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South African Defense Market 2016: Industry Review, Insights Cheap Quenton Nelson Jersey , Demand and Analysis to 2021 Marketing Articles | July 31, 2016

Market Research Report on South African Defense Market 2016 is a professional and in-depth complete study on the current state of the South African Defense worldwide.



The South African defense budget values US$4.1 billion in 2016, dropping from US$4.6 billion in 2012, and registered a CAGR of -2.56% during 2012-2016. Even though the actual budget increased in local currency, it showed a downward trend in terms of dollar value owing to variations in the exchange rate. However, modest growth in defense expenditure is expected during the forecast period at a CAGR of 1.83% Cheap T.Y. Hilton Jersey , to reach a value US$4.6 billion in 2021. The country's defense budget is mainly driven by factors such as modernization initiatives, participation in peacekeeping missions, and border security challenges.


Key Findings
- During 2012-2016, South African defense expenditure registered a growth rate of -2.56%,decreasing from US$4.6billion in 2012 to US$4.1 billion in 2016


- South African military expenditure, valued at US$4.1billion in 2016 Cheap Andrew Luck Jersey , is expected to increase to US$4.6 billion by 2021, registering a CAGR of 1.83% over the forecast period


- South African military exp