Albany, NY -- (SBWIRE) -- 10/12/2018 -- Kuwait remains wary of the resurgence of Islamic State (IS) in neighboring Iraq with which shares a long border and continues to face the threat of IS infiltration. Although the influence of IS reduced significantly by 2017, IS extremists, which in the past orchestrated an attack on Imam Sadiq mosque in the Al Sawabir area of Kuwait City, can regroup and launch strikes on other targets within Kuwait. Thus Kuwait is expected to invest heavily in securing its frontiers to prevent illegal infiltration. To evaluate various trends, drivers and factors influencing future of the Kuwaiti defense industry, Market Research Hub (MRH) has included a report titled "Future of the Kuwaiti Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" to its repository.
With a military expenditure of US$7.6 billion in 2018, Kuwait is expected to cumulatively spend US$48.3 billion on its military over the forecast period. Kuwaiti military and security expenditure, which stood at US$7.6 billion in 2018, registered a CAGR of 6.87% during the historic period. Between 2014 and 2018, the country allocated an average of 19.3% of the total defense budget to capital expenditure, and the remaining 80.7% to revenue expenditure.
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Future of Kuwaiti Defense Industry: Highlights
The report delivers detailed exposure to current and future scenario of Future of Kuwaiti defense industry. The focus of the report is to deliver in-depth analysis of factors influencing growth of the market and present and future market potential of Kuwaiti defense industry. The report delivers analysis of key trends, drivers and restraints that are widely influencing growth of the market with respect to region. Further, the report comprises competitive landscape, key developments and innovations, market share with respect to applications and market projections with respect to segments of the global market. Analysis of various drivers, trends and restraints with respect to each region have been propounded in this report. Estimation of market growth of each region have been included in this report.
A systematic approach have been considered to meet vital insights mentioned in this report. Segmentation of the report ranging from executive summary to competitive landscape will be helpful to the readers of the report to leverage unbiased actionable intelligence propounded in this report. Market segmentation information based on market size with respect to value and volume have been propounded in the executive summary section of the report. A dashboard view of leading players operating in the global market is beneficial for the readers to understand competitiveness present in the global market and to plan novel strategies to remain at the pole position.
Future of Kuwaiti Defense Industry: Research Methodology
A comprehensive methodology backup by all-inclusive research on the basis of detailed study of various market areas have been deemed for the evaluation of the market size and future recital of the global market. Primary and secondary research have been carried out to reach vital insights mentioned in this report. Under primary research, studies and surveys of prominent players, seasoned market analysts have been analyzed. Vital study of paid sources, trade journals and industry databases have been included in the secondary research. With the analyzed geographies, analysis of all market segments, market attractiveness has been evaluated. This is complementary to the vital insights mentioned in this report. The approach taken for the evaluation of the insights mentioned in this report will deliver readers with most conceivable and valid forecast of future of Kuwaiti defense industry.
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