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

Market Research Hub (MRH) has recently broadcasted a new study to its broad research portfolio, which is titled as “Future of the Nigeria Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022”, report studies the Future of the Nigeria Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022, published by Strategic Defense 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 Nigeria 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 Nigeria defense industry market size and drivers: detailed analysis of the Nigeria 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 Nigeria 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 Nigeria 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 defense budget of Nigeria for the year 2017 is US$1.4 billion. For the historic period, 2013-2017, the defense budget of the country registered a CAGR of -11.09%. The defense budget is currently being driven by efforts to modernize the army and threats from terrorist organizations.
During the historic period, the Nigeria MoD allocated an average of 19.5% of the total defense budget to capital expenditure, while an average of 80.5% was reserved for revenue expenditure. Over the forecast period, allocation towards capital expenditure is expected to increase at an average of 26.9%.
The MoD is expected to invest in multirole aircraft, infantry fighting vehicles (IFV) and attack helicopters.

Reasons to buy

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