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 .
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