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Market Research Report

Libyan Defense Market - Market Attractiveness, Competitive Landscape and Forecasts to 2024

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Libyan Defense Market - Market Attractiveness, Competitive Landscape and Forecasts to 2024
Published: April 29, 2019 Content info: 57 Pages
Description

Libya's defense expenditure is anticipated to value US$16.4 billion on a cumulative basis over the forecast period. The Libyan defense industry, valued at US$3.1 billion in 2019, is projected to record a CAGR of 1.51% over the forecast period, to reach US$3.4 billion in 2024. On a cumulative basis, expenditure over 2020-2024 is anticipated to be US$16.4 billion compared to US$14.5 billion spent during the historic period. After the 2011 revolution, the country's initial focus on reconstructing and strengthening its security forces has resulted in an increase in the Libya's military expenditure.

Libya has suffered an absence of security and the government is merely an entity with no authority. The country is still struggling to establish political, military, and economic stability even after holding elections in July 2012, enabling the shift of power to the democratically elected General National Congress (GNC). However, the country has been grappling with rampant anarchy across much of the country and the incumbent provisional Libyan government headed by Fayez al-Sarraj requested military assistance from NATO and the US in February 2017.

The country's capital expenditure is expected to increase from US$562.2 million in 2020 to US$588.7 million in 2024, growing at a CAGR of 1.15%. It is anticipated that, the Libyan government will spend on the procurement of armored vehicles, military aircraft, engines, combat helicopters and other surveillance equipment. Business opportunities will arise in the form of security platforms as the country looks to strengthen its borders.

Between 2014 and 2018, Egypt emerged as the largest supplier of arms, with a share of 31.2% of total defense imports, followed by UAE and Belarus with 28.0% and 15.1% respectively. Aircraft accounted for the majority of defense imports with a share of 46.8% during the historic period. As Libya plans to increase its defense budget and procure more weapons to increase its military base and countries like Egypt and UAE partially lifting arms embargo ban as well Russia reinitiating its $2 billion deal, imports are expected to increase during the forecast period.

The report "Libyan Defense Market - Market Attractiveness, Competitive Landscape and Forecasts to 2024", offers detailed analysis of the Libyan 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.

Companies mentioned: Leonardo S.p.A, KBP Instrument Design Bureau

Scope

The report provides an in-depth analysis of the following -

  • The defense industry market size and drivers: detailed analysis of the Libyan 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
  • 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 Libyan 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 Libyan 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 Libyan defense industry covering sections including demand drivers, Key Trends and Growth Stimulators, and latest industry contracts.
Table of Contents
Product Code: GDDF0572MR

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 Scenario
    • 3.1.1. Procurement Programs
    • 3.1.2. Key Challenges
  • 3.2. Defense Market Size Historical and Forecast
    • 3.2.1. Libyan defense budget anticipated to grow at a CAGR of 1.51% during 2020-2024
    • 3.2.2. Rebuilding the armed forces and replacing aging equipment
    • 3.2.3. Defense expenditure as a percentage of GDP to decrease over the forecast period
  • 3.3. Analysis of Defense Budget Allocation
    • 3.3.1. The majority of Libya's defense budget is allocated to revenue expenditure
    • 3.3.2. Capital expenditure is anticipated to rise at a CAGR of 1.15% over the forecast-period
    • 3.3.3. Per capita defense expenditure is anticipated to increase over the forecast period
  • 3.4. Homeland Security Market Size and Forecast
    • 3.4.1. Political stalemate, terrorism, border security, and internal disputes
  • 3.5. Benchmarking with Key Global Markets
    • 3.5.1. Libyan defense budget anticipated to register growth over the period 2020-2024
    • 3.5.2. Libyan defense expenditure is small compared to the leading spenders
    • 3.5.3. Libya spent 6.7% of its GDP on defense in 2019
  • 3.6. Market Opportunities: Key Trends
    • 3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2019-2024

4. Defense Procurement Market Dynamics

  • 4.1. Import Market Dynamics
    • 4.1.1. Defense imports are expected to increase during the forecast period
    • 4.1.2. Egypt was the leading supplier of arms to Libya during 2014-2018
    • 4.1.3. Aircrafts compromised majority of Libyan arms imports
  • 4.2. Export Market Dynamics
    • 4.2.1. Libyan defense exports market is negligible

5. Market Entry Strategy

  • 5.1. Market Regulation
    • 5.1.1. Arms Embargo on Libya
    • 5.1.2. Libya has not disclosed any offset policy
  • 5.2. Market Entry Route
    • 5.2.1. Budgeting Process
    • 5.2.2. Procurement Policy & Process
    • 5.2.3. Foreign Military Sale (FMS) is the preferred entry route

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 at constant prices
    • 7.1.2. GDP at current prices (US$ Billion)
    • 7.1.3. Exports of Goods and Services (LCU Billion)
    • 7.1.4. Imports of Goods and Services (LCU Billion)
    • 7.1.5. LCU per US$ (Period Average)
    • 7.1.6. Goods exports as a percentage of GDP
    • 7.1.7. Goods imports as a percentage of GDP
    • 7.1.8. Services Imports as a percentage of GDP
    • 7.1.9. Services Exports as a percentage of GDP
    • 7.1.10. Foreign direct investment, net (BoP, current US$ billions)
    • 7.1.11. Foreign direct investment, as Percentage of GDP
    • 7.1.12. Mining, Manufacturing, Utilities Output (US$ Billion)

8. Appendix

  • 8.1. About GlobalData
  • 8.2. Disclaimer

List of Tables

  • Table 1: Libyan Future Procurement Programs
  • Table 2: Libyan Defense Expenditure (LYD Billion and US$ Billion), 2015-2024
  • Table 3: Libyan - GDP Growth vs Defense Expenditure as a Percentage of GDP, 2015-2024
  • Table 4: Libyan Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
  • Table 5: Libyan - Defense Capital Expenditure (LYD Million and US$ Million), 2015-2024
  • Table 6: Libyan per capita defense expenditure (US$), 2015-2024
  • Table 7: Benchmarking with Key Markets - 2015-2019 vs. 2020-2024
  • Table 8: Top 10 Libyan Defense Market Sectors by Value (US$ Million) - 2019-2024
  • Table 9: Competitive Landscape of the Libyan Defense Industry

List of Figures

  • Figure 1 : Libyan Defense Budget: 2020 and 2024
  • Figure 2 : Libyan Defense Imports: 2014 and 2018
  • Figure 3 : Libya's Top Prospective Procurements/Developments
  • Figure 4: Libyan Defense Expenditure (LYD Billion), 2015-2024
  • Figure 5: Libyan Defense Expenditure (US$ Billion), 2015-2024
  • Figure 6: Libyan GDP Growth vs. Defense Expenditure as Percentage of GDP, 2015-2024
  • Figure 7: Libyan Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
  • Figure 8: Libyan - Defense Capital Expenditure (LYD Million), 2015-2024
  • Figure 9: Libyan - Defense Capital Expenditure (US$ Million), 2015-2024
  • Figure 10: Libyan per capita defense expenditure (US$), 2015-2024
  • Figure 11: Benchmarking with Key Markets, 2015-2019 vs. 2020-2024
  • Figure 12: Benchmarking with World's Largest Defense Spenders (US$ Billion), 2019 and 2024
  • Figure 13: Benchmarking with Large Defense Spenders as % of GDP - 2019
  • Figure 14: Libyan Defense Imports (US$ Million), 2014-2018
  • Figure 15: Libyan Defense Imports by Country (%), 2014-2018
  • Figure 16: Libyan Defense Imports by Category, 2014-2018
  • Figure 17: Budgeting Process
  • Figure 18: Libyan GDP Per Capita at Constant Prices (US$), 2015-2025
  • Figure 19: Libyan GDP at Current Prices (US$ Billion), 2015-2025
  • Figure 20: Libyan Exports of Goods and Services (LCU Billion), 2005-2014
  • Figure 21: Libyan Imports of Goods and Services (LCU Billion), 2005-2014
  • Figure 22: Libya- LCU per US$ (Period Average), 2015-2024
  • Figure 23: Libya- Goods Exports as a percentage of GDP (%), 2005-2013
  • Figure 24: Libya- Goods imports as a percentage of GDP (%), 2005-2013
  • Figure 25: Libyan Services Imports as a percentage of GDP (%), 2005-2013
  • Figure 26: Libyan Services Exports as a percentage of GDP (%), 2005-2013
  • Figure 27: Libya- Foreign Direct Investment, Net (BoP, current US$ billion), 2005-2013
  • Figure 28: Libya- Foreign Direct Investment, as a percentage of GDP, 2005-2013
  • Figure 29: Libyan Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014
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