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Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019
  • Published : February , 2014
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  • Number of Pages : 80
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  • Published By : Strategic Defence Intelligence



Report Overview

Synopsis
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.
SUMMARY
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. 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.
SCOPE
The report provides detailed analysis of the current industry size and growth expectations from 2015 to 2019, 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 Qatari 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 Qatar. 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.
reason to buy
With its small territory and narrow population base, Qatar relies primarily on external cooperation and support for its security. Since 2009, there has been a shift in the country’s procurement strategy towards the use of US made weapons, with 87% of defense imports coming from companies based in the US. The acquisition of attack and transport helicopters and other weapons systems, including air defense and missile defense, points to the country’s increasing reliance on US made systems. Furthermore, the Defense Cooperation Agreement signed by both countries in 2013 will allow US military troops to operate at Qatar’s Al Udeid Air Base through at least 2024. Qatar also imports from Italy and France and efforts are set to continue in the forecast period so as to reduce dependency from a single nation. However, during the forecast period, the country will largely depend on the US for its military equipment procurements and support services. Foreign investors may be deterred from entering the Saudi Arabian defense market because of a scarcity of skilled labor, induced by the lack of industrial capabilities within the country. Moreover, the country’s labor market is anticipated to feel the pressure created by neighboring countries such as the UAE, Oman and Saudi Arabia, who are set to launch large development projects and are offering better pay scales to skilled and semi-skilled laborers.



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