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South Africa's Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts

South Africa's Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts

Summary

South Africa's Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts 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.

South Africa's defense budget for FY 2020 is set at US$3.3 bn, slightly decreased from the previous year of US$3.4 bn. While the South African defense budget is predicted to grow in absolute terms, the defense budget has seen a relative decrease in relation to GDP share. This trend is likely to continue in a struggling economic landscape as spending on defense has been constrained due to a variety of factors such as the economic downturn in South Africa, the downgrade of the country to sovereign ‘junk status' by Moody's in March FY 2020, and allegations of corruption within the ANC government.

South Africa has also been one of the hardest-hit countries by the COVID-19 pandemic, with over half a million cases recorded adding to the country's economic woes. This will affect defense spending in the FY 2021 period, with no increase to the defense budget predicted.

This report offers detailed analysis of South Africa's defense market 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 line with South Africa's 2015 Defense Review, the DoD has attempted to 'arrest the decline' of SANDF through a variety of modernization projects and investment in acquisition projects. With an eye on expanding economic maritime potential by 2033 through 'Operation Phakisa', South Africa has also invested in a number of maritime procurements such as the flagship production of a new Hydrographic Survey Vessel. South Africa witnessed an increase in terms of exports in 2019, with missiles accounting for the largest export category in the historic period.

Scope

In particular, it provides an in-depth analysis of the following -
- South Africa's defense budget: detailed analysis of South Africa's FY2020 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 South Africa's military doctrine and strategy to provide a comprehensive overview of South Africa's military regulation. - Security Environment: political alliances and perceived security threats to South Africa are examined; there help to explain trends in spending and modernisation.
- 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 the South African defense industry.

Reasons to Buy

- Determine prospective investment areas based on a detailed trend analysis of the South Africa 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 South Africa 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 South Africa defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the South Africa 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 includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available
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South Africa's Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts
Published By :GlobalData
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