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The new 380 page report, now available on ASDReports: Top 15 Defence Companies Competing in the Middle East Defence Market 2015: Prospects For Leading Military Contractors examines the Middle East defence market in detail with a focus on the leading companies in operation within this fragmented and diverse market. This report details the percentage share of each of the leading 15 companies within the market in 2014 and provides analysis of both the overall landscape of the Middle East defence market, as well as for each individual company listed among the leading 15.
This report focuses on 11 international defence contractors with significant operational bases in the region, as well as four local Middle Eastern defence companies competing for both local and international defence contracts. The introduction of the indigenous Middle Eastern defence companies provides for a much more region-centric approach and indicates the growing local defence industry.
Top 15 Defence Companies Competing in the Middle East Defence Market 2015
Considering the experience of the past six years and the current geostrategic and security arrangements in the Middle East, the report expects the regional defence market to reach between approximately $188bn and $215bn by 2020. The average annual growth rate (AGR) for the last six years is as high as 5% indicating strong spending patterns are likely to continue for the years to come as the region tackles the growing threat of the Islamic State (IS) terrorist organisation, and continues to engage in its geostrategic competition with the Islamic Republic of Iran.
The 75,000-word analyses the leading 50 Middle Eastern defence companies providing data on Middle East market share, Middle East revenues, historical total revenues and regional revenue analysis, along with analysis of product offerings, and individual SWOT analysis for each leading 15 companies.
The report details 666 contracts, project and programmes providing valuable strategic insight into the region’s market dynamics and business opportunities. The report also includes a detailed qualitative analysis of the strengths, weaknesses, opportunities and threats (SWOT) underpinning the market. The Top 15 Defence Companies Competing in the Middle East Defence Market 2015 Prospects For Leading Military Contractors therefore provides an unrivalled level of detail in its analysis of market trends and commercial prospects.
Matthew Machowski, the analyst responsible for The Top 15 Defence Companies Competing in the Middle East Defence Market 2015: Prospects For Leading Military Contractors summarised its findings:
“The Middle East defence market is certainly among the world’s most densely populated and well funded markets. Military expenditures in the region continue to be high, with Saudi Arabia and the United Arab Emirates among the world’s top 10 defence spenders. Defence funding in the region per capita outstrips that of any other geographical region worldwide. Both large and small international military and defence companies compete heavily within this market driven here by declining military spending across Europe and the United States. Many of the region’s biggest spenders, historically heavily depended on the Western nations, particularly the US, for their military imports are now consciously looking into diversifying their provider base – a significant recent development contributing to the growth of the local, mostly Turkish, defence industry.”
The Top 15 Defence Companies Competing in the Middle East Defence Market 2015 Prospects For Leading Military Contractors, is an invaluable reference offering extensive market analysis and evaluation of future commercial prospects.
Source : ASDReports - Market Research - view original press release