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Home > Defense >  Land Systems >  Global Military Ammunition Market Size, Share & Trends Analysis and Forecast 2021-2031

Global Military Ammunition Market Size, Share & Trends Analysis and Forecast 2021-2031

The global military ammunition market is valued at $24.2 billion in 2021 and will grow at a CAGR of 2.36% to reach a value of $30.5 billion by 2031. The cumulative market for global military ammunition is anticipated to value $266.5 billion over the forecast period. The expenditure on this sector across the globe is mainly driven by the increased focus of major DoDs on peacekeeping missions, counter terrorism, regional conflicts, and anti-insurgency operations.

Most of the countries have been spending significantly on the procurement of smart munitions and precision guided weapons, which in turn has driven the demand for associated ammunition over the past few years. This trend is expected to continue over 2021-31.

Several countries, such as the US, China, Russia, the UK, Saudi Arabia, India, and Brazil, are allocating significant amounts to strengthen the capabilities of their ground forces through the procurement of small arms, howitzers, and mortars.

The global military ammunition market is expected to be led by the Asia-Pacific region, with a revenue share of 34.3%, followed by North American and European regions.

The large caliber ammunition segment is expected to hold a significant share of the global military ammunition market over 2021-31. It is projected to account for 26.8% of the market, making it the largest segment. The use of advanced weapons such as tanks, artillery systems, and mortar systems to counter various threats is leading to the increased development and utility of advanced ammunition to increase lethality, range, and accuracy.

Key Highlights

– The global military ammunition market is expected to grow at a CAGR of 2.36% over the forecast period.

– The global military ammunition market is classified across seven major categories; Large Caliber Ammunition, Grenades, Rocket Ammunition, Air Dropped Bombs, Medium Caliber Ammunition, Small Caliber Ammunition, and Mines.

– The global military ammunition market is expected to be led by Asia-Pacific region with a revenue share of 34.3%. Various countries are engaged in conflicts with their neighbours owing to territorial disputes and instances of terrorism. The situation is overt in the Asia-Pacific region, where rapid economic prosperity and military development have led to an arms race among China, India, Japan, South Korea, and North Korea.

– Modernization initiatives, coupled with conflicts and instability among the nations, to drive demand.

– Large caliber ammunition is expected to be the largest segment of the overall military ammunition market over the forecast period.

Who Should Buy

– Defence Startup's, Original Equipment Manufacturers (OEMs), Defence Planners, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.

– The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.

– The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Scope

In particular, the report provides an in-depth analysis of the following –

– Market size and drivers: Detailed analysis during 2021-2031, including highlights of the demand drivers and growth. It also provides a snapshot of the spending and modernization patterns of different regions around the world.

– Recent developments and industry challenges: Insights into technological developments and a detailed analysis of the existing military ammunition programs being executed and planned worldwide. It also provides trends of the changing industry structure and the challenges faced by industry participants.

– Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.

– Major programs: details of the key programs in each segment, which are expected to be executed during 2021-2031.

– Competitive landscape and strategic insights: Analysis of competitive landscape of the global military ammunition market. It provides an overview of key players, their strategic initiatives, and financial analysis.

Reasons to Buy

– Determine prospective investment areas based on a detailed trend analysis of the global military ammunition over the next ten years

– Gain in-depth understanding about the underlying factors driving demand for different military ammunition segments in the top spending countries across the world and identify the opportunities offered by each of them

– Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others

– Identify the major channels that are driving the global military ammunition market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion

– Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global military ammunition market

– Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top military ammunition equipment providers around the world. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available

Companies Mentioned

Ordnance Factory Board (OFB)

Boeing

BAE Systems

Raytheon Technologies Corporation

Alliant Techsystems Operations

Orbital ATK

Black Hills Ammunition

Federal Premium Ammunition

Northrup Grumman Innovation Systems

American Ordnance LLC

AMTEC Corporation

Rheinmetall AG

Lockheed Martin

Nexter Munitions

ASELSAN A.Ş

Rheinmetall Denel Munition (Pty) Ltd

Thales SA

Rafael Advanced Defense Systems

Table of Contents

Table of Contents

Executive Summary

Global Military Ammunition Market – Overview

Market Dynamics

Global Military Ammunition Market – Segment Analysis

Global Military Ammunition Market – Regional Analysis

Global Military Ammunition Market – Trend Analysis

Key Programs Analysis

Competitive Landscape Analysis

Appendix

    Pricing

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