Angola Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027
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The Angola defense budget is worth $1.2 billion in 2022 and is expected to achieve a CAGR of more than 3% during 2023-2027. Military modernization is necessary for the Angolan government’s development plans, to secure vital national resources and economic infrastructures, and also to allow Angola to assert itself internationally and regionally. Angola has been working to upgrade its military equipment, as well as enhance its border security, particularly, post the oil drilling came to a halt in Angola post the coronavirus pandemic.
The Angola 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.
Angola Defense Market Outlook
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Angola Defense Market Drivers
The aim to strengthen and solidify border security, domestic security and regional security is driving the investments and government funding toward the defense budget in Angola. Regional stability is also of utmost concern for the Angolan government for enabling economic reforms for the protection of oil infrastructures.
The country has also signed a contract with Airbus for the procurement of three multi-role maritime patrol aircraft. Furthermore, military cooperation within multi-lateral organizations is perceived as one method to fortify regional solidarity
Angola Military Doctrines and Defense Strategies
The Ministry of National Defense and Homeland Veterans (MINDENVP), currently headed by Minister João Ernesto Dos Santos, oversees the Angolan Armed Forces (Forças Armadas Angolanas, FAA). The FAA comprises the Army, Navy (Marinha de Guerra Angola, MGA), Angolan National Air Force (Forca Aerea Nacional Angolana, FANA) which is under the operational control of the Army, and the Paramilitary Rapid Reaction Police.
Angola is also endeavoring to increase its operational capacity, growing its capabilities to both defend the homeland, and project Angolan influence abroad through peacekeeping missions. Furthermore, a dedicated battalion ready to participate in international peacekeeping missions will be operational.
Angola Defense Market Segmentation by Sector
The key sectors in the Angola defense market are military fixed-wing, military ammunition, EOIR systems, military rotorcraft, and others. Military fixed-wing accounts for the highest Angola defense market share in 2022, followed by military ammunition and EOIR systems. The military fixed-wing domain is expected to remain an attractive defense sector for foreign OEMs to invest in the Angolan defense market as FANA modernizes its fleet.
Angola Defense Market Analysis by Sectors
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Angola Defense Market - Competitive Landscape
Airbus Defence and Space, Leonardo SpA, Sukhoi Co, and Rosoboronexport are some of the leading companies in the Angola defense market. The companies are innovating consistently to meet the evolving defense sector requirements. Furthermore, they are focusing on collaborations and strategic partnerships with start-ups to strengthen their positions in the market. For instance, Airbus collaborates with small and medium-scale enterprises offering advanced technologies to design helicopters and other aircraft.
Similarly, Leonardo intends to increase investment in research, accelerate innovation, collaborate with the top peers in the sector, and launch new products in new markets. It focuses on leveraging Leonardo Labs to develop interdivisional programs with innovative content on different enabling technologies, such as Quantum technologies, artificial intelligence, autonomous and robotic systems, big data, high-performance computing (HPC) and cloud, digital twin, and advanced simulation, electrification, and new materials.
Angola Defense Market Analysis by Companies
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Angola Defense Market Report Overview
Market Size (2022) | $1.2 billion |
CAGR (2023-2027) | >3% |
Key Sectors | Military Fixed-Wing, Military Ammunition, EOIR Systems, Military Rotorcraft, and Others |
Leading Companies | Airbus Defence and Space, Leonardo SpA, Sukhoi Co, and Rosoboronexport |
Scope:
The report provides an in-depth analysis of the following –
- Angola’s defense budget: detailed analysis of Angola’s FY2022 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 the process is explained. This is coupled with an analysis of Angola’s military doctrine and strategy to provide a comprehensive overview of Angola’s military regulation.
- Security Environment: political alliances and perceived security threats to Angola are examined; they 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 competitve landscape of the Angolan defense industry.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of Angola’s 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 Angolan 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 Angolan defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channel resources by focusing on the ongoing programs that are being undertaken by the Angolan 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 contract awarded, and financial analysis, wherever available.
Table of Contents
Frequently asked questions
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What is the Angola defense market size in 2022?
The defense market size in Angola is valued at $1.2 billion in 2022.
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What is the Angola defense market growth rate?
The defense market in Angola is expected to achieve a CAGR of more than 3%% during 2023-2027.
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What are the key sectors in the Angola defense market?
The key sectors in the Angola defense market are military fixed-wing, military ammunition, EOIR systems, military rotorcraft, and others.
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Which are the leading companies in the Angola defense market?
The leading defense companies in the Angola defense market are Airbus Defence and Space, Leonardo SpA, Sukhoi Co, and Rosoboronexport.
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