MarkNtel Advisors recently published a report, titled, ” GCC Defense Market 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),Other. As per as the report The GCC Defense Market is projected to grow at a CAGR of around 2.12% during the forecast period, i.e., 2021-26.
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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.
Leading Companies in GCC Defense Market:
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.).
GCC Defense Market Segmentation:
By Aircraft
-Fighter Aircraft
-Transport Aircraft
-Surveillance Aircraft
-Helicopter
-Combat
-Transport
-UAVs
-Surveillance
-Armed
By Weapons & Ammunitions
-Missiles & Air Defence Systems
-Artillery systems & Mortar Systems
-Infantry Weapons
-Ammunitions
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
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By Country
-Saudi Arabia
-UAE
-Qatar
-Kuwait
-Bahrain
-Oman.
Key questions answered in the GCC Defense Market are:
•What is GCC Defense Market?
•What was the market size in 2023?
•What is the growth rate of the GCC Defense Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the GCC Defense Market?
•What segments are covered in the Market?
•Who are the key players in the GCC Defense Market?
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