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

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 disputesMajor 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 yearsCompetitive landscape and strategic insights: analysis of the competitive landscape of Kuwait’s defense industry.

Key Topics Covered:

Executive SummaryDefense Budget AssessmentBudgeting ProcessDefense Market Size Historic And ForecastDrivers Of Defense ExpenditureAnalysis of Defense Expenditure AllocationAnalysis Of Defense Budget AllocationMilitary Doctrine And Security EnvironmentMilitary Doctrine And StrategyStrategic Alliances and GeopoliticsPolitical, Social and Economic ScenarioMarket Entry Strategy And RegulationsProcurement Policy and Market RegulationsMarket Entry RoutesKey ChallengesMajor Deals and M&AMarket Attractiveness And Emerging OpportunitiesMarket Attractiveness By Defense SectorTop Sectors in the Kuwait Defense MarketTop Defense Segments By ValueDefense Platform AcquisitionsDefense Platform Acquisitions By ValueEurofighter Typhoon Tranche 3ANational Advanced Surface to Air Missile System (NASAMS)Bayraktar TB2Fleet SizeCompetitive LandscapeDefense Companies Operating In KuwaitMain Defense CompaniesAppendixAbout This ReportAbout UsContact the Publisher

A selection of companies mentioned in this report includes

The Boeing CoEurofighter JagdflugzeugRaytheon Missiles & Defense

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

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