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

1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About

3.1. Current Market Scenario
3.1.1. Primary threat perception
3.1.2. Military Doctrine & Strategy
3.1.3. Military Fleet Size
3.1.4. Procurement Programs
3.1.5. Top Procurement Programs by Value (US$ Million) 2018-2023
3.1.6. Social, Political and Economic Environment & Support for Defense Projects
3.1.7. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Iraqi annual defense expenditure to reach US$8.7 billion by 2023
3.2.2. US Military and Security Aid
3.2.3. Territorial disputes and the war against terrorism are expected to drive defense expenditure
3.2.4. Iraq’s defense expenditure as a percentage of GDP to decrease over 2019-2023
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure share to average 23.6% over the forecast period
3.3.2. Capital expenditure to increase over the forecast period
3.3.3. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Allocation for the police forms the major component of the country’s homeland security expenditure
3.4.2. Fighting terrorism, controlling sectarian violence, and oil infrastructure protection will be the key factors driving homeland security
3.4.3. Iraq is considered to be the country “worst affected” by terrorism
3.4.4. Iraq is the most terror prone country in the world
3.4.5. Iraq has a terrorism index score of “10.0”
3.5. Benchmarking with Key Global Markets
3.5.1. Iraqi defense expenditure expected to record a CAGR of 5.56% over 2019-2023
3.5.2. Iraqi defense expenditure is low compared to other major defense spenders
3.5.3. Iraq’s defense expenditure is anticipated to reach 3.0% of GDP in 2023
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections Over 2018-2023
3.6.2. Military Infrastructure and Logistics-Infrastructure Construction
3.6.3. Land-based C4ISR
3.6.4. Military Infrastructure and Logistics-Facilities Management

4.1. Import Market Dynamics
4.1.1. Defense imports projected to increase over the forecast period
4.1.2. The US and Russia were the leading suppliers of arms during 2013-2017
4.1.3. Aircraft and armored vehicles accounted for the majority of defense imports between 2013 and 2017
4.2. Export Market Dynamics
4.2.1. Iraq’s defense export market is negligible

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

6.1. Market Regulation
6.1.1. The Iraqi government allows FDI in the defense industry
6.1.2. Iraq has not disclosed any offset obligations
6.2. Market Entry Route
6.2.1. Budgeting Process
6.2.2. Procurement Policy and Process
6.2.3. Government to government deals are an attractive entry route to the country’s defense market
6.2.4. Establishment of representative office obtains eligibility for participating in procurement tenders
6.3. Key Challenges
6.3.1. Corruption acts as an obstacle for market entry
6.3.2. Lack of skilled labor

7.1. Competitive Landscape Overview
7.1.1. Top Defense Suppliers in Iraqi Defense Industry by Value (US$ Million), 2018-2023
7.1.2. Iraqi defense sector is dominated by foreign competitors
7.2. Key Foreign Companies
7.2.1. General Dynamics Corporation: Overview
7.2.2. General Dynamics Corporation: Products
7.2.3. General Dynamics Corporation: Recent Announcements and Strategic Initiatives
7.2.4. General Dynamics Corporation: Alliances
7.2.5. General Dynamics Corporation: Recent Contract Wins
7.2.6. Lockheed Martin: Overview
7.2.7. Lockheed Martin: Products
7.2.8. Lockheed Martin: Recent Announcements and Strategic Initiatives
7.2.9. Lockheed Martin: Alliances
7.2.10. Lockheed Martin: Recent Contract Wins
7.2.11. BAE Systems Plc: Overview
7.2.12. BAE Systems Plc: Products and Services
7.2.13. BAE Systems Plc: Recent Announcements and Strategic Initiatives
7.2.14. BAE Systems Plc: Alliances
7.2.15. BAE Systems Plc: Recent Contract Wins
7.2.16. Bell Helicopter Textron, Inc: Overview
7.2.17. Bell Helicopter Textron, Inc: Products and Services
7.2.18. Bell Helicopter Textron, Inc: Recent Announcements and Strategic Initiatives
7.2.19. Bell Helicopter Textron, Inc: Alliances
7.2.20. Bell Helicopter Textron, Inc: Recent Contract Wins
7.2.21. Raytheon: Overview
7.2.22. Raytheon: Products
7.2.23. Raytheon: Recent Announcements and Strategic Initiatives
7.2.24. Raytheon: Alliances
7.2.25. Raytheon: Recent Contract Wins
7.2.26. Raytheon: Financial Analysis

8.1. Economic Performance
8.1.1. GDP Per Capita
8.1.2. GDP, Current Prices
8.1.3. Exports of Goods and Services (LCU Trillion)
8.1.4. Imports of Goods and Services (LCU Trillion)
8.1.5. Local Currency Unit per US$
8.1.6. Goods Exports as a Percentage of GDP
8.1.7. Goods Imports as a Percentage of GDP
8.1.8. Service Imports as a Percentage of GDP
8.1.9. Service Exports as a Percentage of GDP
8.1.10. Foreign Direct Investment
8.1.11. Net Foreign Direct Investment as a Percentage of GDP
8.1.12. Mining, Manufacturing, Utilities Output

9.1. About
9.2. Disclaimer

Table 1: Iraq - Land Forces Strength, 2018
Table 2: Iraq - Navy Strength, 2018
Table 3: Iraq - Air Force Strength, 2018
Table 4: Iraq - Ongoing Procurement Programs, 2018
Table 5: Iraq - Future Procurement Programs, 2018
Table 6: Iraq - Defense Procurement Programs by Value (US$ Million), 2018-2023
Table 7: Iraq - Defense Expenditure (IQD Trillion & US$ Billion), 2014-2023
Table 8: Iraq - Defense Expenditure Including US Aid, 2014-2018
Table 9: Iraq - GDP Growth vs Defense Expenditure as a Percentage of GDP, 2014-2023
Table 10: Iraq - Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Table 11: Iraq - Defense Capital Expenditure (IQD Trillion & US$ Billion), 2014-2023
Table 12: Iraq - Per Capita Defense Expenditure (US$), 2014-2023
Table 13: Iraq - Homeland Security Expenditure (IQD Trillion / US$ Billion), 2014-2023
Table 14: Terrorism Index, 2018
Table 15: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023
Table 16: Top Iraqi - Defense Market Sectors by Value (US$ Million), 2018-2023
Table 17: Iraq’s Budget Process
Table 18: Top Defense Suppliers in Iraqi Defense Industry - By Value (US$ Million), 2018-2023
Table 19: Competitive Landscape of the Iraqi Defense Industry
Table 20: General Dynamics Corporation - Products
Table 21: General Dynamics Corporation - Alliances
Table 22: General Dynamics Corporation - Recent Contract Wins
Table 23: Lockheed Martin - Products
Table 24: Lockheed Martin - Alliances
Table 25: Lockheed Martin - Recent Contract Wins
Table 26: BAE Systems Plc - Products and Services
Table 27: BAE Systems Plc - Alliances
Table 28: BAE Systems Plc - Recent Contract Wins
Table 29: Bell Helicopter Textron, Inc - Products and Services
Table 30: Bell Helicopter Textron, Inc - Alliances
Table 31: Bell Helicopter Textron, Inc - Recent Contract Wins
Table 32: Raytheon - Products
Table 33: Raytheon - Alliances
Table 34: Raytheon - Recent Contract Wins

Figure 1: Iraq - Defense Expenditure (IQD Trillion), 2014-2023
Figure 2: Iraq - Defense Expenditure (US$ Billion), 2014-2023
Figure 3: Iraq - US Military and Security Aid (US$ Million), 2014-2018
Figure 4: Iraq - Defense Expenditure Including US Aid (US$ Billion), 2014-2018
Figure 5: Iraq - Defense Budget Excluding US Aid (US$ Billion) vs Defense Budget Including US Aid (US$ Billion), 2014-2018
Figure 6: Iraq - GDP Growth vs Defense Expenditure as a Percentage of GDP Growth, 2014-2023
Figure 7: Iraq - Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Figure 8: Iraq - Defense Capital Expenditure (IQD Trillion), 2014-2023
Figure 9: Iraq - Defense Capital Expenditure (US$ Billion), 2014-2023
Figure 10: Iraq - Per Capita Defense Expenditure (US$), 2014-2023
Figure 11: Iraq - Homeland Security Budget (IQD Trillion), 2014-2023
Figure 12: Iraq - Homeland Security Budget (US$ Billion), 2014-2023
Figure 13: Terrorism Heat Map, 2018
Figure 14: Terrorism Index, 2018
Figure 15: Benchmarking with Key Markets - 2014-2018 vs 2019-2023
Figure 16: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2018 and 2023
Figure 17: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018
Figure 18: Military Infrastructure and Logistics-Infrastructure Construction Market Size (US$ Million), 2018-2023
Figure 19: C4ISR - Land-based Market Size (US$ Million), 2018-2023
Figure 20: Military Infrastructure and Logistics - Facilities Management Market Size (US$ Million), 2018-2023
Figure 21: Top Iraq Defense Procurements in Terms of Supplier Relationships
Figure 22: Iraq - Defense Import Trend (US$ Million), 2013-2017 (TIV Values)
Figure 23: Iraq - Defense Imports by Country (%), 2013-2017
Figure 24: Iraq - Defense Imports by Category (%), 2013-2017
Figure 25: Industry Dynamics Porter’s Five Forces Analysis
Figure 26: Raytheon - Revenue Trend Analysis (US$ Billion), 2013-2017
Figure 27: Raytheon - Operating Profit Trend Analysis (US$ Billion), 2013-2017
Figure 28: Raytheon - Net Profit Trend Analysis (US$ Billion), 2013-2017
Figure 29: Iraq - GDP Per Capita (US$), 2015-2025
Figure 30: Iraq - GDP, Current Prices (US$ Billion), 2015-2025
Figure 31: Iraq - Exports of Goods and Services (LCU Trillion), 2005-2014
Figure 32: Iraq - Imports of Goods and Services (LCU Trillion), 2005-2014
Figure 33: Iraq - Local Currency per US$ Exchange Rate, 2015-2024
Figure 34: Iraq - Goods Exports as a Percentage of GDP, 2005-2012
Figure 35: Iraq - Goods Imports as a Percentage of GDP, 2005-2012
Figure 36: Iraq - Service Imports as a Percentage of GDP, 2005-2012
Figure 37: Iraq - Service Exports as a Percentage of GDP, 2005-2012
Figure 38: Iraq - Foreign Direct Investment (US$ Billion), 2005-2012
Figure 39: Iraq - Net Foreign Direct Investment as a Percentage of GDP, 2005-2012
Figure 40: Iraq - Mining, Manufacturing, Utilities Output (LCU Trillion), 2005-2014