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Middle East & Africa Ammunition Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, and Others), Application (Defense and Commercial), Guidance (Guided and Non-Guided), Lethality (Non-Lethal and Lethal), and Caliber [Small Caliber Ammunition (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, .45ACP, 338LM, 22LR, .223 Rem, and .308 Winchester), Medium Caliber Ammunition (20mm, 30mm, 40mm, and Others), and Large Caliber Ammunition (60mm, 105mm, 120mm, 150mm, and Others)]
Market Report I 2022-11-15 I 164 Pages I The Insight Partners
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 Across Firearms Industry
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.
The growth of the MEA ammunition market is attributed to the constantly rising military expenditure across the region for procuring advanced military vessels, equipment, and weapons. For instance, Saudi Arabia signed a deal to purchase US$ 350 billion worth of weapons, such as tanks, combat ships, missile defense systems, radar and communication systems, and cybersecurity technology, from the US by 2027. This contract creates a demand for well-compatible ammo with the whole case, primer, powder, and the projectile is expected to boost the market growth during the forecast period.
Middle East & Africa Ammunition Market Revenue and Forecast to 2028 (US$ Million)
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
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Ammunition Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Ammunition Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Military Spending Promotes Procurement of Ammunitions are Rising in the Region
5.1.2 Introduction of Lightweight Ammunitions
5.2 Key Market Restraints
5.2.1 Shortage of Ammunition After FY 2020
5.3 Key Market Opportunities
5.3.1 Rising Demand for Guided Ammunitions from Emerging Countries
5.4 Future Trends
5.4.1 Technological Advancements Across Firearms Industry
5.5 Impact Analysis of Drivers and Restraints
6. Ammunition Market - MEA Analysis
6.1 MEA Ammunition Market Forecast and Analysis
7. MEA Ammunition Market Analysis - by Product
7.1 Overview
7.2 MEA Ammunition Market Breakdown, by Product, 2021 and 2028
7.3 Bullets
7.3.1 Overview
7.3.2 Bullets: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Aerial Bomb
7.4.1 Overview
7.4.2 Aerial Bomb: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.5 Grenades
7.5.1 Overview
7.5.2 Grenades: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.6 Artillery Shells
7.6.1 Overview
7.6.2 Artillery Shells: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.7 Mortars
7.7.1 Overview
7.7.2 Mortars: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
8. MEA Ammunition Market Analysis - by Application
8.1 Overview
8.2 MEA Ammunition Market Breakdown, by Application, 2021 and 2028
8.3 Defense
8.3.1 Overview
8.3.2 Defense: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
9. MEA Ammunition Market Analysis - by Guidance
9.1 Overview
9.2 MEA Ammunition Market Breakdown, by Guidance, 2021 and 2028
9.3 Guided
9.3.1 Overview
9.3.2 Guided: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Non-Guided
9.4.1 Overview
9.4.2 Non-Guided: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
10. MEA Ammunition Market Analysis - by Lethality
10.1 Overview
10.2 MEA Ammunition Market Breakdown, by Lethality, 2021 and 2028
10.3 Non-Lethal
10.3.1 Overview
10.3.2 Non-Lethal: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Lethal
10.4.1 Overview
10.4.2 Lethal: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
11. MEA Ammunition Market Analysis - by Caliber
11.1 Overview
11.2 MEA Ammunition Market Breakdown, by Caliber, 2021 and 2028
11.3 Small Caliber Ammunition
11.3.1 Overview
11.3.2 Small Caliber Ammunition: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
11.4 Medium Caliber Ammunition
11.4.1 Overview
11.4.2 Medium Caliber Ammunition: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
11.5 Large Caliber Ammunition
11.5.1 Overview
11.5.2 Large Caliber Ammunition: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
12. MEA Ammunition Market - Country Analysis
12.1 Overview
12.1.1 MEA: Ammunition Market, by Key Country
12.1.1.1 South Africa: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.1.1.1.1 South Africa: Ammunition Market, by Product
12.1.1.1.2 South Africa: Ammunition Market, by Application
12.1.1.1.3 South Africa: Ammunition Market, by Guidance
12.1.1.1.4 South Africa: Ammunition Market, by Lethality
12.1.1.1.5 South Africa: Ammunition Market, by Caliber
12.1.1.1.5.1 South Africa: Ammunition Market, by Small Caliber Ammunition
12.1.1.1.5.2 South Africa: Ammunition Market, by Medium Caliber Ammunition
12.1.1.1.5.3 South Africa: Ammunition Market, by Large Caliber Ammunition
12.1.1.2 Saudi Arabia: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.1.1.2.1 Saudi Arabia: Ammunition Market, by Product
12.1.1.2.2 Saudi Arabia: Ammunition Market, by Application
12.1.1.2.3 Saudi Arabia: Ammunition Market, by Guidance
12.1.1.2.4 Saudi Arabia: Ammunition Market, by Lethality
12.1.1.2.5 Saudi Arabia: Ammunition Market, by Caliber
12.1.1.2.5.1 Saudi Arabia: Ammunition Market, by Small Caliber Ammunition
12.1.1.2.5.2 Saudi Arabia: Ammunition Market, by Medium Caliber Ammunition
12.1.1.2.5.3 Saudi Arabia: Ammunition Market, by Large Caliber Ammunition
12.1.1.3 UAE: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.1.1.3.1 UAE: Ammunition Market, by Product
12.1.1.3.2 UAE: Ammunition Market, by Application
12.1.1.3.3 UAE: Ammunition Market, by Guidance
12.1.1.3.4 UAE: Ammunition Market, by Lethality
12.1.1.3.5 UAE: Ammunition Market, by Caliber
12.1.1.3.5.1 UAE: Ammunition Market, by Small Caliber Ammunition
12.1.1.3.5.2 UAE: Ammunition Market, by Medium Caliber Ammunition
12.1.1.3.5.3 UAE: Ammunition Market, by Large Caliber Ammunition
12.1.1.4 Rest of MEA: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.1.1.4.1 Rest of MEA: Ammunition Market, by Product
12.1.1.4.2 Rest of MEA: Ammunition Market, by Application
12.1.1.4.3 Rest of MEA: Ammunition Market, by Guidance
12.1.1.4.4 Rest of MEA: Ammunition Market, by Lethality
12.1.1.4.5 Rest of MEA: Ammunition Market, by Caliber
12.1.1.4.5.1 Rest of MEA: Ammunition Market, by Small Caliber Ammunition
12.1.1.4.5.2 Rest of MEA: Ammunition Market, by Medium Caliber Ammunition
12.1.1.4.5.3 Rest of MEA: Ammunition Market, by Large Caliber Ammunition
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Northrop Grumman Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 BAE Systems
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Elbit Systems Ltd.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Raytheon Technologies Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Rheinmetall AG
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Thales Group
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. MEA Ammunition Market, Revenue and Forecast, 2020-2028 (US$ Million)
Table 2. South Africa: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 7. South Africa: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 8. South Africa: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 9. South Africa: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 10. Saudi Arabia: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 11. Saudi Arabia: Ammunition Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 12. Saudi Arabia: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 13. Saudi Arabia: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 14. Saudi Arabia: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 15. Saudi Arabia: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 16. Saudi Arabia: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 17. Saudi Arabia: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 18. UAE: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 19. UAE: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 20. UAE: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 21. UAE: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 22. UAE: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 23. UAE: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 24. UAE: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 25. UAE: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of MEA: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of MEA: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of MEA: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 29. Rest of MEA: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 30. Rest of MEA: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of MEA: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of MEA: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of MEA: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 34. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Ammunition Market Segmentation
Figure 2. MEA Ammunition Market Segmentation - By Country
Figure 3. MEA Ammunition Market Overview
Figure 4. MEA Ammunition Market, By Product
Figure 5. MEA Ammunition Market, By Application
Figure 6. MEA Ammunition Market, By Guidance
Figure 7. MEA Ammunition Market, By Country
Figure 8. Porter's Five Forces Analysis
Figure 9. MEA Ammunition Market- Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. MEA Ammunition Market: Impact Analysis of Drivers and Restraints
Figure 12. MEA Ammunition Market, Forecast and Analysis (US$ Million)
Figure 13. MEA Ammunition Market Revenue Share, by Product (2021 and 2028)
Figure 14. MEA Bullets: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Aerial Bomb: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Grenades: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Artillery Shells: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Mortars: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Others: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Ammunition Market Revenue Share, by Application (2021 and 2028)
Figure 21. MEA Defense: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Commercial: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Ammunition Market Revenue Share, by Guidance (2021 and 2028)
Figure 24. MEA Guided: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA Non-Guided: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. MEA Ammunition Market Revenue Share, by Lethality (2021 and 2028)
Figure 27. MEA Non-Lethal: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. MEA Lethal: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. MEA Ammunition Market Revenue Share, by Caliber (2021 and 2028)
Figure 30. MEA Small Caliber Ammunition: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. MEA Medium Caliber Ammunition: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. MEA Large Caliber Ammunition: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. MEA: Ammunition Market, by Key Country - Revenue (2021) (US$ Million)
Figure 34. MEA: Ammunition Market Revenue Share, by Key Country (2021 and 2028)
Figure 35. South Africa: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 36. Saudi Arabia: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. UAE: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of MEA: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
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