"Future of the Saudi Arabian Defense Industry" Published

From: Fast Market Research, Inc.
Published: Tue Apr 23 2013


This report is the result of SDI's extensive market and company research covering the Saudi Arabian defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape
Why was the report written?
The Future of the Saudi Arabian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Saudi Arabian defense industry.

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Full Report Details at
- http://www.fastmr.com/prod/588757_future_of_the_saudi_arabian_defense_industry.aspx?afid=301
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What is the current market landscape and what is changing?
Saudi Arabia is estimated to have the fourth largest defense budget in the world, behind the US, China, and Russia. Valued at US$52.9 billion in 2013, the country's defense expenditure is at the seventh position among the top 10 military spenders and is expected to grow at a CAGR of 7.92% to reach US$77.3 billion by 2018. Saudi Arabia's military expenditure as a percentage of GDP will from its current 7.3% to 9.1% by 2018 due to slowing economic growth over the forecast period. An underdeveloped domestic defense industry coupled with the country's high spending power presents ample opportunities for foreign OEMs to enter the market through an alliance route.

What are the key drivers behind recent market changes?
A strained relationship with Iran, high spending power, and the need to develop a skilled military force to be key factors driving defense expenditure. The Saudi Arabian government's hopes of strengthening its defense infrastructure in order to emerge as the most powerful nation in the Middle East have been supported by many years of high oil prices and strong economic growth. The rivalry between Saudi Arabia and Iran in the Middle East is a regional power struggle for influence, in which both sides have aimed at steering the course of events, shaping developments, and influencing decisions in the region according to their political preferences and interests. The fact that the Saudi's average defense expenditure as a percentage of GDP during the review period measured a significant 7.9% implies it has the purchasing power to procure state of the art defense equipment. In fact the country registered a figure of 7.3% with regards to its defense expenditure as a percentage of GDP, which was the highest among the world's largest military spenders for 2012.

What makes this report unique and essential to read?

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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