Future of the Moroccan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024
March 2019
88
About the Report
About the Report
Future of the Moroccan Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2024
Summary
"Future of the Moroccan Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2024", published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.
This report offers detailed analysis of the Moroccan 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.
In particular, it provides an in-depth analysis of the following-
- The Moroccan defense industry market size and drivers: detailed analysis of the Moroccan defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. 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 capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country
- Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
- Market opportunities: list of the top ten defense investment opportunities over the next 5 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Moroccan defense industry.
Scope
- Between 2015 and 2019, Morocco's defense expenditure increased from USD 3.3 billion in 2015 to USD 3.7 billion in 2019, registering a CAGR of 3.39%.
- The defense budget is anticipated to increase from USD 3.9 billion in 2020 to USD 4.7 billion by 2024, registering a CAGR of 4.24%.
- The rise in defense spending is mainly driven by the procurement of F-16 Fighting Falcons, Single Channel Ground and Airborne Radio Systems (SINCGARS) combat net radio, M1A1 tanks, electric submarines and patrol ships.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Moroccan defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the Moroccan defense industry covering sections including demand drivers, Key Trends , and latest industry contracts.
Products
Products
Defense, budget, offset, regulation, capital expenditure, homeland, key drivers and Challenges, market opportunities, procurement, entry route, announcements, alliances, contract awards, financial analysis, business environment, Lockheed Martin Corp., Raytheon, Damen Schelde Naval Shipbuilding
Companies
Lockheed Martin Corp.
Raytheon
Damen Schelde Naval Shipbuilding
Table of Contents
Table of Contents
Table of Contents
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About Strategic Defence Intelligence
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary threat perception
3.1.2. Military Doctrine and Strategy
3.1.3. Equipment of Moroccan Military
3.1.4. Procurement Programs
3.1.5. Social, Political and Economic Environment and Support for Defense Projects
3.1.6. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Moroccan Defense Budget is Expected to Register a CAGR of 4.24% over the Forecast Period
3.2.2. Counter-terrorism, Border Security, and the Need to Modernize Outdated Defense Equipment Are Expected to Drive Morocco's Defense Expenditure
3.2.3. Defense expenditure as a percentage of GDP is expected to average 3% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital Expenditure Share Expected to Increase Marginally over the Forecast Period
3.3.2. Capital Expenditure Anticipated to Grow at a CAGR of 4.31% over the Forecast Period
3.3.3. Per Capita Defense Expenditure Expected to Increase During the Forecast Period
3.4. Homeland Security Market Size and Forecast
3.4.1. Moroccan Homeland Security Expenditure Anticipated to Increase at a CAGR of 7.87%
3.4.2. Human Trafficking, Drug Smuggling and Cybercrime Are the Major Targets of Homeland Security Expenditure
3.5. Benchmarking with Key Global Markets
3.5.1. Morocco is the Fourth Largest Defense Spender in the North African Region
3.5.2. Morocco's Military Expenditure is Low when Compared to the Largest Defense Spenders but on Par with Other African Countries
3.5.3. Morocco Allocates a Moderate Percentage of its GDP to Defense
3.6. Market Opportunities: Key Trends
3.6.1. Top 10 Defense Market Sectors by Value (USD Million), 2019-2024
3.6.2. Critical Infrastructure Protection-Physical Security
3.6.3. Naval Vessel MRO-Corvettes
3.6.4. Land-Based C4ISR
4. Defense Procurement Market Dynamics
4.1.1. Import Market Dynamics
4.1.2. Defense Imports to be Driven by Modernization Initiatives over the Forecast Period
4.1.3. Morocco Imports the Majority of its Arms from Europe
4.1.4. Armored Vehicles Accounted for the Majority of Defense Imports during 2013-2017
4.2. Export Market Dynamics
4.2.1. Morocco Does not Export Arms due to its Under-Developed Domestic Arms Industry
5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining Power of the Supplier: Medium to High
5.1.2. Bargaining power of the buyer: low to medium
5.1.3. Barrier to entry: medium to high
5.1.4. Intensity of rivalry: medium
5.1.5. Threat of substitution: medium
6. Market Entry Strategy
6.1. Market Regulation
6.1.1. Morocco does not disclose any offset obligations imposed by the country
6.1.2. Foreign direct investment (FDI) is determined on a case-by-case basis
6.2. Market Entry Route
6.2.1. Budgeting Process
6.2.2. Procurement Policy and Process
6.2.3. Government-to-government agreements are the preferred market entry route for foreign OEMs
6.2.4. Joint venture and license manufacturing agreements provide an attractive market entry route
6.2.5. Key Challenges
7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.1.1. Morocco Market Share Analysis, 2018-2023
7.2. Key Foreign Companies
7.2.1. Lockheed Martin Corp.: Overview
7.2.2. Lockheed Martin Corp.: Products and Services
7.2.3. Lockheed Martin Corp.: Recent Announcements and Strategic Initiatives
7.2.4. Lockheed Martin Corp.: Recent Contract Wins
7.2.5. Raytheon: Overview
7.2.6. Raytheon: Products and Services
7.2.7. Raytheon: Recent Announcements and Strategic Initiatives
7.2.8. Raytheon: Recent Contract Wins
7.2.9. Damen Schelde Naval Shipbuilding: Overview
7.2.10. Damen Schelde Naval Shipbuilding: Products and Services
7.2.11. Damen Schelde Naval Shipbuilding: Recent Announcements and Strategic Initiatives
7.2.12. Damen Schelde Naval Shipbuilding: Recent Contract Wins
8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP Per Capita
8.1.2. GDP, Current Prices
8.1.3. Exports of Goods and Services (Current LCU Billion)
8.1.4. Imports of Goods and Services (Current LCU Billion)
8.1.5. Gross National Disposable Income (USD Billion)
8.1.6. Local Currency Unit per US Dollar
8.1.7. Market Capitalization of Listed Companies (USD Billion)
8.1.8. Market Capitalization of Listed Companies (% of GDP)
8.1.9. Government Cash Surplus/Deficit as a Percentage of GDP (LCU)
8.1.10. Goods Exports as a Percentage of GDP
8.1.11. Goods Imports as a Percentage of GDP
8.1.12. Services Imports as a Percentage of GDP
8.1.13. Service Exports as a Percentage of GDP
8.1.14. Foreign Direct Investment, Net (BoP, Current USD Billion)
8.1.15. Net Foreign Direct Investment as Percentage of GDP
8.1.16. Mining, Manufacturing, Utilities Output LCU Billion
9. Appendix
9.1. About GlobalData
9.2. Disclaimer
List of Figure
List of Figures
Figure 1: Moroccan Defense Imports/Exports, 2013 and 2017
Figure 2: Moroccan Defense Imports/Exports, 2013 and 2017
Figure 3: Morocco's Top Five Prospective Procurements/Developments
Figure 4: Moroccan National Security Threats
Figure 5: Morocco's Partnering Countries for Defense Cooperation and Military Training
Figure 6: Moroccan Defense Expenditure (MAD billion), 2015-2024
Figure 7: Moroccan Defense Expenditure (USD billion), 2015-2024
Figure 8: Moroccan GDP Growth vs Defense Expenditure as Percentage of GDP Growth, 2015-2024
Figure 9: Moroccan Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 10: Moroccan Capital Budget Allocation (MAD Billion), 2015-2024
Figure 11: Moroccan Capital Budget Allocation (USD Billion), 2015-2024
Figure 12: Moroccan Per Capita Defense Expenditure (USD ), 2015-2024
Figure 13: Moroccan Homeland Security Expenditure (MAD Billion), 2015-2024
Figure 14: Moroccan Homeland Security Budget (USD Billion), 2015-2024
Figure 15: Benchmarking with Key Markets, 2015-2019 vs 2020-2024
Figure 16: Defense Expenditure of World's Largest Military Spenders (USD Billion), 2019 and 2024
Figure 17: Defense Expenditure as Percentage of GDP of Largest Military Spenders (%), 2019
Figure 18: Physical Security Market Size (USD Million), 2019-2024
Figure 19: Corvettes Market Size (USD Million), 2019-2024
Figure 20: Land-Based C4ISR Market Size (USD Million), 2019-2024
Figure 21: Morocco's Top Defense Procurements in Terms of Their Supplier Relationships
Figure 22: Moroccan Defense Import Trend (USD million), 2013-2017 (TIV values)
Figure 23: Moroccan Defense Imports by Country (%), 2013-2017
Figure 24: Moroccan Defense Imports by Category (%), 2013-2017
Figure 25: Industry Dynamics Porter's Five Forces Analysis
Figure 26: Key Challenges in Moroccan Defense Market
Figure 27: Moroccan Market Share Analysis, 2019-2024
Figure 28: Moroccan GDP Per Capita at Constant Prices (USD ), 2015-2025
Figure 29: Moroccan GDP, Current Prices (USD Billion), 2015-2025
Figure 30: Moroccan Exports of Goods and Services (Current LCU Billion), 2005-2014
Figure 31: Moroccan Imports of Goods and Services (Current LCU Billion), 2005-2014
Figure 32: Moroccan Gross National Disposable Income (USD Billion), 2007-2014
Figure 33: Local Currency per USD, 2015-2024
Figure 34: Moroccan Market Capitalization of Listed Companies (USD Billion), 2005-2012
Figure 35: Moroccan Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 36: Moroccan Government Cash Surplus/Deficit as Percentage of GDP (LCU), 2005-2012
Figure 37: Moroccan Goods Exports as Percentage of GDP, 2005-2013
Figure 38: Moroccan Goods Imports as Percentage of GDP, 2005-2013
Figure 39: Moroccan Services Imports as Percentage of GDP, 2005-2013
Figure 40: Moroccan Service Exports as Percentage of GDP, 2005-2013
Figure 41: Moroccan Foreign Direct Investment, Net (BoP, Current USD Billion), 2005-2013
Figure 42: Moroccan Net Foreign Direct Investment as Percentage of GDP, 2005-2013
Figure 43: Moroccan Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014
List of Table
List of Tables
Table 1: Moroccan Army Strength
Table 2: Morocco Navy Strength
Table 3: Moroccan Air Force Strength
Table 4: Moroccan Ongoing Procurement Programs
Table 5: Moroccan Future Procurement Programs
Table 6: Morocco's Top Defense Procurement Programs by Value (USD Million), 2019-2024
Table 7: Moroccan Defense Cooperation
Table 8: Moroccan Military Training Exercises
Table 9: Moroccan Defense Expenditure (MAD Billion and USD Billion), 2015-2024
Table 10: Moroccan GDP Growth vs Defense Expenditure as a Percentage of GDP, 2015-2024
Table 11: Moroccan Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 12: Moroccan Defense Capital Expenditure (MAD Billion and USD Billion), 2015-2024
Table 13: Moroccan Per Capita Defense Expenditure (USD ), 2015-2024
Table 14: Moroccan Homeland Security Expenditure (MAD Billion and USD Billion), 2015-2024
Table 15: Benchmarking with Key Markets, 2015-2019 vs 2020-2024
Table 16: Top 10 Morocco Defense Market Sectors by Value (USD Million), 2019-2024
Table 17: Moroccan Budget Formation Timetable
Table 18: Competitive Landscape of the Morocco Defense Industry
Table 19: Top Defense Suppliers in Morocco Defense Industry by Value (USD Million) 2019-2024
Table 20: Lockheed Martin Corp.-Product Focus
Table 21: Lockheed Martin Corp.-Contracts
Table 22: Raytheon-Product Focus
Table 23: Raytheon-Contracts
Table 24: Damen Schelde Naval Shipbuilding-Product Focus
Table 25: Damen Schelde Naval Shipbuilding-Contracts
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