$2.6 Bn Lebanese Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2023 – ResearchAndMarkets.com

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.

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.

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.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

4. Defense Procurement Market Dynamics

5. Market Entry Strategy

6. Competitive Landscape and Strategic Insights

7. Business Environment and Country Risk

8. Appendix

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/research/3nqg5h/2_6_bn_lebanese?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181016005641/en/

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