Market Introduction
The aerospace and defense industry across the Middle East and Africa has experienced a reduction in defense spending in recent years owing to the decreasing government revenues from industries, such as oil. However, modernization in military aircraft and vehicles has been observed across countries, such as the UAE, Qatar, and Morocco. The rising geopolitical and military disputes across the region have led to the rise in the procurement of military aircraft, vehicles, and weapons. Additionally, the rising investments by the local aircraft manufacturers across the Middle East and Africa are expected to drive the demand for backshells across the region in the coming years. For instance, Farwest Aircraft, Inc., in collaboration with Continental Aviation Services (CAS) of Abu Dhabi, opened local manufacturing and supply centers in Middle East. The rise in local manufacturing of the aircraft across the region would increase the demand for backshells by the company, thereby contributing to the growth of the backshell market. Moreover, countries such as Saudi Arabia, Turkey, Qatar, and the UAE are making huge investments in developing their naval capabilities. For instance, in April 2019, the Government of Germany signed a deal of US$ 2.58 billion with Egyptian Navy for the delivery of six frigates. Such procurement of armed vehicles is expected to create demand for backshells for the repair and maintenance of the electricals in the frigates in the future.
Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main countries facing the impact of COVID-19 in the Middle East and Africa. Saudi Arabia's economy shrank by 7% in the second quarter, indicating how hard the latest coronavirus struck both the oil and non-oil industries, and unemployment reached a new high of 15.4%. The sudden spread of the pandemic resulted to a standstill in the economy and reduced the investment or diverted the major investments by the government bodies towards covid-19 relief. The manufacturing and supply chain of aircraft and its components were severely impacted. Major imports from countries like United States, and China were temporary closed owing to the supply chain disruptions across the region. Manufacturing facilities of companies like Farwest Aircraft, Inc. were temporary closed down thereby impacting the production of aircrafts. Thus, the above-mentioned factors have negatively impacted the backshell market of the region owing to the outbreak of the pandemic.
Market Overview and Dynamics
The backshell market in Middle East & Africa is expected to grow from US$ 62.34 million in 2021 to US$ 77.47 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. As world warfare continues to emerge in different ways, various nations plan and undertake measures to improve and recapitalize their defense status. Threats are continually evolving, i.e., from the conventional land-based force on force to hybrid warfare. To address security threats and tackle terrorism, governments of several nations have already started to increase their defense budgets. Saudi Arabia is among the leading countries that are increasing their defense budget year on year. A substantial amount of military budget is getting allocated for the procurement of advanced military carrier and combat aircraft, vehicles, and naval vessels. The AS85049 Series, MIL-DTL-38999, MIL-DTL-83723, MIL-DTL-5015, and MIL-DTL-26482 are a few major military-grade connectors that are widely used across the components of advanced military carrier and combat aircraft, vehicles, and naval vessels. To safeguard the connectors, several backshells with a similar military grade to the above-mentioned connectors are being produced by various manufacturers. This is catalyzing the growth of the backshell market in the current scenario. From the production perspective of military aircraft, military ground vehicles, and naval ships, the production volume is surging at a decent rate, which is supporting the growth of the backshell market.
Key Market Segments
In terms of type, the circular segment held a larger share in 2020. Based on material, the stainless steel segment held the largest share in 2020. Based on military standard, the AS85049 series segment held the largest share in 2020. Based on application, the ground segment held the largest share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the backshell market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amphenol Corporation; Collins Aerospace; TE Connectivity; Souriau Sunbank; Arrow Electronics, Inc.; and Techniran Ltd among others.
Reasons to buy report
Middle East & Africa Backshell Market Segmentation
Middle East & Africa Backshell Market – By Type
Middle East & Africa Backshell Market – By Material
Middle East & Africa Backshell Market – By Military Standard
Middle East & Africa Backshell Market – By Application
Middle East & Africa Backshell Market – By Country
Middle East & Africa Backshell Market – Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 62.34 Million |
| Market Size by 2028 | US$ 77.47 Million |
| CAGR (2021 - 2028) | 3.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Backshell Market is valued at US$ 62.34 Million in 2021, it is projected to reach US$ 77.47 Million by 2028.
As per our report Middle East and Africa Backshell Market, the market size is valued at US$ 62.34 Million in 2021, projecting it to reach US$ 77.47 Million by 2028. This translates to a CAGR of approximately 3.2% during the forecast period.
The Middle East and Africa Backshell Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Backshell Market report:
The Middle East and Africa Backshell Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Backshell Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Backshell Market value chain can benefit from the information contained in a comprehensive market report.
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