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Saudi Arabian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020

  • Date Submitted: 11/20/2015 12:45 AM
  • Flesch-Kincaid Score: 21.1 
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20 Nov, 2015, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Saudi Arabian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020” This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

The Future of the Saudi Arabian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020 published by Strategic Defense Intelligence, provides readers with a detailed analysis of both historic and forecast Saudi Arabian defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

Key Findings

• Saudi Arabia is the fourth largest defense spender in the world, behind the US, China, and Russia, with a military budget valued at US$56.7 billion in 2015.

• The rising tension with Iran, aggressive procurement strategies and modernization programs, along with the need to strengthen its indigenous defense industry, are the major drivers boosting military spending.

• Saudi Arabian defense expenditure is expected to increase from a projected US$63.3 billion in 2016 to reach US$87.2 billion by 2020 at a CAGR of 8.35%.

• The various procurements that have fueled the growth of the capital budget allocation during 2011-2015 include F-15 aircraft, UH-60M Black Hawk utility helicopters, C-130J-30 Aircraft and KC-130J Air Refueling Aircraft, Eurofighter Typhoons, Light Armored Vehicles (LAVs) PATRIOT (PAC-2) Missiles Recertification, air missile defense systems, and other arms imports.

Synopsis

This report offers detailed analysis of the Saudi Arabian defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants. In particular, it provides an in-depth...

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