Future of the UAE Defense Industry - Market Attractiveness and Forecasts to 2017


Posted June 10, 2014 by matildefernandes

This report covers the UAE defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulator.

 
This report is the result of SDIs 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.


[b]Scope[/b]

* 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.


[b]Key Highlights[/b]

* The UAEs 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. In order to ensure the protection of the countrys most important infrastructures, the UAE has established the Critical National Infrastructure Authority (CNIA), which is forecast to spend approximately US$11 billion by 2021 in order to achieve this goal. In addition, the UAE fears that issues over the territorial claim on the Strait of Hormuz could lead to attacks from Iran. This fear led the country to increase its defense procurement. With limited indigenous capabilities, the UAE was actively importing fighter jets and anti-missile systems in the review period, and this procurement is expected to continue during the forecast period. Furthermore, the active participation of the country in international peacekeeping missions is also expected to drive defense expenditure during the forecast period. Since 2007, the UAE has committed its military forces to international peacekeeping missions, with a particular focus on the Middle East. The UAE has also participated in peacekeeping operations in Somalia, Lebanon and Kosovo, where it is assisting in de-mining initiatives.
* During 2007-2011, the UAEs defense imports primarily comprised aircraft, which held a share of 60% of the countrys total defense imports. Other major categories of defense imports include missiles, air defense systems, sensors and ships. In 2011, the share of aircraft in UAE defense imports increased to 61% with missiles, air defense systems, sensors and ships accounting for 36%. This was the result of the governments military modernization program, which aims to improve the countrys air defense capabilities.
* During the review period, the UAE experienced rapid development in its infrastructure in both the public and private sectors, a development that increased the countrys already significant expatriate population to 80% of the total population. An increased focus on the protection of corporate employees, combined with the UAEs commitment towards homeland security, is expected to stimulate significant growth in the market over the forecast period. Additionally, defense agencies are in the process of procuring identification and access control equipment, perimeter security, monitoring and control devices, video monitors, CCTV cameras, warning and signaling devices, personal protection devices and accessories, armored and emergency response vehicles, and checking, searching and investigation equipment, including x-ray inspection equipment. Therefore, the market opportunities in this sector are expected to attract foreign security consultants, system integrators and security equipment suppliers.


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SOURCE: Researchonuae.com


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Categories Business , Reports , Research
Tags defence industry opportunities , defense industry in uae , equipment manufacturers in uae , future of the uae defense industry , uae defense industry
Last Updated June 10, 2014