Kuwait Defense Industry Report 2023-2028 Featuring The Boeing Co, Eurofighter Jagdflugzeug, and Raytheon Missiles & Defense

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Dec 04, 2023, 18:15 ET

DUBLIN, Dec. 4, 2023 /PRNewswire/ -- The "Kuwait Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

In 2023, the Kuwaiti government allocated $6.1 billion to its total defense budget, recording a negative CAGR of 1.1% during 2019-23. The country's defense budget is expected to grow at a CAGR of 3.8% over the forecast period, reaching $8.1 billion in 2028.

The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

The acquisition budget for 2023 is $742.7 million and is expected to be $1.8 billion in 2028, growing at a CAGR 6.1% over the forecast period.

During the historic period (2019-23), Kuwait spent $32.1 billion, whereas over the forecast period (2024-28) it is expected to spend $38 billion. The acquisition budget allocated is expected to primarily increase due to the procurement of main battle tanks, military aircraft, and naval ships. Moreover, the protection of vital infrastructure and territorial disputes with Iraq are expected to drive the country's future defense expenditure.

Key Highlights

Drivers of Defense expenditure include Modernization programs, Territorial disputes
Major ongoing procurement program include procurement of Eurofighter Typhoon, National Advanced Surface-to-Air Missile System (NASAMS), Bayraktar TB2

Who Should Buy

Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Scope

Kuwait defense budget: detailed analysis of Kuwait 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
Regulation: the procurement policy and process is explained. This is coupled with an analysis of Kuwait military doctrine and strategy to provide a comprehensive overview of Kuwait military procurement regulation.
Security Environment: political alliances and perceived security threats to Kuwait are examined; there help to explain trends in spending and modernisation.
Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
Competitive landscape and strategic insights: analysis of the competitive landscape of Kuwait's defense industry.

Key Topics Covered:

Executive Summary
Defense Budget Assessment
Budgeting Process
Defense Market Size Historic And Forecast
Drivers Of Defense Expenditure
Analysis of Defense Expenditure Allocation
Analysis Of Defense Budget Allocation
Military Doctrine And Security Environment
Military Doctrine And Strategy
Strategic Alliances and Geopolitics
Political, Social and Economic Scenario
Market Entry Strategy And Regulations
Procurement Policy and Market Regulations
Market Entry Routes
Key Challenges
Major Deals and M&A
Market Attractiveness And Emerging Opportunities
Market Attractiveness By Defense Sector
Top Sectors in the Kuwait Defense Market
Top Defense Segments By Value
Defense Platform Acquisitions
Defense Platform Acquisitions By Value
Eurofighter Typhoon Tranche 3A
National Advanced Surface to Air Missile System (NASAMS)
Bayraktar TB2
Fleet Size
Competitive Landscape
Defense Companies Operating In Kuwait
Main Defense Companies
Appendix
About This Report
About Us
Contact the Publisher

A selection of companies mentioned in this report includes

The Boeing Co
Eurofighter Jagdflugzeug
Raytheon Missiles & Defense

For more information about this report visit https://www.researchandmarkets.com/r/bkr5bl

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