Middle East & Africa Defence Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Middle East And Africa Defense Industry Overview

The Middle East and Africa defense market is fragmented, and market share is divided among regional and international players who provide their products and solutions to their respective domestic armed and security forces. Some prominent market players are The Boeing Company, Lockheed Martin Corporation, Saudi Arabian Military Industries, Israel Aerospace Industries Ltd, and BAE Systems PLC.

Elbit Systems Ltd, ASELSAN AS, Israel Aerospace Industries Ltd, and Denel SOC are some of the domestic players with an international presence that provides a wide range of military products, from portable military equipment for land forces to radars and other equipment onboard aircraft. SAMI spearheads the pivotal role of Saudi Arabia's Vision 2030 in localizing defense manufacturing, reducing dependence on foreign suppliers, and committing to substantial investment and strategic partnerships. IAI has robust aerospace and defense solutions in the form of UAVs, missile systems, international collaborations, and export activities.

Boeing and Lockheed Martin are regional international giants, supplying a wide range of military aircraft and defense systems. The growth of Boeing can be fueled by its extensive portfolio and ongoing contracts with regional governments, while strategic regional partnerships drive Lockheed Martin's market presence. Denel SOC Ltd, South Africa's largest defense company, produces diverse military equipment and has formed strategic alliances with global defense companies to enhance technological capabilities.

Government initiatives, like Saudi Arabia's Vision 2030, have been made toward enhancing the manufacturing of defense equipment locally, as this would encourage local industry growth and reduce foreign dependence. Continuous technological advancements and innovations, like the development of drones and missile defense systems, push the defense capabilities of the region even further. In March 2024, SAMI Navantia signed the agreement to support Saudi Vision 2030, which includes improving operational capabilities through integrating state-of-the-art technologies to satisfy the needs of the Royal Saudi Naval Forces. SAMI's state-of-the-art computer equipment and software investment is a mark of commitment to excellence and leadership in the naval systems industries. This center focuses on integrating and developing naval systems via high-performance software, with key focuses on artificial intelligence, cybersecurity, and unmanned vehicle integration to assure local capability and independence of operation.