MIDDLE EAST AND AFRICA VETRONICS MARKET 2022-2028

Aerospace & Defense | Defense

MIDDLE EAST AND AFRICA VETRONICS MARKET 2022-2028

Market by Land-based Fleet Type, Component, Vertical, and Country Outlook | Forecast 2022-2028

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As per a report by Triton Market Research, the vetronics market in the Middle East and Africa is anticipated to surge at a CAGR of 4.71% during the forecast period 2022-2028.


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The countries studied in this market include:

•         Egypt

•         Saudi Arabia

•         Turkey

•         Iran

•         Israel

•         Algeria

•         Morocco

•         Rest of Middle East & Africa

The Middle East and Africa has seen tremendous expansion in the vetronics market due to increased land-based vehicle procurements. Several nations, including Egypt, Iran, Turkey, and others, are engaged in various initiatives to update their land-based systems. Industry participants like JFK Defense, NIMR Automotive, and others are investing significantly in the research and development of the studied market.

Furthermore, government contracts in collaboration with market players to develop and modernize obsolete fleet are fueling the growth of the vetronics market. Turkey, Saudi Arabia, Israel, and Algeria significantly invest in armored vehicles and tanks outfitted with the most modern technology, including electronic warfare and communication systems.

The Iranian air defense forces' exercise "Defenders of the Velayet Skies 1400" in October 2021 featured brand-new short-range air-defense (SHORAD) missile weaponry, demonstrating an increased emphasis on thwarting low-altitude strikes. The test footage of the AD-08 "Majid" air defense system, which was put to the test during the exercise, was made public by Iranian military correspondents. A fast-spinning electro-optical (EO) sensor and missile launch tubes on either side were among the electronic devices that made up the AD-08 Majid, which was described as being installed on the back of a light tactical vehicle.

Israel intends to spend more than $28 million on hundreds of combat vehicles for the country's Special Forces from Israel Aerospace Industries (IAI). In June 2022, the Directorate of Production and Procurement purchased IAI's Z-MAG and ZD Negeva cars. The cars' weights will range from 1.5 to 2.5 tons. These land vehicles will significantly improve operational capabilities in combat mobility by incorporating IAI's broad range of capabilities in AI, remote sensing, and communications.

Highly portable rocket artillery, the Lockheed Martin Missiles and Fire Control MLRS M270, have been utilized effectively in combat. Militaries of countries such as Bahrain, Finland, Egypt, France, Germany, Greece, Israel, Italy, Saudi Arabia, Japan, South Korea, Turkey, the United States, and the United Kingdom have deployed the MLRS system. Lockheed Martin received a $226 million contract in June 2020 to refurbish 44 more M270s. The studied report assesses the market's growth based on land-based fleet type, vertical, and component. Here, the rocket projectors, land-based fleet type, included tanks, armored vehicles, and artillery.

The key players in the vetronics market include BAE Systems, Lockheed Martin Corporation, Leonardo S.p.A, Thales Group, and Rheinmetall AG.

Lockheed Martin Corporation is a security and aerospace company established in 1995. It is engaged in the development, production, integration, and upkeep of technical systems, goods, and services. It provides administrative, engineering, technological, and scientific services in addition to system integration and cybersecurity. The company's four primary divisions are Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. Lockheed Martin offers assistance to government agencies in the areas of information technology, homeland security, intelligence, and space.

Key deliverables of the report:

·       Market CAGR during the forecasting years 2022-2028

·       Detailed data highlighting key insights, industry components, and market strategies

·       Comprehensive information and estimation of the vetronics market revenue growth in the Middle East and Africa and its influence on the parent market

·       In-depth study of forthcoming trends in consumer behavioral patterns

·       A meticulous analysis of the competitive landscape, vendor scorecard, and Porter's Five Forces Model

·       A wide-ranging study of factors that will challenge the Middle East and Africa vetronics market's growth during the upcoming years

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Table of Content

1. MIDDLE EAST AND AFRICA VETRONICS MARKET- SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE VETRONICS MARKET

2.2. KEY INSIGHTS

2.2.1. GROWING INVESTMENTS IN HYBRID MILITARY VEHICLES

2.2.2. RISING MILITARY LAND-VEHICLE INVENTORY

2.3. PORTER'S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. INDUSTRY COMPONENTS

2.6.1. COMPONENT PROVIDERS

2.6.2. SYSTEM MANUFACTURERS/OEMs

2.6.3. DISTRIBUTION CHANNELS

2.6.4. END-USERS

2.6.5. AFTERMARKET SERVICES

2.7. KEY MARKET STRATEGY

2.7.1. ACQUISITIONS

2.8. MARKET DRIVERS

2.8.1. OPEN ARCHITECTURE OF VETRONICS SYSTEMS

2.8.2. ONGOING MILITARY MODERNIZATION OF LAND-BASED VEHICLE INVENTORY

2.8.3. ADVANCEMENTS IN BATTLEFIELD TECHNOLOGY

2.9. MARKET CHALLENGES

2.9.1. CUT-OFFS IN DEFENSE BUDGET

2.9.2. RISING COST OF RAW MATERIALS

2.9.3. USABILITY REGULATIONS

2.10. MARKET OPPORTUNITY

2.10.1. INVESTMENTS IN RESEARCH & DEVELOPMENT

3. MIDDLE EAST AND AFRICA VETRONICS MARKET OUTLOOK - LAND-BASED FLEET TYPE

3.1. TANKS

3.2. ARMORED VEHICLES

3.3. ARTILLERY

3.4. ROCKET PROJECTORS

4. MIDDLE EAST AND AFRICA VETRONICS MARKET OUTLOOK - BY COMPONENT

4.1. ELECTRONIC WARFARE & C4 SYSTEMS

4.2. NAVIGATION SYSTEMS

4.3. POWER SYSTEMS

4.4. VEHICLE PROTECTION SYSTEMS

5. MIDDLE EAST AND AFRICA VETRONICS MARKET OUTLOOK - BY VERTICAL

5.1. DEFENSE

5.2. HOMELAND SECURITY

6. MIDDLE EAST AND AFRICA VETRONICS MARKET– COUNTRY OUTLOOK

6.1. EGYPT

6.2. TURKEY

6.3. IRAN

6.4. ISRAEL

6.5. SAUDI ARABIA

6.6. ALGERIA

6.7. MOROCCO

6.8. REST OF MIDDLE EAST & AFRICA

7. COMPETITIVE LANDSCAPE

7.1. CURTISS-WRIGHT

7.2. BAE SYSTEMS

7.3. THALES GROUP

7.4. GENERAL DYNAMICS CORPORATION

7.5. LOCKHEED MARTIN CORPORATION

7.6. RHEINMETALL AG

7.7. RAYTHEON TECHNOLOGIES

7.8. L3HARRIS TECHNOLOGIES

7.9. SAAB AB

7.10. LEONARDO S.P.A

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: MIDDLE EAST AND AFRICA VETRONICS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF ACQUISITIONS

TABLE 4: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY LAND-BASED FLEET TYPE, 2022-2028 (IN $ MILLION)

TABLE 5: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY COMPONENT, 2022-2028, (IN $ MILLION)

TABLE 6: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY VERTICAL, 2022-2028 (IN $ MILLION)

TABLE 7: MIDDLE EAST AND AFRICA VETRONICS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY LAND-BASED FLEET TYPE, 2021 & 2028 (IN %)

FIGURE 3: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY TANKS, 2022-2028 (IN $ MILLION)

FIGURE 4: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY ARMORED VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 5: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY ARTILLERY, 2022-2028 (IN $ MILLION)

FIGURE 6: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY ROCKET PROJECTORS, 2022-2028 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY COMPONENT, 2021 & 2028 (IN %)

FIGURE 8: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY ELECTRONIC WARFARE & C4 SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY NAVIGATION SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 10: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY POWER SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY VEHICLE PROTECTION SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY VERTICAL, 2021 & 2028 (IN %)

FIGURE 13: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY DEFENSE, 2022-2028 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA VETRONICS MARKET, BY HOMELAND SECURITY, 2022-2028 (IN $ MILLION)

FIGURE 15: MIDDLE EAST AND AFRICA VETRONICS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 16: EGYPT VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 17: TURKEY VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 18: IRAN VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 19: ISRAEL VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 20: SAUDI ARABIA VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 21: ALGERIA VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: MOROCCO VETRONICS MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: REST OF MIDDLE EAST & AFRICA VETRONICS MARKET 2022-2028 (IN $ MILLION)

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