Analysis of Defence Sector in Iran (2018-2023)
After the revolution of 1979 and the war with Iraq, Iran faced massive demand for defense equipment. The situation worsened considerably because of the sanctions imposed on it and importing arms and ammunition became very tough. Due to compulsion Iran had to put major focus on the defense industry and as a result it has made giant strides over the last 2 decades. Iran’s defense industry has developed so much that it develops even its own Submarines, Fighter Jets and Unmanned Combat Aerial Vehicles. In contrast Saudi Arabia which is the world’s largest defense importer currently does not have a single large submarine. While most of its peers are major importers of arms Iran exports its weapons to over 50 countries, a statistic which bears testament to its impressive defense capabilities.
Despite the advanced nature of the Iranian Defense Industry, it still lags behind the world’s leaders in defense technology like United States, Europe, and Russia by a fair margin. Many of its products are actually reverse engineered and are of much lower quality than the competition. Also since they are reverse engineered, some of the weapons are based on defense technology’s which date back to the Iran –Iraq war which raises serious concerns about the current effectiveness of conventional Iran military strength.
This fact provides global defense players huge opportunities in the Defense industry of Iran. Russia has been one of the first movers and has lifted its weapons export ban on Iran and is now going ahead with the sale of the S-300 Missile system to Iran. Iran surprisingly the only current foreign customer for the F 14 Tomcat, will not be able to access United States weapons, hence companies belonging to other countries have a very good chance to capture market in the very promising market. The Defense Market in Iran is expected to grow at a CAGR of XX.XX% till 2020.
What the report offers
The study elucidates the situation of Iran and predicts the growth of its Defense Market. Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Defense Sector Of Iran. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by Infantry Weapons, Vehicles, Fighter Aircraft, Other Fixed Wing Aircraft, Helicopters, Submarines, Ships and Missile Systems.