Summary
Jordan'sdefense budget increased marginally from US$1.70 billion in 2011 to US$1.71billion in 2015, registering a CAGR of 0.27%. The slow growth rate can beattributed to the country's struggling economy, high unemployment rates, lackof natural resources, and the burden of hosting a large refugee population.However, Jordan's recent attempts to upgrade its military equipment areexpected to drive its defense expenditure over the forecast period, which isprojected to rise from US$1.8 billion in 2015 to US$1.9 billion by 2020, at aCAGR of 2.05%. The country is estimated to maintain the budget allocation forcapital expenditure at an average of 3.3% over the forecast period
Key Findings
-During 2011-2015, Jordanian defense expenditure registered a growth rate of0.27%, increasing from US$1.70 billion in 2011 to US$1.71 billion in 2015
-Military expenditure is anticipated to register a CAGR of 2.05% during2016-2020, to value US$1.9 billion in 2020
-Over the forecast period, the country's budget for homeland security isexpected to be US$8.8 billion cumulatively
-The key areas of investment are expected to be armored vehicles, patrol boats,and border surveillance equipment
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Synopsis
StrategicDefence Intelligence'sreport - Future of the Jordanian Defense Industry -Market Attractiveness, Competitive Landscape and Forecasts to 2020 offersdetailed analysis of the industry with market size forecasts from 2016-2020.This report will also analyze factors that influence demand in the industry,key market trends, and challenges faced by industry participants.In particular,it provides an in-depth analysis of the following:
-Defense industry market size and drivers: detailed analysis of the defenseindustry during 2016-2020, including highlights of the demand drivers andgrowth stimulators. It also provides a snapshot of the country's expenditureand modernization patterns
-Budget allocation and key challenges: insights into procurement schedulesformulated within the country and a breakdown of the defense budget withrespect to the army, navy, and air force. It also details the key challengesfaced by defense market participants within the country
-Porter's Five Force analysis of the defense industry: analysis of the marketcharacteristics by determining the bargaining power of suppliers, buyers,threat of substitution, intensity of rivalry, and barriers to entry
-Import and Export Dynamics: analysis of prevalent trends in the country'simports and exports over the last five years
-Market opportunities: details of the top five defense investment opportunitiesfrom 2015 to 2025
-Competitive landscape and strategic insights: including an overview of keyplayers, together with insights such as key alliances, strategic initiatives,and a brief financial analysis
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Reasons To Buy
-Identify and track the global defense market and make regional comparisons toeffectively target new revenue streams
-Understand the importance of being led by the defense ministries in themilitary procurement market and define your strategies with insight on whatyour customers really want by analyzing recent orders, technical specifications, and the country's expected investment patternduring 2016-2020
-Make correct business decisions based on detailed analysis of the defenseindustry from 2016-2020,which includes the total competitive landscape of thesector with detailed profiles of the top domestic and foreign defensemanufacturers along with information about their products, alliances, recentcontract wins, and financial analysis
-Determine prospective investment areas by gaining an in-depth understanding ofthe industry in terms of market opportunities
-Channel resources by identifying various military requirements that areexpected to generate revenues across different sectors during 2016-2020
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