DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/33tkkg/future_of_the) has announced the addition of the "Future of the Saudi Arabian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020" report to their offering.
This report 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.
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.
Key Topics Covered:
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
4 Defense Procurement Market Dynamics
5 Industry Dynamics
6 Market Entry Strategy
7 Competitive Landscape and Strategic Insights
8 Business Environment and Country Risk
- Advanced Electronics Company (AEC)
- Airbus Group
- Al Salam Aircraft Company
- BAE Systems Plc.
- General Dynamics Corporation
- Lockheed Martin
- Northrop Grumman Corporation
- Science Applications International Corporation (SAIC)
- Sikorsky Aircraft Corporation
For more information visit http://www.researchandmarkets.com/research/33tkkg/future_of_the