The GCC Defense Market is set to experience 2.12% CAGR during 2021-26, cites a recent report by MarkNtel Advisors. The study comprises a comprehensive analysis of the industry's latest trends, developments, drivers, restraints, challenges, & opportunities, along with its projected growth trajectory across different segments & geographies in the future.
These parameters incorporate growth drivers, challenges, restraints, opportunities, ongoing trends, and recent developments, among others, with the sole aim to offer an unbiased, accurate, & reliable source of information to the stakeholders, catering them to make informed decisions in the dynamic GCC Defense Market.
Market Dynamics:
Key Driver: Rapid Technological Advancements & Favorable Regulations by Member Countries
With swiftly escalating geopolitical tensions among countries, the government is immensely investing in the defense sector & taking initiatives in several research & development activities to procure weapons & equipment with advanced technology having more accuracy, lethality, and range. Besides, the dynamic warfare nature and rising cases of terrorist activities are further instigating the need to strengthen national security with a robust defense system. Hence, gulf countries are anticipated to drive the market in the coming years.
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Competitive Analysis
The study includes information that the researchers obtained after thoroughly profiling numerous well-known businesses active in the GCC Defense Market. In addition to other responsibilities and participation of the companies surviving in the market, this section discusses tactics, recent advancements, expansion plans, product/service portfolio, mergers & acquisitions, and opportunities exploited to obtain profit margins. The stakeholders can make use of this data and plan their investments carefully in order to generate more earnings in the future. The paper profiles a number of notable figures, including:
-Saudi Arabian Military Industries
-Emirates Defence Industries Company
-Advanced Electronics Company
-Military Industries Corporation
-Dahra Engineering and 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
Segmentation & Regional Analysis
The GCC Defense Market is highly fragmented and splits into a variety of segments in various geographies. This report compiles a thorough analysis of the market across all geographical divisions and bifurcations, taking into account topics like opportunities and challenges faced by the players, supply and demand, revenue generation, size, sales, profits, volume, and price fluctuations, among other things. It also demonstrates how outside factors have impacted the development of the sector as a whole over time. The GCC Defense Market, which is highly fragmented, can be divided into the following segments:
Further bifurcates in to, By Aircraft
-Fighter Aircraft
-Transport Aircraft
-Surveillance Aircraft
-Helicopter
-Combat
-Transport
-UAVs
-Surveillance
-Armed
Further bifurcates in to, By Weapons & Ammunitions
-Missiles & Air Defence Systems
-Artillery systems & Mortar Systems
-Infantry Weapons
-Ammunitions
Further bifurcates in to, By Sea Based Platforms
-Transport Ships
-Combat Ships
-Surveillance Ships
-Land Based Vehicles
-Infantry & Armoured Vehicles
-Tanks
Personal Training & Protection
-Training & Simulation
-Personal Protective Equipment
-Maintenance, Repair & Overhaul (MRO)
-Vehicles
-Weapons & Ammunitions
-Communication Systems
Further bifurcates in to, By Country
-Saudi Arabia
-UAE
-Qatar
-Kuwait
-Bahrain
-Oman
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Key Reasons to Get this Report
-This report is a compilation of factors impacting the GCC Defense Market dynamics by highlighting its main drivers, growth restraints, opportunities, challenges, and emerging and high-potential segments & geographies, among others.
-Stakeholders or investors can gather detail-driven, accurate, and reliable information associated with the latest trends in the industry before they make investments.
-Moreover, the study also presents a comprehensive review of the leading companies operating in the GCC Defense Market, comprising their profiles, recent developments, prominent business strategies, initiatives, and mergers & acquisitions, among other parameters.
-Estimation of funds put in by private firms & governments for the industry's expansion, along with insights into market expansion across each segment & geographic location, is also covered in this report.
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