Future of the Moroccan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Future of the Moroccan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Jan 2018 Strategic Defence Intelligence Defense and Security71 Pages Price :
$ 1250
Future of the Moroccan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Summary

The Future of the Morocco Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022, 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.

Synopsis

This report offers detailed analysis of the Moroccon defense industry 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 -
- The Morocco defense industry market size and drivers: detailed analysis of the Morocco defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country
- Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years
- Market opportunities:list of the top ten defense investment opportunities over the next 5 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Moroccan defense industry.

Scope

- Moroccan defense expenditure increased steadily during 2015-2017, in the wake of the current security situation in the MENA region, along with its efforts to modernize its army in order to match the military strength of its neighboring rival, Algeria.
- A dip in the budget in 2015 was attributable to the lower exchange rate in the same year. Between 2014 and 2018, Moroccos defense expenditure decreased from US$3.8 billion in 2014 to US$3.7 billion in 2018, at a CAGR of -0.66%.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Moroccan defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the Moroccoi defense industry covering sections including demand drivers, Key Trends , and latest industry contracts
Table of Contents
1. Introduction 7
1.1. What is this Report About? 7
1.2. Definitions 7
1.3. Summary Methodology 9
1.4. About Strategic Defence Intelligence 10
2. Executive Summary 11
3. Market Attractiveness and Emerging Opportunities 13
3.1. Current Market Scenario 14
3.1.1. Military Fleet Size 14
3.1.2. Procurement Programs 19
3.1.3. Key Drivers and Challenges 20
3.2. Defense Market Size Historical and Forecast 21
3.2.1. Moroccan defense budget is expected to register a CAGR of 2.12% over the forecast period 21
3.2.2. Counter-terrorism, border security, and the need to modernize outdated defense equipment are expected to drive Moroccos defense expenditure 23
3.2.3. Defense expenditure as a percentage of GDP is expected to average 3% over the forecast period 25
3.3. Analysis of Defense Budget Allocation 27
3.3.1. Capital expenditures share expected to increase over the forecast period 27
3.3.2. Capital expenditure expected to grow at a CAGR of 2.10% over the forecast period 29
3.3.3. Per capita defense expenditure expected to increase during the forecast period 31
3.4. Homeland Security Market Size and Forecast 32
3.4.1. Moroccan homeland security expenditure expected to increase at a CAGR of 7.32% 32
3.4.2. Human trafficking, drug smuggling, and cybercrime form the major components of homeland security expenditure 34
3.4.3. Morocco is at some risk from external and internal threats 36
3.4.4. Morocco faces some level of threat from foreign terrorist organizations 37
3.4.5. Morocco has a terrorism index score of 0.1 39
3.5. Benchmarking with Key Global Markets 40
3.5.1. Morocco is the fourth largest defense spender in the North African region 40
3.5.2. Moroccos military expenditure is low when compared to the largest defense spenders, but on par in comparison to other African countries 42
3.5.3. Morocco allocates a moderate percentage of its GDP to defense 43
3.6. Market Opportunities: Key Trends 44
3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023 44
4. Defense Procurement Market Dynamics 45
4.1. Import Market Dynamics 46
4.1.1. Defense imports to be driven by modernization initiatives over the forecast period 46
4.1.2. Morocco imports the majority of its arms from Europe 47
4.1.3. Ships accounted for the majority of defense imports during 2012-2016 48
4.2. Export Market Dynamics 49
4.2.1. Morocco does not export arms due to its under-developed domestic arms industry 49
5. Industry Dynamics 50
5.1. Market Regulation 50
5.1.1. Morocco does not disclose any offset obligations imposed by the country 50
5.1.2. Foreign direct investment (FDI) is determined on a case-by-case basis 50
5.2. Market Entry Route 51
5.2.1. Budgeting Process 51
5.2.2. Procurement Policy and Process 53
5.2.3. Government-to-government agreements are the preferred market entry route for foreign OEMs 53
5.2.4. Joint venture and license manufacturing agreements provide an attractive market entry route 53
6. Competitive Landscape and Strategic Insights 54
6.1. Competitive Landscape Overview 54
7. Business Environment and Country Risk 55
7.1. Economic Performance 55
7.1.1. GDP Per Capita 55
7.1.2. GDP, Current Prices 56
7.1.3. Exports of Goods and Services (current LCU Billion) 57
7.1.4. Imports of Goods and Services (current LCU Billion) 58
7.1.5. Gross National Disposable Income (US$ Billion) 59
7.1.6. Local Currency Unit per US Dollar 60
7.1.7. Market Capitalization of Listed Companies (US$ Billion) 61
7.1.8. Market Capitalization of Listed Companies (% of GDP) 62
7.1.9. Government Cash Surplus/Deficit as a Percentage of GDP (LCU) 63
7.1.10. Goods Exports as a Percentage of GDP 64
7.1.11. Goods Imports as a Percentage of GDP 65
7.1.12. Services Imports as a Percentage of GDP 66
7.1.13. Service Exports as a Percentage of GDP 67
7.1.14. Foreign Direct Investment, net (BoP, current US$ Billion) 68
7.1.15. Net Foreign Direct Investment as a Percentage of GDP 69
7.1.16. Mining, Manufacturing, Utilities Output LCU Billion 70
8. Appendix 71
8.1. About SDI 71
8.2. Disclaimer 71

List of Tables
Table 1: Moroccan Army Strength 14
Table 2: Moroccan Navy Strength 17
Table 3: Moroccan Air Force Strength 18
Table 4: Moroccan Ongoing Procurement Programs 19
Table 5: Moroccan Future Procurement Programs 19
Table 6: Moroccan Defense Expenditure (MAD Billion & US$ Billion), 2014-2023 21
Table 7: Moroccan GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2014-2023 25
Table 8: Moroccan Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023 27
Table 9: Moroccan Defense Capital Expenditure (MAD Billion & US$ Billion), 2014-2023 29
Table 10: Moroccan Per Capita Defense Expenditure (US$), 2014-2023 31
Table 11: Moroccan Homeland Security Expenditure (MAD Billion & US$ Billion), 2014-2023 32
Table 12: Terrorism Index, 2018 37
Table 13: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023 40
Table 14: Top 10 Morocco Defense Market Sectors by Value (US$ Million) - 2018-2023 44
Table 15: Moroccan Budget Formation Timetable 52
Table 16: Competitive Landscape of the Morocco Defense Industry 54

List of Figures
Figure 1: Moroccan Defense Expenditure (MAD billion), 2014-2023 22
Figure 2: Moroccan Defense Expenditure (US$ billion), 2014-2023 22
Figure 3: Moroccan GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2014-2023 26
Figure 4: Moroccan Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023 28
Figure 5: Moroccan Capital Budget Allocation (MAD Billion), 2014-2023 30
Figure 6: Moroccan Capital Budget Allocation (US$ Billion), 2014-2023 30
Figure 7: Moroccan Per Capita Defense Expenditure (US$), 2014-2023 31
Figure 8: Moroccan Homeland Security Expenditure (MAD Billion), 2014-2023 33
Figure 9: Moroccan Homeland Security Budget (US$ Billion), 2014-2023 33
Figure 10: Terrorism Heat Map, 2018 36
Figure 11: Terrorism Index, 2018 39
Figure 12: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023 41
Figure 13: Defense Expenditure of the Worlds Largest Military Spenders (US$ Billion), 2017 and 2022 42
Figure 14: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018 43
Figure 15: Moroccan Defense Import Trend (US$ million), 2012-2016 (TIV values) 46
Figure 16: Moroccan Defense Imports by Country (%), 2012-2016 47
Figure 17: Moroccan Defense Imports by Category (%), 2012-2016 48
Figure 18: Moroccan GDP Per Capita at Constant Prices (US$), 2015-2025 55
Figure 19: Moroccan GDP, Current Prices (US$ Billion), 2015-2025 56
Figure 20: Moroccan Exports of Goods and Services (current LCU Billion), 2005-2014 57
Figure 21: Moroccan Imports of Goods and Services (current LCU Billion), 2005-2014 58
Figure 22: Moroccan Gross National Disposable Income (US$ Billion), 2007-2014 59
Figure 23: Local Currency per USD, 2015-2024 60
Figure 24: Moroccan Market Capitalization of Listed Companies (US$ Billion), 2005-2012 61
Figure 25: Moroccan Market Capitalization of Listed Companies (% of GDP), 2005-2012 62
Figure 26: Moroccan Government Cash Surplus/Deficit as a % of GDP (LCU), 2005-2012 63
Figure 27: Moroccan Goods Exports as a % of GDP, 2005-2013 64
Figure 28: Moroccan Goods imports as a % of GDP, 2005-2013 65
Figure 29: Moroccan Services Imports as a % of GDP, 2005-2013 66
Figure 30: Moroccan Service Exports as a % of GDP, 2005-2013 67
Figure 31: Moroccan Foreign Direct Investment, net (BoP, current US$ Billion), 2005-2013 68
Figure 32: Moroccan Net Foreign Direct Investment as a % of GDP, 2005-2013 69
Figure 33: Moroccan Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014 70

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