07-Feb-2020 | Facts and Factors
Facts and Factors have authored “Ammunition Market By Caliber (Small Caliber, Medium Caliber, Large Caliber, & Rockets, Missiles, And Others), By Product (Rimfire & Centerfire), By Application (Civil & Commercial & Defense), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026”. Based on our analysis, the global ammunition market in 2020 was approximately USD 19.9 Billion and is anticipated to reach around USD 25.4 Billion by 2026. The anticipated CAGR for the ammunition market is around 3.9% from 2021 to 2026.
The word "ammunition" was derived in French from the Latin word munire which means 'to provide'. Ammunition can be defined as any material which is fired, detonated, or dropped from any weapon system. Approximately every mechanical weapon requires some or other form of ammunition to operate. As per the Geneva Accords, ammunition for military purposes must be loaded with full metal jacket bullets.
Browse the full “Ammunition Market By Caliber (Small Caliber, Medium Caliber, Large Caliber, & Rockets, Missiles, And Others), By Product (Rimfire & Centerfire), By Application (Civil & Commercial & Defense), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026” report at https://www.fnfresearch.com/ammunition-market
Increasing geopolitical tension, an upsurge in terrorist activities, and increasing demand for guns for personal safety are some of the key factors driving the ammunition market. Small caliber ammunition dominated the ammunition market with maximum revenue share in the year 2019. A large number of research activities coupled with the growing demand for personal and military weapons are the major factors escalating the demand for small-caliber ammunition. Further, large ammunition production companies are focused to develop advanced small-caliber ammunition that improves the performance of the ammunition and addresses the documented capability gaps.
Furthermore, the military is favoring the production of green ammunition in which the lead is replaced by tungsten which has a less adverse effect on the environment. Also, the elimination of brass for shell casings and favoring lighter material will reduce the load that soldiers carry on their shoulders which may increase the ammunition-carrying capacity of the soldier. All these factors constitute the major driving factors for the global ammunition market. However, stringent government regulations for ammunition are expected to hinder the ammunition demand.
Segmental Overview:
The global ammunition market is segmented on the basis of type, guidance, and application. On the basis of the type, the market is divided into small-caliber ammunition, medium-caliber ammunition, and large-caliber ammunition. Medium-caliber ammunition is expected to hold a substantial share of the global ammunition market. Further, on the basis of guidance, the market is bifurcated into guided and non-guided. Guided type ammunition is anticipated to grow with the highest CAGR owing to the fact of transition from unguided ammunition to guided ammunition. Furthermore, military, law enforcement, and civilians are the application categories of the ammunition market. The military segment accounted for more than 80% of the total market share and is expected to show healthy growth in the forecast period.
Regional Overview:
The global ammunition market is analyzed into the following regions namely, Asia Pacific, North America, Europe, Latin America, and the Middle East, and Africa. North America remains the leading region in generating the major chunk of the market revenue during the analysis period. Asia Pacific region is expected to grow with the highest growth rate among all regions. These regions are further categorized into major countries from around the world viz. the U.S., Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Brazil, GCC Countries, South Africa, and Argentina among others.
Top Market Players:
The key market participants for the global ammunition market are Northrop Grumman Corporation, General Dynamics, CBC Global Ammunition, Olin Corporation, Ruag Ammotec, BAE Systems, Thales Group, Rheinmetal AG, Nexter KNDS Group, Elbit Systems, Nammo AS, ST Engineering, Remington Arms Company, Sierra Bullters, and Ruag Corporation, among others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 20 Million |
Projected Market Size in 2026 |
USD 26 Million |
CAGR Growth Rate |
6% CAGR |
Base Year |
2020 |
Forecast Years |
2020-2026 |
Key Market Players |
Contipro, Elmarco ,Nabond Technologies Co. Ltd, Nanoflux Pte. Ltd, Tong Li Tech Co. Ltd, Inovenso, Kato Tech Co. Ltd, M-TechXInc |
Key Segment |
By Type, By Applications, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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This report segments the global ammunition market as follows:
Global Ammunition Market: By Caliber
- Small Caliber
- Medium Caliber
- Large Caliber
- Rockets, Missiles, And Others
- Tank Ammunition Rounds
- Artillery Ammunition Rounds
Global Ammunition Market: By Product
Global Ammunition Market: By Application
- Civil & Commercial
- Defense
Global Ammunition Market: By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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