MRO Magazine

Research and Markets: Iraqi Defense Expenditure Recorded a CAGR of 15.95% Between 2011 and 2015, and Values US$21.1 Billion in 2015

December 9, 2015
By Business Wire News


Research and Markets ( has announced the addition of the “Future of the Iraqi Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020” report to their offering.

The Iraqi MoD has increased its defense budget substantially in the last two years, with US$21.1 billion allotted for 2015. The budget is projected to reach US$24.1 billion by 2020, growing at a CAGR of 4.97%.

The prevailing instability has made it imperative for the Iraqi defense ministry to make significant investments to strengthen its defense capabilities. This report offers detailed analysis with market size forecasts for 2016-2020. The factors that influence demand, key market trends, and challenges faced by industry participants are also covered.

Reasons To Buy

  • Identify and track the global defense market and make regional comparisons to effectively target new revenue streams
  • Understand the importance of being led by the defense ministries in the military procurement market and define your strategies with insight on what your customers really want by analyzing recent orders, technical specifications, and the country’s expected investment pattern during 2016-2020
  • Make correct business decisions based on a detailed analysis of the industry from 2016-2020, which includes the total competitive landscape of the sector with detailed profiles of the top domestic and foreign defense manufacturers along with information about their products, alliances, recent contract wins, and financial analysis
  • Determine prospective investment areas by gaining an in-depth understanding of the industry in terms of market opportunities
  • Channelize resources by identifying various military requirements that are expected to generate revenues across different sectors during 2016-2020

Companies Mentioned

  • BAE Systems
  • Bell Helicopter Textron
  • General Dynamics Corporation
  • Lockheed Martin
  • Raytheon
  • Thales Raytheon Systems

Report Structure:

1 Introduction

2 Executive Summary

3 Market Attractiveness and Emerging Opportunities

4 Defense Procurement Market Dynamics

5 Industry Dynamics

6 Market Entry Strategy

7 Competitive Landscape and Strategic Insights

8 Business Environment and Country Risk

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Aerospace and Defence