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saudi arabia wikipedia en.wikipedia.org wiki saudiarabia cachedsaudi arabia officially the kingdom of saudi arabia is a country in western asia constituting the vast majority of the arabian peninsula.with a land area of approximately 2150000 km 2 830000 sq mi saudi arabia is geographically the largest sovereign state in western asia the secondlargest in the arab world after algeria the ...

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According to SIPRI, the United States, China, India, Russia, and Saudi Arabia's defense budget was USD 732 billion, USD 261 billion, USD 71.1 billion, USD 65.1 billion, and USD 61.9 billion, respectively. Furthermore, the expansion of military forces in developing nations will have a tremendous impact on the demand for bulletproof vests.

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The bulletproof vest market size is expected to grow from USD 1,059 million in 2021 to about USD 1,290 million by 2030, registering a CAGR of approximately 2.2% during the forecast period (2021-2030). The report includes the market size, share, trends, and industry overview of the bulletproof vest market.

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In 2020, Saudi Arabia ranked sixth worldwide in military spending, totaling $57.5 billion spent. Presently, the largest suppliers of weapons to the kingdom are NATO member states, and above all the United States. The US Congress has repeatedly called for an end to arms sales to Riyadh in the face of the ongoing war in Yemen…

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Overt bulletproof vest to dominate application segment. Overt ballistic vests segment is expected to hold 65% market revenue share by 2026 due to their growing usage by military, police as well as security personnel. These vests are worn over the clothing and can also be used as carriers for armor plates when required.

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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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SIPRI estimates that Saudi Arabia was the third largest military spender in the world in 2017 and by far the largest military spender in the Middle East (see figure 1). Looking at the decade 2008–17, its military spending increased by 74 per cent between 2008 and 2015 to $90.3 billion, the highest level ever.

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The global bulletproof vest market size is expected to reach USD 1,998.1 million by 2027, exhibiting a CAGR of 7.23% during the forecast period. The …

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Download the Report The shifts in Saudi Arabia's power structure that have taken place since King Salman came to power in January 2015 have created a new set of Saudi priorities for shaping Saudi Arabia's future. These new priorities have led to major changes in Saudi Arabia's national security structure and leadership, and to calls for major social and economic reform.