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.

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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.

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