Report Detail
Kuwaiti Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024
- RnM3690965 |
- 23 August, 2019 |
- Global |
- 116 Pages |
- GlobalData |
- Aerospace & Defense
Kuwaiti Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024
Summary
Kuwaiti Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024, published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news.
This report offers detailed analysis of the Kuwaiti defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
In particular, it provides an in-depth analysis of the following -
- The Kuwaiti defense industry market size and drivers: detailed analysis of the Kuwaiti defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns.
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
- Market opportunities:list of the top ten defense investment opportunities over the next 5 years.
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Kuwaiti defense industry.
Scope
- Kuwait consistently increased its military and security expenditure over 2015-2019 - following a dip in the year 2014 - aided by revenue generated from oil exports. The Gulf Cooperation Council (GCC) member states together are forecast to spend over US$100 billion on their defense capabilities for the first time during 2019.
- The country’s defense budget is expected to expand with increases in spending primarily focused on modernizing military force structure and improving readiness in response to continuing regional instability in the Gulf Area. Kuwaiti military and security expenditure, which stood at US$6.6 billion in 2019, registered a CAGR of 9.88% during the historical period.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Kuwaiti defense industry market trends for the coming five years.
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period.
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector.
- A deep qualitative analysis of the Kuwaiti defense industry covering sections including demand drivers, key trends and latest industry contracts.
Table of Contents
LIST OF FIGURES
LIST OF TABLES
1. Introduction
- 1.1. What is this Report About?
- 1.2. Definitions
- 1.3. Summary Methodology
- 1.4. About GlobalData
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
- 3.1.1. Primary Threat Perception
- 3.1.2. Military Doctrine and Strategy
- 3.1.3. Procurement Programs
- 3.1.4. Geopolitical, Social and Economic Scenario
- 3.1.5. Political and Strategic Alliances
- 3.2.1. Defense and security expenditure to cumulatively value US$35.8 billion over the forecast period
- 3.2.2. The border dispute with Iraq, coupled with its military modernization program, will be key factors in driving defense expenditure
- 3.2.3. Defense budget as a percentage of GDP to average 4.1% over the forecast period
- 3.3.1. Capital expenditure allocation to increase over the forecast period
- 3.3.2. Capital expenditure is expected to grow at a CAGR of 3.61% over the forecast period
- 3.3.3. Per capita defense expenditure to increase over the forecast period
- 3.4.1. Kuwait’s homeland security budget is set to increase at a CAGR of 0.84% over the forecast period
- 3.4.2. Cyber threats, drug trade, and human trafficking will be the key factors to drive homeland security
- 3.5.1. Kuwaiti defense expenditure is expected to increase over the forecast period
- 3.5.2. The country has a relatively low defense budget compared to other Middle Eastern nations
- 3.5.3. Kuwaiti defense expenditure as a percentage of GDP is expected to decrease
- 3.6.1. Top 10 Defense Sectors by Value (US$ Million) - Projections over 2019-2024
- 3.6.2. Naval Vessels MRO - Corvettes
- 3.6.3. Airborne C4ISR
- 3.6.4. Armored Vehicles and MBTs
4. Defense Procurement Market Dynamics
- 4.1. Import Market Dynamics
- 4.1.1. Kuwaiti defense industry is import driven
- 4.1.2. Kuwait imports the majority of its military equipment from the US
- 4.1.3. Air defense systems, aircraft and missiles to dominate Kuwaiti defense imports
- 4.2. Export Market Dynamics
- 4.2.1. Kuwait’s defense export market is negligible
5. Industry Dynamics
- 5.1. Five Forces Analysis
- 5.1.1. Bargaining power of the supplier: high
- 5.1.2. Bargaining power of the buyer: medium to high
- 5.1.3. Barrier to entry: medium
- 5.1.4. Intensity of rivalry: low to medium
- 5.1.5. Threat of substitution: high
6. Market Entry Strategy
- 6.1. Market Regulation
- 6.1.1. The Kuwaiti Government does not disclose FDI in the defense industry
- 6.1.2. Offset policy aids the transfer of advanced technologies and integration into the local economy
- 6.2. Market Entry Route
- 6.2.1. Budgeting process
- 6.2.2. Procurement policy and process
- 6.2.3. Foreign military sales (FMS) is the preferred entry route
- 6.2.4. Gulf Co-operation Council (GCC) to form joint Military Command, which could be an alternative entry route for foreign OEMs
- 6.3. Key Challenges
- 6.3.1. The US dominates the Kuwaiti market, posing challenges to other foreign firms
- 6.3.2. Scarcity of skilled labor
7. Competitive Landscape and Strategic Insights
- 7.1. Competitive Landscape Overview
- 7.1.1. Kuwait Market Share Analysis, 2018
- 7.1.2. The Kuwaiti defense sector is dominated by foreign competitors
- 7.2. Key Foreign Companies
- 7.2.1. Lockheed Martin: Overview
- 7.2.2. Lockheed Martin: Products and services
- 7.2.3. Lockheed Martin: Recent announcements and strategic initiatives
- 7.2.4. Lockheed Martin: Alliances
- 7.2.5. Lockheed Martin: Recent contract wins
- 7.2.6. Lockheed Martin: Financial analysis
- 7.2.7. Raytheon: Overview
- 7.2.8. Raytheon: Major products
- 7.2.9. Raytheon: Recent announcements and strategic initiatives
- 7.2.10. Raytheon: Alliances
- 7.2.11. Raytheon: Contracts
- 7.2.12. Raytheon: Financial analysis
- 7.2.13. Abu Dhabi Ship Building PJSC: Overview
- 7.2.14. Abu Dhabi Ship Building PJSC: Recent announcements and strategic initiatives
- 7.2.15. Abu Dhabi Ship Building PJSC: Contracts
- 7.2.16. Boeing: Overview
- 7.2.17. Boeing: Products
- 7.2.18. Boeing: Recent announcements and strategic initiatives
- 7.2.19. Boeing: Alliances
- 7.2.20. Boeing: Contracts
- 7.2.21. Eurofighter Jagdflugzeug: Overview
- 7.2.22. Eurofighter Jagdflugzeug: Products
- 7.2.23. Eurofighter Jagdflugzeug: Recent announcements and strategic initiatives
- 7.2.24. Eurofighter Jagdflugzeug: Recent contract wins
- 7.2.25. Airbus Helicopters: Overview
- 7.2.26. Airbus Helicopters: Products and services
- 7.2.27. Airbus Helicopters: Recent announcements and strategic initiatives
- 7.2.28. Airbus Helicopters: Alliances
- 7.2.29. Airbus Helicopters: Recent contract wins
- 7.2.30. General Dynamics: Overview
- 7.2.31. General Dynamics: Products
- 7.2.32. General Dynamics: Recent announcements and strategic initiatives
- 7.2.33. General Dynamics: Alliances
- 7.2.34. General Dynamics: Recent contract wins
- 7.2.35. General Dynamics: financial analysis
- 7.2.36. Leonardo: Overview
- 7.2.37. Leonardo: Products and Services
- 7.2.38. Leonardo-: Recent announcements and strategic initiatives
- 7.2.39. Leonardo: Recent contract wins
- 7.2.40. Leonardo: Financial Analysis
8. Business Environment and Country Risk
- 8.1. Economic Performance
- 8.1.1. GDP per Capita
- 8.1.2. Gross Domestic Product
- 8.1.3. Exports of Goods and Services
- 8.1.4. Imports of Goods and Services
- 8.1.5. Gross National Disposable Income (US$ Billion)
- 8.1.6. LCU per US$ (Period Average)
- 8.1.7. Market Capitalization of Listed Companies
- 8.1.8. Market Capitalization of Listed Companies as a Percentage GDP
- 8.1.9. Total Government Cash Surplus/Deficit as a Percentage of GDP
- 8.1.10. Goods Exports as a Percentage of GDP
- 8.1.11. Goods Imports as a Percentage of GDP
- 8.1.12. Services Imports as a Percentage of GDP
- 8.1.13. Services Exports as a Percentage of GDP
- 8.1.14. Net Foreign Direct Investment
- 8.1.15. Net Foreign Direct Investment as a Percentage of GDP
- 8.1.16. Mining, Manufacturing, Utilities Output
9. Appendix
- 9.1. About GlobalData
Summary:
Get latest Market Research Reports on Attractiveness, Competitive Landscape and Forecasts. Industry analysis & Market Report on Attractiveness, Competitive Landscape and Forecasts is a syndicated market report, published as Kuwaiti Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024. It is complete Research Study and Industry Analysis of Attractiveness, Competitive Landscape and Forecasts market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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