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

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

Summary

The Syrian civil war has resulted in a large number of refugees’ crossing over to Lebanon to live in camps. As a consequence, these refugee camps have increased the burden on the Lebanese economy by fuelling sectarian violence in the country and complicating its internal security. Plagued by sectarian violence, the country faces increasing threats of militancy, homegrown extremism, and unrest in refugee camps.

On the other hand, the growing military power of Israel and the volatile security situation in the region has forced the Lebanese Government to prioritize the modernization of the Lebanese Armed Forces (LAF) with the help of foreign aid. Lebanon’s internal security expenditure will primarily be driven by the need to protect the country from sectarian violence and drug trafficking. In the coming years, modernizing the police force and developing domestic infrastructure are expected to be the primary areas for investment by the government.

Lebanon’s military expenditure, which is valued at US$2.6 billion in 2018, registered a CAGR of 2.98% during 2014-2018. Moreover, the country is anticipated to record a CAGR of 5.01% over the forecast period to value US$3.3 billion in 2023. As a percentage of GDP, the country’s defense and security expenditure is estimated to average 4.8% over the forecast period compared to an average of 4.9% recorded during the historic period.

Future of the Lebanese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023, published by Strategic Defence Intelligence, 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.

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

- Defense Industry Market Size and Drivers: detailed analysis of the Lebanese 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.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
- Market opportunities: list of the top ten defense investment opportunities over the next 5 years.
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Lebanese defense industry.

Companies Mentioned: Bell Helicopter Textron, Inc., MBDA.

Scope

• Plagued by sectarian violence, the country faces increasing threats of militancy, homegrown extremism, and unrest in refugee camps. In addition, the Syrian civil war has resulted in a large number of refugees’ crossing over to Lebanon to live in camps.
  
• As a consequence, these refugee camps have increased the burden on the Lebanese economy by fuelling sectarian violence in the country and complicating its internal security.
  
• Lebanon’s military expenditure, which is valued at US$2.6 billion in 2018, registered a CAGR of 2.98% during 2014-2018. Moreover, the country is anticipated to record a CAGR of 5.01% over the forecast period to value US$3.3 billion in 2023.
  
• As a percentage of GDP, the country’s defense and security expenditure is estimated to average 4.8% over the forecast period compared to an average of 4.9% recorded during the historic period.
  

Reasons to buy

• This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Lebanese 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
  
• Profiles of the top domestic and foreign defense manufacturers. This will provide the user with a total competitive landscape of the sector
  
• A deep qualitative analysis of the Lebanese defense industry covering sections including demand drivers, Key Trends, and latest industry contracts