Iraq Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
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Iraq Defense Market Overview
The Iraq defense budget was worth $5.2 billion in 2023 and is expected to achieve a CAGR of more than 1% during 2024-2028. The Iraq defense market research report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
Iraq Defense Market Outlook, 2023-2028 ($ Billion)
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Iraq Defense Market Drivers
The ongoing instability in the region, the security threat from the regrouping Islamic State (IS), and civil unrest in the country are key factors driving defense expenditure. The Iraqi government is working on improving its defense capabilities and develop a robust defense industry. For instance, Iraq unveiled its indigenous T-55 Al-kafil-1 main battle tank in July 2020. In 2022, the country signed contracts with the US and France regarding artillery and advanced weapons. Iraq has also been focusing on infrastructure construction. The country is planning to build a naval base in Basra to improve stability in the southern port city’s economic and security sectors.
Iraq’s political, social, and economic instability makes it one of the most vulnerable and volatile societal environments in the region. The prime potential threat to Iraq’s future stability is the prospect of Arab-Kurdish conflict over oil-rich Kirkuk and other disputed territories.
Furthermore, IS still poses a substantial threat to Iraq’s security, especially in the northern provinces and Diyala, in areas the extremist Sunni group previously held. IS attacks on security forces and the PMF and the abduction of civilians have not ceased.
Iraq Military Doctrines and Defense Strategies
Since 2003, Iraq has been faced with a growing refugee crisis, sectarianism, and the expansion of IS in the region, which has turned Iraq into a state of turmoil. The armed forces are one of the most trusted institutions in Iraq for carrying out functions such as military intelligence, logistics, and high-end conventional operations. As a result, the country created a military doctrine and adopted various strategies in favor of national interests and national security. Support for the Iraqi Army (IA) and Qwat Khasah (QK), a special operation, light infantry force in the form of individual equipment, ammunition, and small arms, and Counter-ISIS training and equipment plan are few such military doctrines adopted by the country.
Iraq Defense Market Segmentation by Sectors
The key sectors in the Iraq defense market are military fixed-wing aircraft, missiles and missile defense systems, electronic warfare, artillery, military radar, EOIR, military simulation and training, military rotocraft, tactical communications, and military land vehicles, among others. Between 2023 and 2028, military fixed-wing aircraft is expected to rank as the leading sector in the Iraq defense market, followed by missiles and missile defense systems, and electronic warfare.
Iraq Defense Market Analysis by Sectors, 2023 (%)
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Iraq Defense Market - Competitive Landscape
The leading defense companies in Iraq are Navistar International, Textron Inc, Pakistan Aeronautical Complex (PAC), Scientia Global Inc, Baykar Defense, Apollo Engineering, Apollo Engineering, and Krauss-Maffei Wegmann+Nexter Defense Systems (KNDS).
Iraq Defense Market Report Overview
Market Size (2023) | $5.2 billion |
CAGR (2024-2028) | >1% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | Military Fixed-Wing Aircraft, Missiles and Missile Defense Systems, Electronic Warfare, Artillery, Military Radar, EOIR, Military Simulation and Training, Military Rotocraft, Tactical Communications, and Military Land Vehicles |
Leading Companies | Navistar International, Textron Inc, Pakistan Aeronautical Complex (PAC), Scientia Global Inc, Baykar Defense, Apollo Engineering, Apollo Engineering, and Krauss-Maffei Wegmann+Nexter Defense Systems (KNDS) |
Scope
The report provides an in-depth analysis of the following –
- Iraq defense budget: detailed analysis of the UAE 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 Iraq military doctrine and strategy to provide a comprehensive overview of Iraq military procurement regulation.
- Security Environment: political alliances and perceived security threats to Iraq 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 UAE’s defense industry.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the French defense market over the next five years
- Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the French market and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
- Identify the major threats that are driving the Iraq defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channel resources by focusing on the ongoing programs that are being undertaken by the Iraq government
- Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available.
Pakistan Aeronautical Complex
Baykar Technologies
Table of Contents
Frequently asked questions
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What is the Iraq defense market size in 2023?
The defense market size in Iraq was valued at $5.2 billion in 2023.
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What is the Iraq defense market growth rate?
The defense market in the Iraq is expected to achieve a CAGR of more than 1% during 2024-2028.
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What are the key sectors in the Iraq defense market?
The key sectors in the Iraq defense market are military fixed-wing aircraft, missiles and missile defense systems, electronic warfare, artillery, military radar, EOIR, military simulation and training, military rotocraft, tactical communications, and military land vehicles, among others.
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Which are the leading companies in the Iraq defense market?
Some of the leading companies in the Iraq defense market are Navistar International, Textron Inc, Pakistan Aeronautical Complex (PAC), Scientia Global Inc, Baykar Defense, Apollo Engineering, Apollo Engineering, and Krauss-Maffei Wegmann+Nexter Defense Systems (KNDS).
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