How is the UAE Defense Market developing in 2022 and beyond?
By GlobalData
The UAE's defense expenditure recorded an overall contraction of 0.7% between 2018 and 2022 and amounted to $22.5 billion in 2022. Defense expenditure over 2018-22 was driven by the UAE’s involvement in Yemen’s civil war and attempts to suppress insurgent activities and terrorism, in support of its ally Saudi Arabia.
However, over the forecast period, the UAE’s expenditure is expected to reach $28.6 billion in 2027, growing at a CAGR of 4.8%.
GlobalData’s UAE Defense Market (2022) Free Report offers a detailed analysis of the UAE defense market, with market size forecasts covering the next five years. This report analyzes factors that are influencing demand, as well as key market trends.
The market is changing, and its important to stay informed if you want to make gains. This report’s key offerings include:
- Up-to-date overview of the events of the Yemen civil war
- Outlook reports for the forecast period
- Detailed analysis of UAE FY2022 defense budget, broken down into market size and market share