Sep 18, 2018   SOURCE: BusinessWire

The South African Defense Industry (2018-2023): Anticipated to Register a CAGR of 4.8% Over the Forecast Period, to Reach $4.9 Billion by 2023 - ResearchAndMarkets.com

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

South African military expenditure, which stands at US$3.9 billion in 2018, declined at a CAGR of -0.62% during 2014-2018. However, it is anticipated to register a CAGR of 4.80% over the forecast period, to value US$4.9 billion in 2023.

As a percentage of GDP, the country's defense expenditure is expected to average 1.1% over the forecast period. The country is an active participant in stability and peacekeeping operations governed by the UN (United Nations), African Union, and the Southern African Development Community (SADC), and, as such, seeks higher expenditure for the defense sector.

Although the South African defense market is relatively small, many foreign companies enter the country with the aim of establishing manufacturing facilities that will cater to their global supply chain. In turn, South African companies receive technology transfers and funding for expansion and product innovation.

Saab AB, an aerospace and defense company based out of Sweden, and Rheinmetall AG, an automotive and defense company based out of Germany, are examples of foreign manufacturers that have entered into joint ventures in order to enter the South African defense market.

Furthermore, as the South African Government to replace its aging military equipment and improve border security and surveillance, which are further expected to drive defense expenditure, many foreign defense companies, such as Boeing and Thales, have entered the market by offering technologically advanced weapons as part of technology transfer agreements.

Companies Profiled

  • Denel
  • Ansys Limited
  • Reutech
  • Saab Grintek
  • IVEMA
  • Aerosud
  • Global Armour
  • Milkor (Pty) Ltd.
  • Paramount Advanced Technologies
  • Tellumat Defense

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

4. Defense Procurement Market Dynamics

5. Industry Dynamics

6. Market Entry Strategy

7. Competitive Landscape and Strategic Insights

8. Business Environment and Country Risk

For more information about this report visit https://www.researchandmarkets.com/research/gk6vvt/the_south_african?w=4