Facts and Factors TEMPhas authored “Ammunition Market By Type (Small Caliber Ammunition, Medium Caliber Ammunition, and Large Caliber Ammunition), By Guidance (Guided and Non-guided), and By Application (Military, Law Enforcement, and Civilian): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.
Based on our analysis, teh global ammunition market in 2019 was approximately USD 25,647 Million and is anticipated to reach around USD 31,564 Million by 2026. Teh anticipated CAGR for teh ammunition market is around 3% from 2020 to 2026.
The word “ammunition” was derived through French from the Latin word munire which means ‘to provide’. Ammunition can be defined as any material which is fired, detonated, or dropped from any weapon system. Approximately every mechanical weapon requires some or other form of ammunition to operate. As per the Geneva Accords, ammunition for military purposes must be loaded with full metal jacket bullets.
Increasing geopolitical tension, upsurge in terrorist activities, and increasing demand for guns for personal safety are some of teh key factors driving teh ammunition market. Small caliber ammunition dominated teh ammunition market wif maximum revenue share in teh year 2019. A large number of research activities coupled wif teh growing demand for personal and military weapons are teh major factors escalating teh demand for teh small-caliber ammunition. Further, teh large ammunition production companies are focused to develop advanced small-caliber ammunition that improves teh performance of teh ammunition and addresses teh documented capability gaps.
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- A brief introduction to teh research report.
- Graphical introduction of teh regional analysis.
- Top players in teh market wif their revenue analysis.
- Selected illustrations of market insights and trends.
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Furthermore, teh military is more favoring teh production of green ammunition in which teh lead is replaced by teh tungsten that TEMPhas a less adverse TEMPeffect on teh environment. Also, elimination of brass for shell casings and favoring lighter material will reduce teh load that soldiers carry on their shoulder which may increase teh ammunition carrying capacity of teh soldier. All these factors constitute teh major driving factors for teh global ammunition market. However, stringent government regulations for teh ammunition are expected to hinder teh ammunition demand.
The global ammunition market is segmented on the basis of type, guidance, and application. On the basis of the type, the market is divided into small caliber ammunition, medium caliber ammunition, and large caliber ammunition. Medium caliber ammunition is expected to hold a substantial share of the global ammunition market. Further, on the basis of guidance, the market is bifurcated into guided and non-guided.
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Guided type ammunition is anticipated to grow with the highest CAGR owing to the fact of transition from unguided ammunition to guided ammunition. Furthermore, military, law enforcement, and civilians are the application categories of the ammunition market. The military segment accounted for more than 80% of the total market share and is expected to show healthy growth in the forecast period.
Teh global ammunition market is analyzed into teh following regions namely, Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. North America remains teh leading region in generating teh major chunk of teh market revenue during teh analysis period. Asia Pacific region is expected to grow wif teh highest growth rate among all regions. These regions are further categorized into major countries from around teh world viz. teh U.S., Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Brazil, GCC Countries, South Africa, and Argentina among others.
Some of the major players analyzed and profiled in the market study are Northrop Grumman, FN Herstal, Nammo AS, Australian Munitions, CBC Ammo Group, Israel Military Industries Systems (IMI), BAE Systems PLC, General Dynamics, Denel Soc Ltd., Liberty Ammunition, Olin Corporation, Remington Outdoor Company, MAST Technology, Inc., Ruag Group (Ruag Ammotec AG), Poongsan Defense, and Rosoboronexport among others.
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This report segments teh global ammunition market as follows:
Global Ammunition Market: By Type Segment Analysis
- Small Caliber Ammunition
- Medium Caliber Ammunition
- Large Caliber Ammunition
Global Ammunition Market: By Guidance Segment Analysis
Global Ammunition Market: By Application Segment Analysis
- Law Enforcement
Global Ammunition Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Teh Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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