Nigeria Defense Market – Attractiveness, Competitive Landscape and Forecast to 2025

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The Future of the Nigerian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2025, published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report offers detailed analysis of the Nigerian defense industry 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 defense industry market size and drivers: detailed analysis of the Nigerian 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
– Porter’s Five Force analysis of the Nigerian defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
– Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
– Market opportunities: details of the top five defense investment opportunities
– Competitive landscape and strategic insights: analysis of the competitive landscape of the Nigerian defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Scope

– The defense budget of Nigeria was US$2.5 billion in 2020 and registered a CAGR of 9.61% during the historical period.

– Nigeria has been facing internal conflicts and issues which are affecting its growth, stability and national security.

– Terrorism, drug trafficking, arms trade, and oil theft are significant security challenges.

Reasons to Buy

– This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Nigerian defense industry market trends for the coming five years

– The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period

– Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector

– A deep qualitative analysis of the Nigerian defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

Defense Industries Corporation of Nigeria
Dornier Aviation Nigeria AIEP Limited

Table of Contents

Table of Contents

LIST OF FIGURES

LIST OF TABLES

1. Introduction

1.1. What is this Report About?

1.2. Definitions

1.3. Summary Methodology

1.4. About GlobalData

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

3.1. Current Market Scenario

3.2. Defense Market Size Historical and Forecast

3.3. Analysis of Defense Budget Allocation

3.4. Homeland Security Market Size and Forecast

3.5. Benchmarking with Key Global Markets

3.6. Market Opportunities: Key Trends and Drivers

4. Defense Procurement Market Dynamics

4.1. Import Market Dynamics

4.2. Export Market Dynamics

5. Industry Dynamics

5.1. Five Forces Analysis

6. Market Entry Strategy

6.1. Market Regulation

6.2. Market Entry Route

6.3. Key Challenges

7. Competitive landscape and Strategic Insights

7.1. Competitive landscape Overview

7.2. Nigeria Market Share Analysis, 2020-2025

7.3. Key Companies

8. Business Environment and Country Risk

8.1. Economic Performance

9. Appendix

9.1. About GlobalData

9.2. Disclaimer

Table

List of Tables

Table 1: Nigerian – Ongoing Development and Procurement Programs (US$ Million), 2016-2020

Table 2: Nigerian – Future Procurement Programs

Table 3: Nigerian – Top Defense Procurement Programs by Value (US$ Million), 2020-2025

Table 4: Nigerian Military Training Exercises

Table 5: Nigerian Defense Expenditure (NGN billion and US$ billion), 2016-2025

Table 6: Nigerian GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2016-2025

Table 7: Nigerian Defense Budget Split between Capital and Revenue Expenditure (%), 2016-2025

Table 8: Nigerian Defense Capital Expenditure (NGN Billion and US$ Billion), 2016-2025

Table 9: Nigerian Defense Budget Split Between the Army, Air Force, Navy, and Others, 2016-2025

Table 10: Nigeria Defense Budget Split Between Military Services (Army, Air Force, Navy and Others), 2016-2025

Table 11: Nigeria Defense Budget Split Between Military Services (Army, Air Force, Navy and Others), 2016-2025

Table 12: Nigerian Per Capita Defense Expenditure (US$), 2016-2025

Table 13: Nigerian Homeland Security Expenditure (NGN Billion and US$ billion), 2016-2025

Table 14: Benchmarking with Key Markets – 2016-2020 vs. 2021-2025

Table 15: Top Nigerian Defense Sectors by Value (US$ Million), 2019-2024

Table 16: Competitive Landscape of the Nigeria Defense Industry

Table 17: Top Defense Suppliers in Nigerian Defense Industry by Value (US$ Million), 2020-2025

Table 18: Defence Industries Corporation of Nigeria – Main Products

Table 19: Defence Industries Corporation of Nigeria: Alliances

Table 20: Defence Industries Corporation of Nigeria: Recent Contract Awards

Table 21: Dornier Aviation Nigeria AIEP Limited – Main Products

Figures

List of Figures

Figure 1: Nigerian Defense Budget: 2020 and 2025

Figure 2: Nigerian Defense Imports: 2014 and 2018

Figure 3: Nigerian National Security Threats

Figure 4: Nigeria’s Top Prospective Procurements/Developments

Figure 5: Nigerian Partnering Countries for Defense Cooperation and Military Training

Figure 6: Nigerian Defense Expenditure (NGN Billion), 2016-2025

Figure 7: Nigerian Defense Expenditure (in US$ Billion), 2016-2025

Figure 8: Nigerian GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2016-2025

Figure 9: Nigerian Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025

Figure 10: Nigerian Capital Budget Allocation (NGN Billion), 2016-2025

Figure 11: Nigerian Capital Budget Allocation (US$ Billion), 2016-2025

Figure 12: Nigerian Defense Budget Split Between the Army, Air Force, Navy and Others, 2016-2025

Figure 13: Nigerian Defense Budget in NGN Billion – Breakdown by Services (Army, Air Force, Navy and Others), 2016-2025

Figure 14: Nigerian Defense Budget in US$ Billion – Breakdown by Services (Army, Air Force, Navy and Others), 2016-2025

Figure 15: Nigerian Per Capita Defense Expenditure (US$), 2016-2025

Figure 16: Nigerian Homeland Security Budget (NGN billion), 2016-2025

Figure 17: Nigerian Homeland Security Budget (US$ billion), 2016-2025

Figure 18: Benchmarking with Key Markets – 2016-2020 vs. 2021-2025

Figure 19: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2020 and 2025

Figure 20: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2020

Figure 21: Nigerian – Airborne C4ISR Market Size (US$ Million), 2020-2025

Figure 22: Nigerian Critical Infrastructure Protection, Market Size (US$ Million), 2020-2025

Figure 23: Nigerian – Multi-Role Aircraft Market Size (US$ Million), 2020-2025

Figure 24: Nigerian, Defense Imports (US$ Million), 2014-2018 (TIV Values*)

Figure 25: Nigerian, Defense Imports by Country (%), 2014-2018

Figure 26: Nigerian Defense Imports by Category (%), 2014-2018

Figure 27: Industry Dynamics Porter’s Five Forces Analysis

Figure 28: Nigeria Budgeting Process

Figure 29: Key Challenges in Nigerian Defense Market

Figure 30: Nigerian Market Share Analysis, 2020-2025

Figure 31: Nigeria’s GDP per Capita (US$), 2015-2025

Figure 32: Nigeria’s Gross Domestic Product (Current US$ Billion), 2015-2025

Figure 33: Nigeria’s Exports of Goods and Services (LCU Billion), 2005-2014

Figure 34: Nigeria’s Imports of Goods and Services (LCU Billion), 2005-2014

Figure 35: Nigeria’s Gross National Disposable Income (US$ Billion), 2005-2013

Figure 36: Nigeria’s LCU per US$, 2016-2025

Figure 37: Nigeria’s Market Capitalization of Listed Companies (US$ Billion), 2005-2012

Figure 38: Nigeria’s Market Capitalization of Listed Companies (% GDP), 2005-2012

Figure 39: Nigeria’s Goods Exports as a Percentage of GDP, 2005-2012

Figure 40: Nigeria’s Goods Imports as a Percentage of GDP, 2005-2012

Figure 41: Nigeria’s Services Imports as a Percentage of GDP, 2005-2012

Figure 42: Nigeria’s Services Exports as a Percentage of GDP, 2002-2012

Figure 43: Nigeria’s Net Foreign Direct Investment (BoP, Current US$ Billion), 2005-2012

Figure 44: Nigeria’s Net FDI as a Percentage of GDP, 2005-2012

Figure 45: Nigeria’s Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

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