09-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Military Ammunition Market By Product (Bullets, Mortar Ammunition, Aerial Bombs, Artillery Shells, and Grenades), By Category (Ball, Full Metal Jacket, Armor Piercing, and Jacketed Hollow Point), By Application (Training and Combat), and By Size (Small Caliber, Large Caliber, and Medium Caliber): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global military ammunition market is predicted to be valued at approximately USD 15,708 million in 2018 and is expected to reach a value of around USD 21,287 million by 2027, at a CAGR of around 3.5 % between 2019 and 2027.
Massive expenditure on military ammunition is set to remain persistent over the forecast timeline owing to the continuous obtaining of these defense products by major defense spending nations involved in wars as well as developing countries involved in regional disputes and countering insurgencies. Apart from this, the need to maintain a sufficient record of ammunition for defense purposes across the globe and the escalating demand for training ammunition is also set to have a favorable effect on the military ammunition demand over the forecast timeline.
Browse the full “Military Ammunition Market By Product (Bullets, Mortar Ammunition, Aerial Bombs, Artillery Shells, and Grenades), By Category (Ball, Full Metal Jacket, Armor Piercing, and Jacketed Hollow Point), By Application (Training and Combat), and By Size (Small Caliber, Large Caliber, and Medium Caliber): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/military-ammunition-market-by-product-bullets-mortar-ammunition-110
Moreover, new programs pertaining to military ammunition are being introduced in most of the key defense spending nations who are focusing on the upgrading of existing firearms. In addition to this, the launching of advanced prototypes is also predicted to prompt huge expending on military ammunition. The influence of military modernization activities on the military ammunition industry is most likely to be experienced across developing economies including India, China, Brazil, and Russia, who are spending notably on improving the defense capabilities of their armed forces by deploying ammunitions like the howitzers, state-of-the-art small arms, and mortars. Apparently, military ammunition includes gunpowder acting as propellant, firearm, bullet, percussion cap, shell, and shot charge.
Rise in the terrorist attacks in OECD nations to steer the market trends
The growth of the industry over the forecast timeline owes to an increase in the number of terrorist threats in the OECD countries resulting in the deaths of innocent civilians. Moreover, these attacks are aimed at creating instability and destabilization in the region through soft targets and using non-conventional methods of attacks.
Furthermore, the massive launching of initiatives pertaining to the modernization of defense activities across major countries is set to steer the growth of the military ammunition industry during the forecast timeline. Apart from this, many countries are trying to fulfill their military needs along with competing for military exports with other countries. This, in turn, will nurture the market surge during the forecast timeline. Nevertheless, firearms trafficking will restrict the growth of the industry during the forecast timeline. However, the rise in the number of global defense suppliers will offer new growth avenues for the market during the period from 2019 to 2027.
Bullets to dominate the product segment in terms of earnings by 2027
The growth of the segment is due to the massive demand for tiny caliber bullets in the civil sector along with an increase in the use of bullets by the private end-users for security purposes in the developing regions.
Training segment to lead the application landscape over the forecast period
The growth of the segment is due to the massive use of training ammunition along with the requirement for maintaining a sufficient amount of ammunition inventory supplies for the military.
North America to contribute a major market revenue share over 2019-2027
The growth of the regional market during the forecast timeline is owing to an arms race in the Middle East resulting in the massive procurement of the military ammunition from the U.S. by the countries based in the Middle East region.
Some of the key players in the market include BAE Systems, CBC Global Ammunition, Federal Ammunition, General Dynamics Ordnance, and Tactical Systems, Lockheed Martin Corporation, Nammo AS, Nexter group KNDS, Northrop Grumman Corporation, Olin Corporation, Poongsan Corporation, Rheinmetall AG, RUAG Group, VISTA OUTDOOR OPERATIONS LLC., Winchester Ammunition, Black Hills Ammunition, and Hornady.
This report segments the Military Ammunition market as follows:
Military Ammunition Market: By Product Segment Analysis
Military Ammunition Market: By Category Segment Analysis
Military Ammunition Market: By Application Segment Analysis
Military Ammunition Market: By Size Segment Analysis
Military Ammunition Market: Regional Segment Analysis
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