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The UAE Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

  • ID: 4845402
  • Report
  • Region: United Arab Emirates
  • 148 pages
  • GlobalData
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FEATURED COMPANIES

  • Abu Dhabi Ship Building
  • BAE Systems Plc
  • Lockheed Martin
  • Raytheon
  • Rolls-Royce Plc.
  • Thales
  • MORE
The UAE Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

Summary

The UAE Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024 report 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 the UAE 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 the UAE defense industry market size and drivers: detailed analysis of the the UAE defense industry during 2020-2024, 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 the UAE defense industry.
Scope
  • The United Arab Emirates (UAE) is a federation of seven states that has grown to emerge as one of the Middle East's most important economic centres. The country is located on the South East end of the Arabian Peninsula in the Persian Gulf and is blessed with vast oil and gas reserves.
  • Between 2015 and 2019, the UAE’s annual defense expenditure stood at an average of US$25 billion per year and this is expected to increase to an average of US$30.6 billion over the forecast period.
  • On a cumulative basis, the country is expected to invest US$153 billion for defense purposes, of which US$60.6 billion is earmarked for capital expenditure to fund defense procurements.
  • The protection of vital infrastructure, the country’s territorial dispute with Iran, and ongoing domestic defense industry building initiatives are expected to drive the country’s future defense spending.
Reasons to Buy
  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the the UAE 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 the UAE defense industry covering sections including demand drivers, key trends and latest industry contracts.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Abu Dhabi Ship Building
  • BAE Systems Plc
  • Lockheed Martin
  • Raytheon
  • Rolls-Royce Plc.
  • Thales
  • 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. Procurement Programs
3.1.4. Geopolitical, Social and Economic Scenario
3.1.5. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. UAE defense budget to record a CAGR of 2.84% over the forecast period
3.2.2. Military modernization initiatives, territorial dispute with Iran, and peace keeping missions to drive defense expenditure
3.2.3. The defense budget as a percentage of GDP is expected to decrease over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Procurement of advanced equipment to drive capital expenditure allocation over the forecast period
3.3.2. Capital expenditure is expected to grow at a CAGR of 4.41% 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. The UAE’s homeland security budget is expected to increase at a CAGR of 1.97% over the forecast period
3.4.2. Investment in the protection of infrastructure and cyber security are expected to drive the UAE homeland security market
3.5. Benchmarking with Key Global Markets
3.5.1. The UAE’s defense budget is expected to register rapid growth over 2020-2024
3.5.2. The UAE’s defense expenditure is relatively small when compared to the leading defense spenders
3.5.3. The UAE spent over 6.1% of its GDP on defense in 2019
3.6. Market Opportunities: Key Trends and Drivers
3.6.1. Top 10 Defense Sectors by Value (US$ Million) - Projections over 2019-2024
3.6.2. Critical Infrastructure Protection - Physical Security
3.6.3. Multirole Aircraft
3.6.4. Land-Based C4ISR

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. The domestic defense industry is gradually growing
4.1.2. The UAE was the world’s fourth-largest arms importer over the historical period
4.1.3. The US continues to be the major arms supplier to the UAE
4.1.4. Missiles and ships dominate UAE defense imports
4.2. Export Market Dynamics
4.2.1. The UAE has a gradually developing domestic defense export industry
4.2.2. Egypt held the largest share of UAE defense exports
4.2.3. Armored vehicles accounted for the majority of country’s defense exports

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

6. Market Entry Strategy
6.1. Market Regulation
6.1.1. Offset policy aids development of domestic defense industry
6.1.2. Defense deals are settled through direct negotiation or competitive bidding
6.1.3. Foreign OEMs prefer indirect offsets to meet the obligations associated with defense deals
6.2. Market Entry Route
6.2.1. Budgeting Process
6.2.2. Procurement Policy and Process
6.2.3. New laws in place for OEMs to enter the local defense market
6.2.4. Defense exhibitions hosted by the UAE serve as an entry route for foreign OEMs
6.2.5. Joint ventures and collaborations offer alternative means of entering the market
6.3. Key Challenges
6.3.1. Complying with the UAE’s stringent offset requirements a concern for OEMs
6.3.2. The UAE demands technology transfers in its defense deals

7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.1.1. UAE Market Share Analysis, 2018
7.2. Key Domestic Public Sector Companies
7.2.1. Abu Dhabi Ship Building: Overview
7.2.2. Abu Dhabi Ship Building: Products and Services
7.2.3. Abu Dhabi Ship Building (ADSB): Recent Announcements and Strategic Initiatives
7.2.4. Abu Dhabi Ship Building: Alliances
7.2.5. Abu Dhabi Ship Building: Recent Contract Wins
7.2.6. Abu Dhabi Ship Building: Financial Analysis
7.2.7. Gulf Logistics and Naval Support: Overview
7.2.8. Gulf Logistics and Naval Support: Services
7.2.9. Abu Dhabi Systems Integration: Overview
7.2.10. Abu Dhabi Systems Integration: Products and Services
7.2.11. Abu Dhabi Systems Integration: Recent Announcements and Strategic Initiatives
7.2.12. Abu Dhabi Systems Integration: Alliances
7.3. Key Foreign Companies
7.3.1. Lockheed Martin: Overview
7.3.2. Lockheed Martin: Products
7.3.3. Lockheed Martin: Recent Announcements and Strategic Initiatives
7.3.4. Lockheed Martin: Alliances
7.3.5. Lockheed Martin: Recent Contract Wins
7.3.6. Lockheed Martin: Financial Analysis
7.3.7. BAE Systems Plc.: Overview
7.3.8. BAE Systems Plc.: Products
7.3.9. BAE Systems Plc.: Recent Announcements and Strategic Initiatives
7.3.10. BAE Systems Plc.: Alliances
7.3.11. BAE Systems Plc. - Recent Contract Wins
7.3.12. BAE Systems: Financial Analysis
7.3.13. Raytheon: Overview
7.3.14. Raytheon: Products
7.3.15. Raytheon: Recent Announcements and Strategic Initiatives
7.3.16. Raytheon: Alliances
7.3.17. Raytheon: Recent Contract Wins
7.3.18. Raytheon: Financial Analysis
7.3.19. Rolls-Royce Plc.: Overview
7.3.20. Rolls-Royce Plc.: Products
7.3.21. Rolls-Royce Plc.: Recent Announcements and Strategic Initiatives
7.3.22. Rolls-Royce Plc.: Alliances
7.3.23. Rolls-Royce Plc.: Recent Contract Wins
7.3.24. Rolls-Royce Plc.: Financial Analysis
7.3.25. Northrop Grumman Corporation: Overview
7.3.26. Northrop Grumman Corporation: Products
7.3.27. Northrop Grumman Corporation: Recent Announcements and Strategic initiatives
7.3.28. Northrop Grumman Corporation: Alliances
7.3.29. Northrop Grumman Corp.: Recent Contract Wins
7.3.30. Northrop Grumman: Financial Analysis
7.3.31. Thales: Overview
7.3.32. Thales: Products
7.3.33. Thales: Recent Announcements and Strategic Initiatives
7.3.34. Thales: Alliances
7.3.35. Thales: Recent Contract Wins
7.3.36. Thales: Financial Analysis
7.3.37. The Boeing Company: Overview
7.3.38. The Boeing Company: Products
7.3.39. The Boeing Company: Recent Announcements and Strategic Initiatives
7.3.40. The Boeing Company: Alliances
7.3.41. The Boeing Company: Recent Contract Wins
7.3.42. The Boeing Company: Financial Analysis

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. LCU per US$ (Period Average)
8.1.6. Market Capitalization of Listed Companies
8.1.7. Market Capitalization of Listed Companies as a Percentage GDP
8.1.8. Foreign Direct Investment, Net (BoP, Current US$ Billion)
8.1.9. Net Foreign Direct Investment as a Percentage of GDP
8.1.10. Mining, Manufacturing, Utilities Output (LCU Billion)

9. Appendix
9.1. About the Author
9.2. Disclaimer

List of Tables
Table 1: UAE - Ongoing Development and Procurement Programs
Table 2: UAE - Future Procurement Programs
Table 3: The UAE Top Defense Procurement Programs by Value (US$ Million), 2019-2024
Table 4: UAE Defense Cooperation
Table 5: UAE Military Training Exercises
Table 6: UAE Defense Expenditure (AED Billion and US$ Billion), 2015-2024
Table 7: UAE GDP Growth and Defense Expenditure as a Percentage of GDP Growth (%), 2015-2024
Table 8: UAE Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 9: UAE Defense Capital Expenditure (AED Billion and US$ Billion), 2015-2024
Table 10: UAE Per Capita Expenditure (US$), 2015-2024
Table 11: UAE Defense Expenditure for Homeland Security (AED Billion and US$ Billion), 2015-2024
Table 12: Benchmarking with Key Markets, 2015-2019 vs 2020-2024
Table 13: Top UAE Defense Sectors by Value (US$ Million), 2019-2024
Table 14: Offset Regulations in UAE
Table 15: UAE - Offset Guidelines and Agreements
Table 16: Competitive Landscape of the UAE Defense Industry
Table 17: Top Defense Suppliers in the UAE Defense Industry By Value (US$ Million) 2019-2024
Table 18: Abu Dhabi Ship Building - Products and Services
Table 19: Abu Dhabi Ship Building - Alliances
Table 20: Abu Dhabi Ship Building - Recent Contract Wins
Table 21: Gulf Logistics and Naval Support - Services
Table 22: Abu Dhabi Systems Integration - Products and Services
Table 23: Abu Dhabi Systems Integration - Alliances
Table 24: Lockheed Martin - Products
Table 25: Lockheed Martin - Alliances
Table 26: Lockheed Martin - Recent Contract Wins
Table 27: BAE Systems Plc. - Major Products
Table 28: BAE Systems Plc. - Alliances
Table 29: BAE Systems Plc. - Recent Contract Wins
Table 30: Raytheon - Products
Table 31: Raytheon - Alliances
Table 32: Raytheon Company - Recent Contract Wins
Table 33: Rolls-Royce Plc. - Products
Table 34: Rolls-Royce Plc. - Alliances
Table 35: Rolls-Royce Plc. - Recent Contract Wins
Table 36: Northrop Grumman - Products
Table 37: Northrop Grumman Corporation - Alliances
Table 38: Northrop Grumman Corp. - Recent Contract Wins
Table 39: Thales - Products
Table 40: Thales - Alliances
Table 41: Thales - Recent Contract Wins
Table 42: The Boeing Company - Products
Table 43: The Boeing Company - Alliances
Table 44: The Boeing Company - Recent Contract Wins

List of Figures
Figure 1: UAE’s Defense Budget: 2020 and 2024
Figure 2: UAE’s Defense Imports/Exports: 2014 and 2018
Figure 3: UAE’s Top Three Prospective Procurements/Developments
Figure 4: UAE’s National Security Threats
Figure 5: UAE’s Partnering Countries for Defense Cooperation and Military Training
Figure 6: UAE Defense Expenditure (in AED Billion), 2015-2024
Figure 7: UAE Defense Expenditure (US$ Billion), 2015-2024
Figure 8: UAE GDP Growth vs Defense Expenditure Growth and Defense Expenditure as a Percentage of GDP (%), 2015-2024
Figure 9: UAE Defense Expenditure Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 10: UAE Defense Capital Expenditure (AED Billion), 2015-2024
Figure 11: UAE Defense Capital Expenditure (US$ Billion), 2015-2024
Figure 12: UAE Per Capita Expenditure (US$), 2015-2024
Figure 13: UAE Homeland Security Expenditure (AED Billion), 2015-2024
Figure 14: UAE Homeland Security Expenditure (US$ Billion), 2015-2024
Figure 15: Benchmarking with Key Markets, 2015-2019 vs 2020-2024
Figure 16: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2019 and 2024
Figure 17: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 18: Physical Security Market Size (US$ Million), 2019-2024
Figure 19: Multirole Aircraft (US$ Million), 2019-2024
Figure 20: Land Based C4ISR Market Size (US$ Million), 2019-2024
Figure 21: The UAE’s Top Defense Procurements in Terms of Their Supplier Relationships
Figure 22: UAE Defense Imports (US$ million), 2014-2018
Figure 23: UAE Defense Imports by Country (%), 2014-2018
Figure 24: UAE Defense Imports by Category (%), 2014-2018
Figure 25: UAE Defense Exports (US$ million), 2014-2018
Figure 26: UAE Defense Exports by Country (%), 2014-2018
Figure 27: UAE Defense Exports by Category (%), 2014-2018
Figure 28: Industry Dynamics Porter’s Five Forces Analysis
Figure 29: UAE Budgeting Process
Figure 30: Key Challenges in UAE’s Defense Market
Figure 31: UAE Market Share Analysis, 2018
Figure 32: Abu Dhabi Ship Building - Revenue Trend Analysis (AED Billion), 2014-2018
Figure 33: Abu Dhabi Ship Building - Operating Profit Trend Analysis (AED Billion), 2014-2018
Figure 34: Abu Dhabi Ship Building - Net Profit Trend Analysis (AED Billion), 2014-2018
Figure 35: Lockheed Martin - Revenue Trend Analysis (US$ Billion), 2014-2018
Figure 36: Lockheed Martin - Operating Profit Trend Analysis (US$ Billion), 2014-2018
Figure 37: Lockheed Martin - Net Profit Trend Analysis (US$ Billion), 2014-2018
Figure 38: BAE Systems - Revenue Trend Analysis (GBP Million), 2014-2018
Figure 39: BAE Systems - Operating Profit Trend Analysis (GBP Million), 2014-2018
Figure 40: BAE Systems - Net Profit Trend Analysis (GBP Million), 2014-2018
Figure 41: Raytheon - Revenue Trend Analysis (US$ Billion), 2014-2018
Figure 42: Raytheon - Operating Profit Trend Analysis (US$ Billion), 2014-2018
Figure 43: Raytheon - Net Profit Trend Analysis (US$ Billion), 2014-2018
Figure 44: Rolls-Royce Plc. - Revenue Trend Analysis (GBP Billion), 2014-2018
Figure 45: Rolls-Royce Plc. - Operating Profit Trend Analysis (GBP Billion), 2014-2018
Figure 46: Rolls-Royce Plc. - Net Profit Trend Analysis (GBP Billion), 2014-2018
Figure 47: Northrop Grumman - Revenue Trend Analysis (US$ Billion), 2014-2018
Figure 48: Northrop Grumman - Operating Profit Trend Analysis (US$ Billion), 2014-2018
Figure 49: Northrop Grumman - Net Profit Trend Analysis (US$ Billion), 2014-2018
Figure 50: Thales - Revenue Trend Analysis (EUR Billion), 2014-2018
Figure 51: Thales - Operating Profit Trend Analysis (EUR Million), 2014-2018
Figure 52: Thales - Net Profit Trend Analysis (EUR Million), 2014-2018
Figure 53: Boeing - Revenue Trend Analysis (US$ Billion), 2014-2018
Figure 54: Boeing - Operating Profit Trend Analysis (US$ Billion), 2014-2018
Figure 55: Boeing - Net Profit Trend Analysis (US$ Billion), 2014-2018
Figure 56: UAE GDP Per Capita (US$), 2015-2025
Figure 57: UAE GDP at Current Prices (US$ Billion), 2015-2025
Figure 58: UAE Exports of Goods and Services (LCU Billion), 2005-2014
Figure 59: UAE Imports of Goods and Services (LCU Billion), 2005-2014
Figure 60: LCU per US$ (US$), 2015-2024
Figure 61: UAE Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 62: UAE Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 63: UAE Net Foreign Direct Investment (BoP, Current US$ Billion) 2005-2014
Figure 64: UAE Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
Figure 65: UAE Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014
Note: Product cover images may vary from those shown
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  • Abu Dhabi Ship Building
  • Gulf Logistics and Naval Support
  • Abu Dhabi Systems Integration
  • Lockheed Martin
  • BAE Systems Plc
  • Raytheon
  • Rolls-Royce Plc.
  • Northrop Grumman Corporation
  • Thales
  • The Boeing Company
Note: Product cover images may vary from those shown
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