The Middle East & Africa vetronics market is expected to register a CAGR of 3.43% during the forecast period, 2022-2030, and set to record a revenue of $739.87 million by 2030.

MIDDLE EAST & AFRICA VETRONICS MARKET FORECAST 2022-2030

Middle East & Africa Vetronics Market by Vehicle Type (Tanks, Armored Vehicles, Artillery, Rocket Projectors) Market by System (Electronic Warfare & C4 System, Navigation System, Power System, Vehicle Protection System) Market by End-user (Defense, Homeland Security) by Geography

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The Middle East & Africa vetronics market is expected to register a CAGR of 3.43% during the forecast period, 2022-2030, and set to record a revenue of $739.87 million by 2030.

The vetronics market growth in Middle East & Africa is attributed to the considerable growth in the rising number of procurements of land-based vehicles. Countries like Turkey, Iran, Egypt, etc., are working on different programs for modernizing their land-based platforms. Also, industry players like NIMR Automotive and JFK Defense are majorly investing in the research and development of the vetronics sector. Additionally, government contracts in partnership with industry players to modernize and develop obsolete fleets propel market growth.

Middle-East-And-Africa-Vetronics-Market

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The Middle East & Africa vetronics market growth evaluation includes the analysis of Israel, Morocco, Algeria, Saudi Arabia, Iran, Egypt, Turkey, and Rest of Middle East & Africa. In Egypt, significant investments in a variety of defense-related industries and the associated developments contribute to market growth. For instance, the Egyptian Minister of Military Production and Hyundai Rotem collaborated to co-produce the K2 Black Panther Main Battle Tank (MBT) that will be marketed under a customized variant designated K2EGY. Also, South Korea and Egypt discussed joint manufacturing of the K2 Black Panther and K9 155mm self-propelled howitzers from Hanwha Defense (UAE) on the sidelines of the International Defense Exhibition and Conference. Besides, the country already manufactures the M1A1 main battle tank under the co-operative partnership with the government of the United States, known as the Co-production Program. Further, the JV serves as a maintenance facility for Egypt’s fleet of M60 Patton main combat ranks and includes a ten-year manufacturing run of 1500 tanks and other vehicle types.

In countries like Iran, product and system developments boost market growth opportunities. For instance, in October 2021, Iranian air defense forces’ Exercise ‘Defenders of the Velayat Skies 1400’ included new short-range air-defense (SHORAD) missile weapons, projecting a growing focus on feeding off low-altitude attacks. In addition, the country’s military correspondents released the test footage of the AD-08 ‘Majid’ air defense system that was put to the test during the drill. It is described as a system provided with electronic systems like a missile launch tube and fast spinning electro-optical (EO) sensor mounted on either side mounted on the rear of light tactical vehicles.

In Morocco, the government and France’s BNP Paribas are under an agreement to export loans for the purchase of a new ground-based air defense (GBAD) system. The loan arrangement, given official clearance through Decree 346.20.2, was published in Morocco’s government gazette in 2020. It will be used to finance a business deal between MBDA’s French affiliate and the Moroccan Department of National Defense. Such developments are estimated to drive the vetronics market growth in these countries.

The market scope of the Middle East & Africa vetronics market includes end-user, vehicle type, and system. The vehicle type segment includes tanks, rocket projectors, artillery, and armored vehicles.

With regard to armored vehicles, recent advancements in information and armored fighting vehicle (AFV) technology have enabled new directions in developing electronic devices for vehicle control and a new tactical strategy for deploying AFVs on battlefields. Vetronics has become an integral component of both new AFV developments and improvements to current vehicles. The vetronics system’s architecture includes a few functional subsystems like active suspension, sensor control & signal distribution, communication systems, data gathering & distribution systems, engine control & monitoring, fire control system, and vehicle control.

Some of the main market players in the Middle East & Africa vetronics market include Lockheed Martin, General Dynamics Corporation, Northrop Grumman, Leonardo SpA, etc.

Leonardo SpA is a security, military, and aerospace solutions provider to governments and institutions. The five operating divisions of the company include cybersecurity, helicopters, electronics, aircraft, and aerostructures. The product portfolio includes C4I & air defense solutions, land weapon systems, unnamed aerial systems, airborne systems, helicopters, etc. It is headquartered in Rome, Italy.

One of its main product offerings, Abrams Driver’s Vision Enhancer (DVE-A), increases the driver vision capabilities, survivability, and mobility of combat vehicle operators.

Report ScopeDetails
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedEnd-User, System, Vehicle Type
Countries AnalyzedIsrael, Morocco, Algeria, Saudi Arabia, Iran, Egypt, Turkey, and Rest of Middle East & Africa
Companies Analyzed

BAE Systems, Curtiss-Wright, General Dynamics Corporation, L3Hariss Technologies, Leonardo SpA, Lockheed Martin, Norinco – China, Northrop Grumman, Raytheon Technologies, Rheinmetall AG, Saab AB, Thales Group

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • TECHNOLOGICAL DEVELOPMENTS
        • STANDARDIZATION OF VETRONICS SYSTEM (OPEN ARCHITECTURE)
        • CONTINUOUS EFFORTS IN RESEARCH AND DEVELOPMENT
        • MILITARY MODERNIZATION PROGRAMS
      • KEY RESTRAINTS
        • CYBER SECURITY
        • DECREASING DEFENSE BUDGET
        • REGULATIONS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON VETRONICS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • COMPONENT PROVIDERS
        • SYSTEM MANUFACTURERS / OEMS
        • DISTRIBUTION
        • END-USERS
        • AFTERMARKET SERVICES
    1. MILITARY LAND FORCES ANALYSIS
      • ISRAEL
        • ISRAEL – OVERVIEW
        • ISRAEL – VEHICLE & ARTILLERY
        • ISRAEL – LAND SYSTEMS
    1. MARKET BY VEHICLE TYPE
      • TANKS
      • ARMORED VEHICLES
      • ARTILLERY
      • ROCKET PROJECTORS
    2. MARKET BY SYSTEM
      • ELECTRONIC WARFARE & C4 SYSTEM
      • NAVIGATION SYSTEM
      • POWER SYSTEM
      • VEHICLE PROTECTION SYSTEM
    3. MARKET BY END-USER
      • DEFENSE
      • HOMELAND SECURITY
    4. GEOGRAPHICAL ANALYSIS
      • MIDDLE EAST & AFRICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • EGYPT
          • TURKEY
          • IRAN
          • ISRAEL
          • SAUDI ARABIA
          • ALGERIA
          • MOROCCO
          • REST OF MIDDLE EAST & AFRICA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
      • COMPANY PROFILES
        • BAE SYSTEMS
        • CURTISS-WRIGHT
        • GENERAL DYNAMICS CORPORATION
        • L3HARISS TECHNOLOGIES
        • LEONARDO SPA
        • LOCKHEED MARTIN
        • NORINCO – CHINA
        • NORTHROP GRUMMAN
        • RAYTHEON TECHNOLOGIES
        • RHEINMETALL AG
        • SAAB AB
        • THALES GROUP

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – VETRONICS

    TABLE 2: ISRAEL – LAND SYSTEMS

    TABLE 3: MIDDLE EAST & AFRICA VETRONICS MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: MIDDLE EAST & AFRICA VETRONICS MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 5: MIDDLE EAST & AFRICA VETRONICS MARKET, BY SYSTEM, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: MIDDLE EAST & AFRICA VETRONICS MARKET, BY SYSTEM, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 7: MIDDLE EAST & AFRICA VETRONICS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: MIDDLE EAST & AFRICA VETRONICS MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 9: MIDDLE EAST & AFRICA VETRONICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 10: MIDDLE EAST & AFRICA VETRONICS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 11: LEADING PLAYERS OPERATING IN MIDDLE EAST & AFRICA VETRONICS MARKET

    TABLE 12: LIST OF MERGERS & ACQUISITIONS          

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: ISRAEL – VEHICLE & ARTILLERY

    FIGURE 6: MIDDLE EAST & AFRICA VETRONICS MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021

    FIGURE 7: MIDDLE EAST & AFRICA VETRONICS MARKET, BY TANKS, 2022-2030 (IN $ MILLION)

    FIGURE 8: MIDDLE EAST & AFRICA VETRONICS MARKET, BY ARMORED VEHICLES, 2022-2030 (IN $ MILLION)

    FIGURE 9: MIDDLE EAST & AFRICA VETRONICS MARKET, BY ARTILLERY, 2022-2030 (IN $ MILLION)

    FIGURE 10: MIDDLE EAST & AFRICA VETRONICS MARKET, BY ROCKET PROJECTORS, 2022-2030 (IN $ MILLION)

    FIGURE 11: MIDDLE EAST & AFRICA VETRONICS MARKET, GROWTH POTENTIAL, BY SYSTEM, IN 2021

    FIGURE 12: MIDDLE EAST & AFRICA VETRONICS MARKET, BY ELECTRONIC WARFARE & C4 SYSTEM, 2022-2030 (IN $ MILLION)

    FIGURE 13: MIDDLE EAST & AFRICA VETRONICS MARKET, BY NAVIGATION SYSTEM, 2022-2030 (IN $ MILLION)

    FIGURE 14: MIDDLE EAST & AFRICA VETRONICS MARKET, BY POWER SYSTEM, 2022-2030 (IN $ MILLION)

    FIGURE 15: MIDDLE EAST & AFRICA VETRONICS MARKET, BY VEHICLE PROTECTION SYSTEM, 2022-2030 (IN $ MILLION)

    FIGURE 16: MIDDLE EAST & AFRICA VETRONICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 17: MIDDLE EAST & AFRICA VETRONICS MARKET, BY DEFENSE, 2022-2030 (IN $ MILLION)

    FIGURE 18: MIDDLE EAST & AFRICA VETRONICS MARKET, BY HOMELAND SECURITY, 2022-2030 (IN $ MILLION)

    FIGURE 19: MIDDLE EAST & AFRICA VETRONICS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 20: EGYPT VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 21: TURKEY VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 22: IRAN VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 23: ISRAEL VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 24: SAUDI ARABIA VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 25: ALGERIA VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 26: MOROCCO VETRONICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 27: REST OF MIDDLE EAST & AFRICA VETRONICS MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • MIDDLE EAST & AFRICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • EGYPT
          • TURKEY
          • IRAN
          • ISRAEL
          • SAUDI ARABIA
          • ALGERIA
          • MOROCCO
          • REST OF MIDDLE EAST & AFRICA
    1. MARKET BY VEHICLE TYPE
      • TANKS
      • ARMORED VEHICLES
      • ARTILLERY
      • ROCKET PROJECTORS
    2. MARKET BY SYSTEM
      • ELECTRONIC WARFARE & C4 SYSTEM
      • NAVIGATION SYSTEM
      • POWER SYSTEM
      • VEHICLE PROTECTION SYSTEM
    3. MARKET BY END-USER
      • DEFENSE
      • HOMELAND SECURITY

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