Ammunition Industry 2023-2030: Forecasting Growth and Innovation

 Ammunition Industry | Forecast 2030

Ammunition Industry Data Book - Small Caliber Ammunition, Medium Caliber Ammunition and Large Caliber Ammunition Market

The economic value generated by the ammunition industry was estimated at approximately USD 49.94 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of ammunition materials, distribution & supply, and end-use of ammunition. Developments and enhancement of military capabilities across various countries are anticipated to increase the procurement of small to large-size weapon systems, this is likely to increase the demand for ammunition.

The North America ammunition market is expected to witness significant growth, owing to high demand from the U.S. The defense budget in North America has increased in the recent past which is heavily influencing the regional market. The long-term competitive strategy of the U.S. Department of Defense for the development of technologies and new concepts of warfare is expected to aid the market growth.

 

Small Caliber Ammunition Market Insights

The global small caliber ammunition market size was valued at USD 12.09 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of - 0.7% from 2022 to 2030. The market is expected to be driven by growing military expenditure and rising hunting as well as sporting activities across the world. The majority of the countries have initiated efforts to expand their military capabilities to counter terrorism and secure their geographical border from rising geopolitical competition. Moreover, some countries are focusing on strengthening their law enforcement agencies to control internal conflicts within the country. These trends are expected to drive the demand for arms and ammunition, thereby bolstering the market growth.

Small caliber bullets accounted for the largest revenue share in the U.S. bullets market n 2021 owing to the increasing utilization of .22LR (long rifle). Furthermore, the U.S. military exhibits the largest demand for 5.56mm caliber bullets for use in M4A1 and M249 weapons, which on average is estimated to be 300 million rounds per year.

 

Order your copy of the Free Sample of “Ammunition Industry Data Book - Small Caliber Ammunition, Medium Caliber Ammunition and Large Caliber Ammunition Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030, published by Grand View Research

 

Small & Medium Caliber Ammunition Market Insights

The global small & medium caliber ammunition market size was valued at USD 9.18 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2020 to 2027. Increasing geopolitical tensions and increasing military expenditure are expected to drive market growth over the forecast period. Commercially, the ammunition is available in the market through direct supply or third-party distributors. However, manufacturers can only sell their products to an entity with a federal license that can either be a retailer, wholesaler, or user. Moreover, strict laws and regulations are followed for the trade and different countries have their distinct legislations or the arms act to monitor the same.

The market in India is expected to exhibit high growth over the projected period on account of armed forces development and the adoption of the latest technological weapons. Moreover, ongoing geopolitics with China coupled with the repetitive disputes with Pakistan forces over the borderline is expected to increase product procurement.

 

Large Caliber Ammunition Market Insights

Large caliber ammunition includes ammunition with 105mm caliber and 120mm caliber. Large caliber cartridges are generally projectiles. These cartridges are designed for long-range tank engagement and are used for anti-armor weapons. Large caliber ammunition can be classified into spin-stabilized, fin-stabilized, and rocket-assisted, which is a combination of spin-stabilized and fin-stabilized. A majority of the guns use spin-stabilized large caliber cartridges as they offer flight stability using spinning, whereas fin-stabilized projectiles obtain stability through the fins located at the end of the projectile. These cartridges are also used for gunnery training in tank-mounted gun cannons.

Russia’s invasion of Ukraine has substantially raised the global security concerns thus opening the growth opportunities for the large caliber ammunition segment. As a result, the large caliber ammunition manufacturers based in the U.S., which is the major hub of munition manufacturing, have ramped up production exponentially, thus positively influencing the target market growth.

 

Go through the table of content of Ammunition Industry Data Book to get a better understanding of the Coverage & Scope of the study

 

Table of Contents - Sectoral Outlook Report

Chapter 1. Methodology and Scope

            1.1. Research Methodology

            1.2. Research Scope & Assumptions

            1.3. Information Procurement

               1.3.1. Purchased Database

               1.3.2. GVR’s Internal Database

               1.3.3. Secondary Sources & Third-Party Perspectives

               1.3.4. Primary Research

            1.4. Information Analysis

               1.4.1. Data Analysis Models

            1.5. Market Formulation & Data Visualization

            1.6. Data Validation & Publishing

Chapter 2. Executive Summary

            2.1. Industry Snapshot

            2.2. Segmental Outlook

            2.3. Competitive Outlook

 

Company Profiles

  • Northrop Grumman Corporation
  • FN Herstal
  • Olin Corporation
  • General Dynamics Corporation
  • BAE Systems, Inc.
  • Rheinmetall Defense
  • Nexter KNDS Group
  • Hanwha Corporation
  • ST Engineering
  • Remington Arms Company LLC
  • Vista Outdoor Operations LLC
  • Chemring Group Plc
  • MaxamCorp Holding SL
  • Denel SOC Ltd

 

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

Follow Us: LinkedIn | Twitter

 

Comments

Post a Comment

Popular posts from this blog

Industrial Connectors Market Basis Of Type, Applications, Distribution Channel And Geography 2013-2028

The global Industrial Connectors market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Industrial Connectors from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Industrial Connectors market. Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-industrial-connectors-market/request-sample Leading players of Industrial Connectors including: • TE Connectivity • Delphi Connection Systems • Amphenol • Molex • JAE • Sumitomo Wiring Systems • Yazaki • Rosenberger • JST • Hirose Electric • Harting • Phoenix Contact • Dai-ichi Seiko Market split by Type, can be divi
Read more

U.S. Cannabis Market is Anticipated To Be Valued At USD 40.1 Billion By 2030

  U.S. Cannabis Industry Overview The U.S. cannabis market size was valued at USD 13.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. In the United States, cannabis is often used in the cosmetic, pharmaceutical, and food & beverage industries. The increasing legalization of cannabis and rising acceptance of its use for medical purposes are the key factors driving the growth of the market. The increasing research on the use of cannabis and its medicinal properties has led to its increased use to treat various chronic conditions. They are found to be effective in treating chronic pain and nausea caused due to chemotherapy. Furthermore, the constant rise in the legitimization of medical cannabis has resulted in the growth of the market. For instance, the Food and Drug Administration (FDA) has approved the use of cannabis-derived drug products such as Epidiolex, Cesamet, etc. for treating seizures, and chemotherapy-induced
Read more

Bioplastics Industry 2022-2030: Comprehensive Market Study

  Bioplastics Industry Data Book | Forecast 2030 Bioplastics Industry Data Book - Biodegradable Plastic, Polylactic Acid (PLA), Bio-based Polyurethane (PU) and Biopharma Plastics Market Grand View Research’s bioplastics sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.   Access the Global Bioplastics Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Read more