Published on : Mar 11, 2016
ALBANY, New York, March 11, 2016: ResearchMoz.us had added a new report, titled “Future of the Egyptian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020,” to its repository. The research report offers a comprehensive analysis of the Egyptian defense industry. Analysis of the market attractiveness, emerging opportunities, key challenges, market entry strategies, competitive landscape, and business environment is provided in the study. According to the report, Egypt’s defense expenditure witnessed a growth rate of 6.11% from 2011 to 2015, expanding from US$4.4 bn to US$5.6 bn.
At present, Egypt has a relatively small budget and 1.9% of its GDP is allocated to defense. The nation faces a substantial threat from terrorist organizations based in foreign countries such as Ethiopia and Israel. Moreover, Egypt has experienced a high level of terror activity in the past few decades. During the forecast period, the rising demand for corvettes, diesel electric submarines, and fighter and multi-role aircrafts will continue to stimulate the market.
The Egyptian defense market is driven by factors such as the threats from Ethiopia and Israel, the rising demand for modernization of armed forces, and need for maritime security. Moreover, the increasing capital expenditure allocation for the period from 2016 to 2020 will also drive the Egyptian defense market. Another trend that will benefit the Egyptian defense market is the expected equipment procurements in the areas of multi-role and fighter aircrafts, corvettes, and diesel electrical submarines.
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According to the report, the military expenditure is projected to expand at a CAGR of 5.27% during the forecast period from 2016 to 2020. By 2020, the military expenditure is projected to value US$7.3 bn. Although the Egyptian defense market will be driven by several factors, it will also be challenged by the lack of transparency and presence of corruption in Egypt, along with the stalled EU military aid. Furthermore, the internal instability and political uncertainty in Egypt will discourage foreign participation in the Egyptian defense market.
Nevertheless, the demand for equipment is primarily expected to be focused on fighter aircraft, multi-role aircraft, corvettes, and diesel electric submarines during the forecasting horizon. The research study on the Egyptian defense market offers a detailed analysis of the key market entry strategies. Two key market entry routes according to the report are government-to-government deals for foreign OEMs and technology transfer and license manufacturing deals.
Several key domestic companies operating in the Egyptian defense market have been analyzed in the study. Some of these key companies are Helwan Factory for Developed Industries, Arab Organization for Industrialization-Electronics Factory, and Abu Zaabal Tank Repair Factory. Each key company has been evaluated with a general overview, product overview, and service overview. Lastly, the report covers a detailed analysis of the business environment of the Egyptian defense industry and risks associated with it.
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