The Iraqi Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

Table of Contents

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. Current Market Scenario
  • 3.1.1. Primary threat perception
  • 3.1.2. Military Doctrine and Strategy
  • 3.1.3. Procurement Programs
  • 3.1.4. Top Procurement Programs by Value (US$ Million), 2019-2024
  • 3.1.5. Geopolitical, Social and Economic Scenario
  • 3.1.6. Political and Strategic Alliances
• 3.2. Defense Market Size Historical and Forecast
  • 3.2.1. Iraqi annual defense expenditure to reach US$9.7 billion by 2024
  • 3.2.2. US Military and Security Aid
  • 3.2.3. Territorial disputes and the war against terrorism are expected to drive defense expenditure
  • 3.2.4. Iraq’s defense expenditure as a percentage of GDP to decrease over 2020-2024
• 3.3. Analysis of Defense Budget Allocation
  • 3.3.1. Capital expenditure share to average 28.2% over the forecast period
  • 3.3.2. Capital expenditure to increase over the forecast period
  • 3.3.3. Per capita defense expenditure expected to increase over the forecast period
• 3.4. Homeland Security Market Size and Forecast
  • 3.4.1. Allocation for the police forms the major component of the country’s homeland security expenditure
  • 3.4.2. Fighting terrorism, controlling sectarian violence, and oil infrastructure protection will be the key factors driving homeland security
• 3.5. Benchmarking with Key Global Markets
  • 3.5.1. Iraqi defense expenditure expected to record a CAGR of 5.50% over 2020-2024
  • 3.5.2. Iraqi defense expenditure is low compared to other major defense spenders
  • 3.5.3. Iraq’s defense expenditure is anticipated to reach 3.1% of GDP in 2024
• 3.6. Market Opportunities: Key Trends and Growth Stimulators
  • 3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections Over 2019-2024
  • 3.6.2. Military Infrastructure and Logistics-Infrastructure Construction
  • 3.6.3. Military Infrastructure and Logistics Facilities Management
  • 3.6.4. Land-based C4ISR

4. Defense Procurement Market Dynamics

• 4.1. Import Market Dynamics
  • 4.1.1. Defense imports decreased during 2014-2018
  • 4.1.2. The US and Russia were the leading suppliers of arms during 2014-2018
  • 4.1.3. Aircraft and armored vehicles accounted for the majority of defense imports between 2014 and 2018
• 4.2. Export Market Dynamics
  • 4.2.1. Iraq’s defense export market is negligible

5. Industry Dynamics

• 5.1. Five Forces Analysis
  • 5.1.1. Bargaining Power of the Supplier: Medium
  • 5.1.2. Bargaining Power of the Buyer: Medium
  • 5.1.3. Barriers to Entry: Low
  • 5.1.4. Intensity of Rivalry: Medium to High
  • 5.1.5. Threat of Substitution: Medium to High

6. Market Entry Strategy

• 6.1. Market Regulation
  • 6.1.1. The Iraqi government allows FDI in the defense industry
  • 6.1.2. Iraq has not disclosed any offset obligations
• 6.2. Market Entry Route
  • 6.2.1. Budgeting Process
  • 6.2.2. Procurement Policy and Process
  • 6.2.3. Government to government deals are an attractive entry route to the country’s defense market
  • 6.2.4. Establishment of representative office obtains eligibility for participating in procurement tenders
• 6.3. Key Challenges
  • 6.3.1. Corruption acts as an obstacle for market entry
  • 6.3.2. Lack of skilled labor

7. Competitive Landscape and Strategic Insights

• 7.1. Competitive Landscape Overview
  • 7.1.1. Top Defense Suppliers in Iraqi Defense Industry by Value (US$ Million), 2019-2024
  • 7.1.2. Iraq Market Share Analysis, 2018
  • 7.1.3. Iraqi defense sector is dominated by foreign competitors
• 7.2. Key Foreign Companies
  • 7.2.1. General Dynamics Corporation: Overview
  • 7.2.2. General Dynamics Corporation: Products
  • 7.2.3. General Dynamics Corporation: Recent Announcements and Strategic Initiatives
  • 7.2.4. General Dynamics Corporation: Alliances
  • 7.2.5. General Dynamics Corporation: Recent Contract Wins
  • 7.2.6. Lockheed Martin: Overview
  • 7.2.7. Lockheed Martin: Products
  • 7.2.8. Lockheed Martin: Recent Announcements and Strategic Initiatives
  • 7.2.9. Lockheed Martin: Alliances
  • 7.2.10. Lockheed Martin: Recent Contract Wins
  • 7.2.11. BAE Systems Plc: Overview
  • 7.2.12. BAE Systems Plc: Products and Services
  • 7.2.13. BAE Systems Plc: Recent Announcements and Strategic Initiatives
  • 7.2.14. BAE Systems Plc: Alliances
  • 7.2.15. BAE Systems Plc: Recent Contract Wins
  • 7.2.16. Bell Helicopter Textron, Inc: Overview
  • 7.2.17. Bell Helicopter Textron, Inc: Products and Services
  • 7.2.18. Bell Helicopter Textron, Inc: Recent Announcements and Strategic Initiatives
  • 7.2.19. Bell Helicopter Textron, Inc: Alliances
  • 7.2.20. Bell Helicopter Textron, Inc: Recent Contract Wins
  • 7.2.21. Raytheon: Overview
  • 7.2.22. Raytheon: Products
  • 7.2.23. Raytheon: Recent Announcements and Strategic Initiatives
  • 7.2.24. Raytheon: Alliances
  • 7.2.25. Raytheon: Recent Contract Wins
  • 7.2.26. Raytheon: Financial Analysis

8. Business Environment and Country Risk

• 8.1. Economic Performance
  • 8.1.1. GDP Per Capita
  • 8.1.2. GDP, Current Prices
  • 8.1.3. Exports of Goods and Services (LCU)
  • 8.1.4. Imports of Goods and Services (LCU Trillion)
  • 8.1.5. Local Currency Unit per US$
  • 8.1.6. Goods Exports as a Percentage of GDP
  • 8.1.7. Goods Imports as a Percentage of GDP
  • 8.1.8. Service Imports as a Percentage of GDP
  • 8.1.9. Service Exports as a Percentage of GDP
  • 8.1.10. Foreign Direct Investment
  • 8.1.11. Net Foreign Direct Investment as a Percentage of GDP
  • 8.1.12. Mining, Manufacturing, Utilities Output

9. Appendix

• 9.1. About GlobalData