New Report Available: Iran Defence & Security Report 2016

From: Fast Market Research, Inc.
Published: Mon Jun 13 2016

The removal of most sanctions against Iran facilitates a return to economic growth; however, recovery will be slow, and Tehran's military spending will therefore remain modest on a regional comparison in the short- to medium-term. That said, demand for defence equipment will stay strong, as Iran continues to provide assistance to Shi'a groups across the region; seeks to narrow the gap to rival Saudi Arabia's more technologically advanced military; and invests in weapons systems to protect against a potential US/Israeli attack. Meanwhile, the government remains committed to achieving its goal of military self-sufficiency, and will likely seek offsets through any defence import deals over the coming decade. Externally, Russia and China appear best placed to capture large shares of the Iranian defence market over our forecast period to 2025, as arms embargoes still remain in place for Western suppliers.

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