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New Market Research Report: Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019

Fast Market Research recommends "Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019" from Strategic Defence Intelligence, now available

 
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Boston, MA -- (SBWIRE) -- 04/10/2014 -- This report is the result of SDI's extensive market and company research covering the Qatari 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.

Introduction and Landscape
Why was the report written?
The Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2019offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Qatari defense industry.

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What is the current market landscape and what is changing?
Being one of the most attractive markets in the Middle East due to its robust financial position and aggressive procurement strategies, Qatar is closing its gap with historical regional strongholds such as Saudi Arabia and UAE. For the moment, the country's procurements are focused on missile defense systems and associated radars, a trend that is being witnessed throughout the Middle East. With a collective expenditure of over US$13 billion, the primary reason for such expenditure is the need to build up defense against Iranian ballistic missiles and long-range rockets. Qatari defense expenditure stands at US$3 billion in 2014 and is estimated to increase at a strong CAGR of 16.48% to reach US$6.4 billion by 2019. Qatari defense expenditure is primarily driven by participating in peacekeeping initiatives, the upgrade of military equipment such as Terminal High Altitude Defense Systems(THAADS) and PAC missile defense systems, multi-mission and attack helicopters, fighter aircraft main battle tanks and the procurement of advanced technology equipment. The country's cumulative expenditure on the procurement of advanced military hardware is projected to be US$5.0 billion over the next five years. With an underdeveloped domestic defense sector, the country is reliant on foreign manufacturers and this will provide numerous opportunities for suppliers and OEMs to access the Qatari market. The country's defense industry is expected to focus its expenditure on Main Battle Tanks (MBTs), artillery systems, missile defense systems, radar systems, utility helicopters, training and fighter aircraft, and night-vision goggles.

What are the key drivers behind recent market changes?
Arms race in the Middle East and strong cash reserves

What makes this report unique and essential to read?
The Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2019provides detailed analysis of the current industry size and growth expectations from 2015 to 2019, 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.

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