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Venezuela Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025

Venezuela Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025

Summary

Venezuela Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025 report provides the 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 maritime and border security market over the forecast period.

Venezuela, which presently is reeling under hyper inflation, saw its inflation rate peak at 130,060% in 2018. The unabated surge in inflation rate has prompted the country to introduce a new currency "The Bolívar Soberano (VES)" as a replacement to the now highly devalued previous currency "The Bolívar Fuerte (VEF). The new currency is pegged at 1 VES:100,000 VEF and although the new currency was introduced in on August 20, 2020, to stem the slide in currency valuation, it has thus far failed to fully meet the original objectives. With the latest estimates released by the Central Bank of Venezuela (BCV) suggesting that the inflation rate will continue to be unmanageable at 2,358% as of August 2020, the country is unlikely to extricate itself from its hyperinflationary problem. Against this backdrop, it is impractical to forecast defense budget values in light of such volatility.

This report offers detailed brief analysis of the Venezuelan defense market. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

Venezuela, which presently is reeling under hyper inflation, saw its inflation rate peak at 130,060% in 2018. The unabated surge in inflation rate has prompted the country to introduce a new currency "The Bolívar Soberano (VES)" as a replacement to the now highly devalued previous currency "The Bolívar Fuerte (VEF). The new currency is pegged at 1 VES:100,000 VEF and although the new currency was introduced in on August 20, 2020, to stem the slide in currency valuation, it has thus far failed to fully meet the original objectives.

The Veenzuelan defense market has three major sectors: Military Fixed-Wing Aircraft, Armored Vehicles, and Electronic Warfare among others.

Scope

In particular, it provides an in-depth analysis of the following -
- The Venezuelan defense industry market drivers: detailed analysis of the Israel's defense industry during 2021-2025, including highlights of the demand drivers and growth stimulators for the industry.
- Key challenges: insights into procurement schedules formulated within the country. It also details the key challenges faced by defense market participants within the country
- Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
- Market opportunities:list of the top ten defense investment opportunities over the next 5 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Venezuelan defense industry.

Reasons to Buy

- Determine prospective investment areas based on a detailed trend analysis of the Venezuelan 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 Venezuelan 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 Venezuelan 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 Venezuelan 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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Venezuela Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025
Published By :GlobalData
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