Press release
The Middle East and Africa Military Land Vehicles Market, valued at USD 193.74 Mn in 2022, is projected to grow at a CAGR of 6.17 Percent from 2023 to 2029, reaching nearly USD 294.60 Mn.
Middle East and Africa Military Land Vehicles Market
The comprehensive report delves into the improvement of military land vehicles' fighting ability against threats such as terrorism, cross-border conflicts, and insurgency. It explores creative ways that military land vehicle manufacturers are utilizing to enhance efficiency and effectiveness. With increasing budgets for upgrading military land vehicles across the Middle East and Africa, the market is expected to witness substantial growth during the forecast period.
Key players in the market include ROSTEC, Lockheed Martin Corporation, The Boeing Company, Abu Dhabi Ship Building Co., BMC Otomotiv Sanayi ve Ticaret A.Ş., Fincantieri SpA, Saudi Arabian Military Industries (SAMI), Denel SOC Ltd, BAE Systems PLC, Oshkosh Corporation, and Patria Group. These players are seizing opportunities to serve various end-users and customers, expanding their market presence.
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What are Middle East and Africa Military Land Vehicles Market Dynamics:
Emerging military technology is significantly impacting the Military Land Vehicles Market in the Middle East and Africa. Unmanned ground vehicles are becoming increasingly prevalent in military operations, performing various tasks without endangering human lives. The demand for environmentally friendly vehicles is driving the adoption of electric and hybrid technology. Hybrid vehicles offer fuel efficiency and reduce logistical problems. Networked and self-governing technologies are changing military land vehicles, allowing coordination among vehicles and real-time data sharing. However, limited defense budgets hinder acquisition and modernization, leading to delays in procurement and reduced investments in advanced technologies.
The Military Land Vehicles Market is segmented by product type, including Infantry Fighting Vehicles (IFV), Armored Personnel Carriers (APC), Main Battle Tanks (MBT), Light Multirole Vehicles (LMV), and Tactical Trucks. Infantry Fighting Vehicles (IFVs) are expected to dominate the market during the forecast period, equipped with larger guns and increased armor for enhanced protection and firepower.
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Middle East and Africa Military Land Vehicles Market Regional Insights:
South Africa leads the Middle East and Africa Military Land Vehicles Market, followed by the GCC, Egypt, and Nigeria. South Africa has a well-established defense sector with domestic manufacturers of military land vehicles. Egypt's market is large and developing, with recent purchases of advanced fighter jets, attack helicopters, and air defense systems, enhancing its military capabilities.
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What is Middle East and Africa Military Land Vehicles Market Segmentation:
By Offering:
Platform
Service
By Product Type:
Infantry Fighting Vehicles (IFV)
Armored Personnel Carriers (APC)
Main Battle Tanks (MBT)
Light Multirole Vehicles (LMV)
Tactical Trucks
By Application:
Defense and Combat
Logistics and Transportation
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Who are Middle East and Africa Military Land Vehicles Market Key Players:
1. ROSTEC
2. Lockheed Martin Corporation
3. The Boeing Company
4. Abu Dhabi Ship Building Co.
5. BMC Otomotiv Sanayi ve Ticaret A.Ş.
6. Fincantieri SpA
7. Saudi Arabian Military Industries (SAMI)
8. Denel SOC Ltd
9. BAE Systems PLC
10. Oshkosh Corporation
11. Patria Group
Table of content for the Middle East and Africa Military Land Vehicles Market includes:
Global Middle East and Africa Military Land Vehicles Market: Research Methodology
Global Middle East and Africa Military Land Vehicles Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Middle East and Africa Military Land Vehicles Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Middle East and Africa Military Land Vehicles Market Segmentation
Global Market, by Offering (2022-2029)
Global Market, by Product Type (2022-2029)
Global Market, by Application (2022-2029)
Regional Middle East and Africa Military Land Vehicles Market (2021-2029)
Regional Market, by Offering (2022-2029)
Regional Market, by Product Type (2022-2029)
Regional Market, by Application (2022-2029)
Regional Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Purchase Report: https://www.maximizemarketresearch.com/market-report/middle-east-and-africa-military-land-vehicles-market/199974/
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Offering, Product Type and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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