Future of the Moroccan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022

Summary
 
 The Future of the Moroccan 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.
 
 Key Findings
 
 - Moroccos defense expenditure decreased from US$3.8 billion in 2013 to US$3.4 billion in 2017, at a CAGR of -2.80%. The decline in defense spending is primarily attributed to the drop-in exchange rates of Moroccan Dirhams (MAD) with respect to US dollars. The country consistently imports advanced arms and ammunitions such as fighter and training aircraft, ships, missiles, tanks, and frigates to strengthen its armed forces; a trend expected to continue over the forecast period. The defense budget is expected to increase from US$3.5 billion in 2018 to US$3.9 billion by 2022, reflecting a CAGR of 2.80%. Moroccos future procurement plan includes warplanes, helicopters, submarines, radar systems, and naval vessels.
 - On a cumulative basis, the country is expected to invest US$18.6 billion for defense purposes, of which US$5.7 billion is earmarked for capital expenditure to fund defense procurements. The governments well-defined military modernization plans to counter influence of Algeria are expected to corner significant part of investment. 
 - The MoD is expected to invest in fighters and Diesel Electric Submarine, Military-IT and Networking and Anti-Tank Missiles over the coming years.
 
 Synopsis
 
 This report offers detailed analysis of the Moroccan 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 Moroccan defense industry market size and drivers: detailed analysis of the Moroccan defense industry during 2018-2022, 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. It also details the key challenges faced by defense market participants within the country
 - Porters Five Force analysis of the Moroccan defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry 
 - Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years 
 - Market opportunities: details of the top five defense investment opportunities over the next 10 years
 - Competitive landscape and strategic insights: analysis of the competitive landscape of the Moroccan defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis
 
 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 Moroccan defense industry covering sections including demand drivers, Porters Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts
 
  

 1 Introduction
 1.1. What is this Report About?
 1.2. Definitions
 1.3. Summary Methodology
 1.4. About Strategic Defence Intelligence
 2 Executive Summary
 3 Market Attractiveness and Emerging Opportunities
 3.1. Current Market Scenario
 3.1.1. Primary threat perception
 3.1.2. Military Doctrine and Strategy
 3.1.3. Military Fleet Size
 3.1.4. Procurement Programs
 3.1.4.1. Ongoing procurement programs
 3.1.4.2. Future procurement programs
 3.1.5. Social, Political and Economic Environment and Support for Defense Projects
 3.1.6. Political and Strategic Alliances
 3.2. Defense Market Size Historical and Forecast
 3.2.1. Moroccan defense budget is expected to register a CAGR of 2.80% over the forecast period
 3.2.2. Counter-terrorism, border security, and the need to modernize outdated defense equipment to drive Moroccos defense expenditure
 3.2.3. Defense expenditure as a percentage of GDP is expected to average 2.7% over the forecast period
 3.3. Analysis of Defense Budget Allocation
 3.3.1. Share of capital expenditure expected to increase over the forecast period
 3.3.2. Capital expenditure expected to grow at a CAGR of 2.65% over the forecast period
 3.3.3. Per capita defense expenditure expected to increase during the forecast period
 3.4. Homeland Security Market Size and Forecast
 3.4.1. Moroccan homeland security expenditure expected to increase at a CAGR of 7.88%
 3.4.2. Human trafficking, drug smuggling, and cybercrime form the major components of homeland security expenditure
 3.4.3. Morocco is at some risk from external and internal threats
 3.4.4. Morocco faces some level of threat from foreign terrorist organizations
 3.4.5. Morocco has a terrorism index score of 0.9
 3.5. Benchmarking with Key Global Markets
 3.5.1. Morocco is the fourth largest defense spender in the North African region
 3.5.2. Moroccos military expenditure is low when compared to the largest defense spenders but on par in comparison to the other African countries
 3.5.3. Morocco allocates a moderate percentage of GDP to defense
 3.6. Market Opportunities: Key Trends and Growth Stimulators
 3.6.1. Diesel Electric Submarine
 3.6.2. Military IT-Networking
 3.6.3. Anti-Tank Missiles
 4 Defense Procurement Market Dynamics
 4.1. Import Market Dynamics
 4.1.1. Defense imports to be driven by modernization initiatives over the forecast period
 4.1.2. Morocco imports majority of arms from Europe
 4.1.3. Aircraft accounted for the majority of defense imports during 2011-2015
 4.2. Export Market Dynamics
 4.2.1. Morocco does not export arms due to its under-developed domestic arms industry
 5 Industry Dynamics
 5.1. Five Forces Analysis
 5.1.1. Bargaining power of the supplier: medium to high
 5.1.2. Bargaining power of the buyer: low to medium
 5.1.3. Barrier to entry: medium to high
 5.1.4. Intensity of rivalry: medium
 5.1.5. Threat of substitution: medium
 6 Market Entry Strategy
 6.1. Budgeting Process
 6.2. Procurement Policy and Process
 6.3. Market Regulation
 6.3.1. Morocco does not disclose any offset obligations imposed by the country
 6.3.2. Foreign direct investment (FDI) is determined on a case-to-case basis
 6.4. Market Entry Route
 6.4.1. Government-to-government agreements are the preferred market entry route for foreign OEMs
 6.4.2. Joint venture and license manufacturing agreements provide an attractive market entry route
 6.5. Key Challenges
 6.5.1. Corruption and lack of transparency characterize the Moroccan defense industry
 6.5.2. Domination of companies from the US and Europe poses a challenge to other foreign firms
 7 Competitive Landscape and Strategic Insights
 7.1. Competitive Landscape Overview
 7.1.1. Foreign suppliers manufacture defense systems overseas and deliver to Morocco
 7.2. Key Domestic Companies
 7.2.1. Lockheed Martin Corp.: overview
 7.2.2. Lockheed Martin Corp.: products and services
 7.2.3. Lockheed Martin Corp.: recent announcements and strategic initiatives
 7.2.4. Lockheed Martin Corp.: recent contract wins
 7.2.5. Raytheon: overview
 7.2.6. Raytheon: products and services
 7.2.7. Raytheon: recent announcements and strategic initiatives
 7.2.8. Raytheon: recent contract wins
 7.2.1. Damen Schelde Naval Shipbuilding: Overview
 7.2.2. Damen Schelde Naval Shipbuilding: products and services
 7.2.3. Damen Schelde Naval Shipbuilding: recent announcements and strategic initiatives
 7.2.4. Damen Schelde Naval Shipbuilding: recent contract wins
 8 Business Environment and Country Risk
 8.1. Economic Performance
 8.1.1. GDP Per Capita
 8.1.2. GDP, Current Prices
 8.1.3. Exports of goods and services (current LCU Bn)
 8.1.4. Imports of goods and services (current LCU Bn)
 8.1.5. Gross National disposable income (USD Bn)
 8.1.6. Local Currency Unit per US Dollars
 8.1.7. Market capitalization of listed companies (US$ Bn)
 8.1.8. Market capitalization of listed companies (% of GDP)
 8.1.9. Government cash surplus/deficit as % of GDP (LCU)
 8.1.10. Goods exports as a % of GDP
 8.1.11. Goods imports as a % of GDP
 8.1.12. Services imports as a % of GDP
 8.1.13. Service exports as a % of GDP
 8.1.14. Foreign direct investment, net (BoP, current US$ Bn)
 8.1.15. Net foreign direct investment as % of GDP
 8.1.16. Mining, Manufacturing, Utilities Output LCU Billion
 9 Appendix
 9.1. About SDI
 9.2. Disclaimer

List Of Tables

 Table 1: Moroccan Army Strength
 Table 2: Moroccan Navy Strength
 Table 3: Moroccan Air Force Strength
 Table 4: Moroccan Ongoing Procurement Programs
 Table 5: Moroccan Future Procurement Programs
 Table 6: Moroccan Defense Expenditure (MAD billion and US$ billion), 2013-2022
 Table 7: Moroccan GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2013-2022
 Table 8: Moroccan Defense Budget Split Between Capital and Revenue Expenditure (%),2013-2022
 Table 9: Moroccan Defense Capital Expenditure (MAD Billion and US$ Billion), 2013-2022
 Table 10: Moroccan Per Capita Defense Expenditure (US$), 2013-2022
 Table 11: Moroccan Homeland Security Expenditure (MAD Billion and US$ Billion), 2013-2022
 Table 12: Terrorism Index, 2017
 Table 13: Benchmarking with Key Markets - 2011-2015 vs. 2016-2020
 Table 14: Moroccan Budget Process
 Table 15: Lockheed Martin Corp.- Product Focus
 Table 16: Lockheed Martin Corp - Contracts
 Table 17: Raytheon - product focus
 Table 18: Raytheon - contracts
 Table 19: Damen Schelde Naval Shipbuilding- Product focus
 Table 20:Damen Schelde Naval Shipbuilding - Contracts

List Of Figures

 Figure 1: Moroccan Defense Expenditure (MAD billion), 2013-2022
 Figure 2: Moroccan Defense Expenditure (US$ billion), 2013-2022
 Figure 3: Moroccan GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2013-2022
 Figure 4: Moroccan Defense Budget Split Between Capital and Revenue Expenditure (%), 2013-2022
 Figure 5: Moroccan Capital Budget Allocation (MAD Billion), 2013-2022
 Figure 6: Moroccan Capital Budget Allocation (US$ Billion), 2013-2022
 Figure 7: Moroccan Per Capita Defense Expenditure (US$), 2013-2022
 Figure 8: Moroccan Homeland Security Expenditure (MAD Billion), 2013-2022
 Figure 9: Moroccan Homeland Security Budget (US$ Billion), 2013-2022
 Figure 10: Terrorism Heat Map, 2017
 Figure 11: Terrorism Index, 2017
 Figure 12: Benchmarking with Key Markets - 2013-2017 vs. 2018-2022
 Figure 13: Defense Expenditure of the Worlds Largest Military Spenders (US$ Billion), 2017 and 2022
 Figure 14: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2017
 Figure 15: Moroccan Diesel Electric Submarine Market Size (US$ Million), 2017-2020
 Figure 16: Moroccan Military-IT Networking Market Size (US$ Million), 2017-2027
 Figure 17: Moroccan Anti-Tank Missiles Market Size (US$ Million), 2017-2027
 Figure 18: Moroccan Defense Import Trend (US$ million), 2011-2015 (TIV values)
 Figure 19: Moroccan Defense Imports by Country (%), 2011-2015
 Figure 20: Moroccan Defense Imports by Category (%), 2011-2015
 Figure 21: Industry Dynamics Porters Five Forces Analysis
 Figure 22: Moroccan GDP Per Capita at Constant Prices (US$), 2015-2025
 Figure 23: Moroccan GDP, Current Prices (US$ Billion), 2015-2025
 Figure 24: Moroccan Exports of goods and services (current LCU Bn), 2005-2014
 Figure 25: Moroccan Imports of goods and services (current LCU Bn), 2005-2014
 Figure 26: Moroccan Gross National disposable income (USD Bn), 2007-2014
 Figure 27: Local Currency per USD, 2015-2024
 Figure 28: Moroccan Market capitalization of listed companies (US$ Bn), 2005-2012
 Figure 29: Moroccan Market capitalization of listed companies (% of GDP), 2005-2012
 Figure 30: Moroccan Government cash surplus/deficit as % of GDP (LCU), 2005-2012
 Figure 31: Moroccan Goods exports as a % of GDP, 2005-2013
 Figure 32: Moroccan Goods imports as a % of GDP, 2005-2013
 Figure 33: Moroccan Services imports as a % of GDP, 2005-2013
 Figure 34: Moroccan Service exports as a % of GDP, 2005-2013
 Figure 35: Moroccan Foreign direct investment, net (BoP, current US$ Bn), 2005-2013
 Figure 36: Moroccan Net foreign direct investment as % of GDP, 2005-2013
 Figure 37: Moroccan Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

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