Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Artillery Shells, Mortars), Component, Guidance Mechanism, Lethality (Lethal, Less-lethal), Region (2021-2026)
[383 Pages Report] The global Ammunition Market size to grow at a CAGR of 3.7% from 2021 to 2026. 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.
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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
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 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.
Bullets segment of the Ammunition Market is projected to witness the highest CAGR owing to increasing focus on upgrading of land and 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 bullets segment is projected to grow at the highest CAGR. In recent years, an increasing focus has been observed to upgrade land as well as 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 American market is projected to contribute the largest share from 2021 to 2026
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 manufacturers 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.
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Key Market Players
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.
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|
Report Metric |
Details |
|
Market size available for years |
2017–2026 |
|
Base year considered |
2020 |
|
Forecast period |
2021-2026 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
By Application, By Caliber, By Product, By Component, By Guidance Mechanism, By Lethality |
|
Geographies covered |
North America, Europe, Asia Pacific, Middle East, Africa, and Latin America |
|
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 mechanism, 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 Mechanism
- Non-guided
- Guided
By Lethality
- Lethal
- Less-lethal
By Region
- North America
- Asia Pacific
- Europe
- Middle East
- Latin America
- Africa
Recent Developments
- In July 2021, Lockheed Martin Missile and Fire Control, a division of Lockheed Martin Corporation, was awarded a USD 160 million modification (P00032) contract (W31P4Q-19-C-0101) to produce High Mobility Artillery Rocket Systems M142 launchers and support requirements.
- 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.
Frequently Asked Questions (FAQ):
Which are the major companies in the ammunition market? What are their major strategies to strengthen their market presence?
Some of the key players in the ammunition market are Northrop Grumman (US), General Dynamics Corporation (US), Olin Corporation (US), BAE Systems (UK), Nammo AS (Norway), RUAG (RUAG Ammotec) (Switzerland), Nexter (France), Vista Outdoor Inc. (US), and Rheinmetall AG (Germany), among others. Contracts was the key strategies adopted by these companies to strengthen their market presence.
What are the drivers and opportunities for the ammunition market?
Geopolitical tensions, territorial conflicts, and political unrest in various countries of the Middle East and Asia Pacific are the key drivers of the ammunition market. Some of the key opportunities in the ammunition market are continuous R&D requirements for the development of advanced and lightweight ammunition.
Which region is expected to grow at the highest rate in the next five years?
Asia Pacific region is expected to grow at the highest growth rate in the coming years. The growth of the market in this region can be attributed to the rising number of terrorist activities in the Asia Pacific region and the increasing spending of emerging economies of the region on defense operations. Countries such as India and China have increased their defense budgets and are procuring advanced ammunition for their armed forces.
Which caliber of ammunition is expected to witness significant growth in the coming years?
The small caliber ammunition segment is expected to witness the highest demand in the coming years. The demand is attributed to the demand for small arms ammunition from armed forces and law enforcement agencies of various countries. This demand is also fueled by the increasing use of small-caliber ammunition for commercial applications.
Which are the key technology trends prevailing in the ammunition market?
Some of the key trends include lightweight ammunition, optically initiated ammunitions, laser-initiated ammunitions, green ammunition, caseless ammunition, self-guided smart bullets, biodegradable plant growing bullet, pre-fragmented ammunitions, and cased telescoped ammunition, among others. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 49)
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 INCLUSIONS AND EXCLUSIONS
TABLE 1 INCLUSIONS AND EXCLUSIONS IN Ammunition Market
1.5 CURRENCY & PRICING
1.6 LIMITATIONS
1.7 MARKET STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 55)
2.1 RESEARCH DATA
FIGURE 1 RESEARCH FLOW
FIGURE 2 Ammunition Market: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.2 MARKET SIZE ESTIMATION
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 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 65)
FIGURE 6 DEFENSE SEGMENT PROJECTED TO LEAD Ammunition Market DURING FORECAST PERIOD
FIGURE 7 SMALL CALIBER SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 8 BULLETS SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 9 PROJECTILE AND WARHEADS SEGMENT EXPECTED TO LEAD Ammunition Market DURING FORECAST PERIOD
FIGURE 10 NON-GUIDED SEGMENT PROJECTED TO LEAD Ammunition Market DURING FORECAST PERIOD
FIGURE 11 LETHAL SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
FIGURE 12 MARKET IN ASIA PACIFIC PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 70)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN Ammunition Market
FIGURE 13 INCREASING NUMBER OF ARMED CONFLICTS AND DEMAND FOR ARMED FORCES MODERNIZATION PROGRAMS FUEL MARKET GROWTH
4.2 Ammunition Market FOR DEFENSE APPLICATION
FIGURE 14 MILITARY SEGMENT PROJECTED TO LEAD Ammunition Market DURING FORECAST PERIOD
4.3 Ammunition Market FOR CIVIL & COMMERCIAL APPLICATION
FIGURE 15 SELF-DEFENSE SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.4 SMALL CALIBER: Ammunition Market , BY TYPE
FIGURE 16 5.56MM SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2020
4.5 Ammunition Market, BY APPLICATION
FIGURE 17 DEFENSE SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 73)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: Ammunition Market
5.2.1 DRIVERS
5.2.1.1 Geopolitical tensions and territorial conflicts across globe
TABLE 2 GLOBAL TERRORISM INDEX, BY COUNTRY, 2020
5.2.1.2 Growth in military expenditure across countries
FIGURE 19 MILITARY EXPENDITURE OF TOP COUNTRIES, 2020
FIGURE 20 SHARE OF TOP 10 MAJOR ARMS EXPORTERS, 2016–2020
5.2.1.3 Change in nature of warfare
5.2.1.4 Modernization programs undertaken by military forces
FIGURE 21 SHARE OF TOP 10 MAJOR ARMS IMPORTERS, 2016–2020
5.2.1.5 Militarization of police forces
5.2.1.6 Rise in drug trafficking globally
5.2.1.7 Procurement of guns for personal safety and sports
5.2.2 RESTRAINTS
5.2.2.1 Varying regulations affecting procurement of ammunition
5.2.3 OPPORTUNITIES
5.2.3.1 Advancements in small caliber ammunition
TABLE 3 RECENT DEVELOPMENTS IN ADVANCED AMMUNITION
5.2.3.2 Stockpiling of ammunition
5.2.3.3 Reduction in weight of ammunition
5.2.3.4 Surging demand for advanced ammunition from emerging economies
5.2.4 CHALLENGES
5.2.4.1 Proliferation of illicit ammunition manufacturers
5.2.4.2 International measures to control use of ammunition
5.3 IMPACT OF COVID-19 ON Ammunition Market
FIGURE 22 IMPACT OF COVID-19 ON 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 RANGES AND SCENARIOS
FIGURE 23 IMPACT OF COVID-19 ON Ammunition Market: GLOBAL SCENARIOS
5.5 Ammunition Market ECOSYSTEM
5.5.1 PROMINENT COMPANIES
5.5.2 PRIVATE AND SMALL ENTERPRISES
5.5.3 END USERS
FIGURE 24 ECOSYSTEM MAP: Ammunition Market
TABLE 4 Ammunition Market: MARKET ECOSYSTEM
5.6 USE CASE: SMALL CALIBER AMMUNITION
5.6.1 INCREASED EFFORTS TO DEVELOP ADVANCED SMALL CALIBER AMMUNITION FOR DEFENSE APPLICATIONS
FIGURE 25 OVERVIEW OF INNOVATION IN SMALL CALIBER AMMUNITION
5.6.1.1 Development of superior 6.8mm ammunition by US armed forces to replace existing 5.56mm ammunition
5.6.1.2 300 blackout commercial-grade calibers seeing increased adoption by major armed forces
5.7 TRENDS/DISRUPTION IMPACTING CUSTOMER'S BUSINESS
5.7.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AMMUNITION MANUFACTURERS
FIGURE 26 REVENUE SHIFT IN Ammunition Market
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 5 Ammunition Market: PORTER’S FIVE FORCE ANALYSIS
FIGURE 27 PORTER’S FIVE FORCE ANALYSIS: Ammunition Market
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 DEGREE OF COMPETITION
5.9 KEY STAKEHOLDERS & BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 28 INFLUENCE OF STAKEHOLDERS IN BUYING AMMUNITION FOR TWO APPLICATIONS
TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING AMMUNITION FOR TWO APPLICATIONS (%)
5.9.2 BUYING CRITERIA
FIGURE 29 KEY BUYING CRITERIA AMMUNITION FOR TOP TWO APPLICATIONS
TABLE 7 KEY BUYING CRITERIA OF AMMUNITION FOR TOP TWO APPLICATIONS
5.10 VALUE CHAIN ANALYSIS
FIGURE 30 VALUE CHAIN ANALYSIS: Ammunition Market
5.10.1 AMMUNITION PRODUCTION PROCESS
FIGURE 31 SMALL CALIBER AMMUNITION PRODUCTION PROCESS
5.10.1.1 Packaging and marking of small caliber ammunition
5.10.1.2 Trends in packaging and marking ammunition
5.10.1.2.1 Laser engraving
5.10.1.2.2 RFID tags
5.10.1.2.3 Electronic chip strips
5.11 PRICING ANALYSIS
FIGURE 32 AVERAGE SELLING PRICE OF SMALL, MEDIUM & LARGE CALIBER AMMUNITION, BY APPLICATION
TABLE 8 AVERAGE SELLING PRICE OF SMALL CALIBER AMMUNITION, 2019 (USD)
5.11.1 AVERAGE SELLING PRICE OF MEDIUM CALIBER AMMUNITION
TABLE 9 AVERAGE SELLING PRICE OF MEDIUM CALIBER AMMUNITION, 2019 (USD)
5.12 IMPORT-EXPORT TRENDS
5.12.1 IMPORTS (SMALL ARMS, LIGHT WEAPONS, AND AMMUNITION), 2016
TABLE 10 IMPORT DATA, 2016
5.12.2 EXPORT (SMALL ARMS, LIGHT WEAPONS, AND AMMUNITION), 2016
TABLE 11 EXPORT DATA, 2016
5.13 KEY CONFERENCES & EVENTS, 2022-2023
TABLE 12 Ammunition Market: DETAILED LIST OF CONFERENCES & EVENTS
6 INDUSTRY TRENDS (Page No. - 108)
6.1 INTRODUCTION
6.2 EVOLUTION
FIGURE 33 EVOLUTION OF AMMUNITION
6.3 TECHNOLOGY TRENDS
FIGURE 34 AMMUNITION TECHNOLOGY TRENDS
6.3.1 CASELESS TELESCOPED AMMUNITION (CTA)
6.3.2 POLYMER-CASED AMMUNITION
TABLE 13 CONVENTIONAL BRASS-CASED AMMUNITION VS. EMERGENT CARTRIDGE CASE TECHNOLOGIES
6.3.3 LIGHTWEIGHT AMMUNITION
TABLE 14 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 ordnance
6.4.2.4 Inertial measurement units
6.4.3 SELF-STEERING BULLET
6.5 AMMUNITION REGULATORY BODIES, BY REGION
FIGURE 35 AMMUNITION REGULATORY BODIES, BY REGION
6.6 INNOVATIONS & PATENTS
TABLE 15 IMPORTANT INNOVATION & PATENT REGISTRATIONS, 2015-2021
7 Ammunition Market, BY APPLICATION (Page No. - 118)
7.1 INTRODUCTION
FIGURE 36 DEFENSE SEGMENT PROJECTED TO LEAD Ammunition Market FROM 2021 TO 2026
TABLE 16 Ammunition Market, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 17 Ammunition Market, BY APPLICATION, 2021–2026 (USD MILLION)
7.2 DEFENSE
TABLE 18 Ammunition Market FOR DEFENSE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 19 Ammunition Market FOR DEFENSE, BY TYPE, 2021–2026 (USD MILLION)
7.2.1 MILITARY
7.2.1.1 Rising use of small caliber ammunition by law enforcement agencies to drive demand
7.2.2 HOMELAND SECURITY
7.2.2.1 Rising use of small caliber ammunition by law enforcement agencies to drive demand
7.3 CIVIL & COMMERCIAL
TABLE 20 Ammunition Market FOR CIVIL & COMMERCIAL, BY TYPE, 2017–2020 (USD MILLION)
TABLE 21 Ammunition Market FOR CIVIL & COMMERCIAL, BY TYPE, 2021–2026 (USD MILLION)
7.3.1 SPORTING
7.3.1.1 Increasing adoption of shooting sports in North America to drive demand
7.3.2 HUNTING
7.3.2.1 Increasing demand for precision small caliber ammunition in hunting activities to drive demand
7.3.3 SELF-DEFENSE
7.3.3.1 Rising concerns over individual safety to drive demand
7.3.4 OTHERS
8 Ammunition Market, BY CALIBER (Page No. - 124)
8.1 INTRODUCTION
FIGURE 37 SMALL CALIBER SEGMENT PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
TABLE 22 Ammunition Market, BY CALIBER, 2017–2020 (USD MILLION)
TABLE 23 Ammunition Market, BY CALIBER, 2021–2026 (USD MILLION)
8.2 SMALL CALIBER AMMUNITION
TABLE 24 SMALL CALIBER Ammunition Market, BY TYPE, 2021–2026 (USD MILLION)
8.2.1 9 MM
8.2.1.1 9x19 mm Parabellum is the most preferred handgun caliber by law enforcement agencies across the globe
8.2.2 5.56 MM
8.2.2.1 5.56x45 mm is the widely used caliber in military applications
8.2.3 7.62 MM
8.2.3.1 Increase in procurement from defense forces around the world to drive demand
8.3 .338 LAPUA MAGNUM
8.3.1 .338 LAPUA MAGNUM HAS SEEN INCREASED ADOPTION BY SPECIAL FORCES FOR PRECISION APPLICATIONS
8.4 .338 NORMA MAGNUM
8.4.1 INCREASING ADOPTION OF .338 NORMA MAGNUM AMMUNITION IN US ARMED FORCES TO DRIVE DEMAND
8.4.2 12.7 MM
8.4.2.1 12.7 mm machine gun caliber expected to have continuous demand
8.4.3 14.5 MM
8.4.3.1 Increased demand in remote weapons stations of naval vessels, aircraft, and armored vehicles to drive the segment
8.4.4 OTHERS
8.5 MEDIUM CALIBER AMMUNITION
TABLE 25 MEDIUM CALIBER Ammunition Market, BY TYPE, 2021–2026 (USD MILLION)
8.5.1 20 MM
8.5.1.1 Increasing use in counter-rocket, artillery, and mortar (C-RAM) weapon systems to drive demand
8.5.2 25 MM
8.5.2.1 Increasing usage in infantry fighting vehicles to drive demand
8.5.3 30 MM
8.5.3.1 High usage on attack helicopters to drive demand
8.5.4 40 MM
8.5.4.1 Usage in mortars and grenades to drive demand
8.6 LARGE CALIBER AMMUNITION
TABLE 26 LARGE CALIBER Ammunition Market, BY TYPE, 2021–2026 (USD MILLION)
8.6.1 60 MM
8.6.1.1 Increasing use of mortars in Asia Pacific to drive demand
8.6.2 81 MM
8.6.2.1 Growing use of mortars for long-range bombardment to drive demand
8.6.3 120 MM
8.6.3.1 Adoption in main battle tanks to drive demand
8.6.4 155 MM
8.6.4.1 Usage in long-range artillery applications to drive demand
8.6.5 OTHERS
8.7 OTHERS
9 Ammunition Market, BY PRODUCT (Page No. - 133)
9.1 INTRODUCTION
FIGURE 38 ARTILLERY SHELLS SEGMENT PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
TABLE 27 Ammunition Market, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 28 Ammunition Market, BY PRODUCT, 2021–2026 (USD MILLION)
9.2 BULLETS
9.2.1 HIGH DEMAND FOR FROM ARMED FORCES DRIVE DEMAND FOR BULLETS
9.3 AERIAL BOMBS
9.3.1 INCREASING FOCUS ON UPGRADE OF AIR FORCE INVENTORY BY MAJOR ARMED FORCES TO DRIVE DEMAND
9.4 GRENADES
9.4.1 INCREASING USE OF HAND GRENADES IN TRAINING ACTIVITIES TO DRIVE DEMAND
9.5 ARTILLERY SHELLS
9.5.1 PROCUREMENT OF ADVANCED ARTILLERY SYSTEMS UNDER MILITARY MODERNIZATION PROGRAMS TO DRIVE DEMAND
9.6 MORTARS
9.6.1 HIGH DEMAND FOR LOW-COST MORTARS IN ASIA PACIFIC TO DRIVE DEMAND
10 Ammunition Market, BY COMPONENT (Page No. - 137)
10.1 INTRODUCTION
FIGURE 39 PROJECTILES AND WARHEADS SEGMENT PROJECTED TO LEAD Ammunition Market FROM 2021 TO 2026
TABLE 29 Ammunition Market, BY COMPONENT, 2017–2020 (USD MILLION)
TABLE 30 Ammunition Market, BY COMPONENT, 2021–2026 (USD MILLION)
10.2 FUZES & PRIMERS
10.2.1 PRIMERS
10.2.1.1 Rimfire primers
10.2.1.1.1 High demand for low-cost ammunition to drive demand
10.2.1.2 Centerfire primers
10.2.1.2.1 High acceptance in military ammunition to drive demand
10.2.2 FUZES
10.2.2.1 Time fuzes
10.2.2.1.1 High adoption in large caliber ammunition to drive demand
10.2.2.2 Impact fuzes
10.2.2.2.1 Growing adoption in conventional ammunition to drive demand
10.2.2.3 Proximity fuzes
10.2.2.3.1 Use in naval ammunition to drive demand
10.2.2.4 Combination fuzes
10.2.2.4.1 Increasing adoption in new range guided ammunition to drive demand
10.3 PROPELLANTS
10.3.1 HIGH DEMAND FOR GUN POWDER IN BULLETS TO DRIVE THE SEGMENT
10.4 BASES
10.4.1 HIGH DEMAND FOR COPPER BASE IN CONVENTIONAL AMMUNITION TO DRIVE THIS SEGMENT
10.5 PROJECTILES AND WARHEADS
10.5.1 INCREASING DEVELOPMENT OF NEW VARIETIES OF WARHEADS TO DRIVE THIS SEGMENT
10.6 OTHERS
11 Ammunition Market, BY GUIDANCE MECHANISM (Page No. - 142)
11.1 INTRODUCTION
FIGURE 40 NON-GUIDED SEGMENT PROJECTED TO GROW AT A HIGHER CAGR FROM 2021 TO 2026
TABLE 31 Ammunition Market, BY GUIDANCE MECHANISM, 2017–2020 (USD MILLION)
TABLE 32 Ammunition Market, BY GUIDANCE MECHANISM, 2021–2026 (USD MILLION)
11.2 GUIDED
11.2.1 TRANSITION FROM UNGUIDED AMMUNITION TO GUIDED AMMUNITION TO DRIVE DEMAND
11.3 NON-GUIDED
11.3.1 VERY HIGH USE OF CONVENTIONAL NON-GUIDED AMMUNITION BY MILITARY FORCES WORLDWIDE TO DRIVE DEMAND
12 Ammunition Market, BY LETHALITY (Page No. - 145)
12.1 INTRODUCTION
FIGURE 41 LETHAL SEGMENT PROJECTED TO LEAD Ammunition Market FROM 2021 TO 2026
TABLE 33 Ammunition Market, BY LETHALITY, 2017–2020 (USD MILLION)
TABLE 34 Ammunition Market, BY LETHALITY, 2021–2026 (USD MILLION)
12.2 LESS-LETHAL
12.2.1 USAGE DURING CIVIL DISTURBANCES & HOSTAGE RESCUE TO DRIVE DEMAND
12.3 LETHAL
12.3.1 INCREASING DEFENSE EXPENDITURES & SOCIAL UNREST TO DRIVE DEMAND
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
16 APPENDIX (Page No. - 377)
16.1 DISCUSSION GUIDE
16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.3 AVAILABLE CUSTOMIZATIONS
16.4 RELATED REPORTS
16.5 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.
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: Bottom-Up Approach
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 2021 to 2026
- 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
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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Growth opportunities and latent adjacency in Ammunition Market
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Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars),
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Hi. I found your report Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars), Component, Guidance, Lethality, Region - Global Forecast to 2025. I work for a company that provides consulting services to a factory that produces magazines. We’re interested in data regarding this market. Do you have anything ready? I’m looking forward to hearing back from you. Thanks, Caroline.
A large A/E/C firm has asked me to conduct research regarding the future prospects for the design and construction of facilities related to ammunition production, storage, etc.
Hello. I am looking for a small caliber center-fire ammunition market study with focus on military and law enforcement applications. What would be your best option? Contact by email, please. Kind regards, Arto.
I'm trying to determine the size of the global small ammunition market. Specifically, I'd like to know the breakdown by government (national defense), commercial, and law enforcement by region (country or otherwise), and focused on small caliber (.223, .308, 5.56, 7.62, 50cal, 338 Norma, etc...). If you feel your report can answer those questions, please contact me. Thanks.