Bahrain Defense Market Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2024-2029

Bahrain Defense Market Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2024-2029

Summary

Bahrain Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2024-2029 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.

Bahrain's defense expenditure has historically been driven by the need to modernize its armed forces. However, during the historic period, Bahrain’s defense expenditure remained consistent with a moderate CAGR of 2% over the historic period, anticipating a budget of $1.52 billion in 2024. The country allocated an average of $1.44 billion to its defense sector over 2020-24. However, the defense budget is expected to increase from $1.57 billion in 2025 to $1.74 billion in 2029, owing to the Bahraini government’s recent procurement of advanced aircraft and platform-based missile defense systems from the US government.

Key Highlights

• Drivers of Defense expenditure include military modernization and Bahrain’s strained relationship with Iran
• Missiles and missile defense systems, Military fixed wing aircraft and military rotorcraft are the top defense sectors
• Major ongoing procurement programs include procurement of MIM-104F PAC-3 MSE, F-16V, AH-1Z Viper

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Scope

This report offers a detailed analysis of the Bahrain defense market 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.

In particular, it provides an in-depth analysis of the following -

• Bahrain's defense budget: detailed analysis of Bahrain's 2024 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of the Bahrain's military doctrine and strategy to provide a comprehensive overview of the Bahrain's military procurement regulation.
• Security Environment: political alliances and perceived security threats to the Bahrain are examined; they help to explain trends in spending and modernization.
• Competitive landscape and strategic insights: analysis of the competitive landscape of the Bahrain's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Bahrain defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Bahrain market and identify the opportunities offered.
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the Bahrain defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Bahrain government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available