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Nigerian Defense Market to reach $2.1 billion with Key Player, Regions and Forecast to 2021

Friday, January 6, 2017 4:02
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The Future of the Nigerian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2021, 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.


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Key Findings

- The Nigerian defense market, valued at US$1.8 billion in 2017, is expected to see sustained growth over the next five years, to reach US$2.1 billion by 2021. The growing threat from Boko Haram, piracy, oil smuggling in the Gulf of Guinea, and contributions to peacekeeping operations, are expected to drive the country’s military expenditure, registering a growth rate of 3.73% over the forecast period.

- On a cumulative basis, the country is expected to invest US$9.9 billion for defense purposes, of which US$3.4 billion is earmarked for capital expenditure to fund defense procurements. The government’s well-defined military modernization plans to counter influence of narco-terrorists, drug traffickers and weapon traffickers is expected to fuel procurement of defense equipment.

- The MoD is expected to invest in fighters & multi-role aircraft, Infantry fighing vehicles, attack helicopters, and transport aircrafts over the coming years.



This report offers detailed analysis of the Nigerian 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 Nigerian defense industry market size and drivers: detailed analysis of the Nigerian defense industry during 2017–2021, 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 the army, navy, and air force. It also details the key challenges faced by defense market participants within the country

- Porter’s Five Force analysis of the Nigerian 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 over the next 10 years

- Competitive landscape and strategic insights: analysis of the competitive landscape of the Nigerian defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis


Reasons to Buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Nigerian 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 Nigerian 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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Table of Contents

1 Introduction

    1.1. What is this Report About?

    1.2. Definitions

    1.3. Summary Methodology

    1.4. Terrorism Index

    1.5. About

2 Executive Summary

3 Market Attractiveness and Emerging Opportunities

    3.1. Defense Market Size Historical and Forecast

      3.1.1. Nigerian Defense expenditure is projected to grow at a CAGR of 3.73% during the forecast period

      3.1.2. Insurgency, piracy, oil smuggling, and peacekeeping operations are expected to drive defense expenditure

      3.1.3. Defense budget as a percentage of GDP expected to average 0.3% over the forecast period

    3.2. Analysis of Defense Budget Allocation

      3.2.1. Allocation for capital expenditure expected to average at 34.4% over the forecast period

      3.2.2. Capital expenditure budget expected to grow at 14.71% over the forecast period

      3.2.3. Allocation for the army accounts for the majority of the defense budget

      3.2.4. Army expenditure to grow at a CAGR 3.65% over the forecast period


Complete Report@


Contact Us:

Norah Trent

Partner Relations & Marketing Manager


Ph: +1-646-845-9349 (US) 

Ph: +44 208 133 9349 (UK)

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