Small Caliber Sector helps the Ammunition Market to Lead Globally

2024-11-08 02:54:59 News & Society

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Procuring and developing enhanced weaponry and ammunition has become highly competitive these days. Considered as a way to ensure the security of a nation from foreign forces, arms and ammunition currently form a big part of any countrys annual spending. Rising concerns in the form of unfavorable geopolitical disputes and threats from terrorists are also significantly leading to the increased demand for a variety of weapons and ammunition on the global front.

Ammunition Market Full Report Description:
http://www.transparencymarketresearch.com/ammunition-market.html

Ammunition Market had a valuation of US$11.48 bn in 2014, will expand at a 3.7% CAGR between 2015 and 2021, and reach US$14.87 bn by 2021.

The report segments the global ammunition market on the basis of four criteria: Ammunition type, Caliber, Application, and Geography.

Global Ammunition Market, 2015 2021: By Type

> Full Metal Jacketed (FMJ) Ammunition
> Tracer Ammunition
> Incendiary Ammunition
> Armor Piercing Ammunition
> Other Ammunition

Global Ammunition Market, 2015 2021: By Caliber

> Small Caliber Ammunition
> Medium Caliber Ammunition
> Mortar Ammunition
> Artillery Ammunition
> Shotgun Shells

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Global Ammunition Market, 2015 2021: By Application

> Military
> Law Enforcement
> Commercial

Global Ammunition Market, 2015 2021: By Geography

> North America
> Europe
> Asia Pacific (APAC)
> Rest of the World (RoW)

According to the analysis presented in the report, the global ammunition market is exhibiting distinct growth patterns in the developing and the developed world. Regarding the former, the escalating arms race in Asia Pacific is a major driver of the global ammunition market. The growing threat of terrorism has also aided the ammunition market in Asia Pacific, while a combination of geopolitical tensions and threat of terrorism has driven the market in the Middle East. Countries such as the U.S. have traditionally possessed the most advanced weaponry available to man, countries such as China and India are catching up, thus driving the global ammunition market.

On the other hand, the ammunition market in the First World is hindered by the increasing efforts of several developed countries to make their armed forces streamlined and efficient rather than massive.
The U.S., yet again, has led the way in developing smart weapons, being the leader in drone technology and robotic defense systems. Major national ammunition markets such as the U.S., the U.K., Germany, etc. have suffered as a result of this development, but steady demand to counter the threat of terrorism in these countries will keep the ammunition market afloat in developed countries. Growing demand from the ammunition market from law enforcement is also responsible for the steady share of developed economies in the global ammunition market. The report also profiles the national ammunition markets in developed countries such as the U.S., the U.K., Germany, France, Canada, etc.

Some of the major companies operating in the global ammunition market are:

> Orbital ATK, Inc.
> General Dynamics Corporation
> Nammo A.S.
> Fiocchi Munizioni S.p.A.
> Hornady Manufacturing Company, Inc.
> Companhia Brasileira de Cartuchos
> Rheinmetall Defence
> RUAG Holding A.G.
> Prvi Partizan A.D
> Nexter Group