DUBLIN--(BUSINESS WIRE)--The "Future of the Kenya Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" report has been added to Research and Markets' offering.
Kenya has consistently procured a large amount of military hardware over the last couple of years. These include small arms, armored vehicles, helicopters, rocket launchers, and aircraft, which drove defense expenditure between 2013 and 2017. The country's defense budget increased at a CAGR of 4.01%, with an investment of US$1.1 Billion in 2013 and US$1.2 Billion in 2017. Over the forecast period, the country's defense budget is projected to increase to US$1.5 Billion by 2022, at a CAGR of 3.70%.
Capital expenditure allocation of the Kenyan defense budget represented an average of 34.3% of the total budget during 2013-2017. This share is anticipated to decrease to an average of 34.0% during 2018-2022. On a cumulative basis, capital expenditure was US$2.0 Billion during the historic period and is anticipated to reach to US$2.3 Billion over the forecast period; as a result of the country's plans to procure defense equipment such as CBRN detection equipment, helicopters, armored vehicles, unmanned aerial vehicles (UAVs), aircraft and surveillance equipment for monitoring.
Capital expenditure budget is projected to increase to US$504.9 million by 2022, at a CAGR of 3.36%. This is due to the government's initiatives to acquire more weapons. The country's budget for homeland security is anticipated to increase over the forecast period, driven by increasing threats from human trafficking, terrorism, drug, and arms smuggling.
Key Topics Covered:
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
4. Defense Procurement Market Dynamics
5. Industry Dynamics
6. Competitive Landscape and Strategic Insights
7. Business Environment and Country Risk
- JSC Rosoboronexport and Grob Aircraft
- Kenya Ordnance Factories Corporation (KOFC)
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