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In 2019, Saudi Arabia's defense budget was USD 61.9 billion. KEY INDUSTRY PLAYERS. Key players are Focusing on Business Expansion Through Merger & Acquisitions, and Contracts with Military Forces. Bulletproof vest manufacturers focus on developing next-generation lightweight, more comfortable, highly durable, and soft vests.

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Armored medical evacuation vehicle. Saudi Arabia ordered 100+ Didgori Medevac from Georgia in 2016. CUCV II United States: 200+ MRAPs; Oshkosh M-ATV United States: Many: 1859: Saudi Arabia began negotiations for an order for an undisclosed number of M-ATVs Saudi Arabia received an estimated 1859. Several dozen have been destroyed in Yemen.

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The Saudi Arabian defense market was valued at USD 13.58 billion in 2020, and it is anticipated to register a CAGR of 4.34%, to reach a market value of USD 17.39 billion by 2026. The report also offers an overview of the market dynamics, latest trends, size, share, and industry overview.

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Bulletproof Vest Market was valued over USD 1.45 billion in 2019 and the industry is projected to expand at 6.7% CAGR during 2020 to 2026 propelled by rising focus of defense agencies on enhancing soldier survivability.

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Defense News reported in 2017 that Al Tadrea was in talks with Oshkosh to manufacture armored vehicles in Saudi Arabia. Al Tadrea CEO Fawzi Bin Ayoub Sabri confirmed during an interview that year ...