Market Share of Middle East Military Vehicles Industry
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 S.p.A.
The 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 AŞ, and Denel SOC Ltd are prominent local manufacturers.
Middle East Military Vehicles Market Leaders
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Lockheed Martin Corporation
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The Boeing Company
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Saudi Arabian Military Industries (SAMI)
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Leonardo S.p.A.
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Rostec
*Disclaimer: Major Players sorted in no particular order
