Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.92 Billion |
| Market Size (2029) | USD 1.01 Billion |
| CAGR (2024 - 2029) | 1.83 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | South East Asia |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market Analysis
The Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market size is estimated at USD 0.92 billion in 2024, and is expected to reach USD 1.01 billion by 2029, growing at a CAGR of 1.83% during the forecast period (2024-2029).
Various countries in Southeast Asia and MEA are procuring new small arms and ammunition amid the growing geographical tensions with their neighboring countries. In the past few years, local manufacturers of arms and ammunition in the United Arab Emirates, Saudi Arabia, and smaller countries in Southeast Asia, with government support, have slowly gained market share. The growth in the defense industries of Turkey, the United Arab Emirates, and Saudi Arabia will bring new challenges for new and existing players in the market.
As these countries push for increasing domestic production of ammunition in the near future, it is expected that more foreign companies will plan to shift a part of their business to these countries to benefit from cheap labor and bring in new challenges for local defense companies. Moreover, growth in the defense industry in these countries will also lead to the entrance of new firms manufacturing advanced arms and ammunition. Factors such as technological limitations have restricted indigenous production, and this will restrict the demand during the forecast period.
Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market Trends
Military Segment to Hold the Highest Market Share
The military segment currently dominates the market and is expected to continue its dominance during the forecast period. With increased military engagements globally, armed forces are upgrading to more powerful small arms to deal with combat requirements. With the military's armor becoming tougher to penetrate, armies are focusing on firearms that cause cyclical impacts, causing more damage to enemies. Several nations are now focusing on procuring various latest-generation small arms for their militaries.
Since the Myanmar army seized power in February 2021, the country increased its small arms production, igniting a mass public opposition movement. After security forces used lethal force against peaceful demonstrators, opponents of military rule took up arms. Driven by internal and external threats to their security, the militaries of Southeast Asia have been modernizing and upgrading their small arms arsenal in various ways.
For instance, the SAR-21 used by the Singapore Army has laser sight and target acquisition capabilities. The rifle is a replacement for the earlier M16S1 based on American design and offers many improvements. A range of small arms arsenal based on SAR-21 has been developed, including a SAR-21 light machine gun, SAR-21 lightweight carbine, SAR-21 Sharpshooter, and even a round-the-corner firing (RCF) module developed for urban operations. Such developments will likely drive the growth of the military segment in the market studied.
Saudi Arabia Anticipated to Show Significant Growth During the Forecast Period
Saudi Arabia is projected to show significant growth in the market during the forecast period. The Saudi government is investing heavily in enhancing its defense capabilities and increasing the adoption of the next generation of weapons and munitions to drive market growth across the country. In 2022, Saudi Arabia was the fifth largest defense spender in the world, with a defense budget of USD 75.0 billion.
The present geopolitical scenario in the nation demands that ammunition purchases be on the government's priority list and is expected to continue during the forecast period. Unstable neighbor countries of Saudi Arabia (Iraq to the north, Iran across the Persian Gulf, and Yemen to the south) pose significant threats. The total military personnel of the country is more than 0.5 million, including the paramilitary forces. FN F2000 (5.5645mm), Bushmaster M4-Type (5.5645mm), FN Five-seven (5.728mm), and ORSIS T-5000 (7.6251mm NATO) are the prominent firearms used by the armed personnel of the country.
Currently, only 2% of the country's military spending is provided to local defense companies. It is heavily dependent on the imports of defense equipment and is the world's largest importer of arms and ammunition. To strengthen its local manufacturing, under Vision 2030, the government plans to increase the local military equipment spending to 50% by 2030. As a part of Vision 2030, the government launched the state-run arms manufacturing company Saudi Arabian Military Industries (SAMI), which manufactures small-caliber ammunition, medium-caliber ammunition, artillery ammunition, and tank ammunition for the armed forces of Saudi Arabia and other countries in the Middle East and North Africa.
Southeast Asia, Middle-East And Africa Small Arms And Ammunition Industry Overview
The Southeast Asia and Middle East and Africa small arms and ammunition market is consolidated in nature with some of the prominent players in the market, including Israel Weapon Industries (IWI) Ltd, Elbit Systems Ltd, PT Pindad, SME Ordnance Sdn Bhd Company (SMEO) and Singapore Technologies Engineering Ltd. Over the past few years, local manufacturers of arms and ammunition in the United Arab Emirates, Saudi Arabia, and smaller countries in Southeast Asia and Africa, with government support, have slowly gained market share. The growth of the defense industries of Turkey, the United Arab Emirates, and Saudi Arabia will pose a challenge to existing and new players in the market. These firms offer technologically advanced equipment, which could be on par with the current generation equipment in use by NATO forces. These firms compete with global OEMs and have gained significant recognition for their next-generation products while accumulating investors and orders.
Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market Leaders
Israel Weapon Industries (IWI) Ltd
Singapore Technologies Engineering Ltd.
PT Pindad
SME Ordnance Sdn Bhd Company (SMEO)
Elbit Systems Ltd.
*Disclaimer: Major Players sorted in no particular order
Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market News
- September 2023: ST Engineering entered into a collaboration agreement with Edge Group. Under the agreement, both companies will share solutions, services, and capabilities. The main areas of collaboration are small caliber ammunition, future soldier systems, unmanned technologies, and training & simulation.
- March 2023: PT Pindad launched AM1, a new assault rifle variant. The company collaborated with EOS-T, an optical sight company from South Korea, for the design of the AM1 rifle. It is a NATO standard caliber of 5.56 mm x 45 mm. This weapon is fitted with a telescopic buttstock tube so that the user can adjust the length of the stock butt size.
Southeast Asia & MEA Small Arms & Ammunition Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Arms
5.1.1.1 Handguns
5.1.1.2 Rifles
5.1.1.3 Machine Guns
5.1.1.4 Shotguns
5.1.2 Ammunition
5.1.2.1 Lethal
5.1.2.2 Non-lethal
5.2 End User
5.2.1 Civil
5.2.2 Law Enforcement
5.2.3 Military
5.3 Geography
5.3.1 Southeast Asia
5.3.1.1 Singapore
5.3.1.2 Malaysia
5.3.1.3 Indonesia
5.3.1.4 Rest of Southeast Asia
5.3.2 Middle East and Africa
5.3.2.1 Saudi Arabia
5.3.2.2 United Arab Emirates
5.3.2.3 Turkey
5.3.2.4 Israel
5.3.2.5 Bahrain
5.3.2.6 Kuwait
5.3.2.7 Qatar
5.3.2.8 Oman
5.3.2.9 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Singapore Technologies Engineering Ltd.
6.2.2 PT Pindad
6.2.3 ME Ordnance Sdn Bhd Company (smeo)
6.2.4 Elbit Systems Ltd.
6.2.5 Saudi Arabian Military Industries (SAMI)
6.2.6 Oman Munition Production Company (OMPC)
6.2.7 Jorammo
6.2.8 Kenya Ordnance Factories Corporation
6.2.9 Defence Industries Corporation of Nigeria
6.2.10 Israel Weapon Industries (IWI) Ltd.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Southeast Asia, Middle-East And Africa Small Arms And Ammunition Industry Segmentation
Small caliber ammunition includes the range of ammunition in production and deployment that is below .50 caliber (12.7 mm), including 5.56 mm, 7.62 mm, 9 mm, 10- and 12-gauge, .22 caliber, .30 caliber, .38 caliber, .45 caliber, and .300 Winchester Magnum (WinMag). The scope of the study includes all lethal and non-lethal ammunition and firearms used by military forces, law enforcement, and civil service bodies, protection of VIP government and military officials, and private firms for ammunition up to 12.7mm (.50 caliber).
The Southeast Asia, Middle-East And Africa small arms and ammunition market is segmented by type and end user. By type, the market is segmented into arms and ammunition. By end-user, the market is classified into civil, law enforcement, and military. The report also covers the market sizes and forecasts for the market in major countries across Southeast Asia and Middle East and Africa.
The market sizing and forecasts for all the segments have been provided in value (USD).
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Southeast Asia & MEA Small Arms & Ammunition Market Research FAQs
How big is the Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market?
The Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market size is expected to reach USD 0.92 billion in 2024 and grow at a CAGR of 1.83% to reach USD 1.01 billion by 2029.
What is the current Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market size?
In 2024, the Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market size is expected to reach USD 0.92 billion.
Who are the key players in Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market?
Israel Weapon Industries (IWI) Ltd, Singapore Technologies Engineering Ltd., PT Pindad, SME Ordnance Sdn Bhd Company (SMEO) and Elbit Systems Ltd. are the major companies operating in the Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market.
Which is the fastest growing region in Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market?
Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market?
In 2024, the South East Asia accounts for the largest market share in Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market.
What years does this Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market cover, and what was the market size in 2023?
In 2023, the Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market size was estimated at USD 0.90 billion. The report covers the Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Southeast Asia, Middle-East and Africa Small Arms and Ammunition Industry Report
Statistics for the 2024 Southeast Asia & Middle-East and Africa Small Arms and Ammunition market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Southeast Asia & Middle-East and Africa Small Arms and Ammunition analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market Report Snapshots
- Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market Size
- Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market Share
- Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market Trends
- Southeast Asia, Middle-East And Africa Small Arms And Ammunition Companies
