Saudi Arabia Defense Market by Types (Personnel Training, Simulations, and Protection Equipment, Communication Systems, Weapons and Ammunitions [Artillery and Mortar Systems, Infantry Weapons, Missile and Missile Defense Systems, Ammunitions], Vehicles [Land-based Vehicles, Sea-based Vehicles, Air-based Vehicles]), and Country - Saudi Arabia Industry Analysis, Growth, Share, Size, Trends and Forecast 2021 – 2028
The Saudi Arabia defense market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing defense acquisitions.
Saudi Arabia is the country in the Gulf region with a population of 33 million, and the biggest economy in the Arab World with a GDP of USD 782 billion. It is the only G-20-part country in the Middle East The Saudi Arabian Government (SAG) exercises control over economic activities and financial exercises of the nation's oil-based economy. Saudi Arabia holds 16% of the world's proven petrol reserve. It’s one of the world's biggest producer and exporter of unrefined petroleum, and is an enormous oil purifier and producer of natural gas. As indicated by Forbes Magazine, oil represents approximately 87% of budget revenues, 32% of GDP, and 81% of export profit.
Saudi Arabia strategies focus on drawing new foreign ventures, which were part of the talks at the Future Investment Initiative discussion held in Riyadh in October of 2019. 300 worldwide venture chiefs and policymakers joined at the event. Saudi Arabia declared marking of $20 billion in investment deals during the event, including huge arrangements among Saudi Arabia- and the US-based organizations. The market in Saudi Arabia is anticipated to expand at a high CAGR share during the forecast period owing to increasing defense budgets and modernization plans in emerging such as Middle East-based countries.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid growth in the external security requirements is expected to boost the defense market growth.
- Increase in demand for UAV'S is one of the key factors driving the market expansion during the market in the coming years.
- The high adoption of advanced technology is one of the major factors spurring the market in the country.
- Growing security threats in Saudi Arabia is spurring the development of the market.
- Fluctuation in oil prices can hinder the growth of the market.
- Rising allocation towards defense budget is estimated to accelerate the growth of the market.
- Growing modernization of the navy fleet is expected to create lucrative opportunities during the forecast period.
Scope of the Report
The report on the Saudi Arabia defense market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Saudi Arabia Defense Market - Saudi Arabia Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
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Segmentation |
Types (Personnel Training, Simulations, and Protection Equipment, Communication Systems, Weapons and Ammunitions [Artillery and Mortar Systems, Infantry Weapons, Missile and Missile Défense Systems, Ammunitions], Vehicles [Land-based Vehicles, Sea-based Vehicles, Air-based Vehicles]) |
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Country Scope |
Saudi Arabia |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Saudi Arabian Military Industries; BAE System PLC; Lockheed Martin Corporation; The Boeing Company and Raytheon Technologies Corporation. |
Defense Market Segment Insights
Vehicles segment is expected to grow at a rapid pace
Based on types, the market is divided into personnel training, simulations, and protection equipment, communication systems, weapons and ammunitions, and vehicles. The weapons and ammunitions segment is further classified as artillery and mortar systems, infantry weapons, missile and missile defense systems, and ammunitions. The vehicles segment is further classified as land-based vehicles, sea-based vehicles, and air-based vehicles. The vehicles segment is estimated to account for a significant share of the market due to increasing number of unmanned combat aircraft, multi-mission tactical vehicles, and better-armed protective vehicles, which represent unmet requirements that are likely to be the driving forces in the defense industry. The industry is highly consolidated in terms of suppliers and buyers, and is highly dependent on government spending.
The weapons and ammunitions segment is anticipated to grow at a rapid pace during the forecast period. Increasing demand for advanced ammunition to strengthen the defense is propelling the segment growth.
Segments
The Saudi Arabia defense market has been segmented on the basis of
Types
- Personnel Training, Simulations
- Protection Equipment
- Communication Systems
- Weapons and Ammunitions
- Artillery and Mortar Systems
- Infantry Weapons
- Missile and Missile Defense Systems
- Ammunitions
- Vehicles
- Land-based Vehicles
- Sea-based Vehicles
- Air-based Vehicles
Country
-
Saudi Arabia
Key Players
- Saudi Arabian Military Industries
- BAE System PLC
- Lockheed Martin Corporation
- The Boeing Company
- Raytheon Technologies Corporation
Competitive Landscape
Key players competing in the Saudi Arabia defense market are Saudi Arabian Military Industries; BAE System PLC; Lockheed Martin Corporation; The Boeing Company and Raytheon Technologies Corporation.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Defense Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Defense Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Defense Market - Supply Chain
4.5. Global Defense Market Forecast
4.5.1. Defense Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Defense Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Defense Market Absolute $ Opportunity
5. Global Defense Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Defense Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Defense Demand Share Forecast, 2019-2026
6. North America Defense Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Defense Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Defense Demand Share Forecast, 2019-2026
7. Latin America Defense Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Defense Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Defense Demand Share Forecast, 2019-2026
8. Europe Defense Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Defense Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Defense Demand Share Forecast, 2019-2026
9. Asia Pacific Defense Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Defense Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Defense Demand Share Forecast, 2019-2026
10. Middle East & Africa Defense Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Defense Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Defense Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Defense Market: Market Share Analysis
11.2. Defense Distributors and Customers
11.3. Defense Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
2. Assumptions and Acronyms Used
3. Research Methodology
4. Defense Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Defense Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Defense Market - Supply Chain
4.5. Global Defense Market Forecast
4.5.1. Defense Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Defense Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Defense Market Absolute $ Opportunity
5. Global Defense Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Defense Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Defense Demand Share Forecast, 2019-2026
6. North America Defense Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Defense Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Defense Demand Share Forecast, 2019-2026
7. Latin America Defense Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Defense Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Defense Demand Share Forecast, 2019-2026
8. Europe Defense Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Defense Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Defense Demand Share Forecast, 2019-2026
9. Asia Pacific Defense Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Defense Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Defense Demand Share Forecast, 2019-2026
10. Middle East & Africa Defense Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Defense Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Defense Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Defense Market: Market Share Analysis
11.2. Defense Distributors and Customers
11.3. Defense Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
The Saudi Arabia defense market has been segmented on the basis of
Types
- Personnel Training, Simulations
- Protection Equipment
- Communication Systems
- Weapons and Ammunitions
- Artillery and Mortar Systems
- Infantry Weapons
- Missile and Missile Defense Systems
- Ammunitions
- Vehicles
- Land-based Vehicles
- Sea-based Vehicles
- Air-based Vehicles
Country
-
Saudi Arabia
Key Players
- Saudi Arabian Military Industries
- BAE System PLC
- Lockheed Martin Corporation
- The Boeing Company
- Raytheon Technologies Corporation
Key players competing in the Saudi Arabia defense market are Saudi Arabian Military Industries; BAE System PLC; Lockheed Martin Corporation; The Boeing Company and Raytheon Technologies Corporation.
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