DUBLIN--(BUSINESS WIRE)--The "Future of the Afghan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
Afghanistan is emerging as one of the most interesting defense markets in Central and South Asia.
The US invasion of Afghanistan after the September 2001 attacks led to the formation of a democratic government which is now putting focus on the total revamp of its national infrastructure and defense industry. Its main objective is to have a strong, efficient and well-equipped armed force that can counter the Taliban insurgency and provide strong public security. These are the prime drivers of the Afghan government's investment in the defense sector.
After the NATO-led International Security Assistance Force (ISAF) left the country in 2014, Afghan security forces were made responsible for protecting the country. Afghanistan's total defense expenditure decreased at a CAGR of 1.78% during the historic period, from US$6.4 billion in 2014 to US$6 billion in 2018. Around 34% of the national budget was allocated to security expenditure in 2017, however, the negative CAGR was caused by a decrease in foreign aid which previously benefitted the security sector.
The withdrawal of the International Security Assistance Force (ISAF) from Afghanistan in 2014 necessitated the need for a strong and efficient Afghan National Defense Security Forces (ANDSF). As a result, the Afghan government is expected to assign an average of 3.7% of its GDP to defense purposes over 2019-2023. The county is expected to acquire defense equipment such as light fighter aircraft, attack helicopters, small arms and ammunitions, and armored vehicles over the forecast period.
Instability within the country's political scene, along with internal security threats emerging from the growing human trafficking and drug trade, is expected to drive the Afghan government's investments in homeland security over the forecast period. Police force modernization, border security and infrastructure development are expected to be the primary areas of focus.
Companies Featured
- General Dynamics Corporation
- Lockheed Martin
- MD Helicopters
- Sierra Nevada Corporation (SNC)
Key Topics Covered
1. Introduction
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
4. Defense Procurement Market Dynamics
5. Industry Dynamics
6. Market Entry Strategy
7. Competitive Landscape and Strategic Insights
8. Business Environment and Country Risk
For more information about this report visit https://www.researchandmarkets.com/research/fj9bg8/the_future_of_the?w=4
