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Saudi Arabia’s Defense Industry—Growth Opportunities, 2024–2026

Publisher Frost & Sullivan
Published Aug 08, 2024
SKU # MC19075521

Description

Saudi Arabia’s Defense Industry Growth Opportunities, 2024–2026


Accelerating Demand Will Transform the Country s Defense Industry

This report provides an outlook on the defense industry in the Kingdom of Saudi Arabia (KSA). It analyzes the country's defense buildup, identifies leading contracts and vendors, and presents a breakdown of the current defense budget allocations based on the country’s national vision for 2030.

The report identifies and analyzes key factors driving and restraining the Saudi defense industry's growth. It examines KSA's national policies and the shifting geopolitical Middle East climate to determine industry trends and identify emerging opportunities for industry participants. The study provides a snapshot of the competitive landscape, encompassing foreign and domestic participants active in the industry.

KSA is expected to further increase its defense budget allocations amid heightened perceptions of imminent threats, particularly from Iran and Yemen. Rapid deployment of advanced defense and counterstrike capabilities is a priority. Establishing domestic defense manufacturing is a key focus area, as the country emphasizes self-reliance and defense export promotion. KSA's growing international defense and defense-related bilateral relationships will create market expansion opportunities for domestic industry participants in allied nations. Finally, the report discusses the possible impact of the normalization of Israeli-Saudi diplomatic relations, which is expected to influence the domestic competitive landscape, backed by the US agenda to counter radical forces in the Middle East.

Table of Contents

Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Saudi Arabia’s Defense Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Growth Opportunity Analysis
Scope of Analysis
Market Segmentation
Key Vendors in the KSA Defense Industry
Growth Drivers
Growth Restraints
Industry Overview
KSA’s National Security Threat—Overview
KSA’s Defense Expenditure, 2023–2026
Leading Local Vendors
KSA’s Defense Industry—SAMI, 2024–2026
The General Authority for Military Industries (GAMI), 2024
Key Saudi Defense Contracts, 2023–2024
Key Partnerships for KSA’s Defense Industry
Growth Opportunity Universe
Growth Opportunity 1—Emerging Defense Offsets
Growth Opportunity 2—Procurement
Growth Opportunity 3—Normalization with Israel
Appendix
Legal Disclaimer

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