Middle East & Africa Vetronics Market Forecast 2022-2030
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
- 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
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook