Factors behind the robust growth of the GCC Defense Market in the Forecast Period with a CAGR of 2.12 %

According to MarkNtel Advisors research report, “GCC Defense Market Analysis, 2021,” the market shall grow at a CAGR of 2.12% in the forecast period of 2021-26 due to robust military capabilities that ensure secure supplies and reinforce operational sovereignty. Furthermore, military design & manufacturing capabilities are likely to create skilled jobs for local talent, stimulate research & development, and help multiple economies expand away from oil & gas. Hence, based on these aspects, the GCC Defense Market is likely to witness robust growth.

Get a sample copy of the market report: https://www.marknteladvisors.com/query/request-sample/gcc-defense-market.html

Key questions answered in the study
1. What are the current and future trends in the GCC Defense Market?
2. How has the market been evolving in terms of end-user demand and application areas?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for GCC Defense Market?
5. What is the customer orientation, purchase behavior, and expectations from the GCC Defense Market service provider across various countries?

Combat ships to exhibit the Fastest Market Growth
Based on Sea-Based Platforms, the GCC Defense Market segments into Transport Ships, Combat Ships, Surveillance Ships, where the Combat ships are more likely to witness substantial growth in the forecast years. The financial surge of the emerging economies shall make a positive impact on the sea-based platforms due to the rising disposable income and the burgeoning demand for defense equipment. Furthermore, multiple developed economies of the GCC region shall register a stable growth rate in the forecast period owing to the massive increase of funding & investments for the nation's security, thereby driving the sea-based platform in the coming period.

Infantry Weapons to Attain the Largest Market Share
Based on Weapons & Ammunitions, the market further segments into Missiles & Air Defense Systems, Artillery systems & Mortar Systems, Infantry Weapons, Ammunitions. Here, the Infantry Weapons shall attain the largest market share. It is mainly due to factors, like growth in defense material donations, broadening supplier base, set up of industrial network within & beyond GCC, enlarge foreign policy clout by defense exports, and third-country defense funding.

For detailed analysis: https://www.marknteladvisors.com/research-library/gcc-defense-market.html

“GCC Defense Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Defense providers across the countries. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

According to MarkNtel Advisors, the major leading players in the GCC Defense Market are 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.

Market Segmentation:
1. By Aircraft (Fighter Aircraft, Transport Aircraft, Surveillance Aircraft, Helicopter, Combat, Transport, UAVs(Surveillance, Armed))
2. By Weapons & Ammunitions (Missiles & Air Defense Systems, Artillery systems & Mortar Systems, Infantry Weapons, Ammunitions)
3. By Sea Based Platforms (Transport Ships, Combat Ships, Surveillance Ships)
4. By Land-Based Vehicle (Infantry & Armored Vehicles, Tanks)
5. By Personal Training & Protection (Training & Simulation, Personal Protective Equipment)
6. By Maintenance, Repair & Overhaul (MRO) (Vehicles, Infantry & Armored Vehicles, Tanks)
7. By Country (Saudi Arabia, UAE, Kuwait, Oman, Qatar, Bahrain)
8. By Competitors (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.)

MarkNtel Advisors
1147 88AVE, Delta, British Columbia, BC,V4C,3B8, CANADA
Email: sales@marknteladvisors.com
Tel: +1613-707-5086
Website: https://www.marknteladvisors.com

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.