Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Qatar Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026”under Defence Market Research Report category. The Qatar Defense Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Qatar Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key defense expenditure drivers, key procurement programs and major challenges faced by market participants.
The Qatari defense expenditure stands at US$11.6 billion in 2021 and has registered a CAGR of 15.44% during 2017-2021. The country is spending billions of dollars to increase its military power, especially its air force capabilities. The necessity to fund major arms acquisition programs for the Qatari armed forces mordernization is reflected in the growth of its defense budget during 2017-2021 and is expected to further accelerate the defense expenditures in the upcoming years.
This report offers detailed analysis of the Qatari defense market 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.
Disputes with neighbouring countries, and the armed forces mordernization programs are expected to drive the defense expenditure over the forecast period.
Aircrafts, missiles and air defense systems accounted for major share of defense equipment imports for Qatar during 2015-2019.
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