Summary
The Future of the Angolan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023, published by Strategic Defence Intelligence, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.
Synopsis
This report 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.
In particular, it provides an in-depth analysis of the following:
- The Angolan defense industry 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.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Angolan defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the Angolan defense industry covering sections including demand drivers, Key Trends , and latest industry contracts
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Table of Contents
1. Introduction 6
1.1. What is this Report About? 6
1.2. Definitions 6
1.3. Summary Methodology 8
1.4. About Strategic Defence Intelligence 10
2. Executive Summary 11
3. Market Attractiveness and Emerging Opportunities 12
3.1. Current Market Conditions 13
3.1.1. Military Fleet Size 13
3.1.2. Procurement Programs 17
3.1.3. Key Drivers and Challenges 18
3.2. Defense and Security Market Size Historical and Forecast 20
3.2.1. Angolan defense and security budget is expected to surge at a CAGR of 7.24% over the forecast period………………………………………………………………………………………………………………………20
3.2.2. Equipment modernization is expected to drive defense expenditure 23
3.2.3. Defense budget as a percentage of GDP expected to grow at the stable rate during the forecast period 24
3.3. Analysis of Defense Budget Allocation 26
3.3.1. Capital expenditure share of the defense budget to increase over the forecast period 26
3.3.2. Capital expenditure budget expected to increase during the forecast period 28
3.3.3. Per-capita defense expenditure expected to increase over the forecast period 30
3.4. Homeland Security Market Size and Forecast 32
3.4.1. Domestic security to drive expenditure for homeland protection 32
3.4.2. Angola comes under the ‘some risk’ category of terrorist attack 33
3.4.3. Angola faces “some risk” from acts of terrorism 34
3.4.4. Angola has a terrorism index score of 0.2 36
3.5. Benchmarking with Key Global Markets 37
3.5.1. The country’s defense budget is expected to remain modest over the forecast period 37
3.5.2. Angolan military expenditure is limited when compared to countries with the largest defense expenditure 39
3.5.3. Angola allocates a modest percentage of GDP to defense 40
3.6. Market Opportunities: Key Trends and Growth Stimulators 41
3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023 41
4. Defense Procurement Market Dynamics 42
4.1. Import Market Dynamics 43
4.1.1. Imports into Angola expected to increase over the forecast period 43
4.1.2. Russia supplied the majority of defense equipment to Angola during the historic period 44
4.1.3. Aircraft were the major defense import during the historic period 45
4.2. Export Market Dynamics 46
4.2.1. Angola does not export arms due to its under-developed domestic arms industry 46
5. Industry Dynamics 47
5.1. Market Regulation 47
5.1.1. Angola does not disclose any offset obligations imposed by the country 47
5.1.2. FDI in defense sector prohibited by the Angolan Government 47
5.1.3. Budgeting Process 48
5.1.4. Procurement Policy and Process 49
5.2. Market Entry Route 50
5.2.1. Direct selling is the preferred market entry route for foreign OEMs 50
6. Competitive Landscape and Strategic Insights 51
6.1. Competitive Landscape Overview 51
7. Business Environment and Country Risk 52
7.1. Economic Performance 52
7.1.1. Gross Domestic per Capita 52
7.1.2. Gross Domestic Product, current US$ 53
7.1.3. Exports of Goods and Services 54
7.1.4. Imports of Goods and Services 55
7.1.5. Local Currency Unit per US$ 56
7.1.6. Government cash surplus/deficit as % of GDP (LCU) 57
7.1.7. Goods Exports as a % of GDP 58
7.1.8. Goods Imports as a % of GDP 59
7.1.9. Services Imports as a % of GDP 60
7.1.10. Services Exports as a % of GDP 61
7.1.11. Net Foreign Direct Investment 62
7.1.12. Net FDI as a percentage of GDP 63
7.1.13. Mining, Manufacturing, Utilities Output (LCU Billion) 64
8. Appendix 65
8.1. About SDI 65
8.2. Disclaimer 65
List of Tables
Table 1: Angola Armed Forces Strength 13
Table 2: Angola Air Force Strength 15
Table 3: Angola Navy Strength 16
Table 4: Angola - Ongoing Development and Procurement Programs 17
Table 5: Angola - Future Procurement Programs 17
Table 6: Angolan Defense and Security Expenditure (AOA Billion & US$ Billion), 2014-2023 21
Table 7: Angolan GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2014-2023 24
Table 8: Angolan Defense Budget Split between Capital and Revenue Expenditure (%), 2014-2023 26
Table 9: Angolan Defense Capital Expenditure (AOA Billion & US$ Million), 2014-2023 28
Table 10: Angola Per-Capita Defense Expenditure (US$), 2014-2023 30
Table 11: Terrorism Index, 2018 34
Table 12: Benchmarking with Key Markets, 2014-2018 vs. 2019-2023 37
Table 13: Top 10 Angola Defense Market Sectors by Value (US$ Million) - 2018-2023 41
Table 14: Angolan Budget Formation Timetable 48
Table 15: Competitive Landscape of the Angola Defense Industry 51
List of Figures
Figure 1: Angolan Defense and Security Expenditure (AOA Billion), 2014-2023 21
Figure 2: Angolan Defense and Security Expenditure (US$ Billion), 2014-2023 22
Figure 3: Angolan GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2014-2023 25
Figure 4: Angolan Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023 27
Figure 5: Angolan Capital Budget Allocation (AOA Billion),2014-2023 29
Figure 6: Angolan Capital Budget Allocation (US$ Million), 2014-2023 29
Figure 7: Angolan Per-Capita Defense Expenditure (US$), 2014-2023 31
Figure 8: Terrorism Heat Map, 2018 33
Figure 9: Terrorism Index, 2018 36
Figure 10: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023 38
Figure 11: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2018 and 2023 39
Figure 12: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018 40
Figure 13: Angola Defense Import Trend, 2013-2017 (TIV values) 43
Figure 14: Angola Defense Imports by Country (%), 2013-2017 44
Figure 15: Angola Defense Imports by Weapon Category (%), 2013-2017 45
Figure 16: Angola GDP per capita (US$), 2015-2025 52
Figure 17: Angola Gross Domestic Product (Current US$ Billion), 2015-2025 53
Figure 18: Angola’s Exports of goods and services (LCU Billion), 2005-2013 54
Figure 19: Angola’s Imports of goods and services (LCU Billion), 2005-2013 55
Figure 20: Angolan LCU per US$, 2015-2024 56
Figure 21: Angola Government cash surplus/deficit as a % of GDP (LCU), 2005-2012 57
Figure 22: Angola Goods Exports as a % of GDP, 2005-2013 58
Figure 23: Angola Goods Imports as a % of GDP, 2005-2013 59
Figure 24: Angola Services Imports as a % of GDP, 2005-2013 60
Figure 25: Angola Services Exports as a % of GDP, 2005-2013 61
Figure 26: Angola Net Foreign Direct Investment (BoP, current US$ Billion), 2005-2013 62
Figure 27: Angola Net FDI as a percentage of GDP, 2005-2013 63
Figure 28: Angola Mining, Manufacturing, Utilities Output (LCU Billion) 2005-2014 64
