This report is the result of SDI’s extensive market and company research covering the UAE defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news. http://www.bharatbook.com/defense-market-research-reports/future-of-the-uae-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2017.html
Introduction and Landscape
Why was the report written?
The Future of the UAE Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2017 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the UAE defense industry.
What is the current market landscape and what is changing?
The UAE defense expenditure increased at a CAGR of 3.4% during the review period and valued US$9.3 billion in 2012. The modernization initiatives of the UAE are reflected in the growth of its defense budget over the review period. The multitude of deals signed with foreign OEMs at its biennial international defense expositions proves the attractiveness of the UAE’s defense market. With substantial financial resources, minimal indigenous defense capabilities and a growing threat from Iran’s advances in ballistic missile technology, the UAE is investing heavily in defense, with a particular focus on fighter jets, anti-missile systems and homeland security. The country is expected to spend US$52.5 billion on defense during the forecast period.
What are the key drivers behind recent market changes?
The UAE’s defense expenditure is primarily driven by its focus on the protection of critical infrastructure, its territorial dispute with Iran, and its peacekeeping initiatives in the Gulf. Oil and gas industries contribute a third of the country’s GDP, making it of the highest priority for the UAE to protect its reserves which in turn are expected to drive the demand for homeland security systems in the forecast period, such as border patrol and surveillance systems.
What makes this report unique and essential to read?
The Future of the UAE Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2017 provides detailed analysis of the current industry size and growth expectations from 2013 to 2017, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
Key Features and Benefits
The report provides detailed analysis of the current industry size and growth expectations from 2013 to 2017, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
The report includes trend analysis of imports and exports, together with their implications and impact on the UAE defense industry.
The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
The report helps the reader to understand the competitive landscape of the defense industry in the UAE. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
Key Market Issues
The ability to comply with the UAE’s stringent offset requirements is one of the key challenges faced by foreign OEMs. The offset obligation, which can be the equivalent of to up to 60% of the contract value, must be invested in the form of a profitable and sustainable non-oil related joint venture in which the foreign OEM can own a maximum of 49%. However, to minimize the difficulties faced by foreign OEMs, the UAE has established Abu Dhabi Investment Company (ADIC), which facilitates offset participation.
The UAE’s preference for the transfer of technology as part of defense deals poses another significant challenge to foreign OEMs wishing to enter the market. To enhance its indigenous capabilities, the UAE often requests external firms to share proprietary information with domestic defense firms. Although a small number of OEMs that complied with these requests, the majority of firms remain reluctant to share this information, especially as these companies are not permitted to hold a majority share in the joint venture.
Table of Contents
1.1. What is this Report About?
1.3. Summary Methodology
1.4. SDI Terrorism Index
1.5. About Strategic Defence Intelligence
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
3.1. Defense Market Size Historical and Forecast
3.1.1. The defense budget of the UAE recorded a CAGR of XX% over the review period
3.1.2. Protection of critical infrastructure, territorial dispute with Iran and peace keeping initiatives to drive defense expenditure
3.2. Analysis of Defense Budget Allocation
3.2.1. Capital expenditure allocation is expected to increase during the forecast period
3.2.2. Defense budget as a percentage of GDP is expected to increase during the forecast period
3.2.3. Revenue expenditure expected to record a CAGR of XX% over the forecast period
3.3. Homeland Security Market Size and Forecast
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Future of the UAE Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2017
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Future of the UAE Defense Industry - Market Attractiveness