Qatari Defense Industry Prospects Discussed in Comprehensive SDI Report Now Available at MarketPublishers.com22 May 2015 • by Natalie Aster
LONDON – Being the 3rd biggest country in regard to natural gas reserves in the world and boasting the largest GDP per capita, Qatar is drawing much attention to its growing military spending. During the analysis period, the country’s defense expenditure registered a 16.67% CAGR, surging from a value of USD 2.1 billion in 2011 to USD 3.8 billion as of 2015.
Moving forward, the nation’s military expenditure is anticipated to be worth USD 4.4 billion in 2016 and grow to USD 7 billion by 2020, posting a 12.16% CAGR during the forecast period. The key factors stimulating a surge in defense spending include the armament race in the Middle East region, strong cash reserves, procurement of more advanced defense systems, military modernisation efforts, and perceived threats from Iran.
The country’s Ministry of Defense’s future plans involve the procurement of land-based C4ISR, missile defense systems, fighter aviation and multirole aircraft, multi-mission and attack helicopters.
Comprehensive market research report “Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020” elaborated by Strategic Defence Intelligence (SDI) offers a detailed analysis of Qatar's defense industry along with forecasts of the market size over 2016-2020. It analyses the factors that affect demand in the market, prevalent trends, and also the challenges faced by the defense industry players. The study gives a brief review of the country's spending and modernisation patterns, offers valuable information on budget allocation, presents Porter's five forces analysis of the domestic defense industry, limelights major trends in the country's exports and imports over the past 5 years, and discusses the most lucrative 5 investment opportunities in the national defense sector over the next decade. Furthermore, the research report offers an unrivalled guide to the competition in the Qatari defense market as well as enlists the dominant companies covering their financials, alliances, strategic efforts, amongst others.
Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020
Published: February, 2015
Price: US$ 1,250.00
More comprehensive research studies by the publisher can be found at SDI page.