Ammunition Market

Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars), Component, Guidance, Lethality (Lethal, Less-lethal), Region - Global Forecast to 2025

Report Code: AS 2541 Sep, 2020, by marketsandmarkets.com

[393 Pages Report] The global ammunition market size is projected to grow from USD 20.8 billion in 2020 to USD 24.9 billion by 2025, at a CAGR of 3.6% from 2020 to 2025. Factors such as the changing nature of warfare, the militarization of police forces, the increasing incidence of drug trafficking, and terrorist activities, and the modernization of armed forces are driving factors assisting the growth of the ammunition market.

Ammunition Market

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COVID-19 Impact on the Ammunition Market

The COVID-19 pandemic has caused a large-scale impact on economies across the world. The global manufacturing of ammunition, components, and assembly lines have been impacted. Although the manufacturing of ammunition for military applications is of prime importance, disruptions in the supply chain have set back their manufacturing for the time being. Resuming the manufacturing and demand for ammunition depends on the level of COVID-19 exposure a country is facing, the level at which manufacturing operations are running, and import-export regulations, among other factors. Although companies may still be taking in orders, delivery schedules might not be fixed.

Various countries have decided to cut overall defense budgets. According to industry experts, defense departments are focusing more on sectors that are of high importance to national security, while budgets for research and non-critical sectors are likely to be temporarily cut. However, countries like the US, China, and other countries in Europe have increased their planned defense spending during this time, contrary to Latin America and Africa.

According to an industry expert, the demand for ammunition is not expected to be affected to a great extent since ammunition is a key component of the frontline infantry. However, according to the International Monetary Fund, global GDP is expected to drop by approximately 3.0% in 2020. This would adversely impact the revenue generated from taxes. When taxes drop, governments are placed under tremendous pressure; the effect of which will be seen in the subsequent years. Since all initial budgets by countries were announced, voted, and passed in 2020 before the pandemic, none of the current budgets consider the economic impact of COVID-19. It is estimated that budget cuts and the real impact would reflect only once draft budgets for 2021 are released.

Ammunition Market Dynamics

Driver: Modernization programs undertaken by military forces in major economies

Rising incidences of armed intranational and international conflicts have driven several countries to enhance their military strengths through the procurement of advanced ammunition and equipment. Modernization is currently being undertaken across most emerging economies of the world, including Russia, China, Turkey, India, and Saudi Arabia. As a result of this, defense expenditure for ammunition procurement and R&D activities has increased significantly across the globe over the past few years. These countries are spending significantly on military modernization programs to enhance and upgrade their surveillance capabilities and improve their firepower assets in terms of range, precision, mobility, and lethality, with range and precision being the main criteria for ammunition procurements. These modernization activities are one of the most important drivers for small-caliber ammunition and firearms demand. Increasing training expenditure by major economies, as well as emerging economies, is also growing small ammunition consumption.

The sociopolitical need for countries such as China, India, and South Korea to be battle-ready has resulted in the large-scale procurement of advanced ammunition, including small-caliber ammunition, along with other advanced warfare equipment. For instance, China Ordnance Industries developed a new rifle known as QBZ-95, which is reportedly highly reliable and accurate and has low recoil. This rifle is the new service weapon of the Chinese military. Also, as of 2018, the Defence Acquisition Council of India cleared the procurement of Negev 7.62x51mm LMG for use by the Indian Army, Navy, and Air Force. This LMG will replace the 5.56x45mm INSAS LMG and is expected to increase the lethality and range of soldiers.

Other notable military modernization programs have been observed in Russia, Brazil, and several countries of the European Union. The rising need for large infantry forces, which is also an important component of military modernization programs, is another major factor driving the demand for ammunition globally.

Restraint Varying economic, legal, and political regulations affecting the procurement of ammunition

Economic, legal, and political frameworks differ from country to country, resulting in varying regulations regarding arms, ammunition, and other warfare equipment as well. This is one of the major factors affecting the key players in the ammunition market, such as General Dynamics (US), Rheinmetall AG (Germany), and BAE Systems (UK). These players are expected to fully comply with the laws and regulations of their home countries as well as those of foreign governments since compliance failures affect sales, revenues, and profit margins and may even invite administrative and criminal action. Regulations often impact the contracting and procurement processes of a number of countries.

The following are key firearms-related conflicting regulations prevalent in the US:

  • Stringent controls on the manufacture, transfer, and possession of certain small-caliber ammunition, such as .50 caliber, to ensure public safety
  • Serialization of ammunition to assist law enforcement agencies in solving gun-related crimes

Regulations that differ from country to country include import-export controls, technology transfers, and anti-corruption laws. Non-compliance with these regulations could have a severe impact on the operations of market players, thereby lowering market revenue globally. The differences in the regulations of different countries are driven by numerous economic, legal, or political factors, thereby restraining the growth of the ammunition market. For instance, gun laws in the US and India are different, where India has stricter regulations and gun control laws as compared to the US.

Opportunity: Reduction in weight of ammunition

One of the major challenges for the ammunition industry is the development of lightweight ammunition that does not compromise on combat performance and precision. Modernization programs adopted by several nations to empower their militaries and law enforcement agencies have resulted in a significant increase in the total weight of ammunition. The combined weight of equipment prevents personnel from being agile and effective. Hence, law enforcement and defense agencies are now focusing on acquiring lightweight ammunition.

In Navy League’s Sea, Air, Space Exposition (April 2017), the Executive Director of US Marine Corps Systems Command stated that “The Marines are focusing on lightening the load infantry squads carry into battle.” The Marines have tested polymer-cased .50 caliber ammunition, and on a .50-caliber ammunition pallet, approximately 1,000 pounds can be saved. The US Army has had a strong interest in reducing the weight of ammunition for a decade. LSAT’s cased-telescoped 5.56mm ammunition relies on a polymer case rather than a brass one to hold the propellant and the projectile, like a conventional shotgun shell. It weighs about 37% less than a standard belted 5.56mm. In accordance with this, the US Marine Corps awarded a USD 10 million contract for new lightweight polymer .50 caliber ammunition to MAC LLC, a Mississippi-based company.

In July 2018, Textron Systems received a contract from the US Army to develop a prototype for the Next Generation Squad Automatic Rifle (NGSAR) program. Under this contract, the company will develop Cased-Telescoped (CT) Weapons & Ammunition to possibly replace existing Squad Automatic Weapons being used by US armed forces. Textron Systems has also developed CT weapons and ammunition systems (October 2017) that offer high maneuverability, high performance, and a 40% reduction in weight. It has designed ammunition in which the projectile is seated within a cylindrical case, which led to a 37% reduction in weight compared to brass cartridges. Such developments present opportunities for market players.

Challenge: The proliferation of illicit ammunition manufacturers

Information on global ammunition flow is difficult to obtain. According to the UN Office of Disarmament Affairs, “More than 80% of ammunition trade seems to remain outside of reliable export data”. Conflict Armament Research (CAR) classifies the causes of weapons diversion into six categories:

  • Battlefield capture (30%)
  • Poorly managed national stockpiles (12%)
  • State-sponsored diversion where a State-supported the diversion of weapons to unauthorized end-users (22%)
  • Loss from State custody for unknown reasons (27%)
  • State collapse where States lose or withdraw their control over stockpiles (5%)
  • Unknown causes (4%).

Expert groups monitoring United Nations arms embargoes noted years ago that the lack of basic accountability systems was a factor in the diversion of ammunition.

Thus, the proliferation of illicitly manufactured ammunition is a major issue that threatens the security of various countries across the world. It involves the manufacturing or assembly of ammunition, explosives, and other related materials from components that are either illicitly trafficked or do not have markings from government authorities. Such illicitly manufactured ammunition is often transferred and smuggled across international borders. It not only becomes a source of terrorist activities but can also substitute branded ammunition for a number of other applications, affecting the demand for branded ammunition negatively.

Lack of effective stockpile management and security at peacekeeping missions is also a significant cause of this. Weak inventory surveillance and reporting mechanisms lead to the smuggling of ammunition across borders, thus posing challenges for the market.

Increasing spending on the modernization of armed forces is driving the growth of the defense applications

The defense segment of the ammunition market has been classified into military and homeland security. The growth of the defense segment of the ammunition market can be attributed to the increased spending of countries on military modernization programs, as well as the rise in terrorist activities and civil disturbances in several parts of the world.

Based on caliber, the small caliber segment of the ammunition market is projected to witness the highest CAGR during the forecast period

Based on caliber, the ammunition market has been segmented into small, medium, large, and others. The small caliber segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to increased use of small caliber ammunition by military and homeland security personnel, owing to less lethality of this ammunition. Moreover, open online marketplaces for small arms and ammunition and increased procurement of small caliber ammunition by the defense and homeland security sectors to curb rising instances of armed conflicts are also contributing to the growth of this segment.

Aerial bombs segment of the ammunition market is projected to witness highest CAGR owing to increasing focus on upgrading of air force inventory by armed forces

Based on products, the ammunition market has been segmented into bullets, aerial bombs, grenades, artillery shells, and mortars. The aerial bombs segment is projected to grow at the highest CAGR. In recent years, an increasing focus has been observed to upgrade air force inventory across the globe due to multiple reasons such as geopolitical tensions and air force applications. For instance, the US has ongoing F-35 fighter aircraft programs. Whereas the Indian air force is looking for multi-role aircraft to strengthen their armed forces, and hence new aircraft procurements will lead to an increased demand for related ammunition in the coming years. Hanwha Corporation (South Korea) and General Dynamics Corporation (US) manufacture aerial bombs for applications.

The North America market is projected to contribute the largest share from 2020 to 2025

The ammunition market in the North American region has been studied for the US and Canada. Major factors that are expected to drive the growth of the market in the region include rising instances of terrorism, which have led to increased use of ammunition by armed forces and a growing number of drug cartels in Central America

North American countries are awarding a number of contracts to major players of the ammunition market for the delivery of ammunition, thus driving the growth of the ammunition market in the region. For instance, In July 2020, Northrop Grumman Corporation secured a contract from the US Army to deliver the next-generation airburst cartridge for the 30mm XM813 Bushmaster Chain Gun. The Bushmaster Chain Gun will be installed on the Stryker Infantry Carrier Vehicle (ICV). Also, the company has secured a contract worth USD 93 million from the US Army for the manufacture of multipurpose munition technology for destroying targets such as lightly armored infantry fighting vehicles. The munitions are expected to be compatible with the M4A1 rifle.

Industry experts have stated that the COVID-19 pandemic has not affected the demand for ammunition in the defense sector for the US. US Department of Defense (DoD) has asked the manufactures to continue with product activities related to ammunition. However, some change has been observed in demand for ammunition in civil & commercial applications, especially in sporting and hunting activities. The demand for ammunition for self-defense applications has increased to a greater extent. According to the New York Times published in April 2020, “About 2 Million Guns Were Sold in the US as Virus Fears Spread,” which showcases the increased ammunition demand for self-defense applications.

Ammunition Market by Region

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The ammunition market is dominated by a few globally established players such as Northrop Grumman Corporation (US), CBC Global Ammunition (Brazil), BAE Systems (UK), and General Dynamics Corporation (US) among others.

Scope of the Report

Report Metric

Details

Market size available for years

2016–2025

Base year considered

2019

Forecast period

2020-2030

Forecast units

Value (USD Million)

Segments covered

By Application, By Caliber, By Product, By Component, By Guidance, By Lethality

Geographies covered

North America, Europe, Asia Pacific, Middle East, Africa, and LatinAmerica

Companies covered

Northrop Grumman Corporation (US), General Dynamics Corporation (US), CBC Global Ammunition (Brazil), Olin Corporation (US), Ruag Ammotec (Switzerland), BAE Systems (UK), Thales Group (France), Rheinmetal AG (Germany), Nexter KNDS group (France), Elbit Systems (Israel), Nammo AS (Norway), and ST Engineering (Singapore) among others. (28 Companies)

The study categorizes the ammunition market based on application, caliber, product, component, guidance, lethality, and region

By Application

  • Defense
    • Military
    • Homeland Security
  • Civil & Commercial
    • Sporting
    • Hunting
    • Self-defense
    • Others

By Caliber

  • Small
    • 9mm
    • 5.56mm
    • 7.62mm
    • 12.7mm
    • .338 Lapua Magnum
    • .338 Norma Magnum
    • 14.5mm
    • Others (Small Caliber)
  • Medium
    • 20mm
    • 25mm
    • 30mm
    •  40mm
  • Large
    • 60mm
    • 81mm
    • 120m
    • 155mm
    • Others (Large Caliber)
  • Others

By Product

  • Bullets
  • Aerial Bombs
  • Grenades
  • Artillery Shells
  • Mortars

By Component

  • Fuzes & Primers
  • Propellants
  • Bases
  • Projectiles and Warheads
  • Others

By Guidance

  • Non-guided
  • Guided

By Lethality

  • Lethal
  • Less-lethal

By Region

  • North America
  • Asia Pacific
  • Europe
  • Middle East
  • Latin America
  • Africa

Recent Developments

  • In July 2020, the Nexter KNDS Group received a contract from the French Army for the supply of 70,000 modular artillery loads for use on the CAESAR system. The CAESAR system is a 155mm artillery system being used by the French Army. All the modules under this assignment will be manufactured at the Eurenco Bergerac site and delivered between 2021 and 2022 to the French Army.
  • In July 2020, Northrop Grumman Corporation secured a contract from the US Army to deliver the next-generation airburst cartridge for the 30mm XM813 Bushmaster Chain Gun. The Bushmaster Chain Gun will be installed on the Stryker Infantry Carrier Vehicle (ICV).
  • In March 2020, BAE Systems received a contract by the US Army to supply advanced BONUS munitions. BONUS is a 155-millimeter munition designed for destroying armored targets and will be employed by the Army’s fleet of M109 self-propelled howitzers and M777 ultra-lightweight towed howitzers. These deliveries are expected to start in 2021.

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393

1 INTRODUCTION (Page No. - 54)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           1.3.1 AMMUNITION MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
        TABLE 1 USD EXCHANGE RATES
    1.5 LIMITATIONS
    1.6 MARKET STAKEHOLDERS
    1.7 SUMMARY OF CHANGES
        FIGURE 1 AMMUNITION MARKET TO GAIN STEADY GROWTH IN THE COMING YEARS

2 RESEARCH METHODOLOGY (Page No. - 60)
    2.1 RESEARCH DATA
        FIGURE 2 RESEARCH FLOW
        FIGURE 3 AMMUNITION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
                            FIGURE 4 KEY DATA FROM SECONDARY SOURCES
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
                            FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
           2.2.1 MARKET DEFINITION & SCOPE
           2.2.2 SEGMENTAL SCOPE
                    2.2.2.1 By Application
                    2.2.2.2 By Caliber
                    2.2.2.3 By Product
                    2.2.2.4 By Components
                    2.2.2.5 By Guidance
                    2.2.2.6 By Lethality
           2.2.3 EXCLUSIONS
    2.3 RESEARCH APPROACH & METHODOLOGY
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 COVID-19 Impact on the market
                    2.3.1.2 Ammunition market for military
                    2.3.1.3 Ammunition market for homeland security
                    2.3.1.4 Ammunition market for civil & commercial
                    2.3.1.5 Ammunition market size, by segment
                            FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
        FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 MARKET BREAKDOWN & DATA TRIANGULATION
        FIGURE 8 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS
        FIGURE 9 ASSUMPTIONS FOR THE RESEARCH STUDY
    2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 71)
  FIGURE 10 THE DEFENSE SEGMENT IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE DURING THE FORECAST PERIOD
  FIGURE 11 THE SMALL CALIBER SEGMENT IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE DURING THE FORECAST PERIOD
  FIGURE 12 THE AERIAL BOMBS SEGMENT, BY PRODUCT, IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
  FIGURE 13 THE PROJECTILE AND WARHEADS SEGMENT IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE DURING THE FORECAST PERIOD
  FIGURE 14 THE NON-GUIDED SEGMENT OF THE AMMUNITION MARKET IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
  FIGURE 15 THE LETHAL SEGMENT OF THE AMMUNITION MARKET IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
  FIGURE 16 THE ASIA PACIFIC MARKET IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 76)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE AMMUNITION MARKET
        FIGURE 17 INCREASING NUMBER OF ARMED CONFLICTS AND DEMAND OF ARMED FORCES MODERNISATION PROGRAMS ARE FACTORS DRIVING MARKET GROWTH
    4.2 AMMUNITION MARKET FOR DEFENSE APPLICATIONS
        FIGURE 18 THE MILITARY SEGMENT IS PROJECTED TO LEAD THE AMMUNITION MARKET DURING THE FORECAST PERIOD
    4.3 AMMUNITION MARKET FOR CIVIL & COMMERCIAL APPLICATIONS
        FIGURE 19 THE SELF-DEFENSE SEGMENT IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.4 AMMUNITION MARKET FOR SMALL CALIBER, BY TYPE
        FIGURE 20 THE 5.56MM SEGMENT IS ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE CALIBER SEGMENT IN 2020
    4.5 AMMUNITION MARKET, BY APPLICATION
        FIGURE 21 DEFENSE SEGMENT IS EXPECTED TO LEAD THE AMMUNITION MARKET DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 79)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: AMMUNITION MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Geopolitical tensions, territorial conflicts, and political unrest in the Middle East and the Asia Pacific
                            TABLE 2 GLOBAL TERRORISM INDEX, BY COUNTRY, 2019
                    5.2.1.2 Rising military expenditure, leading to increased arms transfer
                            FIGURE 23 TOP 15 COUNTRIES IN TERMS OF MILITARY EXPENDITURE, 2019
                            FIGURE 24 SHARE OF TOP 10 MAJOR ARMS EXPORTERS, 2015–2019
                    5.2.1.3 Change in the nature of warfare
                    5.2.1.4 Modernization programs undertaken by military forces in major economies
                            FIGURE 25 SHARE OF TOP 10 MAJOR ARMS IMPORTERS, 2015–2019
                    5.2.1.5 The militarization of police forces
                    5.2.1.6 Rise in drug trafficking globally
                    5.2.1.7 Increased procurement of guns for personal safety and shooting sports
           5.2.2 RESTRAINTS
                    5.2.2.1 Varying economic, legal, and political regulations affecting the procurement of ammunition
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Advancements in small caliber ammunition due to increased R&D expenditure
                            TABLE 3 RECENT DEVELOPMENTS IN ADVANCED AMMUNITION
                    5.2.3.2 Stockpiling of ammunition
                            TABLE 4 FEDERAL LAW ENFORCEMENT OFFICER (FLEO) FIREARMS, AMMUNITION, AND INVENTORY, AS OF NOVEMBER 2017, FOR EPA, HHS, AND IRS
                    5.2.3.3 Reduction in weight of ammunition
                    5.2.3.4 Increased demand for advanced medium and large caliber ammunition from emerging economies
           5.2.4 CHALLENGES
                    5.2.4.1 The proliferation of illicit ammunition manufacturers
                    5.2.4.2 International measures such as Arms Trade Treaty (ATT) to control the use of ammunition
    5.3 IMPACT OF COVID-19 ON THE AMMUNITION MARKET
           5.3.1 DEMAND-SIDE IMPACT
                    5.3.1.1 Key developments from January 2020 to July 2020
           5.3.2 SUPPLY-SIDE IMPACT
                    5.3.2.1 Key developments from January 2020 to July 2020
    5.4 COMPANY VS. MARKET HEATMAP
        FIGURE 26 KEY SUPPLIERS IN THE AMMUNITION MARKET
        FIGURE 27 AMMUNITION COMPANY HEAT MAP –CALIBERS OFFERED, BY COMPANY
        FIGURE 28 SMALL CALIBER AMMUNITION CALIBER HEAT MAP – TOP CALIBERS OFFERED, BY COMPANY
    5.5 USE CASE: SMALL CALIBER AMMUNITION
           5.5.1 INCREASED EFFORTS TO DEVELOP ADVANCED SMALL CALIBERS FOR DEFENSE APPLICATIONS
                 FIGURE 29 OVERVIEW OF INNOVATION IN SMALL CALIBER AMMUNITION SEGMENT
                    5.5.1.1 Development of superior 6.8mm ammunition by US armed forces to replace the existing 5.56mm ammunition
                    5.5.1.2 .300 blackout commercial-grade calibers seeing increased adoption by major armed forces
    5.6 VALUE CHAIN ANALYSIS
        FIGURE 30 VALUE CHAIN ANALYSIS: AMMUNITION MARKET
           5.6.1 AMMUNITION PRODUCTION PROCESS
                 FIGURE 31 SMALL CALIBER AMMUNITION PRODUCTION PROCESS
                    5.6.1.1 Packaging and marking of small caliber ammunition
                    5.6.1.2 Trends in packaging and marking ammunition
                               5.6.1.2.1 Laser engraving
                               5.6.1.2.2 RFID tags
                               5.6.1.2.3 Electronic chip strips
    5.7 AVERAGE SELLING PRICE ANALYSIS
           5.7.1 AVERAGE SELLING PRICE OF SMALL CALIBER AMMUNITION
                 TABLE 5 AVERAGE SELLING PRICE OF SMALL CALIBER AMMUNITION, 2019 (USD)
           5.7.2 AVERAGE SELLING PRICE OF MEDIUM CALIBER AMMUNITION
                 TABLE 6 AVERAGE SELLING PRICE OF MEDIUM CALIBER AMMUNITION, 2019 (USD)
    5.8 IMPORT-EXPORT TRENDS
           5.8.1 IMPORTS (SMALL ARMS, LIGHT WEAPONS, AND AMMUNITION), 2016
                 TABLE 7 IMPORT DATA, 2016
           5.8.2 EXPORT (SMALL ARMS, LIGHT WEAPONS, AND AMMUNITION), 2016
                 TABLE 8 EXPORT DATA, 2016

6 INDUSTRY TRENDS (Page No. - 106)
    6.1 INTRODUCTION
    6.2 EVOLUTION
        FIGURE 32 EVOLUTION OF AMMUNITION
    6.3 TECHNOLOGY TRENDS
        FIGURE 33 AMMUNITION TECHNOLOGY TRENDS
           6.3.1 CASELESS TELESCOPED AMMUNITION (CTA)
           6.3.2 POLYMER-CASED AMMUNITION
                 TABLE 9 CONVENTIONAL BRASS-CASED AMMUNITION VS. EMERGENT CARTRIDGE CASE TECHNOLOGIES
           6.3.3 LIGHTWEIGHT AMMUNITION
                 TABLE 10 WEIGHT DISTRIBUTION: 7.62X51MM CARTRIDGE
           6.3.4 OPTICALLY INITIATED AMMUNITION
           6.3.5 RADICALLY INVASIVE PROJECTILE (RIP) AMMUNITION
           6.3.6 PRECISION-GUIDED MUNITION (PGM)
           6.3.7 MULTIPURPOSE MUNITION
    6.4 ADVANCEMENTS IN AMMUNITION TECHNOLOGY
           6.4.1 CARTRIDGE-BASED AMMUNITION
                    6.4.1.1 Laser-initiated ammunition
                    6.4.1.2 One-way luminescence (OWL) projectiles
                    6.4.1.3 Pre-fragmented ammunition
                    6.4.1.4 General-purpose caliber
                    6.4.1.5 Green ammunition
                    6.4.1.6 Cased telescoped (CT) ammunition
                    6.4.1.7 Polymer cartridge cases
                    6.4.1.8 Caseless ammunition
                    6.4.1.9 Self-guided smart bullets
                    6.4.1.10 Biodegradable plant-growing bullets
           6.4.2 SMART WEAPON AMMUNITION
                    6.4.2.1 Precision inertial navigation systems (PINS)
                    6.4.2.2 Micro inertial navigation technology
                    6.4.2.3 Extreme accuracy tasked ordinance
                    6.4.2.4 Inertial measurement units
           6.4.3 SELF-STEERING BULLET
    6.5 AMMUNITION REGULATORY BODIES, BY REGION
        FIGURE 34 AMMUNITION REGULATORY BODIES, BY REGION
    6.6 INNOVATIONS & PATENTS
        TABLE 11 IMPORTANT INNOVATION & PATENT REGISTRATIONS, 2011-2017

7 AMMUNITION MARKET, BY APPLICATION (Page No. - 116)
    7.1 INTRODUCTION
    7.2 IMPACT OF COVID-19 ON APPLICATIONS IN THE AMMUNITION MARKET
           7.2.1 MOST IMPACTED APPLICATION SEGMENT: CIVIL & COMMERCIAL
           7.2.2 LEAST IMPACTED APPLICATION SEGMENT: DEFENSE
                 FIGURE 35 DEFENSE SEGMENT IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE AMMUNITION MARKET DURING THE FORECAST PERIOD
                 TABLE 12 AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 13 AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
    7.3 DEFENSE
        TABLE 14 AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 15 AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
           7.3.1 MILITARY
                    7.3.1.1 Increasing spending on the modernization of armed forces, especially in the Asia Pacific and North America region
           7.3.2 HOMELAND SECURITY
                    7.3.2.1 Rising use of small caliber ammunition by law enforcement agencies across the globe
    7.4 CIVIL & COMMERCIAL
        TABLE 16 AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2017–2025 (USD MILLION)
        TABLE 17 AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
           7.4.1 SPORTING
                    7.4.1.1 Increasing adoption of shooting sports in the North America region
           7.4.2 HUNTING
                    7.4.2.1 Increasing demand for precision small caliber ammunition in hunting activities
           7.4.3 SELF-DEFENSE
                    7.4.3.1 Rising concerns over individual safety during the pandemic is leading to the increased adoption of personal weapons
           7.4.4 OTHERS

8 AMMUNITION MARKET, BY CALIBER (Page No. - 123)
    8.1 INTRODUCTION
    8.2 IMPACT OF COVID-19 ON CALIBER IN AMMUNITION MARKET
           8.2.1 MOST IMPACTED CALIBER SEGMENT: SMALL CALIBER
           8.2.2 LESS IMPACTED CALIBER SEGMENT: MEDIUM AND LARGE CALIBER
                 FIGURE 36 SMALL CALIBER SEGMENT IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                 TABLE 18 AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                 TABLE 19 AMMUNITION MARKET SIZE, BY CALIBER, 2020-2025 (USD MILLION)
                 TABLE 20 SMALL CALIBER AMMUNITION: VOLUME (UNITS) 2016–2019
    8.3 SMALL CALIBER AMMUNITION
        TABLE 21 SMALL CALIBER AMMUNITION MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           8.3.1 9MM
                    8.3.1.1 9x19mm Parabellum is the most preferred handgun caliber by law enforcement agencies across the globe
           8.3.2 5.56MM
                    8.3.2.1 5.56x45mm is the widely used caliber in military applications
           8.3.3 7.62MM
                    8.3.3.1 Increase in the procurement of 7.62x51mm from defense forces across the globe
           8.3.4 .338 LAPUA MAGNUM
                    8.3.4.1 .338 Lapua Magnum has seen increased adoption by special forces for precision applications
           8.3.5 .338 NORMA MAGNUM
                    8.3.5.1 Increasing adoption of .338 Norma Magnum ammunition for US armed forces
           8.3.6 12.7MM
                    8.3.6.1 12.7mm is majorly used by armed forces
           8.3.7 14.5MM
                    8.3.7.1 Increased demand for 14.5mm caliber for remote weapon stations
           8.3.8 OTHERS (SMALL CALIBER AMMUNITION)
    8.4 MEDIUM CALIBER AMMUNITION
        TABLE 22 MEDIUM CALIBER AMMUNITION MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           8.4.1 20MM
                    8.4.1.1 Increasing use of 20mm ammunition on C-RAM weapon systems
           8.4.2 25MM
                    8.4.2.1 Increasing usage of 25mm ammunition on infantry fighting vehicles
           8.4.3 30MM
                    8.4.3.1 High usage of 30mm ammunition by attack helicopters
           8.4.4 40MM
                    8.4.4.1 Increasing demand for 40mm mortars and grenades ammunition
    8.5 LARGE CALIBER AMMUNITION
        TABLE 23 LARGE CALIBER AMMUNITION MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           8.5.1 60MM
                    8.5.1.1 Increasing use of 60mm mortars in Asia Pacific countries
           8.5.2 81MM
                    8.5.2.1 Growing use of 81mm mortars for long-range bombardment
           8.5.3 120MM
                    8.5.3.1 Adoption of various types of 120mm ammunition on main battle tanks
           8.5.4 155MM
                    8.5.4.1 The high demand of 155mm ammunition for long-range artillery applications
           8.5.5 OTHERS (LARGE CALIBER AMMUNITIONS)
    8.6 OTHERS

9 AMMUNITION MARKET, BY PRODUCT (Page No. - 134)
    9.1 INTRODUCTION
        FIGURE 37 THE BULLETS SEGMENT IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
        TABLE 24 AMMUNITION MARKET SIZE, BY PRODUCT, 2016–2019 (USD MILLION)
        TABLE 25 AMMUNITION MARKET SIZE, BY PRODUCT, 2020–2025 (USD MILLION)
    9.2 BULLETS
           9.2.1 HIGH DEMAND OF BULLETS BY INFANTRY SOLDIERS, HOMELAND SECURITY PERSONNEL, AND CIVILIANS
    9.3 AERIAL BOMBS
           9.3.1 INCREASING FOCUS ON UPGRADATION OF AIR FORCE INVENTORY BY ARMED FORCES
    9.4 GRENADES
           9.4.1 INCREASING USE OF HAND GRENADES IN COMBAT OPERATIONS
    9.5 ARTILLERY SHELLS
           9.5.1 PROCUREMENT OF ADVANCED ARTILLERY SYSTEMS FOR MILITARY MODERNISATION PROGRAMS ACROSS THE GLOBE
    9.6 MORTARS
           9.6.1 HIGH DEMAND OF LOW-COST MORTARS IN ASIA PACIFIC COUNTRIES

10 AMMUNITION MARKET, BY COMPONENT (Page No. - 138)
     10.1 INTRODUCTION
          FIGURE 38 THE PROJECTILES AND WARHEADS SEGMENT IS PROJECTED TO LEAD THE AMMUNITION MARKET DURING THE FORECAST PERIOD
          TABLE 26 AMMUNITION MARKET SIZE, BY COMPONENT, 2016–2019 (USD MILLION)
          TABLE 27 AMMUNITION MARKET SIZE, BY COMPONENT, 2020–2025 (USD MILLION)
     10.2 FUZES & PRIMERS
             10.2.1 PRIMERS
                        10.2.1.1 Rimfire primers
                                     10.2.1.1.1 High demand for rimfire primers in low-cost ammunition
                        10.2.1.2 Centerfire primers
                                     10.2.1.2.1 High acceptance of centrefire primers in military ammunition
             10.2.2 FUZES
                        10.2.2.1 Time fuzes
                                     10.2.2.1.1 High adoption of time fuzes in large caliber ammunition
                        10.2.2.2 Impact fuzes
                                     10.2.2.2.1 The growing demand for impact fuze in conventional ammunition
                        10.2.2.3 Proximity fuzes
                                     10.2.2.3.1 Use of proximity fuzes in naval ammunition
                        10.2.2.4 Combination fuzes
                                     10.2.2.4.1 Increasing adoption of combination fuzes for new range guided ammunition
     10.3 PROPELLANTS
             10.3.1 HIGH DEMAND OF GUN POWDER IN BULLETS
     10.4 BASES
             10.4.1 HIGH DEMAND OF COPPER BASE IN CONVENTIONAL AMMUNITION
     10.5 PROJECTILES AND WARHEADS
             10.5.1 INCREASING DEVELOPMENT OF NEW VARIETIES OF WARHEADS
     10.6 OTHERS

11 AMMUNITION MARKET, BY GUIDANCE (Page No. - 143)
     11.1 INTRODUCTION
          FIGURE 39 THE NON-GUIDED SEGMENT IS PROJECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
          TABLE 28 AMMUNITION MARKET SIZE, BY GUIDANCE, 2016–2019 (USD MILLION)
          TABLE 29 AMMUNITION MARKET SIZE, BY GUIDANCE, 2020–2025 (USD MILLION)
     11.2 GUIDED
             11.2.1 INCREASING DEMAND OF GUIDED AMMUNITION AND TRANSITION FROM UNGUIDED AMMUNITION TO GUIDED AMMUNITION
     11.3 NON-GUIDED
             11.3.1 VERY HIGH USE OF CONVENTIONAL NON-GUIDED AMMUNITION BY MILITARY FORCES WORLDWIDE

12 AMMUNITION MARKET, BY LETHALITY (Page No. - 146)
     12.1 INTRODUCTION
          FIGURE 40 THE LETHAL SEGMENT IS PROJECTED TO ACCOUNT FOR THE LARGER SHARE OF THE MARKET DURING THE FORECAST PERIOD
          TABLE 30 AMMUNITION MARKET SIZE, BY LETHALITY, 2016–2019 (USD MILLION)
          TABLE 31 AMMUNITION MARKET SIZE, BY LETHALITY, 2020–2025 (USD MILLION)
     12.2 LESS-LETHAL
             12.2.1 COMMONLY USED LESS-LETHAL AMMUNITION INCLUDE RUBBER BULLETS, BEAN BAG ROUNDS, POLYETHYLENE/PLASTIC BULLETS, SMOKE MUNITION, AND FLASH BANG ROUNDS, AMONG OTHERS
     12.3 LETHAL
             12.3.1 LETHAL AMMUNITION CAN BE USED BY INDIVIDUALS SUBJECT TO OBTAINING PERMITS FROM THE RESPECTIVE AUTHORITIES

13 REGIONAL ANALYSIS (Page No. - 149)
     13.1 INTRODUCTION
     13.2 IMPACT OF COVID-19 ON THE AMMUNITION MARKET
     13.3 THREE GLOBAL SCENARIOS OF THE AMMUNITION MARKET
          FIGURE 41 GLOBAL SCENARIOS OF AMMUNITION MARKET
          TABLE 32 GLOBAL SCENARIO OF AMMUNITION MARKET, 2017–2025 (USD MILLION)
          FIGURE 42 NORTH AMERICA ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE AMMUNITION MARKET IN 2020
          TABLE 33 AMMUNITION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
          TABLE 34 AMMUNITION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
     13.4 NORTH AMERICA
             13.4.1 COVID-19 IMPACT ON NORTH AMERICA
             13.4.2 PESTLE ANALYSIS: NORTH AMERICA
                    FIGURE 43 NORTH AMERICA AMMUNITION MARKET SNAPSHOT: US TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
                    TABLE 35 NORTH AMERICA AMMUNITION MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 36 NORTH AMERICA AMMUNITION MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 37 NORTH AMERICA AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 38 NORTH AMERICA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 39 NORTH AMERICA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 40 NORTH AMERICA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE,  2020–2025 (USD MILLION)
                    TABLE 41 NORTH AMERICA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 42 NORTH AMERICA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL,  BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 43 NORTH AMERICA AMMUNITION MARKET SIZE, BY CALIBER,  2016–2019 (USD MILLION)
                    TABLE 44 NORTH AMERICA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 45 NORTH AMERICA SMALL CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 46 NORTH AMERICA MEDIUM CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 47 NORTH AMERICA LARGE CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 48 NORTH AMERICA AMMUNITION MARKET SIZE, BY PRODUCT, 2016–2019 (USD MILLION)
                    TABLE 49 NORTH AMERICA AMMUNITION MARKET SIZE, BY PRODUCT,  2020–2025 (USD MILLION)
                    TABLE 50 NORTH AMERICA AMMUNITION MARKET SIZE, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 51 NORTH AMERICA AMMUNITION MARKET SIZE, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 52 NORTH AMERICA AMMUNITION MARKET SIZE, BY GUIDANCE, 2016–2019 (USD MILLION)
                    TABLE 53 NORTH AMERICA AMMUNITION MARKET SIZE, BY GUIDANCE, 2020–2025 (USD MILLION)
                    TABLE 54 NORTH AMERICA AMMUNITION MARKET SIZE, BY LETHALITY, 2016–2019 (USD MILLION)
                    TABLE 55 NORTH AMERICA AMMUNITION MARKET SIZE, BY LETHALITY, 2020–2025 (USD MILLION)
             13.4.3 US
                        13.4.3.1 The US is one of the leading markets for ammunition across the globe
                                 FIGURE 44 US: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 56 US AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 57 US AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 58 US AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 59 US AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 60 US AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 61 US AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 62 US AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 63 US AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 64 US SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.4.4 CANADA
                        13.4.4.1 Military modernization programs are fueling the growth of the Canadian ammunition market
                                 FIGURE 45 CANADA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 65 CANADA AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 66 CANADA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 67 CANADA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 68 CANADA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 69 CANADA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 70 CANADA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 71 CANADA AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 72 CANADA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 73 CANADA SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
     13.5 EUROPE
             13.5.1 COVID-19 IMPACT ON EUROPE
             13.5.2 PESTLE ANALYSIS: EUROPE
                    FIGURE 46 EUROPE AMMUNITION MARKET SNAPSHOT: POLAND TO HAVE THE HIGHEST GROWTH POTENTIAL DURING THE FORECAST PERIOD
                    TABLE 74 EUROPE AMMUNITION MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 75 EUROPE AMMUNITION MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 76 EUROPE AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 77 EUROPE AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 78 EUROPE AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 79 EUROPE AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 80 EUROPE AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 81 EUROPE AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 82 EUROPE AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                    TABLE 83 EUROPE AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 84 EUROPE SMALL CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 85 EUROPE MEDIUM CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 86 EUROPE LARGE CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 87 EUROPE AMMUNITION MARKET SIZE, BY PRODUCT, 2016–2019 (USD MILLION)
                    TABLE 88 EUROPE AMMUNITION MARKET SIZE, BY PRODUCT,  2020–2025 (USD MILLION)
                    TABLE 89 EUROPE AMMUNITION MARKET SIZE, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 90 EUROPE AMMUNITION MARKET SIZE, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 91 EUROPE AMMUNITION MARKET SIZE, BY GUIDANCE, 2016–2019 (USD MILLION)
                    TABLE 92 EUROPE AMMUNITION MARKET SIZE, BY GUIDANCE, 2020–2025 (USD MILLION)
                    TABLE 93 EUROPE AMMUNITION MARKET SIZE, BY LETHALITY, 2016–2019 (USD MILLION)
                    TABLE 94 EUROPE AMMUNITION MARKET SIZE, BY LETHALITY, 2020–2025 (USD MILLION)
             13.5.3 UK
                        13.5.3.1 Procurement of new generation guided ammunition for defense forces drives the market growth
                                 FIGURE 47 UK: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 95 UK AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 96 UK AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 97 UK AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 98 UK AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 99 UK AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 100 UK AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 101 UK AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 102 UK AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 103 UK SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.5.4 FRANCE
                        13.5.4.1 increasing stockpiling of ammunitions for training activities of armed forces
                                 FIGURE 48 FRANCE: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 104 FRANCE AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 105 FRANCE AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 106 FRANCE AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 107 FRANCE AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 108 FRANCE AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 109 FRANCE AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 110 FRANCE AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 111 FRANCE AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 112 FRANCE SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.5.5 RUSSIA
                        13.5.5.1 Increased ammunition procurement due to cross-border conflicts support market growth
                                 FIGURE 49 RUSSIA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 113 RUSSIA AMMUNITION MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                                 TABLE 114 RUSSIA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 115 RUSSIA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 116 RUSSIA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 117 RUSSIA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 118 RUSSIA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 119 RUSSIA AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 120 RUSSIA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 121 RUSSIA SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY,  BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.5.6 GERMANY
                        13.5.6.1 The presence of key market players is leading to an increased demand for ammunition Germany
                                 FIGURE 50 GERMANY: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 122 GERMANY AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 123 GERMANY AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 124 GERMANY AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 125 GERMANY AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 126 GERMANY AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 127 GERMANY AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 128 GERMANY AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 129 GERMANY AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 130 GERMANY SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.5.7 ITALY
                        13.5.7.1 Increasing demand for ammunition by homeland security agencies of Italy
                                 FIGURE 51 ITALY: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 131 ITALY AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 132 ITALY AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 133 ITALY AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 134 ITALY AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 135 ITALY AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 136 ITALY AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 137 ITALY AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 138 ITALY AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 139 ITALY SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.5.8 SPAIN
                        13.5.8.1 Rising demand for ammunition from law enforcement agencies of Spain drives the market growth
                                 FIGURE 52 SPAIN: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 140 SPAIN AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 141 SPAIN AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 142 SPAIN AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 143 SPAIN AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 144 SPAIN AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 145 SPAIN AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 146 SPAIN AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 147 SPAIN AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 148 SPAIN SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.5.9 POLAND
                        13.5.9.1 Rising demand for small caliber ammunition by military and law enforcement agencies supports market growth
                                 FIGURE 53 POLAND: MILITARY SPENDING, 2010–2019 (USD MILLION)
                                 TABLE 149 POLAND AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 150 OLAND AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 151 POLAND AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 152 POLAND AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 153 POLAND SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.5.10 REST OF EUROPE
                    TABLE 154 REST OF EUROPE AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 155 REST OF EUROPE AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 156 REST OF EUROPE AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 157 REST OF EUROPE AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 158 REST OF EUROPE AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL,  BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 159 REST OF EUROPE AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 160 REST OF EUROPE AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                    TABLE 161 REST OF EUROPE AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
     13.6 ASIA PACIFIC
             13.6.1 COVID-19 IMPACT ON THE ASIA PACIFIC REGION
             13.6.2 PESTLE ANALYSIS: ASIA PACIFIC
                    FIGURE 54 ASIA PACIFIC AMMUNITION MARKET SNAPSHOT: CHINA TO HAVE THE HIGHEST GROWTH POTENTIAL DURING THE FORECAST PERIOD
                    TABLE 162 ASIA PACIFIC AMMUNITION MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 163 ASIA PACIFIC AMMUNITION MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 164 ASIA PACIFIC AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 165 ASIA PACIFIC AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 166 ASIA PACIFIC AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 167 ASIA PACIFIC AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 168 ASIA PACIFIC AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 169 ASIA PACIFIC AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL,  BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 170 ASIA PACIFIC AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                    TABLE 171 ASIA PACIFIC AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 172 ASIA PACIFIC SMALL CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 173 ASIA PACIFIC MEDIUM CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 174 ASIA PACIFIC LARGE CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 175 ASIA PACIFIC AMMUNITION MARKET SIZE, BY PRODUCT,  2016–2019 (USD MILLION)
                    TABLE 176 ASIA PACIFIC AMMUNITION MARKET SIZE, BY PRODUCT, 2020–2025 (USD MILLION)
                    TABLE 177 ASIA PACIFIC AMMUNITION MARKET SIZE, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 178 ASIA PACIFIC AMMUNITION MARKET SIZE, BY COMPONENT,  2020–2025 (USD MILLION)
                    TABLE 179 ASIA PACIFIC AMMUNITION MARKET SIZE, BY GUIDANCE, 2016–2019 (USD MILLION)
                    TABLE 180 ASIA PACIFIC AMMUNITION MARKET SIZE, BY GUIDANCE, 2020–2025 (USD MILLION)
                    TABLE 181 ASIA PACIFIC AMMUNITION MARKET SIZE, BY LETHALITY, 2016–2019 (USD MILLION)
                    TABLE 182 ASIA PACIFIC AMMUNITION MARKET SIZE, BY LETHALITY, 2020–2025 (USD MILLION)
             13.6.3 CHINA
                        13.6.3.1 Rising demand for ammunition procurement due to geopolitical tensions with neighboring countries
                                 FIGURE 55 CHINA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 183 CHINA AMMUNITION MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                                 TABLE 184 CHINA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 185 CHINA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 186 CHINA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 187 CHINA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 188 CHINA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 189 CHINA AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 190 CHINA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 191 CHINA SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.6.4 INDIA
                        13.6.4.1 Increasing defense budgets of the country to drive market growth for ammunition in India
                                 FIGURE 56 INDIA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 192 INDIA AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 193 INDIA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 194 INDIA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE,  2016–2019 (USD MILLION)
                                 TABLE 195 INDIA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 196 INDIA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 197 INDIA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 198 INDIA AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 199 INDIA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 200 INDIA SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.6.5 JAPAN
                        13.6.5.1 Development of high-end indigenous ammunition technology drives the market growth in Japan
                                 FIGURE 57 JAPAN: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 201 JAPAN AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 202 JAPAN AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 203 JAPAN AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 204 JAPAN AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 205 JAPAN AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 206 JAPAN AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 207 JAPAN AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 208 JAPAN AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 209 JAPAN SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.6.6 SOUTH KOREA
                        13.6.6.1 Increasing demand for ammunition for use in advanced MBTs and IFVs supports market growth in South Korea
                                 FIGURE 58 SOUTH KOREA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 210 SOUTH KOREA AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 211 SOUTH KOREA AMMUNITION MARKET SIZE, BY APPLICATION,  2020–2025 (USD MILLION)
                                 TABLE 212 SOUTH KOREA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 213 SOUTH KOREA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 214 SOUTH KOREA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 215 SOUTH KOREA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 216 SOUTH KOREA AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 217 SOUTH KOREA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 218 SOUTH KOREA SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.6.7 AUSTRALIA
                        13.6.7.1 Rising demand for advanced ammunition by defense forces drives the market growth
                                 FIGURE 59 AUSTRALIA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 219 AUSTRALIA AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 220 AUSTRALIA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 221 AUSTRALIA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 222 AUSTRALIA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 223 AUSTRALIA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 224 AUSTRALIA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 225 AUSTRALIA AMMUNITION MARKET SIZE, BY CALIBER,  2016–2019 (USD MILLION)
                                 TABLE 226 AUSTRALIA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 227 AUSTRALIA SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.6.8 SINGAPORE
                        13.6.8.1 Rising demand for ammunition from law enforcement agencies drives the market growth in Singapore
                                 TABLE 228 SINGAPORE AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 229 SINGAPORE AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 230 SINGAPORE AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 231 SINGAPORE AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 232 SINGAPORE AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 233 SINGAPORE AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 234 SINGAPORE AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 235 SINGAPORE AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 236 SINGAPORE SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.6.9 INDONESIA
                        13.6.9.1 Indonesia is a fast-growing defense market in the APAC region
                                 FIGURE 60 INDONESIA: MILITARY SPENDING, 2010–2019 (USD MILLION)
                                 TABLE 237 INDONESIA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 238 INDONESIA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 239 INDONESIA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 240 INDONESIA AMMUNITION MARKET SIZE, BY CALIBER,  2020–2025 (USD MILLION)
                                 TABLE 241 INDONESIA SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.6.10 VIETNAM
                        13.6.10.1 Rising tensions between Vietnam and other countries have led to increasing military capabilities, thus supporting market growth
                                  TABLE 242 VIETNAM AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                  TABLE 243 VIETNAM AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE,  2020–2025 (USD MILLION)
                                  TABLE 244 VIETNAM AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                  TABLE 245 VIETNAM AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                  TABLE 246 VIETNAM SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.6.11 REST OF ASIA PACIFIC
                    FIGURE 61 MALAYSIA: MILITARY SPENDING, 2010–2019 (USD MILLION)
                    FIGURE 62 NEW ZEALAND: MILITARY SPENDING, 2010–2019 (USD MILLION)
                    FIGURE 63 PHILIPPINES: MILITARY SPENDING, 2010–2019 (USD MILLION)
                    FIGURE 64 TAIWAN: MILITARY SPENDING, 2010–2019 (USD MILLION)
                    TABLE 247 REST OF ASIA PACIFIC AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 248 REST OF ASIA PACIFIC AMMUNITION MARKET SIZE, BY APPLICATION,  2020–2025 (USD MILLION)
                    TABLE 249 REST OF ASIA PACIFIC AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 250 REST OF ASIA PACIFIC AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 251 REST OF ASIA PACIFIC AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 252 REST OF ASIA PACIFIC AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 253 REST OF ASIA PACIFIC AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                    TABLE 254 REST OF ASIA PACIFIC AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
     13.7 MIDDLE EAST
             13.7.1 COVID-19 IMPACT ON THE MIDDLE EAST
             13.7.2 PESTLE ANALYSIS: MIDDLE EAST
                    FIGURE 65 MIDDLE EAST AMMUNITION MARKET SNAPSHOT: ISRAEL TO HAVE THE HIGHEST GROWTH POTENTIAL DURING THE FORECAST PERIOD
                    TABLE 255 MIDDLE EAST AMMUNITION MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 256 MIDDLE EAST AMMUNITION MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 257 MIDDLE EAST AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 258 MIDDLE EAST AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 259 MIDDLE EAST AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 260 MIDDLE EAST AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 261 MIDDLE EAST AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL,  BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 262 MIDDLE EAST AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 263 MIDDLE EAST AMMUNITION MARKET SIZE, BY CALIBER,  2016–2019 (USD MILLION)
                    TABLE 264 MIDDLE EAST AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 265 MIDDLE EAST SMALL CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 266 MIDDLE EAST MEDIUM CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 267 MIDDLE EAST LARGE CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 268 MIDDLE EAST AMMUNITION MARKET SIZE, BY PRODUCT, 2016–2019 (USD MILLION)
                    TABLE 269 MIDDLE EAST AMMUNITION MARKET SIZE, BY PRODUCT, 2020–2025 (USD MILLION)
                    TABLE 270 MIDDLE EAST AMMUNITION MARKET SIZE, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 271 MIDDLE EAST AMMUNITION MARKET SIZE, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 272 MIDDLE EAST AMMUNITION MARKET SIZE, BY GUIDANCE, 2016–2019 (USD MILLION)
                    TABLE 273 MIDDLE EAST AMMUNITION MARKET SIZE, BY GUIDANCE, 2020–2025 (USD MILLION)
                    TABLE 274 MIDDLE EAST AMMUNITION MARKET SIZE, BY LETHALITY, 2016–2019 (USD MILLION)
                    TABLE 275 MIDDLE EAST AMMUNITION MARKET SIZE, BY LETHALITY, 2020–2025 (USD MILLION)
             13.7.3 SAUDI ARABIA
                        13.7.3.1 Increased procurement of ammunition in Saudi Arabia drives the market growth
                                 FIGURE 66 SAUDI ARABIA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 276 SAUDI ARABIA AMMUNITION MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                                 TABLE 277 SAUDI ARABIA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 278 SAUDI ARABIA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE,  2016–2019 (USD MILLION)
                                 TABLE 279 SAUDI ARABIA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 280 SAUDI ARABIA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 281 SAUDI ARABIA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL,  BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 282 SAUDI ARABIA AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 283 SAUDI ARABIA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 284 SAUDI ARABIA SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.7.4 TURKEY
                        13.7.4.1 Turkey increasing focus strengthening its armed forces to lead to the growth of the ammunition market in the country
                                 FIGURE 67 TURKEY: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 285 TURKEY AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 286 TURKEY AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 287 TURKEY AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 288 TURKEY AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 289 TURKEY AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 290 TURKEY AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 291 TURKEY AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 292 TURKEY AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 293 TURKEY SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.7.5 ISRAEL
                        13.7.5.1 High adoption of advanced weapon systems in Israel in the past few years leading to the growth of the ammunition market in the country
                                 FIGURE 68 ISRAEL: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 294 ISRAEL AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 295 ISRAEL AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 296 ISRAEL AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 297 ISRAEL AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 298 ISRAEL AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 299 ISRAEL AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 300 ISRAEL AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                                 TABLE 301 ISRAEL AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 302 ISRAEL SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.7.6 UAE
                        13.7.6.1 Rising territorial disputes in the region leading to operational readiness of the country’s defense forces
                                 FIGURE 69 UAE: MILITARY SPENDING, 2010-2014 (USD MILLION)
                                 TABLE 303 UAE AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 304 UAE AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 305 UAE AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE,  2020–2025 (USD MILLION)
                                 TABLE 306 UAE AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                                 TABLE 307 UAE SMALL CALIBER AMMUNITION MARKET SIZE FOR MILITARY, BY NATO GRADE CALIBER, 2020–2025 (USD MILLION)
             13.7.7 REST OF MIDDLE EAST
                    FIGURE 70 JORDAN: MILITARY SPENDING, 2010–2019 (USD MILLION)
                    FIGURE 71 KUWAIT: MILITARY SPENDING, 2010–2019 (USD MILLION)
                    FIGURE 72 OMAN: MILITARY SPENDING, 2010–2019 (USD MILLION)
                    TABLE 308 REST OF MIDDLE EAST AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 309 REST OF MIDDLE EAST AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 310 REST OF MIDDLE EAST AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 311 REST OF MIDDLE EAST AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 312 REST OF MIDDLE EAST AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 313 REST OF MIDDLE EAST AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 314 REST OF MIDDLE EAST AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                    TABLE 315 REST OF MIDDLE EAST AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
     13.8 LATIN AMERICA
             13.8.1 COVID-19 IMPACT ON LATIN AMERICA
             13.8.2 PESTLE ANALYSIS: LATIN AMERICA
                    TABLE 316 LATIN AMERICA AMMUNITION MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 317 LATIN AMERICA AMMUNITION MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                    TABLE 318 LATIN AMERICA AMMUNITION MARKET SIZE, BY APPLICATION,  2020–2025 (USD MILLION)
                    TABLE 319 LATIN AMERICA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 320 LATIN AMERICA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 321 LATIN AMERICA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 322 LATIN AMERICA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 323 LATIN AMERICA AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                    TABLE 324 LATIN AMERICA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 325 LATIN AMERICA SMALL CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 326 LATIN AMERICA MEDIUM CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 327 LATIN AMERICA LARGE CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 328 LATIN AMERICA AMMUNITION MARKET SIZE, BY PRODUCT, 2016–2019 (USD MILLION)
                    TABLE 329 LATIN AMERICA AMMUNITION MARKET SIZE, BY PRODUCT, 2020–2025 (USD MILLION)
                    TABLE 330 LATIN AMERICA AMMUNITION MARKET SIZE, BY COMPONENT,  2016–2019 (USD MILLION)
                    TABLE 331 LATIN AMERICA AMMUNITION MARKET SIZE, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 332 LATIN AMERICA AMMUNITION MARKET SIZE, BY GUIDANCE, 2016–2019 (USD MILLION)
                    TABLE 333 LATIN AMERICA AMMUNITION MARKET SIZE, BY GUIDANCE, 2020–2025 (USD MILLION)
                    TABLE 334 LATIN AMERICA AMMUNITION MARKET SIZE, BY LETHALITY, 2016–2019 (USD MILLION)
                    TABLE 335 LATIN AMERICA AMMUNITION MARKET SIZE, BY LETHALITY, 2020–2025 (USD MILLION)
             13.8.3 BRAZIL
                        13.8.3.1 Increasing focus on modernization of armed forces to support market growth in the coming years
                                 FIGURE 73 BRAZIL: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 336 BRAZIL AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 337 BRAZIL AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 338 BRAZIL AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 339 BRAZIL AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
             13.8.4 ARGENTINA
                        13.8.4.1 Rising demand for ammunition due to modernization of armed forces
                                 FIGURE 74 ARGENTINA: MILITARY SPENDING, 2010–2019 (USD MILLION)
                                 TABLE 340 ARGENTINA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 341 ARGENTINA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE,  2020–2025 (USD MILLION)
                                 TABLE 342 ARGENTINA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 343 ARGENTINA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
             13.8.5 MEXICO
                        13.8.5.1 Presence of drug cartels and increasing drug trafficking activities lead to the rising demand for small caliber ammunition in Mexico
                                 FIGURE 75 MEXICO: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 344 MEXICO AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 345 MEXICO AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 346 MEXICO AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 347 MEXICO AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
     13.9 AFRICA
             13.9.1 COVID-19 IMPACT ON AFRICA
             13.9.2 PESTLE ANALYSIS: AFRICA
                    TABLE 348 AFRICA AMMUNITION MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 349 AFRICA AMMUNITION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 350 AFRICA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 351 AFRICA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 352 AFRICA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 353 AFRICA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 354 AFRICA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 355 AFRICA AMMUNITION MARKET SIZE, BY CALIBER, 2016–2019 (USD MILLION)
                    TABLE 356 AFRICA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 357 AFRICA SMALL CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 358 AFRICA MEDIUM CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 359 AFRICA LARGE CALIBER AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
                    TABLE 360 AFRICA AMMUNITION MARKET SIZE, BY PRODUCT, 2016–2019 (USD MILLION)
                    TABLE 361 AFRICA AMMUNITION MARKET SIZE, BY PRODUCT, 2020–2025 (USD MILLION)
                    TABLE 362 AFRICA AMMUNITION MARKET SIZE, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 363 AFRICA AMMUNITION MARKET SIZE, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 364 AFRICA AMMUNITION MARKET SIZE, BY GUIDANCE, 2016–2019 (USD MILLION)
                    TABLE 365 AFRICA AMMUNITION MARKET SIZE, BY GUIDANCE,  2020–2025 (USD MILLION)
                    TABLE 366 AFRICA AMMUNITION MARKET SIZE, BY LETHALITY, 2016–2019 (USD MILLION)
                    TABLE 367 AFRICA AMMUNITION MARKET SIZE, BY LETHALITY , 2020–2025 (USD MILLION)
             13.9.3 SOUTH AFRICA
                        13.9.3.1 Replacement of aging military equipment to drive market growth
                                 FIGURE 76 SOUTH AFRICA: MILITARY SPENDING, 2010–2019 (USD MILLION)
                                 TABLE 368 SOUTH AFRICA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 369 SOUTH AFRICA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 370 SOUTH AFRICA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 371 SOUTH AFRICA AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
             13.9.4 EGYPT
                        13.9.4.1 The increased focus on multilateral training exercises to strengthen its armed forces drives the market growth in Egypt
                                 FIGURE 77 EGYPT: MILITARY SPENDING, 2010–2019 (USD MILLION)
                                 TABLE 372 EGYPT AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 373 EGYPT AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 374 EGYPT AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 375 EGYPT AMMUNITION MARKET SIZE, BY CALIBER, 2020–2025 (USD MILLION)
             13.9.5 ALGERIA
                        13.9.5.1 Rising threats from terrorist groups and instability with neighboring countries to support market growth
                                 FIGURE 78 ALGERIA: MILITARY SPENDING, 2010–2019 (USD MILLION)
                                 TABLE 376 ALGERIA AMMUNITION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                                 TABLE 377 ALGERIA AMMUNITION MARKET SIZE FOR DEFENSE, BY TYPE,  2020–2025 (USD MILLION)
                                 TABLE 378 ALGERIA AMMUNITION MARKET SIZE FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 379 ALGERIA AMMUNITION MARKET SIZE, BY CALIBER,  2020–2025 (USD MILLION)

14 COMPANY LANDSCAPE (Page No. - 282)
     14.1 INTRODUCTION
          FIGURE 79 KEY MARKET PLAYERS ADOPTED CONTRACTS AS THE KEY GROWTH STRATEGY FROM 2017 TO JULY 2020
     14.2 COMPANY RANK ANALYSIS, 2019
          FIGURE 80 COMPANY RANKING ANALYSIS 2019
     14.3 MARKET SHARE ANALYSIS 2019
          FIGURE 81 MARKET SHARE ANALYSIS 2019
     14.4 COMPETITIVE SITUATIONS AND TRENDS
             14.4.1 MARKET EVALUATION FRAMEWORK
                    FIGURE 82 MARKET EVALUATION FRAMEWORK: CONTRACTS OBSERVED TO BE LEADING STRATEGIES AMONG TOP PLAYERS IN 2020
             14.4.2 CONTRACTS
                    TABLE 380 CONTRACTS (2017–JULY 2020)
             14.4.3 NEW PRODUCT LAUNCHES AND NEW PRODUCT DEVELOPMENTS
                    TABLE 381 NEW PRODUCT LAUNCHES AND NEW PRODUCT DEVELOPMENTS  (2017-JULY 2020)
             14.4.4 JOINT VENTURES, PARTNERSHIPS, AND ACQUISITIONS
                    TABLE 382 JOINT VENTURES, PARTNERSHIPS, AND ACQUISITIONS (2017 AND JULY 2020)
             14.4.5 AGREEMENTS AND EXPANSIONS
                    TABLE 383 AGREEMENTS AND EXPANSIONS (2017–JULY 2020)

15 COMPANY EVALUATION MATRIX AND COMPANY PROFILES (Page No. - 296)
     15.1 COMPANY EVALUATION MATRIX
             15.1.1 STAR
             15.1.2 EMERGING LEADERS
             15.1.3 PERVASIVE
             15.1.4 EMERGING COMPANIES
                    FIGURE 83 AMMUNITION COMPANY EVALUATION MATRIX, 2019
(on Business Overview, Products/Services/Solutions Offered, Growth Strategies (Organic & Inorganic), Recent Developments, SWOT Analysis, and MnM View)*
     15.2 AMMO INCORPORATED
          FIGURE 84 AMMO INCORPORATED: COMPANY SNAPSHOT
     15.3 ARSENAL JSCO.
     15.4 BAE SYSTEMS
          FIGURE 85 BAE SYSTEMS: COMPANY SNAPSHOT
          FIGURE 86 BAE SYSTEMS: SWOT ANALYSIS
     15.5 CBC GLOBAL AMMUNITION
     15.6 CHEMRING GROUP PLC
          FIGURE 87 CHEMRING GROUP PLC: COMPANY SNAPSHOT
     15.7 DENEL SOC LTD.
          FIGURE 88 DENEL SOC LTD.: COMPANY SNAPSHOT
     15.8 ELBIT SYSTEMS LTD.
          FIGURE 89 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT
     15.9 FIOCCHI MUNIZIONI SPA
     15.10 GENERAL DYNAMICS CORPORATION
           FIGURE 90 GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
           FIGURE 91 GENERAL DYNAMICS CORPORATION: SWOT ANALYSIS
     15.11 HANWHA CORPORATION
           FIGURE 92 HANWHA CORPORATION: COMPANY SNAPSHOT
     15.12 HERSTAL GROUP (FN HERSTAL)
     15.13 HORNADY
     15.14 MAXAM (EXPAL)
           FIGURE 93 MAXAM (EXPAL): COMPANY SNAPSHOT
     15.15 NAMMO AS
           FIGURE 94 NAMMO AS: COMPANY SNAPSHOT
           FIGURE 95 NAMMO AS: SWOT ANALYSIS
     15.16 NEXTER
     15.17 NORINCO
     15.18 NORTHROP GRUMMAN CORPORATION
           FIGURE 96 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
           FIGURE 97 NORTHROP GRUMMAN: SWOT ANALYSIS
     15.19 OLIN CORPORATION
           FIGURE 98 OLIN CORPORATION: COMPANY SNAPSHOT
           FIGURE 99 OLIN CORPORATION: SWOT ANALYSIS
     15.20 POONGSAN CORPORATION
           FIGURE 100 POONGSAN CORPORATION: COMPANY SNAPSHOT
     15.21 RUAG GROUP (RUAG AMMOTEC)
           FIGURE 101 RUAG GROUP: COMPANY SNAPSHOT
     15.22 REMINGTON OUTDOOR COMPANY
           FIGURE 102 REMINGTON OUTDOOR COMPANY: COMPANY SNAPSHOT
     15.23 RHEINMETALL AG
           FIGURE 103 RHEINMETALL AG: COMPANY SNAPSHOT
     15.24 ROSOBORONEXPORT
     15.25 SIERRA BULLETS
     15.26 SIG SAUER
     15.27 ST ENGINEERING
           FIGURE 104 ST ENGINEERING: COMPANY SNAPSHOT
     15.28 THALES GROUP
           FIGURE 105 THALES GROUP: COMPANY SNAPSHOT
           FIGURE 106 THALES GROUP: SWOT ANALYSIS
     15.29 VISTA OUTDOOR INC.
           FIGURE 107 VISTA OUTDOOR INC.: COMPANY SNAPSHOT
     15.3 YUGOIMPORT-SDPR J.P.

*Details on Business Overview, Products/Services/Solutions Offered, Growth Strategies (Organic & Inorganic), Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

16 AMMUNITION ADJACENT MARKETS (Page No. - 381)
     16.1 PRECISION GUIDED MUNITIONS MARKET
             16.1.1 INTRODUCTION
             16.1.2 PRECISION GUIDED MUNITIONS, BY PRODUCT
                    TABLE 384 PRECISION GUIDED MUNITION MARKET SIZE, BY PRODUCT, 2017–2025 (USD MILLION)
             16.1.3 PRECISION GUIDED MUNITIONS, BY TECHNOLOGY
                    TABLE 385 PRECISION GUIDED MUNITION MARKET SIZE, BY TECHNOLOGY, 2017–2025 (USD MILLION)
             16.1.4 PRECISION GUIDED MUNITIONS, BY TYPE
                    TABLE 386 PRECISION GUIDED MUNITION MARKET SIZE, BY TYPE, 2017–2025 (USD MILLION)
             16.1.5 PRECISION GUIDED MUNITIONS, BY SPEED
     16.2 ROCKETS AND MISSILES MARKET
             16.2.1 INTRODUCTION
             16.2.2 ROCKETS AND MISSILES MARKET, BY TYPE
                    TABLE 387 ROCKET AND MISSILE MARKET SIZE, BY TYPE, 2015-2022 (USD BILLION)
             16.2.3 ROCKETS AND MISSILES MARKET, BY LAUNCH MODE
                    TABLE 388 ROCKET AND MISSILE MARKET SIZE, BY LAUNCH MODE, 2015-2022 (USD BILLION)
             16.2.4 ROCKETS AND MISSILES MARKET, BY PROPULSION
                    TABLE 389 ROCKET AND MISSILE MARKET SIZE, BY PROPULSION, 2015-2022 (USD BILLION)
     16.3 LESS LETHAL AMMUNITION MARKET
             16.3.1 INTRODUCTION
             16.3.2 LESS LETHAL AMMUNITION MARKET, BY END USER
                    TABLE 390 LESS LETHAL AMMUNITION MARKET, BY END USER, 2016–2023 (USD MILLION)
             16.3.3 LESS LETHAL AMMUNITION MARKET, BY PRODUCT
                    TABLE 391 LESS LETHAL AMMUNITION MARKET, BY PRODUCT, 2016–2023 (USD MILLION)
             16.3.4 LESS LETHAL AMMUNITION MARKET, BY WEAPON TYPE
                    TABLE 392 LESS LETHAL AMMUNITION MARKET, BY WEAPON TYPE, 2016–2023 (USD MILLION)

17 APPENDIX (Page No. - 387)
     17.1 DISCUSSION GUIDE
     17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.3 AVAILABLE CUSTOMIZATIONS
     17.4 RELATED REPORTS
     17.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the Ammunition Market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Small Arms Survey, SIPRI report, UN Comtrade, World Bank, Factiva, Bloomberg, BusinessWeek, SEC filings, annual reports, press releases & investor presentations of companies, certified publications, and articles by recognized authors were referred to for identifying and collecting information on the Ammunition Market.

Primary Research

The ammunition market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and component suppliers in its supply chain. The demand side of this market is characterized by various end-users such as commercial, law enforcement agencies, and armed forces of different countries. The supply side is characterized by suppliers, manufacturers, solution providers, technology developers, alliances, and organizations. The following is the breakdown of the primary respondents that were interviewed to obtain qualitative and quantitative information about the Ammunition Market.

Ammunition Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the ammunition market. These methods were also used extensively to estimate the size of various segments and subsegment of the market. The research methodology used to estimate the market size included the following:

  • Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Ammunition Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall size of the Ammunition Market using the market size estimation processes explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand as well as supply sides of the ammunition market.

Report Objectives

  • To define, describe, segment, and forecast the size of the ammunition market based on application, caliber, guidance, product, component, lethality, and region for the forecast period from 2020 to 2025
  • To forecast the size of various segments of the ammunition market with respect to 6 major regions namely, North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the ammunition market
  • To identify the opportunities for stakeholders in the market by identifying key market and technology trends
  • To analyze competitive developments such as contracts, agreements, acquisitions & partnerships, new product launches & developments, and Research & Development (R&D) activities in the ammunition market.
  • To anticipate the status of the ammunition procurements by different countries, number of their military personnel, and their defense spending; technological advancements in ammunition; and joint developments undertaken by leading players to analyze the degree of competition in the market
  • To provide a comprehensive competitive landscape of the ammunition market, along with an overview of the different strategies adopted by the key market players to strengthen their position in the market

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Market sizing and forecast for additional countries
  • By application, by caliber breakdown at country level
  • Additional five companies profiling
  • Volume analysis of medium and large-caliber ammunition

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the ammunition Market
COVID-19

Get in-depth analysis of the COVID-19 impact on the Ammunition Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Ammunition Market

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