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Iraq Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027

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  • 63 Pages
  • April 2022
  • Region: Iraq
  • GlobalData
  • ID: 5597697
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Iraq Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Iraq's defense budget valued $6.9 billion in 2022, an increase of $0.4 billion compared to its value in 2021. A declining trend in the defense budget can be seen during 2018-20, primarily due to the country's heavy reliance on oil and gas revenues to fund its expansive defense modernization programs. Thus, the severe decline in global oil and gas prices during 2018-20 adversely impacted the country's defense spending capability and forced it to cut back on its defense spending. A CAGR of 2% was recorded during the historic period (2018-22), while a CAGR of 2.6% is expected over the forecast period (2023-27).

This report offers detailed analysis of the Iraqi defense market 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.

Key Highlights

  • Iraqi defense expenditure stands at $6.9 billion in 2022 and registered a CAGR of 2% during 2018-22. The country is spending billions of dollars to increase its military power, due to increasing regional instability, the security threat presented by the regrouping IS, and increasing instances of civil unrest
  • The prevailing regional instability has made it imperative for the Iraqi defense ministry to make significant investments to strengthen its defense capabilities. The Iraqi Ministry of Defence (MoD) has drafted a military reform program to procure modern military hardware, such as fighter jets, attack helicopters, unmanned aerial vehicles, tanks, tactical trucks, and communication equipment, among others
  • Attractive sectors in Iraq's defense market are military infrastructure and logistics, missiles and missile defense systems, military rotorcraft, and military land vehicles. The military infrastructure and logistics market accounts for the highest share of $1,820 million from 2022 to 2027, followed by missiles and missile defense systems ($1,664 million), and military rotorcraft ($701 million)

Who Should Buy

  • Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives
  • The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements
  • The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups


In particular, it provides an in-depth analysis of the following:
  • Iraq defense budget: detailed analysis of the Iraqi 2022 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions
  • Regulation: the procurement policy and process is explained. This is coupled with an analysis of the Iraqi military doctrine and strategy to provide a comprehensive overview of Iraqi military regulation
  • Security Environment: political alliances and perceived security threats to Iraq are examined; there help to explain trends in spending and modernisation
  • Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
  • Competitive landscape and strategic insights: analysis of the competitive landscape of Iraq's defense industry

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of the Iraqi defense market over the next five years
  • Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Iraqi market and identify the opportunities offered
  • Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
  • Identify the major threats that are driving the Iraqi defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
  • Channel resources by focusing on the ongoing programs that are being undertaken by the Iraqi government
  • Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available

Table of Contents

Executive Summary
  • Defense Budget Assessment
  • Budgeting Process
  • Defense Market Size Historic And Forecast
  • Drivers Of Defense Expenditure
  • Analysis Of Defense Budget Allocation
  • Military Doctrine And Security Environment
  • Military Doctrine And Strategy
  • Primary Threat Perception
  • Political And Strategic Alliances
  • Geopolitical Social And Economic Scenario
  • Market Entry Strategy And Regulations
  • Procurement Policy And Process
  • Market Regulations
  • Market Entry Route
  • Key Challenges
  • Major M&A, Financing and Partnerships of Iraqi Defense Market
  • Market Attractiveness And Emerging Opportunities
  • Market Attractiveness, 2020 25
  • Top Defense Segments By Value
  • Import And Export Market Dynamics
  • Import Market Dynamics
  • Defense Platform Acquisitions
  • Defense Platform Acquisitions By Value
  • Bell 407
  • Fleet Size
  • Competitive Landscape
  • Defense Companies Operating In Iraq
  • Main Defense Companies
  • Appendix
  • Macroeconomic Indicators
  • About This Report
  • About Us
  • Contact the Publisher

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Textron
  • Pakistan Aeronautical Complex
  • Navistar Defense