1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About the Publisher
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. Top Procurement Programs by Value (US$ Million), 2019-2024
3.1.5. Geopolitical, Social and Economic Scenario
3.1.6. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Iraqi annual defense expenditure to reach US$9.7 billion by 2024
3.2.2. US Military and Security Aid
3.2.3. Territorial disputes and the war against terrorism are expected to drive defense expenditure
3.2.4. Iraq’s defense expenditure as a percentage of GDP to decrease over 2020-2024
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure share to average 28.2% over the forecast period
3.3.2. Capital expenditure to increase over the forecast period
3.3.3. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Allocation for the police forms the major component of the country’s homeland security expenditure
3.4.2. Fighting terrorism, controlling sectarian violence, and oil infrastructure protection will be the key factors driving homeland security
3.5. Benchmarking with Key Global Markets
3.5.1. Iraqi defense expenditure expected to record a CAGR of 5.50% over 2020-2024
3.5.2. Iraqi defense expenditure is low compared to other major defense spenders
3.5.3. Iraq’s defense expenditure is anticipated to reach 3.1% of GDP in 2024
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections Over 2019-2024
3.6.2. Military Infrastructure and Logistics-Infrastructure Construction
3.6.3. Military Infrastructure and Logistics Facilities Management
3.6.4. Land-based C4ISR
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports decreased during 2014-2018
4.1.2. The US and Russia were the leading suppliers of arms during 2014-2018
4.1.3. Aircraft and armored vehicles accounted for the majority of defense imports between 2014 and 2018
4.2. Export Market Dynamics
4.2.1. Iraq’s defense export market is negligible
5. Industry Dynamics
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. Market Entry Strategy
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. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.1.1. Top Defense Suppliers in Iraqi Defense Industry by Value (US$ Million), 2019-2024
7.1.2. Iraq Market Share Analysis, 2018
7.1.3. 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. Business Environment and Country Risk
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)
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. Appendix
9.1. About the Publisher
9.2. Disclaimer
List of Tables
Table 1: Iraq - Ongoing Procurement Programs, 2018
Table 2: Iraq - Future Procurement Programs, 2018
Table 3: Iraq - Defense Procurement Programs by Value (US$ Million), 2019-2024
Table 4: Iraq - Defense Expenditure (IQD Trillion and US$ Billion), 2015-2024
Table 5: Iraq - Defense Expenditure Including US Aid, 2015-2019
Table 6: Iraq - GDP Growth vs Defense Expenditure as a Percentage of GDP, 2015-2024
Table 7: Iraq - Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 8: Iraq - Defense Capital Expenditure (IQD Trillion and US$ Billion), 2015-2024
Table 9: Iraq - Per Capita Defense Expenditure (US$), 2015-2024
Table 10: Iraq - Homeland Security Expenditure (IQD Trillion and US$ Billion), 2015-2024
Table 11: Benchmarking with Key Markets - 2015-2019 vs. 2020-2024
Table 12: Top Iraqi - Defense Market Sectors by Value (US$ Million), 2019-2024
Table 13: Top Defense Suppliers in Iraqi Defense Industry - By Value (US$ Million), 2019-2024
Table 14: Competitive Landscape of the Iraqi Defense Industry
Table 15: General Dynamics Corporation - Products
Table 16: General Dynamics Corporation - Alliances
Table 17: General Dynamics Corporation - Recent Contract Wins
Table 18: Lockheed Martin - Products
Table 19: Lockheed Martin - Alliances
Table 20: Lockheed Martin - Recent Contract Wins
Table 21: BAE Systems Plc - Products and Services
Table 22: BAE Systems Plc - Alliances
Table 23: BAE Systems Plc - Recent Contract Wins
Table 24: Bell Helicopter Textron, Inc - Products and Services
Table 25: Bell Helicopter Textron, Inc - Alliances
Table 26: Bell Helicopter Textron, Inc. - Recent Contract Wins
Table 27: Raytheon - Products
Table 28: Raytheon - Alliances
Table 29: Raytheon - Recent Contract Wins
List of Figures
Figure 1: Iraqi Defense Budget: 2020 and 2024
Figure 2: Iraqi Defense Imports/Exports: 2014 and 2018
Figure 3: Iraq’s Top Prospective Procurements/Developments
Figure 4: Iraqi National Security Threats
Figure 5: Iraq’s Partnering Countries for Defense Cooperation and Military Training
Figure 6: Iraq - Defense Expenditure (IQD Trillion), 2015-2024
Figure 7: Iraq, Defense Expenditure (US$ Billion), 2015-2024
Figure 8: Iraq - Defense Budget Excluding US Aid (US$ Billion) vs Defense Budget Including US Aid (US$ Billion), 2015-2019
Figure 9: Iraq - GDP Growth vs Defense Expenditure as a Percentage of GDP Growth, 2015-2024
Figure 10: Iraq - Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 11: Iraq - Defense Capital Expenditure (IQD Trillion), 2015-2024
Figure 12: Iraq - Defense Capital Expenditure (US$ Billion), 2015-2024
Figure 13: Iraq - Per Capita Defense Expenditure (US$), 2015-2024
Figure 14: Iraq - Homeland Security Budget (IQD Trillion), 2015-2024
Figure 15: Iraq - Homeland Security Budget (US$ Billion), 2015-2024
Figure 16: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
Figure 17: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2019 and 2024
Figure 18: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 19: Military Infrastructure and Logistics Infrastructure Construction Market Size (US$ Million), 2019-2024
Figure 20: Military Infrastructure and Logistics Facilities Management Market Size (US$ Million), 2019-2024
Figure 21: C4ISR Land-based Market Size (US$ Million), 2019-2024
Figure 22: Top Iraq Defense Procurements in Terms of Supplier Relationships
Figure 23: Iraq - Defense Import Trend (US$ Million), 2014-2018 (TIV Values)
Figure 24: Iraq - Defense Imports by Country (%), 2014-2018
Figure 25: Iraq - Defense Imports by Category (%), 2014-2018
Figure 26: Industry Dynamics Porter’s Five Forces Analysis
Figure 27: Iraq Budgeting Process
Figure 28: Key Challenges in Iraqi Defense Market
Figure 29: Iraq Market Share Analysis, 2018
Figure 30: Raytheon - Revenue Trend Analysis (US$ Billion), 2014-2018
Figure 31: Raytheon - Operating Profit Trend Analysis (US$ Billion), 2014-2018
Figure 32: Raytheon - Net Profit Trend Analysis (US$ Billion), 2014-2018
Figure 33: Iraq - GDP Per Capita (US$), 2015-2025
Figure 34: Iraq - GDP, Current Prices (US$ Billion), 2015-2025
Figure 35: Iraq - Exports of Goods and Services (LCU Trillion), 2005-2014
Figure 36: Iraq - Imports of Goods and Services (LCU Trillion), 2005-2014
Figure 37: Iraq - Local Currency per US$ Exchange Rate, 2015-2024
Figure 38: Iraq - Goods Exports as a Percentage of GDP, 2005-2012
Figure 39: Iraq - Goods Imports as a Percentage of GDP, 2005-2012
Figure 40: Iraq - Service Imports as a Percentage of GDP, 2005-2012
Figure 41: Iraq - Service Exports as a Percentage of GDP, 2005-2012
Figure 42: Iraq - Foreign Direct Investment (US$ Billion), 2005-2012
Figure 43: Iraq - Net Foreign Direct Investment as a Percentage of GDP, 2005-2012
Figure 44: Iraq - Mining, Manufacturing, Utilities Output (LCU Trillion), 2005-2014
