Future of Kenyan Defense Industry – Market Attractiveness, Competitive Landscape and Trends till 2023

This report offers detailed analysis of the Kenyan 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 Kenyan defense industry market size and drivers: detailed analysis of the Kenyan defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys 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
– Import and Export Dynamics: analysis of prevalent trends in the countrys 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 Kenyan defense industry.

Scope

– With an armed force that is considered to be one of the most powerful in East Africa, Kenya has consistently procured a large amount of military hardware, including small arms, aircraft, artilleries and armored vehicles, which drove defense expenditure during the historic period.
– The countrys defense budget increased at a CAGR of 8.33%, with an investment of US$1.0 billion in 2014 to US$1.3 billion in 2018. The governments well-defined military modernization plans and efforts to counter domestic and foreign terrorist attacks, along with the countrys active and consistent participation in various peacekeeping missions, will stimulate expenditure over the forecast period.
– The countrys defense budget is expected to increase at a CAGR of 4.09%, from US$1.4 billion in 2018 to US$1.6 billion in 2023.

– This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Kenyan 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
– Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
– A deep qualitative analysis of the Kenyan defense industry covering sections including demand drivers, Key Trends , and latest industry contracts.