Latest news with #SaudiArabianMilitaryIndustries
Yahoo
2 days 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
Korea Herald
09-05-2025
- Business
- Korea Herald
S. Korea, Saudi Arabia host joint business forum on advanced industries
South Korea and Saudi Arabia hosted a joint business forum Friday in Seoul to promote the expansion of the countries' bilateral cooperation in advanced industries, Seoul's industry ministry said. From Riyadh, 20 major companies attended the forum, including the country's biggest wireless carrier STC Group, state-run defense company Saudi Arabian Military Industries and Saudi's first electric vehicle manufacturer Ceer, according to the Ministry of Trade, Industry and Energy. From Seoul, 100 companies took part to discuss cooperation with Saudi Arabian firms. The forum discussed possible cooperation between the two countries in information technology, digital infrastructure, EVs, defense, renewable energy and other advanced industries, according to the ministry. "To respond to the rapidly changing global trade environment, we need to strengthen cooperation with emerging Global South countries, such as Saudi Arabia," Vice Trade Minister Park Jong-won said in a congratulatory message for the forum. "We will actively utilize government-level cooperation channels and push for the early implementation of the Korea-GCC Free Trade Agreement to facilitate greater business collaboration between companies from both countries," he added. The Korea-GCC free trade pact was signed in 2023. The GCC consists of six countries -- the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait. (Yonhap)
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.
Arab News
09-02-2025
- Automotive
- Arab News
SAMI-AEC joins LEAP 2025 as diamond sponsor
SAMI Advanced Electronics Company, a wholly owned subsidiary of Saudi Arabian Military Industries, is participating as a diamond sponsor at LEAP 2025. As one of the world's premier technology gatherings, LEAP is taking place in Riyadh from Feb. 9 to 12, providing SAMI-AEC with a global platform to showcase its latest technological innovations to industry leaders, innovators, and technology enthusiasts from around the world. At the heart of SAMI-AEC's presence at LEAP 2025 is an immersive exhibition featuring groundbreaking solutions developed by Saudi talent, presented across five specialized zones: smart solutions, artificial intelligence, cybersecurity, digital services, and specialized manufacturing capabilities. Each zone demonstrates the company's commitment to technological excellence and its contributions to advancing Saudi Arabia's digital and industrial sectors. The smart solutions zone presents a suite of advanced urban technologies, including the state-of-the-art smart city platform, the Mawqfi smart parking system, queue management system, and fleet management solutions. These technologies are designed to enhance urban efficiency and optimize operational performance, reflecting SAMI-AEC's leadership in the smart cities domain. The AI zone highlights the company's progress in AI-powered innovations, featuring cutting-edge solutions such as the Hema (eBariq drone), Raqeeb 4S, document recognition systems, and the under-vehicle scanning system. These intelligent systems represent the next generation of AI-driven security and automation technologies. In the cybersecurity zone, SAMI-AEC is showcasing its robust cybersecurity portfolio, including its advanced monitoring detection response solution, data diode technology, cyber range services, and a comprehensive suite of cybersecurity services designed to fortify digital infrastructures and mitigate cyberthreats. The digital services zone focuses on next-generation digital transformation solutions, including managed services, data monetization solutions, real-time communication tools, and the correspondence management system. These offerings underscore SAMI-AEC's commitment to enhancing digital connectivity, efficiency, and security in today's rapidly evolving technological landscape. The specialized manufacturing zone provides an in-depth exploration of SAMI-AEC's manufacturing-as-a-service capabilities, demonstrating its ability to deliver high-quality, specialized production solutions tailored to diverse industry needs. Ziad Al-Musallam, CEO of SAMI-AEC, said: 'Our engagement in the fourth edition of LEAP is a testament to our unwavering commitment to innovation, excellence, and progress. It reinforces our leadership in industrial technology, cybersecurity, smart cities, and advanced manufacturing. At LEAP 2025, we are excited to present pioneering solutions that align with Saudi Arabia's Vision 2030, strengthening the Kingdom's position as a global technology powerhouse.' Through its strategic participation at LEAP 2025, SAMI-AEC aims to expand its global footprint, forge meaningful collaborations with industry stakeholders, and drive localization and diversification initiatives that will empower Saudi Arabia's digital economy. The event also presents a significant opportunity for SAMI-AEC to engage with investors and explore new avenues for growth within the global technology ecosystem. Since its establishment in 1988, SAMI-AEC has been a key enabler of Saudi Arabia's electronics and technology sectors, delivering advanced solutions across defense, aerospace, energy, and security. With a highly skilled workforce exceeding 3,659 professionals — 85 percent of whom are Saudi nationals, including more than 1,500 engineers and certified experts — SAMI-AEC exemplifies the Kingdom's commitment to fostering a knowledge-based economy driven by innovation and technical expertise.
