Kuwait Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028

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Kuwait Defense Market Report Overview

The Kuwait defense budget is worth $6.1 billion in 2023. The country’s defense budget is expected to grow at a CAGR of more than 3% during 2024-2028 with increases in spending primarily focused on modernizing military force structure and improving readiness in response to continuing regional instability in the Gulf Area.

Kuwait Defense Market Outlook, 2023-2028 ($ Billion)

Kuwait Defense Market Outlook, 2023-2028 ($ Billion)

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The Kuwait 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, key sectors, 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.

Market Size (2023) $6.1 Billion
CAGR (2024-2028) >3%
Forecast Period 2024-2028
Historical Period 2019-2023
Key Sectors ·        Military Fixed Wing Aircraft

·        Naval Vessels and Surface Combatants

·        Military Land Vehicles

·        Missiles and Missile Defense Systems

·        Tactical Communications Systems

·        Military Simulation and Training

Leading Companies ·        Eurofighter Jagdflugzeug GmbH

·        Raytheon Missiles & Defense and Kongsberg Defence Systems

·        JSC Scientific and Production Corporation Uralvagonzavod

·        Intra Defense Technologies and Advanced Electronics Company

·        Baykar Technologies

·        The Boeing Co

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Kuwait Defense Market Drivers

  • The country’s defense and security expenditure is largely expected to be driven by its military modernization program,
  • supported by the need to safeguard its sovereignty and guard against terrorism.
  • Moreover, the protection of vital infrastructure and territorial disputes with Iraq are expected to drive the country’s future defense expenditure in the coming years.

Kuwait Military Doctrines and Defense Strategies

The 1990 Iraqi invasion of Kuwait and the subsequent occupation by Iraq, which lasted for almost seven months, prompted Kuwait to focus on developing a robust defense capability. Kuwait has since used its oil and gas export revenues to fund its defense procurements and has invested in developing a robust defensive capability to delay enemy offensive activities just long enough for its allied states to intervene and defeat the opposition.

Kuwait has adopted a foreign policy line that is somewhat shaped by its threat perceptions emanating from nearby crises. Kuwait consistently seeks ways to invest in stronger ties with major powers such as Turkey, the US, and China to strengthen its position in increasingly vulnerable geopolitical situations. Kuwait views the Gulf Cooperation Council (GCC) as an important organization worth preserving for the sake of uniting Gulf States in the face of regional threats from IS, Shia militias in Iraq and Syria, and an aggressive Iran. Over the past three decades, Kuwait has made great efforts to strengthen the GCC as an institution. Restoring the GCC’s relevance remains a high priority for the country amid this era of uncertainty. The Kuwaiti military is part of a Saudi-led coalition trying to defeat the Iranian-backed “Houthi” rebel group in Yemen, while at the same time mediating a possible solution to that and other regional conflicts.

Kuwait Defense Market Segmentation by Sectors

In 2023, the top sector in the Kuwait defense market is military fixed-wing aircraft.

The key sectors in the Kuwait defense market are military fixed-wing aircraft, naval vessels and surface combatants, military land vehicles, missiles and missile defense systems, tactical communications systems, and military simulation and training, among others. Kuwait has emerged as one of the most attractive defense markets in the Middle East since it is dependent on others to fulfill its military needs. Other attractive sectors in Kuwait’s defense market include missiles and missile defense systems and military land vehicles.

Kuwait Defense Market Analysis by Sectors, 2023 (%)

Kuwait Defense Market Analysis by Sectors, 2023 (%)

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Kuwait Defense Market - Competitive Landscape

Some of the leading defense companies operating in Kuwait are:

  • Eurofighter Jagdflugzeug GmbH
  • Raytheon Missiles & Defense and Kongsberg Defence Systems
  • JSC Scientific and Production Corporation Uralvagonzavod
  • Intra Defense Technologies and Advanced Electronics Company
  • Baykar Technologies
  • The Boeing Co

Following the 2016 signing of the contract to supply 28 Eurofighter Typhoons to the State of Kuwait, Leonardo, and the other Eurofighter partner companies have started the production of what will be the most advanced variant of the fighter jet ever made, with a package of capabilities that will build effectively on existing enhancement programs. Delivery of the aircraft started in 2020 and will be completed in 2023, making Kuwait the aircraft’s eighth customer.

Kuwait Defense Market Analysis by Companies

Kuwait Defense Market Analysis by Companies

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Segments Covered in the Report

Kuwait Defense Market Sectors Outlook (Value, $ Billion, 2019-2028)

  • Military Fixed Wing Aircraft
  • Naval Vessels and Surface Combatants
  • Military Land Vehicles
  • Missiles and Missile Defense Systems
  • Tactical Communications Systems
  • Military Simulation and Training

Scope

The report provides:

  • Detailed analysis of the Kuwait 2022 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
  • Explanation of the procurement policy and process. This is coupled with an analysis of Kuwait’s military doctrine and strategy to provide a comprehensive overview of Kuwait’s military regulation.
  • Examination of political alliances and perceived security threats to Kuwait and explains trends in spending and modernization.
  • Analysis of prevalent trends in the country’s imports and exports over the last five years.
  • Analysis of the competitive landscape of Kuwait’s defense industry.

Key Highlights

• Drivers of Defense expenditure include Modernization programs, Territorial disputes

• Major ongoing procurement program include procurement of Eurofighter Typhoon, National Advanced Surface-to-Air Missile System (NASAMS), Bayraktar TB2

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of the Kuwait defense market over the next five years.
  • Gain an in-depth understanding of the underlying factors driving demand for different defense and internal security segments in the Kuwait 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 Kuwait defense market providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channel resources by focusing on the ongoing programs that are being undertaken by the Kuwait government.
  • Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available.

The Boeing Co
Eurofighter Jagdflugzeug
Raytheon Missiles & Defense

Table of Contents

  • 1. Executive Summary
  • 2. Defense Budget Assessment

    • 2.1. Budgeting Process
    • 2.2. Defense Market Size Historic And Forecast
    • 2.3. Drivers Of Defense Expenditure
    • 2.4. Analysis of Defense Expenditure Allocation
    • 2.5. Analysis Of Defense Budget Allocation

  • 3. Military Doctrine and Security Environment

    • 3.1. Military Doctrine And Strategy
    • 3.2. Strategic Alliances and Geopolitics
    • 3.3. Political, Social, and Economic Scenario

  • 4. Market Entry Strategy and Regulations

    • 4.1. Procurement Policy and Market Regulations
    • 4.2. Market Entry Routes
    • 4.3. Key Challenges
    • 4.4. Major Deals and M&A

  • 5. Market Attractiveness and Emerging Opportunities

    • 5.1. Market Attractiveness By Defense Sector
    • 5.2. Top Sectors in the Italian Defense Market
    • 5.3. Top Defense Segments By Value

  • 6. Defense Platform Acquisitions

    • 6.1. Defense Platform Acquisitions By Value
    • 6.2. Eurofighter Typhoon Tranche 3A
    • 6.3. National Advanced Surface-to-Air Missile System (NASAMS)
    • 6.4. Bayraktar TB2

  • 7. Fleet Size
  • 8. Competitive Landscape

    • 8.1. Defense Companies
    • 8.2. Main Defense Companies

  • 9. Appendix

    • 9.1. About This Report
    • 9.2. About Us
    • 9.3. Contact Us

Frequently asked questions

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