Future of the Moroccan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024

Published : Mar-2019

No. of Pages : 88

order by fax Inquire before Buying request discount

Table of Contents
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About Strategic Defence Intelligence
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary threat perception
3.1.2. Military Doctrine and Strategy
3.1.3. Equipment of Moroccan Military
3.1.4. Procurement Programs
3.1.5. Social, Political and Economic Environment and Support for Defense Projects
3.1.6. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Moroccan Defense Budget is Expected to Register a CAGR of 4.24% over the Forecast Period
3.2.2. Counter-terrorism, Border Security, and the Need to Modernize Outdated Defense Equipment Are Expected to Drive Morocco's Defense Expenditure
3.2.3. Defense expenditure as a percentage of GDP is expected to average 3% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital Expenditure Share Expected to Increase Marginally over the Forecast Period
3.3.2. Capital Expenditure Anticipated to Grow at a CAGR of 4.31% over the Forecast Period
3.3.3. Per Capita Defense Expenditure Expected to Increase During the Forecast Period
3.4. Homeland Security Market Size and Forecast
3.4.1. Moroccan Homeland Security Expenditure Anticipated to Increase at a CAGR of 7.87%
3.4.2. Human Trafficking, Drug Smuggling and Cybercrime Are the Major Targets of Homeland Security Expenditure
3.5. Benchmarking with Key Global Markets
3.5.1. Morocco is the Fourth Largest Defense Spender in the North African Region
3.5.2. Morocco's Military Expenditure is Low when Compared to the Largest Defense Spenders but on Par with Other African Countries
3.5.3. Morocco Allocates a Moderate Percentage of its GDP to Defense
3.6. Market Opportunities: Key Trends
3.6.1. Top 10 Defense Market Sectors by Value (US$ Million), 2019-2024
3.6.2. Critical Infrastructure Protection - Physical Security
3.6.3. Naval Vessel MRO - Corvettes
3.6.4. Land-Based C4ISR
4. Defense Procurement Market Dynamics
4.1.1. Import Market Dynamics
4.1.2. Defense Imports to be Driven by Modernization Initiatives over the Forecast Period
4.1.3. Morocco Imports the Majority of its Arms from Europe
4.1.4. Armored Vehicles Accounted for the Majority of Defense Imports during 2013-2017
4.2. Export Market Dynamics
4.2.1. Morocco Does not Export Arms due to its Under-Developed Domestic Arms Industry
5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining Power of the Supplier: Medium to High
5.1.2. Bargaining power of the buyer: low to medium
5.1.3. Barrier to entry: medium to high
5.1.4. Intensity of rivalry: medium
5.1.5. Threat of substitution: medium
6. Market Entry Strategy
6.1. Market Regulation
6.1.1. Morocco does not disclose any offset obligations imposed by the country
6.1.2. Foreign direct investment (FDI) is determined on a case-by-case basis
6.2. Market Entry Route
6.2.1. Budgeting Process
6.2.2. Procurement Policy and Process
6.2.3. Government-to-government agreements are the preferred market entry route for foreign OEMs
6.2.4. Joint venture and license manufacturing agreements provide an attractive market entry route
6.2.5. Key Challenges
7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.1.1. Morocco Market Share Analysis, 2018-2023
7.2. Key Foreign Companies
7.2.1. Lockheed Martin Corp.: Overview
7.2.2. Lockheed Martin Corp.: Products and Services
7.2.3. Lockheed Martin Corp.: Recent Announcements and Strategic Initiatives
7.2.4. Lockheed Martin Corp.: Recent Contract Wins
7.2.5. Raytheon: Overview
7.2.6. Raytheon: Products and Services
7.2.7. Raytheon: Recent Announcements and Strategic Initiatives
7.2.8. Raytheon: Recent Contract Wins
7.2.9. Damen Schelde Naval Shipbuilding: Overview
7.2.10. Damen Schelde Naval Shipbuilding: Products and Services
7.2.11. Damen Schelde Naval Shipbuilding: Recent Announcements and Strategic Initiatives
7.2.12. Damen Schelde Naval Shipbuilding: Recent Contract Wins
8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP Per Capita
8.1.2. GDP, Current Prices
8.1.3. Exports of Goods and Services (Current LCU Billion)
8.1.4. Imports of Goods and Services (Current LCU Billion)
8.1.5. Gross National Disposable Income (US$ Billion)
8.1.6. Local Currency Unit per US Dollar
8.1.7. Market Capitalization of Listed Companies (US$ Billion)
8.1.8. Market Capitalization of Listed Companies (% of GDP)
8.1.9. Government Cash Surplus/Deficit as a Percentage of GDP (LCU)
8.1.10. Goods Exports as a Percentage of GDP
8.1.11. Goods Imports as a Percentage of GDP
8.1.12. Services Imports as a Percentage of GDP
8.1.13. Service Exports as a Percentage of GDP
8.1.14. Foreign Direct Investment, Net (BoP, Current US$ Billion)
8.1.15. Net Foreign Direct Investment as Percentage of GDP
8.1.16. Mining, Manufacturing, Utilities Output LCU Billion
9. Appendix
9.1. About GlobalData
9.2. Disclaimer

List of Tables
Table 1: Moroccan Army Strength
Table 2: Morocco Navy Strength
Table 3: Moroccan Air Force Strength
Table 4: Moroccan Ongoing Procurement Programs
Table 5: Moroccan Future Procurement Programs
Table 6: Morocco's Top Defense Procurement Programs by Value (US$ Million), 2019-2024
Table 7: Moroccan Defense Cooperation
Table 8: Moroccan Military Training Exercises
Table 9: Moroccan Defense Expenditure (MAD Billion and US$ Billion), 2015-2024
Table 10: Moroccan GDP Growth vs Defense Expenditure as a Percentage of GDP, 2015-2024
Table 11: Moroccan Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 12: Moroccan Defense Capital Expenditure (MAD Billion and US$ Billion), 2015-2024
Table 13: Moroccan Per Capita Defense Expenditure (US$), 2015-2024
Table 14: Moroccan Homeland Security Expenditure (MAD Billion and US$ Billion), 2015-2024
Table 15: Benchmarking with Key Markets, 2015-2019 vs 2020-2024
Table 16: Top 10 Morocco Defense Market Sectors by Value (US$ Million), 2019-2024
Table 17: Moroccan Budget Formation Timetable
Table 18: Competitive Landscape of the Morocco Defense Industry
Table 19: Top Defense Suppliers in Morocco Defense Industry by Value (US$ Million) 2019-2024
Table 20: Lockheed Martin Corp. - Product Focus
Table 21: Lockheed Martin Corp. - Contracts
Table 22: Raytheon - Product Focus
Table 23: Raytheon - Contracts
Table 24: Damen Schelde Naval Shipbuilding - Product Focus
Table 25: Damen Schelde Naval Shipbuilding - Contracts

List of Figures
Figure 1: Moroccan Defense Imports/Exports, 2013 and 2017
Figure 2: Moroccan Defense Imports/Exports, 2013 and 2017
Figure 3: Morocco's Top Five Prospective Procurements/Developments
Figure 4: Moroccan National Security Threats
Figure 5: Morocco's Partnering Countries for Defense Cooperation and Military Training
Figure 6: Moroccan Defense Expenditure (MAD billion), 2015-2024
Figure 7: Moroccan Defense Expenditure (US$ billion), 2015-2024
Figure 8: Moroccan GDP Growth vs Defense Expenditure as Percentage of GDP Growth, 2015-2024
Figure 9: Moroccan Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 10: Moroccan Capital Budget Allocation (MAD Billion), 2015-2024
Figure 11: Moroccan Capital Budget Allocation (US$ Billion), 2015-2024
Figure 12: Moroccan Per Capita Defense Expenditure (US$), 2015-2024
Figure 13: Moroccan Homeland Security Expenditure (MAD Billion), 2015-2024
Figure 14: Moroccan Homeland Security Budget (US$ Billion), 2015-2024
Figure 15: Benchmarking with Key Markets, 2015-2019 vs 2020-2024
Figure 16: Defense Expenditure of World's Largest Military Spenders (US$ Billion), 2019 and 2024
Figure 17: Defense Expenditure as Percentage of GDP of Largest Military Spenders (%), 2019
Figure 18: Physical Security Market Size (US$ Million), 2019-2024
Figure 19: Corvettes Market Size (US$ Million), 2019-2024
Figure 20: Land-Based C4ISR Market Size (US$ Million), 2019-2024
Figure 21: Morocco's Top Defense Procurements in Terms of Their Supplier Relationships
Figure 22: Moroccan Defense Import Trend (US$ million), 2013-2017 (TIV values)
Figure 23: Moroccan Defense Imports by Country (%), 2013-2017
Figure 24: Moroccan Defense Imports by Category (%), 2013-2017
Figure 25: Industry Dynamics Porter's Five Forces Analysis
Figure 26: Key Challenges in Moroccan Defense Market
Figure 27: Moroccan Market Share Analysis, 2019-2024
Figure 28: Moroccan GDP Per Capita at Constant Prices (US$), 2015-2025
Figure 29: Moroccan GDP, Current Prices (US$ Billion), 2015-2025
Figure 30: Moroccan Exports of Goods and Services (Current LCU Billion), 2005-2014
Figure 31: Moroccan Imports of Goods and Services (Current LCU Billion), 2005-2014
Figure 32: Moroccan Gross National Disposable Income (US$ Billion), 2007-2014
Figure 33: Local Currency per USD, 2015-2024
Figure 34: Moroccan Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 35: Moroccan Market Capitalization of Listed Companies (% of GDP), 2005-2012
Figure 36: Moroccan Government Cash Surplus/Deficit as Percentage of GDP (LCU), 2005-2012
Figure 37: Moroccan Goods Exports as Percentage of GDP, 2005-2013
Figure 38: Moroccan Goods Imports as Percentage of GDP, 2005-2013
Figure 39: Moroccan Services Imports as Percentage of GDP, 2005-2013
Figure 40: Moroccan Service Exports as Percentage of GDP, 2005-2013
Figure 41: Moroccan Foreign Direct Investment, Net (BoP, Current US$ Billion), 2005-2013
Figure 42: Moroccan Net Foreign Direct Investment as Percentage of GDP, 2005-2013
Figure 43: Moroccan Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

Filed in: Defence

Publisher : GlobalData

Name:
Email:
Phone:
Subject:
Comments:

More Reports

Title	Price	Buy Now
Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Artillery Shells, Mortars), Component, Guidance Mechanism, Lethality (Lethal, Less-lethal), Region – Forecast to 2026 “Increasing procurement of ammunition armed forces owing to the changing nature of warfare, the militarization of police forces, the increasing incidence of drug trafficking, and terrorist activities, and the modernization of armed forces.” The global ammunition market size is projected to grow from USD 24.3 billion in 2021 to USD 29.1 billion by 2026, at a CAGR of 3.7% from 2021 to 2026. Factors such as the changing nature of warfare, the militarization of police forces, the increasing incidence of drug trafficking, and terrorist activities, and the modernization of armed forces are driving factors assisting the growth of the ammunition market. The ammunition market includes major players Lockheed Martin (US), General Dynamics Corporation (US), BAE Systems (UK), Elbit Systems (I......	$4950
Missile Defense System Market by Technology (Fire Control System, Weapon System, Countermeasure System, and Command and Control System), Range (Short, Medium, and Long), Threat type, Domain (Ground, Air, Marine, and Space), and Region – Forecast to 2026 “Increasing use of early warning systems for potential air and missile attacks will drive the market.” The missile defense system market size is projected to grow from USD 23.9 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 4.4% from 2021 to 2026. The market is driven by various factors, such as increasing defense programs of nations to protect against various threats, significant investments in indigenous missile defense systems, increasing need for missile detection systems, and increasing use of early warning systems for potential air and missile attacks. The missile defense system market will majorly be driven by the increasing use of early warning systems for potential air and missile attacks. Air and missile defense systems are used to monitor various enemy airbo......	$5650
Morocco Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026 Morocco Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 Summary "Morocco Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026", report provides an overview of the Morocco defense market, outlining future programs and predicted expenditures. Over the historic period, defense expenditure has been driven by the ongoing rivalry with neighbouring Algeria, the conflict in Western Sahara, and security concerns related to both the drugs trade and terrorism. During 2017-2021, Morocco's defense expenditure grew at a CAGR of 8.67% to reach US$6.5 billion in 2021. Whilst persistent geopolitical drivers necessitate continued spending, the economic impacts of COVID-19 are expected to dampen the rate of defense expenditure growth over the forecast pe......	$1250
Global Military Electro-Optical/Infrared (EO/IR) Systems Market to 2031 – Market Size and Drivers, Major Programs, Competitive Landscape and Strategic Insights Global Military Electro-Optical/Infrared (EO/IR) Systems Market to 2031 - Market Size and Drivers, Major Programs, Competitive Landscape and Strategic Insights Summary The global military electro-optical/infrared (EO/IR) systems market is valued at US$9.2 billion in 2021 and is anticipated to increase at a CAGR of 3.43% to reach a value of US$12.9 billion by 2031. The cumulative market for global EO/IR systems is estimated to value US$119.6 billion over the forecast period. The demand for EO/IR systems is anticipated to be driven by the increased need for battlespace awareness by defense forces and technological advancements to improve effectiveness of EO/IR systems. The integration of technologically advanced EO/IR systems into modern warfare platforms to obtain information superiority......	$4800
Estonia Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026 Estonia Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 Summary "Estonia Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026", report provides an overview of the Estonian defense market, outlining future programs and predicted expenditures. The defense budget of Estonia reached US$787 million in FY2021, the highest budget submitted and accepted over the historic period. Whilst small in comparison to many of its international allies, this budget is still over the 2% GDP NATO target which many of Estonia's peers fail to reach or maintain. As such, this modest budget allows Estonia to continue international cooperation and alliances by boosting positive sentiment and demonstrating a commitment to national and collective security. This is......	$1250
Jordan Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026 Jordan Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 Summary Jordan Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 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 modernization programs have historically been fueled by the need to maintain a robust deterrence capability to dissuade hostile elements and countries from threatening its sovereign territory. ......	$1250
Argentina Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026 Argentina Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 Summary Argentina Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the 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 maritime and border security market over the forecast period. Despite the need to support armed forces modernization program, Argentina's ability to fiscally support such a venture is constrained by economic crisis which has be......	$1250
Counter-Unmanned Aerial System (C-UAS) in Aerospace and Defense – Thematic Research Counter-Unmanned Aerial System (C-UAS) in Aerospace and Defense - Thematic Research Summary The use of unmanned aerial vehicles (UAVs) has gathered pace in recent years, with most states having access to some form of UAV platform. As new technologies such as AI and drone swarms mature, UAVs have the potential to revolutionize modern warfare. To counter this emerging threat, investment in cutting edge C-UAS is essential. The commercialization of drones is a key driver in the C-UAS market, with technological advances lowering the costs of acquiring drones, thereby increasing access. This has led to wider commercial and governmental proliferation, which itself necessitates the development and procurement of C-UAS systems in a variety of defense, commercial, and law enforcement roles. In t......	$1950
Egypt Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026 Egypt Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 Summary "Egypt Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026", report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key defense expenditure drivers, key procurement programs and major challenges faced by market participants. Egyptian defense expenditure stands at US$4.3 billion in 2021 and registered a CAGR of 10.34% during 2017-2021. Amidst the ongoing instability in Libya and conflict with Ethiopia, the country has signed several defense deals in order to maintain its military superiority in the region. In 2020, Egypt signed an agreement with Russia for t......	$1250
Global Military Unmanned Ground Vehicle Market to 2031 Global Military Unmanned Ground Vehicle Market to 2031 Summary The global military unmanned ground vehicles (UGV) market is anticipated to grow at a CAGR of 4.29% with a cumulative value of US$10.7 billion over the forecast period. The demand for military UGV is anticipated to be witnessed in the North American and European regions, especially in countries such as the US, Russia, France, Spain, Poland and the UK. The European region will hold the largest position globally, exhibiting a steady pace of growth over the forecast period with a CAGR of 4.76%. The global military unmanned ground vehicle market is expected to be led by Europe, with a revenue share of 46.5%, followed by North America and Asia-Pacific. UGVs have proven to be exceedingly useful during peacekeeping missions and the......	$4800

Future of the Moroccan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024

Benefits of Sandler Research

User License for Reports

Reach Us

Contact Us

Knowledge Store

Email Subscription

our Feed Reader

Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Artillery Shells, Mortars), Component, Guidance Mechanism, Lethality (Lethal, Less-lethal), Region – Forecast to 2026

Missile Defense System Market by Technology (Fire Control System, Weapon System, Countermeasure System, and Command and Control System), Range (Short, Medium, and Long), Threat type, Domain (Ground, Air, Marine, and Space), and Region – Forecast to 2026

Morocco Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026

Global Military Electro-Optical/Infrared (EO/IR) Systems Market to 2031 – Market Size and Drivers, Major Programs, Competitive Landscape and Strategic Insights

Estonia Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026

Jordan Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026

Argentina Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026

Counter-Unmanned Aerial System (C-UAS) in Aerospace and Defense – Thematic Research

Egypt Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026

Global Military Unmanned Ground Vehicle Market to 2031