Saudi Arabia Defense Market, By Platform (Air-based Systems, Land-based Systems, Naval Systems); By Type (Weapons & Ammunition, Communication Systems, Radar & Surveillance Systems, Electronic Warfare Systems, Cybersecurity & Defense Tech); By End User (Ar
Description
Saudi Arabia Defense Market Size Set to Surpass USD 60 Billion by 2031
Saudi Arabia Defense Market is flourishing due to substantial military expenditure and an expanding network of strategic partnerships driven by the ambitious Vision 2030 initiative.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Defense Market size at USD 43.5 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Saudi Arabia Defense Market size to expand at a CAGR of 4.75% reaching a value of USD 60.2 billion by 2031. The growth of Defense Market in Saudi Arabia is propelled by the Kingdom's strategic emphasis on military modernization, technological leadership, and the indigenization of its defense sector. As a global leader in defense expenditure, Saudi Arabia maintains a robust budgetary allocation towards enhancing its military prowess and regional stability. The transformative Vision 2030 sets an ambitious target of increasing local defense procurement from a modest 2% to a substantial 50%, fostering a dynamic environment for domestic and international collaborations. The recent 2024 agreement with Leonardo for joint ventures in aerospace and cross-domain defense technologies exemplifies this trend. Saudi Arabia is also strategically expanding its military workforce and prioritizing cutting-edge capabilities in cybersecurity, digital transformation, and autonomous systems. Moreover, strategic partnerships with countries like South Korea and India are instrumental in strengthening its defense industrial foundation, positioning Saudi Arabia as an increasingly influential hub for defense innovation in the Middle Eastern landscape.
Opportunity - R&D and Tech Innovations
Saudi Arabia Defense Market is projected to record significant growth, propelled by a strategic and concerted focus on indigenous Research and Development (R&D) and the integration of cutting-edge technological innovations, a proactive approach spearheaded by entities like the Saudi General Authority for Defense Development (GADD) and industry leaders such as Saudi Arabian Military Industries (SAMI) and its advanced electronics division, SAMI-AEC, evidenced by substantial investments exceeding SAR 1.6 billion in 2024 and groundbreaking advancements showcased at events like the JISR 2025 Forum where the innovative prowess of local universities and researchers translates theoretical concepts into tangible, market-ready solutions; at the forefront of this technological renaissance stands SAMI-AEC, epitomizing the fusion of R&D with practical application through the unveiling of advanced systems like the eBariq Drone and the Al-Rasid Ground Surveillance Radar at IDEX 2025, representing concrete advancements in surveillance, reconnaissance, and security; furthermore, the emphasis on integrating advanced technologies such as Artificial Intelligence (AI) in unmanned systems and the development of indigenous cybersecurity solutions highlight Saudi Arabia's commitment to future-proofing its defense capabilities, fostering self-sufficiency, attracting international attention, and ultimately charting a unique and robust growth trajectory for the Kingdom's defense sector through the strategic prioritization of R&D and the relentless pursuit of technological innovation.
Impact of Escalating Geopolitical Tensions on Saudi Arabia Defense Market
Intensifying geopolitical tensions could influence the growth of Saudi Arabia Defense Market. Regional instability, notably in the Middle East, fuels increased defense spending for national security and military readiness due to ongoing conflicts and strained relations. This drives investments in advanced weaponry, surveillance, and cybersecurity. However, tensions could disrupt supply chains, delay procurement, and influence defense partnerships and technology access. While stimulating market growth, these tensions highlight the need for a resilient, self-reliant Saudi defense infrastructure.
Air-based Systems Dominate Saudi Arabia Defense Market
Based on the strong emphasis on modernizing aerial capabilities with significant acquisitions like the Eurofighter Typhoon and F-15SA upgrades, coupled with the strategic importance of air power for regional dominance and addressing aerial threats in the volatile Middle East, the air-based systems segment likely holds the highest share in the Saudi Arabia Defense Market by platform. Historically, Saudi Arabia has been a major procurer of advanced military aircraft, and the ongoing investments in sophisticated strike platforms and air defense systems, while the nation pursues its Vision 2030 goals, indicate a continued prioritization of this domain over land-based and naval systems in terms of market size.
Competitive Landscape
Major companies in Saudi Arabia Defense Market include Saudi Arabian Military Industries (SAMI), Raytheon Technologies Corporation (RTX Corporation), Almaz-Antei Corporation JSC, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Airbus SE, BAE Systems PLC, General Dynamics Corporation, and The Boeing Company. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Saudi Arabia Defense Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Defense Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Saudi Arabia Defense Market is flourishing due to substantial military expenditure and an expanding network of strategic partnerships driven by the ambitious Vision 2030 initiative.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Defense Market size at USD 43.5 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Saudi Arabia Defense Market size to expand at a CAGR of 4.75% reaching a value of USD 60.2 billion by 2031. The growth of Defense Market in Saudi Arabia is propelled by the Kingdom's strategic emphasis on military modernization, technological leadership, and the indigenization of its defense sector. As a global leader in defense expenditure, Saudi Arabia maintains a robust budgetary allocation towards enhancing its military prowess and regional stability. The transformative Vision 2030 sets an ambitious target of increasing local defense procurement from a modest 2% to a substantial 50%, fostering a dynamic environment for domestic and international collaborations. The recent 2024 agreement with Leonardo for joint ventures in aerospace and cross-domain defense technologies exemplifies this trend. Saudi Arabia is also strategically expanding its military workforce and prioritizing cutting-edge capabilities in cybersecurity, digital transformation, and autonomous systems. Moreover, strategic partnerships with countries like South Korea and India are instrumental in strengthening its defense industrial foundation, positioning Saudi Arabia as an increasingly influential hub for defense innovation in the Middle Eastern landscape.
Opportunity - R&D and Tech Innovations
Saudi Arabia Defense Market is projected to record significant growth, propelled by a strategic and concerted focus on indigenous Research and Development (R&D) and the integration of cutting-edge technological innovations, a proactive approach spearheaded by entities like the Saudi General Authority for Defense Development (GADD) and industry leaders such as Saudi Arabian Military Industries (SAMI) and its advanced electronics division, SAMI-AEC, evidenced by substantial investments exceeding SAR 1.6 billion in 2024 and groundbreaking advancements showcased at events like the JISR 2025 Forum where the innovative prowess of local universities and researchers translates theoretical concepts into tangible, market-ready solutions; at the forefront of this technological renaissance stands SAMI-AEC, epitomizing the fusion of R&D with practical application through the unveiling of advanced systems like the eBariq Drone and the Al-Rasid Ground Surveillance Radar at IDEX 2025, representing concrete advancements in surveillance, reconnaissance, and security; furthermore, the emphasis on integrating advanced technologies such as Artificial Intelligence (AI) in unmanned systems and the development of indigenous cybersecurity solutions highlight Saudi Arabia's commitment to future-proofing its defense capabilities, fostering self-sufficiency, attracting international attention, and ultimately charting a unique and robust growth trajectory for the Kingdom's defense sector through the strategic prioritization of R&D and the relentless pursuit of technological innovation.
Impact of Escalating Geopolitical Tensions on Saudi Arabia Defense Market
Intensifying geopolitical tensions could influence the growth of Saudi Arabia Defense Market. Regional instability, notably in the Middle East, fuels increased defense spending for national security and military readiness due to ongoing conflicts and strained relations. This drives investments in advanced weaponry, surveillance, and cybersecurity. However, tensions could disrupt supply chains, delay procurement, and influence defense partnerships and technology access. While stimulating market growth, these tensions highlight the need for a resilient, self-reliant Saudi defense infrastructure.
Air-based Systems Dominate Saudi Arabia Defense Market
Based on the strong emphasis on modernizing aerial capabilities with significant acquisitions like the Eurofighter Typhoon and F-15SA upgrades, coupled with the strategic importance of air power for regional dominance and addressing aerial threats in the volatile Middle East, the air-based systems segment likely holds the highest share in the Saudi Arabia Defense Market by platform. Historically, Saudi Arabia has been a major procurer of advanced military aircraft, and the ongoing investments in sophisticated strike platforms and air defense systems, while the nation pursues its Vision 2030 goals, indicate a continued prioritization of this domain over land-based and naval systems in terms of market size.
Competitive Landscape
Major companies in Saudi Arabia Defense Market include Saudi Arabian Military Industries (SAMI), Raytheon Technologies Corporation (RTX Corporation), Almaz-Antei Corporation JSC, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Airbus SE, BAE Systems PLC, General Dynamics Corporation, and The Boeing Company. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Saudi Arabia Defense Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Defense Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
131 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Saudi Arabia Defense Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. High Military Spending
- 3.2.1.2. Strategic Partnerships
- 3.2.1.3. Vision 2030 Initiative
- 3.2.2. Restraints
- 3.2.2.1. Dependency on Foreign Suppliers
- 3.2.2.2. Geopolitical Uncertainty
- 3.2.3. Opportunities
- 3.2.3.1. Local Defense Industry Development
- 3.2.3.2. R&D and Tech Innovation
- 3.2.4. Challenges
- 3.2.4.1. Complex Regulatory Environment
- 3.2.4.2. Budgetary Pressures Amid Oil Price Volatility
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Saudi Arabia Defense Market: Marketing Strategies
- 5. Saudi Arabia Defense Market: Pricing Analysis
- 6. Saudi Arabia Defense Market Overview
- 6.1. Market Size & Forecast, 2019–2031
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Platform
- 6.2.1.1. Air-based Systems
- 6.2.1.2. Land-based Systems
- 6.2.1.3. Naval Systems
- 6.2.2. By Type
- 6.2.2.1. Weapons & Ammunition
- 6.2.2.2. Communication Systems
- 6.2.2.3. Radar & Surveillance Systems
- 6.2.2.4. Electronic Warfare Systems
- 6.2.2.5. Cybersecurity & Defense Tech
- 6.2.3. By End User
- 6.2.3.1. Army
- 6.2.3.2. Air Force
- 6.2.3.3. Navy
- 6.2.3.4. Special Security Forces
- 6.2.3.5. Border Guards
- 7. Competitive Landscape
- 7.1. List of Key Players and Their End Users
- 7.2. Saudi Arabia Defense Market, Company Market Share Analysis, 2024
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Development (Mergers, Acquisitions, Partnerships)
- 8. Impact of Escalating Geopolitical Tensions on Saudi Arabia Defense Market
- 9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 9.1. Saudi Arabian Military Industries (SAMI)
- 9.2. Raytheon Technologies Corporation (RTX Corporation)
- 9.3. Almaz-Antei Corporation JSC
- 9.4. Leonardo S.p.A.
- 9.5. Lockheed Martin Corporation
- 9.6. Northrop Grumman Corporation
- 9.7. Airbus SE
- 9.8. BAE Systems PLC
- 9.9. General Dynamics Corporation
- 9.10. The Boeing Company
- 9.11. Other Prominent Players
- 10. Key Strategic Recommendations
- 11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents
- 11.5. Assumption & Limitation
- *Financial information of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 Saudi Arabia Defense Market Segmentation
- Figure 2 Saudi Arabia Defense Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 Saudi Arabia Defense Market Size, By Value (USD Billion), 2019-h2031
- Figure 5 Saudi Arabia Defense Market Share, By Platform, By Value (USD Billion) 2019–2031
- Figure 6 Saudi Arabia Defense Market Share, By Type, By Value (USD Billion) 2019–2031
- Figure 7 Saudi Arabia Defense Market Share, By End User, By Value (USD Billion) 2019–2031
- List of Tables
- Table 1 Saudi Arabia Defense Market Share, By Platform, By Value (USD Billion) 2019–2031
- Table 2 Saudi Arabia Defense Market Share, By Type, By Value (USD Billion) 2019–2031
- Table 3 Saudi Arabia Defense Market Share, By End User, By Value (USD Billion) 2019–2031
- Table 4 Saudi Arabian Military Industries (SAMI) Company Overview
- Table 5 Saudi Arabian Military Industries (SAMI) Financial Overview
- Table 6 Raytheon Technologies Corporation (RTX Corporation) Company Overview
- Table 7 Raytheon Technologies Corporation (RTX Corporation) Financial Overview
- Table 8 Almaz-Antei Corporation JSC Company Overview
- Table 9 Almaz-Antei Corporation JSC Financial Overview
- Table 10 Leonardo S.p.A. Company Overview
- Table 11 Leonardo S.p.A. Financial Overview
- Table 12 Lockheed Martin Corporation Company Overview
- Table 13 Lockheed Martin Corporation Financial Overview
- Table 14 Northrop Grumman Corporation Company Overview
- Table 15 Northrop Grumman Corporation Financial Overview
- Table 16 Airbus SE Company Overview
- Table 17 Airbus SE Financial Overview
- Table 18 BAE Systems PLC Company Overview
- Table 19 BAE Systems PLC Financial Overview
- Table 20 General Dynamics Corporation Company Overview
- Table 21 General Dynamics Corporation Financial Overview
- Table 22 The Boeing Company: Company Overview
- Table 23 The Boeing Company Financial Overview
Pricing
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