The ammunition market in Middle East & Africa is expected to grow from US$ 3,762.63 million in 2022 to US$ 5,191.23 million by 2028. It is estimated to grow at a CAGR of 5.5% from 2022 to 2028.
Technological advancements in the firearm industry are generating huge demand for new and advanced ammunition across the world. It has been witnessed that the introduction of new guns and launchers has been rising over the past few years, which is increasing the demand for new and innovative firearm components. For instance, the introduction of longer 52 caliber barrels has led to an increased range of 155mm guns, which has been adopted by several armed forces such as army, navy, and air forces. These barrels are also likely to replace the traditional 39 caliber systems and cater to the low range challenges of such barrels.
Further, several projects launched by armed forces to introduce new guns and firearms are also likely to propel the introduction of new firearm parts that are expected to catalyze the ammunition market growth. Moreover, the use of composite materials in the missiles and guided munitions across different armed forces are expected to boost the market in the coming years.
The Middle East & Africa ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2021, the aerial bombs segment dominated market.
The ammunition market by application is segmented into defense and commercial. In 2021, the defense segment dominated the Middle East & Africa ammunition market.
The Middle East & Africa ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021.
The Middle East & Africa ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021.
The Middle East & Africa ammunition market, by caliber, is segmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. In 2021, the large caliber ammunitions segment held the largest market share in 2021.
Technological advancements in the firearm industry are generating huge demand for new and advanced ammunition across the world. It has been witnessed that the introduction of new guns and launchers has been rising over the past few years, which is increasing the demand for new and innovative firearm components. For instance, the introduction of longer 52 caliber barrels has led to an increased range of 155mm guns, which has been adopted by several armed forces such as army, navy, and air forces. These barrels are also likely to replace the traditional 39 caliber systems and cater to the low range challenges of such barrels.
Further, several projects launched by armed forces to introduce new guns and firearms are also likely to propel the introduction of new firearm parts that are expected to catalyze the ammunition market growth. Moreover, the use of composite materials in the missiles and guided munitions across different armed forces are expected to boost the market in the coming years.
Market Overview
- Based on country, the Middle East & Africa ammunition market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of the MEA. The ongoing political instability in countries such as Libya, Syria, and Yemen have increased the demand for advanced weapons and ammunition in the region. Illegal activities such as smuggling, unauthorized mining, and poaching are also prevalent in the MEA countries, prompting governments of the MEA countries to procure advanced weapons to strengthen law enforcement and military forces.
Middle East & Africa Ammunition Market Segmentation
The Middle East & Africa Ammunition Market is segmented into product, application, guidance, lethality, caliber, and country.The Middle East & Africa ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2021, the aerial bombs segment dominated market.
The ammunition market by application is segmented into defense and commercial. In 2021, the defense segment dominated the Middle East & Africa ammunition market.
The Middle East & Africa ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021.
The Middle East & Africa ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021.
The Middle East & Africa ammunition market, by caliber, is segmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. In 2021, the large caliber ammunitions segment held the largest market share in 2021.
- Based on country, the market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the market in 2021. BAE Systems, Elbit Systems Ltd, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, and Thales Group are the leading companies operating in the ammunition market in the region.
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Ammunition Market Landscape
5. MEA Ammunition Market - Key Market Dynamics
6. Ammunition Market - MEA Analysis
7. MEA Ammunition Market Analysis - by Product
8. MEA Ammunition Market Analysis - by Application
9. MEA Ammunition Market Analysis - by Guidance
10. MEA Ammunition Market Analysis - by Lethality
11. MEA Ammunition Market Analysis - by Caliber
12. MEA Ammunition Market - Country Analysis
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned
- Bae Systems
- Elbit Systems Ltd
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall Ag
- Thales Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 164 |
| Published | November 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( $ | $ 3762.63 Million |
| Forecasted Market Value ( $ | $ 5191.23 Million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 6 |
