Oct 16, 2018   SOURCE: BusinessWire

Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023 - ResearchAndMarkets.com

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

"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.

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

2. Executive Summary

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

Companies Mentioned

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

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