Angola Defense Industry Report 2019-2023

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Oct 16, 2018, 16:15 ET

DUBLIN, Oct. 16, 2018 /PRNewswire/ --

The "Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.

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.

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.

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.

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.

Key Topics Covered:

1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About the Publisher

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Conditions
3.1.1. Military Fleet Size
3.1.2. Procurement Programs
3.1.3. Key Drivers and Challenges
3.2. Defense and Security Market Size Historical and Forecast
3.2.1. Angolan defense and security budget is expected to surge at a CAGR of 7.24% over the forecast period
3.2.2. Equipment modernization is expected to drive defense expenditure
3.2.3. Defense budget as a percentage of GDP expected to grow at the stable rate during the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure share of the defense budget to increase over the forecast period
3.3.2. Capital expenditure budget expected to increase during the forecast period
3.3.3. Per-capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Domestic security to drive expenditure for homeland protection
3.4.2. Angola comes under the some risk' category of terrorist attack
3.4.3. Angola faces some risk from acts of terrorism
3.4.4. Angola has a terrorism index score of 0.2
3.5. Benchmarking with Key Global Markets
3.5.1. The country's defense budget is expected to remain modest over the forecast period
3.5.2. Angolan military expenditure is limited when compared to countries with the largest defense expenditure
3.5.3. Angola allocates a modest percentage of GDP to defense
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Imports into Angola expected to increase over the forecast period
4.1.2. Russia supplied the majority of defense equipment to Angola during the historic period
4.1.3. Aircraft were the major defense import during the historic period
4.2. Export Market Dynamics
4.2.1. Angola does not export arms due to its under-developed domestic arms industry

5. Industry Dynamics
5.1. Market Regulation
5.1.1. Angola does not disclose any offset obligations imposed by the country
5.1.2. FDI in defense sector prohibited by the Angolan Government
5.1.3. Budgeting Process
5.1.4. Procurement Policy and Process
5.2. Market Entry Route
5.2.1. Direct selling is the preferred market entry route for foreign OEMs

6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview

7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. Gross Domestic per Capita
7.1.2. Gross Domestic Product, current US$
7.1.3. Exports of Goods and Services
7.1.4. Imports of Goods and Services
7.1.5. Local Currency Unit per US$
7.1.6. Government cash surplus/deficit as % of GDP (LCU)
7.1.7. Goods Exports as a % of GDP
7.1.8. Goods Imports as a % of GDP
7.1.9. Services Imports as a % of GDP
7.1.10. Services Exports as a % of GDP
7.1.11. Net Foreign Direct Investment
7.1.12. Net FDI as a percentage of GDP
7.1.13. Mining, Manufacturing, Utilities Output (LCU Billion)

8. Appendix

Companies Mentioned

United Aircraft Corporation (UAC)
Splav
Tactical Missiles Corporation
Sukhoi
KBP Instrument Design Bureau
Oboronprom Corporation

For more information about this report visit https://www.researchandmarkets.com/research/2jdh3z/angola_defense?w=5

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