Yemeni Defense Industry Relies on Imports, According to SDI Report Available at MarketPublishers.com15 Apr 2016 • by Natalie Aster
LONDON – Defense expenditure in Yemen registered certain growth over the recent years. For instance, it demonstrated a growth rate of approximately 2.7 percent over the period 2012-2016: it grew from USD 1.6 billion in 2012 to more than USD 1.78 billion in 2016.
The expenditure is set to continue showing growth over the period 2017-2021, though at a lower rate of 1.6 percent. It is expected to reach USD 1.9 billion in 2021. Homeland security budget is likely to experience an increase in the upcoming years, as well.
Some of major forces driving the defense marketplace in Yemen comprise: military units’ restructuring, extremism infiltration, presence of different groups (e.g. drug traffickers), and more.
At present, Russia and Belarus rule this marketplace since the country is heavily dependent on imports, and this together with a lack of skilled labor force represents a key challenge to the local marketplace.
In-demand research study “Future of the Yemeni Defense Industry” prepared by SDI offers an up-close look at the defense industry trends in Yemen. The report gives an estimation of this market’s sizing (both historical and forecast). It casts light on defense budget allocation and looks at the homeland security marketplace. The study benchmarks this market with major global markets and focuses on opportunities it has.
The research study discusses dynamics of the defense procurement marketplace. It delves deep into the dynamics of the local industry and explores a market entry strategy. The report contains data on business environment in this country and the competitive landscape. Forecasts up to 2021 are on hand in the study, too.
Future of the Yemeni Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2021
Published: March, 2016
Price: US$ 1,250.00
- 360-degree overview of the industry;
- discussion of past and current market trends;
- deep insights into emerging opportunities;
- coverage of defense procurement;
- future market outlook;
- and more.
More new studies by our market research partner are available at SDI page.