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Aug 25, 2020 (Market Insight Reports) —
The report titled “Middle-East And Africa Ammunition Market” report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners, and industry experts.

The Middle-East and Africa ammunition market is projected to grow with a CAGR of more than 3.5% during the forecast period.

– The ongoing political turmoil in countries such as Libya, Syria, and Yemen has driven the demand for sophisticated weapons and ammunition in the region. Besides, the rampant illegal activities such as smuggling, unlicensed mining, poaching, etc. in the Middle-East and African nations have encouraged the procurement of advanced weaponry by the respective nations to strengthen their law enforcement and military capabilities.

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Key Market Trends

Military Segment Registered the Highest Market Share in 2019

The military end-user segment is anticipated to dominate the market in focus during the forecast period due to the increase in procurement of ammunition by the armed forces to subdue the threats arising due to terrorism, territorial conflicts, and geopolitical tensions. The countries are procuring the artillery and mortar systems to safeguard their borders against illegal trespassing and several forms of trafficking, thereby generating demand for ammunition.

Regional Analysis For Middle-East And Africa Ammunition Market:

For the comprehensive understanding of market dynamics, the global Middle-East And Africa Ammunition Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Saudi Arabia is Expected to Generate the Highest Demand for Ammunition During the Forecast Period

During 2014-2018, Saudi Arabias arms imports accounted for 12% of the global arms imports. The country also possesses local ammunition manufacturing capabilities which are bolstered by the presence of ammunition manufacturers, like the Saudi Arabian Military Industries (SAMI)

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Competitive Landscape-

The ammunition market in Middle-East and Africa is primarily dominated by foreign weapon manufacturers, such as BAE Systems plc, Rheinmetall AG, General Dynamics Ordnance and Tactical Systems (General Dynamics Corporation), and Nexter Group. However, the growth of local manufacturers, like Denel SOC Ltd., SAMI, Elbit Systems Ltd., etc.

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The MarketWatch News Department was not involved in the creation of this content.