Expenditure within the Angolan defence industry has been forecast to reach a total of $8.7 billion by the end of 2018, rising from a value of $5.8 billion at the beginning of 2013.
Major drivers behind growth within this market include include the need to modernize equipment, and increased expenditure on border security.
Although Angola faces relatively low threats of external aggression, there are several factors that will stimulate the country's defence expenditure in the coming years.
Angolan military expenditure is expected to be mainly driven by its efforts to contain oil thefts and smuggling, as well as illegal immigration and human trafficking. Additionally, military modernization initiatives are expected to further increase the country's defence expenditure.
Defence equipment such as fighter and multi-role warplanes, helicopters, and patrol vessels are expected to be in high demand over the next five years.
The under developed domestic defence industry and low budget drive the Angolan government to procure from countries that supply low-cost defence equipment.
Angola carries a long history of internal conflicts which has marred its economic growth and stability. The civil war - a struggle for power between the Movement for the Liberation of Angola (MPLA), the National Liberation Front of Angola (FNLA) and the National Union for the Total Independence of Angola (UNITA) - lasted for 27 years, ending in 2002 and has destroyed the basic infrastructure of the nation including roads, railways, and bridges.
Even though the country has made immense progress in terms of political and economic stability, tension still exists within the nation, and there are even reports of occasional attacks against the police and Angolan Armed Forces (FAA) convoys.
To handle such unstable situations, the Angolan government maintains a paramilitary force that works towards establishing law and order, protecting private and public property, increasing detection, prevention and investigation of crimes within the country.
For more information on the Angolan defence industry, see the latest research: Angolan Defence Industry
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