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Market Research Report

Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

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Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023
Published: November 26, 2018 Content info: 111 Pages
Description

"Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023", published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report offers detailed analysis of the Qatari defense industry 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.

In particular, it provides an in-depth analysis of the following -

  • The Qatari defense industry market size and drivers: detailed analysis of the Qatari defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country's expenditure and modernization patterns
  • Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country
  • Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
  • Market opportunities:list of the top ten defense investment opportunities over the next 5 years
  • Competitive landscape and strategic insights: analysis of the competitive landscape of the Qatari defense industry.

Scope

  • With a cumulative expenditure of over US$39 billion during the forecast period, the country has plans to bolster its defense against Iranian ballistic missiles and long-range rockets. Qatari defense expenditure stands at US$5.8 billion in 2018.
  • Qatari defense expenditure is primarily driven by its participation in peacekeeping initiatives, the upgrade of military equipment, such as Terminal High Altitude Area 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.

Reasons to buy

  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Qatari defense industry market trends for the coming five years
  • The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
  • Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of the Qatari defense industry covering sections including demand drivers, Key Trends , and latest industry contracts.
Table of Contents
Product Code: GDDF0533MR

Table of Contents

1. Introduction 8

  • 1.1 What is this Report About? 8
  • 1.2 Definitions 8
  • 1.3 Summary Methodology 10
  • 1.4 About Strategic Defence Intelligence 11

2. Executive Summary 12

3. Market Attractiveness and Emerging Opportunities 14

  • 3.1. Current Market Scenario 15
    • 3.1.1. Primary Threat Perception 15
    • 3.1.2. Military Doctrine & Strategy 16
    • 3.1.3. Military Fleet Size 17
    • 3.1.4. Procurement Programs 21
    • 3.1.5. Social, Political and Economic Environment & Support for Defense Projects 24
    • 3.1.6. Political & Strategic Alliances 25
  • 3.2. Defense Market Size Historical and Forecast 26
    • 3.2.1. Qatari defense budget to grow at a CAGR of 8.47% during 2019-2023 26
    • 3.2.2. The arms race in the Middle East and strong cash reserves are the main factors driving Qatari defense expenditure 28
    • 3.2.3. Defense expenditure as a percentage of GDP to increase over the forecast period 29
  • 3.3. Analysis of Defense Budget Allocation 31
    • 3.3.1. Procurement of advanced equipment to drive capital expenditure allocation over the forecast period 31
    • 3.3.2. Capital expenditure is expected to grow at a CAGR of 10.83% over the forecast Period 33
    • 3.3.3. Qatar's per capita defense expenditure is expected to increase over the forecast period 35
  • 3.4. Homeland Security Market Size and Forecast 36
    • 3.4.1. Homeland security (HLS) expenditure in Qatar is mainly driven by Maritime security, the FIFA World Cup 2022, and Cyber-Security 36
    • 3.4.2. Qatar falls under 'some risk category' by terrorist attack 37
    • 3.4.3. Qatar faces "Some Risk" of terrorism 38
    • 3.4.4. Qatar has a terrorism index score of 0.1 40
  • 3.5. Benchmarking with Key Global Markets 41
    • 3.5.1. Qatari defense budget expected to register rapid growth over 2019-2023 41
    • 3.5.2. Qatari defense expenditure is small compared to the leading spenders 43
    • 3.5.3. Qatar spent over 3.2% of its GDP on defense in 2018 44
  • 3.6. Market Opportunities: Key Trends and Drivers 45
    • 3.6.1. Top 10 Defense Sectors by Value (US$ Million) - Projections over 2018-2023 45
    • 3.6.2. Fighters & Multi-Role Aircraft 46
    • 3.6.3. Airborne C4ISR 47
    • 3.6.4. Land-Based C4ISR 48

4. Defense Procurement Market Dynamics 49

  • 4.1. Import Market Dynamics 51
    • 4.1.1. Qatari defense industry is import driven 51
    • 4.1.2. US to continue to be major arms suppliers to Qatar 52
    • 4.1.3. Aircraft and Missiles to dominate Qatari defense imports 53
  • 4.2. Export Market Dynamics 54
    • 4.2.1. Qatar's defense export market is negligible 54

5. Industry Dynamics 55

  • 5.1. Five Forces Analysis 55
    • 5.1.1. Bargaining power of supplier: high 56
    • 5.1.2. Bargaining power of buyer: medium to high 56
    • 5.1.3. Barrier to entry: medium 56
    • 5.1.4. Intensity of rivalry: low to medium 56
    • 5.1.5. Threat of substitution: medium-high 56

6. Market Entry Strategy 57

  • 6.1. Market Regulation 57
    • 6.1.1. The Qatari Government does not disclose FDI in the defense industry 57
    • 6.1.2. Qatar has an undisclosed offset policy 57
  • 6.2. Market Entry Route 58
    • 6.2.1. Budgeting Process 58
    • 6.2.2. Procurement Policy and Process 58
    • 6.2.3. Historical evidence points to government-government deals being the preferred entry route 58
    • 6.2.4. Gulf Co-operation Council (GCC) to form joint Military Command, which could be an alternative entry route for foreign OEM's 58
    • 6.2.5. Cooperative agreement and military collaborations an easier way to access the Qatari defense market 59
  • 6.3. Key Challenges 60
    • 6.3.1. US domination of the Qatari defense market reduces opportunities for other foreign manufacturers 60
    • 6.3.2. Scarcity of skilled labor 60
    • 6.3.3. Drastic decline in global energy prices forced the country to re-evaluate requirements and prioritize defense spending in key sectors 60

7. Competitive Landscape and Strategic Insights 61

  • 7.1. Competitive Landscape Overview 61
  • 7.2. Key Foreign Companies 63
    • 7.2.1. Lockheed Martin: overview 63
    • 7.2.2. Lockheed Martin: products 63
    • 7.2.3. Lockheed Martin: recent announcements and strategic initiatives 63
    • 7.2.4. Lockheed Martin: alliances 65
    • 7.2.5. Lockheed Martin: recent contract wins 66
    • 7.2.6. Lockheed Martin: Financial Analysis 67
    • 7.2.7. Sikorsky: overview 69
    • 7.2.8. Sikorsky: products and services 69
    • 7.2.9. Sikorsky: recent announcements and strategic initiatives 69
    • 7.2.10. Sikorsky: alliances 71
    • 7.2.11. Sikorsky: recent contract wins 72
    • 7.2.12. Raytheon: overview 73
    • 7.2.13. Raytheon: products 73
    • 7.2.14. Raytheon: recent announcements and strategic initiatives 73
    • 7.2.15. Raytheon: alliances 76
    • 7.2.16. Raytheon: recent contract wins 77
    • 7.2.17. Raytheon: Financial Analysis 78
    • 7.2.18. Boeing: Overview 80
    • 7.2.19. Boeing: Products 80
    • 7.2.20. Boeing: Recent announcements and strategic initiatives 81
    • 7.2.21. Boeing: Alliances 82
    • 7.2.22. Boeing: Contracts 83
    • 7.2.23. BAE Systems Plc.: Overview 84
    • 7.2.24. BAE Systems Plc.: Products and Services 84
    • 7.2.25. BAE Systems Plc.: Alliances 85
    • 7.2.26. Dassault Aviation: Overview 86
    • 7.2.27. Dassault Aviation: Product Focus 86
    • 7.2.28. Dassault Aviation: Recent Announcements and Strategic Initiatives 86
    • 7.2.29. Dassault Aviation: Alliances 88
    • 7.2.30. Dassault Aviation: Recent Contract Wins 89
    • 7.2.31. Dassault Aviation: Financial Analysis 89
    • 7.2.32. Pilatus Aircraft Limited: Overview 92
    • 7.2.33. Pilatus Aircraft Limited: Products and services 92
    • 7.2.34. Pilatus Aircraft Limited: Recent announcements and strategic initiatives 92
    • 7.2.35. Pilatus Aircraft Limited: Alliances 93
    • 7.2.36. Pilatus Aircraft Limited: Recent contract wins 94

8. Business Environment and Country Risk 95

  • 8.1. Economic Performance 95
    • 8.1.1. GDP per Capita per Capita (US$) 95
    • 8.1.2. Gross Domestic Product, current US$ 96
    • 8.1.3. Exports of Goods and Services 97
    • 8.1.4. Imports of Goods and Services (Current LCU) 98
    • 8.1.5. Gross national disposable income 99
    • 8.1.6. Local Currency Unit per US$ 100
    • 8.1.7. Market Capitalization of Listed Companies 101
    • 8.1.8. Market Capitalization of Listed Companies as a % GDP 102
    • 8.1.9. Government Cash Surplus/Deficit 103
    • 8.1.10. Goods Exports as a % of GDP 104
    • 8.1.11. Goods Imports as a % of GDP 105
    • 8.1.12. Services Imports as a % of GDP 106
    • 8.1.13. Services Exports as a % of GDP 107
    • 8.1.14. Net Foreign Direct Investment 108
    • 8.1.15. Net foreign direct investment as % of GDP 109
    • 8.1.16. Mining, Manufacturing, Utilities Output 110

9. Appendix 111

  • 9.1. About GlobalData 111
  • 9.2. Disclaimer 111

List of Tables

  • Table 1: The Qatari Land Forces Strength 17
  • Table 2: Qatar Navy Strength 18
  • Table 3: Qatar Air Force Strength 19
  • Table 4: Qatari - Ongoing Development and Procurement Programs 21
  • Table 5: Qatari - Future Procurement Programs 22
  • Table 6: Qatari Top Defense Procurement Programs by Value (US$ Million), 2018-2023 23
  • Table 7: Qatari Defense Expenditure (QAR Billion & US$ Billion), 2014-2023 26
  • Table 8: Qatari GDP Growth and Defense Expenditure as Percentage of GDP Growth, 2014-2023 29
  • Table 9: Qatari Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023 31
  • Table 10: Qatari Defense Capital Expenditure (QAR Billion & US$ Billion), 2014-2023 33
  • Table 11: Qatari Per Capita Defense Expenditure (US$), 2014-2023 35
  • Table 12: Terrorism Index, 2018 38
  • Table 13: Benchmarking with Key Markets - 2014-2018 v/s 2019-2023 41
  • Table 14: Top Qatari Defense Sectors by Value (US$ Million), 2018-2023 45
  • Table 15: Competitive Landscape of the Qatar Defense Industry 61
  • Table 16: Top Defense Suppliers in the Qatari Defense Industry by Value (US$ Million), 2018-2023 62
  • Table 17: Lockheed Martin - Product Focus 63
  • Table 18: Lockheed Martin - Alliances 65
  • Table 19: Lockheed Martin- Recent Contract Wins 66
  • Table 20: Silkorsky Products and Services 69
  • Table 21: Sikorsky: Alliances 71
  • Table 22: Sikorsky: Recent Contract Wins 72
  • Table 23: Raytheon - Product Focus 73
  • Table 24: Raytheon - Alliances 76
  • Table 25: Raytheon - Recent Contract Wins 77
  • Table 26: Boeing - Product Focus 80
  • Table 27: Boeing - Alliances 82
  • Table 28: Boeing - Contracts 83
  • Table 29: BAE Systems Plc. - Products and Services 84
  • Table 30: BAE Systems Plc. - Alliances 85
  • Table 31: Dassault Aviation - Product Focus 86
  • Table 32: Dassault Aviation - Alliances 88
  • Table 33: Dassault Aviation - Recent Contract Wins 89
  • Table 34: Pilatus Aircraft Limited - Product Focus 92
  • Table 35: Pilatus Aircraft Limited - Alliances 94
  • Table 36: Pilatus Aircraft Limited - Recent Contract Wins 94

List of Figures

  • Figure 1: Qatari Defense Expenditure (QAR Billion), 2014-2023 27
  • Figure 2: Qatari Defense Expenditure (US$ Billion), 2014-2023 27
  • Figure 3: Qatar GDP Growth and Defense Expenditure as Percentage of GDP Growth, 2014-2023 30
  • Figure 4: Qatari Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023 32
  • Figure 5: Qatari Defense Capital Expenditure (QAR Billion), 2014-2023 34
  • Figure 6: Qatari Defense Capital Expenditure (US$ Billion), 2014-2023 34
  • Figure 7: Qatari Per-Capita Defense Expenditure (US$ ), 2014-2023 35
  • Figure 8: Terrorism Heat Map, 2018 37
  • Figure 9: Terrorism Index, 2018 40
  • Figure 10: Benchmarking with World's Largest and Top Regional Defense Spenders (US$ Billion), 2014-2018 vs. 2019-2023 42
  • Figure 11: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2018 and 2023 43
  • Figure 12: : Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018 44
  • Figure 13: Fighters and Multi-role Aircraft (US$ Million), 2018-2023 46
  • Figure 14: Airborne C4ISR Market Size (US$ Million), 2018-2023 47
  • Figure 15: Land-Based C4ISR Market Size (US$ Million), 2017-2027 48
  • Figure 16: Top Qatari Defense Procurements in Terms of Their Supplier Relationships 49
  • Figure 17: Qatari Defense Imports (US$ million), 2013-2017 51
  • Figure 18: Qatari Defense Imports by Country (%), 2013-2017 52
  • Figure 19: Qatari Defense Imports by Category, 2013-2017 53
  • Figure 20: Industry Dynamics Porter's Five Forces Analysis 55
  • Figure 21: Lockheed Martin - Revenue Trend Analysis (US$ billion), 2013-2017 67
  • Figure 22: Lockheed Martin - Operating Profit Trend Analysis (US$ billion), 2013-2017 68
  • Figure 23: Lockheed Martin - Net Profit Trend Analysis (US$ billion), 2013-2017 68
  • Figure 24: Raytheon - Revenue Trend Analysis (US$ billion), 2013-2017 78
  • Figure 25: Raytheon - Operating Profit Trend Analysis (US$ billion), 2013-2017 79
  • Figure 26: Raytheon - Net Profit Trend Analysis (US$ billion), 2013-2017 79
  • Figure 27: Dassault Aviation - Revenue Trend Analysis (EUR Billion), 2012-2016 89
  • Figure 28: Dassault Aviation - Operating Profit Trend Analysis (EUR Million), 2012-2016 90
  • Figure 29: Dassault Aviation - Net income Trend Analysis (EUR Million), 2012-2016 90
  • Figure 30: Qatari GDP per capita (US$), 2015-2025 95
  • Figure 31: Qatari Gross Domestic Product (current US$ Billion), 2015-2025 96
  • Figure 32: Qatari Exports of goods and services (LCU Billion), 2005-2014 97
  • Figure 33: Qatari Imports of goods and services (LCU), 2005-2014 98
  • Figure 34: Qatari Gross national disposable income (US$ billion), 2005-2014 99
  • Figure 35: Qatari LCU per US$, 2015-2024 100
  • Figure 36: Qatari market capitalization of listed companies (US$ Billion), 2005-2012 101
  • Figure 37: Qatari Market Capitalization of listed companies as a % of GDP, 2005-2012 102
  • Figure 38: Qatari Government Cash Surplus/deficit as % of GDP , 2005-2010 103
  • Figure 39: Qatari Goods Exports as a % of GDP 2011-2014 104
  • Figure 40: Qatari Goods Imports as a % of GDP 2011-2014 105
  • Figure 41: Qatari Services Imports as a % of GDP 2011-2014 106
  • Figure 42: Qatari Services Exports as a % of GDP, 2011-2014 107
  • Figure 43: Qatari Net Foreign Direct Investment (current US$ Billion) 2011-2014 108
  • Figure 44: Qatari Net Foreign Direct Investment as a % of GDP 2011-2014 109
  • Figure 45: Qatari Mining, Manufacturing, Utilities Output (LCU Billion) 2005-2014 110
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