In particular, it provides an in-depth analysis of the following:
- The Nigerian defense industry market size and drivers: detailed analysis of the Nigerian defense industry during 2017-2021, 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 the army, navy, and air force. It also details the key challenges faced by defense market participants within the country
- Porter ' s Five Force analysis of the Nigerian defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
- Import and Export Dynamics: analysis of prevalent trends in the country ' s imports and exports over the last five years
- Market opportunities: details of the top five defense investment opportunities over the next 10 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Nigerian defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis
Read Sample report of this Category: http:// www. radiantinsights. com / catalog / defense Key Findings
- The Nigerian defense market, valued at US $ 1.8 billion in 2016, is expected to see sustained growth over the next five years, to reach US $ 2.1 billion by 2021. The growing threat from Boko Haram, piracy, oil smuggling in the Gulf of Guinea, and contributions to peacekeeping operations, are expected to drive the country ' s military expenditure, registering a growth rate of 3.73 % over the forecast period.
- On a cumulative basis, the country is expected to invest US $ 9.9 billion for defense purposes, of which US $ 3.4 billion is earmarked for capital expenditure to fund defense procurements. The government ' s well-defined military modernization plans to counter influence of narco-terrorists, drug traffickers and weapon traffickers is expected to fuel procurement of defense equipment.
- The MoD is expected to invest in fighters and multi-role aircraft, Infantry fighing vehicles, attack helicopters, and transport aircrafts over the coming years.
Reasons To Buy
Follow Us: