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MIDDLE EAST & AFRICA VETRONICS MARKET FORECAST 2022-2030

MIDDLE EAST & AFRICA VETRONICS MARKET FORECAST 2022-2030

  • Publish Date:July 2022

  • Number of Pages:150

  • Report ID:6310394

  • Format:PDF

  • Publisher:Inkwood Research

$ 1250

Summary

KEY FINDINGS
The Middle East & Africa vetronics market is set to record a CAGR of 3.43% during the forecast period, 2022-2030. Algeria, Israel, Saudi Arabia, and Turkey are making heavy investments in procuring armored vehicles and tanks with the latest electronics like communication systems and electronic warfare. However, limited defense budgets in the developing nations of the region like Nicaragua, Jordan, and Algeria are restricting consistent investments for acquiring cutting-edge defensive electronics systems.

MARKET INSIGHTS
Morocco, Israel, Egypt, Saudi Arabia, Turkey, Algeria, Iran, and Rest of Middle East & Africa are assessed for the Middle East & Africa vetronics market growth evaluation.In Turkey, the market expansion is attributed to the business prospects of companies.

For instance, FNSS, a Turkish defense company, supplies tracked armored combat vehicles and modernized M113 armored personnel carriers for the Royal Saudi Land Forces.Additionally, the corporation runs the Royal Saudi Land Forces’ Automotive and Upgrade Centre (AUC) in Al-Kharj and has been undertaking the M113 vehicle upgrade for almost fifteen years.

Besides, the business delivers Armored Command Post Vehicles based on the FNSS ACV-19, thereby contributing to the growth of the market analyzed in Turkey.
Further, Israel is planning to spend more on buying hundreds of combat vehicles from Israel Aerospace Industries (IAI) for its Special Forces.Also, IAI’s ZD Negeva and Z-MAG cars are purchased by the Directorate of Production and Procurement.

Such factors propel market growth in these countries.

COMPETITIVE INSIGHTS
Some of the eminent companies in the Middle East & Africa vetronics market include Leonardo SpA, Lockheed Martin, Northrop Grumman, General Dynamics Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. BAE SYSTEMS
2. CURTISS-WRIGHT
3. GENERAL DYNAMICS CORPORATION
4. L3HARISS TECHNOLOGIES
5. LEONARDO SPA
6. LOCKHEED MARTIN
7. NORINCO - CHINA
8. NORTHROP GRUMMAN
9. RAYTHEON TECHNOLOGIES
10. RHEINMETALL AG
11. SAAB AB
12. THALES GROUP

Table of contents

1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW

3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. TECHNOLOGICAL DEVELOPMENTS
3.1.2. STANDARDIZATION OF VETRONICS SYSTEM (OPEN ARCHITECTURE)
3.1.3. CONTINUOUS EFFORTS IN RESEARCH AND DEVELOPMENT
3.1.4. MILITARY MODERNIZATION PROGRAMS
3.2. KEY RESTRAINTS
3.2.1. CYBER SECURITY
3.2.2. DECREASING DEFENSE BUDGET
3.2.3. REGULATIONS

4. KEY ANALYTICS
4.1. IMPACT OF COVID-19 ON VETRONICS MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. VALUE CHAIN ANALYSIS
4.6.1. COMPONENT PROVIDERS
4.6.2. SYSTEM MANUFACTURERS / OEMS
4.6.3. DISTRIBUTION
4.6.4. END-USERS
4.6.5. AFTERMARKET SERVICES

5. MILITARY LAND FORCES ANALYSIS
5.1. ISRAEL
5.1.1. ISRAEL - OVERVIEW
5.1.2. ISRAEL - VEHICLE & ARTILLERY
5.1.3. ISRAEL - LAND SYSTEMS

6. MARKET BY VEHICLE TYPE
6.1. TANKS
6.2. ARMORED VEHICLES
6.3. ARTILLERY
6.4. ROCKET PROJECTORS

7. MARKET BY SYSTEM
7.1. ELECTRONIC WARFARE & C4 SYSTEM
7.2. NAVIGATION SYSTEM
7.3. POWER SYSTEM
7.4. VEHICLE PROTECTION SYSTEM

8. MARKET BY END-USER
8.1. DEFENSE
8.2. HOMELAND SECURITY

9. GEOGRAPHICAL ANALYSIS
9.1. MIDDLE EAST & AFRICA
9.1.1. MARKET SIZE & ESTIMATES
9.1.2. KEY GROWTH ENABLERS
9.1.3. KEY CHALLENGES
9.1.4. KEY PLAYERS
9.1.5. COUNTRY ANALYSIS
9.1.5.1. EGYPT
9.1.5.2. TURKEY
9.1.5.3. IRAN
9.1.5.4. ISRAEL
9.1.5.5. SAUDI ARABIA
9.1.5.6. ALGERIA
9.1.5.7. MOROCCO
9.1.5.8. REST OF MIDDLE EAST & AFRICA

10. COMPETITIVE LANDSCAPE
10.1. KEY STRATEGIC DEVELOPMENTS
10.1.1. MERGERS & ACQUISITIONS
10.2. COMPANY PROFILES
10.2.1. BAE SYSTEMS
10.2.2. CURTISS-WRIGHT
10.2.3. GENERAL DYNAMICS CORPORATION
10.2.4. L3HARISS TECHNOLOGIES
10.2.5. LEONARDO SPA
10.2.6. LOCKHEED MARTIN
10.2.7. NORINCO - CHINA
10.2.8. NORTHROP GRUMMAN
10.2.9. RAYTHEON TECHNOLOGIES
10.2.10. RHEINMETALL AG
10.2.11. SAAB AB
10.2.12. THALES GROUP

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.