Middle East & Africa Ammunition Market

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 Strategic Insights

Strategic insights for the Middle East & Africa Ammunition provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Ammunition Report Scope

Middle East & Africa Ammunition Regional Insights

The geographic scope of the Middle East & Africa Ammunition refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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.