Angola Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027

The Angola Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Military modernization is necessary for the Angolan government's development plans, in order to secure vital national resources and economic infrastructures, and also to allow Angola to assert itself internationally and regionally. Following years of decreasing defense spending, it is forecast that the Angolan defense budget will increase. This reflects a strengthening economy, alongside strategic goals. The Angolan defense budget in 2022 is valued at $1.2 billion, an increase of 20% from the 2021 budget.

This report offers detailed analysis of the Angola defense market 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.

Key Highlights

• During the historic period, in terms of local currency, the country's defense and security budget increased from AOA549.8 billion in 2018 to AOA848.9 billion in 2022, registering a CAGR of 11.5%. Over the forecast period, the country's defense and security budget is anticipated to grow from AOA850.7 billion in 2023 to AOA1045.7 billion in 2027, growing at an anticipated CAGR of 5.3%
• Angola's defense and security expenditure is expected to value $6.3 billion cumulatively over 2023-27. During the historic period, Angola's defense and security expenditure decreased from $2.2 billion in 2018 to $1.2 billion in 2022, registering a CAGR of -13.7%. This decrease in the military budget during 2018-22 can be attributed to the country's weak financial position as a consequence of crude oil prices, which devalued its currency compared to the US dollar. In particular, the COVID-19 pandemic greatly affected the price of crude oil. This blow to revenue compounded existing issues with declining oil prices and will have been a factor in the defense budget for 2021. However, oil prices have now increased, allowing for greater defense spending in 2022
• Attractive sectors in Angola's defense market are military fixed-wing, military ammunition, EOIR systems, and military rotorcraft

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups

Scope

In particular, it provides an in-depth analysis of the following:

• Angola defense budget: detailed analysis of the Angola 2022 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of the Angola military doctrine and strategy to provide a comprehensive overview of Angola military regulation
• Security Environment: political alliances and perceived security threats to Angola are examined; there help to explain trends in spending and modernization
• Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
• Competitive landscape and strategic insights: analysis of the competitive landscape of Angola's defense industry

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Angola defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Angola market and identify the opportunities offered
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the Angola defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Angola government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available