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

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

Summary

Jordan 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.

Jordan's defense budget including US military aid stands at $2.5 billion in 2024, having grown a CAGR of 4.7% during 2020-24. The defense budget has shown a gradual increase from 2020, when it was valued at $2.1 billion. The Jordanian defense industry is expected to register steady growth over 2025-29. The primary driving force behind this growth can be attributed to the surge in counter terrorist operations being conducted in neighboring countries to control the spread of Islamic State (IS) and its extremist ideology.

Key Highlights

• Jordan's defense expenditure including US military aid grew from $2.1 billion in 2020 to $2.5 billion in 2024, reflecting a CAGR of 4.7% during 2020-24. The budget is expected to grow to $3 billion in 2029 reflecting a CAGR of 4% during 2020-24. Jordan recorded a cumulative budget of $11.7 billion from 2020 to 2024.
• Drivers of Defense expenditure include modernization of depleting equipment and combatting volatile security environment.
• The most attractive sectors in Jordan’s defense market are military fixed wing aircraft, military land vehicles and military radar.
• Major ongoing procurement program includes procurement of F-16C/D.

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 detailed analysis of Jordan 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
• Jordan defense budget: detailed analysis of Jordan 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 Jordan military doctrine and strategy to provide a comprehensive overview of Jordan military procurement regulation.
• Security Environment: political alliances and perceived security threats to Jordan are examined; there help to explain trends in spending and modernisation.
• Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
• Competitive landscape and strategic insights: analysis of the competitive landscape of Jordan's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the French 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 French 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 Jordan 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 Jordan 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