Morocco Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2024-2029 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
Since 2020, Morocco has increased its defense budget and will continue to do so through 2029. In 2024, the defense budget reached $6.5 billion, equating to a yearly increase of 3.6%. In the coming years (2025-2029), Morocco is expected to raise its defense budget from $6.5 billion in 2024 to $7.1 billion in 2029. In the forecast period (2025-2029) defense expenditure will grow with a CAGR of 1.9% to help the Moroccan military defend against its perceived threats.
Since 2020, Morocco has increased its defense budget and will continue to do so through 2029. In 2024, the defense budget reached $6.5 billion, equating to a yearly increase of 3.6%. In the coming years (2025-2029), Morocco is expected to raise its defense budget from $6.5 billion in 2024 to $7.1 billion in 2029. In the forecast period (2025-2029) defense expenditure will grow with a CAGR of 1.9% to help the Moroccan military defend against its perceived threats.
Key Highlights
- Modernization of equipment and an ongoing strategic competition with Algeria are key factors driving defense expenditure
- Major ongoing procurement program include procurement of AH-64E Apache, F-16C/D, MIM-104 Patriot
Scope
- This report offers a detailed analysis of Morocco's defense market, with market size forecasts covering the next five years. It also offers insights into the strategy, security environment and defense market dynamics of the country. Various sections covered in the report are as follows:
- Defense Budget Assessment: This chapter covers the defense budgeting process, market size forecasts, drivers of expenditure, and allocation analysis. It also examines key market trends and insights.
- Military Doctrine and Security Environment: Detailed analysis of military doctrine, strategic alliances, geopolitical dynamics, and the political, social, and economic factors influencing the security environment.
- Market Entry Strategy and Regulations: This section elaborates on essential aspects of procurement policy and market regulations, market entry routes, key defense procurement bodies and major deals.
- Market attractiveness and emerging opportunities: It evaluates the attractiveness of various defense sectors, indicating cumulative market value, and highlights the top sectors and defense segments by value in the country.
- Defense Platforms Import and Export Dynamics: Provides an understanding of the defense platform imports and exports of the country from 2016 to 2023. Both imports and exports of the country are provided in terms of value ($M) and volume (units), categorized by country and sector.
- Defense Platform Acquisitions: It offers an overview of defense platform acquisitions by value. It lists current defense procurement schedules for the major ongoing and planned military platforms that have been formulated in the country and elaborates on the reasons leading to the procurement of the same.
- Fleet Size: Outlines the current fleet sizes of the Army, Air Force, and Navy, detailing the year of acquisition, units in service, and the prime contractor for the equipment.
- Competitive Landscape: Profiles the main defense companies operating in the country, offering insights into their business overviews, latest contracts, and financial results.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the Morocco defense market over the next five years
- Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Morocco market and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
- Identify the major threats that are driving the Morocco defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channel resources by focusing on the ongoing programs that are being undertaken by the Morocco government
- Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available
Table of Contents
- Executive Summary
- Budgetary Assessment
- Key Market Data
- Key Market Dynamics
- Defense Budget Assessment
- Budgeting Process
- Defense Market Size (Historical and Forecast)
- Drivers of Defense
- Expenditure Defense Budget
- Breakdown Analysis of Defense Budget Allocation
- Key Market Trends and Insights Military Doctrine and Security Environment
- Military Doctrine and Strategy
- Strategic Alliance and Geopolitics Political
- Social and Economic Scenario
- Market Entry Strategy and Regulations
- Defense Procurement Bodies
- Funding Opportunities
- Trade Associations and Defense Clusters
- Types of Contract and Opportunities
- Procurement Policy and Market Regulations
- Market Entry Routes
- Key Challenges
- Major M&A
- Financing and Partnerships of Morocco Defense Market
- Market Attractiveness and Emerging Opportunities
- Market Attractiveness by Defense Sectors Chart
- Market Attractiveness by Defense Sectors
- Defense Platforms Import and Export Dynamics
- Defense Platforms Import Dynamics
- Defense Platform Acquisitions
- Defense Platform Acquisitions by Value
- Fleet Size
- Army
- Navy
- Air Force
- Competitive Landscape
- Appendix
- About this report
- About the Analyst
- Contact the Publisher
Table 1: Defense expenditure breakdown in $ billion
Table 2: Defense expenditure breakdown in MAD billion
Table 3: Types of Moroccan Procurement Procedure
Table 4: Major M&A Financing and Partnerships of Morocco Defense Market
Table 5: Top Defense Segments by Value ($ million)
Table 6: Value of equipment imported between 2016 to 2023 ($M)
Table 7: Value of equipment imported between 2016 to 2023 (Units)
Table 8: Defense platform acquisitions by value
Table 9: AH-64E Apache
Table 10: F-16C/D
Table 11: Diesel Electric Submarines
Table 12: T-129 ATAK
Table 13: Frégate Européen Multi-missions (FREMM)
Table 14: Army
Table 15: Navy
Table 16: Air Force
Table 17: Defense Companies operating in Morocco
List of Figures
Figure 1: Morocco’s total defense budget ($B) and growth rate (%) 2020-29
Figure 2: Defense expenditure as a percentage (%) of GDP and per capita ($)
Figure 3: Key Market Data
Figure 4: Key Market Dynamics
Figure 5: Budget formulation and enactment process
Figure 6: Morocco’s defense budget breakdown ($B) 2020-29
Figure 7: Morocco’s defense budget as a percentage of GDP 2020-29
Figure 8: Morocco’s defense budget per capita ($) 2020-29
Figure 9: Market attractiveness by defense sectors ($ million) 2024-29
Figure 10: Morocco’s defense imports by sector ($M) 2016-23
Figure 11: Morocco’s defense imports by country ($M) 2016-23
Figure 12: Morocco’s defense imports by Value ($M) 2016-23
Figure 13: Morocco’s defense imports by sector (Units) 2016-23
Figure 14: Morocco’s defense imports by country (Units) 2016-23
Figure 15: Morocco’s defense imports by Value (Units) 2016-23
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ATLAN Space,
- Eads Maroc Aviation S.A.
- Morocco Aero Technical Interconnect Systems S.A.
- Safran Aircraft Engine Services Morocco,
- Safran Nacelles Morocco,
- Lockheed Martin Corp,
- RTX Corp,
- The Boeing Co
