The ammunition market in Middle East & Africa is expected to grow from US$ 3,762.63 million in 2022 to US$ 5,191.23 million by 2028. It is estimated to grow at a CAGR of 5.5% from 2022 to 2028.

Technological Advancements Across Firearms Industry

Technological advancements in the firearm industry are generating huge demand for new and advanced ammunition across the world. It has been witnessed that the introduction of new guns and launchers has been rising over the past few years, which is increasing the demand for new and innovative firearm components. For instance, the introduction of longer 52 caliber barrels has led to an increased range of 155mm guns, which has been adopted by several armed forces such as army, navy, and air forces. These barrels are also likely to replace the traditional 39 caliber systems and cater to the low range challenges of such barrels.

Further, several projects launched by armed forces to introduce new guns and firearms are also likely to propel the introduction of new firearm parts that are expected to catalyze the ammunition market growth. Moreover, the use of composite materials in the missiles and guided munitions across different armed forces are expected to boost the market in the coming years.

Market Overview

Based on country, the Middle East & Africa ammunition market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of the MEA. The ongoing political instability in countries such as Libya, Syria, and Yemen have increased the demand for advanced weapons and ammunition in the region. Illegal activities such as smuggling, unauthorized mining, and poaching are also prevalent in the MEA countries, prompting governments of the MEA countries to procure advanced weapons to strengthen law enforcement and military forces.

The growth of the MEA ammunition market is attributed to the constantly rising military expenditure across the region for procuring advanced military vessels, equipment, and weapons. For instance, Saudi Arabia signed a deal to purchase US$ 350 billion worth of weapons, such as tanks, combat ships, missile defense systems, radar and communication systems, and cybersecurity technology, from the US by 2027. This contract creates a demand for well-compatible ammo with the whole case, primer, powder, and the projectile is expected to boost the market growth during the forecast period.

Middle East & Africa Ammunition Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Ammunition Market Segmentation

The Middle East & Africa Ammunition Market is segmented into product, application, guidance, lethality, caliber, and country.

The Middle East & Africa ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2021, the aerial bombs segment dominated market.

The ammunition market by application is segmented into defense and commercial. In 2021, the defense segment dominated the Middle East & Africa ammunition market.

The Middle East & Africa ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021.

The Middle East & Africa ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021.

The Middle East & Africa ammunition market, by caliber, is segmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. In 2021, the large caliber ammunitions segment held the largest market share in 2021.

Based on country, the market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the market in 2021. BAE Systems, Elbit Systems Ltd, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, and Thales Group are the leading companies operating in the ammunition market in the region.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Ammunition Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Ammunition Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Military Spending Promotes Procurement of Ammunitions are Rising in the Region
5.1.2 Introduction of Lightweight Ammunitions
5.2 Key Market Restraints
5.2.1 Shortage of Ammunition After FY 2020
5.3 Key Market Opportunities
5.3.1 Rising Demand for Guided Ammunitions from Emerging Countries
5.4 Future Trends
5.4.1 Technological Advancements Across Firearms Industry
5.5 Impact Analysis of Drivers and Restraints
6. Ammunition Market – MEA Analysis
6.1 MEA Ammunition Market Forecast and Analysis
7. MEA Ammunition Market Analysis – by Product
7.1 Overview
7.2 MEA Ammunition Market Breakdown, by Product, 2021 and 2028
7.3 Bullets
7.3.1 Overview
7.3.2 Bullets: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Aerial Bomb
7.4.1 Overview
7.4.2 Aerial Bomb: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Grenades
7.5.1 Overview
7.5.2 Grenades: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
7.6 Artillery Shells
7.6.1 Overview
7.6.2 Artillery Shells: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
7.7 Mortars
7.7.1 Overview
7.7.2 Mortars: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
8. MEA Ammunition Market Analysis – by Application
8.1 Overview
8.2 MEA Ammunition Market Breakdown, by Application, 2021 and 2028
8.3 Defense
8.3.1 Overview
8.3.2 Defense: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
9. MEA Ammunition Market Analysis – by Guidance
9.1 Overview
9.2 MEA Ammunition Market Breakdown, by Guidance, 2021 and 2028
9.3 Guided
9.3.1 Overview
9.3.2 Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Non-Guided
9.4.1 Overview
9.4.2 Non-Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
10. MEA Ammunition Market Analysis – by Lethality
10.1 Overview
10.2 MEA Ammunition Market Breakdown, by Lethality, 2021 and 2028
10.3 Non-Lethal
10.3.1 Overview
10.3.2 Non-Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Lethal
10.4.1 Overview
10.4.2 Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
11. MEA Ammunition Market Analysis – by Caliber
11.1 Overview
11.2 MEA Ammunition Market Breakdown, by Caliber, 2021 and 2028
11.3 Small Caliber Ammunition
11.3.1 Overview
11.3.2 Small Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
11.4 Medium Caliber Ammunition
11.4.1 Overview
11.4.2 Medium Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
11.5 Large Caliber Ammunition
11.5.1 Overview
11.5.2 Large Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
12. MEA Ammunition Market – Country Analysis
12.1 Overview
12.1.1 MEA: Ammunition Market, by Key Country
12.1.1.1 South Africa: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.1.1 South Africa: Ammunition Market, by Product
12.1.1.1.2 South Africa: Ammunition Market, by Application
12.1.1.1.3 South Africa: Ammunition Market, by Guidance
12.1.1.1.4 South Africa: Ammunition Market, by Lethality
12.1.1.1.5 South Africa: Ammunition Market, by Caliber
12.1.1.1.5.1 South Africa: Ammunition Market, by Small Caliber Ammunition
12.1.1.1.5.2 South Africa: Ammunition Market, by Medium Caliber Ammunition
12.1.1.1.5.3 South Africa: Ammunition Market, by Large Caliber Ammunition
12.1.1.2 Saudi Arabia: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.2.1 Saudi Arabia: Ammunition Market, by Product
12.1.1.2.2 Saudi Arabia: Ammunition Market, by Application
12.1.1.2.3 Saudi Arabia: Ammunition Market, by Guidance
12.1.1.2.4 Saudi Arabia: Ammunition Market, by Lethality
12.1.1.2.5 Saudi Arabia: Ammunition Market, by Caliber
12.1.1.2.5.1 Saudi Arabia: Ammunition Market, by Small Caliber Ammunition
12.1.1.2.5.2 Saudi Arabia: Ammunition Market, by Medium Caliber Ammunition
12.1.1.2.5.3 Saudi Arabia: Ammunition Market, by Large Caliber Ammunition
12.1.1.3 UAE: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.3.1 UAE: Ammunition Market, by Product
12.1.1.3.2 UAE: Ammunition Market, by Application
12.1.1.3.3 UAE: Ammunition Market, by Guidance
12.1.1.3.4 UAE: Ammunition Market, by Lethality
12.1.1.3.5 UAE: Ammunition Market, by Caliber
12.1.1.3.5.1 UAE: Ammunition Market, by Small Caliber Ammunition
12.1.1.3.5.2 UAE: Ammunition Market, by Medium Caliber Ammunition
12.1.1.3.5.3 UAE: Ammunition Market, by Large Caliber Ammunition
12.1.1.4 Rest of MEA: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.4.1 Rest of MEA: Ammunition Market, by Product
12.1.1.4.2 Rest of MEA: Ammunition Market, by Application
12.1.1.4.3 Rest of MEA: Ammunition Market, by Guidance
12.1.1.4.4 Rest of MEA: Ammunition Market, by Lethality
12.1.1.4.5 Rest of MEA: Ammunition Market, by Caliber
12.1.1.4.5.1 Rest of MEA: Ammunition Market, by Small Caliber Ammunition
12.1.1.4.5.2 Rest of MEA: Ammunition Market, by Medium Caliber Ammunition
12.1.1.4.5.3 Rest of MEA: Ammunition Market, by Large Caliber Ammunition
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Northrop Grumman Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 BAE Systems
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Elbit Systems Ltd.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Raytheon Technologies Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Rheinmetall AG
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Thales Group
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index

LIST OF TABLES

Table 1. MEA Ammunition Market, Revenue and Forecast, 2020–2028 (US$ Million)
Table 2. South Africa: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
Table 7. South Africa: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 8. South Africa: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 9. South Africa: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 10. Saudi Arabia: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 11. Saudi Arabia: Ammunition Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Saudi Arabia: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
Table 13. Saudi Arabia: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
Table 14. Saudi Arabia: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
Table 15. Saudi Arabia: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 16. Saudi Arabia: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 17. Saudi Arabia: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 18. UAE: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 19. UAE: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 20. UAE: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
Table 21. UAE: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
Table 22. UAE: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
Table 23. UAE: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 24. UAE: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 25. UAE: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of MEA: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of MEA: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of MEA: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
Table 29. Rest of MEA: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
Table 30. Rest of MEA: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of MEA: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of MEA: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of MEA: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 34. List of Abbreviation

LIST OF FIGURES

Figure 1. MEA Ammunition Market Segmentation
Figure 2. MEA Ammunition Market Segmentation – By Country
Figure 3. MEA Ammunition Market Overview
Figure 4. MEA Ammunition Market, By Product
Figure 5. MEA Ammunition Market, By Application
Figure 6. MEA Ammunition Market, By Guidance
Figure 7. MEA Ammunition Market, By Country
Figure 8. Porter’s Five Forces Analysis
Figure 9. MEA Ammunition Market- Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. MEA Ammunition Market: Impact Analysis of Drivers and Restraints
Figure 12. MEA Ammunition Market, Forecast and Analysis (US$ Million)
Figure 13. MEA Ammunition Market Revenue Share, by Product (2021 and 2028)
Figure 14. MEA Bullets: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Aerial Bomb: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Grenades: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Artillery Shells: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Mortars: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Others: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Ammunition Market Revenue Share, by Application (2021 and 2028)
Figure 21. MEA Defense: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Commercial: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Ammunition Market Revenue Share, by Guidance (2021 and 2028)
Figure 24. MEA Guided: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA Non-Guided: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. MEA Ammunition Market Revenue Share, by Lethality (2021 and 2028)
Figure 27. MEA Non-Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. MEA Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. MEA Ammunition Market Revenue Share, by Caliber (2021 and 2028)
Figure 30. MEA Small Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. MEA Medium Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. MEA Large Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. MEA: Ammunition Market, by Key Country – Revenue (2021) (US$ Million)
Figure 34. MEA: Ammunition Market Revenue Share, by Key Country (2021 and 2028)
Figure 35. South Africa: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Saudi Arabia: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. UAE: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of MEA: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa ammunition market
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa ammunition market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the ammunition market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

The List of Companies – Middle East & Africa Ammunition Market

● BAE Systems
● Elbit Systems Ltd
● Northrop Grumman Corporation
● Raytheon Technologies Corporation
● Rheinmetall AG
● Thales Group

At 5.5% CAGR, the Middle East & Africa Ammunition Market is speculated to be worth US$ 5,191.23 Million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Middle East & Africa ammunition market was valued at US$ 3,762.63 million in 2022 and is expected to reach US$ 5,191.23 million by 2028, registering an annual growth rate of 5.5% from 2022 to 2028. Rising demand for guided ammunitions from emerging countries and technological advancements across firearms industry are the critical factors attributed to the market expansion.

The introduction of guided munitions has been boosting the adoption of guided ammunitions in this region. As several countries have been pushing their capabilities to increase their firepower and strengthen their armed forces, the demand for advanced weaponry systems has been on the rise, which is likely to generate huge opportunities for the ammunition market. However, the improvisations in the development of such ammunitions and research are still in the development phase. This is likely to generate new market opportunities for market vendors during the forecast period.

On the contrary, shortage of ammunitions after FY 2022 hurdles the growth of Middle East & Africa ammunition market.

The Middle East & Africa ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2022, the aerial bombs segment dominated market with a share of 25.5%, amassing US$ 958.04 million. It is projected to garner US$ 1,457.85 million by 2028 to expand at 7.2% CAGR during 2022–2028.

Based on application, the ammunition market sphere is bifurcated into defense and commercial. The former held 91.6% market share in 2022, amassing US$ 3,447.80 million. It is projected to garner US$ 4,823.90 million by 2028 to expand at 5.8% CAGR during 2022–2028. Based on guidance, the ammunition market sphere is bifurcated into guided and non-guided. The guided segment held 60.6% market share in 2022, amassing US$ 3,223.10 million. It is projected to garner US$ 2,279.68 million by 2028 to expand at 5.9% CAGR during 2022–2028. Based on lethality, the ammunition market sphere is bifurcated into non-lethal and lethal. The former held 87.2% market share in 2022, amassing US$ 3,279.44 million. It is projected to garner US$ 4,584.22 million by 2028 to expand at 5.7% CAGR during 2022–2028. By caliber, the Middle East & Africa ammunition market is fragmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. With 49.2% share of the domain, the large caliber segment dominated the market in 2022. It accrued US$ 1,850.64 million in 2022 and is estimated to generate US$ 2,648.36 million by 2028 to grow at a CAGR of 6.2% over the forecast period.

Our regional analysis states that Saudi Arabia captured 40.0% market share in 2022. It was assessed at US$ 1,503.90 million in 2022 and is likely to hit US$ 2,059.36 million by 2028, exhibiting a CAGR of 5.4% during the forecast period.

Key players dominating the Middle East & Africa ammunition market are BAE Systems, Elbit Systems Ltd, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, and Thales Group among others.

Below are mentioned a few key market developments by major players:

In 2022, Rheinmetall announced contracts from unnamed NATO customers to supply 35mm ammunition. The deliveries will take place in 2023 and 2024 and the contract is worth a total of $21.3 million. In 2022, General Dynamics Ordnance and Tactical Systems awarded a US$ 50.8 million contract for 120mm. The new Production multi-purpose tank training rounds and 120mm new production kinetic energy rounds.