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
The ammunition market is projected to grow from USD 25.9 billion in 2019 to USD 32.3 billion by 2025, at a CAGR of 3.73% from 2019 to 2025.
Ammunition Market: Selected Key Market Dynamics
Geopolitical tensions, territorial conflicts, and political unrest in various countries of the Middle East and Asia Pacific regions
Growing instances of armed conflicts between different countries across the globe, owing to rising political instabilities, economic inequalities, and geopolitical tensions are leading to the growth of the ammunition market. Territorial conflicts, wherein two or more countries fight over a limited territory, are also responsible for ceasefire violations, wars, and terrorism across borders. Some of the infamous territorial conflicts include disputes between China and Japan over the East China Sea; India and Pakistan over Kashmir; and Israel and Palestine over the Gaza Strip, among others.
Lethal ammunition are used specifically during medium-to-high intensity terrorist attacks or insurgencies, while less-lethal ammunition are used mainly for the crowd dispersion, civil protest suppression, and training defense personnel. Alleged conflicts between Russia and Ukraine, internal civil war in Syria, ceasefire violations between India and Pakistan, and tension in the South China Sea are some of the major conflicts that have escalated the requirement for procuring large caliber ammunition, globally in the recent years.
With the escalation of regional tensions in the Middle East and Asia Pacific regions, the demand for ammunition is expected to grow considerably in these regions in the near future. According to the data published by the Stockholm International Peace Research Institute (SIPRI) on global arms purchases in 2017, Saudi Arabia was the largest importer of arms in the world in 2017, accounting for a share of 13.4% of the total arms imports in the same year. India was the second-largest arms importer in the world in 2017, accounting for a share of 10.9% of the total arms imports in the same year. The requirement to increase the military influence to tackle growing territorial disputes with neighboring countries such as Pakistan and China have led India to import of ammunition at a large scale.
Formulation and stringent implementation of gun control legislation
High-income economies such as the US, France, and the UK face enormous firearm problems due to high rates of homicides and firearm-related suicides. Though there is no direct cause-and-effect relationship between guns per person and firearm homicides rate but the US, which owned approximately 121 firearms per 100 persons in 2017, has the highest firearm-related homicides rate among all developed nations.
Gun control laws of Japan involve formal instructions and the passing of written, mental, and drug tests, along with rigorous background checks for the possession of guns. Guns that are used in research and industrial applications or sports competitions are permitted for public use in Japan. According to gun laws of Norway, an applicant should be at least 18 years of age with a valid reason for gun ownership and issuance of the gun license. Implementation of these strict firearm regulations is responsible for low gun homicide rates in Norway. Stringent gun control laws adopted by several countries limit the growth of the ammunition market as the number of guns owned by civilians reduces.
In the US, the rising concerns over mass killings by gunmen in the civilian society in the recent years have led to the increased demand for limiting the availability of military-style weapons and implementation of strict gun laws in the country as done in other countries such as Japan and Australia to lower the rates of homicides and firearm-related suicides.
Continuous R&D activities to develop advanced ammunition
Warfare techniques of defense forces across the globe have undergone considerable advancements, owing to challenges posed by guerilla warfare, counter-insurgency operations, and counter-terrorism missions. The military and homeland security forces of various countries are attempting to find innovative ways to neutralize enemies or criminals through the use of advanced equipment and ammunition. There has been an upsurge in demand for small ammunition such as modernized armor-piercing bullets of 7.62mm and 5.56mm, and the carbine versions of existing assault weapons, which are designed to shorten assault rifles without causing any significant impact on their effectiveness.
Continuous R&D activities are being carried out by major ammunition market players to develop ammunition that have enhanced precision, mobility, and lethality, thereby leading them to expand and diversify their product portfolios.
Ammunition Market for defense application is projected to lead the market from 2019 to 2025.
Based on application, the ammunition market has been segmented into defense and civil & commercial. The civil & commercial segment is projected to grow at a higher CAGR as compared to the defense segment from 2019 to 2025. Increasing demand for ammunition used in sports and hunting activities from the North American and European regions is fueling the growth of this segment of the ammunition market.
Ammunition Market in small segment is projected to grow at the highest CAGR from 2019 to 2025.
Based on caliber, the market has been segmented into small, medium, large, and others. The small segment is projected to grow at the highest CAGR during the forecast period. Increasing demand for small arms from armed forces and law enforcement agencies of various countries is fueling the growth of this segment of the ammunition market.
The Asia Pacific ammunition market is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific ammunition market is projected to grow at the highest CAGR from 2019 to 2025. The growth of the ammunition market in this region can be attributed to the rising number of terrorist activities in the Asia Pacific region and 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. This, in turn, is leading to the growth of the Asia Pacific ammunition market during the forecast period.
Key Market Players
Key players operating in the ammunition market Northrop Grumman (Orbital ATK Inc.) (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.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20172025 |
|
Base year considered |
2018 |
|
Forecast period |
20192025 |
|
Forecast units |
Value (USD Million/Billion) |
|
Segments covered |
Application, Caliber, Product, Component, Guidance, Lethality, and Region |
|
Geographies covered |
North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW) |
|
Companies covered |
Northrop Grumman (Orbital ATK Inc.) (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 |
Ammunition Market Segmentation
This research report categorizes the ammunition market into the following segments and subsegments:
Ammunition Market, by Application
- Defense
- Military
- Homeland Security
- Sporting
- Hunting
- Self-defense
- Others
Ammunition Market, by Caliber
- Small
- 5.56mm
- 7.62mm
- 12.7mm
- 14.5mm
- Medium
- 20mm
- 25mm
- 30mm
- 40mm
- Large
- 60mm
- 81mm
- 120mm
- 122mm
- 155mm
- Others
- Others
Ammunition Market, by Product
- Bullets
- Aerial Bombs
- Grenades
- Artillery Shells
- Mortars
- Others
Ammunition Market, by Component
- Fuze & Primer
- Propellant
- Base
- Projectile and Warhead
- Others
Ammunition Market, by Guidance
- Guided
- Non-guided
Ammunition Market, by Lethality
- Lethal
- Less-lethal
Ammunition Market, by Region
- North America
- Europe
- Asia Pacific
- Middle East
- Rest of the World (RoW)
Recent Developments
- In January 2019, Olin Corporation received a contract from the US Department of Defense to supply small caliber ammunition. Under this contract, the company is expected to supply 5.56mm, 7.62mm, and .50 caliber ammunition.
- In January 2019, BAE Systems received a contract worth USD 18 million to supply 155mm smoke and illuminating artillery rounds to the UK Ministry of Defence.
- In January 2019, Federal Ammunition, a brand of Vista Outdoor Inc., received a contract worth USD 41 million from the US Naval Surface Warfare Center to supply MK 318 Mod 0 carbine small rifle cartridges.
Key Questions
- What are the drivers, restraints, challenges, and opportunities that affect the dynamics of the ammunition market, and what is the subsequent market analysis of the associated trends?
- What are the key sustainability strategies adopted by leading players operating in the ammunition market?
- What are the upcoming disrupters in the ammunition market that can be potential targets for partnerships/mergers?
- Who are the top players operating in the ammunition market?
- Which geographies can be the potential revenue-generating pockets for the ammunition market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 21)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Market Stakeholders
2 Research Methodology (Page No. - 25)
2.1 Research Data
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
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Market Definition & Scope
2.2.2 Exclusions
2.3 Research Approach & Methodology
2.3.1 Bottom-Up Approach
2.3.1.1 Military Ammunition
2.3.1.2 Market for Homeland Security
2.3.1.3 Market for Civil & Commercial
2.3.1.4 Market Size, By Segment
2.3.2 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions
3 Executive Summary (Page No. - 35)
4 Premium Insights (Page No. - 38)
4.1 Attractive Growth Opportunities in Ammunition
4.2 Ammunition, By Lethality
4.3 Market, By Guidance
4.4 Market, By Product
4.5 Market, By Application
5 Ammunition Market Overview (Page No. - 41)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Geopolitical Tensions, Territorial Conflicts, and Political Unrest in Various Countries of the Middle East and Asia Pacific Regions
5.2.1.2 Upsurge in Terrorist Attacks in OECD Countries
5.2.1.3 Military Modernization Programs Being Carried Out in Major Countries Across the Globe
5.2.1.4 Increased Use of Guns for Personal Safety and Shooting Sports
5.2.2 Restraints
5.2.2.1 Formulation and Stringent Implementation of Gun Control Legislation
5.2.2.2 Differences in Economic, Legal, and Political Regulations Affect the Procurement of Ammunition
5.2.3 Opportunities
5.2.3.1 Continuous R&D Activities to Develop Advanced Ammunition
5.2.3.2 Increased Demand for Advanced Medium and Large Caliber Ammunition From Emerging Economies
5.2.3.3 Stockpiling of Ammunition
5.2.3.4 Development of Lightweight Ammunition
5.2.4 Challenges
5.2.4.1 Proliferation of Illicitly Manufactured Ammunition Leading to Restrictions From Various International Organizations
6 Industry Trends (Page No. - 48)
6.1 Introduction
6.3 Technology Trends
6.3.1 Lightweight Ammunition
6.3.2 Precision-Guided Munition (PGM)
6.3.3 Multipurpose Munition
6.3.4 Optically Initiated Ammunition
6.4 Advancements in Ammunition Technologies
6.4.1 Cartridge-Based Ammunition
6.4.1.1 Laser-Initiated Ammunition
6.4.1.2 One-Way Luminescence Projectiles
6.4.1.3 Pre-Fragmented Ammunition
6.4.1.4 General-Purpose Caliber Ammunition
6.4.1.5 Green Ammunition
6.4.1.6 Cased Telescoped Ammunition
6.4.1.7 Polymer Cased Cartridges
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 Micro Inertial Navigation Technology
6.4.2.2 Extreme Accuracy Tasked Ordinance
6.4.2.3 Precision Inertial Navigation Systems
6.4.2.4 Inertial Measurement Units
6.5 Ammunition Regulatory Bodies, By Region
6.6 Innovations & Patent Registrations
7 Ammunition, By Application (Page No. - 56)
7.1 Introduction
7.2 Defense
7.2.1 Military
7.2.1.1 Increasing Spending on Modernization of Armed Forces, Especially in the Asia Pacific Region
7.2.2 Homeland Security
7.2.2.1 Rising Use of Small and Medium Caliber Ammunition By Law Enforcement Agencies
7.3 Civil & Commercial
7.3.1 Sporting
7.3.1.1 Increasing Adoption of Shooting Sports in North America and Europe
7.3.2 Hunting
7.3.2.1 Increasing Demand for Small Caliber Ammunition in Hunting Activities
7.3.3 Self-Defense
7.3.3.1 Rising Concerns Over Individual Safety Leading to the Increased Adoption of Personal Weapons
7.3.4 Others
8 Ammunition, By Caliber (Page No. - 61)
8.1 Introduction
8.2 Small Caliber Ammunition
8.2.1 5.56mm
8.2.1.1 High Demand From Homeland Security and Commercial Applications
8.2.2 7.62mm
8.2.2.1 Increase in Procurement From Defense Forces Around the World
8.2.3 12.7mm
8.2.3.1 Increasing Adoption of 12.7mm Ammunition for Remote Weapon Stations
8.2.4 14.5mm
8.2.4.1 Procurement of 14.5mm Sniper Rifle Across the Globe
8.3 Medium Caliber Ammunition
8.3.1 20mm
8.3.1.1 Increasing Use of 20mm Ammunition on Fighter Jets
8.3.2 25mm
8.3.2.1 Increasing Usage of 25mm Ammunition on Infantry Fighting Vehicles
8.3.3 30mm
8.3.3.1 High Usage of 30mm Ammunition By Attack Helicopters
8.3.4 40mm
8.3.4.1 Demand of 40mm Mortars and Grenades Ammunition
8.4 Large Caliber Ammunition
8.4.1 60mm
8.4.1.1 Increasing Use of 60mm Mortars in Asia Pacific Countries
8.4.2 81mm
8.4.2.1 Growing Use of 81mm Mortars for Long Range Bombardment
8.4.3 120mm
8.4.3.1 Adoption of Various Types of 120mm Ammunition on Main Battle Tanks
8.4.4 155mm
8.4.4.1 High Demand of 155mm Ammunition for Long Range Artillery Application
8.4.5 Others
8.5 Others
9 Ammunition, By Product (Page No. - 68)
9.1 Introduction
9.2 Bullets
9.2.1 Very High Demand of Bullets By Infantry Soldiers, Homeland Security Personnel and Civilians
9.3 Aerial Bombs
9.3.1 Increasing Use of Aerial Bombs in Anti-Terrorist Operations
9.4 Grenades
9.4.1 Demand of Grenades for Automatic Grenade Launchers
9.5 Artillery Shells
9.5.1 Growing Use of Artillery Shells During Conflicts for Long Range Targeting
9.6 Mortars
9.6.1 High Demand of Low Cost Mortars in Asia Pacific Countries
9.7 Others
10 Ammunition, By Component (Page No. - 72)
10.1 Introduction
10.2 Fuzes & Primers
10.2.1 Primers
10.2.1.1 Rimfire Primers
10.2.1.1.1 High Demand of 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 Fuze in Large Caliber Ammunition
10.2.2.2 Impact Fuzes
10.2.2.2.1 Growing Demand of 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, By Guidance (Page No. - 77)
11.1 Introduction
11.2 Guided
11.2.1 Increasing Demand of Precision 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, By Lethality (Page No. - 80)
12.1 Introduction
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. - 83)
13.1 Introduction
13.2 North America
13.2.1 US
13.2.1.1 The US is One of the Lucrative Markets for Ammunition Across the Globe
13.2.2 Canada
13.2.2.1 Military Modernization Programs Fueling the Growth of the Canada Market
13.3 Europe
13.3.1 UK
13.3.1.1 Procurement of New Generation Guided Ammunition for Defense Forces is Driving the Growth of the UK Market
13.3.2 France
13.3.2.1 Increased Procurement of Ammunition By Law Enforcement Agencies in France
13.3.3 Russia
13.3.3.1 Increased Ammunition Procurement Due to Cross-Border Conflicts Leading to the Growth of the Russia Market
13.3.4 Germany
13.3.4.1 Upgradation of Land Warfare Platforms in Germany is Fueling the Growth of the Market in the Country
13.3.5 Italy
13.3.5.1 Increasing Demand for Ammunition By Homeland Security Agencies of Italy
13.3.6 Spain
13.3.6.1 Rising Demand for Ammunition From Law Enforcement Agencies of Spain
13.3.7 Rest of Europe
13.4 Asia Pacific
13.4.1 China
13.4.1.1 Rise in Ammunition Procurement in China Due to Geopolitical Tensions With Neighboring Countries
13.4.2 India
13.4.2.1 Increased Spending on Modernization of Armed Forces is Fueling the Growth of the Market in India
13.4.3 Japan
13.4.3.1 Development of High-End Indigenous Ammunition Technology is Driving the Growth of the Ammunition in Japan
13.4.4 South Korea
13.4.4.1 Increasing Demand for Ammunition for Use in Advanced Mbts and Ifvs in South Korea
13.4.5 Australia
13.4.5.1 Rising Demand for Advanced Ammunition From Australia Due to Increased Adoption of Advanced Weapons Systems By Defense Forces of the Country
13.4.6 Singapore
13.4.6.1 Rising Demand for Ammunition From Law Enforcement Agencies of Singapore
13.4.7 Rest of Asia Pacific
13.5 Middle East
13.5.1 Saudi Arabia
13.5.1.1 Increased Procurement of Ammunition in Saudi Arabia, Owing to Terrorist Activities and Geographical Disturbances
13.5.2 Israel
13.5.2.1 High Adoption of Advanced Weapon Systems in Israel in the Past Few Years Leading to the Growth of the Market in the Country
13.5.3 Turkey
13.5.3.1 Increased Defense Budgets of Turkey for Strengthening Its Armed Forces to Lead to the Growth of the Ammunition in the Country
13.5.4 Rest of Middle East
13.6 Rest of the World
13.6.1 Latin America
13.6.1.1 Increased Procurement of Ammunition By Countries Such as Brazil, Mexico, and Argentina is Leading to the Growth of the Market in Latin America
13.6.2 Africa
13.6.2.1 Ongoing Military Modernization Programs in the Region are Leading to the Growth of the Ammunition Market in Africa
14 Competitive Landscape (Page No. - 126)
14.1 Introduction
14.2 Competitive Leadership Mapping
14.2.1 Visionary Leaders
14.2.2 Innovators
14.2.3 Dynamic Differentiators
14.2.4 Emerging Companies
14.3 Major Player, 2019
14.4 Competitive Situations and Trends
14.4.1 Contracts
14.4.2 New Product Launches & Developments
14.4.3 Acquisitions & Partnerships
15 Company Profiles (Page No. - 134)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
15.1 Introduction
15.2 Northrop Grumman (Orbital ATK Inc.)
15.3 Olin Corporation
15.4 General Dynamics Corporation
15.5 Nammo as
15.6 BAE Systems
15.7 RUAG (RUAG Ammotec)
15.8 Denel SOC Ltd.
15.9 Poongsan Corporation
15.10 Vista Outdoor Inc.
15.11 Rosoboronexport
15.12 Rheinmetall AG
15.13 Nexter
15.14 ST Engineering
15.15 Thales
15.16 Hanwha Corporation
15.17 Maxam (EXPAL)
15.18 Yugoimport-Sdpr J.P.
15.19 CBC Global Ammunition
15.20 FN Herstal
15.21 Chemring Group PLC
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
16 Appendix (Page No. - 198)
16.1 Discussion Guide
16.2 Knowledge Store: Marketsandmarkets Subscription Portal
16.3 Available Customizations
16.4 Related Reports
16.5 Author Details
List of Tables (97 Tables)
Table 1 Recent Developments in Advanced Ammunition
Table 2 Weight Distribution: 7.62 X 51mm Cartridge
Table 3 Important Innovations & Patent Registrations, 20122018
Table 4 Ammunition Size, By Application, 20172025 (USD Billion)
Table 5 Market for Defense, By Type, 20172025 (USD Billion)
Table 6 Market for Civil & Commercial, By Type, 20172025 (USD Million)
Table 7 Market Size, By Caliber, 20172025 (USD Billion)
Table 8 Small Caliber Market Size, By Type, 20172025 (USD Billion)
Table 9 Medium Caliber Market Size, By Type, 20172025 (USD Billion)
Table 10 Large Caliber Market Size, By Type, 20172025 (USD Million)
Table 11 Ammunition Size, By Product, 20172025 (USD Billion)
Table 12 Market Size, By Component, 20172025 (USD Billion)
Table 13 Market Size, By Guidance, 20172025 (USD Billion)
Table 14 Market Size, By Lethality, 20172025 (USD Billion)
Table 15 Market Size, By Region, 20172025 (USD Billion)
Table 16 North America Ammunition Size, By Application, 20172025 (USD Billion)
Table 17 North America Market Size, By Caliber, 20172025 (USD Million)
Table 18 North America Market Size, By Product, 20172025 (USD Million)
Table 19 North America Market Size, By Component, 20172025 (USD Million)
Table 20 North America Market Size, By Guidance, 20172025 (USD Million)
Table 21 North America Market Size, By Lethality, 20172025 (USD Million)
Table 22 North America Market Size, By Country, 20172025 (USD Million)
Table 23 US Market Size, By Application, 20172025 (USD Billion)
Table 24 US Market Size, By Caliber, 20172025 (USD Million)
Table 25 Canada Market Size, By Application, 20172025 (USD Million)
Table 26 Canada Market Size, By Caliber, 20172025 (USD Million)
Table 27 Europe Market Size, By Application, 20172025 (USD Million)
Table 28 Europe Market Size, By Caliber, 20172025 (USD Million)
Table 29 Europe Market Size, By Product, 20172025 (USD Million)
Table 30 Europe Market Size, By Component, 20172025 (USD Million)
Table 31 Europe Ammunition Size, By Guidance, 20172025 (USD Million)
Table 32 Europe Market Size, By Lethality, 20172025 (USD Million)
Table 33 Europe Ammunition Size, By Country, 20172025 (USD Million)
Table 34 UK Market Size, By Application, 20172025 (USD Million)
Table 35 UK Ammunition Size, By Caliber, 20172025 (USD Million)
Table 36 France Market Size, By Application, 20172025 (USD Million)
Table 37 France Ammunition Size, By Caliber, 20172025 (USD Million)
Table 38 Russia Market Size, By Application, 20172025 (USD Million)
Table 39 Russia Ammunition Size, By Caliber, 20172025 (USD Million)
Table 40 Germany Market Size, By Application, 20172025 (USD Million)
Table 41 Germany Ammunition Size, By Caliber, 20172025 (USD Million)
Table 42 Italy Market Size, By Application, 20172025 (USD Million)
Table 43 Italy Ammunition Size, By Caliber, 20172025 (USD Million)
Table 44 Spain Ammunition Size, By Application, 20172025 (USD Million)
Table 45 Spain Market Size, By Caliber, 20172025 (USD Million)
Table 46 Rest of Europe Ammunition Size, By Application, 20172025 (USD Million)
Table 47 Rest of Europe Market Size, By Caliber, 20172025 (USD Million)
Table 48 Asia Pacific Ammunition Size, By Application, 20172025 (USD Billion)
Table 49 Asia Pacific Market Size, By Caliber, 20172025 (USD Billion)
Table 50 Asia Pacific Ammunition Size, By Product, 20172025 (USD Million)
Table 51 Asia Pacific Market Size, By Component, 20172025 (USD Million)
Table 52 Asia Pacific Ammunition Size, By Guidance, 20172025 (USD Million)
Table 53 Asia Pacific Market Size, By Lethality, 20172025 (USD Million)
Table 54 Asia Pacific Ammunition Size, By Country, 20172025 (USD Million)
Table 55 China Market Size, By Application, 20172025 (USD Million)
Table 56 China Ammunition Size, By Caliber, 20172025 (USD Million)
Table 57 India Market Size, By Application, 20172025 (USD Million)
Table 58 India Ammunition Size, By Caliber, 20172025 (USD Million)
Table 59 Japan Ammunition Size, By Application, 20172025 (USD Million)
Table 60 Japan Market Size, By Caliber, 20172025 (USD Million)
Table 61 South Korea Ammunition Size, By Application, 20172025 (USD Million)
Table 62 South Korea Market Size, By Caliber, 20172025 (USD Million)
Table 63 Australia Ammunition Size, By Application, 20172025 (USD Million)
Table 64 Australia Market Size, By Caliber, 20172025 (USD Million)
Table 65 Singapore Ammunition Size, By Application, 20172025 (USD Million)
Table 66 Singapore Market Size, By Caliber, 20172025 (USD Million)
Table 67 Rest of Asia Pacific Ammunition Size, By Application, 20172025 (USD Million)
Table 68 Rest of Asia Pacific Market Size, By Caliber, 20172025 (USD Million)
Table 69 Middle East Ammunition Size, By Application, 20172025 (USD Million)
Table 70 Middle East Market Size, By Caliber, 20172025 (USD Million)
Table 71 Middle East Ammunition Size, By Product, 20172025 (USD Million)
Table 72 Middle East Market Size, By Component, 20172025 (USD Million)
Table 73 Middle East Ammunition Size, By Guidance, 20172025 (USD Million)
Table 74 Middle East Market Size, By Lethality, 20172025 (USD Million)
Table 75 Middle East Ammunition Size, By Country, 20172025 (USD Million)
Table 76 Saudi Arabia Market Size, By Application, 20172025 (USD Million)
Table 77 Saudi Arabia Ammunition Size, By Caliber, 20172025 (USD Million)
Table 78 Israel Ammunition Size, By Application, 20172025 (USD Million)
Table 79 Israel Market Size, By Caliber, 20172025 (USD Million)
Table 80 Turkey Ammunition Size, By Application, 20172025 (USD Million)
Table 81 Turkey Market Size, By Caliber, 20172025 (USD Million)
Table 82 Rest of Middle East Ammunition Size, By Application, 20172025 (USD Million)
Table 83 Rest of Middle East Market Size, By Caliber, 20172025 (USD Million)
Table 84 Rest of the World Market Size, By Application, 20172025 (USD Million)
Table 85 Rest of the World Market Size, By Caliber, 20172025 (USD Million)
Table 86 Rest of the World Size, By Product, 20172025 (USD Million)
Table 87 Rest of the World Size, By Component, 20172025 (USD Million)
Table 88 Rest of the World Size, By Guidance, 20172025 (USD Million)
Table 89 Rest of the World Size, By Lethality, 20172025 (USD Million)
Table 90 Rest of the World Size, By Region, 20172025 (USD Million)
Table 91 Latin America Size, By Application, 20172025 (USD Million)
Table 92 Latin America Size, By Caliber, 20172025 (USD Million)
Table 93 Africa Size, By Application, 20172025 (USD Million)
Table 94 Africa Size, By Caliber, 20172025 (USD Million)
Table 95 Contracts, January 2016February 2019
Table 96 New Product Launches & Developments, January 2016February 2019
Table 97 Acquisitions & Partnerships, January 2016February 2019
List of Figures (57 Figures)
Figure 1 Research Flow
Figure 2 Ammunition: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions for the Research Study
Figure 8 Defense Segment is Projected to Lead Market From 2019 to 2025
Figure 9 Small Segment is Projected to Market From 2019 to 2025
Figure 10 Bullets Segment of Ammunition is Projected to Grow at the Highest CAGR From 2019 to 2025
Figure 11 Asia Pacific Market is Projected to Grow at the Highest CAGR From 2019 to 2025
Figure 12 Increasing Number of Armed Conflicts Across the Globe is Driving the Growth of Market
Figure 13 Lethal Segment is Projected to Lead Market From 2019 to 2025
Figure 14 Non-Guided Segment is Projected to Lead Ammunition From 2019 to 2025
Figure 15 Bullets Segment is Estimated to Account for the Largest Share of Ammunition in 2019
Figure 16 Defense Segment is Expected to Lead Market From 2019 to 2025
Figure 17 Drivers, Restraints, Opportunities, and Challenges: Ammunition
Figure 18 Country-Wise Share in Global Weapon Imports in 2017
Figure 19 Growth in Military Expenditure, By Country, 20082017
Figure 20 Firearm Homicides Rate, By Country, 2016
Figure 21 Evolution of Ammunition
Figure 22 Defense Segment is Projected to Lead Ammunition From 2019 to 2025
Figure 23 Small Segment of Market is Projected to Grow at the Highest CAGR From 2019 to 2025
Figure 24 Bullets Segment of Market is Projected to Grow at the Highest CAGR From 2019 to 2025
Figure 25 Projectile and Warhead Segment is Projected to Lead Ammunition From 2019 to 2025
Figure 26 Guided Segment of Market is Projected to Grow at A Higher CAGR Than Non-Guided Segment From 2019 to 2025
Figure 27 Lethal Segment is Projected to Lead Market is From 2019 to 2025
Figure 28 Asia Pacific Market is Projected to Grow at the Highest CAGR From 2019 to 2025
Figure 29 North America Ammunition Snapshot
Figure 30 Europe Market Snapshot
Figure 31 Asia Pacific Ammunition Snapshot
Figure 32 Middle East Market Snapshot
Figure 33 Rest of the World Market Snapshot
Figure 34 Companies Adopted Contracts as the Key Growth Strategy in Market From January 2016 to February 2019
Figure 35 Ammunition Competitive Leadership Mapping, 2019
Figure 36 Major Players in Ammunition in 2019
Figure 37 Northrop Grumman: Company Snapshot
Figure 38 Northrop Grumman: SWOT Analysis
Figure 39 Olin Corporation: Company Snapshot
Figure 40 Olin Corporation: SWOT Analysis
Figure 41 General Dynamics Corporation: Company Snapshot
Figure 42 General Dynamics Corporation: SWOT Analysis
Figure 43 Nammo AS: Company Snapshot
Figure 44 Nammo AS: SWOT Analysis
Figure 45 BAE Systems: Company Snapshot
Figure 46 BAE Systems: SWOT Analysis
Figure 47 RUAG : Company Snapshot
Figure 48 Denel SOC Ltd.: Company Snapshot
Figure 49 Poongsan Corporation: Company Snapshot
Figure 50 Vista Outdoor Inc.: Company Snapshot
Figure 51 Rheinmetall AG: Company Snapshot
Figure 52 ST Engineering: Company Snapshot
Figure 53 Thales: Company Snapshot
Figure 54 Thales: SWOT Analysis
Figure 55 Hanwha Corporation: Company Snapshot
Figure 56 Maxam (EXPAL): Company Snapshot
Figure 57 Chemring Group PLC: Company Snapshot
This research study on the ammunition market involved extensive use of secondary sources, directories, and databases such as D&B Hoovers, the Global Firepower, the Small Arms Survey, Bloomberg Businessweek, the US Department of Defense (DOD), and Factiva to identify and collect information relevant to the ammunition market. Primary sources included industry experts from the core and related industries as well as preferred suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all the segments of the value chain of this industry. All primary sources were interviewed to obtain and verify critical qualitative and quantitative information as well as to assess the growth prospects of the market during the forecast period from 2019 to 2025.
Secondary Research:
The share of companies in the ammunition market was determined using secondary data made available through paid and unpaid sources and by analyzing the product portfolios of major companies operating in the ammunition market. These companies were rated based on the performance and quality of their products. These data points were further validated by primary sources.
Secondary sources that were referred to for this research study on the ammunition market included financial statements of companies offering ammunition and information from various trade, business, and professional associations, among others. Secondary data was collected and analyzed to arrive at the overall size of the ammunition market that was further validated by primary respondents.
Primary Research:
Extensive primary research was carried out after acquiring knowledge about the current scenario of the ammunition market through secondary research. Several primary interviews were conducted with the market experts from both, demand and supply sides across 5 major regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East, and Rest of the World (RoW). This primary data was collected through questionnaires, emails, and telephonic interviews.
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Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the ammunition market.
The research methodology that was used to estimate the size of the ammunition market included the following details:
- Key players in the ammunition market were identified through secondary research, and their market share was determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and were verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the ammunition market.
Data Triangulation
After arriving at the overall size of the ammunition market through the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were implemented, wherever applicable to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from both, demand and supply sides. Along with this, the market size was validated using both, top-down and bottom-up approaches.
Report Objectives
- To define, describe, and forecast the size of the ammunition market based on application, caliber, product, component, guidance, lethality, and region
- To forecast the market size of various segments with respect to 5 major regions, namely, North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW), along with respective key countries
- 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 & 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
Available Customizations:
Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Country-level analysis
- Market sizing and forecast for additional countries
- Additional company profiles (up to 5)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Ammunition Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
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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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.