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Recent research: Jordanian defense market forecast to 2023

Military Market Research

This report offers detailed analysis of the Jordanian defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

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The Jordanian defense industry market size and drivers: detailed analysis of the Jordanian defense industry during 20192023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns.

Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.

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Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.

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  • Jordan’s defense expenditure rose from US$1.6 billion in 2014 to US$2 billion in 2018, at a CAGR of 6.66% due to the country’s precarious security environment, aggravated by the responsibility of hosting a large refugee population.
  • Attempts to modernize its military equipment will therefore drive its defense expenditure over the forecast period, which is projected to rise from US$2.1 billion in 2019 to US$2.6 billion by 2023, at a CAGR of 5.60%.
  • Jordan will maintain its budget allocation for capital expenditure at an average of 3.3% over the forecast period, with the US providing military aid.

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Reason to Access:

  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Jordanian defense industry market trends for the coming five years
  • The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
  • Profiles of the top domestic and foreign defense manufacturers. This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of the Jordanian defense industry covering sections including demand drivers,Key Trends and latest industry contracts

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