Middle East & Africa Ammunition Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, and Others), Application (Defense and Commercial), Guidance (Guided and Non-Guided), Lethality (Non-Lethal and Lethal), and Caliber [Small Caliber Ammunition (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, .45ACP, 338LM, 22LR, .223 Rem, and .308 Winchester), Medium Caliber Ammunition (20mm, 30mm, 40mm, and Others), and Large Caliber Ammunition (60mm, 105mm, 120mm, 150mm, and Others)]

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)

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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.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. MEA Ammunition Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Buyers

4.2.2 Bargaining Power of Suppliers

4.2.3 Threat to New Entrants

4.2.4 Threat to Substitutes

4.2.5 Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. MEA Ammunition Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Military Spending Promotes Procurement of Ammunitions are Rising in the Region

5.1.2 Introduction of Lightweight Ammunitions

5.2 Key Market Restraints

5.2.1 Shortage of Ammunition After FY 2020

5.3 Key Market Opportunities

5.3.1 Rising Demand for Guided Ammunitions from Emerging Countries

5.4 Future Trends

5.4.1 Technological Advancements Across Firearms Industry

5.5 Impact Analysis of Drivers and Restraints

6. Ammunition Market – MEA Analysis

6.1 MEA Ammunition Market Forecast and Analysis

7. MEA Ammunition Market Analysis – by Product

7.1 Overview

7.2 MEA Ammunition Market Breakdown, by Product, 2021 and 2028

7.3 Bullets

7.3.1 Overview

7.3.2 Bullets: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.4 Aerial Bomb

7.4.1 Overview

7.4.2 Aerial Bomb: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.5 Grenades

7.5.1 Overview

7.5.2 Grenades: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.6 Artillery Shells

7.6.1 Overview

7.6.2 Artillery Shells: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.7 Mortars

7.7.1 Overview

7.7.2 Mortars: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.8 Others

7.8.1 Overview

7.8.2 Others: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

8. MEA Ammunition Market Analysis – by Application

8.1 Overview

8.2 MEA Ammunition Market Breakdown, by Application, 2021 and 2028

8.3 Defense

8.3.1 Overview

8.3.2 Defense: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Commercial

8.4.1 Overview

8.4.2 Commercial: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

9. MEA Ammunition Market Analysis – by Guidance

9.1 Overview

9.2 MEA Ammunition Market Breakdown, by Guidance, 2021 and 2028

9.3 Guided

9.3.1 Overview

9.3.2 Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

9.4 Non-Guided

9.4.1 Overview

9.4.2 Non-Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

10. MEA Ammunition Market Analysis – by Lethality

10.1 Overview

10.2 MEA Ammunition Market Breakdown, by Lethality, 2021 and 2028

10.3 Non-Lethal

10.3.1 Overview

10.3.2 Non-Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Lethal

10.4.1 Overview

10.4.2 Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

11. MEA Ammunition Market Analysis – by Caliber

11.1 Overview

11.2 MEA Ammunition Market Breakdown, by Caliber, 2021 and 2028

11.3 Small Caliber Ammunition

11.3.1 Overview

11.3.2 Small Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

11.4 Medium Caliber Ammunition

11.4.1 Overview

11.4.2 Medium Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

11.5 Large Caliber Ammunition

11.5.1 Overview

11.5.2 Large Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

12. MEA Ammunition Market – Country Analysis

12.1 Overview

12.1.1 MEA: Ammunition Market, by Key Country

12.1.1.1 South Africa: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.1.1 South Africa: Ammunition Market, by Product

12.1.1.1.2 South Africa: Ammunition Market, by Application

12.1.1.1.3 South Africa: Ammunition Market, by Guidance

12.1.1.1.4 South Africa: Ammunition Market, by Lethality

12.1.1.1.5 South Africa: Ammunition Market, by Caliber

12.1.1.1.5.1 South Africa: Ammunition Market, by Small Caliber Ammunition

12.1.1.1.5.2 South Africa: Ammunition Market, by Medium Caliber Ammunition

12.1.1.1.5.3 South Africa: Ammunition Market, by Large Caliber Ammunition

12.1.1.2 Saudi Arabia: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.2.1 Saudi Arabia: Ammunition Market, by Product

12.1.1.2.2 Saudi Arabia: Ammunition Market, by Application

12.1.1.2.3 Saudi Arabia: Ammunition Market, by Guidance

12.1.1.2.4 Saudi Arabia: Ammunition Market, by Lethality

12.1.1.2.5 Saudi Arabia: Ammunition Market, by Caliber

12.1.1.2.5.1 Saudi Arabia: Ammunition Market, by Small Caliber Ammunition

12.1.1.2.5.2 Saudi Arabia: Ammunition Market, by Medium Caliber Ammunition

12.1.1.2.5.3 Saudi Arabia: Ammunition Market, by Large Caliber Ammunition

12.1.1.3 UAE: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.3.1 UAE: Ammunition Market, by Product

12.1.1.3.2 UAE: Ammunition Market, by Application

12.1.1.3.3 UAE: Ammunition Market, by Guidance

12.1.1.3.4 UAE: Ammunition Market, by Lethality

12.1.1.3.5 UAE: Ammunition Market, by Caliber

12.1.1.3.5.1 UAE: Ammunition Market, by Small Caliber Ammunition

12.1.1.3.5.2 UAE: Ammunition Market, by Medium Caliber Ammunition

12.1.1.3.5.3 UAE: Ammunition Market, by Large Caliber Ammunition

12.1.1.4 Rest of MEA: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.4.1 Rest of MEA: Ammunition Market, by Product

12.1.1.4.2 Rest of MEA: Ammunition Market, by Application

12.1.1.4.3 Rest of MEA: Ammunition Market, by Guidance

12.1.1.4.4 Rest of MEA: Ammunition Market, by Lethality

12.1.1.4.5 Rest of MEA: Ammunition Market, by Caliber

12.1.1.4.5.1 Rest of MEA: Ammunition Market, by Small Caliber Ammunition

12.1.1.4.5.2 Rest of MEA: Ammunition Market, by Medium Caliber Ammunition

12.1.1.4.5.3 Rest of MEA: Ammunition Market, by Large Caliber Ammunition

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 New Product Development

14. Company Profiles

14.1 Northrop Grumman Corporation

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 BAE Systems

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Elbit Systems Ltd.

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Raytheon Technologies Corporation

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Rheinmetall AG

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Thales Group

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES

Table 1. MEA Ammunition Market, Revenue and Forecast, 2020–2028 (US$ Million)

Table 2. South Africa: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 3. South Africa: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 4. South Africa: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 5. South Africa: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 6. South Africa: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 7. South Africa: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 8. South Africa: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 9. South Africa: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 10. Saudi Arabia: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 11. Saudi Arabia: Ammunition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12. Saudi Arabia: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 13. Saudi Arabia: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 14. Saudi Arabia: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 15. Saudi Arabia: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 16. Saudi Arabia: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 17. Saudi Arabia: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 18. UAE: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 19. UAE: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 20. UAE: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 21. UAE: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 22. UAE: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 23. UAE: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 24. UAE: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 25. UAE: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 26. Rest of MEA: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 27. Rest of MEA: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 28. Rest of MEA: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 29. Rest of MEA: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 30. Rest of MEA: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 31. Rest of MEA: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 32. Rest of MEA: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 33. Rest of MEA: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 34. List of Abbreviation

LIST OF FIGURES

Figure 1. MEA Ammunition Market Segmentation

Figure 2. MEA Ammunition Market Segmentation – By Country

Figure 3. MEA Ammunition Market Overview

Figure 4. MEA Ammunition Market, By Product

Figure 5. MEA Ammunition Market, By Application

Figure 6. MEA Ammunition Market, By Guidance

Figure 7. MEA Ammunition Market, By Country

Figure 8. Porter’s Five Forces Analysis

Figure 9. MEA Ammunition Market- Ecosystem Analysis

Figure 10. Expert Opinion

Figure 11. MEA Ammunition Market: Impact Analysis of Drivers and Restraints

Figure 12. MEA Ammunition Market, Forecast and Analysis (US$ Million)

Figure 13. MEA Ammunition Market Revenue Share, by Product (2021 and 2028)

Figure 14. MEA Bullets: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. MEA Aerial Bomb: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. MEA Grenades: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. MEA Artillery Shells: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. MEA Mortars: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. MEA Others: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. MEA Ammunition Market Revenue Share, by Application (2021 and 2028)

Figure 21. MEA Defense: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. MEA Commercial: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. MEA Ammunition Market Revenue Share, by Guidance (2021 and 2028)

Figure 24. MEA Guided: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. MEA Non-Guided: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. MEA Ammunition Market Revenue Share, by Lethality (2021 and 2028)

Figure 27. MEA Non-Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. MEA Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. MEA Ammunition Market Revenue Share, by Caliber (2021 and 2028)

Figure 30. MEA Small Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. MEA Medium Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. MEA Large Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. MEA: Ammunition Market, by Key Country – Revenue (2021) (US$ Million)

Figure 34. MEA: Ammunition Market Revenue Share, by Key Country (2021 and 2028)

Figure 35. South Africa: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Saudi Arabia: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. UAE: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Rest of MEA: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa ammunition market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa ammunition market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the ammunition market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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