Grand View Research’s ammunition industry 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.
Access the Global Ammunition 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
Small Caliber Ammunition Market Report Highlights
The global small caliber ammunition market size is expected to reach USD 11.30 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of - 0.7% from 2022 to 2030.
• The .50 BMG caliber segment is expected to witness significant growth over the forecast period owing to the increasing procurement of machine guns and sniper rifles. The .50 BMG cartridge has a soft steel-core bullet and is used for practice in the M2, M3, and M85 machine guns
• The defense application segment accounted for the largest revenue share in 2021 and is expected to dominate the market over the forecast period owing to the increasing demand from prominent military across the globe. Continuous upgrading and standardization of the bullets and other ammunition used by the defense sector will also result in the growth of this segment
• Asia Pacific is expected to witness considerable growth over the forecast period. The region has witnessed an unprecedented surge in defense spending over the past decade. Rising geopolitical tension and border disputes between the regional powers have been the primary driving factors boosting defense spending in the region
• The industry demand was hampered owing to the global outbreak of the COVID-19 pandemic in 2020. The subsequent economic impact of COVID-19 has curtailed the defense spending by the countries in 2020, thereby affecting the small caliber ammunitions demand
• The market is characterized by acquisitions and joint ventures between major players and the government to establish long-term contracts. It is slowly moving towards consolidation due to increasing acquisitions in the market. Major players in the ammunition market exhibit an extensive product portfolio and are focused on product innovation in order to increase their market share and maintain their market position
Order your copy of 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” Data Book, published by Grand View Research
Large Caliber Ammunition Market Report Highlights
• Large caliber ammunition include 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 cartridge as it promotes 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.
Medium Caliber Ammunition Market Report Highlights
• In the recent past, the prospects of interstate conflicts have reached their peak after the end of the Cold War. Also, weak leadership in international diplomacy coupled with rising geopolitical tensions have contributed to the sustained risk of armed conflict in recent years.
• Growing rate of polarization over economic, political, and social issues in mature economies coupled with division in western countries in the face of complex risks and threats, is further projected to deteriorate global security and lead to strategic uncertainty.
Go through the table of content of Ammunition Industry Data Book to get a better understanding of the Coverage & Scope of the study
Competitive Landscape
Key players operating in the Ammunition Industry are –
• General Dynamic Corporation
• Northrop Grumman
• BAE Systems
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