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South African Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

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Table of Contents

    LIST OF FIGURES

      LIST OF TABLES

        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 Scenario
            • 3.1.1. Primary Threat Perception
            • 3.1.2. Military Doctrine and Strategy
            • 3.1.3. Procurement Programs
            • 3.1.4. Top Procurement Programs by Value (US$ Million), 2019-2024
            • 3.1.5. Social, Political and Economic Environment and Support for Defense Projects
            • 3.1.6. Political and Strategic Alliances
          • 3.2. Defense Market Size Historical and Forecast
            • 3.2.1. South African defense expenditure expected to grow at a CAGR of 3.10% over the forecast period
            • 3.2.2. Modernization initiatives, peacekeeping missions, and border security to drive defense expenditure
            • 3.2.3. Military expenditure as a percentage of GDP is anticipated to increase over the forecast period
          • 3.3. Analysis of Defense Budget Allocation
            • 3.3.1. Capital expenditure share to remain constant over the forecast period
            • 3.3.2. Capital expenditure anticipated to increase at a CAGR of 4.10% over the forecast period
            • 3.3.3. Others segment accounted for the largest percentage share of the overall defense budget
            • 3.3.4. Army expenditure to grow at a modest pace over the forecast period
            • 3.3.5. Per-capita defense expenditure expected to increase over the forecast period
          • 3.4. Homeland Security Market Size and Forecast
            • 3.4.1. Homeland security expenditure to grow at a CAGR of 4.50% over the forecast period
            • 3.4.2. Homeland security expenditure to be driven by the rising threat of global terrorism and high violent crime rates
          • 3.5. Benchmarking with Key Global Markets
            • 3.5.1. South African defense expenditure expected to remain low compared to leading spenders
            • 3.5.2. The country will continue to be a small player in the global defense market
            • 3.5.3. South African defense expenditure as a percentage of GDP is lower than the majority of leading defense spenders
          • 3.6. Market Opportunities: Key Trends and Growth Stimulators
            • 3.6.1. Top 10 Defense Market Categories by Value (US$ Million) - 2019-2024
            • 3.6.2. Airborne C4ISR
            • 3.6.3. Physical Security
            • 3.6.4. Infantry Fighting Vehicles

          4. Defense Procurement Market Dynamics

          • 4.1. Import Market Dynamics
            • 4.1.1. Defense imports expected to remain constant over the forecast period
            • 4.1.2. Russia dominated South Africa’s defense imports
            • 4.1.3. Satellites were the main defense import
          • 4.2. Export Market Dynamics
            • 4.2.1. Defense export value increased significantly during 2014-2018
            • 4.2.2. The US accounted for the largest share of South African defense exports
            • 4.2.3. Armored vehicles accounted for the majority of the country’s defense exports

          5. Industry Dynamics

          • 5.1. Five Forces Analysis
            • 5.1.1. Bargaining Power of Supplier: Low
            • 5.1.2. Bargaining Power of Buyer: Medium
            • 5.1.3. Barrier to Entry: Medium
            • 5.1.4. Intensity of Rivalry: High
            • 5.1.5. Threat of Substitution: Medium

          6. Market Entry Strategy

          • 6.1. Market Regulation
            • 6.1.1. Offset policy ensures support for local companies
            • 6.1.2. FDI is channeled into benefitting local business
          • 6.2. Market Entry Route
            • 6.2.1. Budgeting Process
            • 6.2.2. Procurement policy and process
            • 6.2.3. Foreign OEMs find alternative routes into the market
            • 6.2.4. Joint ventures and collaborations provide market entry opportunities
          • 6.3. Key Challenges
            • 6.3.1. Corruption and lack of transparency pose an obstacle for market entry
            • 6.3.2. Lack of relevant defense policy
            • 6.3.3. Lack of transparency

          7. Competitive Landscape and Strategic Insights

          • 7.1. Competitive Landscape Overview
            • 7.1.1. South African Market Share Analysis, 2018
          • 7.2. Key Public Sector Companies
            • 7.2.1. Denel: Overview
            • 7.2.2. Denel: Products and Services
            • 7.2.3. Denel: Recent Announcements and Strategic Initiatives
            • 7.2.4. Denel: Alliances
            • 7.2.5. Denel: Recent Contract Wins
            • 7.2.6. Ansys Limited: Overview
            • 7.2.7. Ansys Limited: Products
            • 7.2.8. Ansys Limited: Alliances
            • 7.2.9. Ansys Limited: Recent Contract Wins
            • 7.2.10. Ansys Limited: Financial Analysis
          • 7.3. Key Private Sector Companies
            • 7.3.1. Reutech: Overview
            • 7.3.2. Reutech: Products and Services
            • 7.3.3. Reutech: Recent Announcements and Strategic Initiatives
            • 7.3.4. Reutech: Alliances
            • 7.3.5. Reutech: Recent Contract wins
            • 7.3.6. Saab Grintek: Overview
            • 7.3.7. Saab Grintek: Products and Services
            • 7.3.8. Saab Grintek: Recent Announcements and Strategic Initiatives
            • 7.3.9. Saab Grintek: Alliances
            • 7.3.10. Saab Grintek: Recent Contract Wins
            • 7.3.11. IVEMA: Overview
            • 7.3.12. IVEMA: Products and Services
            • 7.3.13. IVEMA: Recent Contract Wins
            • 7.3.14. Aerosud: Overview
            • 7.3.15. Aerosud: Products and Services
            • 7.3.16. Aerosud: Recent Announcements and Strategic Initiatives
            • 7.3.17. Aerosud: Alliances
            • 7.3.18. Aerosud: Recent Contract Wins
            • 7.3.19. Global Armour: Overview
            • 7.3.20. Global Armour: Products and Services
            • 7.3.21. Global Armour: Recent Announcements and Strategic Initiatives
            • 7.3.22. Global Armour: Alliances
            • 7.3.23. Global Armour: Recent contract wins
            • 7.3.24. Milkor (Pty) Ltd: Overview
            • 7.3.25. Milkor (Pty) Ltd.: Products
            • 7.3.26. Milkor (Pty) Ltd.: Recent Announcements and Strategic Initiatives
            • 7.3.27. Milkor (Pty) Ltd.: Recent Contract Wins
            • 7.3.28. Paramount Advanced Technologies: Overview
            • 7.3.29. Paramount Advanced Technologies: Products
            • 7.3.30. Paramount Advanced Technologies: Recent Announcements and Strategic Initiatives
            • 7.3.31. Paramount Advanced Technologies: Recent Contract Wins
            • 7.3.32. Tellumat Defense: Overview
            • 7.3.33. Tellumat Defense: Products
            • 7.3.34. Tellumat Defense: Recent Announcements and Strategic Initiatives
            • 7.3.35. Tellumat Defense: Alliances
            • 7.3.36. Tellumat Defense: Recent Contract Wins

          8. Business Environment and Country Risk

          • 8.1. Economic Performance
            • 8.1.1. GDP Per Capita
            • 8.1.2. GDP, Current Prices
            • 8.1.3. Local Currency Unit per US$
            • 8.1.4. Exports of Goods and Services (LCU Billion)
            • 8.1.5. Imports of Goods and Services (LCU Billion)
            • 8.1.6. Gross National Disposable Income (US$ Billion)
            • 8.1.7. Goods Exports as a Percentage of GDP
            • 8.1.8. Goods Imports as a Percentage of GDP
            • 8.1.9. Government Cash Surplus/Deficit as a Percentage of GDP
            • 8.1.10. Services Imports as a Percentage of GDP
            • 8.1.11. Services Exports as a Percentage of GDP
            • 8.1.12. Foreign Direct Investments
            • 8.1.13. Net Foreign Direct Investments as a Percentage of GDP
            • 8.1.14. Market Capitalization of Listed Companies (US$ Billion)
            • 8.1.15. Market Capitalization of Listed Companies as a Percentage of GDP
            • 8.1.16. Mining, Manufacturing, and Utilities Output

          9. Appendix

          • 9.1. About GlobalData

          South African Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

          Summary

          The South African Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024 , published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

          This report offers detailed analysis of the South African 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 defense industry market size and drivers: detailed analysis of the South African defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s 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
          - Porter’s Five Force analysis of the South African defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
          - Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
          - Market opportunities: details of the top five defense investment opportunities
          - Competitive landscape and strategic insights: analysis of the competitive landscape of the South African defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

          Scope

          - South Africa’s military expenditure stands at US$3.6 billion in 2019 and is anticipated to grow from US$3.8 billion in 2020 to value US$4.3 billion in 2024, registering a CAGR of 3.10% over the forecast period.
          - The growth will primarily be fueled by the country’s active participation in peacekeeping operations governed by the UN (United Nations), African Union, and the Southern African Development Community (SADC). As a result of these missions, the government will seek higher expenditure for the defense sector.
          - The country also seeks to replace its aging military equipment and improve border security and surveillance, which are expected to help drive defense expenditure over the forecast period.

          Reasons to buy

          - This report will give the user confidence to make the correct business decisions based on a detailed analysis of the South African 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
          - Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
          - A deep qualitative analysis of the The South African defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts
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