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Saudi Arabia Defense Market 2019 in-Depth Analysis by Market Size, Share, Key Players, and Regions, Business Expansion Plans Covered Forecast till 2024

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The primary goal of this Saudi Arabia Defense Market report is to maintain the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the Saudi Arabia Defense market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the market. The impact of prevailing regulatory scenario on both regional and worldwide Saudi Arabia Defense market is provided in detail in the report.

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Key Market Trends:

Increasing terrorist activities and geopolitical conflicts in the neighbouring countries driving the growth of the market

Countries in the Middle East, like Iran, Libya, Syria, and Iraq, are experiencing continuous terrorist activities. Additionally, Saudi Arabia’s neighboring countries are facing many geopolitical conflicts. The country is actively participating in the conflicts of Yemen. Moreover, Saudi has conflicts with Iran and Qatar. The aforementioned factors have led to the country spending huge amounts on its defense. Although the defense spending reduced in the recent past, the country was still among the top defense spenders, ly. This can be attributed to the country’s ambitions to make its military stronger, and be the region’s defense powerhouse.

The Vehicles Segment is Expected to Register the Highest Growth, during the Forecast Period

Saudi’s aggressive procurement of armaments and military vehicles is expected to be a huge growth driver for the market. The value of deliveries of military goods and services to Saudi Arabia from the United States alone, in 2017, was around USD 6.2 billion. Saudi Arabia was the second-largest arms importer in the world, during 1998-2017. There was a steep increase in the volume of arms imports in 2013-2017, which is a lot higher than those of the other countries in the Gulf region. The country is also procuring air- and land-based vehicles on a large scale. From 2016, the F-15S aircraft are being replaced by F-15SA aircraft. Also, the country is procuring large quantities of ordnance for the F-15SA aircraft from the United States. In March 2018, BAE Systems had agreed on a provisional sale of 48 Typhoon jets to the country. Saudi Arabia’s land and naval forces are continuously being improved. For example, during 2013-2017, the country received over 3,000 armored vehicles from Austria, Canada, France, Georgia, South Africa, Turkey, and the United States.

Saudi Arabia Defense Market Covers Key Players:

  • Saudi Arabian Military Industries
  • Advanced Electronics Company Limited
  • Lockheed Martin Corporation
  • The Boeing Company
  • BAE Systems PLC
  • Raytheon Company
  • Northrop Grumman Corporation
  • General Dynamics
  • Airbus SE
  • United Technologies Corporation
  • Leonardo SpA
  • Thales Group

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    Geographical Landscape:

    This Report Focuses on the Saudi Arabia Defense in the market, especially in North America, China, Europe, Japan, Southeast Asia, India. This report categorizes the market based on manufacturers, regions, type, and application

    Market Overview:

  • The Saudi Arabia defense market is expected to register a CAGR of over 2%, during the forecast period.
  • The country is one of the biggest military spenders in the world, and the biggest importer of arms from the United States. The high defense spending of the country, due to its robust economy and high GDP, has made the market lucrative for several local and foreign players.
  • Raising political tensions in the Middle East has led the country to invest more in the defense sector. A high amount of wealth in the country makes it an attractive place for illegal activities. Due to such factors, the Saudi Arabian government has plans to modernize its military by 2030.
  • However, in the past two years, the government has reduced its defense spending to focus more on the education sector. Such a move in the future may hamper the growth of the market, to a certain ext

    Report Highlights:

    – The report provides a detailed analysis on current and future market trends to identify the investment opportunities

    – Market forecasts till 2024, using estimated market values as the base numbers

    – Key market trends across the business segments, Regions and Countries

    – Key developments and strategies observed in the market

    – Market Dynamics such as Drivers, Restraints, Opportunities and other trends

    – In-depth company profiles of key players and upcoming prominent players

    – Growth prospects among the emerging nations through 2024

    – Saudi Arabia Defense Market opportunities and recommendations for new investments

    Price Of Report: $ 3250 (SUL)

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    Detailed TOC of Saudi Arabia Defense Market Research Report 2019 – 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 PESTLE Analysis

    5 MARKET SEGMENTATION
    5.1 Type
    5.1.1 Personnel Training and Protection
    5.1.1.1 Training and Simulation
    5.1.1.2 Protection Equipment
    5.1.2 Communication Systems
    5.1.3 Weapons and Ammunition
    5.1.3.1 Artillery and Mortar Systems
    5.1.3.2 Infantry Weapons
    5.1.3.3 Missiles and Missile Defense System
    5.1.3.4 Ammunitions
    5.1.4 Vehicles
    5.1.4.1 Land-based Vehicles
    5.1.4.2 Sea-based Vehicles
    5.1.4.3 Air-based Vehicles

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Vendor Market Share
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Saudi Arabian Military Industries
    6.4.2 Advanced Electronics Company Limited
    6.4.3 Lockheed Martin Corporation
    6.4.4 The Boeing Company
    6.4.5 BAE Systems PLC
    6.4.6 Raytheon Company
    6.4.7 Northrop Grumman Corporation
    6.4.8 General Dynamics
    6.4.9 Airbus SE
    6.4.10 United Technologies Corporation
    6.4.11 Leonardo SpA
    6.4.12 Thales Group*

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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