The South African Defense Industry - Market Opportunities and Entry Strategies Analyses and Forecasts to 201519 Sep 2011 • by Natalie Aster
The South African defense market, though not particularly large, is growing moderately. Post-apartheid, the country witnessed a significant decline in its defense budget, both in terms of value and as a percentage of GDP. Furthermore, the lack of military aggression by neighboring countries and very low terrorist activity levels has contributed to the recent overall reductions in defense spending.
By 2015, iCD Research estimates that South Africa’s defense expenditure as a percentage of its gross domestic product (GDP) will rise from its 2010 level of 1.2% to 1.5%. Currently, 80.8% of the defense budget is allocated for revenue expenditure, and the remaining for capital expenditure, a trend that is not expected to vary significantly by 2015.
The report “The South African Defense Industry - Market Opportunities and Entry Strategies Analyses and Forecasts to 2015” by iCD Research offers insights into market opportunities and entry strategies adopted by foreign OEMs to gain a market share in the South African defense industry.
Capital expenditure for the South African air force is expected to overtake army capital expenditure from 2011 onwards, a trend that is expected to continue to 2015. In the forecast period, air force capital expenditure is expected to increase by 120% and navy capital expenditure is expected to grow over 100%.
Figure 4: South African Defense Capital Expenditure Breakup (%), 2006–2015
Source: South African Treasury and ICD Research Analysis © ICD Research
Published: September, 2011
Price: US$ 1,250.00
The report provides detailed analysis of the current industry size and growth expectations from 2011 to 2015, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
- The report looks at historical performance as well as future industry projections using the in-house model. The report is a mixture of graphs, charts, tables and text in an effort to give the reader the maximum possible information in the most efficient and visually appealing manner.
- The report helps marketing agencies in the industry to promote their business by aligning their capabilities and business practices with their customers’ changing needs, while it also helps suppliers to benchmark their efforts with those of their competitors.
- The report uncovers the business outlook, key challenges and opportunities identified by suppliers and buyers, enabling industry stakeholders to understand the business sentiment prevailing in the industry.
More information can be found in the report “The South African Defense Industry - Market Opportunities and Entry Strategies Analyses and Forecasts to 2015” by iCD Research.
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