Future of the Algeria Defense Industry Overview, Trends and Growth Opportunities Forecasted till 2022

Market Research Hub (MRH) has recently added a new report on “Algerian 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.

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

• The Algerian defense industry market size and drivers: detailed analysis of the Algerian defense industry during 2018-2022, 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

• Porter’s Five Force analysis of the Algerian 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 Algerian defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis
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Scope

• With a defense budget of US$10.3 billion in 2017, Algeria is currently the largest military spender in the African region and the world’s tenth largest defense importer of military goods. Military expenditure is strongly supported by the presence of the oil and natural gas industry, where the revenues are directed towards strengthening defense and security. The increased threat of terrorism from the Islamic group, Al-Qaeda in the Islamic Maghreb (AQIM) operating in North Africa, an arms race with neighboring countries such as Morocco and Tunisia, and the ongoing modernization of the armed forces are key factors to drive military expenditure. The instability in neighboring Libya, coupled with the rapid spread of the Islamic State (IS) in the country, has compelled Algeria to bolster its defenses and develop a robust defense posture.

• During 2013-2017, an average of 20% of the country’s total defense budget was allocated to capital expenditure, while an average of 80% was reserved for revenue expenditure. The capital expenditure share valued 19.6% in 2017, and is expected to marginally increase during the forecast period to reach 21.5% in 2022. This is primarily due to Algeria having initiated a broad range of military modernization programs, with explicit emphasis on developing the country’s domestic defense industrial capabilities. In 2016, the Algerian Government announced future modernization plans in order to develop a strong defense industry, much of which is expected to focus on domestic industrial capability development.
• The MoD is expected to invest in fighter and multi-role aircraft, transport aircraft, attack helicopters, and Armored Personnel Carrier (APC).

Reasons to buy

• This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Algerian 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 Algerian defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

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