KEY FINDINGS
The Middle East & Africa vetronics market is set to record a CAGR of 3.43% during the forecast period, 2022-2030. Algeria, Israel, Saudi Arabia, and Turkey are making heavy investments in procuring armored vehicles and tanks with the latest electronics like communication systems and electronic warfare. However, limited defense budgets in the developing nations of the region like Nicaragua, Jordan, and Algeria are restricting consistent investments for acquiring cutting-edge defensive electronics systems.
MARKET INSIGHTS
Morocco, Israel, Egypt, Saudi Arabia, Turkey, Algeria, Iran, and Rest of Middle East & Africa are assessed for the Middle East & Africa vetronics market growth evaluation. In Turkey, the market expansion is attributed to the business prospects of companies. For instance, FNSS, a Turkish defense company, supplies tracked armored combat vehicles and modernized M113 armored personnel carriers for the Royal Saudi Land Forces. Additionally, the corporation runs the Royal Saudi Land Forces' Automotive and Upgrade Centre (AUC) in Al-Kharj and has been undertaking the M113 vehicle upgrade for almost fifteen years. Besides, the business delivers Armored Command Post Vehicles based on the FNSS ACV-19, thereby contributing to the growth of the market analyzed in Turkey.
Further, Israel is planning to spend more on buying hundreds of combat vehicles from Israel Aerospace Industries (IAI) for its Special Forces. Also, IAI's ZD Negeva and Z-MAG cars are purchased by the Directorate of Production and Procurement. Such factors propel market growth in these countries.
COMPETITIVE INSIGHTS
Some of the eminent companies in the Middle East & Africa vetronics market include Leonardo SpA, Lockheed Martin, Northrop Grumman, General Dynamics Corporation, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Middle East & Africa Vetronics Market Forecast 2022-2030
Table Of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Drivers
3.1.1. Technological Developments
3.1.2. Standardization Of Vetronics System (Open Architecture)
3.1.3. Continuous Efforts In Research And Development
3.1.4. Military Modernization Programs
3.2. Key Restraints
3.2.1. Cyber Security
3.2.2. Decreasing Defense Budget
3.2.3. Regulations
4. Key Analytics
4.1. Impact Of Covid-19 On Vetronics Market
4.2. Key Market Trends
4.3. Porter's Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
4.6. Value Chain Analysis
4.6.1. Component Providers
4.6.2. System Manufacturers / Oems
4.6.3. Distribution
4.6.4. End-Users
4.6.5. Aftermarket Services
5. Military Land Forces Analysis
5.1. Israel
5.1.1. Israel - Overview
5.1.2. Israel - Vehicle & Artillery
5.1.3. Israel - Land Systems
6. Market By Vehicle Type
6.1. Tanks
6.2. Armored Vehicles
6.3. Artillery
6.4. Rocket Projectors
7. Market By System
7.1. Electronic Warfare & C4 System
7.2. Navigation System
7.3. Power System
7.4. Vehicle Protection System
8. Market By End-User
8.1. Defense
8.2. Homeland Security
9. Geographical Analysis
9.1. Middle East & Africa
9.1.1. Market Size & Estimates
9.1.2. Key Growth Enablers
9.1.3. Key Challenges
9.1.4. Key Players
9.1.5. Country Analysis
9.1.5.1. Egypt
9.1.5.2. Turkey
9.1.5.3. Iran
9.1.5.4. Israel
9.1.5.5. Saudi Arabia
9.1.5.6. Algeria
9.1.5.7. Morocco
9.1.5.8. Rest Of Middle East & Africa
10. Competitive Landscape
10.1. Key Strategic Developments
10.1.1. Mergers & Acquisitions
10.2. Company Profiles
10.2.1. Bae Systems
10.2.2. Curtiss-Wright
10.2.3. General Dynamics Corporation
10.2.4. L3hariss Technologies
10.2.5. Leonardo Spa
10.2.6. Lockheed Martin
10.2.7. Norinco - China
10.2.8. Northrop Grumman
10.2.9. Raytheon Technologies
10.2.10. Rheinmetall Ag
10.2.11. Saab Ab
10.2.12. Thales Group
List Of Tables
Table 1: Market Snapshot - Vetronics
Table 2: Israel - Land Systems
Table 3: Middle East & Africa Vetronics Market, By Vehicle Type, Historical Years, 2018-2021 (In $ Million)
Table 4: Middle East & Africa Vetronics Market, By Vehicle Type, Forecast Years, 2022-2030 (In $ Million)
Table 5: Middle East & Africa Vetronics Market, By System, Historical Years, 2018-2021 (In $ Million)
Table 6: Middle East & Africa Vetronics Market, By System, Forecast Years, 2022-2030 (In $ Million)
Table 7: Middle East & Africa Vetronics Market, By End-User, Historical Years, 2018-2021 (In $ Million)
Table 8: Middle East & Africa Vetronics Market, By End-User, Forecast Years, 2022-2030 (In $ Million)
Table 9: Middle East & Africa Vetronics Market, By Country, Historical Years, 2018-2021 (In $ Million)
Table 10: Middle East & Africa Vetronics Market, By Country, Forecast Years, 2022-2030 (In $ Million)
Table 11: Leading Players Operating In Middle East & Africa Vetronics Market
Table 12: List Of Mergers & Acquisitions
List Of Figures
Figure 1: Key Market Trends
Figure 2: Porter's Five Forces Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Israel - Vehicle & Artillery
Figure 6: Middle East & Africa Vetronics Market, Growth Potential, By Vehicle Type, In 2021
Figure 7: Middle East & Africa Vetronics Market, By Tanks, 2022-2030 (In $ Million)
Figure 8: Middle East & Africa Vetronics Market, By Armored Vehicles, 2022-2030 (In $ Million)
Figure 9: Middle East & Africa Vetronics Market, By Artillery, 2022-2030 (In $ Million)
Figure 10: Middle East & Africa Vetronics Market, By Rocket Projectors, 2022-2030 (In $ Million)
Figure 11: Middle East & Africa Vetronics Market, Growth Potential, By System, In 2021
Figure 12: Middle East & Africa Vetronics Market, By Electronic Warfare & C4 System, 2022-2030 (In $ Million)
Figure 13: Middle East & Africa Vetronics Market, By Navigation System, 2022-2030 (In $ Million)
Figure 14: Middle East & Africa Vetronics Market, By Power System, 2022-2030 (In $ Million)
Figure 15: Middle East & Africa Vetronics Market, By Vehicle Protection System, 2022-2030 (In $ Million)
Figure 16: Middle East & Africa Vetronics Market, Growth Potential, By End-User, In 2021
Figure 17: Middle East & Africa Vetronics Market, By Defense, 2022-2030 (In $ Million)
Figure 18: Middle East & Africa Vetronics Market, By Homeland Security, 2022-2030 (In $ Million)
Figure 19: Middle East & Africa Vetronics Market, Country Outlook, 2021 & 2030 (In %)
Figure 20: Egypt Vetronics Market, 2022-2030 (In $ Million)
Figure 21: Turkey Vetronics Market, 2022-2030 (In $ Million)
Figure 22: Iran Vetronics Market, 2022-2030 (In $ Million)
Figure 23: Israel Vetronics Market, 2022-2030 (In $ Million)
Figure 24: Saudi Arabia Vetronics Market, 2022-2030 (In $ Million)
Figure 25: Algeria Vetronics Market, 2022-2030 (In $ Million)
Figure 26: Morocco Vetronics Market, 2022-2030 (In $ Million)
Figure 27: Rest Of Middle East & Africa Vetronics Market, 2022-2030 (In $ Million)
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