According to the report by Expert Market Research (EMR), the Saudi Arabia defense market size is projected to grow at a CAGR of 3.70% between 2024 and 2032. Aided by kingdom’s strategic initiatives to modernise its military capabilities and enhance national security, the market is expected to grow significantly by 2032.
Saudi Arabia, as one of the world’s largest defense spenders, places a high priority on defense and security, driven by its geopolitical position and the need to safeguard its interests in a volatile region. The kingdom’s defense strategy encompasses a comprehensive approach, including the procurement of advanced military equipment, strengthening defense manufacturing capabilities, and enhancement of strategic partnerships with key global defense players.
The modernisation of Saudi Arabia’s military arsenal is a significant driver of Saudi Arabia defense market growth. With an emphasis on air defense systems, naval forces, and land systems, Saudi Arabia has been actively engaging in procurement and upgrade programs to bolster its military readiness and operational capabilities. The acquisition of state-of-the-art fighter jets, missile defense systems, and naval vessels underscores the kingdom’s commitment to maintaining a formidable defense posture.
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Furthermore, Saudi Arabia’s Vision 2030, a transformative economic and social reform plan, includes strategic goals to localise over 50% of military equipment spending by 2030. According to the Saudi Arabia defense market analysis, this initiative aims to develop a domestic defense manufacturing sector, reduce dependency on foreign military imports, and stimulate economic diversification. As a result, investments in local defense sectors, research and development, and partnerships with international defense firms are on the rise, fostering innovation and technology transfer in the defense sector.
In addition to traditional defense missions, Saudi Arabia actively participates in humanitarian assistance and disaster relief (HADR) operations regionally and globally. As per Saudi Arabia defense market outlook, the country provides humanitarian aid, medical assistance, and logistical support to countries affected by natural disasters, conflicts, and humanitarian crises. HADR capabilities, including airlift capabilities, field hospitals, and emergency response teams, enable Saudi Arabia to contribute to international relief efforts and demonstrate its commitment to humanitarian principles.
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Saudi Arabia remains vigilant in addressing internal and external security threats, particularly terrorism and border incursions. The country has implemented comprehensive counterterrorism strategies, intelligence-sharing mechanisms, and law enforcement measures to combat extremist groups and disrupt terrorist activities which can boost Saudi Arabia defense market share. Investments in border surveillance systems, perimeter security, and border patrol capabilities aim to prevent illicit cross-border activities and enhance border control.
The kingdom’s focus on cyber security and space capabilities also contributes to the defense market’s expansion. Recognising the importance of cyber defense in protecting national security, Saudi Arabia is investing in cyber security solutions, infrastructure, and talent development. Additionally, the establishment of the Saudi Space Commission signifies the kingdom’s ambition to advance its space capabilities, further diversifying its defense and strategic interests. Saudi Arabia defense market expansion is also influenced by its active participation in international coalitions and military exercises, enhancing its strategic alliances and military interoperability with partner nations. These collaborations support the kingdom’s defense objectives and contribute to regional stability and security.
Saudi Arabia has forged strategic alliances and defense partnerships with key international allies to bolster its defense capabilities and security cooperation. The country maintains close ties with the United States, the United Kingdom, France, and other major arms exporters, which supply advanced defense equipment, training, and logistical support. These partnerships in the Saudi Arabia defense market play a crucial role in strengthening Saudi Arabia’s defense posture and regional stability.
Market Segmentation
The market can be divided based on armed forces and type.
Market Breakup by Armed Forces
- Army
- Navy
- Air Force
- Others
Market Breakup by Type
- Weapons and Ammunition
- Artillery and Mortar Systems
- Infantry Weapons
- Missile and Missile Defense Systems
- Ammunitions
- Vehicles
- Land-based Vehicles
- Sea-based Vehicles
- Air-based Vehicles
- Communication Systems
- Personnel Training, Simulation, and Protection Equipment
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Saudi Arabia defense market. Some of the major players explored in the report by Expert Market Research are as follows:
- Raytheon Technologies Corporation
- Northrop Grumman Corporation
- L3Harris Technologies Inc.
- BAE Systems plc
- Airbus SE
- Thales Group
- The Boeing Company
- Lockheed Martin Corporation
- Leonardo S.p.A.
- Saudi Arabian Military Industries
- General Dynamics Corporation
- Others
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