DUBLIN--(BUSINESS WIRE)--The "Future of the Libyan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" report has been added to Research and Markets' offering.
Libyan defense industry, valued at US$2.7 Billion in 2017, is anticipated to record a CAGR of 4.88% over the forecast period, to reach US$3.3 Billion by 2022.
Libya is focusing on reconstructing and strengthening its security forces after the 2011 revolution, during which the people successfully overthrew one of the longest dictatorial regimes which spanned over four decades. This has resulted in a substantial increase initially in the military expenditure of the country.
Libya's domestic defense manufacturing capabilities are still underdeveloped, so the country has to rely mainly on foreign imports. Historically, Russia was the primary supplier of defense equipment to Libya during the Gaddafi government and is further increasing efforts to restore its military ties with the new Libyan government. The country lacks the basic required infrastructure, discouraging any foreign manufacturer from entering the market to establish a military base or joint venture project.
Furthermore, the lack of skilled labor followed by the war and volatile internal security situations could dilute the interest of foreign investors willing to invest in Libya.
Key Topics Covered:
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
4. Defense Procurement Market Dynamics
5. Industry Dynamics
6. Market Entry Strategy
7. Competitive Landscape and Strategic Insights
8. Business Environment and Country Risk
- KBP Instrument Design Bureau
- Lockheed Martin
For more information about this report visit https://www.researchandmarkets.com/research/9kmdkb/future_of_the