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

Jordan Defense Market Overview

The Jordan defense budget is worth $2 billion in 2023 and is expected to achieve a CAGR of more than 4% during 2024-2028. The Jordan 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.

Jordan Defense Market Outlook, 2023-2028

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Jordan Defense Market Drivers

Jordan partakes in overseas counter-terrorist operations. They have taken part in airstrikes against ISIS in Syria and Iraq and against the Houthis in Yemen. Jordan has also provided locations to the US for training and military support to small rebel groups in Syria to combat IS and their ideology.

Since its inception in 1999, Jordan’s sole domestic defense company Jordan Design and Development Bureau (JODDB) has established itself as the preferred global partner in terms of defense manufacturing in the Middle East. JODDB has also taken up joint partnerships with various defense firms from around the world.

Jordan Military Doctrines and Defense Strategies

Due to instability and the presence of terrorist networks in its neighboring countries, Jordan focuses on ensuring that no terrorist elements cross over the border to Jordan from Syria and Iraq. Since it has traditionally been a US ally, the country remains a target for returning terrorists. As a result, Jordan felt the need for special operation units in the last two decades. Hence, the King Abdullah II Special Operations Training Center (KASOTC) was set up.

Since the king is the commander-in-chief of the armed forces, it is the paramount duty of the army to protect the king under all circumstances. The king has complete power to unilaterally declare war against any external threats. The Jordanian Armed Forces are considered one of the best and finest armies in the Arab world and among the most elite forces in the Middle East. They seek to control the country’s borders and protect all the citizens and their rights within its sovereign territory.

Jordan Defense Market Segmentation by Sectors

The key sectors in the Jordan defense market are military fixed-wing, military rotorcraft, EOIR, military radar, electronic warfare, missiles and missile defense systems, tactical communications systems, military simulation and training, naval vessels and surface combatants, naval engines, INS GNSS, and unmanned aerial vehicles. The top sector in the Jordan defense market is military fixed-wing, followed by military rotorcraft and EOIR.

Jordan Defense Market Analysis by Sectors, 2023 (%)

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Jordan Defense Market - Competitive Landscape

Some of the leading defense companies operating in Jordan are Jordan Design and Development Bureau, Paramount Group, Raytheon Technologies Corp, Lockheed Martin, Jadara Equipment and Defense Systems, Almontaser, Lucerne Military and Security, Thales, Aselsan, and General Dynamics.

Jordan Defense Market Report Overview

Segments Covered in the Report

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

• Military Fixed-Wing
• Military Rotorcraft
• EOIR
• Military Radar
• Electronic Warfare
• Missiles and Missile Defense Systems
• Tactical Communications Systems
• Military Simulation and Training
• Naval Vessels and Surface Combatants
• Naval Engines
• INS GNSS
• Unmanned Aerial Vehicles

Scope

The report provides an in-depth analysis of the following –

• Jordan defense budget: detailed analysis of Jordan 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 the Jordan military doctrine and strategy to provide a comprehensive overview of Jordan military procurement regulation.
• Security Environment: political alliances and perceived security threats to Jordan are examined to explain trends in spending and modernization.
• 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 Jordan’s defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Jordan 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 Jordan 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 Jordan 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 Jordan 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 contract awarded, and financial analysis, wherever available