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GCC Defense Market Research Report: Forecast (2021-2026)

By Aircraft (Fighter Aircraft, Transport Aircraft, Surveillance Aircraft, Helicopter, Combat, Transport, UAVs(Surveillance, Armed)), By Weapons & Ammunitions (Missiles & Air Defens......e 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), By Country (Saudi Arabia, UAE, Kuwait, Oman, Qatar, Bahrain), 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.) Read more

Aerospace & Defense
Jun 2021
Pages 154
Report Format: PDF, Excel, PPT

Market Definition

Several countries in the GCC region are spending extensively in their respective defense sectors to strengthen their national security. However, these expenses are sent majorly to contractors of other nations. Hence, countries across the GCC region must increasingly focus on local defense manufacturing capabilities to boost their economy.

Besides, another reason Gulf countries are raising investments in their defense sectors is the increasing geopolitical tensions among them. Hence, with the approach toward local manufacturing, these countries are anticipated to display vibrant growth in their manufacturing sectors & generate significant growth opportunities.

Gulf countries have a competitive edge of massive military budgets, the ability to learn from the other regions, and a drive to bring greater efficiency in their defense bases. In the coming years, several prominent defense equipment manufacturers shall work directly with the governments & militaries of different countries in the GCC region under the umbrella of joint management & risk-sharing initiatives to enable better transparency & information sharing. Besides, the contractors for various defense equipment shall become more proactive in developing & procuring defense systems in the years to come.

Market Insights

The GCC Defense Market is projected to grow at a CAGR of around 2.12% during the forecast period, i.e., 2021-26. The market is driven principally by the rapidly increasing & existing geopolitical tensions among different countries across the GCC region entwined with their growing focus on strengthening national security with massive investments and procurement of advanced defense equipment & weapons.

Report Coverage	Details
Study Period	Historical Data: 2016-19
	Base Year: 2020
	Forecast Period: 2021-26
CAGR(2021-26)	2.12%
Country Covered	Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman
Key Companies Profiled	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.)
Unit Denominations	USD Million/Billion

In addition, these countries are working on improving their local defense manufacturing. With more lethality, range, & flexibility in weapons, different GCC countries are inclined toward advancing these weapons & other equipment like combat ships, jets, missile defense systems, etc. Although several technologies are yet to enter the market and are in their developmental phases, different countries & their respective militaries are seeking autonomous weapon technology and testing weapons that could fight on their own.

In recent years, different countries in the region have inclined more toward equipment modernization and displayed a shift from outsourced & offshore maintenance to onshore Maintenance, Repair & Overhaul (MRO) contractors. Additionally, the market shall also expand due to a greater influence of local military capabilities across the GCC region to support secured supplies of defense equipment, operational sovereignty, & display a source of pride. It, in turn, would also create job opportunities for local talents, increase research & development activities, and enable economies to diversify their resources away from the oil & gas sector.

Impact of Covid-19 on the GCC Defense Market

The Covid-19 pandemic in 2020 catastrophically impacted most industries across the GCC region. However, the GCC Defense Market underwent a moderate effect of the crisis. The governments of different countries in the region imposed stringent movement restrictions & lockdown to curb the spread of this dreadful disease, which led to supply chain disruptions, shortage of raw materials, challenges associated with logistics, & reduced defense expenditure, among others. Additionally, investments in several research & development activities & business expansion got reduced to resist the decline in revenue & operating performance of the market.

Besides, since most countries across the region were investing in resources to address the various issues associated with the pandemic, there were delayed purchase orders in the defense sector throughout 2020. However, with the gradual improvement in the situation, governments uplifted restrictions and allowed the recommencement of business operations.

The supply chains are back on track, with deliveries & distribution of defense equipment regaining their momentum across the region. As a result, the market is anticipated to generate remunerative growth opportunities for the leading players in the coming years.

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Segmentation
Preface
Executive Summary
Impact of COVID-19 on GCC Defence Market
GCC Defence Market Trends & Insights
GCC Defence Market Dynamics
1. Drivers
2. Challenges
3. Impact Analysis
GCC Defence Market Hotspots & Opportunities
GCC Defence Market Value Chain Analysis
GCC Defence Market Regulations & Policy
GCC Defence Market Outlook, 2016- 2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Aircraft
    1. Fighter Aircraft
    2. Transport Aircraft
    3. Surveillance Aircraft
    4. Helicopter
      1. Combat
      2. Transport
    5. UAVs
      1. Surveillance
      2. Armed
  2. By Weapons & Ammunitions
    1. Missiles & Air Defence Systems
    2. Artillery systems & Mortar Systems
    3. Infantry Weapons
    4. Ammunitions
  3. By Sea Based Platforms
    1. Transport Ships
    2. Combat Ships
    3. Surveillance Ships
  4. Land Based Vehicles
    1. Infantry & Armoured Vehicles
    2. Tanks
  5. Personal Training & Protection
    1. Training & Simulation
    2. Personal Protective Equipment
  6. Maintenance, Repair & Overhaul (MRO)
    1. Vehicles
    2. Weapons & Ammunitions
    3. Communication Systems
  7. By Country
    1. Saudi Arabia
    2. UAE
    3. Qatar
    4. Kuwait
    5. Bahrain
    6. Oman
  8. By Competitors
    1. Competition Characteristics
    2. Market Share & Analysis
    3. Competitive Matrix
Saudi Arabia Defence Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Aircraft
  2. By Weapons & Ammunitions
  3. By Communication Systems
  4. By Sea-Based Platforms
  5. By Land Based Platforms
  6. Personal Training & Protection
  7. Maintenance, Repair & Overhaul (MRO)
UAE Defence Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Aircraft
  2. By Weapons & Ammunitions
  3. By Communication Systems
  4. By Sea-Based Platforms
  5. By Land Based Platforms
  6. Personal Training & Protection
  7. Maintenance, Repair & Overhaul (MRO)
Qatar GCC Defence Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Aircraft
  2. By Weapons & Ammunitions
  3. By Communication Systems
  4. By Sea-Based Platforms
  5. By Land Based Platforms
  6. Personal Training & Protection
  7. Maintenance, Repair & Overhaul (MRO)
Kuwait GCC Defence Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Aircraft
  2. By Weapons & Ammunitions
  3. By Communication Systems
  4. By Sea-Based Platforms
  5. By Land Based Platforms
  6. Personal Training & Protection
  7. Maintenance, Repair & Overhaul (MRO)
Bahrain GCC Defence Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Aircraft
  2. By Weapons & Ammunitions
  3. By Communication Systems
  4. By Sea-Based Platforms
  5. By Land Based Platforms
  6. Personal Training & Protection
  7. Maintenance, Repair & Overhaul (MRO)
Oman GCC Defence Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Aircraft
  2. By Weapons & Ammunitions
  3. By Communication Systems
  4. By Sea-Based Platforms
  5. By Land Based Platforms
  6. Personal Training & Protection
  7. Maintenance, Repair & Overhaul (MRO)
Key Strategic Imperatives for Success and Growth
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
Company Profiles
1. Saudi Arabian Military Industries
2. Emirates Defence Industries Company
3. Advanced Electronics Company
4. Military Industries Corporation
5. Dahra Engineering and Security Services LLC
6. Lockheed Martin Corporation
7. The Boeing Company
8. Elbit Systems Ltd
9. Israel Aerospace Industries
10. Raytheon Company
11. Rheinmetall AG
12. Aselsan AS
13. Northrop Grumman Corporation
14. Thales SA
15. Honeywell International Inc.
16. BAE Systems PLC
17. Rockwell Collins
18. L3 Technologies Inc.
19. Airbus SE
20. Leonardo SpA
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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