Future of the Libyan Defense Industry

LONDON, March 19, 2015 /PRNewswire/ -- Summary
The Future of the Libyan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020, published by Strategic Defence Intelligence, 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.

Key Findings
- Over the historic period, the Libyan defense expenditure registered a growth rate of 13.75%, increasing from US$2.5 billion in 2011 to US$4.1 billion in 2015

- The Libyan military expenditure, valued at US$4.1 billion in 2015, is expected to increase to US$6.2 billion by 2020, registering a CAGR of 8.11% over the forecast period

- The Libyan military expenditure will be driven by the efforts to rebuild the armed forces along with the acquisition of advanced defense system to replace aging military equipment

- The Defense Ministry is expected to procure Transport Aircraft, Training and Logistics Support, Transport Helicopters, and Fighters and Multi-role Aircraft#


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