Algeria Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2024-2029

Algeria Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2024-2029

Summary

Algeria Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2024-2029 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

During the historic period, the surge in Algeria’s defense expenditure was mainly driven by the threat of radicalism and terrorism from neighboring Libya and Mali. A flurry of coups deposing democratically elected governments in Burkina Faso, Chad, Gabon, Guinea, Mali, Niger, and Sudan since 2020 has created a belt of unstable countries along Algerian frontiers. This instability offers fertile ground for the growth of radicalism. Algeria's defense spending more than doubled, soaring from $9.7 billion in 2020 to $21 billion in 2024, exhibiting a remarkable compound annual growth rate (CAGR) of 21.3%. Over the forecast period of 2025-29, defense expenditure is anticipated to increase from $21.5 billion in 2025 to $23.2 billion in 2029, reflecting a CAGR of 1.8%. Concurrently, the acquisition component of defense expenditure is anticipated to increase at a CAGR of 1.6% during 2025-29. The country is projected to cumulatively spend $111.9 billion over 2025-29.

Key Highlights

• Drivers of Defense expenditure include modernization of the Algerian Armed Forces, border disagreements with Morocco and strategic interest in Mali.
• The most attractive sectors in Algeria’s defense market are military fixed wing aircraft, military land vehicles and missiles and missile defense systems.
• Major ongoing procurement programs include procurement of Su-57E, Meko A200 Frigate and Fuchs 2.

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Scope

This report offers detailed analysis of Algeria defense market 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.

In particular, it provides an in-depth analysis of the following -

• Algeria defense budget: detailed analysis of Algeria 2024 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of Algeria military doctrine and strategy to provide a comprehensive overview of Algeria military procurement regulation.
• Security Environment: political alliances and perceived security threats to Algeria are examined; there help to explain trends in spending and modernisation.
• Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
• Competitive landscape and strategic insights: analysis of the competitive landscape of Algeria's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the French defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the French market and identify the opportunities offered.
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the Algeria defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Algeria government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available