DUBLIN--(BUSINESS WIRE)--The "Algerian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025" report has been added to ResearchAndMarkets.com's offering.
This report offers detailed analysis of the Algerian defense market 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 Algerian defense industry market size and drivers: detailed analysis of the Algeria's defense industry during 2021-2025, 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
- Import and export dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
- Market opportunities: list of the top ten defense investment opportunities over the next 5 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Algerian defense industry.
Algeria continues to grapple with terrorism, due to spillover from Libya and the presence of radical fundamentalists within the country. On February 10th 2020, an Islamic State (IS) suicide bomber targeted Algerian military barracks in Southern Algeria. The attack killed an Algerian soldier. The country faces an ever present threat of radicalism and terrorism spilling over from neighboring Libya and Mali.
Regional instability and tensions across the Sahel, as well as economic, social, and political instability due to ongoing anti-regime protests, have forced the government to prioritize defense and security. The country is anticipated to implement a slew of reforms to overhaul its corrupt political-administrative apparatus, and the current administration could yield to public demand and curtail the Army's role in the political process.
Algeria is currently the largest military spender in the African region, with a defense budget of US$10.3 billion in 2020. The country's increasing military expenditure is driven by the ongoing modernization drive due to security challenges and the arms race witnessed in the North African region. The country's ongoing rivalry with Morocco is likely to fuel an arms race, and Tunisia is also investing militarily. The threat of terrorism from the Al-Qaeda in the Islamic Maghreb (AQIM) and the Islamic State operating in North Africa are the major factors driving military and security expenditure.
Algeria is expected to procure and invest in segments such as air defense systems, High Altitude Long Endurance (HALE) UAVs, transport aircraft, multirole fighters, armored vehicles and patrol craft.
Key Highlights
- Algerian defense expenditure is expected to grow at a CAGR of 3.41% over the forecast period to reach US$12.1 billion in 2025.
- The Algerian defense market has three major sectors: Multirole aircraft, Land Based C4ISR and Airborne C4ISR.
- In September 2019, the Algerian Ministry of National Defense (MoND), signed a US$1.8-2.0 billion deal to acquire additional Su-30MKA and MiG-29M/M2 multirole combat aircraft, from its close defense partner Russia.
- While the country was previously negotiating for the sale of Su-34 strike aircraft, the deal seems to have fallen through and instead the country opted to expand its existing fleet of 58 Su-30MKA multirole aircraft by ordering an additional 16 units.
- As part of the deal Algeria is likely to receive 14 MiG-29M/M2 multirole combat aircraft, augmenting the fleet of 30 MiG-29 family aircraft currently in service with the Algerian Air Force.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the Algerian defense market over the next five years
- Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Algerian market and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
- Identify the major threats that are driving the Algerian defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the Algerian government
- Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available
Companies Mentioned
- JSC Rosoboronexport
- Entreprise Nationale des Vehicules Industriels
- NIMR-Algerie
- Khenchela Mechanical Constructions Establishment (ECMK)
- Seriana Company of Industrial Achievements (ERIS)
For more information about this report visit https://www.researchandmarkets.com/r/xw7ifl.
