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Future of the UAE Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

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Future of the UAE Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2023

Summary

"Future of the UAE Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2023", 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 UAE 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 UAE defense industry market size and drivers: detailed analysis of the UAE defense industry during 2019-2023, 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 UAE defense industry.

Scope

- UAE defense expenditure stands at USD 10.7 billion in 2018, and registered a compound annual growth rate (CAGR) of -5.94% during the historic period.

- The country's strained relationship with Greece, persistent threats from the Kurdish Workers Party (PKK), active participation in peacekeeping missions, and the reduction in foreign dependency for military equipment procurement, drove defense expenditure during the historic period.

- With this trend expected to continue, expenditure is anticipated to register a CAGR of 8.36% over the forecast period to value USD 15.8 billion in 2023.

- As a percentage of GDP, the country's defense expenditure will average 1.36% over the forecast period, which is marginally declining compared to an average of 1.44% recorded during the historic period.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the UAE 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 UAE defense industry covering sections including demand drivers, Key Trends , and latest industry contracts.

READ MORE

Table Of Content

Scope

Table of Contents

1. Introduction 9

1.1. What is this Report About? 9

1.2. Definitions 9

1.3. Summary Methodology 11

1.4. About GlobalData 12

2. Executive Summary 13

3. Market Attractiveness and Emerging Opportunities 15

3.1. Current Market Scenario 16

3.1.1. Primary Threat Perception 16

3.1.2. Military Doctrine and Strategy 17

3.1.3. Military Fleet Size 19

3.1.4. Procurement Programs 23

3.1.5. Social, Political and Economic Environment and Support for Defense Projects 27

3.1.6. Political and Strategic Alliances 28

3.2. Defense Market Size Historical and Forecast 30

3.2.1. UAE defense budget to record a CAGR of 6.47% over the forecast period 30

3.2.2. Military modernization initiatives, territorial dispute with Iran, and peace keeping missions to drive defense expenditure 33

3.2.3. The defense budget as a percentage of GDP is expected to increase over the forecast period 35

3.3. Analysis of Defense Budget Allocation 37

3.3.1. Procurement of advanced equipment to drive capital expenditure allocation over the forecast period 37

3.3.2. Capital expenditure is expected to grow at a CAGR of 7.39% over the forecast period 39

3.3.3. Per capita defense expenditure expected to increase over the forecast period 41

3.4. Homeland Security Market Size and Forecast 43

3.4.1. The UAE's homeland security budget is expected to increase at a CAGR of 4.66% over the forecast period 43

3.4.2. Investment in the protection of infrastructure and cyber security are expected to drive the UAE homeland security market 45

3.4.3. The UAE falls under the some risk category on the Terrorism Index 46

3.4.4. The UAE faces some risk by acts of terrorism 47

3.4.5. The UAE has a terrorism index score of 0.2 49

3.5. Benchmarking with Key Global Markets 50

3.5.1. The UAE's defense budget is expected to register rapid growth over 2019-2023 50

3.5.2. The UAE's defense expenditure is relatively small when compared to the leading defense spenders 52

3.5.3. The UAE spent over 6.1% of its GDP on defense in 2018 53

3.6. Market Opportunities: Key Trends and Drivers 54

3.6.1. Top 10 Defense Sectors by Value (USD Million)-Projections over 2018-2023 54

3.6.2. Critical Infrastructure Protection-Physical Security 55

3.6.3. Land-Based C4ISR 56

3.6.4. Multirole Aircraft 57

4. Defense Procurement Market Dynamics 58

4.1. Import Market Dynamics 59

4.1.1. Limitations within the domestic defense industry to encourage arms imports 59

4.1.2. The UAE was the world's fourth-largest arms importer over the historic period 60

4.1.3. The US continues to be the major arms supplier to the UAE 61

4.1.4. Missiles and ships dominate UAE defense imports 62

4.2. Export Market Dynamics 63

4.2.1. The UAE has minimal defense exports 63

5. Industry Dynamics 66

5.1. Five Forces Analysis 66

5.1.1. Bargaining Power of Supplier: Low to Medium 67

5.1.2. Bargaining Power of Buyer: Medium to High 67

5.1.3. Barrier to Entry: Medium to High 67

5.1.4. Intensity of Rivalry: High 68

5.1.5. Threat of Substitution: Low to Medium 68

6. Market Entry Strategy 69

6.1. Market Regulation 69

6.1.1. Defense deals are settled through direct negotiation or competitive bidding 69

6.1.2. Foreign OEMs prefer indirect offsets to meet the obligations associated with defense deals 69

6.2. Market Entry Route 71

6.2.1. Budget Process 71

6.2.2. Procurement Policy and Process 72

6.2.3. Foreign OEMs use proxy representatives to enter the market 72

6.2.4. Defense exhibitions hosted by the UAE serve as an entry route for foreign OEMs 73

6.2.5. Joint ventures and collaborations offer alternative means of entering the market 73

6.3. Key Challenges 74

6.3.1. Complying with the UAE's stringent offset requirements a concern for OEMs 74

6.3.2. The UAE demands technology transfers in its defense deals 74

7. Competitive Landscape and Strategic Insights 75

7.1. Competitive Landscape Overview 75

7.2. Key Domestic Public Sector Companies 78

7.2.1. Abu Dhabi Ship Building: Overview 78

7.2.2. Abu Dhabi Ship Building: Products and Services 78

7.2.3. Abu Dhabi Ship Building (ADSB): Recent Announcements and Strategic Initiatives 78

7.2.4. Abu Dhabi Ship Building: Alliances 79

7.2.5. Abu Dhabi Ship Building: Recent Contract Wins 80

7.2.6. Abu Dhabi Ship Building: Financial Analysis 81

7.2.7. Gulf Logistics and Naval Support: Overview 83

7.2.8. Gulf Logistics and Naval Support: Services 83

7.2.9. Abu Dhabi Systems Integration: Overview 85

7.2.10. Abu Dhabi Systems Integration: Products and Services 85

7.2.11. Abu Dhabi Systems Integration: Recent Announcements and Strategic Initiatives 85

7.2.12. Abu Dhabi Systems Integration: Alliances 85

7.3. Key Foreign Companies 87

7.3.1. Lockheed Martin: Overview 87

7.3.2. Lockheed Martin: Products 87

7.3.3. Lockheed Martin: Recent Announcements and Strategic Initiatives 87

7.3.4. Lockheed Martin: Alliances 89

7.3.5. Lockheed Martin: Recent Contract Wins 90

7.3.6. Lockheed Martin: Financial Analysis 92

7.3.7. BAE Systems Plc.: Overview 94

7.3.8. BAE Systems Plc.: Products 94

7.3.9. BAE Systems Plc.: Recent Announcements and Strategic Initiatives 95

7.3.10. BAE Systems Plc.: Alliances 96

7.3.11. BAE Systems Plc.-recent contract wins 97

7.3.12. BAE Systems: Financial Analysis 99

7.3.13. Raytheon: Overview 101

7.3.14. Raytheon: Products 101

7.3.15. Raytheon: Recent Announcements and Strategic Initiatives 101

7.3.16. Raytheon: Alliances 105

7.3.17. Raytheon: Recent Contract Wins 106

7.3.18. Raytheon: Financial Analysis 108

7.3.19. Rolls-Royce Plc.: Overview 110

7.3.20. Rolls-Royce Plc.: Products 110

7.3.21. Rolls-Royce Plc.: Recent Announcements and Strategic Initiatives 110

7.3.22. Rolls-Royce Plc.: Alliances 111

7.3.23. Rolls-Royce Plc.: Recent Contract Wins 112

7.3.24. Rolls-Royce Plc.: Financial Analysis 113

7.3.25. Northrop Grumman Corporation: Overview 115

7.3.26. Northrop Grumman Corporation: Products 115

7.3.27. Northrop Grumman Corporation: Recent Announcements and Strategic initiatives 115

7.3.28. Northrop Grumman Corporation: Alliances 117

7.3.29. Northrop Grumman Corp.: Recent Contract Wins 119

7.3.30. Northrop Grumman: Financial Analysis 121

7.3.31. Thales: Overview 123

7.3.32. Thales: Products 123

7.3.33. Thales: Recent Announcements and Strategic Initiatives 123

7.3.34. Thales: Alliances 124

7.3.35. Thales: Recent Contract Wins 125

7.3.36. Thales: Financial Analysis 126

7.3.37. The Boeing Company: Overview 128

7.3.38. The Boeing Company: Products 128

7.3.39. The Boeing Company: Recent Announcements and Strategic Initiatives 128

7.3.40. The Boeing Company: Alliances 130

7.3.41. The Boeing Company: Recent Contract Wins 130

7.3.42. The Boeing Company: Financial Analysis 132

8. Business Environment and Country Risk 134

8.1. Economic Performance 134

8.1.1. GDP per Capita 134

8.1.2. Gross Domestic Product 135

8.1.3. Exports of Goods and Services (LCU Billion) 136

8.1.4. Imports of Goods and Services (LCU Billion) 137

8.1.5. LCU per USD (Period Average) 138

8.1.6. Market Capitalization of Listed Companies 139

8.1.7. Market Capitalization of Listed Companies as a Percentage GDP 140

8.1.8. Foreign Direct Investment, net (BoP, Current USD Billion) 141

8.1.9. Net Foreign Direct Investment as a Percentage of GDP 142

8.1.10. Mining, Manufacturing, Utilities Output (LCU Billion) 143

9. Appendix 144

9.1. About GlobalData 144

9.2. Disclaimer 144


List Of Figure

List of Figures

Figure 1: UAE Defense Expenditure (in AED Billion), 2014-2023 31

Figure 2: UAE Defense Expenditure (USD Billion), 2014-2023 32

Figure 3: UAE GDP Growth vs Defense Expenditure Growth and Defense Expenditure as a Percentage of GDP (%), 2014-2023 36

Figure 4: UAE Defense Expenditure Split Between Capital and Revenue Expenditure (%), 2014-2023 38

Figure 5: UAE Defense Capital Expenditure (AED Billion), 2014-2023 40

Figure 6: UAE Defense Capital Expenditure (USD Billion), 2014-2023 40

Figure 7: UAE Per Capita Expenditure (USD ), 2014-2023 42

Figure 8: UAE Homeland Security Expenditure (AED Billion), 2014-2023 44

Figure 9: UAE Homeland Security Expenditure (USD Billion), 2014-2023 44

Figure 10: Terrorism Heat Map, 2018 46

Figure 11: Terrorism Index, 2018 49

Figure 12: Benchmarking with Key Markets, 2014-2018 vs 2019-2023 51

Figure 13: Defense Expenditure of the World's Largest Military Spenders (USD Billion), 2018 and 2023 52

Figure 14: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018 53

Figure 15: Physical Security Market Size (USD Million), 2018-2023 55

Figure 16: Land Based C4ISR Market Size (USD Million), 2018-2023 56

Figure 17: Multirole Aircraft (USD Million), 2018-2023 57

Figure 18: The UAE's Top Defense Procurements in Terms of Their Supplier Relationships 58

Figure 19: UAE Defense Imports (USD million), 2013-2017 60

Figure 20: UAE Defense Imports by Country (%), 2013-2017 61

Figure 21: UAE Defense Imports by Category (%), 2013-2017 62

Figure 22: UAE Defense Exports (USD million), 2013-2017 63

Figure 23: UAE Defense Exports by Country (%), 2013-2017 64

Figure 24: UAE Defense Exports by Category (%), 2013-2017 65

Figure 25: Industry Dynamics Porter's Five Forces Analysis 66

Figure 26: Abu Dhabi Ship Building-Revenue Trend Analysis (AED Million), 2013-2017 81

Figure 27: Abu Dhabi Ship Building-Operating Profit Trend Analysis (AED Million), 2012-2016 81

Figure 28: Abu Dhabi Ship Building-Net Profit Trend Analysis (AED Million), 2013-2017 82

Figure 29: Lockheed Martin-Revenue Trend Analysis (USD Billion), 2013-2017 92

Figure 30: Lockheed Martin-Operating Profit Trend Analysis (USD Billion), 2013-2017 93

Figure 31: Lockheed Martin-Net Profit Trend Analysis (USD Billion), 2013-2017 93

Figure 32: BAE Systems-Revenue Trend Analysis (GBP Billion), 2013-2017 99

Figure 33: BAE Systems-Operating Profit Trend Analysis (GBP Billion), 2013-2017 100

Figure 34: BAE Systems-Net Profit Trend Analysis (GBP Billion), 2013-2017 100

Figure 35: Raytheon-Revenue Trend Analysis (USD Billion), 2013-2017 108

Figure 36: Raytheon-Operating Profit Trend Analysis (USD Billion), 2013-2017 109

Figure 37: Raytheon-Net Profit Trend Analysis (USD Billion), 2013-2017 109

Figure 38: Rolls-Royce Plc.-Revenue Trend Analysis (GBP Billion), 2013-2017 113

Figure 39: Rolls-Royce Plc.-Operating Profit Trend Analysis (GBP Million), 2013-2017 114

Figure 40: Rolls-Royce Plc.-Net Profit Trend Analysis (GBP Million), 2013-2017 114

Figure 41: Northrop Grumman-Revenue Trend Analysis (USD Billion), 2013-2017 121

Figure 42: Northrop Grumman-Operating Profit Trend Analysis (USD Billion), 2013-2017 121

Figure 43: Northrop Grumman-Net Profit Trend Analysis (USD Billion), 2013-2017 122

Figure 44: Thales-Revenue Trend Analysis (EUR Billion), 2013-2017 126

Figure 45: Thales-Operating Profit Trend Analysis (EUR Million), 2013-2017 126

Figure 46: Thales-Net Profit Trend Analysis (EUR Million), 2013-2017 127

Figure 47: Boeing-Revenue Trend Analysis (USD Billion), 2013-2017 132

Figure 48: Boeing-Operating Profit Trend Analysis (USD Billion), 2013-2017 132

Figure 49: Boeing-Net Profit Trend Analysis (USD Billion), 2013-2017 133

Figure 50: UAE GDP Per Capita (USD ), 2015-2025 134

Figure 51: UAE GDP at Current Prices (USD Billion), 2015-2025 135

Figure 52: UAE Exports of Goods and Services (LCU Billion), 2005-2014 136

Figure 53: UAE Imports of Goods and Services (LCU Billion), 2005-2014 137

Figure 54: LCU per USD (USD ), 2015-2024 138

Figure 55: UAE Market Capitalization of Listed Companies (USD Billion), 2005-2012 139

Figure 56: UAE Market Capitalization of Listed Companies (% of GDP), 2005-2012 140

Figure 57: UAE Net Foreign Direct Investment (BoP, Current USD Billion) 2005-2014 141

Figure 58: UAE Net Foreign Direct Investment as a Percentage of GDP, 2005-2014 142

Figure 59: UAE Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014 143


List Of Table

List of Tables

Table 1: UAE Army Strength 19

Table 2: UAE Air Force Strength 21

Table 3: UAE Navy Strength 22

Table 4: UAE-Ongoing Development and Procurement Programs 23

Table 5: UAE-Future Procurement Programs 25

Table 6: The UAE Top Defense Procurement Programs by Value (USD Million), 2018-2023 26

Table 7: UAE Defense Expenditure (AED Billion & USD Billion), 2014-2023 31

Table 8: UAE GDP Growth and Defense Expenditure as a Percentage of GDP Growth (%), 2014-2023 35

Table 9: UAE Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023 37

Table 10: UAE Defense Capital Expenditure (AED Billion & USD Billion), 2014-2023 39

Table 11: UAE Per Capita Expenditure (USD ), 2014-2023 41

Table 12: UAE Defense Expenditure for Homeland Security (AED Billion & USD Billion), 2014-2023 43

Table 13: Terrorism Index, 2017 47

Table 14: Benchmarking with Key Markets, 2014-2018 vs 2019-2023 50

Table 15: Top Israeli Defense Sectors by Value (USD Million), 2018-2023 54

Table 16: UAE-Offset Guidelines and Agreements 70

Table 17: UAE Budget Formation Timetable 71

Table 18: Competitive Landscape of the UAE Defense Industry 75

Table 19: Top Defense Suppliers in the UAE Defense Industry By Value (USD Million) 2018-2023 77

Table 20: Abu Dhabi Ship Building-Products and Services 78

Table 21: Abu Dhabi Ship Building-Alliances 79

Table 22: Abu Dhabi Ship Building-Recent Contract Wins 80

Table 23: Gulf Logistics and Naval Support-Services 83

Table 24: Abu Dhabi Systems Integration-Products and Services 85

Table 25: Abu Dhabi Systems Integration-Alliances 86

Table 26: Lockheed Martin-Products 87

Table 27: Lockheed Martin-Alliances 89

Table 28: Lockheed Martin-Recent Contract Wins 90

Table 29: BAE Systems Plc.-Major Products 94

Table 30: BAE Systems Plc.-Alliances 96

Table 31: BAE Systems Plc.-recent contract wins 97

Table 32: Raytheon-Products 101

Table 33: Raytheon-Alliances 105

Table 34: Raytheon Company-Recent Contract Wins 106

Table 35: Rolls-Royce Plc.-Products 110

Table 36: Rolls-Royce Plc.-Alliances 111

Table 37: Rolls-Royce Plc.-Recent Contract Wins 112

Table 38: Northrop Grumman-Products 115

Table 39: Northrop Grumman Corporation-Alliances 117

Table 40: Northrop Grumman Corp.-Recent Contract Wins 119

Table 41: Thales-Products 123

Table 42: Thales-Alliances 124

Table 43: Thales-Recent Contract Wins 125

Table 44: The Boeing Company-Products 128

Table 45: The Boeing Company-Alliances 130

Table 46: The Boeing Company-Recent Contract Wins 130

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Products and Companies

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,Abu Dhabi Ship Building, Gulf Logistics and Naval Support, Abu Dhabi Systems Integration, Lockheed Martin, BAE Systems Plc., Raytheon, Rolls-Royce Plc., Northrop Grumman Corporation, Thales, The Boeing Company


Companies

Abu Dhabi Ship Building

Gulf Logistics and Naval Support

Abu Dhabi Systems Integration

Lockheed Martin

BAE Systems Plc.

Raytheon

Rolls-Royce Plc.

Northrop Grumman Corporation

Thales

The Boeing Company

Future of the UAE Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2023

Summary

"Future of the UAE Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2023", 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 UAE 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 UAE defense industry market size and drivers: detailed analysis of the UAE defense industry during 2019-2023, 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 UAE defense industry.

Scope

- UAE defense expenditure stands at USD 10.7 billion in 2018, and registered a compound annual growth rate (CAGR) of -5.94% during the historic period.

- The country's strained relationship with Greece, persistent threats from the Kurdish Workers Party (PKK), active participation in peacekeeping missions, and the reduction in foreign dependency for military equipment procurement, drove defense expenditure during the historic period.

- With this trend expected to continue, expenditure is anticipated to register a CAGR of 8.36% over the forecast period to value USD 15.8 billion in 2023.

- As a percentage of GDP, the country's defense expenditure will average 1.36% over the forecast period, which is marginally declining compared to an average of 1.44% recorded during the historic period.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the UAE 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 UAE defense industry covering sections including demand drivers, Key Trends , and latest industry contracts.

READ MORE

Scope

Table of Contents

1. Introduction 9

1.1. What is this Report About? 9

1.2. Definitions 9

1.3. Summary Methodology 11

1.4. About GlobalData 12

2. Executive Summary 13

3. Market Attractiveness and Emerging Opportunities 15

3.1. Current Market Scenario 16

3.1.1. Primary Threat Perception 16

3.1.2. Military Doctrine and Strategy 17

3.1.3. Military Fleet Size 19

3.1.4. Procurement Programs 23

3.1.5. Social, Political and Economic Environment and Support for Defense Projects 27

3.1.6. Political and Strategic Alliances 28

3.2. Defense Market Size Historical and Forecast 30

3.2.1. UAE defense budget to record a CAGR of 6.47% over the forecast period 30

3.2.2. Military modernization initiatives, territorial dispute with Iran, and peace keeping missions to drive defense expenditure 33

3.2.3. The defense budget as a percentage of GDP is expected to increase over the forecast period 35

3.3. Analysis of Defense Budget Allocation 37

3.3.1. Procurement of advanced equipment to drive capital expenditure allocation over the forecast period 37

3.3.2. Capital expenditure is expected to grow at a CAGR of 7.39% over the forecast period 39

3.3.3. Per capita defense expenditure expected to increase over the forecast period 41

3.4. Homeland Security Market Size and Forecast 43

3.4.1. The UAE's homeland security budget is expected to increase at a CAGR of 4.66% over the forecast period 43

3.4.2. Investment in the protection of infrastructure and cyber security are expected to drive the UAE homeland security market 45

3.4.3. The UAE falls under the some risk category on the Terrorism Index 46

3.4.4. The UAE faces some risk by acts of terrorism 47

3.4.5. The UAE has a terrorism index score of 0.2 49

3.5. Benchmarking with Key Global Markets 50

3.5.1. The UAE's defense budget is expected to register rapid growth over 2019-2023 50

3.5.2. The UAE's defense expenditure is relatively small when compared to the leading defense spenders 52

3.5.3. The UAE spent over 6.1% of its GDP on defense in 2018 53

3.6. Market Opportunities: Key Trends and Drivers 54

3.6.1. Top 10 Defense Sectors by Value (USD Million)-Projections over 2018-2023 54

3.6.2. Critical Infrastructure Protection-Physical Security 55

3.6.3. Land-Based C4ISR 56

3.6.4. Multirole Aircraft 57

4. Defense Procurement Market Dynamics 58

4.1. Import Market Dynamics 59

4.1.1. Limitations within the domestic defense industry to encourage arms imports 59

4.1.2. The UAE was the world's fourth-largest arms importer over the historic period 60

4.1.3. The US continues to be the major arms supplier to the UAE 61

4.1.4. Missiles and ships dominate UAE defense imports 62

4.2. Export Market Dynamics 63

4.2.1. The UAE has minimal defense exports 63

5. Industry Dynamics 66

5.1. Five Forces Analysis 66

5.1.1. Bargaining Power of Supplier: Low to Medium 67

5.1.2. Bargaining Power of Buyer: Medium to High 67

5.1.3. Barrier to Entry: Medium to High 67

5.1.4. Intensity of Rivalry: High 68

5.1.5. Threat of Substitution: Low to Medium 68

6. Market Entry Strategy 69

6.1. Market Regulation 69

6.1.1. Defense deals are settled through direct negotiation or competitive bidding 69

6.1.2. Foreign OEMs prefer indirect offsets to meet the obligations associated with defense deals 69

6.2. Market Entry Route 71

6.2.1. Budget Process 71

6.2.2. Procurement Policy and Process 72

6.2.3. Foreign OEMs use proxy representatives to enter the market 72

6.2.4. Defense exhibitions hosted by the UAE serve as an entry route for foreign OEMs 73

6.2.5. Joint ventures and collaborations offer alternative means of entering the market 73

6.3. Key Challenges 74

6.3.1. Complying with the UAE's stringent offset requirements a concern for OEMs 74

6.3.2. The UAE demands technology transfers in its defense deals 74

7. Competitive Landscape and Strategic Insights 75

7.1. Competitive Landscape Overview 75

7.2. Key Domestic Public Sector Companies 78

7.2.1. Abu Dhabi Ship Building: Overview 78

7.2.2. Abu Dhabi Ship Building: Products and Services 78

7.2.3. Abu Dhabi Ship Building (ADSB): Recent Announcements and Strategic Initiatives 78

7.2.4. Abu Dhabi Ship Building: Alliances 79

7.2.5. Abu Dhabi Ship Building: Recent Contract Wins 80

7.2.6. Abu Dhabi Ship Building: Financial Analysis 81

7.2.7. Gulf Logistics and Naval Support: Overview 83

7.2.8. Gulf Logistics and Naval Support: Services 83

7.2.9. Abu Dhabi Systems Integration: Overview 85

7.2.10. Abu Dhabi Systems Integration: Products and Services 85

7.2.11. Abu Dhabi Systems Integration: Recent Announcements and Strategic Initiatives 85

7.2.12. Abu Dhabi Systems Integration: Alliances 85

7.3. Key Foreign Companies 87

7.3.1. Lockheed Martin: Overview 87

7.3.2. Lockheed Martin: Products 87

7.3.3. Lockheed Martin: Recent Announcements and Strategic Initiatives 87

7.3.4. Lockheed Martin: Alliances 89

7.3.5. Lockheed Martin: Recent Contract Wins 90

7.3.6. Lockheed Martin: Financial Analysis 92

7.3.7. BAE Systems Plc.: Overview 94

7.3.8. BAE Systems Plc.: Products 94

7.3.9. BAE Systems Plc.: Recent Announcements and Strategic Initiatives 95

7.3.10. BAE Systems Plc.: Alliances 96

7.3.11. BAE Systems Plc.-recent contract wins 97

7.3.12. BAE Systems: Financial Analysis 99

7.3.13. Raytheon: Overview 101

7.3.14. Raytheon: Products 101

7.3.15. Raytheon: Recent Announcements and Strategic Initiatives 101

7.3.16. Raytheon: Alliances 105

7.3.17. Raytheon: Recent Contract Wins 106

7.3.18. Raytheon: Financial Analysis 108

7.3.19. Rolls-Royce Plc.: Overview 110

7.3.20. Rolls-Royce Plc.: Products 110

7.3.21. Rolls-Royce Plc.: Recent Announcements and Strategic Initiatives 110

7.3.22. Rolls-Royce Plc.: Alliances 111

7.3.23. Rolls-Royce Plc.: Recent Contract Wins 112

7.3.24. Rolls-Royce Plc.: Financial Analysis 113

7.3.25. Northrop Grumman Corporation: Overview 115

7.3.26. Northrop Grumman Corporation: Products 115

7.3.27. Northrop Grumman Corporation: Recent Announcements and Strategic initiatives 115

7.3.28. Northrop Grumman Corporation: Alliances 117

7.3.29. Northrop Grumman Corp.: Recent Contract Wins 119

7.3.30. Northrop Grumman: Financial Analysis 121

7.3.31. Thales: Overview 123

7.3.32. Thales: Products 123

7.3.33. Thales: Recent Announcements and Strategic Initiatives 123

7.3.34. Thales: Alliances 124

7.3.35. Thales: Recent Contract Wins 125

7.3.36. Thales: Financial Analysis 126

7.3.37. The Boeing Company: Overview 128

7.3.38. The Boeing Company: Products 128

7.3.39. The Boeing Company: Recent Announcements and Strategic Initiatives 128

7.3.40. The Boeing Company: Alliances 130

7.3.41. The Boeing Company: Recent Contract Wins 130

7.3.42. The Boeing Company: Financial Analysis 132

8. Business Environment and Country Risk 134

8.1. Economic Performance 134

8.1.1. GDP per Capita 134

8.1.2. Gross Domestic Product 135

8.1.3. Exports of Goods and Services (LCU Billion) 136

8.1.4. Imports of Goods and Services (LCU Billion) 137

8.1.5. LCU per USD (Period Average) 138

8.1.6. Market Capitalization of Listed Companies 139

8.1.7. Market Capitalization of Listed Companies as a Percentage GDP 140

8.1.8. Foreign Direct Investment, net (BoP, Current USD Billion) 141

8.1.9. Net Foreign Direct Investment as a Percentage of GDP 142

8.1.10. Mining, Manufacturing, Utilities Output (LCU Billion) 143

9. Appendix 144

9.1. About GlobalData 144

9.2. Disclaimer 144


List Of Figure

List of Figures

Figure 1: UAE Defense Expenditure (in AED Billion), 2014-2023 31

Figure 2: UAE Defense Expenditure (USD Billion), 2014-2023 32

Figure 3: UAE GDP Growth vs Defense Expenditure Growth and Defense Expenditure as a Percentage of GDP (%), 2014-2023 36

Figure 4: UAE Defense Expenditure Split Between Capital and Revenue Expenditure (%), 2014-2023 38

Figure 5: UAE Defense Capital Expenditure (AED Billion), 2014-2023 40

Figure 6: UAE Defense Capital Expenditure (USD Billion), 2014-2023 40

Figure 7: UAE Per Capita Expenditure (USD ), 2014-2023 42

Figure 8: UAE Homeland Security Expenditure (AED Billion), 2014-2023 44

Figure 9: UAE Homeland Security Expenditure (USD Billion), 2014-2023 44

Figure 10: Terrorism Heat Map, 2018 46

Figure 11: Terrorism Index, 2018 49

Figure 12: Benchmarking with Key Markets, 2014-2018 vs 2019-2023 51

Figure 13: Defense Expenditure of the World's Largest Military Spenders (USD Billion), 2018 and 2023 52

Figure 14: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018 53

Figure 15: Physical Security Market Size (USD Million), 2018-2023 55

Figure 16: Land Based C4ISR Market Size (USD Million), 2018-2023 56

Figure 17: Multirole Aircraft (USD Million), 2018-2023 57

Figure 18: The UAE's Top Defense Procurements in Terms of Their Supplier Relationships 58

Figure 19: UAE Defense Imports (USD million), 2013-2017 60

Figure 20: UAE Defense Imports by Country (%), 2013-2017 61

Figure 21: UAE Defense Imports by Category (%), 2013-2017 62

Figure 22: UAE Defense Exports (USD million), 2013-2017 63

Figure 23: UAE Defense Exports by Country (%), 2013-2017 64

Figure 24: UAE Defense Exports by Category (%), 2013-2017 65

Figure 25: Industry Dynamics Porter's Five Forces Analysis 66

Figure 26: Abu Dhabi Ship Building-Revenue Trend Analysis (AED Million), 2013-2017 81

Figure 27: Abu Dhabi Ship Building-Operating Profit Trend Analysis (AED Million), 2012-2016 81

Figure 28: Abu Dhabi Ship Building-Net Profit Trend Analysis (AED Million), 2013-2017 82

Figure 29: Lockheed Martin-Revenue Trend Analysis (USD Billion), 2013-2017 92

Figure 30: Lockheed Martin-Operating Profit Trend Analysis (USD Billion), 2013-2017 93

Figure 31: Lockheed Martin-Net Profit Trend Analysis (USD Billion), 2013-2017 93

Figure 32: BAE Systems-Revenue Trend Analysis (GBP Billion), 2013-2017 99

Figure 33: BAE Systems-Operating Profit Trend Analysis (GBP Billion), 2013-2017 100

Figure 34: BAE Systems-Net Profit Trend Analysis (GBP Billion), 2013-2017 100

Figure 35: Raytheon-Revenue Trend Analysis (USD Billion), 2013-2017 108

Figure 36: Raytheon-Operating Profit Trend Analysis (USD Billion), 2013-2017 109

Figure 37: Raytheon-Net Profit Trend Analysis (USD Billion), 2013-2017 109

Figure 38: Rolls-Royce Plc.-Revenue Trend Analysis (GBP Billion), 2013-2017 113

Figure 39: Rolls-Royce Plc.-Operating Profit Trend Analysis (GBP Million), 2013-2017 114

Figure 40: Rolls-Royce Plc.-Net Profit Trend Analysis (GBP Million), 2013-2017 114

Figure 41: Northrop Grumman-Revenue Trend Analysis (USD Billion), 2013-2017 121

Figure 42: Northrop Grumman-Operating Profit Trend Analysis (USD Billion), 2013-2017 121

Figure 43: Northrop Grumman-Net Profit Trend Analysis (USD Billion), 2013-2017 122

Figure 44: Thales-Revenue Trend Analysis (EUR Billion), 2013-2017 126

Figure 45: Thales-Operating Profit Trend Analysis (EUR Million), 2013-2017 126

Figure 46: Thales-Net Profit Trend Analysis (EUR Million), 2013-2017 127

Figure 47: Boeing-Revenue Trend Analysis (USD Billion), 2013-2017 132

Figure 48: Boeing-Operating Profit Trend Analysis (USD Billion), 2013-2017 132

Figure 49: Boeing-Net Profit Trend Analysis (USD Billion), 2013-2017 133

Figure 50: UAE GDP Per Capita (USD ), 2015-2025 134

Figure 51: UAE GDP at Current Prices (USD Billion), 2015-2025 135

Figure 52: UAE Exports of Goods and Services (LCU Billion), 2005-2014 136

Figure 53: UAE Imports of Goods and Services (LCU Billion), 2005-2014 137

Figure 54: LCU per USD (USD ), 2015-2024 138

Figure 55: UAE Market Capitalization of Listed Companies (USD Billion), 2005-2012 139

Figure 56: UAE Market Capitalization of Listed Companies (% of GDP), 2005-2012 140

Figure 57: UAE Net Foreign Direct Investment (BoP, Current USD Billion) 2005-2014 141

Figure 58: UAE Net Foreign Direct Investment as a Percentage of GDP, 2005-2014 142

Figure 59: UAE Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014 143


List Of Table

List of Tables

Table 1: UAE Army Strength 19

Table 2: UAE Air Force Strength 21

Table 3: UAE Navy Strength 22

Table 4: UAE-Ongoing Development and Procurement Programs 23

Table 5: UAE-Future Procurement Programs 25

Table 6: The UAE Top Defense Procurement Programs by Value (USD Million), 2018-2023 26

Table 7: UAE Defense Expenditure (AED Billion & USD Billion), 2014-2023 31

Table 8: UAE GDP Growth and Defense Expenditure as a Percentage of GDP Growth (%), 2014-2023 35

Table 9: UAE Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023 37

Table 10: UAE Defense Capital Expenditure (AED Billion & USD Billion), 2014-2023 39

Table 11: UAE Per Capita Expenditure (USD ), 2014-2023 41

Table 12: UAE Defense Expenditure for Homeland Security (AED Billion & USD Billion), 2014-2023 43

Table 13: Terrorism Index, 2017 47

Table 14: Benchmarking with Key Markets, 2014-2018 vs 2019-2023 50

Table 15: Top Israeli Defense Sectors by Value (USD Million), 2018-2023 54

Table 16: UAE-Offset Guidelines and Agreements 70

Table 17: UAE Budget Formation Timetable 71

Table 18: Competitive Landscape of the UAE Defense Industry 75

Table 19: Top Defense Suppliers in the UAE Defense Industry By Value (USD Million) 2018-2023 77

Table 20: Abu Dhabi Ship Building-Products and Services 78

Table 21: Abu Dhabi Ship Building-Alliances 79

Table 22: Abu Dhabi Ship Building-Recent Contract Wins 80

Table 23: Gulf Logistics and Naval Support-Services 83

Table 24: Abu Dhabi Systems Integration-Products and Services 85

Table 25: Abu Dhabi Systems Integration-Alliances 86

Table 26: Lockheed Martin-Products 87

Table 27: Lockheed Martin-Alliances 89

Table 28: Lockheed Martin-Recent Contract Wins 90

Table 29: BAE Systems Plc.-Major Products 94

Table 30: BAE Systems Plc.-Alliances 96

Table 31: BAE Systems Plc.-recent contract wins 97

Table 32: Raytheon-Products 101

Table 33: Raytheon-Alliances 105

Table 34: Raytheon Company-Recent Contract Wins 106

Table 35: Rolls-Royce Plc.-Products 110

Table 36: Rolls-Royce Plc.-Alliances 111

Table 37: Rolls-Royce Plc.-Recent Contract Wins 112

Table 38: Northrop Grumman-Products 115

Table 39: Northrop Grumman Corporation-Alliances 117

Table 40: Northrop Grumman Corp.-Recent Contract Wins 119

Table 41: Thales-Products 123

Table 42: Thales-Alliances 124

Table 43: Thales-Recent Contract Wins 125

Table 44: The Boeing Company-Products 128

Table 45: The Boeing Company-Alliances 130

Table 46: The Boeing Company-Recent Contract Wins 130

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Defense, budget, offset, regulation, capital expenditure, homeland, key drivers and Challenges, market opportunities, procurement, entry route, announcements, alliances, contract awards, financial analysis, business environment,Abu Dhabi Ship Building, Gulf Logistics and Naval Support, Abu Dhabi Systems Integration, Lockheed Martin, BAE Systems Plc., Raytheon, Rolls-Royce Plc., Northrop Grumman Corporation, Thales, The Boeing Company


Companies

Abu Dhabi Ship Building

Gulf Logistics and Naval Support

Abu Dhabi Systems Integration

Lockheed Martin

BAE Systems Plc.

Raytheon

Rolls-Royce Plc.

Northrop Grumman Corporation

Thales

The Boeing Company