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Summary
The Yemeni defense market will be driven by extremist infiltration, the large scale presence of groups such as radical extremists and drug traffickers, and the restructuring of military units to make the defense sector more effective and efficient. In addition, the capital expenditure allocation is anticipated to average 21.1% of the total defense budget during 2017-2021, and defense equipment procurements are expected to be in the areas of Fingerprint Recognition Biometric Technology and Unmanned Aerial vehicles (UAV's).

Key Findings
- During 2012-2016, Yemeni defense expenditure registered a growth rate of 2.67%, increasing from US$1.6 billion in 2012 to US$1.8 billion in 2016

- Military expenditure is anticipated to register a CAGR of 1.19% during 2017-2021, to value US$1.9 billion in 2021

- Belarus and Russia dominate the market and this along with the scarcity of skilled laborimpose challenges for the Yemeni defense market

- Demand for equipment is mainly expected to revolve around Fingerprint Recognition Biometric Technology and Unmanned Aerial vehicles (UAV's) during 2017-2021

Synopsis
Strategic Defence Intelligence'sreport - Future of the Yemeni Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2021 offers detailed analysis of the industry with market size forecasts from 2017-2021. This report will also analyze factors that influence demand in the industry, key market trends, and challenges faced by industry participants.In particular, it provides an in-depth analysis of the following:

- Defense industry market size and drivers: detailed analysis of the defense industry during 2017-2021, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the country's 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 the army, navy, and air force. It also details the key challenges faced by defense market participants within the country

- Porter's Five Force analysis of the defense industry: analysis of the market characteristics by determining the bargaining power of suppliers andbuyers, the threat of substitution, intensity of rivalry, and barriers to entry

- Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years

- Market opportunities: details of the top five defense investment opportunities from 2016 to 2026

- Competitive landscape and strategic insights: Including an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Reasons To Buy
- Identify and track the global defense market and make regional comparisons to effectively target new revenue streams

- Understand the importance of being led by the defense ministries in the military procurement market and define your strategies with insight on what your customers really want by analyzing recent orders, technical specifications, and the country's expected investment pattern during 2017-2021

- Make correct business decisions based on detailed analysis of the defense industry from 2017-2021,which includes the total competitive landscape of the sector with detailed profiles of the top domestic and foreign defense manufacturers along with information about their products, alliances, recent contract wins, and financial analysis

- Determine prospective investment areas by gaining an in-depth understanding of the industry in terms of market opportunities

- Channel resources by identifyingvarious military requirements that are expected to generate revenues across different sectors during 2017-2021

Table Of Contents

Future of the Yemeni Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2021
Table of Contents
1 Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. SDI Terrorism Index
1.5. About Strategic Defence Intelligence
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
3.1. Defense Market Size Historical and Forecast
3.1.1. Defense expenditure expected to grow at a CAGR of 1.19% over the forecast period
3.1.2. Threats from Al-Qaeda, rising local insurgent groups, and the military modernization program are expected to be key factors driving defense expenditure
3.1.3. Defense budget as a percentage of GDP expected to decline over the forecast period
3.2. Analysis of Defense Budget Allocation
3.2.1. Capital expenditure allocation to average 21.1% of the total budget over the forecast period
3.2.2. Capital expenditure to increase at a CAGR of 2.95% over the forecast period
3.2.3. Per capita defense expenditure expected to decrease over the forecast period
3.3. Homeland Security Market Size and Forecast
3.3.1. Homeland security budget expected to increase over the forecast period
3.3.2. Illegal drug trade, human trafficking, and civil war and local insurgencies will be the key factors driving homeland security
3.3.3. Yemen considered as 'highly affected' in terms of terrorist attack
3.4. Benchmarking with Key Global Markets
3.4.1. Yemen to remain at the bottom of the top defense spenders list
3.4.2. The country's defense budget is low compared to other Middle Eastern countries
3.4.3. Yemeni defense expenditure as a percentage of GDP expected to decrease
3.4.4. Yemen faces high threat from foreign terrorist organizations
3.5. Market Opportunities: Key Trends and Drivers
3.5.1. Fingerprint Recognition Biometric Technology
3.5.2. Demand for unmanned aerial vehicles (UAV's) to increase
4 Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Yemen's defense industry heavily relies on imports from foreign countries
4.1.2. Belarus and South Africa were the key defense suppliers to Yemen
4.1.3. Armored Vehicles and Aircraft to dominate Yemeni defense imports
4.2. Export Market Dynamics
4.2.1. Yemen's defense export market is negligible
5 Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining power of supplier: high
5.1.2. Bargaining power of buyer: medium to high
5.1.3. Barrier to entry: medium
5.1.4. Intensity of rivalry: low to medium
5.1.5. Threat of substitution: high
6 Market Entry Strategy
6.1. Market Regulation
6.1.1. The Yemeni Government does not disclose FDI in the defense industry:
6.1.2. Yemen does not disclose any offset obligations imposed by the country
6.2. Market Entry Route
6.2.1. Foreign Military Sales (FMS) is the preferred entry route
6.3. Key Challenges
6.3.1. Belarus and Russia dominate the market, posing challenges to other foreign firms
6.3.2. Scarcity of Skilled labor
7 Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Companies
7.2.1. Boeing: overview
7.2.2. Boeing: products and services
7.2.3. Boeing: recent contract wins
7.2.4. L-3 Communications Corp.: overview
7.2.5. L-3 Communications Corp.: products and services
7.2.6. L-3 Communications Corp.: recent contract wins
8 Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP per Capita
8.1.2. Gross Domestic Product
8.1.3. Exports of Goods and Services
8.1.4. Imports of Goods and Services
8.1.5. Gross National Disposable Income (US$ Billion)
8.1.6. LCU per USD (period average)
8.1.7. Goods Exports as a % of GDP
8.1.8. Goods Imports as a % of GDP
8.1.9. Services Imports as a % of GDP
8.1.10. Services Exports as a % of GDP
8.1.11. Net Foreign Direct Investment
8.1.12. Net Foreign Direct Investment as % of GDP
8.2. Minerals
8.2.1. Mining, Manufacturing, Utilities Output
9 Appendix
9.1. About SDI
9.2. Disclaimer

List of Tables
Table 1: Yemeni Defense Expenditure (US$ Billion), 2012-2016
Table 2: Yemeni Defense Expenditure (US$ Billion), 2017-2021
Table 3: Yemeni Defense Expenditure (YER Billion), 2012-2016
Table 4: Yemeni Defense Expenditure (YER Billion), 2017-2021
Table 5: Yemeni GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2012-2016
Table 6: Yemeni GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2017-2021
Table 7: Yemeni Defense Budget Split Between Capital and Revenue Expenditure (%), 2012-2016
Table 8: Yemeni Defense Budget Split Between Capital and Revenue Expenditure (%), 2017-2021
Table 9: Yemeni Defense Capital Expenditure (US$ Million), 2012-2016
Table 10: Yemeni Defense Capital Expenditure (US$ Million), 2017-2021
Table 11: Yemeni Defense Capital Expenditure (YER Billion), 2012-2016
Table 12: Yemeni Defense Capital Expenditure (YER Billion), 2017-2021
Table 13: Yemeni Per Capita Defense Expenditure (US$), 2012-2016
Table 14: Yemeni Per Capita Defense Expenditure (US$), 2017-2021
Table 15: Yemeni Homeland Security Budget (US$ Million), 2012-2016
Table 16: Yemeni Homeland Security Budget (US$ Million), 2017-2021
Table 17: Yemeni Homeland Security Budget (YER Billion), 2012-2016
Table 18: Yemeni Homeland Security Budget (YER Billion), 2017-2021
Table 19: Benchmarking with Key Markets - 2012-2016 vs. 2017-2021
Table 20: Terrorism Index
Table 21:Boeing - Product focus
Table 22:Boeing - Recent Contract Wins
Table 23:L-3 Communications Corp.- Product focus
Table 24:L-3 Communications Corp. - Recent Contract Wins

List of Figures
Figure 1: Yemeni Defense Expenditure (US$ Billion), 2012-2016
Figure 2:Yemeni Defense Expenditure (US$ Billion), 2017-2021
Figure 3: Yemeni Defense Expenditure (YER Billion), 2012-2016
Figure 4: Yemeni Defense Expenditure (YER Billion), 2017-2021
Figure 5: Yemeni GDP Growth vs. Defense Expenditure Growth and Defense Expenditures Percentage of GDP Growth, 2012-2016
Figure 6: Yemeni GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2017-2021
Figure 7: Yemeni Defense Budget Split Between Capital and Revenue Expenditure (%), 2012-2016
Figure 8:Yemeni Defense Budget Split Between Capital and Revenue Expenditure (%), 2017-2021
Figure 9: Yemeni Defense Capital Expenditure (US$ Million), 2012-2016
Figure 10: Yemeni Defense Capital Expenditure (US$ Million), 2017-2021
Figure 11: Yemeni Defense Capital Expenditure (YER Billion), 2012-2016
Figure 12: Yemeni Defense Capital Expenditure (YER Billion), 2017-2021
Figure 13: Yemeni Per Capita Defense Expenditure (US$), 2012-2016
Figure 14: Yemeni Per Capita Defense Expenditure (US$), 2017-2021
Figure 15: Yemeni Homeland Security Budget (US$ Million), 2012-2016
Figure 16: Yemeni Homeland Security Budget (US$ Million), 2017-2021
Figure 17: Yemeni Homeland Security Budget (YER Billion), 2012-2016
Figure 18: Yemeni Homeland Security Budget (YER Billion), 2017-2021
Figure 19: Terrorism Heat Map, 2016
Figure 20: Terrorism Index, 2016
Figure 21: Benchmarking with Key Markets - 2012-2016 vs. 2017-2021
Figure 22: Benchmarking with World's Largest Defense Spenders (US$ Billion), 2016 and 2021
Figure 23: Benchmarking with Large Defense Spenders as % of GDP - 2016
Figure 24: Yemeni Defense Import Trend, 2011-2015 (TIV values)
Figure 25: Yemeni Defense Imports by Country (%), 2011-2015
Figure 26: Yemeni Defense Imports by Weapon Category (%), 2011-2015
Figure 27: Industry Dynamics - Porter's Five Forces Analysis
Figure 28: Yemeni GDP per Capita (US$), 2016-2025
Figure 29: Yemeni GDP (current US$ bn), 2016-2025
Figure 30: Yemeni Exports of Goods and Services (current US$ Bn), 2000-2006
Figure 31: Yemeni Imports of Goods and Services (current US$ Bn), 2000-2006
Figure 32: Gross National Disposable Income (USD Billion), 2000-2012
Figure 33: Yemeni LCU per USD, 2016-2025
Figure 34: Yemeni Goods Exports as a % of GDP, 2005-2013
Figure 35: Yemeni Goods Imports as a % of GDP, 2005-2013
Figure 36: Yemeni Services Imports as a % of GDP, 2001-2010
Figure 37: Yemeni Services Exports as a % of GDP, 2005-2012
Figure 38: Yemeni Net Foreign Direct Investment (US$ Bn), 2005-2013
Figure 39: Yemeni Net Foreign Direct Investment as % of GDP, 2005-2013
Figure 40: Mining, Manufacturing, Utilities Output (in Millions), 2005-2014

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