Market revenue in 2022 | USD 396.0 million |
Market revenue in 2030 | USD 591.4 million |
Growth rate | 5.1% (CAGR from 2022 to 2030) |
Largest segment | Tactical missiles |
Fastest growing segment | Loitering Munition |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Tactical Missiles, Guided Rockets, Guided Ammunition, Loitering Munition |
Key market players worldwide | Lockheed Martin Corp, Thyssenkrupp AG, RTX Corp, Thales Group, BAE Systems PLC, Northrop Grumman Corp, General Dynamics Corp, Elbit Systems Ltd |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to precision guided munition market will help companies and investors design strategic landscapes.
Tactical missiles was the largest segment with a revenue share of 70.71% in 2022. Horizon Databook has segmented the Saudi Arabia precision guided munition market based on tactical missiles, guided rockets, guided ammunition, loitering munition covering the revenue growth of each sub-segment from 2018 to 2030.
In terms of revenue, the precision-guided munition market in Saudi Arabia is expected to ascend at an estimated CAGR of 4.3% over the forecast period. The market growth is attributed due to the rise in weapons import from the countries including the U.S., France, and Germany, which is further accompanied by the increasing military expenditure.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia precision guided munition market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia precision guided munition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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