Title: Saudi Arabian Defense Market Analysis & Forecasts to 2018
1Future of the Saudi Arabian Defense Industry
Market Attractiveness, Competitive Landscape and
Forecasts to 2018
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- Published Jul 2013
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2Future of the Saudi Arabian Defense Industry
Market Attractiveness, Competitive Landscape and
Forecasts to 2018
- Synopsis
- 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. - 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 US52.9 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 US77.3 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. - Complete Report Available _at_ http//marketreportsst
ore.com/future-of-the-saudi-arabian-defense-indust
ry-market-attractiveness-competitive-landscape-and
-forecasts-to-2018/ .
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3Future of the Saudi Arabian Defense Industry
Market Attractiveness, Competitive Landscape and
Forecasts to 2018
- 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? - The Future of the Saudi Arabian Defense Industry
- Market Attractiveness, Competitive Landscape
and Forecasts to 2018 provides detailed analysis
of the current industry size and growth
expectations from 2014 to 2018, including
highlights of key growth stimulators. It also
benchmarks the industry against key global
markets and provides a detailed understanding of
emerging opportunities in specific areas. - Inquire Discount on this Report _at_
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4Future of the Saudi Arabian Defense Industry
Market Attractiveness, Competitive Landscape and
Forecasts to 2018
- Key Features and Benefits
- The report provides detailed analysis of the
current industry size and growth expectations
from 2014 to 2018, including highlights of key
growth stimulators, and also benchmarks the
industry against key global markets and provides
a detailed understanding of emerging
opportunities in specific areas. - The report includes trend analysis of imports
and exports, together with their implications and
impact on the Saudi Arabian defense industry. - The report covers five forces analysis to
identify various power centers in the industry
and how these are expected to develop in the
future. - The report allows readers to identify possible
ways to enter the market, together with detailed
descriptions of how existing companies have
entered the market, including key contracts,
alliances, and strategic initiatives. - The report helps the reader to understand the
competitive landscape of the defense industry in
Saudi Arabia. It provides an overview of key
defense companies, both domestic and foreign,
together with insights such as key alliances,
strategic initiatives, and a brief financial
analysis. - Buy a copy of this report at http//marketreportss
tore.com/purchase/?rname5149 . or Call 1 888
391 5441
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5Future of the Saudi Arabian Defense Industry
Market Attractiveness, Competitive Landscape and
Forecasts to 2018
- Key Market Issues
- Bribery and corruption have been prevalent in
Saudi defense procurement for many years, largely
due to the monopolistic status exercised by the
government over the purchase decisions of its
armed forces. According to Transparency
International, Saudi Arabia has insufficient
safeguards against corruption in the defense
industry. For example, corruption charges were
leveled against a unit of EADS UK with regards to
US3.3 billion communication contract and being
investigated by the UK Serious Fraud Office over
bribery allegations in the country. - Foreign investors may be deterred from entering
the Saudi Arabian defense market because of
scarcity of skilled labor, induced by the lack of
industrial capabilities within the country.
Nitaqat law makes it mandatory for the companies
to have a minimum of 10 local employees and
scarcity of skilled labor complicates the
business environment for foreign companies.
Although the government is focusing on making
amendments, the non-employment rate has increased
in recent years resulting in internal conflicts
adding to the foreign companies' woes. - Inquire before buying this report at
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6Future of the Saudi Arabian Defense Industry
Market Attractiveness, Competitive Landscape and
Forecasts to 2018
- Key Highlights
- 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.
Strained relationship with Iran 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. Over
the past few months, relations between Saudi
Arabia and Iran have been mired in tensions which
are rooted in the Arab revolutions and Saudi
Arabia's support of the West's sanctions against
Iran. As a result of the Arab Spring, Saudi
Arabia has lost the support of Egypt, its main
ally in its leadership of the anti-Iran camp.
Iran has also lost its main ally, Syria, which is
currently fighting for its survival amid the wave
of protests sweeping the country. The difference
between the Iranian and the Saudi approaches to
the events in Syria is worsening the tension
between them. In addition, Saudi Arabia is deeply
concerned about Iran's growing infiltration of
Iraq, especially following the withdrawal of
American troops from that country. In an effort
to counter Iran's influence, the Saudi government
has increased its focus on developing
technologically superior military capabilities. - Buy a copy of this report at http//marketreportss
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7Future of the Saudi Arabian Defense Industry
Market Attractiveness, Competitive Landscape and
Forecasts to 2018
- Key Highlights
- Saudi Arabia's homeland security market is
being largely driven by increasing security
threats, such as insurgents from Yemen, domestic
terror groups, jihadists from Iraq, and its
volatile relationship with Iran. The increasing
incidence of Al-Qaeda training camps and domestic
instability, due to the royal family's perceived
disregard for traditional Muslim customs, further
intensify domestic instability. Moreover, the
nation's socio-economic situation adversely
affects homeland security. Factors such as high
unemployment rate, which stood at 12.1 in 2012,
the rising level of poverty, and a lack of
balanced economic development, all contribute to
the growing prevalence of terrorism within the
country. Given the chaos that the Middle East
experienced over the past few years, especially
with respect to the current civil war in Syria,
the increasing activities of Islamic
fundamentalist groups in countries such as Yemen,
and the on-going insurgency related conflicts in
Iraq, it is imperative for Saudi Arabia to
strengthen its internal security forces to
contain any potential threat within its
territory. - Inquire discount on this report at
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8Future of the Saudi Arabian Defense Industry
Market Attractiveness, Competitive Landscape and
Forecasts to 2018
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