Middle-East and Africa Defense Market 2022 Developments and Global Outlook- SAMI, Emirates Defence Industries Company, Advanced Electronics Company, Military Industries Corporation

The market research report on “Middle-East and Africa Defense Market 2022” provides meticulous analysis for changing competitive dynamics and a dynamic perspective on different factors driving or restraining industry growth. The Middle-East and Africa Defense industry report provides necessary and auxiliary data which is represented in pie-charts, tables, systematic overview, and product diagrams. The Middle-East and Africa Defense Report also determine the market conditions including the product price, specification, research methodologies, financial and technical details which will help to expand the market operations. The Market research report provides the latest industry data and industry future trends, allowing to identify the products and end users driving revenue growth and profitability.               

The Middle-East and Africa defense market is anticipated to grow at a CAGR of above 1% during the forecast period.

The Middle-East and Africa Defense market is highly competitive and consists of a number of major players. Companies like SAMI, Emirates Defence Industries Company, Advanced Electronics Company, Military Industries Corporation, Dahra Engineering & Security Services LLC, Lockheed Martin Corporation, The Boeing Company, Elbit Systems Ltd, Israel Aerospace Industries, Raytheon Company, Rheinmetall AG, Aselsan AS, Denel SOC, Northrop Grumman Corporation, BAE Systems plc Amongst Others.

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Key Developments:

SAMI acquires AEC in KSA’s biggest military deal

RIYADH — Saudi Arabian Military Industries (SAMI), a wholly owned subsidiary of the Public Investment Fund (PIF), announced that it has acquired Advanced Electronics Company (AEC) as part of the largest military industries deal ever concluded in the Kingdom of Saudi Arabia. The purchase is expected to be completed in the first quarter of 2021 following regulatory approvals. As a result, AEC will become a 100% Saudi-owned company.

Market Segmentation:

Segment by Type
Protective Wearables
Respiratory Systems
Detection & Monitoring Systems
Decontamination Systems
Simulators
Information Management Software

Segment by Application
Civil & Commercial
Defense

Key Market Trends:

Vehicles Segment to Experience the Highest Growth During the Forecast Period
Vehicles segment of the market is expected to grow at the highest CAGR during the forecast period. This growth is mainly due to current plans of the countries in Middle East & Africa to modernise their armed forces and upgrade their air, land and sea capabilities. For instance, in June 2018, Bahrain signed a USD 1.12 billion fixed-price incentive firm contract for 16 F-16V aircraft with Lockheed Martin Corporation and became the launch customer for the aircraft. The Royal Bahraini Air Force (RBAF) also will upgrade its 20 Block 40 F-16C/D aircraft to the latest standard to make a total fleet of 36 F-16V aircraft. The contract is scheduled to come to end by end of September 2023. Countries like United Arab Emirates, Qatar, Turkey and Saudi Arabia among others are currently majorly focusing on developing their naval capabilities. Egypt is emerging as the naval superpower in Middle East & Africa after rapid modernisation of equipment and naval vessels. For instance, in April 2019, government of Germany approved a deal of USD 2.58 billion deal for delivery of six frigates to the Egypt navy.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a  and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Middle-East and Africa Defense Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Middle-East and Africa Defense Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Key points in this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

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