Key Market Indicators
In 2021, Saudi Arabia was the leading destination for Iranian exports, followed by the United Arab Emirates, Iraq and Malaysia. Iran's import and export of weapons fell in 2020 and 2021, respectively. Imports of weapons to Iran dropped 33.3% from $3 million in 2019 to $2 million in 2020, making it the 124th largest importer of weapons in the world. Nigeria overtook Iran in the same ranking, with imports of $2 million. Saudi Arabia, Australia, and South Korea ranked second, third, and fourth, respectively. On the other hand, Iranian weapons exports are projected to decrease 11.4% from $11.13 million in 2021 to $5.66 million in 2026. Since 1967, Iranian exports have grown an average of 17.4% year-over-year. In 2021, Saudi Arabia was the largest destination for Iranian weapons exports, followed by the United Arab Emirates, Iraq, and Malaysia.
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Detection Technologies: Unmasking Standoff IED, Person-Borne & Vehicle-Borne Explosive Threats
The escalating global threat landscape, largely defined by Improvised Explosive Devices (IEDs), and explosives borne by individuals or vehicles has necessitated a paradigm shift in stand-off detection technologies. The realization of more sophisticated, agile, and concealed threats has placed an enormous strain on conventional security systems, as it renders traditional...
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Weapon and Ammunition Market: Unveiling Insights Across Online Sales to Manufacturing
The advent of digitization has transformed the landscape of the global gun & ammunition industry. Online sales channels have emerged as a crucial segment, bolstering the market's profitability and reach. As buyers prefer the convenience and variety offered by online platforms, manufacturers and sellers increasingly understand the need for an...
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Artillery Systems Market: Trends, Challenges, Opportunities for Future Growth and Expansion
Artillery systems are experiencing a sharp focus on modernization and advancement in technology. The general transition towards precision-guided munitions has immensely influenced product developments. Geo-political tensions and the concern for national security across various nations have resulted in heightened demand for advanced systems, driving innovations in rocket artillery systems, self-propelled...
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Logistics Automation: Unraveling the Capacities of Emerging Pick to Light Systems
Spearheading contemporary warehousing practices, light-directed picking technology is emerging as a game-changer. Channeling a blend of speed, accuracy, and efficiency, these pick-to-light systems reduces labor-intensity and enhances task management. Illumination-mediated processes help reduce errors and increase throughput in logistics operations, hence promoting cost effectiveness. These systems offer an intuitive approach...
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Deconstructing Dynamics of the Global Shoulder Fired Weapons Market
Evolving geopolitical climate and escalation in global defense budgets prioritize advancements in weapon technology. Specifically, shoulder fired weapons market is emerging as a critical segment, driven by expanding anti-vehicle and anti-aircraft warfare measures. Rising incidence of asymmetric warfare, urban fights and counterterrorist activities across different global points are allowing more...
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