Middle East & Africa Missile Market Size & Outlook
The missile market in Middle East & Africa is expected to reach a projected revenue of US$ 7,297.2 million by 2030. A compound annual growth rate of 8.5% is expected of Middle East & Africa missile market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,112.8
Forecast, 2030 (US$M)
$7,297.2
CAGR, 2024 - 2030
8.5%
Report Coverage
Middle East & Africa
MEA missile market highlights
- The MEA missile market generated a revenue of USD 4,112.8 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, guidance system was the largest revenue generating component in 2023.
- Guidance System is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 4,112.8 million |
| Market revenue in 2030 | USD 7,297.2 million |
| Growth rate | 8.5% (CAGR from 2024 to 2030) |
| Largest segment | Guidance system |
| Fastest growing segment | Guidance System |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Guidance System |
| Key market players worldwide | Airbus SE, Honeywell International Inc, Lockheed Martin Corp, Northrop Grumman Corp, Thales Group, BAE Systems PLC, ISRO, RTX Corp, The Boeing Company |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.4% of the global missile market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 7,297.2 million by 2030.
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Missile Market Scope
Missile market segmentation & scope
Launch Mode
Air-to-surface
Surface-to-surface
Air-to-air
Surface-to-air
Range
Short Range
Medium Range
Long Range
End Use
Air
Navy
Ground
Countries
U.S.
Canada
Mexico
UK
Sweden
Spain
Norway
Italy
Germany
France
Denmark
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait
Missile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The Boeing Company | View profile | 10001+ | Arlington, Virginia, United States, North America | http://www.boeing.com |
| ISRO | View profile | 1001-5000 | Bangalore, Karnataka, India, Asia | https://www.isro.gov.in |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| Airbus SE | View profile | 150093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | https://www.airbus.com |
| RTX Corp | View profile | 185000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | https://www.rtx.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
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