How big is the GCC Defense Market?

The GCC Defense Market size is expected to reach USD 29.73 billion in 2024 and grow at a CAGR of 11.04% to reach USD 50.19 billion by 2029. Read More

What is the current GCC Defense Market size?

In 2024, the GCC Defense Market size is expected to reach USD 29.73 billion. Read More

Who are the key players in GCC Defense Market?

Lockheed Martin Corporation, The Boeing Company, Airbus SE, Saudi Arabian Military Industries (SAMI) and EDGE Group PJSC are the major companies operating in the GCC Defense Market. Read More

What years does this GCC Defense Market cover, and what was the market size in 2023?

In 2023, the GCC Defense Market size was estimated at USD 26.45 billion. The report covers the GCC Defense Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC Defense Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

GCC Defence Market - Size, Share & Industry Analysis

GCC Defence Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The GCC Defense Market Report is Segmented by Armed Forces (Army, Navy, and Air Force), Type (Personnel Training and Protection, Communication Systems, Vehicles, and Weapons and Ammunition), and Geography (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

GCC Defense Industry Overview

The GCC defense market is semi-consolidated, with few players occupying a significant market share. Some major players in the GCC defense market are Lockheed Martin Corporation, The Boeing Company, Airbus SE, Saudi Arabian Military Industries, and EDGE Group PJSC.

Earlier, foreign players accounted for the majority share in the market due to the countries' dependency on international players for arms and ammunition. However, over the past few years, regional players have gradually increased their share in the market. Saudi Arabia and the United Arab Emirates strongly emphasize indigenous production of defense equipment, and many foreign defense organizations are partnering with local Gulf-based organizations in the defense sector.

For instance, SAMI signed a joint venture agreement with FIGEAC AÉRO Group and the Saudi Arabian Industrial Investments Company (Dussur) to establish SAMI FIGEAC AÉRO Manufacturing LLC. The joint venture will manufacture aerostructure components and machined and processed aerospace parts with light alloy (aluminum) and hard metal (titanium) materials. Similar developments in the product portfolios of regional players are expected to intensify further during the forecast period.