Lebanon Defense Industry Report 2018: Market Attractiveness, Competitive Landscape and Forecasts 2019-2023

DUBLIN, Oct. 16, 2018 /PRNewswire/ --

The "Future of the Lebanese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.

Future of the Lebanese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023, published by Strategic Defence Intelligence, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

The Syrian civil war has resulted in a large number of refugees' crossing over to Lebanon to live in camps. As a consequence, these refugee camps have increased the burden on the Lebanese economy by fuelling sectarian violence in the country and complicating its internal security. Plagued by sectarian violence, the country faces increasing threats of militancy, homegrown extremism, and unrest in refugee camps.

On the other hand, the growing military power of Israel and the volatile security situation in the region has forced the Lebanese Government to prioritize the modernization of the Lebanese Armed Forces (LAF) with the help of foreign aid. Lebanon's internal security expenditure will primarily be driven by the need to protect the country from sectarian violence and drug trafficking. In the coming years, modernizing the police force and developing domestic infrastructure are expected to be the primary areas for investment by the government.

Lebanon's military expenditure, which is valued at US$2.6 billion in 2018, registered a CAGR of 2.98% during 2014-2018. Moreover, the country is anticipated to record a CAGR of 5.01% over the forecast period to value US$3.3 billion in 2023. As a percentage of GDP, the country's defense and security expenditure is estimated to average 4.8% over the forecast period compared to an average of 4.9% recorded during the historic period.

Scope

• Plagued by sectarian violence, the country faces increasing threats of militancy, homegrown extremism, and unrest in refugee camps. In addition, the Syrian civil war has resulted in a large number of refugees' crossing over to Lebanon to live in camps.
• As a consequence, these refugee camps have increased the burden on the Lebanese economy by fuelling sectarian violence in the country and complicating its internal security.
• Lebanon's military expenditure, which is valued at US$2.6 billion in 2018, registered a CAGR of 2.98% during 2014-2018. Moreover, the country is anticipated to record a CAGR of 5.01% over the forecast period to value US$3.3 billion in 2023.
• As a percentage of GDP, the country's defense and security expenditure is estimated to average 4.8% over the forecast period compared to an average of 4.9% recorded during the historic period.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Conditions
3.1.1. Military fleet size
3.1.2. Procurement Programs
3.1.3. Key Drivers and Challenges
3.2. Defense and Security Market Size Historical and Forecast
3.2.1. Lebanese defense and security expenditure expected to grow at a CAGR of 5.01% over the forecast period
3.2.2. Cross border violence expected to be a key factor driving defense expenditure
3.2.3. Defense budget as a percentage of GDP expected to increase over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure allocation to average 32.4% of the total budget over the forecast period
3.3.2. Capital expenditure to grow at a CAGR of 5.41% over the forecast period
3.3.3. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Sectarian violence and drug trafficking will be the key factors driving homeland security
3.4.2. Lebanon considered in the highly affected' category in terms of terrorist attack
3.4.3. Lebanon faces high risk from acts of terrorism
3.4.4. Lebanon has a terrorism index score of 5.6
3.5. Benchmarking with Key Global Markets
3.5.1. Lebanon to remain at the bottom of the Top defense spenders list
3.5.2. The country's defense budget is low compared to other Middle Eastern countries
3.5.3. Lebanon's defense expenditure as a percentage of GDP to average 4.8% over the forecast period
3.6. Market Opportunities: Key Trends and Drivers
3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense industry heavily relies on imports from foreign countries
4.1.2. The US is the key defense suppliers to Lebanon
4.1.3. Armored vehicles, artillery and missiles dominated Lebanese defense imports during the historic period
4.2. Export Market Dynamics
4.2.1. Lebanon's defense export market is negligible

5. Market Entry Strategy
5.1. Market Regulation
5.1.1. The Lebanese Government prohibits FDI in the defense industry
5.1.2. Lebanon does not disclose any offset obligations imposed by the country
5.2. Market Entry Route
5.2.1. Government-to-government deals are the preferred market entry route for foreign OEMs

6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview
6.1.1. Lebanese defense sector is dominated by foreign competitors

7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. GDP per Capita
7.1.2. Gross Domestic Product
7.1.3. National Disposal Income (US$ Billion)
7.1.4. Exports of Goods and Services
7.1.5. Imports of Goods and Services
7.1.6. LCU per USD (period average)
7.1.7. Market Capitalization of Listed Companies
7.1.8. Market Capitalization of listed companies as a % GDP
7.1.9. Total Government Cash Surplus/Deficit as % of GDP
7.1.10. Goods Exports as a % of GDP
7.1.11. Goods Imports as a % of GDP
7.1.12. Services Imports as a % of GDP
7.1.13. Services Exports as a % of GDP
7.1.14. Net Foreign Direct Investment
7.1.15. Net Foreign Direct Investment as % of GDP
7.1.17. Mining, Manufacturing, Utilities Output

8. Appendix

Companies Mentioned

• Bell Helicopter Textron, Inc.
• MBDA

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