Future of the Kenyan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024

Table of Contents

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 Conditions
  • 3.1.1. Military fleet size
  • 3.1.2. Procurement Programs
  • 3.1.3. Key Drivers and Challenges
  • 3.1.4. Corruption and lack of transparency hinder the growth of Kenyan defense industry
  • 3.1.5. Small defense budget will act as an obstacle to foreign investors
• 3.2. Defense Market Size Historical and Forecast
  • 3.2.1. Kenyan defense budget to grow at a CAGR of 6.10% during 2020-2024
  • 3.2.2. Border security, threats from terrorist groups, peacekeeping missions, and the need to modernize outdated defense equipment to drive Kenya’s defense expenditure
  • 3.2.3. Defense budget as a percentage of GDP will average 1.3% over the forecast period
• 3.3. Analysis of Defense Budget Allocation
  • 3.3.1. Share of capital expenditure is expected to increase during the forecast period
  • 3.3.2. Capital expenditure is expected to record a CAGR of 34.5% over the forecast period
  • 3.3.3. Kenya’s per capita defense expenditure is anticipated to increase marginally over the forecast period
• 3.4. Homeland Security Market Size and Forecast
  • 3.4.1. The homeland security market in Kenya is anticipated to grow at a CAGR of 0.64% over the forecast period
  • 3.4.2. Human trafficking and illicit drugs trade to drive homeland security expenditure
• 3.5. Benchmarking with Key Global Markets
  • 3.5.1. Kenyan defense expenditure is forecasted to grow at a steady rate
  • 3.5.2. Kenya will continue to remain a small player in the global arms market
  • 3.5.3. Defense budget as a percentage of GDP is expected to decrease marginally over the forecast period
• 3.6. Market Opportunities: Key Trends
  • 3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023

4. Defense Procurement Market Dynamics

• 4.1. Import Market Dynamics
  • 4.1.1. Defense imports increased during the period of 2014−2018
  • 4.1.2. Weapons manufactured in Serbia comprised the largest share of imports to Kenya
  • 4.1.3. Aircraft and artillery accounted for a share of 86.5% in Kenyan defense imports
• 4.2. Export Market Dynamics
  • 4.2.1. Kenya defense exports were negligible during 2013−2017

5. Market Entry Strategy

• 5.1. Market Regulation
  • 5.1.1. Kenya does not disclose any offset obligations imposed by the country
  • 5.1.2. Foreign direct investment (FDI) is determined on a case by case basis
• 5.2. Market Entry Route
  • 5.2.1. Budgeting Process
  • 5.2.2. Equipment manufacturers enter the market through government-to-government deals

6. Competitive Landscape and Strategic Insights

• 6.1. Competitive Landscape Overview

7. Business Environment and Country Risk

• 7.1. Economic Performance
  • 7.1.1. GDP per capita
  • 7.1.2. GDP, current prices
  • 7.1.3. Export of goods and services (LCU Billion)
  • 7.1.4. Import of goods and services (LCU Billion)
  • 7.1.5. Gross national disposable income (US$ Billion)
  • 7.1.6. Local currency unit per US$
  • 7.1.7. Market capitalization of listed companies
  • 7.1.8. Market capitalization of listed companies as a percentage of GDP
  • 7.1.9. Government cash surplus deficit as a percentage of GDP
  • 7.1.10. Goods exports as a percentage of GDP
  • 7.1.11. Good imports as a percentage of GDP
  • 7.1.12. Service imports as a percentage of GDP
  • 7.1.13. Service exports as a percentage of GDP
  • 7.1.14. Foreign direct investments
  • 7.1.15. Net foreign direct investment as a percentage of GDP
  • 7.1.16. Mining, Manufacturing, Utilities Output (LCU Billion)

8. Appendix

• 8.1. About GlobalData