Middle East & Africa Electro-Optics in Naval Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Technology (Camera, Sensor and Laser Range Finder), Application (Target Detection, Identification, and Tracking; Surveillance; Fire Control; and Others), End Use (Defense and Commercial)
The Middle East & Africa electro-optics in naval market is expected to grow from US$ 1,327.59 million in 2022 to US$ 1,598.65 million by 2028. It is estimated to grow at a CAGR of 3.1% from 2022 to 2028.
Rapid Developments in Electro-Optics Technology Fuels Middle East & Africa Electro-Optics in Naval Market
Increasing procurement of Unmanned Surface Vessels (USVs) integrated with electro-optics and ongoing developments in electro-optics technology boost the R&D investments to meet the demands of defense and commercial end users in terms of navigation, surveillance, policing, and photography. The naval vessels are isolated from the terrain. Thus, it becomes important for them to possess advanced threat detection and countermeasure systems for their long-time survival from impending threats, thereby accelerating the growth of R&D investments in electro-optic sensors.
Therefore, the pipeline of already commissioned naval vessel projects across different countries and their future deliveries are expected to generate new opportunities for market vendors across different regions during the forecast period.
Middle East & Africa Electro-Optics in Naval Market Overview
Based on country, the Middle East & Africa (MEA) electro-optics in naval market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The region comprises some of the major manufacturers of electro-optic systems that include Elbit Systems Ltd, ASELSAN AS, and Israel Aerospace Industries Ltd. The military sector in many Middle East countries is in the growth stage, and they are putting greater efforts into enhancing the strength of their military forces. As per the global firepower, Egypt, Turkey, Israel, Saudi Arabia, and Iran are prominent countries in this region with good military strength. Besides, government bodies are making massive investments in strengthening their respective armed forces. According to the International Institute for Strategic Studies (IISS), Saudi Arabia is a country with the largest military investments in the region. Riyadh's defense budget was more than the combined budget of the next five biggest spenders (Israel, Iraq, Algeria, Iran, and Oman) in the MEA. Substantial military investments enable these countries to adopt advanced technologies for effective combat.
Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
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Middle East & Africa Electro-Optics in Naval Market Segmentation
The Middle East & Africa electro-optics in naval market is segmented into technology, application, end use, and country.
Based on technology, the Middle East & Africa electro-optics in naval market is segmented into camera, sensor and laser range finder. The camera segment held the largest share of the Middle East & Africa electro-optics in naval market in 2022.
Based on application, the Middle East & Africa electro-optics in naval market is segmented into target detection, identification, and tracking; surveillance; fire control; and others. The surveillance segment held the largest share of the Middle East & Africa electro-optics in naval market in 2022.
Based on end use, the Middle East & Africa electro-optics in naval market is segmented into defense and commercial. The defense segment held a larger share of the Middle East & Africa electro-optics in naval market in 2022.
Based on country, the Middle East & Africa electro-optics in naval market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the share of the Middle East & Africa electro-optics in naval market in 2022.
ASELSAN AS; Elbit Systems Ltd; Israel Aerospace Industries Ltd; L3Harris Technologies Inc; Naval Group SA; Saab AB; Safran SA; and Ultra Electronics Holdings Ltd are the leading companies operating in the Middle East & Africa electro-optics in naval market.
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. Middle East & Africa Electro-Optics in Naval Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Middle East & Africa Electro-Optics in Naval Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Continuous Growth of Defense Sector
5.1.2 Rising Focus of Vendors on Developing Innovative Products
5.2 Market Restraints
5.2.1 Stagnant Lifecycle of Naval Electro-Optic Systems
5.3 MARKET OPPORTUNITIES
5.3.1 Increasing Number of Disputes and Threats to Naval Vessels
5.4 Future Trends
5.4.1 Rapid Developments in Electro-Optics Technology
5.5 Impact Analysis of Drivers and Restraints
6. Electro-Optics in Naval Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Electro-Optics in Naval Market Overview
6.2 Middle East & Africa Electro-Optics in Naval Market Revenue Forecast and Analysis
7. Middle East & Africa Electro-Optics in Naval Market– Technology
7.1 Overview
7.2 Middle East & Africa Electro-Optics in Naval Market, By Technology (2021 & 2028)
7.3 Camera
7.3.1 Overview
7.3.2 Camera: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
7.4 Sensor
7.4.1 Overview
7.4.2 Sensor: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
7.5 Laser Range Finders
7.5.1 Overview
7.5.2 Laser Range Finders: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Electro-Optics in Naval Market– Application
8.1 Overview
8.2 Middle East & Africa Electro-Optics in Naval Market, By Application (2021 & 2028)
8.3 Target Detection, Identification, and Tracking
8.3.1 Overview
8.3.2 Target Detection, Identification, and Tracking: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
8.4 Surveillance
8.4.1 Overview
8.4.2 Surveillance: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
8.5 Fire Control
8.5.1 Overview
8.5.2 Fire Control: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Electro-Optics in Naval Market– End Use
9.1 Overview
9.2 Middle East & Africa Electro-Optics in Naval Market, By End Use (2021 & 2028)
9.3 Defense
9.3.1 Overview
9.3.2 Defense: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.3.3 Frigates
9.3.3.1 Overview
9.3.3.2 Frigates: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.3.4 Corvettes
9.3.4.1 Overview
9.3.4.2 Corvettes: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.3.5 Destroyers
9.3.5.1 Overview
9.3.5.2 Destroyers: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.3.6 Aircraft Carrier
9.3.6.1 Overview
9.3.6.2 Aircraft Carrier: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.3.7 Submarines
9.3.7.1 Overview
9.3.7.2 Submarines: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.3.8 Others
9.3.8.1 Overview
9.3.8.2 Others: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.4.3 Cruise Ships
9.4.3.1 Overview
9.4.3.2 Cruise Ships: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.4.4 Merchant Ships
9.4.4.1 Overview
9.4.4.2 Merchant Ships: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
9.4.5 Cargo Ships
9.4.5.1 Overview
9.4.5.2 Cargo Ships: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
10. Middle East & Africa Electro-Optic in Naval Market – Country Analysis
10.1 Overview
10.1.1 Middle East & Africa Electro-Optic in Naval Market, by Key Country
10.1.2 Saudi Arabia: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (Brazil$ Million)
10.1.2.1 Saudi Arabia: Electro-Optic in Naval Market, By Technology
10.1.2.2 Saudi Arabia: Electro-Optic in Naval Market, by Application
10.1.2.3 Saudi Arabia: Electro-Optic in Naval Market, by End Use
10.1.2.3.1 Saudi Arabia: Electro-Optic in Naval Market, by Defense
10.1.2.3.2 Saudi Arabia: Electro-Optic in Naval Market, by Commercial
10.1.3 South Africa: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (Brazil$ Million)
10.1.3.1 South Africa: Electro-Optic in Naval Market, By Technology
10.1.3.2 South Africa: Electro-Optic in Naval Market, by Application
10.1.3.3 South Africa: Electro-Optic in Naval Market, by End Use
10.1.3.3.1 South Africa: Electro-Optic in Naval Market, by Defense
10.1.3.3.2 South Africa: Electro-Optic in Naval Market, by Commercial
10.1.4 UAE: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (Brazil$ Million)
10.1.4.1 UAE: Electro-Optic in Naval Market, By Technology
10.1.4.2 UAE: Electro-Optic in Naval Market, by Application
10.1.4.3 UAE: Electro-Optic in Naval Market, by End Use
10.1.4.3.1 UAE: Electro-Optic in Naval Market, by Defense
10.1.4.3.2 UAE: Electro-Optic in Naval Market, by Commercial
10.1.5 Rest of MEA: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (Brazil$ Million)
10.1.5.1 Rest of MEA: Electro-Optic in Naval Market, By Technology
10.1.5.2 Rest of MEA: Electro-Optic in Naval Market, by Application
10.1.5.3 Rest of MEA: Electro-Optic in Naval Market, by End Use
10.1.5.3.1 Rest of MEA: Electro-Optic in Naval Market, by Defense
10.1.5.3.2 Rest of MEA: Electro-Optic in Naval Market, by Commercial
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 ASELSAN AS
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Elbit Systems Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Saab AB
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Safran SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 L3Harris Technologies Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Ultra Electronics Holdings Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Israel Aerospace Industries Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Naval Group SA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Saudi Arabia: Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (Brazil$ Million)
Table 3. Saudi Arabia: Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (Brazil$ Million)
Table 4. Saudi Arabia: Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (Brazil$ Million)
Table 5. Saudi Arabia: Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 7. South Africa: Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (Brazil$ Million)
Table 8. South Africa: Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (Brazil$ Million)
Table 9. South Africa: Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (Brazil$ Million)
Table 10. South Africa: Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Africa: Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE: Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (Brazil$ Million)
Table 13. UAE: Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (Brazil$ Million)
Table 14. UAE: Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (Brazil$ Million)
Table 15. UAE: Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 16. UAE: Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of MEA: Electro-Optic in Naval Market, By Technology– Revenue and Forecast to 2028 (Brazil$ Million)
Table 18. Rest of MEA: Electro-Optic in Naval Market, by Application – Revenue and Forecast to 2028 (Brazil$ Million)
Table 19. Rest of MEA: Electro-Optic in Naval Market, by End Use – Revenue and Forecast to 2028 (Brazil$ Million)
Table 20. Rest of MEA: Electro-Optic in Naval Market, by Defense – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of MEA: Electro-Optic in Naval Market, by Commercial – Revenue and Forecast to 2028 (US$ Million)
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Electro-Optics in Naval Market Segmentation
Figure 2. Middle East & Africa Electro-Optics in Naval Market Segmentation – By Country
Figure 3. Middle East & Africa Electro-Optics in Naval Market Overview
Figure 4. Middle East & Africa Electro-Optics in Naval Market, by Technology
Figure 5. Middle East & Africa Electro-Optics in Naval Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Middle East & Africa Electro-Optics in Naval Market – Ecosystem Analysis
Figure 8. Middle East & Africa Electro-Optics in Naval Market: Impact Analysis of Drivers and Restraints
Figure 9. Middle East & Africa Electro-Optics in Naval Market Revenue Forecast and Analysis (US$ Million)
Figure 10. Middle East & Africa Electro-Optic in Naval Market Revenue Share, By Technology (2021 & 2028)
Figure 11. Camera: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Sensor: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Laser Range Finders: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Middle East & Africa Electro-Optic in Naval Market Revenue Share, by Application (2021 & 2028)
Figure 15. Target Detection, Identification, and Tracking: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Surveillance: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Fire Control: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Middle East & Africa Electro-Optic in Naval Market Revenue Share, by End Use (2021 & 2028)
Figure 20. Defense: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Frigates: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Corvettes: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Destroyers: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Aircraft Carrier: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Submarines: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Commercial: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Cruise Ships: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Merchant Ships: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Cargo Ships: Middle East & Africa Electro-Optics in Naval Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Middle East & Africa Electro-Optic in Naval Market, by Key Country– Revenue (2021) (US$ Million)
Figure 32. Middle East & Africa Electro-Optic in Naval Market Revenue Share, by Key Country (2021 & 2028)
Figure 33. Saudi Arabia: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (Brazil$ Million)
Figure 34. South Africa: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (Brazil$ Million)
Figure 35. UAE: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (Brazil$ Million)
Figure 36. Rest of MEA: Electro-Optic in Naval Market – Revenue and Forecast to 2028 (Brazil$ Million)
- ASELSAN AS
- Elbit Systems Ltd
- Israel Aerospace Industries Ltd
- L3Harris Technologies Inc
- Naval Group SA
- Saab AB
- Safran SA
- Ultra Electronics Holdings Ltd
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