The United Arab Emirates Defense Sector – Market Opportunities and Entry Strategies, Analyses and Forecasts to 201510 Dec 2010 • by Natalie Aster
London – “The United Arab Emirates (UAE), one of the most lucrative markets for foreign defense OEMs (original equipment manufacturers), is expected to spend US$132 billion on defense during 2010–15.”
The report “The United Arab Emirates Defense Sector – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015” by iCD Research offers insights into the market opportunities and entry strategies adopted by foreign OEMs (original equipment manufacturers) to gain a market share in the United Arab Emirates defense industry.
In 2009, the UAE‘s defense market valued US$15.5 billion, with US$7 billion spent in the procurement of military hardware and US$8.5 billion spent on training and MRO. Indeed, defense has always been a priority for the UAE, which spent 6.8% of its GDP on defense in 2009, with a per capita defense expenditure of US$3,152.6. Furthermore, its lack of indigenous defense capabilities and trained manpower has led the UAE to seek hi-tech, top quality defense systems from foreign OEMs, in order to provide effective protection to all of its strategic assets and critical infrastructure.
Published: April 2010
Price: USD 1,250.00
Report Sample Abstract:
The UAE’s annual defense expenditure to reach US$28 billion by 2015
The UAE defense sector, with a forecast value of US$16.9 billion in 2010, is one of the fastest growing markets globally, especially in arms imports. Moreover, growth in defense expenditure is forecast to increase from a CAGR of 9.69% during 2004–09 to 10.62% during 2010–15, to reach US$28 billion in 2015. On a cumulative basis, this translates to a total spend of US$132 billion over 2010–15. Furthermore, robust oil sales have strengthened the UAE economy, which will give the government the financial security to continue its procurement of advanced defense systems from foreign OEMs.
UAE homeland security spending to double over next ten years
The UAE is expected to increase its spending on homeland security from US$5.6 billion in 2009 to US$10.9 billion over the next ten years, primarily in the areas of weapons, telecommunication and surveillance systems. The main buyers are the Ministry of Defense and the Ministry of Internal Affairs, including the Civil Defense Department, Border Guard and Coast Guard. The primary areas of focus are to improve civilian defense, border and maritime security and provide security around key business units.
More information can be found in the report “The United Arab Emirates Defense Sector – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015” by iCD Research.
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