Research and Markets: Arabic Peninsula Defence Market Overview – Tackling Obsolescence and Future Industrial Developments
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/5rb2nr/arabic_peninsula) has announced the addition of the “Arabic Peninsula – Defence Market Overview” report to their offering.
Declining oil prices, regional threats, and changes in political intent are drawing new trends and perspectives across the Gulf Co-operation Council (GCC) countries. This private market insight assesses future military spending, new equipment requirements, and best-positioned local companies in the Middle-Eastern countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Among the main perspectives, renewing wisely ageing equipment and nurturing the local industrial base are the most noticeable. The study includes specific country breakdowns, discussing their military spending forecasts and an overview of their local competitors.
– Regional instability and modernisation programmes are the main drivers explaining the steep growth, while oil price volatility and current deployments are putting on hold certain modernisation programmes.
– Regional arm race is particularly noticeable in this region as most of the countries are not only replacing their ageing assets but also increasing their fleet size, as spotted in Qatar: fighter jets ordered against installed units as of 2014.
– Other countries, such as Bahrain and Kuwait, have shown a more cautious approach in new procurements, with no dramatic increase expected.
– Military personnel expenditures will remain predominant in every country, accounting for more than one-third of the annual defence budget, closely followed by operations and maintenance.
– Recent structural changes within the Gulf Cooperation Council (GCC) trigger higher spending for military personnel, due to the establishment of a Joint Military Command and a naval task force.
– Among the main challenges that need to be addressed by the GCC countries, increasing maritime patrol capabilities, including submarines, are listed as a key priority.
– European and American defence suppliers are expected to retain their dominant market shares across the peninsula, but new participants from Singapore and Turkey will challenge this footprint.
– The high-threat environment is also expected to drive significant opportunities in training and logistics support in order to maintain a high level of combat readiness.
Key Topics Covered:
1. Arabic Peninsula – Defence Market Overview
2. Executive Summary
3. Market Overview
8. Saudi Arabia
9. United Arab Emirates (UAE)
10. The Three Big Predictions
For more information visit http://www.researchandmarkets.com/research/5rb2nr/arabic_peninsula
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