Market by Land-based Fleet Type, Component, Vertical, and Country Outlook | Forecast 2022-2028
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:
·     Â
Market
CAGR during the forecasting years 2022-2028
·     Â
Detailed
data highlighting key insights, industry components, and market strategies
·     Â
Comprehensive
information and estimation of the vetronics market revenue growth in the Middle
East and Africa and its influence on the parent market
·     Â
In-depth
study of forthcoming trends in consumer behavioral patterns
·     Â
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter's Five Forces Model
·     Â
A
wide-ranging study of factors that will challenge the Middle East and Africa
vetronics market's growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.Â
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VIEW REPORT1. 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
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)
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)