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The South African Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017

Publisher Name » ICD Research
Published Date » 2012-07-17
No. Of Pages » 152

Product Synopsis

This report is the result of ICD Research / Strategic Defence Intelligences extensive market and company research covering the South African values, including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape

Why was the report written?
The South African defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the South African defense industry.

What is the current market landscape and what is changing?
Despite its challenges, South Africa remains one of Africas most attractive defense markets, with a defense spending capability that is expected to increase in the forecast period and, in 2012, comprised 19.2% of the countrys defense expenditure. Moreover, though the value of the budget allocation for military procurement decreased during the review period, it is expected to grow at a CAGR of 7.09% during the forecast period due to the expected need to replace outdated equipment. Furthermore, South Africas participation in various peacekeeping operations in the region increases the attractiveness of the defense market to investors. Ultimately, it is expected that the majority of the South African defense budget will be spent on developing the army and air force during the forecast period.

What are the key drivers behind recent market changes?
Crime, peacekeeping missions, border security, and military modernization initiatives to drive defense expenditure. Although South Africa does not suffer from threats of external aggression, there are several factors that require the countrys defense forces to be adequately prepared, including high violent crime rates, its international role in peacekeeping missions, and an unsecure border.

What makes this report unique and essential to read?
The South African Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017 provides detailed analysis of the current industry size and growth expectations from 2013 to 2017, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2013 to 2017, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

The report includes trend analysis of imports and exports, together with their implications and impact on the South African defense industry.

The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.

The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

The report helps the reader to understand the competitive landscape of the defense industry in South Africa. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Key Market Issues
One of the major challenges to the South African defense industry is corruption, as evidenced by the fact that the countrys last major defense procurement deal, which occurred in 1999 and valued US$3.5 billion, was one of the biggest corruption incidents in South African history. In addition, the relatively small size of South Africas defense industry often discourages foreign companies from entering the country, as companies seeking large-scale economies are reluctant to invest heavily in a relatively small market, a reluctance compounded by the mandatory minority stake foreign companies are obliged to undertake and South Africas lack of a strong defense policy.

The country adheres to a strong offset policy, which channels much-needed capital to its domestic defense industries. A 50% offset is obligatory for all contracts, with an additional 30% National Industrial Participation fee required for contracts worth over US$10 million. The country follows a credit system for valuing offset obligations.

Key Highlights
  • South Africa has Africas second-largest arms market, with the countrys total defense expenditure increasing at a CAGR of 9.55% in the review period, to value US$4.7 billion in 2012. The country spent a total of US$20.9 billion on defense during the review period.
  • The South African homeland security market valued at US$4.9 billion in 2008 and is expected to record a CAGR of 12.52%, to reach an estimated US$7.86 billion by 2012. The South African homeland security market valued at US$4.9 billion in 2008 and is expected to record a CAGR of 12.52%, to reach an estimated US$7.86 billion by 2012.
  • South Africas arms imports have increased significantly in the last three years due to government plans to modernize its armed forces. Additionally, the procurement by armed forces has increased during the review period.
Table of Content

1 Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. SDI Terrorism Index
1.5. About Strategic Defence Intelligence (www.strategicdefenceintelligence.com)

2 Executive Summary

3 Market Attractiveness and Emerging Opportunities
3.1. Defense market Size Historical and Forecast
3.1.1. South Africas annual defense expenditure to reach US$XX billion by 2017
3.1.2. Crime, peacekeeping missions, border security and military modernization initiatives to drive defense expenditure
3.1.3. Military expenditure as a percentage of GDP expected to decrease during the forecast period
3.2. Analysis of Defense Budget Allocation
3.2.1. Capital expenditure share to decrease over the next five years
3.2.2. Capital expenditure for air force to be highest with fastest growth rate
3.2.3. Army capital expenditure to grow at a modest pace
3.2.4. Air force capital expenditure budget to double over the forecast period
3.2.5. Naval expenditure on new acquisitions expected to grow steadily following a decline in the review period
3.2.6. Defense intelligence capital expenditure to reach US$XX million by 2017
3.3. Homeland Security Market Size and Forecast
3.3.1. Homeland security market expected to grow at a CAGR of XX% in the forecast period
3.3.2. Rising threat of global terrorism could affect the country, though threat level is currently low
3.3.3. South Africa faces minimal threat from foreign terrorist organizations
3.4. Benchmarking with Key Global Markets
3.4.1. South African defense expenditure expected to remain modest compared to leading spenders
3.4.2. The country will continue to be a small player in the global defense market
3.4.3. South African defense expenditure as a percentage of GDP is lower than the majority of leading defense spenders
3.4.4. South Africa has a moderate per-capita defense expenditure
3.4.5. South Africa faces negligible threat from foreign terrorist organizations
3.4.6. South Africa ranked 18th among top arms importing countries for the review period
3.4.7. South Africa ranked 15th among top arms exporting countries for the review period
3.5. Market Opportunities: Key Trends and Drivers
3.5.1. Demand for monitoring and security equipment to increase
3.5.2. Greater demand for unmanned aerial vehicles (UAVs)
3.5.3. Increased demand for military transport fleet is expected
3.5.4. Demand for maritime patrol and surveillance equipment to increase
3.5.5. Government plan to enhance landward capability to offer attractive opportunities
3.5.6. Demand for survey vessels provides opportunities for investors
3.5.7. Aviation security is one of the key focus areas in homeland security
3.5.8. Demand for armored vehicles will surge in demand during the forecast period

4 Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports value has increased considerably over the last three years
4.1.2. In 2011, Sweden and the US replaced Germany as the highest arms exporters to South Africa
4.1.3. US was Germanys leading arms suppliers during 2007-2011 Aircraft, surveillance and patrol ships constitute major import categories
4.2. Export Market Dynamics
4.2.1. Defense export value declined significantly during 2007-2011
4.2.2. US was the biggest importer of arms from South Africa
4.2.3. Armored vehicles constitute the major export category

5 Industry Dynamics
5.1.1. Bargaining power of supplier: Low
5.1.2. Bargaining power of Buyer: High
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. Foreign direct investment (FDI) is channeled to benefit local business
6.2. Market Entry Route
6.2.1. Foreign OEMs find alternative routes into the market
6.2.2. Joint ventures and collaborations provide market entry opportunities
6.3. Key Challenges
6.3.1. Corruption and bribery
6.3.2. Small market size discourages significant investment
6.3.3. Lack of transparency
6.3.4. Lack of relevant defense policy

7 Competitive landscape and Strategic Insights
7.1. Competitive landscape Overview
7.2. Key Public Sector Companies
7.2.1. Denel: overview
7.2.2. Denel: Major 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. Denel: financial analysis
7.2.7. Ansys Limited: overview
7.2.8. Ansys Limited: Major Products and Services
7.2.9. Ansys Limited: alliances
7.2.10. Ansys Limited: Recent Contract Wins
7.2.11. Ansys Limited: financial analysis
7.2.12. Key Private Sector Companies
7.2.13. Reutech: overview
7.2.14. Reutech: products and services
7.2.15. Reutech: recent announcements and strategic initiatives
7.2.16. Reutech: alliances
7.2.17. Saab Grintek: overview
7.2.18. Saab Grintek: products and services
7.2.19. Saab Grintek: recent announcements and strategic initiatives
7.2.20. Saab Grintek: alliances
7.2.21. Saab Grintek: recent contract wins
7.2.22. Land Systems South Africa: overview
7.2.23. Land Systems South Africa: products and services
7.2.24. Land Systems South Africa: recent announcements and strategic initiatives.
7.2.25. Land Systems South Africa: alliances
7.2.26. Land Systems South Africa: recent contract wins
7.2.27. IVEMA: overview
7.2.28. IVEMA: products and services
7.2.29. IVEMA: recent contract wins
7.2.30. Aerosud: overview
7.2.31. Aerosud: products and services
7.2.32. Aerosud: recent announcements and strategic initiatives
7.2.33. Aerosud: alliances
7.2.34. Aerosud: recent contract wins
7.2.35. Turbomeca Africa: overview
7.2.36. Turbomeca Africa: products and services
7.2.37. Turbomeca Africa: alliances
7.2.38. Turbomeca Africa: recent contract wins
7.2.39. Global Armour: overview
7.2.40. Global Armour: products and services
7.2.41. Global Armour: recent announcements and strategic initiatives
7.2.42. Global Armour: alliances
7.2.43. Global Armour: recent contract wins
7.2.44. Milkor (Pty) Ltd: overview
7.2.45. Milkor (Pty) Ltd: products and services
7.2.46. Milkor (Pty) Ltd: recent announcements and strategic initiatives
7.2.47. Milkor (Pty) Ltd: recent contract wins
7.2.48. Advanced Technologies and Engineering: overview
7.2.49. Advanced Technologies and Engineering: products and services
7.2.50. Advanced Technologies and Engineering: recent announcements and strategic initiatives
7.2.51. Advanced Technologies and Engineering: recent contract wins
7.2.52. Tellumat Defense: Overview
7.2.53. Tellumat Defense: products and services
7.2.54. Tellumat Defense: Recent announcements and strategic initiatives
7.2.55. Tellumat Defense: Alliances
7.2.56. Tellumat Defense: Recent contract wins

8 Business Environment and Country Risk
8.1. Demographics and Social Statistics
8.1.1. Population - Female
8.1.2. Population - Male
8.2. Economic Performance
8.2.1. Business Confidence index
8.2.2. Construction Output, Current Prices, Local Currency
8.2.3. Construction Output, Current Prices, US Dollars
8.2.4. Current Account Balance as Percentage of GDP
8.2.5. Debt-Service Ratio
8.2.6. Deposit Interest Rate
8.2.7. Exports of goods and services, current prices
8.2.8. External Debt as a percentage of GDP
8.2.9. Fiscal Balance as a percentage of GDP
8.2.10. Foreign Direct Investment
8.2.11. GDP at Purchasing Power Parity
8.2.12. GDP, Constant Prices (ZAR)
8.2.13. GDP, Constant Prices (US$)
8.2.14. GDP, Current Prices (ZAR)
8.2.15. GDP, Current Prices (US$)
8.2.16. General Government Final Consumption Expenditure
8.2.17. Gross Fixed Capital Formation, Current Prices
8.2.18. Imports of goods and services
8.2.19. Inflation, average consumer prices
8.2.20. Interest Rates (Lending)
8.2.21. Manufacturing Output, Current Prices (ZAR Bn)
8.2.22. Manufacturing Output, Current Prices (US$ Billions)
8.2.23. Market Cap of Stock Exchange (US$ Millions)
8.2.24. US$- Exchange Rate (Annual Average)
8.2.25. US$- Exchange Rate (EoP)
8.2.26. Wholesale Price Index
8.3. Energy and Utilities
8.3.1. Crude Oil Distillation Capacity
8.3.2. Electricity Exports
8.3.3. Electricity Imports
8.3.4. Electricity Installed Capacity
8.3.5. Fossil Fuels- Proved oil reserves
8.3.6. Hydroelectricity Installed Capacity
8.3.7. Natural Gas Consumption
8.3.8. Natural Gas Imports
8.3.9. Natural Gas Production
8.3.10. Net Conventional Thermal Electricity Generation
8.3.11. Net Geothermal, Solar, Wind, and Wood Electric Power Generation
8.3.12. Net Hydroelectric Power Generation
8.3.13. Nuclear Electricity Net Generation
8.3.14. Petroleum, Consumption
8.3.15. Petroleum, Production
8.4. Minerals
8.4.1. Coal Consumption
8.4.2. Coal Production
8.5. Social and Political Risk
8.5.1. Political Stability Index
8.5.2. Transparency Index
8.6. Technology
8.6.1. Fixed Broadband Internet Subscribers
8.6.2. Patents Granted

9 Appendix
9.1. Contact Us
9.2. About SDI
9.3. Disclaimer

List of Tables


Table 1: South African Defense Expenditure (US$ Billion), 2008-2012
Table 2: South African Defense Expenditure (US$ Billion), 2013-2017
Table 3: South African GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2008-2012
Table 4: South African GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2013-2017
Table 5: South African Defense Budget Split Between Capital and Revenue Expenditure (%), 2008-2012
Table 6: South African Defense Budget Split Between Capital and Revenue Expenditure (%), 2013-2017
Table 7: South African Defense Capital Expenditure Breakdown (%), 2008-2012
Table 8: South African Defense Capital Expenditure Breakdown (%), 2013-2017
Table 9: South African Defense Capital Expenditure for Army (US$ million), 2008-2012
Table 10: South African Defense Capital Expenditure for Army (US$ million), 2013-2017
Table 11: South African Defense Capital Expenditure for Air Force (US$ million), 2008-2012
Table 12: South African Defense Capital Expenditure for Air Force (US$ million), 2013-2017
Table 13: South African Defense Capital Expenditure for Navy (US$ million), 2008-2012
Table 14: South African Defense Capital Expenditure for Navy (US$ million), 2013-2017
Table 15: South African Defense Intelligence Capital Expenditure (US$ million), 2008-2012
Table 16: South African Defense Intelligence Capital Expenditure (US$ million), 2013-2017
Table 17: South African Homeland Security Budget, 2008-2012
Table 18: South African Homeland Security Budget, 2013-2017
Table 19: Benchmarking with Key Markets - 2007-2011 vs. 2012-2016
Table 20: SDI Terrorism Index
Table 21: Top Country Ranking by Arms Imports by Volume, (2008-2011)
Table 22: Top Country Ranking by Arms Exports by Volume, (2008-2011)
Table 23: Offset Regulations in South Africa
Table 24: Methodology for Offset Credits
Table 25: Denel - Product Focus
Table 26: Denel - Alliances
Table 27: Denel - Recent Contract Wins
Table 28: Ansys Limited - Product Focus
Table 29: Ansys Limited - Alliances
Table 30: Ansys Limited - Recent Contract Wins
Table 31: Reutech - Product Focus
Table 32: Reutech - Alliances
Table 33: Saab Grintek - Product Focus
Table 34: Saab Grintek - Alliances
Table 35: Saab Grintek - Recent Contract Wins
Table 36: Land Systems South Africa - Product Focus
Table 37: Land Systems South Africa - Alliances
Table 38: Land Systems South Africa - Recent Contract Wins
Table 39: IVEMA - Product Focus
Table 40: IVEMA - Recent Contract Wins
Table 41: Aerosud - Product Focus
Table 42: Aerosud - Alliances
Table 43: Aerosud - Recent Contract Wins
Table 44: Turbomeca Africa - Product Focus
Table 45: Turbomeca Africa - Alliances
Table 46: Turbomeca Africa - Recent Contract Wins
Table 47: Global Armour- Major Products and Services
Table 48:Global Armour- Alliances
Table 49: Aerosud - Recent Contract Wins
Table 50: Milkor (Pty) - Major Products and Services
Table 51: Milkor (Pty), Ltd - recent contract wins
Table 52: Advanced Technologies and Engineering- Major Products and Services
Table 53: Advanced Technologies and Engineering- Recent contract wins
Table 54: Tellumat Defense- Major Products and Services
Table 55: Tellumat Defense- Alliances
Table 56: Tellumat Defense- Recent contract wins

List of Figures


Figure 1: South African Defense Expenditure (US$ Billion), 2008-2012
Figure 2: South African Defense Expenditure (US$ Billion), 2013-2017
Figure 3: South African GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2008-2012
Figure 4: South African GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2013-2017
Figure 5:South African Defense Budget Split Between Capital and Revenue Expenditure (%), 2008-2012
Figure 6: South African Defense Budget Split Between Capital and Revenue Expenditure (%), 2013-2017
Figure 7:South African Defense Capital Expenditure Breakdown (%), 2008-2012
Figure 8: South African Defense Capital Expenditure Breakdown (%), 2013-2017
Figure 9: South African Defense Capital Expenditure for Army (US$ million), 2008-2012
Figure 10: South African Defense Capital Expenditure for Army (US$ million), 2013-2017
Figure 11: South African Defense Capital Expenditure for Air Force (US$ million), 2008-2012
Figure 12: South African Defense Capital Expenditure for Air Force (US$ million), 2013-2017
Figure 13: South African Defense Capital Expenditure for Navy (US$ million), 2008-2012
Figure 14: South African Defense Capital Expenditure for Navy (US$ million), 2013-2017
Figure 15: South African Defense Intelligence Capital Expenditure (US$ million), 2008-2012
Figure 16: South African Defense Intelligence Capital Expenditure (US$ million), 2013-2017
Figure 17: South African Homeland Security Budget, 2008-2012
Figure 18: South African Homeland Security Budget, 2013-2017
Figure 19: SDI Terrorism Heat Map, 2011
Figure 20: SDI Terrorism Index, 2011
Figure 21: Benchmarking with Key Markets - 2007-2011 vs. 2012-2016
Figure 22: Defense Expenditure of the Worlds Largest Military Spenders (US$ Billion), 2011 and 2016
Figure 23: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2011
Figure 24: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2011
Figure 25: Defense Expenditure Defense Imports by Value, 2007-2011
Figure 26: South African Defense Import by Country, 2007-2011 (TIV values)
Figure 27: South African Defense Imports by Category (%), 2007-2011
Figure 28: Defense Expenditure Defense Exports by Value, 2007-2011
Figure 29: South African Defense Exports by Country (%), 2007-2011
Figure 30: South African Defense exports by Category (%), 2007-2011
Figure 31: Industry Dynamics - Porters Five Forces Analysis
Figure 32: Denel -Revenue Trend Analysis (2007-2011)
Figure 33: Denel - Operating Profit Trend Analysis (2007-2011)
Figure 34: Denel - Net Profit Trend Analysis (2007-2011)
Figure 35: Ansys Limited -Revenue Trend Analysis (2007-2011)
Figure 36: Ansys Limited - Operating Profit Trend Analysis (2007-2011)
Figure 37: Ansys Limited - Net Profit Trend Analysis (2007-2011)
Figure 38: South African Population - Female (In Millions), 2008-2017
Figure 39: South African Population - Male (In Millions), 2008-2017
Figure 40: South African Business Confidence index, 2003-2009
Figure 41: South African Construction Output, Current Prices, Local Currency (In Billions), 2001-2010
Figure 42: South African Construction Output, Current Prices, US Dollars (In Billions), 2001-2010
Figure 43: South African Current Account Balance as Percentage of GDP, 2008-2017
Figure 44: South African Debt-Service Ratio, 2001-2010
Figure 45: South African Deposit Interest Rate, 2001-2010
Figure 46: South African Exports of goods and services, current prices (US$ Billion), 2001- 2010
Figure 47: South African External Debt as a percentage of GDP, 2001-2010
Figure 48: South African Fiscal Balance as a percentage of GDP, 2001-2010
Figure 49: South African Foreign Direct Investment (US$ Billion), 2001-2010
Figure 50: South African GDP at Purchasing Power Parity (US$ Billion), 2006-2015
Figure 51: South African GDP at Constant Prices (Local Currency Billion), 2006-2015
Figure 52: South African GDP at Constant Prices (US$ Billion), 2006-2015
Figure 53: South African GDP at Current Prices (ZAR Billion), 2006-2015
Figure 54: South African GDP at Current Prices (US$ Billion), 2006-2015
Figure 55: South African General Government Final Consumption Expenditure (US$ Billion), 2001-2010
Figure 56: South African Gross Fixed Capital Formation, Current Prices (US$ Billion), 2001-2010
Figure 57: South African Imports of goods and services (current US$ Billion), 2001-2010
Figure 58: South African Inflation, average consumer prices, 2008-2017
Figure 59: South African Interest Rates (Lending), 2001-2010
Figure 60: South African Manufacturing Output, Current Prices (ZAR Billion), 2001-2010
Figure 61: South African Manufacturing Output, Current Prices (US$ Billion), 2001-2010
Figure 62: South African Market Cap of Stock Exchange (US$ Million), 2001-2010
Figure 63: South African US$- Exchange Rate (Annual Average), 2002-2011
Figure 64: South African US$- Exchange Rate (EoP), 2002-2011
Figure 65: South African Wholesale Price Index, 2000-2009
Figure 66: South African Crude Oil Distillation Capacity (Thousand Barrels Per Cal Day), 2000-2009
Figure 67: South African Electricity Installed Capacity (Billion Kilowatt hours), 2001-2010
Figure 68: South African Electricity Installed Capacity (Billion Kilowatt hours), 2001-2010
Figure 69: South African Electricity Installed Capacity (Million Kilowatts), 2000-2009
Figure 70: South African Fossil Fuels Proved Oil Reserves (Billion Barrels), 2002-2011
Figure 71: South African Hydroelectricity Installed Capacity (Million Kilowatts), 2000-2009
Figure 72: South African Natural Gas Consumption (Billion Cubic Feet), 2001-2010
Figure 73: South African Natural Gas Consumption (Billion Cubic Feet), 2006-2010
Figure 74: South African Natural Gas Production (Billion Cubic Feet), 2001-2010
Figure 75: South African Net Conventional Thermal Electricity Generation (Billion Kilowatt hours), 2001-2010
Figure 76: South African Net Geothermal, Solar, Wind, and Wood Electric Power Generation (Billion Kilowatt hours), 2001-2010
Figure 77: South African Net Hydroelectric Power Generation (Billion Kilowatt hours), 2001-2009
Figure 78: South African Net Hydroelectric Power Generation (Billion Kilowatt hours), 2001-2010
Figure 79: South African Petroleum Consumption (Thousand Barrels Per Day), 2002-2011
Figure 80: South African Petroleum Production (Thousand Barrels Per Day), 2002-2011
Figure 81: South African Coal Consumption (Thousand Short Tons), 2001-2010
Figure 82: South African Coal Production (Thousand Short Tons), 2001-2010
Figure 83: South African Political Stability Index, 2002-2010
Figure 84: South African Transparency Index, 2002-2011
Figure 85: South African Fixed Broadband Internet Subscribers (Thousands), 2001-2010
Figure 86: Patents Granted, 2002-2011

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