Algeria Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028

Algeria Defense Market Report Overview

The Algeria defense budget is worth $16.7 billion in 2023 and is expected to grow at a CAGR of more than 2% during 2024-2028. During the historic period 2019-2023, the surge in Algeria’s defense expenditure was mainly driven by the threat of radicalism and terrorism from neighboring Libya and Mali.

The Algeria defense market research report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Algeria Defense Market Outlook, 2023-2028 ($ Billion)

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Algeria Defense Market Drivers

The Algerian armed forces intend to improve their military to fight increasing political instability and security threats in the region. Over the years, Algeria has been involved in the Malian conflict by playing mediating roles among different parties. Accordingly, Algeria is seeking to strengthen this presence by sending troops to the north of Mali to observe developments and stop terrorist organizations from expanding their influence, especially if France decides to reduce its forces in the Sahel. Furthermore, the participation of Algerian forces in peacekeeping operations in the region can give Algeria a greater say in international debates on the Sahel and its future.

Algeria Military Doctrines and Defense Strategies

The armed struggle for Algerian Independence serves as one of the most prominent proponents of a successful guerilla warfare campaign in modern times. For decades, Algeria has had a foreign policy vision of avoiding direct military engagement in regional conflicts, focusing more on mediating between the warring parties in neighboring states to contain threats. Algeria’s security policy or the security doctrine, for decades, refused to deploy its forces abroad and assumed that military interventions in the affairs of other states would result in major damages that could extend inside Algeria.

Algeria Defense Market Segmentation by Sectors

The key sectors in the Algeria defense market are military land vehicles, military fixed-wing aircraft, naval vessels & surface combatants, electronic warfare, missiles & missile defense systems, tactical communications systems, EOIR, and artillery, among others. The top sector in the Algeria defense market is military land vehicles, followed by military fixed-wing aircraft and naval vessels & surface combatants. Algeria’s spending on military land vehicles is driven by the need to secure Algeria’s long frontiers and strategic interests against the threat of radicalism and terrorism from neighboring states – Libya and Mali.

Algeria Defense Market Analysis by Sectors, 2023 (%)

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Algeria Defense Market - Competitive Landscape

Some of the major defense companies in the Algeria defense market are JSC Sukhoi, ThyssenKrupp Marine Systems (TKMS), Irkut Corporation, Adcom Systems, Yakovlev, Mil Moscow Helicopters Plant, Russian Aircraft Corporation, and Kamov.

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Algeria Defense Market Research Overview

Segments Covered in the Report 

Algeria Defense Sectors Outlook (Value, $ Billion, 2023-2028)

• Military Land Vehicles
• Military Fixed-Wing Aircraft
• Naval Vessels & Surface Combatants
• Electronic Warfare
• Missiles & Missile Defense Systems
• Tactical Communications Systems
• EOIR
• Artillery

Scope

The report provides an in-depth analysis of the following –

• Algeria defense budget: Detailed analysis of Algeria’s 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Regulation: The procurement policy and process is explained. This is coupled with an analysis of Algeria’s military doctrine and strategy to provide a comprehensive overview of Algeria’s military procurement regulation.
• Security Environment: Political alliances and perceived security threats to Algeria are examined; there help to explain trends in spending and modernization.
• Import and Export Dynamics: Analysis of prevalent trends in the country’s imports and exports over the last five years
• Competitive landscape and strategic insights: Analysis of the competitive landscape of Algeria’s defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Algerian defense market over the next five years
• Gain an in-depth understanding of the underlying factors driving demand for different defense and internal security segments in the Algeria 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 Algeria defense market providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Algeria 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 include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available