South Korea Large Caliber Ammunition Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The South Korea Large Caliber Ammunition Market is a crucial sector, with applications spanning across defense, law enforcement, and industrial requirements. The nation's defense strategy relies heavily on high-quality and reliable large-caliber ammunition to maintain its military readiness, while various industries also demand these munitions for security purposes. The requirement for such ammunition is shaped by a diverse set of needs, and as technology advances, the market for large-caliber ammunition in South Korea continues to evolve.
In the defense sector, large-caliber ammunition is integral for heavy artillery, armored vehicles, and naval vessels. South Korea, with its strong military presence and the ongoing threat from neighboring North Korea, has prioritized investing in its defense infrastructure. Large-caliber ammunition is vital for ensuring the deterrence capability of the nation’s armed forces. Various forms of munitions such as shells for tank guns, naval guns, and artillery pieces are critical in maintaining an edge in regional defense scenarios.
From the law enforcement perspective, large-caliber ammunition also plays an essential role. Specialized ammunition for counterterrorism, riot control, and other high-intensity law enforcement operations demand reliable and effective large-caliber rounds. The requirement for such ammunition has increased as the law enforcement agencies face more sophisticated security challenges. Additionally, certain industries like mining and demolition require large-caliber ammunition for controlled explosions to facilitate operations that require precision and safety.
Technological advancements in ammunition design are helping boost the South Korea Large Caliber Ammunition Market, with an emphasis on enhancing accuracy, range, and lethality. As new technologies emerge, industries are continually seeking more efficient and advanced large-caliber ammunition to meet their operational requirements. These developments, combined with the constant demand from defense and law enforcement, solidify the importance of the large-caliber ammunition market in South Korea's security infrastructure.
Looking ahead, South Korea’s market for large-caliber ammunition is set to grow, with increasing industrial demands and technological improvements driving the need for specialized ammunition. The importance of this sector for national defense, public safety, and industrial applications makes it a key market in the country.
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Orbital ATK
BAE Systems
Day & Zimmermann
Zavod Plastmass
Bazalt
General Dynamics Corp
Nexter
Finmeccanica
Rheinmetall
Nammo AS
KOMATSU
Poongsan Corporation
FAMAE
DIEHL Defence
ZEVETA
CNIGC
CSGC
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Large Caliber Ammunition Market
Military
Combat Operations
Training and Simulation
Centerfire
Full Metal Jacket (FMJ)
Hollow Point (HP)
Light Caliber
Below 150 grains
150-180 grains
Smokeless Powder
Single Base
Double Base
Government
Army
Police Forces
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Large Caliber Ammunition Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Large Caliber Ammunition Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Large Caliber Ammunition Market, By Type
6. South Korea Large Caliber Ammunition Market, By Application
7. South Korea Large Caliber Ammunition Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Large Caliber Ammunition Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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