DUBLIN--(BUSINESS WIRE)--Jun 8, 2018--The "Future of the Libyan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.

This report 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.

Libyan defense industry, valued at over US$3 Billion in 2019, is anticipated to record a CAGR of more than 1.5% over the forecast period, to reach about US$3.4 Billion in 2023. 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.

Libyan capital expenditure is expected to increase from over US$550 million in 2019 to about US$580 million in 2023, growing at a CAGR of just over 1.4%. The Libyan government is expected to procure multi-role and fighter aircraft, transport aircraft and helicopters, personnel weapons, armored vehicles, body armor & personnel protection equipment radar, and imaging systems, and other surveillance equipment. Business opportunities will arise in the form of security platforms as the country looks to strengthen its borders.

One of the major security challenges Libya faces is its 2000km Mediterranean coastline. Threats from six neighboring African countries are ever present and organized crime is prevalent in the border region. The porousness of Libya's border and its susceptibility to smuggling along, with the circulation of criminals, led to high spending on the country's homeland security (HLS).

Companies Mentioned

KBP Instrument Design Bureau Leonardo S.p.A. Lockheed Martin

Key Topics Covered

1. Introduction

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

For more information about this report visit https://www.researchandmarkets.com/research/fgwnl9/the_future_of_the?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180608005509/en/

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Related Topics:Military Aerospace and Defense

KEYWORD: LIBERIA AFRICA

INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/08/2018 11:56 AM/DISC: 06/08/2018 11:56 AM

http://www.businesswire.com/news/home/20180608005509/en