SDI's "The Nigerian Defense Industry - Market Attractiveness and Emerging Opportunities to 2020: Market Profile" is an essential source of information covering the market attractiveness and emerging opportunities of the defense industry in Nigeria.
The Nigerian defense market, valued at US$2.0 billion in 2015, is expected to see sustained growth over the next five years to reach US$2.6 billion by 2020. 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 3.89% over the forecast period.
Reasons To Buy
"The Nigerian Defense Industry - Market Attractiveness and Emerging Opportunities to 2020: Market Profile" allows you to:
Understand the market size and forecasts of the Nigeria defense industry.
Understand the budget allocation of the Nigeria defense industry.
Gain knowledge on Homeland Security market size and forecast.
Gain insight into the benchmarking data with Key global markets.
Understand the key trends and growth stimulators of the Nigeria defense industry.
Table Of Content
1.1. What is this Report About?
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1.3. Summary Methodology
1.4. SDI Terrorism Index
1.5. About Strategic Defence Intelligence
2 Market Attractiveness and Emerging Opportunities
2.1. Defense Market Size Historical and Forecast
2.1.1. Defense expenditure is projected to grow at a CAGR of 3.89% during the forecast period
2.1.2. Insurgency, piracy, oil smuggling, and peacekeeping operations are expected to drive defense expenditure
2.1.3. Defense budget as a percentage of GDP expected to average 0.4% over the forecast period
2.2. Analysis of Defense Budget Allocation
2.2.1. Allocation for capital expenditure expected to average at 11.7% over the forecast period
2.2.2. Capital expenditure budget expected to grow at 4.60% over the forecast period
2.2.3. Allocation for the army accounts for the majority of the defense budget
2.2.4. Army expenditure to grow at a CAGR 3.72% over the forecast period
2.2.5. Naval expenditure to grow at a CAGR of 3.70% over the forecast period
2.2.6. Expenditure on the air force to increase during the forecast period
2.2.7. Per-capita defense expenditure expected to increase during the forecast period
2.3. Homeland Security Market Size and Forecast
2.3.1. Homeland security budget projected to increase during the forecast period
2.3.2. The threat from Boko Haram, drug trafficking, cybercrime, and money laundering to drive the homeland security market
2.3.3. Nigeria falls under the 'worst affected category' by terrorist attack
2.3.4. Nigeria experienced extreme terror activity during the historic period
2.4. Benchmarking with Key Global Markets
2.4.1. The country's defense budget is expected to increase during the forecast period
2.4.2. Nigerian military expenditure is limited compared to countries with the largest defense expenditure
2.4.3. The country allocates a lower percentage of GDP to defense
2.5. Market Opportunities: Key Trends and Growth Stimulators
2.5.1. Fighters and Multi-role Aircraft
2.5.2. Attack Helicopters
3.1. About SDI
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