Ghanaian Defense Industry - Market Size, Share– Latest Growth, Development Trends & Forecast To 2023

MarketResearchReports.Biz adds “Global Ghanaian Defense Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Ghanaian Defense and the growth estimates for the forecasted period.

The Future of the Ghanaian 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.

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This report offers detailed analysis of the Ghananian 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 Ghana defense industry market size and drivers: detailed analysis of the Ghanaian 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 Ghanaiandefense industry

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Scope

The Ghanaian defense budget, valued at US$223.6 million in 2018, registered a CAGR of -0.83% during the historic period.

The decrease in budget during the historic period is primarily due to the decline in exchange rates.

However, in local currency terms, the defense budget recorded steady growth.

The country’s military is currently faced with the huge challenge of preventing the spread of pro-Islamic insurgent group Boko Haram within the country.

Reasons to buy

This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Ghanaian 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

Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector

A deep qualitative analysis of the Ghanaian 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 13

3.1. Current Market Scenario 14

3.1.1. Military Fleet Size 14

3.1.2. Procurement Programs 17

3.1.3. Key Drivers and Challenges 18

3.2. Defense Market Size Historical and Forecast 20

3.2.1. Ghanaian defense expenditure is projected to grow at a CAGR of 12.12% over the forecast period 20

3.2.2. Insurgency, piracy, oil smuggling, and peacekeeping operations are expected to drive defense expenditure 23

3.2.3. Defense budget as a percentage of GDP expected to average 0.52% over the forecast period 24

3.3. Analysis of Defense Budget Allocation 26

3.3.1. Allocation for capital expenditure expected to average at 14.5% over the forecast period 26

3.3.2. Capital expenditure budget expected to increase over 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 31

3.4.1. Homeland security budget projected to increase over the forecast period 31

3.4.2. The threat from Boko Haram, drug trafficking, cybercrime, and money laundering to drive spending in the homeland security market 34

3.4.3. Ghana falls under the ‘some risk category’ by terrorist attack 35

3.4.4. Ghana has a rank of 110 in the terrorism index 36

3.4.5. Ghana has a terrorism index score of 0.3 38

3.5. Benchmarking with Key Global Markets 39

3.5.1. The country’s defense budget is expected to increase during the forecast period 39

3.5.2. Ghanaian military expenditure is limited compared to the countries with the largest defense expenditure 41

3.5.3. The country allocates a lower percentage of GDP to defense 42

3.6. Market Opportunities: Key Trends 43

3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023 43

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