Future of the Omani Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

  • ID: 4617588
  • Report
  • Region: Oman
  • 95 Pages
  • Strategic Defence Intelligence
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The Country’s Cumulative Expenditure on the Procurement of Advanced Military Hardware is Projected to be US$22.6 Billion over the Next Five Years, Creating Opportunities for Suppliers and OEMs.

FEATURED COMPANIES

  • BAE Systems
  • Bell
  • FNSS Defense Systems
  • Lockheed Martin
  • NHIndustries (NHI)
  • Raytheon
  • MORE

The Future of the Omani Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report offers detailed analysis of the Omani defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

  • The Omani Defense Industry Market Size and Drivers: Detailed Analysis of the Omani defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns
  • Budget Allocation and Key Challenges: Insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country
  • Porter’s Five Force Analysis of the Omani Defense Industry: Analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
  • Import and Export Dynamics: Analysis of prevalent trends in the country’s imports and exports over the last five years
  • Market Opportunities: Details of the top five defense investment opportunities over the next 10 years
  • Competitive Landscape and Strategic Insights: Analysis of the competitive landscape of the Omani defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Scope

  • The Omani defense budget stands at US$9 billion in 2018 and registered a CAGR of -1.83% during the historic period.The country’s cumulative expenditure on the procurement of advanced military hardware is projected to be US$22.6 billion over the next five years, creating opportunities for suppliers and OEMs.
  • During 2014-2018, an average of 39.1% of the country’s total defense budget was allocated to capital expenditure, while an average of 60.9% was reserved for revenue expenditure.
  • An increase in capital expenditure during the forecast period is primarily due to the country’s procurement plans for multirole aircraft, missile defense systems, armored vehicles, and military rotorcraft.
  • The MoD is expected to invest in Land-based physical security of critical infrastructure, land based C4ISR and infrastructure construction.

Reasons to buy

  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Omani defense industry market trends for the coming five years
  • The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
  • Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of the Omani defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts
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FEATURED COMPANIES

  • BAE Systems
  • Bell
  • FNSS Defense Systems
  • Lockheed Martin
  • NHIndustries (NHI)
  • Raytheon
  • MORE

1. Introduction

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

3.1. Current Market Scenario
    3.1.1. Primary Threat Perception
    3.1.2. Military Doctrine and Strategy
    3.1.3. Military Fleet Size
    3.1.4. Procurement Programs
    3.1.5. Social, Political and Economic Environment and Support for Defense Projects
    3.1.6. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
    3.2.1. Defense expenditure expected to grow at a CAGR of 4.96% during 2019-2023
    3.2.2. Arms race in the Middle East expected to drive defense expenditure over the forecast period
    3.2.3. Defense expenditure as a percentage of GDP is expected to increase over the forecast period
3.3. Analysis of Defense Budget Allocation
    3.3.1. Capital expenditure allocation expected to increase during the forecast period
    3.3.2. Omani defense capital expenditure to value US$5 billion in 2023
    3.3.3. Per capita defense expenditure expected to decline over the forecast period
3.4. Homeland Security Market Size and Forecast
    3.4.1. Maritime oil trade routes protection will be the key factor driving homeland security
    3.4.2. Oman considered at ‘some risk’ of terrorist attack
    3.4.3. Oman scores 0.0 on the Terrorism Index
    3.4.4. Oman faces a moderate threat from foreign terrorist organizations
3.5. Benchmarking with Key Global Markets
    3.5.1. Omani defense expenditure expected to remain low compared to leading spenders
    3.5.2. The country’s defense budget is low compared to Middle Eastern countries
    3.5.3. Oman tops the leading military spenders in terms of defense expenditure as a percentage of GDP
3.6. Market Opportunities: Key Trends and Drivers
    3.6.1. Top 10 Defense Sectors by Value (US$ Million) - Projections over 2018-2023
    3.6.2. Critical Infrastructure Protection (CIP) - Physical Security
    3.6.3. C4ISR - Land-based
    3.6.4. Military infrastructure and Logistics - Infrastructure Construction

4. Defense Procurement Market Dynamics

4.1. Import Market Dynamics
    4.1.1. The defense industry heavily relies on imports from foreign countries
    4.1.2. The US and the UK were the key defense suppliers to Oman
    4.1.3. Aircraft and ships dominate Omani defense imports
4.2. Export Market Dynamics
    4.2.1. Oman’s defense export market is negligible

5. Industry Dynamics

5.1. Five Forces Analysis
    5.1.1. Bargaining Power of Supplier: Medium to High
    5.1.2. Bargaining Power of Buyer: Medium to High
    5.1.3. Barrier to Entry: Medium
    5.1.4. Intensity of Rivalry: Low to Medium
    5.1.5. Threat of Substitution: Medium to High

6. Market Entry Strategy

6.1. Market Regulation
    6.1.1. The Omani government allows 49% FDI in the defense industry
    6.1.2. Oman prefers indirect offsets
6.2. Market Entry Route
    6.2.1. Budgeting Process
    6.2.2. Procurement Policy and Process
    6.2.3. Direct selling is the preferred market entry route for foreign OEMs
6.3. Key Challenges
    6.3.1. The UK and the US dominate the market, posing challenges to other foreign firms
    6.3.2. Lack of skilled labor

7. Competitive Landscape and Strategic Insights

7.1. Competitive Landscape Overview
    7.1.1. Omani defense sector is dominated by foreign competitors
7.2. Key Foreign Companies
    7.2.1. BAE Systems Plc.: Overview
    7.2.2. BAE Systems Plc.: Products and Services
    7.2.3. BAE Systems Plc.: Alliances
    7.2.4. BAE Systems Plc.: Recent Contract Wins
    7.2.5. Lockheed Martin: Overview
    7.2.6. Lockheed Martin: Products
    7.2.7. Lockheed Martin: Recent Announcements and Strategic Initiatives
    7.2.8. Lockheed Martin: Alliances
    7.2.9. Lockheed Martin: Recent Contract Wins
    7.2.10. NHIndustries (NHI): Overview
    7.2.11. NHIndustries (NHI): Products and Services
    7.2.12. NHIndustries (NHI): Recent Announcements and Strategic Initiatives
    7.2.13. NHIndustries (NHI): Recent Contract Wins
    7.2.14. Raytheon: Overview
    7.2.15. Raytheon: Products
    7.2.16. Raytheon: Recent Announcements and Strategic Initiatives
    7.2.17. Raytheon: Alliances
    7.2.18. FNSS Defense Systems Co: Overview
    7.2.19. FNSS Defense Systems Co: Products
    7.2.20. FNSS Defense Systems Co: Recent Announcements and Strategic Initiatives
    7.2.21. FNSS Defense Systems: Alliances
    7.2.22. FNSS Defense Systems Co: Recent Contract Wins
    7.2.23. Bell: overview
    7.2.24. Bell: products and services
    7.2.25. Bell: recent announcements and strategic initiatives
    7.2.26. Bell Helicopter Textron, Inc.: alliances
    7.2.27. Bell Helicopter Textron, Inc.: recent contract wins

8. Business Environment and Country Risk

8.1. Economic Performance
    8.1.1. GDP per Capita
    8.1.2. Gross Domestic Product
    8.1.3. Exports of Goods and Services (LCU Billion)
    8.1.4. Imports of Goods and Services (LCU Billion)
    8.1.5. Gross National Disposable Income
    8.1.6. LCU per US$ (Period Average)
    8.1.7. Market Capitalization of Listed Companies
    8.1.8. Market Capitalization of Listed Companies as a Percentage of GDP
    8.1.9. Total Government Cash Surplus/Deficit as a Percentage of GDP
    8.1.10. Goods Exports as a Percentage of GDP
    8.1.11. Goods Imports as a Percentage of GDP
    8.1.12. Services Imports as a Percentage of GDP
    8.1.13. Services Exports as a Percentage of GDP
    8.1.14. Net Foreign Direct Investment
    8.1.15. Net Foreign Direct Investment as a Percentage of GDP
    8.1.16. Mining, Manufacturing, Utilities Output

9. Appendix

List of Tables

Table 1: Oman - Army Strength, 2018
Table 2: Oman - Air Force Strength, 2018
Table 3: Oman - Navy Strength, 2018
Table 4: Omani - Ongoing Development and Procurement Programs, 2018
Table 5: Oman - Future Procurement Programs, 2018
Table 6: Oman - Top Defense Procurement Programs by Value (US$ Million), 2018-2023
Table 7: Omani - Defense Expenditure (OMR Billion & US$ Billion), 2014-2023
Table 8: Omani GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2014-2023
Table 9: Omani - Defense Budget Allocation for Capital and Revenue Expenditure (%), 2014-2023
Table 10: Omani - Defense Capital Expenditure, (OMR Billion & US$ Billion), 2014-2023
Table 11: Omani - Defense Expenditure as Per Capita Defense Spend (US$), 2014-2023
Table 12: Terrorism Index, 2018
Table 13: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023
Table 14: Top Omani Defense Sectors by Value (US$ Million), 2018-2023
Table 15: Competitive Landscape of the Omani Defense Industry
Table 16: Top Defense Suppliers in the Omani Defense Industry - By Value (US$ Million) 2018-2023
Table 17: BAE Systems Plc. - Products and Services
Table 18: BAE Systems Plc. - Alliances
Table 19: BAE Systems Plc. - Recent Contract Wins
Table 20: Lockheed Martin - Products
Table 21: Lockheed Martin - Alliances
Table 22: Lockheed Martin - Recent Contract Wins
Table 23: NHIndustries (NHI) - Products and Services
Table 24: Lockheed Martin - Recent Contract Wins
Table 25: Raytheon - Products
Table 26: Raytheon - Alliances
Table 27: Raytheon - Recent Contract Wins
Table 28: FNSS Defense Systems Co - Products
Table 29: FNSS Defense Systems - Alliances
Table 30: FNSS Defense Systems Co - Recent Contract Wins
Table 31: Bell - Product Focus
Table 32: Bell Helicopter Textron, Inc. - Alliances
Table 33: Bell Helicopter Textron, Inc. - Recent Contract Wins

List of Figures

Figure 1: Omani Defense Expenditure (OMR Billion), 2014-2023
Figure 2: Omani Defense Expenditure (US$ Billion), 2014-2023
Figure 3: Omani GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2014-2023
Figure 4: Omani Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Figure 5: Omani Defense Capital Expenditure (OMR Billion), 2014-2023
Figure 6: Omani Defense Capital Expenditure (US$ Billion), 2014-2023
Figure 7: Omani Per Capita Defense Expenditure (US$), 2014-2023
Figure 8: Terrorism Heat Map, 2018
Figure 9: Terrorism Index, 2018
Figure 10: Benchmarking with Key Markets, 2014-2018 vs. 2019-2023
Figure 11: Benchmarking with World’s Largest Defense Spenders (US$ Billion), 2018 and 2023
Figure 12: Benchmarking with Large Defense Spenders as a Percentage of GDP - 2018
Figure 13: Critical Infrastructure Protection (CIP) - Physical Security Market Size (US$ Million), 2018-2023
Figure 14: C4ISR-Land Based Security Market Size (US$ Million), 2018-2023
Figure 15: Military Infrastructure and Logistics - Infrastructure Construction Market Size (US$ Million), 2018-2023
Figure 16: Top Omani Defense Procurements in Terms of Supplier Relationships
Figure 17: Omani Defense Import Trend, 2013-2017 (TIV values)
Figure 18: Omani Defense Imports by Country (%), 2013-2017
Figure 19: Omani Defense Imports by Weapon Category (%), 2013-2017
Figure 20: Industry Dynamics - Porter’s Five Forces Analysis
Figure 21: Omani GDP per Capita (US$), 2015-2024
Figure 22: Omani GDP (current US$ Billion), 2015-2025
Figure 23: Omani Exports of Goods and Services (LCU Billion), 2005-2014
Figure 24: Omani Imports of Goods and Services (LCU Billion), 2005-2014
Figure 25: Omani Gross National Disposable Income (US$ Bn), 2005-2013
Figure 26: Omani LCU per US$, 2015-2024
Figure 27: Omani Market Capitalization of Listed Companies (US$ Bn), 2005-2012
Figure 28: Omani Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 29: Omani Total Government Cash Surplus/Deficit (% of GDP), 2005-2012
Figure 30: Omani Goods Exports (% of GDP), 2005-2013
Figure 31: Omani Goods Imports (% of GDP), 2005-2013
Figure 32: Omani Services Imports (% of GDP), 2005-2013
Figure 33: Omani Services Exports (% of GDP), 2005-2013
Figure 34: Omani Net Foreign Direct Investment (US$ Billion), 2005-2013
Figure 35: Omani Net Foreign Direct Investment (% of GDP), 2005-2012
Figure 36: Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

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  • BAE Systems
  • Lockheed Martin
  • NHIndustries (NHI)
  • Raytheon
  • FNSS Defense Systems
  • Bell
Note: Product cover images may vary from those shown
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