The Gulf region is well positioning itself on the world stage when it comes to acquiring defensive air capabilities.
A Frost & Sullivan report shows that the Middle East's military air market is set to generate revenues of $62.9 billion (Dh230.84 billion) between 2010 and 2020, the summary report published this week said.
Analysis from Frost & Sullivan has also shown that the Mideast's military air market would earn year-on-year revenues of $1.2 billion in 2010 which is estimated to reach $3.9 billion by 2020.
"The Gulf Cooperation Council [GCC] countries are moving towards an integrated air defence network to include air platforms, air defence batteries and air surveillance systems under the Peninsula Shield initiative, but the progress has been slow," a Frost & Sullivan aerospace analyst said.
Sabbir Ahmad, an industry analyst in Aerospace and Defence Practice at Frost & Sullivan, explained to Gulf News that this integrated air defence network, which is mainly happening between Saudi Arabia and the UAE, would start with a shared air defence and air missile system, and could in the future include a whole different range of platforms.
The new procurement surge over 2011-2015 highlights ongoing big-ticket purchases, particularly in Saudi Arabia and the UAE.
However, the current political unrest in the Middle East may be a reason to possibly put new contracts on hold, he said.
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