Middle-East and Africa Ammunition Market Key Players Change the View of the Global Face of Industry by 2025- BAE Systems PLC, Rheinmetall AG, Nexter Group

Middle-East and Africa Ammunition Market by Component, Application, Services, and Region- Forecast to 2025

The Global Middle-East and Africa Ammunition Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Middle-East and Africa Ammunition business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Middle-East and Africa Ammunition worth chain and its wholesaler examination. Middle-East and Africa Ammunition Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The Middle-East and African ammunition market is projected to register a CAGR of more than 3.5% during the forecast period.

Get a Sample Copy of this Report:

https://www.marketinsightsreports.com/reports/10192353574/middle-east-and-africa-ammunition-market-growth-trends-and-forecasts-2020-2025/inquiry?Mode=A*

Top Leading Companies of Middle-East and Africa Ammunition Market are BAE Systems PLC, Rheinmetall AG, Nexter Group, Lockheed Martin Corporation, General Dynamics Ordnance and Tactical Systems (General Dynamics Corporation), Northrop Grumman Corporation, Denel PMP, Saudi Arabian Military Industries, BMC Otomotiv Sanayi ve Ticaret AS, ASELSAN AS, Elbit Systems Ltd and others.

Industry News And Updates on Middle-East and Africa Ammunition Market-

Saudi Arabia is Expected to Generate the Highest Demand for Ammunition During the Forecast Period

During 2014-2018, Saudi Arabias arms imports accounted for 12% of the global arms imports. The country also possesses local ammunition manufacturing capabilities, which are bolstered by the presence of ammunition manufacturers, like Saudi Arabian Military Industries (SAMI). The demand for ammunition from Saudi Arabia is expected to increase on account of its active intervention in the ongoing military conflicts in Syria and Yemen. The country is investing heavily in the defense sector. In May 2017, Saudi Arabia signed a pact to purchase arms worth USD 350 billion from the United States by 2027. The intended purchase includes tanks, combats ships, missile defense systems, radar and communication systems, and cybersecurity technology. This factor generated a parallel demand for respective compatible ammunition, and it is expected to drive the market during the forecast period.

Key Market Trends Middle-East and Africa Ammunition Market-

Military Segment Registered the Highest Market Share in 2019

The military segment is anticipated to dominate the market during the forecast period, due to the increase in the procurement of ammunition by the armed forces to subdue the threats arising due to terrorism, territorial conflicts, and geopolitical tensions. The countries are procuring artillery and mortar systems to safeguard their borders against illegal trespassing and several forms of trafficking, thereby, generating demand for ammunition. For instance, in November 2018, the US State Department approved the sales of 46,000 M831A1 and M865 rounds and 10,000 APFSDS-T rounds for an estimated cost of USD 201 million to Egypt. Also, in September 2019, the US State Department approved the sales of additional F-16 ammunition worth USD 209 million to Morocco. The deal includes provisions for the sales of 5,810 MK 82-1 bombs, 300 MK 84-4 bombs, 105 Joint Direct Attack Munitions (JDAM), BBU-36/BBU-35/B impulse cartridges, and several bomb components, such as 180 units of MXU-651 B/B Air Foil Group (AFG) and 4,125 units of MXU-650 C/B AFG.

Competitive Landscape On Middle-East and Africa Ammunition Market-

The ammunition market in Middle-East and Africa is primarily dominated by foreign weapon manufacturers, such as BAE Systems PLC, Rheinmetall AG, General Dynamics Ordnance and Tactical Systems (General Dynamics Corporation), and Nexter Group. However, the growth of local manufacturers, like Denel SOC Ltd, SAMI, and Elbit Systems Ltd, has enhanced the competitive outlook of the market in the region. The regional governments are also trying to bolster local manufacturing by introducing favorable policies to develop the critical infrastructure required for manufacturing military-grade ammunition. For instance, Saudi Arabia, as part of its Vision 2030 initiative, plans to enhance its local defense manufacturing by 50% by 2030. Such developments are anticipated to radically alter the dynamics of the market during the forecast period.

Browse Full Report at: (Avail a Free Consulting For your Business)

https://www.marketinsightsreports.com/reports/10192353574/middle-east-and-africa-ammunition-market-growth-trends-and-forecasts-2020-2025?Mode=A*

Reasons for purchasing this Report-

The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored Middle-East and Africa Ammunition in to ultimately get accurate results.
Analyst Support: Get you query resolved by speaking to our research analysts before and after purchasing the report.
Customer Satisfaction: Our team of research analysts will accommodate all your Middle-East and Africa Ammunition research needs and customize the report accordingly.
Long-standing experience: Our team of analysts will offer elaborate and accurate insights pertaining to the Middle-East and Africa Ammunition Market

We additionally offer customization on reports based on customer necessity:

1- Free Country-level analysis for any 5 countries of your choice.

2- Free Competitive analysis of any 5 key market players.

3- Free 40 analyst hours to cover any other data points.

Please connect with our sales team (sales@marketinsightsreports.com).

Address:
Market Insights Reports
4893, Pepper drive, Harrisburg ,NC 28075,United States
Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.