MarkNtel Advisors recently published a detailed industry analysis of the GCC Defense Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

GCC Defense Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2026

The GCC Defense Market is likely to grow at a CAGR of around 2.12% during 2021-26

Key Findings in GCC Defense Market:

• Historical Analysis: 2016–2019
• Base Year: 2020
• Forecast Period: 2021–2026

Leading Market Players- Saudi Arabian Military Industries, Emirates Defence Industries Company, Advanced Electronics Company, Military Industries Corporation, Dahra Engineering & Security Services LLC, Lockheed Martin Corporation, The Boeing Company, Elbit Systems Ltd, Israel Aerospace Industries, Raytheon Company, Rheinmetall AG, Aselsan AS, Northrop Grumman Corporation, Thales SA, Honeywell International Inc., BAE Systems PLC, Rockwell Collins, L3 Technologies Inc., Airbus SE, Leonardo SpA.)

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the GCC Defense industry?

Rapid Technological Advancements & Favorable Regulations by Member Countries- With swiftly escalating geopolitical tensions among countries, the government is immensely investing in the defense sector & taking initiatives in several research & development activities to procure weapons & equipment with advanced technology having more accuracy, lethality, and range. Besides, the dynamic warfare nature and rising cases of terrorist activities are further instigating the need to strengthen national security with a robust defense system. Hence, gulf countries are anticipated to drive the market in the coming years.

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What segments define the GCC Defense Market from 2021 to 2026? How do these segments contribute to market dynamics and growth?

By Aircraft

• • Fighter Aircraft
  • Transport Aircraft
  • Surveillance Aircraft
  • Helicopter
    • Combat
    • Transport
  • UAVs
    • Surveillance
    • Armed

By Weapons & Ammunitions

• • Missiles & Air Defence Systems
  • Artillery systems & Mortar Systems
  • Infantry Weapons
  • Ammunitions

By Sea Based Platforms

• • Transport Ships
  • Combat Ships
  • Surveillance Ships
• Land Based Vehicles
  • Infantry & Armoured Vehicles
  • Tanks
• Personal Training & Protection
  • Training & Simulation
  • Personal Protective Equipment
• Maintenance, Repair & Overhaul (MRO)
  • Vehicles
  • Weapons & Ammunitions
  • Communication Systems

Explore the Complete GCC Defense Market Analysis Report – https://www.marknteladvisors.com/research-library/gcc-defense-market.html

Geographical Analysis: GCC Defense Market

 By Country

• Saudi Arabia
• UAE
• Qatar
• Kuwait
• Bahrain
• Oman

GCC Defense Market Recent Development:

•  In February 2021, Saudi Arabia Military Industries (SAMI) signed a deal to jointly work with the US-based Lockheed Martin Corporation to improve Saudi Arabia’s defense & manufacturing capabilities. This deal involves the development of localized capabilities by transferring technology & knowledge and training the Saudi workforce in manufacturing products for & providing services to the Saudi armed forces.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the GCC Defense Market?
• How is the GCC Defense Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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