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Saudi Arabia Defense Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024

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The “Saudi Arabia Defense Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Saudi Arabia Defense market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Saudi Arabia Defense market report also offers market competitors that includes detailed company profiles along with company product specifications.

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

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    In Saudi Arabia Defense Market Report, Following Companies Are Covered:

  • 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

    Saudi Arabia Defense Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • The Saudi Arabia defense market covers all aspects of military vehicle, armament, and other equipment procurements, and provides insights about the budget allocation and spending of the country in the past, present, as well as during the forecast period.

    Reasons for Buying Saudi Arabia Defense Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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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, globally. 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.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Saudi Arabia Defense create from those of established entities?

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    Detailed TOC of Saudi Arabia Defense Market 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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