Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018

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Product Synopsis

This report is the result of SDI's extensive market and company research covering the Angolan defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape

 

Why was the report written?

The Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Angolan defense industry.

What is the current market landscape and what is changing?

The Angolan defense market, valued at US$5.8 billion in 2013, is expected to see a single digit growth rate over the forecast period, to reach US$8.7 billion by 2018. Equipment modernization and border security are expected to drive the country's military expenditure to register a growth rate of 8.54% over the forecast period. The growth in military expenditure will be supported by the country's stable economy over the forecast period, which will see rise in defense expenditure as a percentage of GDP from 4.6% in 2013, to 5.0% in 2018. Angola's capital defense expenditure is expected to increase from US$0.5 billion in 2013 to US$0.8 billion by 2018, while its share in total expenditure is expected to grow from an average of 4.4% during the review period, to 9.4% over the forecast period. Defense equipment such as fighter and multi-role warplanes, helicopters, and patrol vessels are expected to be in high demand over the forecast period. The under developed domestic defense industry and low budget drive the Angolan government to procure from countries that supply low-cost defense equipment. 

 

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Future of the Omani Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018

 

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Omani defense expenditure is estimated to post a healthy growth rate of 6.76% to reach US$13 billion by 2018. The country's cumulative expenditure on the procurement of advanced military hardware is projected to be US$11.0 billion over the next five years, creating opportunities for suppliers and OEMs. The under developed domestic industry propels the government to import the required defense equipment from overseas companies, which can gain access to the Omani market either through direct contracts or by attaching themselves to defense deals signed between the country and respective government. Fighter jets, missiles, air defense systems, and communication equipment are the most sought after categories by the Omani government.

What are the key drivers behind recent market changes?

Although Angola faces relatively low threats of external aggression, there are several factors that will stimulate the country's defense expenditure in the coming years. Angolan military expenditure is expected to be mainly driven by its efforts to contain oil thefts and smuggling, as well as illegal immigration and human trafficking. Additionally, military modernization initiatives are expected to further increase the country's defense expenditure.

What makes this report unique and essential to read?

The Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits

• The report provides detailed analysis of the current industry size and growth expectations from 2014to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
• The report includes trend analysis of imports and exports, together with their implications and impact on the Angolan defense industry.
• The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
• The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
• The report helps the reader to understand the competitive landscape of the defense industry in Angola. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

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Key Market Issues

• Emerging from almost three decades of domestic dispute and instability, one of the prime challenges that Angola encounters is that of a weak government, and large-scale corruption at all levels of the economy. According to the Corruption Perceptions Index 2012 of Transparency International, Angola is classified as a highly corrupt country. Corruption has manifested itself in various forms ranging from bureaucratic and political affairs, misappropriation of public resources to fraud transactions related to state assets.
• Although the defense budget of Angola stands at US$5.8 billion in 2013, the government invests only 9.1% of its budget for capital expenditure. During the review period, an average of 4.4% of the defense budget was allocated for capital expenditure, representing a relatively low allocation for the purchase of equipment and high-technology arms and ammunition. Although the allocation is expected to increase to 9.4% over the forecast period, it remains highly inadequate for the procurement of high-tech defense equipment.  As a result, the country's relatively small defense budget does not attract foreign defense companies, and the prohibition of FDI in the defense sector also acts as a barrier for market entry for foreign suppliers.

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Key Highlights

• The country's civil war that lasted 27 years has necessitated the initiation of a military modernization program, to cater to the growing needs for one of the biggest militaries on the African continent. Over the years, the Angolan army has failed to maintain its existing arsenal of weapons, which have now deteriorated and are not fit for use in combat conditions. Additionally, the country has largely neglected the importance of a strong naval unit in the past, as it did not procure any advanced equipment for its navy. This was primarily because the government trimmed the number of naval officers considerably, leading to the shortage of skill and expertise needed to operate the advanced naval equipment. However, the government has now begun to show renewed focus to revive its navy's capabilities, in order to offer enhanced protection to its vast stretching western coastline. These have triggered an equipment modernization program that includes the procurement of combat aircraft, unmanned aerial vehicles and other advanced arms over the forecast period.
• Angola carries a long history of internal conflicts which has marred its economic growth and stability. The civil war - a struggle for power between the Movement for the Liberation of Angola (MPLA), the National Liberation Front of Angola (FNLA) and the National Union for the Total Independence of Angola (UNITA) - lasted for 27 years, ending in 2002 and has destroyed the basic infrastructure of the nation including roads, railways, and bridges. Although the country has made immense progress in terms of political and economic stability, tension still exists within the nation, and there are even reports of occasional attacks against the police and Angolan Armed Forces (FAA) convoys. To handle such unstable situations, the Angolan government maintains a paramilitary force that works towards establishing law and order, protecting private and public property, increasing detection, prevention and investigation of crimes within the country. Angola is expected to modernize its paramilitary force to enable them to handle threats posed by the internal conflicts armed with sophisticated equipment.
• Following the end of the civil war in 2002, Angola imported a fair amount of military hardware until 2009. Moldova stood as the prime supplier to the country, during this period, and aircraft accounted as the major imported item. However, extending from 2010 to 2013, no imports were recorded for Angola. During the forecast period, a present scenario is expected to change owing to the government's steps to modernize its armed forces. As a result, the company is expected to import defense equipment such as aircraft, helicopters, tanks and small weapons.

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