Future of the Qatari Defense Industry 2017-2022 - $2.7 billion market attractiveness, competitive la
The "Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" report has been added to ResearchAndMarkets.com's offering.
The report "Future of the Qatari Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" 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.
The country's capital expenditure is expected to increase from about US$1.4 Billion in 2017 to around US$2.7 Billion in 2022, growing at a strong CAGR of over 14.5% during the forecast period. The Qatari Defense Ministry is expected to procure attack and multi-utility helicopters, missile defense systems, fighter aircraft, main battle tanks, and early warning radar systems.
Qatari defense industry is one of the fastest-growing defense markets in the Middle East, and, due to the underdeveloped domestic defense sector, relies on foreign OEMs (original equipment manufacturers) to strengthen its defense capabilities. During 2012-2016, Qatar sourced the majority of its defense imports from companies based in the US, which dominated by fulfilling around 68% of the country's arms imports. Aircrafts accounted for over 51% of Qatar's arms imports, followed by missile systems and armored vehicles.