Global Ammunition Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.

“Global Ammunition Market Report and Forecast 2022-2027”

The global ammunition market will be driven by the growing demand for ammunition from the defense sector during the forecast period 2022-2027

Expert Market Research’s new report titled “Global Ammunition market Report and Forecast 2022-2027′, gives an in-depth analysis of the global ammunition market, assessing the market based on its segments such as caliber segments, product types, applications and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

  • Historical market size (2020): nearly 21 billion USD
  • Forecast CAGR (2022-2027): 5%

The industry is driven by the growing applications of ammunition in the defence, civilian and commercial sectors. The growing demand for ammunition from the defense sector can be attributed to the growing prevalence of terrorism, growing efforts by nations to protect their sovereignty, increased defense spending by governments to enhance military capabilities, and the resurgence of cross-border conflicts. Moreover, the growing demand for ammunition from the civilian and commercial sectors to combat criminal activities is expected to contribute to the growth of the market. Rising demand for small caliber ammunition for heavy and medium machine guns is expected to provide further impetus for market growth over the forecast period.

Industry definition and major segments

Ammunition refers to material that can be fired, dispersed, dropped or exploded from any weapon system. It is an integral and deadliest part of the weapons system and can aggravate or intensify an armed conflict. Bombs, missiles, grenades, landmines, bullets, and warheads, among others, are some examples of ammunition.

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The different calibers of ammunition are:

  • Small Caliber
  • Medium caliber
  • Large caliber
  • Rockets and missiles
  • Others

The main types of ammunition products on the market are:

The main applications of the product are:

  • Civil and Commercial
  • Defense
  • Others

Regional ammunition markets include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market trends

Technological advancements and innovations in the defense sector are likely to fuel the global ammunition market. These advancements are expected to improve the accuracy and power of firearms, rifles, bombs, rockets, and missiles, among others, through which the use of ammunition is expected to increase. Growing innovations in aircraft, such as improved attack capabilities of fighter jets, are likely to be another key trend in the ammunition market. Furthermore, the introduction of favorable government initiatives and the growing focus of emerging economies on enhancing their military capabilities are expected to boost the market growth over the forecast period.

Main market players

Major market players include Ammo, Inc., BAE Systems, General Dynamics Corp, Northrop Grumman Corporation, and Hanwha Corporation, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

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