Outlook On The GCC Defense Market To 2021-2026: Know Market Trends, Growth Factors, Covid-19 Impact & Its Emerging Opportunities

The Defense market in GCC is expected to grow at a CAGR of around 2.12% in the coming years due to the existing geopolitical tensions among GCC countries enabling the armies to strengthen their military power, thereby leading to massive investments in the defense sector. Furthermore, the need to enhance the local defense manufacturing firms by GCC countries and their efforts are other factors witness to create lucrative opportunities for the market in the coming years.

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Market Segmentation
• By Aircraft (Fighter Aircraft, Transport Aircraft, Surveillance Aircraft, Helicopter, Combat, Transport, UAVs (Surveillance, Armed))
• By Weapons & Ammunitions (Missiles & Air Defense Systems, Artillery systems & Mortar Systems, Infantry Weapons, Ammunitions)
• By Sea Based Platforms (Transport Ships, Combat Ships, Surveillance Ships)
• By Land-Based Vehicle (Infantry & Armored Vehicles, Tanks)
• By Personal Training & Protection (Training & Simulation, Personal Protective Equipment)
• By Maintenance, Repair & Overhaul (MRO) (Vehicles, Infantry & Armored Vehicles, Tanks)

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Country-wise Segmentation
• Saudi Arabia
• UAE
• Kuwait
• Oman
• Qatar
• Bahrain

Key Growth Drivers
• existing geopolitical tensions among GCC countries enabling the armies to strengthen their military power and leading to massive investments in their defense sectors
• the socio-political need for GCC countries to enhance the local defense manufacturing firms & their efforts and prepare for battles with countries like China, South Korea, & India
• the soaring need for large infantry forces promoting military modernization programs

Market Challenges
• dependence on imports, national infrastructure and resources
• the Saudi Arabian government’s reduced spending on the defense sector to focus more on the education sector.
• recent ban on Saudi Arabia by a few European countries impacting the procurement of defense equipment in the country

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Market 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.

Key Questions Answered in this Report:
1. What are the current & future trends in the GCC Defense Market?
2. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the GCC Defense Market?
3. How has the industry been evolving in terms of geography & services adoption?
4. How has the competition been shaping across GCC, followed by their comparative factorial indexing?
5. What are the key growth drivers & challenges for the GCC Defense Market?
6. What are the customer orientation, purchase behavior, and expectations from defense material providers across the GCC region?
7. What are the country-wise industry size, growth drivers, and challenges?
8. What are the key innovations, opportunities, current & future trends, and regulations in the GCC Defense Market?
9. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the GCC Defense Market based on a competitive benchmarking matrix?
10. What are the key results derived from the surveys conducted during the GCC Defense Market study?

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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.

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