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GCC Defence Market 2020 | Intelligence Insights by Growth Rate, Industry Size, Industry Scope, Current Trends, Future Forecast to 2024

GCC

The “GCC Defence Market” report provides a complete overview of the market trade scenario, size, segmentation, competition scenario, and others. It provides the perfect industry detailed description of the different products and service segments associated with the key players. GCC Defence market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. GCC Defence market report also includes new upcoming technology of GCC Defence Industry that will help to our clients.

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Market Overview:

  • The GCC defense market is anticipated to register a CAGR of 2.12% during the forecast period 2019–2024.
  • The existing geopolitical tensions between the countries of the GCC is forcing the armies to concentrate on strengthening their military power, thereby attracting investments in the defense sector.
  • The presence of high defense spending countries and the existence of high wealth in the region are expected to drive the growth of the market during the forecast period.
  • The necessity of improving the local defense manufacturing firms is being realized by the countries in the region. The efforts of these countries in this regard are expected to generate opportunities for the market in the years to c

    GCC Defence Market Covers Key Players:

  • Saudi Arabian Military Industries
  • Emirates Defence Industries Company
  • Advanced Electronics Company
  • Military Industries Corporation
  • Dahra Engineering & Security Services LLC
  • Lockheed Martin Corporation
  • The Boeing Company
  • Elbit Systems Ltd
  • Israel Aerospace Industries
  • Raytheon Company
  • Rheinmetall AG
  • Aselsan AS
  • Northrop Grumman Corporation
  • Thales SA
  • Honeywell International Inc.
  • BAE Systems PLC
  • Rockwell Collins
  • L3 Technologies Inc.
  • Airbus SE
  • Leonardo SpA*

    Some Major Points Covered in GCC Defence Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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    Scope of the Report:

  • The countries in the Gulf Cooperation Council (GCC) include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The GCC defense market outlook covers all aspects and provides insights about the budget allocation and spending in the past, present, and also during the forecast period.

    Key Market Trends:

    Procurement of Air-based Vehicles Expected to Drive the Market Revenues During the Forecast Period

    Though the countries in the region face threats from the sea, they also need to improve their air-based surveillance and defense capabilities. The recent imposition of air, land, and sea blockade on Qatar by the Arab countries, like Saudi Arabia, the United Arab Emirates (UAE), Bahrain, and Egypt is worsening the friendly relations in the region. In the wake of all these events, these counties are enhancing their air-based defense strength. In June 2017, the United States and Qatar signed a deal for the purchase of F-15 fighter jets, with an initial cost of USD 12 billion, which was expected to improve the air support mission capabilities of Qatar. The Hawk, an advanced jet trainer produced by BAE Systems, is operated in Saudi Arabia, Oman, Bahrain, Kuwait, and the United Arab Emirates. Since the end of 2017, BAE Systems delivered around 20 Hawk AJTs to Saudi Arabia. Recently, Qatar also completed negotiations with BAE Systems to procure Hawk trainers. Also, Kuwait, which has a comparatively less military aircraft strength in the region, also started focusing on developing its air-based vehicles capabilities. In the context of all these events, the market for air-based vehicles is expected to develop at a great pace in the GCC during the forecast period.

    Saudi Arabia to Dominate the GCC Defense Spending

    The military spending in Saudi Arabia is expected to increase, owing to the ambitions of the country to expand its armed forces, due to increasing conflicts in the Middle East & North African region. In 2017, the Saudi Arabian defense budget stood at USD 69.4 billion, making Saudi Arabia the third-largest defense spender worldwide, after the United States and China. Saudi Arabia has been cutting down the defense budget since 2015, as it made education the topmost priority in the budget allocation. Still, the defense spending of Saudi Arabia is more than the rest of the countries in the region.

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    Detailed TOC of GCC Defence Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 PESTLE Analysis

    5 MARKET SEGMENTATION
    5.1 Procurement
    5.1.1 Personnel Training and Protection
    5.1.1.1 Training and Simulation
    5.1.1.2 Protection Equipment
    5.1.2 Communication Systems
    5.1.3 Weapons and Ammunition
    5.1.3.1 Artillery and Mortar Systems
    5.1.3.2 Infantry Weapons
    5.1.3.3 Missiles and Missile Defense System
    5.1.3.4 Ammunitions
    5.1.4 Vehicles
    5.1.4.1 Land-based Vehicles
    5.1.4.2 Sea-based Vehicles
    5.1.4.3 Air-based Vehicles
    5.2 MRO
    5.2.1 Communication Systems
    5.2.2 Weapons and Ammunition
    5.2.3 Vehicles
    5.3 Country
    5.3.1 Saudi Arabia
    5.3.2 United Arab Emirates
    5.3.3 Qatar
    5.3.4 Kuwait
    5.3.5 Bahrain
    5.3.6 Oman

    6 DEFENSE SPENDING ANALYSIS OF GCC COUNTRIES

    7 COMPETITIVE LANDSCAPE
    7.1 Vendor Market Share
    7.2 Company Profiles
    7.2.1 Saudi Arabian Military Industries
    7.2.2 Emirates Defence Industries Company
    7.2.3 Advanced Electronics Company
    7.2.4 Military Industries Corporation
    7.2.5 Dahra Engineering & Security Services LLC
    7.2.6 Lockheed Martin Corporation
    7.2.7 The Boeing Company
    7.2.8 Elbit Systems Ltd
    7.2.9 Israel Aerospace Industries
    7.2.10 Raytheon Company
    7.2.11 Rheinmetall AG
    7.2.12 Aselsan AS
    7.2.13 Northrop Grumman Corporation
    7.2.14 Thales SA
    7.2.15 Honeywell International Inc.
    7.2.16 BAE Systems PLC
    7.2.17 Rockwell Collins
    7.2.18 L3 Technologies Inc.
    7.2.19 Airbus SE
    7.2.20 Leonardo SpA*

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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