Dublin, June 17, 2024 (GLOBE NEWSWIRE) -- The "Jordan Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2024-2029" report has been added to ResearchAndMarkets.com's offering.
Jordan's defense expenditure including US military aid grew from $2.1 billion in 2020 to $2.5 billion in 2024, reflecting a CAGR of 4.7% during 2020-24. The budget is expected to grow to $3 billion in 2029 reflecting a CAGR of 4% during 2020-24. Jordan recorded a cumulative budget of $11.7 billion from 2020 to 2024.
The 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.
The Jordanian defense industry is expected to register steady growth over 2025-29. The primary driving force behind this growth can be attributed to the surge in counter terrorist operations being conducted in neighboring countries to control the spread of Islamic State (IS) and its extremist ideology.
Key Highlights
- Drivers of Defense expenditure include modernization of depleting equipment and combatting volatile security environment.
- The most attractive sectors in Jordan's defense market are military fixed wing aircraft, military land vehicles and military radar.
- Major ongoing procurement program includes procurement of F-16C/D.
Who Should Buy
- Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
- The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
- The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.
Scope
- In particular, it provides an in-depth analysis of the following :
- Jordan defense budget: detailed analysis of Jordan 2024 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 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; 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 Jordan's defense industry.
Key Topics Covered:
- Executive Summary
- Defense Budget Assessment
- Budgeting Process
- Defense Market Size Historic And Forecast
- Drivers Of Defense Expenditure
- Analysis of Defense Expenditure Allocation
- Analysis Of Defense Budget Allocation
- Military Doctrine And Security Environment
- Military Doctrine And Strategy
- Strategic Alliances and Geopolitics
- Political, Social and Economic Scenario
- Market Entry Strategy And Regulations
- Defense Procurement Bodies
- Funding Opportunities
- Procurement Policy and Market Regulations
- Market Entry Routes
- Key Challenges
- Major Deals and M&A
- Market Attractiveness And Emerging Opportunities
- Market Attractiveness By Defense Sector
- Top Sectors in the Jordan Defense Market
- Top Defense Segments By Value
- Defense Platforms Import and Export Dynamics
- Defense Platforms Import Dynamics
- Defense Platforms Export Dynamics
- Defense Platform Acquisitions
- Defense Platform Acquisitions By Value
- F-16C/D
- Fleet Size
- Army
- Air Force
- Navy
- Competitive Landscape
- Defense Companies Operating In Jordan
- Main Defense Companies
- Appendix
A selection of companies mentioned in this report includes, but is not limited to:
- Lockheed Martin Corp
- Jordan Design and Development Bureau
- Paramount Group
For more information about this report visit https://www.researchandmarkets.com/r/z1p72o
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