Future of the Jordanian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020

Radiant Insights

Summary

Jordan’s defense budget increased marginally from US$1.70 billion in 2011 to US$1.71 billion in 2015, registering a CAGR of 0.27%. The slow growth rate can be attributed to the country’s struggling economy, high unemployment rates, lack of natural resources, and the burden of hosting a large refugee population. However, Jordan’s recent attempts to upgrade its military equipment are expected to drive its defense expenditure over the forecast period, which is projected to rise from US$1.8 billion in 2015 to US$1.9 billion by 2020, at a CAGR of 2.05%. The country is estimated to maintain the budget allocation for capital expenditure at an average of 3.3% over the forecast period

Key Findings

  • During 2011-2015, Jordanian defense expenditure registered a growth rate of 0.27%, increasing from US$1.70 billion in 2011 to US$1.71 billion in 2015
  • Military expenditure is anticipated to register a CAGR of 2.05% during 2016-2020, to value US$1.9 billion in 2020 – Over the forecast period, the country’s budget for homeland security is expected to be US$8.8 billion cumulatively
  • The key areas of investment are expected to be armored vehicles, patrol boats, and border surveillance equipment

Synopsis

Strategic Defence Intelligence’sreport – Future of the Jordanian

  • Defense Industry- Market Attractiveness, Competitive Landscape and Forecasts to 2020 offers detailed analysis of the industry with market size forecasts from 2016-2020. This report will also analyze factors that influence demand in the industry, key market trends, and challenges faced by industry participants.In particular, it provides an in-depth analysis of the following:
  • Defense industry market size and drivers: detailed analysis of the defense industry during 2016-2020, including highlights of the demand drivers and growth stimulators. 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 the army, navy, and air force. It also details the key challenges faced by defense market participants within the country
  • Porter’s Five Force analysis of the defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, buyers, threat of substitution, intensity of rivalry, and barriers to entry
  • Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
  • Market opportunities: details of the top five defense investment opportunities from 2015 to 2025
  • Competitive landscape and strategic insights: including an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis
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About chainsoff.

Middle East MEDIA SCOPE, LTD Middle East MEDIA POST, LLC MEMBER@ ADVISORY BOARD, DEFENCE UNLIMITED.COM (CANADA) ASSOCIATE@TheIntelligenceCommunity https://www.revolvermaps.com/?target=enlarge&i=0settggap27&dm=4
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