Saudi Arabia Aerospace & Defense Industry Report 2025: Vision 2030 Project Aims To Localize 50% Of Military Procurement By 2030

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Feb. 27, 2025 (GLOBE NEWSWIRE) -- The "Aerospace & Defense in Saudi Arabia" report has been added to ResearchAndMarkets.com's offering.

The Saudi Arabian aerospace & defense sector recorded revenues of $7.81 billion in 2023, representing a compound annual growth rate (CAGR) of 0.1% between 2018 and 2023.

Aerospace & Defense in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights

• Market size of the aerospace & defense market includes the sum of the revenues generated from military-signed deals that remain under contract and new contracts signed within a particular calendar year.
• The systems & ordnance segment accounted for the sector's largest proportion in 2023, with total revenues of $3.72 billion, equivalent to 47.7% of the sector's overall value.
• The Saudi government's Vision 2030 project aims to localize 50% of military procurement by 2030. This ambitious goal is being pursued through the establishment of organizations such as the General Authority for Military Industries (GAMI) and Saudi Arabian Military Industries (SAMI), which are dedicated to boosting local manufacturing capabilities and minimizing reliance on international suppliers.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the aerospace & defense market in Saudi Arabia
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the aerospace & defense market in Saudi Arabia
• Leading company profiles reveal details of key aerospace & defense market players' global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Saudi Arabia aerospace & defense market with five year forecasts

Reasons to Buy

• What was the size of the Saudi Arabia aerospace & defense market by value in 2023?
• What will be the size of the Saudi Arabia aerospace & defense market in 2028?
• What factors are affecting the strength of competition in the Saudi Arabia aerospace & defense market?
• How has the market performed over the last five years?
• What are the main segments that make up Saudi Arabia's aerospace & defense market?

Key Topics Covered:
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What are the recent developments in the sector?
8 Company Profiles
8.1. Saudi Arabian Military Industries
8.2. BAE Systems Saudi Arabia
8.3. Advanced Electronics Co
8.4. Boeing Middle East Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix

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