Press Release

GCC Defence Market 2019: Comprehensive Analysis by Top Key Companies, Industry Growth, Size, Share, Market Insights, Sales Volume and Forecast to 2024

GCC

The “GCC Defence Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. GCC Defence market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. GCC Defence market report also offers market competitors that includes detailed company profiles along with company product specifications.

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

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    In GCC Defence Market Report, Following Companies Are Covered:

  • 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*

    GCC Defence Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    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.

    Reasons for Buying GCC Defence Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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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.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of GCC Defence create from those of established entities?

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    Detailed TOC of GCC Defence Market Report 2019-2024:

    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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