Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Artillery Shells, Mortars), Component, Guidance Mechanism, Lethality (Lethal, Less-lethal), Region – Forecast to 2026

2022-04-11
Price :
Published : Apr-2022
No. of Pages : 383

“Increasing procurement of ammunition armed forces owing to the changing nature of warfare, the militarization of police forces, the increasing incidence of drug trafficking, and terrorist activities, and the modernization of armed forces.”

The global ammunition market size is projected to grow from USD 24.3 billion in 2021 to USD 29.1 billion by 2026, at a CAGR of 3.7% from 2021 to 2026. Factors such as the changing nature of warfare, the militarization of police forces, the increasing incidence of drug trafficking, and terrorist activities, and the modernization of armed forces are driving factors assisting the growth of the ammunition market.

The ammunition market includes major players Lockheed Martin (US), General Dynamics Corporation (US), BAE Systems (UK), Elbit Systems (Israel), CBC Global Ammunition (Brazil), and Nammo AS (France), among others. These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has affected the ammunition market growth to some extent, and this varies from country to country. Industry experts believe that the pandemic has not affected the demand for ammunition in defense applications. However, due to continuous lockdown and social distancing measures, there has been a decrease in the need for ammunition in civil and commercial applications.

“Small: The fastest-growing segment of the ammunition market, by the caliber “

Based on caliber, the ammunition market has been segmented into small, medium, large, and others. The small caliber segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to increased use of small caliber ammunition by military and homeland security personnel, owing to less lethality of this ammunition.

“Bullets: The fastest-growing segment of the ammunition market, by product “

The bullets segment is projected to grow at the highest CAGR. In recent years, an increasing focus has been observed to upgrade land forces and airforce inventory across the globe due to multiple reasons such as geopolitical tensions and air force applications. For instance, the US has ongoing F-35 fighter aircraft programs. Whereas the Indian air force is looking for multi-role aircraft to strengthen their armed forces, and hence new aircraft procurements will lead to an increased demand for related ammunition in the coming years.

“Defense: The fastest-growing segment of the ammunition market, by application “

The defense segment of the ammunition market has been classified into military and homeland security. The growth of the defense segment of the ammunition market can be attributed to the increased spending of countries on military modernization programs, as well as the rise in terrorist activities and civil disturbances in several parts of the world.

North America: The largest contributing region in the ammunition market.”

The ammunition market in the North American region has been studied for the US and Canada. Major factors that are expected to drive the growth of the market in the region include rising instances of terrorism, which have led to increased use of ammunition by armed forces and a growing number of drug cartels in Central America. North American countries are awarding a number of contracts to major players of the ammunition market for the delivery of ammunition, thus driving the growth of the ammunition market in the region. For instance, In July 2020, Northrop Grumman Corporation secured a contract from the US Army to deliver the next-generation airburst cartridge for the 30mm XM813 Bushmaster Chain Gun. The Bushmaster Chain Gun will be installed on the Stryker Infantry Carrier Vehicle (ICV). Also, the company has secured a contract worth USD 93 million from the US Army for the manufacture of multipurpose munition technology for destroying targets such as lightly armored and infantry fighting vehicles.

The break-up of the profile of primary participants in the ammunition market:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
  • By Region: North America – 20%, Europe – 5%, Asia Pacific – 45%, and Middle East & Africa – 30%

Major companies profiled in the report include Northrop Grumman Corporation (US), General Dynamics Corporation (US), CBC Global Ammunition (Brazil), Olin Corporation (US), RuagAmmotec (Switzerland), BAE Systems (UK), Thales Group (France), Rheinmetall AG (Germany), Nexter KNDS group (France), Elbit Systems (Israel), Nammo AS (Norway), and ST Engineering (Singapore) among others. (28 Companies)

Research Coverage:

This research report categorizes the ammunition market basis of applications(defense, civil & commercial), caliber (small, medium, large, others), product(bullets, aerial bombs, grenades, artillery shells, mortars), component(fuzes & primers, propellants, bases, projectiles and warheads, others), guidance mechanism (guided, non-guided), lethality(lethal, less-lethal) in these segments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa.The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the ammunition market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; mergers; and partnerships, agreements, associated with the ammunition market.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall ammunition market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on ammunition offered by the top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the ammunition market
  • Market Development: Comprehensive information about lucrative markets – the report analyzes the ammunition market across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ammunition market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the ammunition market
Filed in: Defence
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Missile Defense System Market by Technology (Fire Control System, Weapon System, Countermeasure System, and Command and Control System), Range (Short, Medium, and Long), Threat type, Domain (Ground, Air, Marine, and Space), and Region – Forecast to 2026

“Increasing use of early warning systems for potential air and missile attacks will drive the market.” The missile defense system market size is projected to grow from USD 23.9 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 4.4% from 2021 to 2026. The market is driven by various factors, such as increasing defense programs of nations to protect against various threats, significant investments in indigenous missile defense systems, increasing need for missile detection systems, and increasing use of early warning systems for potential air and missile attacks. The missile defense system market will majorly be driven by the increasing use of early warning systems for potential air and missile attacks. Air and missile defense systems are used to monitor various enemy airbo......
$5650

Morocco Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026

Morocco Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 Summary "Morocco Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026", report provides an overview of the Morocco defense market, outlining future programs and predicted expenditures. Over the historic period, defense expenditure has been driven by the ongoing rivalry with neighbouring Algeria, the conflict in Western Sahara, and security concerns related to both the drugs trade and terrorism. During 2017-2021, Morocco's defense expenditure grew at a CAGR of 8.67% to reach US$6.5 billion in 2021. Whilst persistent geopolitical drivers necessitate continued spending, the economic impacts of COVID-19 are expected to dampen the rate of defense expenditure growth over the forecast pe......
$1250

Global Military Electro-Optical/Infrared (EO/IR) Systems Market to 2031 – Market Size and Drivers, Major Programs, Competitive Landscape and Strategic Insights

Global Military Electro-Optical/Infrared (EO/IR) Systems Market to 2031 - Market Size and Drivers, Major Programs, Competitive Landscape and Strategic Insights Summary The global military electro-optical/infrared (EO/IR) systems market is valued at US$9.2 billion in 2021 and is anticipated to increase at a CAGR of 3.43% to reach a value of US$12.9 billion by 2031. The cumulative market for global EO/IR systems is estimated to value US$119.6 billion over the forecast period. The demand for EO/IR systems is anticipated to be driven by the increased need for battlespace awareness by defense forces and technological advancements to improve effectiveness of EO/IR systems. The integration of technologically advanced EO/IR systems into modern warfare platforms to obtain information superiority......
$4800

Estonia Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026

Estonia Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 Summary "Estonia Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026", report provides an overview of the Estonian defense market, outlining future programs and predicted expenditures. The defense budget of Estonia reached US$787 million in FY2021, the highest budget submitted and accepted over the historic period. Whilst small in comparison to many of its international allies, this budget is still over the 2% GDP NATO target which many of Estonia's peers fail to reach or maintain. As such, this modest budget allows Estonia to continue international cooperation and alliances by boosting positive sentiment and demonstrating a commitment to national and collective security. This is......
$1250

Jordan Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026

Jordan Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 Summary Jordan Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period. The Jordanian defense modernization programs have historically been fueled by the need to maintain a robust deterrence capability to dissuade hostile elements and countries from threatening its sovereign territory. ......
$1250

Argentina Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026

Argentina Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 Summary Argentina Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for maritime and border security market over the forecast period. Despite the need to support armed forces modernization program, Argentina's ability to fiscally support such a venture is constrained by economic crisis which has be......
$1250

Counter-Unmanned Aerial System (C-UAS) in Aerospace and Defense – Thematic Research

Counter-Unmanned Aerial System (C-UAS) in Aerospace and Defense - Thematic Research Summary The use of unmanned aerial vehicles (UAVs) has gathered pace in recent years, with most states having access to some form of UAV platform. As new technologies such as AI and drone swarms mature, UAVs have the potential to revolutionize modern warfare. To counter this emerging threat, investment in cutting edge C-UAS is essential. The commercialization of drones is a key driver in the C-UAS market, with technological advances lowering the costs of acquiring drones, thereby increasing access. This has led to wider commercial and governmental proliferation, which itself necessitates the development and procurement of C-UAS systems in a variety of defense, commercial, and law enforcement roles. In t......
$1950

Egypt Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026

Egypt Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 Summary "Egypt Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026", report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key defense expenditure drivers, key procurement programs and major challenges faced by market participants. Egyptian defense expenditure stands at US$4.3 billion in 2021 and registered a CAGR of 10.34% during 2017-2021. Amidst the ongoing instability in Libya and conflict with Ethiopia, the country has signed several defense deals in order to maintain its military superiority in the region. In 2020, Egypt signed an agreement with Russia for t......
$1250

Global Military Unmanned Ground Vehicle Market to 2031

Global Military Unmanned Ground Vehicle Market to 2031 Summary The global military unmanned ground vehicles (UGV) market is anticipated to grow at a CAGR of 4.29% with a cumulative value of US$10.7 billion over the forecast period. The demand for military UGV is anticipated to be witnessed in the North American and European regions, especially in countries such as the US, Russia, France, Spain, Poland and the UK. The European region will hold the largest position globally, exhibiting a steady pace of growth over the forecast period with a CAGR of 4.76%. The global military unmanned ground vehicle market is expected to be led by Europe, with a revenue share of 46.5%, followed by North America and Asia-Pacific. UGVs have proven to be exceedingly useful during peacekeeping missions and the......
$4800

Antenna, Transducer, and Radome Market by Product (Antenna & Transducer, Radome), Platform (Ground, Naval, Airborne), End User, Application, Technology (Radar, Communication, Sonar), Frequency, Region – Global Forecast to 2025

 “Growing trend of automation in flight control and increase in defense expenditure and R&D activities to develop ATR are the major factors driving the ATR market.” The global ATR market size is projected to grow from USD 9.1 billion in 2020 to USD 16.0 billion by 2025, at a CAGR of 11.9% from 2020 to 2025. The growth of the market can be attributed to the growing trend of automation in flight control and increase in defense expenditure and R&D activities to develop ATR, capable of withstanding harsh conditions and providing long-range capabilities at low power consumption. The ATR market includes major players such as Raytheon Technologies Corporation (US), Honeywell International Inc. (US), L3Harris Technologies Inc. (US), Lockheed Martin Corporation (US), and Cobham P......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy