Future Of The Moroccan Defense Industry-Market Attractiveness, Competitive Landscape And Forecasts To 2022 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. Morocco's 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 Dirham's (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%. Morocco's 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 government's 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 & Diesel Electric Submarine, Military-IT & Networking and Anti-Tank Missiles over the coming years. This report offers detailed analysis of the Moroccan defense industry with market size