PUBLISHER: The Insight Partners | PRODUCT CODE: 1843374
PUBLISHER: The Insight Partners | PRODUCT CODE: 1843374
The smoke grenade market in the Middle East and Africa is projected to grow from US$ 14.79 million in 2023 to US$ 19.13 million by 2031, reflecting a compound annual growth rate (CAGR) of 3.3% during this period.
Executive Summary and Market Analysis
The market is divided into several regions, including the UAE, Saudi Arabia, South Africa, and the broader Middle East and Africa. The ongoing conflict between Israel and Hamas has significantly increased the demand for smoke grenades, which are utilized for smoke screening, signaling, and concealing troop movements from adversaries. Additionally, widespread protests in the region have led to heightened demand for smoke grenades by law enforcement and military agencies.
Military spending in the region has surged, with a reported increase of 9% in 2023, totaling approximately US$ 200 billion. Key military spenders include Saudi Arabia, Israel, and Turkey, with Iran also contributing significantly. In Africa, military expenditure reached US$ 51.6 billion in 2023, marking a 22% increase from the previous year. This rise in military budgets is expected to further stimulate growth in the smoke grenade market over the forecast period.
Market Segmentation Analysis
The Middle East and Africa smoke grenade market can be analyzed through various segments, including type, application, and end user.
Market Outlook
Military forces globally conduct regular training exercises that incorporate various military operations, utilizing pyrotechnic munitions such as smoke grenades to simulate real-life scenarios. Companies that manufacture pyrotechnic munitions collaborate with military organizations to ensure a steady supply of smoke grenades for training purposes. The increasing use of pyrotechnics in military training exercises, especially during nighttime operations, is a key factor driving the demand for smoke grenades. This trend is expected to continue, further boosting the smoke grenade market.
Country Insights
The market is also analyzed by country, focusing on South Africa, Saudi Arabia, the UAE, and the broader Middle East and Africa region. The Rest of Middle East and Africa accounted for the largest market share in 2023. Key economies in this region include Turkey, Israel, Algeria, Egypt, and Iran. According to SIPRI, Israel ranked 15th globally in military spending in 2023, with expenditures reaching US$ 27.5 billion, a 24% increase from the previous year. Algeria also stands out with significant defense spending, ranking 19th with US$ 18.3 billion, a remarkable 76% increase from 2022 to 2023. The growing use of smoke grenades in these countries for various applications, including military, signaling, and law enforcement, is expected to drive market growth from 2023 to 2031.
Company Profiles
Key players in the Middle East and Africa smoke grenade market include ARSENAL, Rheinmetall AG, Chemring Group Plc, Condor Non-Lethal Technologies, Nammo AS, NonLethal Technologies, Inc., Centanex Ltd, 3rd Light Ltd, Wescom Group, and HFI Pyrotechnics Inc. These companies are pursuing strategies such as market expansion, product innovation, and mergers and acquisitions to enhance their offerings and increase their market presence.