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Yahoo
a day ago
- Business
- Yahoo
Middle East Military Vehicles Market Outlook Report 2025-2030 Featuring Analysis of 15 Major Players, Including Rostec, Lockheed Martin Corporation, The Boeing Company, Abu Dhabi Ship Building Co., and IAI
Armored Vehicles Segment to Witness the Highest Growth. Turkey to Dominate Market Share. Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Middle East Military Vehicles - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025-2030)" report has been added to Middle East Military Vehicles Market size is estimated at USD 34.25 billion in 2025, and is expected to reach USD 46.49 billion by 2030, at a CAGR of 6.3% during the forecast period (2025-2030).While countries like Saudi Arabia, Israel, and the United Arab Emirates operate modern military vehicles, several countries in the region possess Soviet-era vehicles that require modernization. Hence, these countries are investing in the procurement of new military addition, the aging fleet of military vehicles is also forcing some countries to invest in upgrade programs to improve the efficiency, lethality, and sophistication of the vehicles if they are slated to be effectively functional for some more the modernization and expansion of the region's vehicle fleets continue at a healthy pace, the region is also becoming increasingly self-sufficient and independent of foreign countries by developing indigenous manufacturing capabilities. Several countries have been developing military vehicles on their own or are partnering with their foreign counterparts and manufacturing vehicles locally with the help of technology transfer factors like fluctuations in oil prices are affecting the economies of several countries in Middle East, in turn affecting growth in military spending. The Middle East military vehicles market is semi-consolidated and is marked by the presence of several local and international players vying for a larger market share. Some of the prominent players include Rostec, Lockheed Martin Corporation, The Boeing Company, Saudi Arabian Military Industries (SAMI), and Leonardo growing focus on indigenous manufacturing of military vehicles is anticipated to increase the market share of local players during the forecast period. Countries like Turkey, Saudi Arabia, and the United Arab Emirates are the frontrunners in indigenous manufacturing. For instance, Saudi Arabia is focused on enhancing its defense weapon and ammunition manufacturing capability to reduce its dependency on the export of military equipment and weapons in line with the Saudi government's Vision 2030. The government plans to increase the local military equipment spending to 50% by 2030. Saudi Arabian Military Industries (SAMI), BMC Otomotiv Sanayi ve Ticaret AS, and Denel SOC Ltd are prominent local East Military Vehicles Market Trends Armored Vehicles Segment to Witness Highest Growth During the Forecast PeriodOver the past few years, the military equipment procurement of the region increased at a rapid pace, due to the conflicts in Yemen, Libya, and Somalia and the Sinai plans to modernize all units of the UAE armed forces with new and advanced military equipment to continue developing capabilities. For instance, in February 2023, Nexter, the leading French land defense company, signed a teaming agreement with International Golden Group, the leading supplier of the UAE Armed forces, to prepare for the modernisation of the UAE Army's Leclerc main battle tank (MBT).The UAE also intends to utilize the MRAP vehicles to increase force protection, conduct humanitarian assistance operations, and protect critical infrastructure. In February 2023, the first batch of 400 Rabdan 8x8 infantry fighting vehicles (IFVs) was delivered to the UAE Army and manufacturer Otokar is hopeful that additional orders will be placed in the has a very large fleet of wheeled and sand-blasted armored vehicles that can be equipped to carry out missions such as fire support by making a series of modifications. For example, BTR 50 and 60 series and BMP 1 and 2 personnel carriers are among these armored vehicles. Such robust plans of the government of countries in Middle East to rapidly increase the fleet of armored vehicles are anticipated to propel the growth of the military vehicles market in the coming to Dominate Market Share During the Forecast PeriodTurkey has been significantly investing in its defense industry and expanding production. The recent focus on domestic design and production stems from an increase in potential threats from Russia and various militant groups and from sanctions placed on Turkey's defense industry by its NATO allies. In this context, in May 2023, Turkey's FNSS Defence Systems was contracted to provide capability enhancement to the Turkish Army's ACV-15 advanced armored personnel carriers (AAPCs). The agreement was signed to boost the vehicle's performance and extend its service life for an additional 20 years. According to the company, an undisclosed number of AAPCs will be fitted with modern subsystems to support more missions and help address sophisticated threats on the procurement and defense authorities have launched a program designed to increase the structural life of the country's existing fleet of F-16 Block 30 jets from 8,000 flight hours to 12,000. The upgrades may cover 1,200 to 1,500 parts per addition, Turkey has vastly advanced in armored vehicle manufacturing and is acquiring new vehicles to modernize its fleet and with its interest in upgrading its naval fleet to further contribute to the growth of the market. For instance, in April 2023, the Turkish Navy received its largest vessel, the amphibious assault ship TCG Anadolu which is Turkey's first landing platform dock. The military will deploy heavy helicopters, drones and light-attack aircraft from the Topics Covered1 INTRODUCTION1.1 Study Assumptions and Market Definition1.2 Scope of the Study1.3 Currency Conversion Rates for USD2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Market Overview4.2 Market Drivers4.3 Market Restraints4.4 Porter's Five Forces Analysis4.4.1 Bargaining Power of Buyers/Consumers4.4.2 Bargaining Power of Suppliers4.4.3 Threat of New Entrants4.4.4 Threat of Substitute Products4.4.5 Intensity of Competitive Rivalry5 MARKET SEGMENTATION 5.1 Military Aircraft5.1.1 Combat Aircraft5.1.1.1 Fighter Aircraft5.1.1.2 Combat Helicopters5.1.2 Non-combat Aircraft5.1.2.1 Reconnaissance and Surveillance Aircraft5.1.2.2 Trainer Aircraft5.1.2.3 Transport Aircraft5.1.2.4 Other Non-combat Aircraft5.2 Naval Vessels5.2.1 Destroyers5.2.2 Frigates5.2.3 Corvettes5.2.4 Submarines5.2.5 Other Naval Vessels5.3 Armored Vehicles5.3.1 Armored Personnel Carriers5.3.2 Infantry Fighting Vehicles5.3.3 Mine-Resistant Ambush Protected5.3.4 Main Battle Tanks5.3.5 Other Armored Vehicles5.4 Geography5.4.1 Saudi Arabia5.4.2 United Arab Emirates5.4.3 Qatar5.4.4 Turkey5.4.5 Israel5.4.6 Rest of the Middle East6 COMPETITIVE LANDSCAPE6.1 Vendor Market Share6.2 Company Profiles6.2.1 Rostec6.2.2 Lockheed Martin Corporation6.2.3 The Boeing Company6.2.4 Abu Dhabi Ship Building Co.6.2.5 IAI6.2.6 BMC Otomotiv Sanayi ve Ticaret A.S.6.2.7 Fincantieri S.p.A.6.2.8 Saudi Arabian Military Industries (SAMI)6.2.9 Dassault Aviation SA6.2.10 Naval Group6.2.11 Denel SOC Ltd.6.2.12 BAE Systems plc6.2.13 Oshkosh Corporation6.2.14 Airbus SE6.2.15 Leonardo S.p.A.6.2.16 Patria Group6.2.17 FNSS Savunma Sistemleri A.S.7 MARKET OPPORTUNITIES AND FUTURE TRENDSFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Asharq Al-Awsat
14-05-2025
- Business
- Asharq Al-Awsat
Boeing Aims to Help Build Advanced Saudi Military Industrial Base
Boeing has positioned its F-15EX fighter jet as a cornerstone of its strategy to support Saudi Arabia's growing defense sector and ambitions for self-reliance as the Kingdom moves to localize over half of its military spending under Vision 2030. The US aerospace giant said the F-15EX offers not only a cutting-edge combat platform but also an opportunity to build a fully integrated local industrial base, including manufacturing, maintenance services, knowledge transfer and training of Saudi talent. The F-15EX is one of the most advanced fighter aircraft in the world, said Rob Novotny, the Executive Director of F-15 Business Development at Boeing's Air Dominance Division, in exclusive statements to Asharq Al-Awsat. The company is looking to work closely with Saudi partners, particularly the Saudi Arabian Military Industries company (SAMI) to localize production and technical support within the Kingdom, revealed Novotny. Speaking on the sidelines of a visit by US President Donald Trump to Riyadh, Novotny said the F-15EX offers a significant leap from earlier variants of the aircraft. It is equipped with an advanced AESA radar, a next-generation electronic warfare suite and digital flight controls that enhance maneuverability and operational efficiency. Designed to meet the demands of next-generation warfare, the F-15EX is compatible with both manned and unmanned systems and can carry up to five times the ground-attack munitions and six times the air-to-air missiles compared to previous versions, he said. The F-15EX delivers a combination of high performance, extended range and up to 50% lower operating costs compared to other fighters, making it a strategic and economic choice for air forces looking to modernize their fleets, Novotny explained. He moved on to highlight that the F-15EX shares around 95% compatibility with the current F-15 models used by Saudi forces, allowing for a seamless integration that reduces the need for major new training programs or support infrastructure. Boeing sees this as a key advantage for the Kingdom as it modernizes its air capabilities without disrupting existing operations. Beyond aircraft delivery, the company is positioning itself as a long-term partner in Saudi Arabia's military transformation. It is working to establish sustainable local capabilities through technology transfer, simulation-based educational programs, and advanced technical training for Saudi personnel. These efforts are supported through collaboration with the state-owned SAMI, with projects already under way to localize production, maintenance, and upgrades of the F-15EX within the Kingdom. Boeing also plans to double production of the F-15EX by 2026 to meet rising global demand, with Saudi Arabia expected to be among the first to benefit from the expanded capacity. The company views Saudi Vision 2030 as a strategic framework for long-term cooperation. Boeing aims to expand its industrial presence through enduring partnerships focused on technology transfer, job creation, and the localization of defense capabilities, positioning the F-15EX as a flagship example of advanced military integration between the two sides, Novotny added.
Zawya
27-02-2025
- Business
- Zawya
SAMI concludes its participation as the Platinum Sponsor of the first Aerospace Connect Forum
Riyadh, Saudi Arabia: SAMI, the national defense and security champion, a PIF company, successfully concluded its participation as the Platinum Sponsor of the first Aerospace Connect Forum, held in Jeddah from February 24–25, 2025. Under the patronage of His Excellency Mr. Bandar bin Ibrahim Al-Khorayef, Minister of Industry and Mineral Resources, and organized by the Industrial Center and co-hosted by the General Authority of Civil Aviation, the forum was successful in driving innovation, promoting the localization of aerospace technologies in alignment with Vision 2030 and creating an ideal platform for international collaboration and investment. The forum was inaugurated by His Excellency Abdulaziz bin Abdullah Al-Duailej, President of the General Authority of Civil Aviation, and His Excellency Eng. Khalil bin Ibrahim bin Salamah, Deputy Minister of Industry and Mineral Resources for Industrial Affairs, who also visited the SAMI pavilion. As a Platinum Sponsor, SAMI's presence at the forum was particularly significant, showcasing its key division, SAMI Aerospace, through its subsidiaries, SAMI Alsalam Aerospace Industries, SAMI Figeac, SAMI Aerospace Mechanics and SAMI AEC. SAMI Figeac presented its latest innovations in aerospace components, including metal parts used in aircraft parts, floor beams, wing ribs, and Tailcone panels. Additionally, the F-15SA pylons, designed for mounting external equipment such as fuel tanks beneath aircraft wings, were showcased. These pylons are manufactured at SAMI Alsalam Aerospace Industries' facilities. Experts from across SAMI's divisions participated in a panel discussion titled "Trends, Challenges and Best Practices for Ensuring Aircraft Reliability and Safety," where they discussed the company's continuous efforts to enhance local aerospace manufacturing capabilities and identified opportunities for growth within the sector. At the close of the first day, and His Excellency Eng. Khalil bin Ibrahim bin Salamah, Deputy Minister of Industry and Mineral Resources for Industrial Affairs, alongside SAMI CEO, Eng. Thamer AlMuhid, and accompanying delegation toured the SAMI Aerospace Mechanics and SAMI Figeac Aero Manufacturing facilities. The visit provided an opportunity to assess progress, review advanced manufacturing technologies, and explore the Kingdom's growing industrial capabilities in aerospace, reinforcing the commitment to localizing 50% of Saudi Arabia's military spending by 2030.
Leaders
16-02-2025
- Automotive
- Leaders
SAMI to Unveil Saudi-Made Defense Innovations at IDEX 2025 in Abu Dhabi
The Saudi Arabian Military Industries (SAMI) proudly announces its participation in IDEX 2025. The International Defense Exhibition and Conference will occur from February 17 to 21 in Abu Dhabi, UAE. Organized by the General Authority for Military Industries (GAMI), the Saudi Pavilion will highlight innovative defense solutions. This event involves collaboration among leading government agencies and companies focused on military industries. Innovative Product Displays SAMI plans to showcase its latest innovative products across several divisions. Key exhibits include the upgraded SAMI Light Armored Tactical Vehicle (SLTV). Additionally, visitors will see ROAYA, the Remote Turret, both designed and built entirely in Saudi Arabia. These advancements reflect SAMI's commitment to quality and innovation in defense manufacturing. SAMI AEC will highlight its advancements in command, control, communications, and intelligence (C4I) systems. This strategic focus emphasizes the importance of integrating advanced technologies for superior defense capabilities. Alongside other advanced systems and products, SAMI demonstrates its leadership in military innovation. Commitment to Vision 2030 As Saudi Arabia's leading national defense partner, SAMI is dedicated to supporting Vision 2030. This initiative aims to localize 50% of the Kingdom's defense spending, promoting economic growth. SAMI's presence at IDEX 2025 showcases its pivotal role in transforming the defense sector within the Kingdom. SAMI emphasizes remarkable growth and transformation within the Kingdom's defense sector through its participation. The company fosters innovation and empowers national talent while strengthening Saudi Arabia's global position. This exhibition not only highlights advancements but also represents a commitment to future developments in defense. Short link : Post Views: 106 Related Stories
Asharq Al-Awsat
16-02-2025
- Business
- Asharq Al-Awsat
SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025
The Saudi Arabian Military Industries (SAMI), a Public Investment Fund company, announced on Sunday its participation in the International Defense Exhibition and Conference (IDEX) 2025 under the Saudi Pavilion led and organized by the General Authority for Military Industries (GAMI). The exhibition is scheduled to take place from February 17 to 21 in Abu Dhabi, UAE. The Saudi Pavilion will bring together leading Saudi government agencies and companies specialized in the field of military industries, where SAMI will showcase its latest products across its various divisions. In a statement, SAMI said key exhibits will feature SAMI Land's upgraded SAMI Light Armored Tactical Vehicle (SLTV) with new and improved specifications, and ROAYA, the Remote Turret—both cutting-edge products designed and built entirely in Saudi Arabia. SAMI AEC will showcase its innovations in command, control, communications, and intelligence (C4I) systems, alongside other advanced systems and products. As Saudi Arabia's leading national defense partner, SAMI's presence at IDEX 2025 underscores its commitment to supporting Vision 2030's goal of localizing 50% of the Kingdom's defense spending. "Through its participation, SAMI highlights the remarkable growth and transformation within the Kingdom's defense sector, fostering innovation, empowering national talent, and strengthening Saudi Arabia's position on the global stage," said the statement.
