Southeast Asia, Middle-East And Africa Small Arms And Ammunition Market Size

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.