Japan, Japan, Wed, Mar 30, 2022 03:29:08 / Comserve Inc. / — The arms and ammunition market is expected to show a growth rate of over 3.5% during the forecast period (2022- 2031).
the arms and ammunition market is expected to show a growth rate of over 3.5% during the forecast period (2022-2031).
– Global military spending in 2019 was around USD 1.97 trillion, representing an annual growth of 3.6% and around 2.2% of global GDP. An increase in defense spending is an indicator of the acquisition of new armaments and associated ammunition, signifying the dispersion of new contracts by the world’s armed forces.
– The increase in terrorism and other insurgent activity globally has encouraged the defense agencies of many nations to step up their countermeasure capabilities against a variety of threats. Countries like the United States, Russia, China and India have increased the number of troops deployed across their national borders, as well as the borders of their respective allies. The increased deployment of troops led to the rapid purchase of weapons to ensure their safety.
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Main market trends
Strong demand for next-generation portable explosive weapon systems
The changing battlefield environment necessitated the subsequent upgrade and customization of weaponry. Currently, the US Army is focused on improving the short-range air defense capabilities of its brigade combat teams. The emergence of unmanned aerial systems (UAS), cruise missiles and long-range rockets (LRR) pose a threat to ground infantry troops. Therefore, the US Army prioritized Short Range Air Defense (SHORAD) and began to re-energize units to this core competency. In May 2018, the Russian manufacturer, KBP Instrument Design Bureau, introduced its latest generation 9K333 Verba man-portable surface-to-air missile system, which can effectively engage an aircraft, helicopter, cruise missile or drone on approach or in recoil. The next-generation 9M336 missile is claimed to be twice as effective as its predecessor, beyond a range of 1.86 miles. The system can detect targets through various systems, including the tripod-mounted 1L122 lightweight surveillance radar or the 9S932-1 mobile radar system, usually mounted on the Russian army’s tracked armored command and reconnaissance vehicle. In addition to upgrading the M72 shouldered rocket launcher to reduce its overall weight and develop a variety of warheads, the US Army and US Marine Corps intend to adopt the weapon primarily as a light anti-tank weapon. . The US government also plans to introduce a sophisticated new ground-based air defense system to replace the existing short-range RBS-70 missile system. This short-range man-portable system is expected to be introduced by 2020, and it is expected to be complemented by an advanced medium-range and tactical surface-to-air missile system by mid-2020. The need for high-precision, lightweight, and compact weapon systems has led innovators to invest considerable resources in the development of sophisticated weapon systems. The evolution of technology has led to the development of guided weapons with a high success rate, which are supported by a range of accessories, such as weapon sights, night vision devices, lasers for aiming, laser range finders and fire control systems. These developments are expected to boost the portable explosives segment of the weapons and ammunition market during the forecast period.
North America will continue its dominance in the coming period
In North America, the United States pioneered light weaponry and positioned itself at the pinnacle of military dominance through a steady rate of growth in the acquisition of advanced weapon systems. The changing nature of warfare is a major reason for the US DoD’s increased spending to equip its armed forces with better weapons. The weapons undergo extensive testing to ensure reliable operations and estimate the level of performance improvement with a new design change incorporated. In October 2018, the U.S. military concluded qualification testing for a new proximity fuse, designed as an upgrade to Raytheon Corporation’s Stinger missiles. The built-in fuse missile scored perfectly against a variety of targets, which amplifies its lethality through proximal detonation while retaining its strike-to-kill capability. The U.S. Army plans to integrate its Stinger inventory with the new proximity fuse by issuing an Urgent Material Release contract as part of its life extension program, to be conducted at its munitions factory in McAlester, Oklahoma. Additionally, the United States Special Operations Command (SOCOM) and the United States Marine Corps plan to develop an HMG that can replace the M2 Browning .50 caliber machine gun. In May 2017, US SOCOM published an advisory on FedBizOpps, the US government’s leading contracting website, as part of its market research to gather information from companies capable of building HMGs based on .338 Norma Magnum ammunition. The notice even listed specifications for the belt-fed HMG, with a 24-inch barrel, weighing no more than 24 pounds, and capable of firing around 500 to 600 rounds per minute with an accuracy range of 2,000 yards. Such developments are envisioned to drive weapons development programs and encourage the adoption of sophisticated weapons by armed forces in the future.
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The arms and ammunition market is fragmented globally, but regionally, only selected vendors manufacture and supply arms and ammunition, owing to the high technological expertise required to produce military-grade weapons. However, global players, such as BAE Systems PLC, General Dynamics Corporation, MBDA, Raytheon Technologies Corporation, and Kalashnikov Concern JSC (Rostec State Corporation), dominate a significant share of the market. Versatile systems or dual-capacity weapons have emerged over the past decade, greatly improving the lethality of shoulder firearms. For example, Next Generation Light Anti-Tank Weapons (NLAW) are the newest shoulder-launched and over-the-air (OTA) anti-tank missile systems, and they act as true tank killers for light forces. They are also capable of operating in all kinds of environments, including built-up areas. Predicted Line of Sight (PLOS) guidance system and selectable OTA provide accuracy, easy handling and high probability of weapon kills. Additionally, it provides effective armor penetration against an MBT equipped with explosive reactive armor (ERA). Magneto-Hydrodynamic Explosive Munition (MAHEM) is currently under development by the Defense Advanced Research Projects Industry (DARPA). MAHEM uses a magnetic flux generation system to fire a projectile compared to conventional explosive chemical energy used to make explosively formed jets and self-forged penetrators. MAHEM is capable of producing high projectile velocity and range and uses molten metal to penetrate armored vehicles.
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