Israel Defense Market Size study, by Sectors (Military Fixed-Wing Aircraft, Missiles and Missile Defense Systems, Submarines, Military Rotorcraft, Military Land Vehicles, Electronic Warfare, Artillery, Naval Vessels and Surface Combatants) and Regional Forecasts 2022-2032
The Israel Defense Market is valued approximately at USD 23.6 billion in 2023, inclusive of US aid, and is anticipated to grow with a healthy growth rate of more than 2.44% over the forecast period 2024-2032. Israel's defense strategy is designed to address both conventional and unconventional threats while maintaining a technological edge and strategic readiness. Israel is renowned for its cutting-edge military technology. This includes the Iron Dome missile defense system, which intercepts short-range threats, and the David's Sling and Arrow systems for medium and long-range threats. Israel also invests heavily in cyber defense and intelligence capabilities. As the third largest defense market in the Middle East, after Saudi Arabia and the UAE, Israel stands out as a highly lucrative market. The nation’s defense expenditure is poised to benefit from an overall improvement in the country’s economy and political stability. Israel’s defense budget, fortified by US aid, underscores its strategic focus on maintaining a qualitative military edge and addressing security threats from its regional adversaries.
Israel’s defense market is driven by the need to maintain its Qualitative Military Edge (QME) over regional adversaries, ongoing border disputes with Palestine, conflicts with Iran, and threats from terrorist groups. The country faces significant security risks from hostile neighbors and active terrorist networks along its borders. Given Israel’s relatively small population, it relies heavily on technological superiority and advanced military capabilities to safeguard its national security. The mutual hostility between Israel and Iran, marked by a series of conflicts and covert operations, further underscores the strategic imperatives driving Israel’s defense expenditure. The Israeli defense doctrine emphasizes the mission of the Israeli Defense Forces (IDF) to safeguard territorial integrity, defend the existence and sovereignty of Israel, and combat terrorism. This doctrine calls for maintaining extended periods of security calm, enabling the development of science, society, and the economy while ensuring military preparedness to face any emergency or wartime scenarios. This comprehensive approach to national security underpins Israel’s defense strategies and investments.
Major market players included in this report are:Israel Aerospace Industries Ltd
Rafael Advanced Defense Systems Ltd
Cellebrite Ltd
Bet Shemesh Engines Holdings (1997) Ltd
FMS Enterprises Migun Ltd
Ashot Ashkelon Industries Ltd.
TAT Technologies Ltd
IMCO Industries Ltd
ORBIT Communication Systems Ltd
Elbit Systems
RADA Electronic Industries Ltd
Plasan Sasa Ltd.
Aeronautics Ltd
Magam Safety Ltd
Bental Industries Ltd
The detailed segments and sub-segment of the market are explained below:By Sectors:
Military Fixed-Wing Aircraft
Missiles and Missile Defense Systems
Submarines
Military Rotorcraft
Military Land Vehicles
Electronic Warfare
Artillery
Naval Vessels and Surface Combatants
Years considered for the study are as follows:Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
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