forecast to 2025

  • ID: 5503276
  • Report
  • September 2021
  • Region: Africa, South Africa
  • 39 Pages
  • MarketLine
1h Free Analyst Time
1h Free Analyst Time

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FEATURED COMPANIES

  • BAE Systems Inc
  • Damen Shipyards Group
  • Denel SOC Ltd
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

Defense Spending in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.



Key Highlights


  • Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces, including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces, defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans' benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
  • The South African defense spending market had total budget allocation of $3.2bn in 2020, representing a compound annual growth rate (CAGR) of 2.6% between 2016 and 2020.
  • Market consumption volume increased with a CAGR of 2.4% between 2016 and 2020, to reach a total of 65,000 active serving personnel in 2020.
  • A 5.59% fall in South African military spending caused a 1% decline in the market in 2018. Despite this, the market has grown consistently during the past five years.

Scope


  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the defense spending market in South Africa
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the defense spending market in South Africa
  • Leading company profiles reveal details of key defense spending market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Africa defense spending market with five year forecasts by both value and volume

Reasons to Buy


  • What was the size of the South Africa defense spending market by value in 2020?
  • What will be the size of the South Africa defense spending market in 2025?
  • What factors are affecting the strength of competition in the South Africa defense spending market?
  • How has the market performed over the last five years?
  • Who are the top competitors in South Africa's defense spending market?
Frequently Asked Questions about the Defense Spending Market in South Africa

What is the estimated value of the Defense Spending Market in South Africa?

The Defense Spending Market in South Africa was estimated to be valued at $3.2 Billion in 2020.

What is the growth rate of the Defense Spending Market in South Africa?

The growth rate of the Defense Spending Market in South Africa is 3.6%, with an estimated value of $3.8 Billion by 2025.

What is the forecasted size of the Defense Spending Market in South Africa?

The Defense Spending Market in South Africa is estimated to be worth $3.8 Billion by 2025.

Who are the key companies in the Defense Spending Market in South Africa?

Key companies in the Defense Spending Market in South Africa include Denel SOC Ltd, Damen Shipyards Group and Lockheed Martin Aeronautics Company.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BAE Systems Inc
  • Damen Shipyards Group
  • Denel SOC Ltd

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. Are there any other notable players present?
7.4. What are the strengths of leading players?
7.5. Have there been any significant contract wins in recent years?
8 Company Profiles
8.1. Denel SOC Ltd
8.2. Damen Shipyards Group
8.3. BAE Systems Inc
8.4. Lockheed Martin Aeronautics Company
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher
List of Tables
Table 1: South Africa defense spending market value: $ million, 2016-20
Table 2: South Africa defense spending market volume: active serving personnel, 2016-20
Table 3: South Africa defense spending market category segmentation: $ million, 2020
Table 4: South Africa defense spending market geography segmentation: $ million, 2020
Table 5: South Africa defense spending market value forecast: $ million, 2020-25
Table 6: South Africa defense spending market volume forecast: active serving personnel, 2020-25
Table 7: Denel SOC Ltd: key facts
Table 8: Denel SOC Ltd: Key Employees
Table 9: Damen Shipyards Group: key facts
Table 10: Damen Shipyards Group: Key Employees
Table 11: BAE Systems Inc: key facts
Table 12: BAE Systems Inc: Key Employees
Table 13: BAE Systems Inc: Key Employees Continued
Table 14: Lockheed Martin Aeronautics Company: key facts
Table 15: Lockheed Martin Aeronautics Company: Key Employees
Table 16: South Africa size of population (million), 2016-20
Table 17: South Africa gdp (constant 2005 prices, $ billion), 2016-20
Table 18: South Africa gdp (current prices, $ billion), 2016-20
Table 19: South Africa inflation, 2016-20
Table 20: South Africa consumer price index (absolute), 2016-20
Table 21: South Africa exchange rate, 2016-20
List of Figures
Figure 1: South Africa defense spending market value: $ million, 2016-20
Figure 2: South Africa defense spending market volume: active serving personnel, 2016-20
Figure 3: South Africa defense spending market category segmentation: % share, by value, 2020
Figure 4: South Africa defense spending market geography segmentation: % share, by value, 2020
Figure 5: South Africa defense spending market value forecast: $ million, 2020-25
Figure 6: South Africa defense spending market volume forecast: active serving personnel, 2020-25
Figure 7: Forces driving competition in the defense spending market in South Africa, 2020
Figure 8: Drivers of buyer power in the defense spending market in South Africa, 2020
Figure 9: Drivers of supplier power in the defense spending market in South Africa, 2020
Figure 10: Factors influencing the likelihood of new entrants in the defense spending market in South Africa, 2020
Figure 11: Factors influencing the threat of substitutes in the defense spending market in South Africa, 2020
Figure 12: Drivers of degree of rivalry in the defense spending market in South Africa, 2020
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Denel SOC Ltd
  • Damen Shipyards Group
  • BAE Systems Inc
  • Lockheed Martin Aeronautics Company
Note: Product cover images may vary from those shown