Markntel Advisors’ report, GCC Defense Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2026, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the GCC Defense presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
GCC Defense Market Research Report & Market Summary:
The GCC Defense Market is projected to grow at a CAGR of around 2.12% during the forecast period, i.e., 2021-26. The market is driven principally by the rapidly increasing & existing geopolitical tensions among different countries across the GCC region entwined with their growing focus on strengthening national security with massive investments and procurement of advanced defense equipment & weapons.
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GCC Defense 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.
GCC Defense Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
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
By Country
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- Bahrain
- Oman.
Of them all, Saudi Arabia is anticipated to dominate the market with the largest share during the forecast period. The country is the largest spender in the defense sector throughout the GCC region. With the rising geopolitical tensions in the Middle East & North African regions, Saudi Arabia is increasingly focusing on strengthening its national security and attaining regional dominance in the defense. Moreover, the country is also procuring advanced weapons & equipment from other countries like the US.
As indicated in the latest market research report published by Markntel Advisors, “GCC Defense Research Report: Forecast (2021-2026)”, this report offers a detailed analysis of the industry, featuring insights into the GCC Defense industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/gcc-defense-market.html
Top Companies Operating in the GCC Defense Market:
- 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
- LeonardoSpA.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & GCC Defense Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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