Middle East & Africa Large Caliber Ammunition Market to Grow with a CAGR of 3.61% through 2030
The Middle East & Africa large
caliber ammunition market is driven by defense spending, military
modernization, and security concerns, with trends focusing on precision-guided
munitions, local production, and technological advancements in ammunition.
According
to TechSci Research report, “Middle East & Africa Large Caliber
Ammunition Market – By Country, Competition, Forecast & Opportunities,
2030F”, the Middle East
& Africa Large Caliber Ammunition market stood at USD 22.39 million in 2024
and is anticipated to grow USD 27.61 million by 2030 with a CAGR 3.61% during
forecast period. The Middle East & Africa (MEA) large caliber ammunition
market has experienced significant growth in recent years, driven by various
geopolitical, economic, and technological factors. The demand for large caliber
ammunition, which encompasses artillery shells, tank ammunition, naval gun
rounds, and advanced precision-guided munitions, is steadily increasing across
both regional powers and emerging defense markets. The factors fueling this
growth are diverse, ranging from the rising security threats and military
modernization efforts in the region to the evolving nature of warfare that
calls for advanced and more efficient weapons systems.
Countries like Saudi Arabia, the UAE,
Israel, and Egypt, among others, are the primary players in this sector,
contributing to a substantial share of the market’s overall size. These nations
are bolstering their military capabilities to counter regional threats,
particularly with ongoing conflicts in countries like Yemen, Syria, and Libya,
along with the need to secure vast geopolitical interests, including key energy
corridors in the Gulf region.
A
major driver of the MEA large caliber ammunition market is the significant
defense spending witnessed in the region. Many countries, particularly the Gulf
states, maintain some of the highest defense budgets in the world. Saudi
Arabia, for example, allocates a significant portion of its GDP to defense and
security, seeking to maintain military superiority in a region rife with
geopolitical tensions. The UAE, Qatar, and Kuwait also follow suit by investing
in modernizing their armed forces with state-of-the-art weaponry, including
large caliber ammunition. These countries are heavily reliant on artillery and
armored forces, as well as naval assets, for defense, which has directly
increased the demand for advanced large caliber ammunition systems capable of
precision strikes and extended range.
Another
critical factor propelling the market forward is the focus on modernization and
upgrading defense infrastructure. Traditional military systems and older
ammunition stocks are being replaced with more advanced and efficient systems
that offer greater precision, longer range, and higher accuracy.
Precision-guided munitions (PGMs) are one of the fastest-growing segments in
the MEA large caliber ammunition market. These systems, which incorporate GPS
and laser guidance, provide the ability to strike targets with high accuracy,
minimizing collateral damage and enhancing operational effectiveness in complex
conflict zones. PGMs, such as the Excalibur artillery shells and other advanced
guided projectiles, are becoming indispensable in modern warfare, particularly
for countries engaged in counterterrorism, peacekeeping, and border security
operations. The adoption of these technologies also represents a shift toward
more controlled and cost-effective warfare, as fewer rounds are needed to
achieve tactical objectives.
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The Middle East
& Africa Large Caliber Ammunition market is segmented into caliber type,
end user, country and company.
Based on the end
user, ground forces are the fastest-growing segment in the Middle East &
Africa large caliber ammunition market, driven by increasing military
modernization and the rising need for advanced artillery systems. Countries
like Saudi Arabia, the UAE, and Egypt are investing heavily in upgrading their
ground forces, including tanks, self-propelled artillery, and armored vehicles,
all requiring large caliber ammunition. The demand for precision-guided
munitions and longer-range artillery shells is increasing, enabling better combat
effectiveness in asymmetric warfare and conventional defense. This trend
reflects the strategic importance of ground forces in regional defense, further
fueling growth in large caliber ammunition for these military units.
Based on region,
the UAE is the fastest-growing segment in the Middle East & Africa large
caliber ammunition market, driven by its strategic defense investments and
military modernization initiatives. As part of its vision to enhance national
security and regional influence, the UAE has been significantly upgrading its
defense capabilities, including artillery, armored vehicles, and naval forces,
which require advanced large caliber ammunition. The country’s growing focus on
precision-guided munitions and increasing defense spending contribute to its
rapid expansion in this market. Additionally, the UAE’s efforts to localize
defense manufacturing and collaborate with global defense companies further
bolster its position in the market.
Major companies
operating in Middle East & Africa Large Caliber Ammunition market are:
- General
Dynamics Corporation
- Kongsberg
Gruppen ASA
- Singapore
Technologies Engineering Ltd
- BAE Systems plc
- Rheinmetall AG
- Northrop
Grumman Corporation
- Saab AB
- Denel SOC Ltd
- Nammo AS
- Diehl Stiftung
& Co. KG
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“There
is a noticeable trend toward increasing local manufacturing and defense
production capabilities. Many nations in the region are keen to reduce their
reliance on foreign arms suppliers, not only for reasons of national security
but also to stimulate local economies and foster technological innovation
within their defense industries. Countries like Saudi Arabia and the UAE have
set ambitious plans to increase local defense production, in line with their
broader economic diversification efforts, such as Saudi Vision 2030. This focus
on domestic manufacturing aims to build local capacity for producing large
caliber ammunition and other defense systems, ensuring that these nations can
maintain greater control over their military supply chains while reducing reliance
on imports. Furthermore, the creation of partnerships with international
defense companies is allowing for technology transfer and joint ventures,
strengthening the region’s defense manufacturing sector,” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
"Middle East & Africa
Large Caliber Ammunition Market By Caliber Type (40 - 60 mm, above
60mm), By End User (Naval Forces, Ground Forces), By Country, Competition,
Forecast & Opportunities, 2020-2030F”, has evaluated
the future growth potential of Middle East & Africa Large Caliber
Ammunition market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the Middle East &
Africa Large Caliber Ammunition market.
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