Future of the Kenya Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022

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About Future of the Kenya Defense Industry Market

The Future of the Bangladesh Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022, 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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Synopsis

This report offers detailed analysis of the Kenya 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 Kenya defense industry market size and drivers: detailed analysis of the Kenya defense industry during 2018-2022, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys 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
- Porters Five Force analysis of the Kenya 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 countrys 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 Kenya 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

- The Kenya government has been steadily increasing its defense budget 2015 - 2017. Defense expenditure registered a CAGR of 4.01% over 2013-2017. The country allocated US$1.1 billion to its defense sector in 2013, which increased to US$1.2 billion in 2017. This trend is expected to continue during the forecast period, owing to the governments well-defined military modernization plans to better equip its armed forces.
- Revenue expenditure allocation decreased from 65.6% in 2013 to 64.2% in 2017. Conversely, the countrys capital expenditure increase from 34.4% to 35.8% during the historic period. Over the forecast period, Kenya is expected to allocate an average of 34.0% of its defense budget to capital expenditure, while the remainder will be assigned to revenue expenditure.
- The MoD is expected to invest in acquisition of CBRN Detection Equipment and Armored Vehicles.

Reasons to buy

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

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Table of Contents

1. Introduction 7
1.1. What is this Report About? 7
1.2. Definitions 7
1.3. Summary Methodology 9
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. Primary Threat Perception 14
3.1.2. Military Doctrine & Strategy 16
3.1.3. Military Fleet Size 18
3.1.4. Procurement Programs 21
3.1.5. Social, Political and Economic Environment & Support for Defense Projects 22
3.1.6. Political and Strategic Alliances 22
3.2. Defense Market Size Historical and Forecast 23
3.2.1. Kenyan defense budget to grow at an estimated CAGR of 3.70% during 2018-2022 23
3.2.2. Border security, terrorist group threats, peacekeeping missions, and the need to modernize outdated defense equipment to drive Kenyas defense expenditure 25
3.2.3. Defense budget as a percentage of GDP will remain at an average of 1.4% over the forecast period 27
3.3. Analysis of Defense Budget Allocation 29
3.3.1. Share of capital expenditure is expected to increase during the forecast period 29
3.3.2. Capital expenditure is anticipated to record a CAGR of 3.36% during the forecast period 31
3.3.3. Kenyas per capita defense expenditure is expected to increase during the forecast period 33
3.4. Homeland Security Market Size and Forecast 35
3.4.1. The homeland security market in Kenya is expected to grow at a CAGR of 4.60% during the forecast period 35
3.4.2. Human trafficking and illicit drugs trade to drive homeland security expenditure 37
3.4.3. Kenya falls under highly affected category in the terrorism index 38
3.4.4. Kenya faces high level of threat from terrorist organizations 39
3.4.5. Kenya has a terrorism index score of 6.6 41
3.5. Benchmarking with Key Global Markets 42
3.5.1. Kenyan defense expenditure expected to remain low compared to leading spenders 42
3.5.2. Kenya will continue to remain as a small contributor in the global arms market 44
3.5.3. Defense budget as a percentage of GDP is expected to increase over the forecast period 45
3.6. Market Opportunities: Key Trends and Growth Stimulators 46
3.6.1. CBRN Detection Equipment 46
3.6.2. Armored Vehicles 47
4. Defense Procurement Market Dynamics 48
4.1. Import Market Dynamics 49
4.1.1. Defense imports increased during the period 20112015 49
4.1.2. Weapons manufactured in Spain comprised the majority of imports to Kenya 50
4.1.3. Aircraft, Missiles, and Air defense systems accounted for a total share 88.8% in Kenyan defense imports 51
4.2. Export Market Dynamics 52
4.2.1. Kenya defense exports were negligible during 20132016 52
5. Industry Dynamics 53
5.1. Five Forces Analysis 53
5.1.1. Bargaining power of the supplier: high 54
5.1.2. Bargaining power of the buyer: low 54
5.1.3. Barrier to entry: medium to high 54
5.1.4. Intensity of rivalry: high 54
5.1.5. Threat of substitution: medium to high 54
5.2. Market Regulation 55
5.2.1. Kenya does not disclose any offset obligations imposed by the country 55
5.2.2. Foreign direct investment (FDI) is determined on a case to case basis 55
5.3. Market Entry Route 56
5.3.1. Budgeting Process 56
5.3.2. Defense procurement process 56
5.3.3. Equipment manufacturers enter the market through government-to-government deals 57
5.4. Key Challenges 57
5.4.1. Corruption and lack of transparency are the factors which hinder the growth of the Kenyan defense industry 57
5.4.2. Low defense budget to act as obstacle for foreign investors 57

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