Lebanon Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027
Summary
Lebanon Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027 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.
Lebanon's defense expenditure is expected to value $1.87 billion in 2022, registering a CAGR of -3.1% during 2018-22. The country is anticipated to record a negligible CAGR of 0.2% over the forecast period to value $1.89 billion in 2027. The decrease in investment is primarily due to Lebanon's currency losing more than 90% of its value against the dollar, resulting in a financial crisis. As a percentage of GDP, the country's defense expenditure averaged 6.1% during the historic period and is expected to increase slightly to an average of 6.7% over the forecast period. The country faces sectarian violence, threats of militancy, homegrown extremism, and unrest at refugee camps. The Syrian civil war and the Israeli-Lebanon conflict have resulted in a large number of refugees crossing the border into Lebanon, which has burdened the Lebanese economy, led to sectarian violence, and complicated its internal security.
This report offers detailed analysis of the Lebanon 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.
Drivers of Defense expenditure include Public unrest, Cross border violence.
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