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Saudi Arabia Defence Market - Opportunities and Trends and Challenges (2018 - 2023)

Saudi Arabia Defence Market - Opportunities and Trends and Challenges (2018 - 2023)

With a population of 30.77 million, Saudi Arabia is one of the biggest economies of the world. The country’s GDP in terms of Purchasing Power Parity of USD 1.668 Trillion is the 14th largest in the world. Defence Market is expected to grow at a CAGR of 5.3% till 2023. Saudi Arabia is embroiled in major conflicts currently. At present major focus is on Yemen where Saudi Government is leading a coalition of forces against the Houthi Rebels. Many more Threats are abounding like the Arab Spring , The ISIS Which is threatening to destroy the existing established structures.

Civil Unrest in the Middle East

The Arab World is in the midst of a major crisis that started with the Arab Spring. This has created havoc in the economies both socially, economically and the security situation has worsened tremendously. Saudi Arabia is one of the very few Arab countries that has remained relatively untouched internally. So naturally Saudi Arabia has been buying tremendous amount of equipment for its military and this has created tremendous opportunities for the defence sector.

The Armed Forces of a nation are ones which are legally empowered by the state to use deadly force in order to protect the inteRest of the nation from enemies both foreign and domestic and are trained specially for the same. Various equipment are needed by the armed forces which are procured exclusively by the state. Artillery, fighter jets, Bombers, Unmanned Aerial Vehicles, Submarines, Ballistic Missiles etc are some of the commonly imported Arms. .The Providers of such equipment are mostly of Western Countries with US Of America a leader in the Market. Even though there are only 4 defence companies in Saudi Arabia, there has been a remarkable progress in the field of Defence in the past 5 years. Saudi Arabia’s focus on improving Defence facilities have resulted in growth of its Defence Market.

Key Players –Constellium, ATI, AMG N.V., Airbus, SABIC's Innovative Plastics, Henkel, Aleris, Toray Industries among others.

Key Developments:

February 2018: Toho Tenax launched high-tensile, highly shock-resistant hybrid prepreg combining carbon fiber and CNT technology.

January 2018: Toray planned to expand production facilities for Ultrasuede®

November 2017: ADEKA Corporation and GH Craft developed world's first fiber-to-composite direct molding process.

Reasons to Purchase this Report

  • Analysing various perspectives of the market with the help of Porter’s Five Forces Analysis
  • Detailed analysis on the segment that is expected to register the highest growth rate
  • Study on the region and country that are expected to dominate the market
  • Identifying the latest developments, market shares and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate Sheet in Excel
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1. Introduction
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
3. Executive Summary
4. Market Overview and Technological Trends
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of the Consumers
4.3.3 Threat of New Entrant
4.3.4 Threat of Substitutes
4.3.5 Competitive Rivalry
5. Market Dynamics
5.1 Drivers
5.2 Restraints
5.3 Opportunities
6. Saudi Arabian Defence Market, Segmented by Type
6.1 Infantry Weapons
6.1.1 Small Weapons
6.1.2 Grenade, Rocket, Anti Tank and Missile Systems
6.1.3 Mortars
6.2 Vehicles
6.2.1 Tanks
6.2.2 Infantry Fighting Vehicles
6.4.3 Armored Personal Carriers
6.4.4 Armored Cars
6.4.5 Utility Vehicles
6.3 Artillery And Missile Systems
7. Competitive Landscape
7.1 Introduction
7.2 Market Share Analysis
8. Company Profiles
8.1 Lockheed Martin
8.2 Boeing
8.3 BAE Systems
8.4 Raytheon
8.5 Northrop Grumman
8.6 General Dynamics
8.7 EADS
8.8 United Technologies Corporation
8.9 Finnmeccanica
8.10 Thales Group
8.11 Sikorsky Aircraft
8.12 Hughes Aircraft Company
9. Disclaimer

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