GCC Defence Market 2019-2024 Leading Countries with Growth Rate, Price, Revenue, Size, Share, Latest Trends, and Forecast

GCC Defence

GCC Defence Market report 2019 shows the market segment and regional analysis by size, growth, and forecast year. GCC Defence market report also covers the competitive analysis, merger acquisition and marketing strategies that is adopted by leading players. GCC Defence market report covers the details of company profile, products, services, and recent developments that will be beneficial for new entrants.

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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 Includes Major 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*

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    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.

    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.

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    Key Questions Answered in the Report:

    • What will the market growth rate of market in 2024?
    • What are the key factors that affects the GCC Defence market?
    • Who are the key manufacturers in market?
    • What are the market drivers, restraints and opportunities of GCC Defence Market?
    • What are the market size, share and forecast for different regions?
    • What are sales, revenue, and price analysis by regions of GCC Defence industry?

    GCC Defence Market Report Covered Following Points in TOC:

    • Overview of Company Profile
    • Market Insights, Buyers and Suppliers of Company
    • Market Dynamics like Drivers, Risk, Opportunities of Market
    • Market Segment by Types, Applications, and Size
    • Regional Market Analysis by Size, Growth Rate and Forecast Year
    • Competitors Analysis by Leading Players, Mergers, Acquisitions, Joint Ventures, Collaborations & Agreements
    • GCC Defence Market’s Recent Developments and Future Strategies.

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    GCC Defence Market Covers Following Points in TOC:

    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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