Kenya Aerospace and Defense Market and Analysis Report – Opportunities and Forecast 2024-2031
Major Kenya Aerospace and Defense Market Drivers
The Kenya aerospace and defense market is estimated to rise due to an increase in government expenditure, advancement in space activities, growing research and development activities, and rising conflict between countries. In the East and Central African region, Kenya boasts one of the most proficient armed forces. The projected factors propelling increased military spending in the forecast period include the Kenyan government’s initiatives to improve military capabilities and capacity, the imperative to counter terrorist organizations efficiently, and the country’s involvement in different peacekeeping endeavors. In the forecast period, it is anticipated that nearly 3.8% of the country’s defense budget will be allocated to acquisition expenditures. Kenya’s capital spending during this period is projected to aim at platform-based Missile Defense Systems and armored multirole automobiles.
Kenya has been gradually boosting its defense spending due to different threats posed by terrorist attacks. With the focus on improving its strategic military aims and fortifying its defense against both external and internal threats, the government plans to equip its armed forces with more improved technology. In addition, the Kenyan government has initiated the replacement of aging platforms and the modernization and upgrading of relatively newer ones to prolong their functional lifespan. In addition, Kenya’s vision for 2030, focused on propelling economic growth and employment, will further bolster defense spending.
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The nation has outlined a foreign policy delineating a specific set of objectives focused on increasing the protection and promotion of its national interests. Within this framework, security and defense policies play an integral role. Kenya’s security and defense policy primarily focuses on upholding peace by prohibiting the threat or use of force in resolving disputes between states. It also looks to drive cooperation among states and maintain a stable balance of forces at the lowest feasible level to confirm security. The defense and aerospace policy of Kenya is dictated by the nation’s constitutional definition of its national interests. It is expressed by its citizens and propelled by the political leadership of the country.
In addition, Kenya is predominantly reliant on imported military equipment for its security forces, with different procurement contracts finalized through government-to-government agreements. The country sources its defense equipment from a variety of countries, including Serbia, the US, Russia, Jordan, China, and others. Furthermore, Defense Cooperation Agreements have become a popular practice for institutionalized defense collaboration. These agreements establish all-inclusive legal frameworks aimed at defense, hence facilitating arms procurement and serving as a primary avenue for market entry into Kenya’s defense and aerospace market.
Report Coverage |
Details |
Market Revenues (2023) |
USD Million |
Market Base Year |
2023 |
Market Forecast Period |
2024-2031 |
Base Year & Forecast Units |
Revenues (USD Million) |
Regional Coverage | KENYA |
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Related Reports
- Published Date: Apr-2024
- Report Format: Excel/PPT
- Report Code: GR24AB-01-00211
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Kenya Aerospace and Defense Market and Analysis Report – Opportunities and Forecast 2024-2031
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