Thursday 19 June 2014, Amsterdam
Report description overview:
The new report: Future of the Saudi Arabian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2019 analyzes the Saudi Arabian defense industry market size and drivers, including detailed analysis of the Saudi Arabian defense industry over the next 5 years, together with highlights of the demand drivers and growth stimulators for the industry. This report analyzes driving factors that will influence demand for the industry, key market trends and the challenges faced by industry participants.
• This report will provide you with the confidence to make the correct business decisions based on a detailed analysis of the Saudi Arabian defense industry market trends for the coming five years.
• You will acquire detailed profiles of the top domestic and foreign defense manufacturers with information about their products, and alliances. Providing you with a total competitive landscape of the sector.
• This report analyzes factors that influence demand for the industry, including key market trends and challenges faced by industry participants, allowing you to adjust your business plan.
The Saudi Arabian defense industry is one of the largest defense markets globally and is valued at over US$52billion. During the review period, the country’s defense expenditure grew at a CAGR of almost 11%, and is expected to record further growth over the next four years.
The key factors driving the growth include increases in cross-border insurgency, domestic unease with the ruling regime, the rising number of Al-Qaeda training camps in the country, regional rivalry with Iran and the desire to emerge as the most influential nation in the Middle East. Saudi Arabia’s substantial defense budget, coupled with the limited capabilities of domestic defense firms, is attracting foreign OEMs into the market.
Saudi Arabia’s robust economy enables it to invest large amounts of money in the procurement of defense equipment and, over the forecast period, the nation is expected to increase its defense expenditure to over 8% of Gross Domestic Product (GDP).
Rising tensions with Iran forced the country to purchase American weapons at record levels in recent times. Since the nation does not share a border with Iran, its arms purchases focused on expensive warplanes and complex missile defense systems.
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