The UAE Defense Market​ - Budget Assessment and Drivers 2022​

GlobalData’s UAE Defense Market -2022 Free Report offers the reader a detailed analysis of UAE defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry and key market trends and insights of the market there.

In particular, it provides an in-depth analysis of the following:

• UAE defense budget: detailed analysis of UAE FY2022 defense budget broken down into market size and market share
• Drivers of defense expenditure: to help understand those aspects that are considered to be driving defense expenditure for the country

Key findings include:

• Over the historic period, the surge in the UAE’s defense expenditure was mainly driven by its involvement in the Yemen civil war, in support of its ally Saudi Arabia
• During 2018–22, the UAE’s defense expenditure contracted by 0.7% overall. With the withdrawal of the bulk of its forces from Yemen, coupled with the outbreak of COVID-19, the UAE’s defense expenditure declined to a low of $19.8 billion in 2020
• Over the forecast period, the UAE's expenditure is expected to reach $28.6 billion in 2027, growing at a CAGR of 4.8%
• Despite the withdrawal of the UAE's troops from Yemen in 2019, there was a surge in defense spending that year, and the country continues to wield immense influence over the anti-Houthi militia. It is expected to continue extending its financial support for anti-terrorism operations in Yemen
• Drivers of Defense expenditure include the strengthening the capabilities of the Emirati Armed Forces, territorial disputes with Iran, and to counter attacks on UAE's strategic assets by Iran and others especially after the endorsement of the Abraham Accords