Ammunition Market

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

Report Code: AS 2541 Apr, 2019, by marketsandmarkets.com
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The ammunition market was valued at USD 25.9 billion in 2019 and is projected to reach USD 32.3 billion by 2025, at a CAGR of 3.73% from 2019 to 2029. The objectives of this study are to analyze the market along with the statistics from 2019 to 2025 as well as to define, describe, and forecast the market based on application, caliber, product, components, guidance, and lethality. and region. The base year considered for the ammunition market study is 2018, and the forecast period for this study is from 2019 to 2025.

Market Overview : Ammunition Market

Ammunition Market

Ammunition Market Based on application, the defense segment is projected to lead in during the forecast period

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 market.

Ammunition Market Based on caliber, the small segment of the market 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 market.

Ammunition market in the Asia Pacific is expected to witness the highest growth during the forecast period

Ammunition Market

The Asia Pacific ammunition market is projected to grow at the highest CAGR from 2019 to 2025. The growth of the 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.

Driver: Military modernization programs being carried out in major countries across the globe

Rising incidences of armed intrastate and interstate conflicts across the globe have led to the procurement of advanced ammunition and equipment by different countries to enhance their military strength. This concept of modernization of military forces is prevalent across most of the economies of the world, including Russia, China, Turkey, India, South Korea, and Saudi Arabia, among others. As a result, the defense expenditure for ammunition procurements and R&D activities has increased significantly across the globe over the past few years. Countries are spending significantly on military modernization programs to enhance and upgrade their surveillance and combat capabilities and improve their firepower assets, in terms of range, precision, mobility, and lethality, with range and precision being the main criteria for the ammunition procurements.

Restraint: Difference in economic, legal, and political regulations affect the procurement of ammunition

Economic, legal, and political frameworks differ from country to country across the globe. As a result, regulations regarding arms, ammunition, and other warfare equipment also vary from country to country. This is one of the major factors affecting most of the players such as General Dynamics Corporation, Rheinmetall AG, and BAE Systems operating in the ammunition market. These players are expected to comply with the laws and regulations of their home countries as well as foreign governments and any failure to comply with them, affects their sales, revenues, and profit margins, along with administrative and criminal liabilities. These regulations also impact the contract and procurement processes of all countries.

Opportunity: 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.

Challenge: Proliferation of illicitly manufactured ammunition leading to restriction from various international organizations

Proliferation of illicitly manufactured ammunition is a major issue that threatens the security of various countries across the globe. It involves manufacturing or assembling of ammunition, explosives, and other related materials from components that are either illicitly trafficked or do not have marking from government authorities. Thus, this illicitly manufactured ammunition is transferred and smuggled across the international borders. Weak inventory surveillance and reporting mechanism are responsible for the smuggling of ammunition across borders. For instance, in the India-Pakistan sub-region, there are certain establishments that manufacture illicit ammunition, which are then transferred across the borders to neighboring countries, thereby resulting in increased incidences of terrorism and gun violence.

Regional market shares and CAGRs of the Ammunition market

Ammunition Market

Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2018

Forecast period

2019–2025

Forecast units

Value (USD Million/Billion)

Segments covered for Ammunition Market

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

By Application

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

By Caliber

  • Small
    • 5.56mm
    • 7.62mm
    • 12.7mm
    • 14.5mm
  • Medium
    • 20mm
    • 25mm
    • 30mm
    • 40mm
  • Large
    • 60mm
    • 81mm
    • 120mm
    • 122mm
    • 155mm
    • Others
  • Others

By Product

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

By Component

  • Fuze & Primer
  • Propellant
  • Base
  • Projectile and Warhead
  • Others

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)

Key Market Players

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)

Recent Developments:

  • In February 2019, Federal Premium Ammunition, a brand of Vista Outdoor Inc., developed a new Federal Premium 10mm auto HST load by combining the ultimate self-defense bullets and cartridges. The new bullet design provides large and consistent expansion, optimum penetration, and superior terminal performance.
  • In February 2019, CCI Ammunition, a brand of Vista Outdoor Inc., developed new Clean-22— ultra-clean rounds for rimfire shooting. Clean-22 reduces the lead build-up in suppressors from 60% to 80%, thus leaving less residues.
  • In January 2019, Olin Corporation received a contract worth USD 7.0 million from the US Department of Defense to supply 5.56mm, 7.62mm, and .50 caliber ammunition.
  • In January 2019, BAE Systems received a contract worth USD 18.2 million to supply 155mm smoke and illuminating artillery rounds to the UK Ministry of Defence. Under this contract, the shell bodies are expected to be manufactured in the UK facility of BAE Systems while smoke and illuminating payloads are expected to be assembled at Glascoed facility of the company.
  • In January 2019, Federal Premium Ammunition, a brand of Vista Outdoor Inc., received a 5-year Indefinite Delivery Indefinite Quantity contract worth USD 41.0 million from the US Naval Surface Warfare Center to supply MK 318 Mod 0 carbine small rifle cartridges.
  • In December 2018, BAE Systems received a contract worth USD 376.0 million from the US Army to carry out the Engineering, Manufacturing, and Development (EMD) phase of its Mobile Protected Firepower (MPF) program. This contract involved the development of a prototype vehicle, M35 105mm cannon, and an auto-loading ammunition system that can fire 12 rounds per minute.
  • In November 2018, Rheinmetall AG received a contract worth USD 25.0 million from Germany-based Bundeswehr to supply 13,000 rounds of 120mm x 570 DM88 tank ammunition.
  • In October 2018, Rheinmetall AG received a contract worth USD 59.0 million from the US Marine Corps to supply MK281 MOD3 40mm practice ammunition. The delivery of this ammunition is expected to begin from the third quarter of 2019, and annual delivery volume is expected to be 700,000 cartridges.
  • In October 2018, BAE Systems received a contract to supply 155mm BONUS precision-guided munition to the US Army. The BONUS family can defeat armored targets. It can be fired from M777 lightweight towed howitzers and M109 self-propelled howitzers. The deliveries are expected to commence from 2020 onwards.
  • In June 2018, Northrop Grumman completed the acquisition of Orbital ATK Inc., which is a global leader in the aerospace & defense sector. Orbital ATK was established as its fourth business segment known as Northrop Grumman innovation systems

Critical questions the report answers:

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends in the ammunition market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

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 Market, By Lethality
    4.3 Ammunition Market, By Guidance
    4.4 Ammunition Market, By Product
    4.5 Ammunition 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 Market, 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 Market, 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 Market, 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 Market, 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 Market, 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 Market, 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, 2012–2018
Table 4 Ammunition Market Size, By Application, 2017–2025 (USD Billion)
Table 5 Market for Defense, By Type, 2017–2025 (USD Billion)
Table 6 Market for Civil & Commercial, By Type, 2017–2025 (USD Million)
Table 7 Market Size, By Caliber, 2017–2025 (USD Billion)
Table 8 Small Caliber Market Size, By Type, 2017–2025 (USD Billion)
Table 9 Medium Caliber Market Size, By Type, 2017–2025 (USD Billion)
Table 10 Large Caliber Market Size, By Type, 2017–2025 (USD Million)
Table 11 Ammunition Size, By Product, 2017–2025 (USD Billion)
Table 12 Ammunition Market Size, By Component, 2017–2025 (USD Billion)
Table 13 Market Market Size, By Guidance, 2017–2025 (USD Billion)
Table 14 Market Market Size, By Lethality, 2017–2025 (USD Billion)
Table 15 Ammunition Market Size, By Region, 2017–2025 (USD Billion)
Table 16 North America Ammunition Size, By Application, 2017–2025 (USD Billion)
Table 17 North America Market Size, By Caliber, 2017–2025 (USD Million)
Table 18 North America Market Size, By Product, 2017–2025 (USD Million)
Table 19 North America Market Size, By Component, 2017–2025 (USD Million)
Table 20 North America Market Size, By Guidance, 2017–2025 (USD Million)
Table 21 North America Market Size, By Lethality, 2017–2025 (USD Million)
Table 22 North America Market Size, By Country, 2017–2025 (USD Million)
Table 23 US Ammunition Market Size, By Application, 2017–2025 (USD Billion)
Table 24 US Ammunition Market Size, By Caliber, 2017–2025 (USD Million)
Table 25 Canada Ammunition Market Size, By Application, 2017–2025 (USD Million)
Table 26 Canada Ammunition Market Size, By Caliber, 2017–2025 (USD Million)
Table 27 Europe Ammunition Market Size, By Application, 2017–2025 (USD Million)
Table 28 Europe Ammunition Market Size, By Caliber, 2017–2025 (USD Million)
Table 29 Europe Ammunition Market Size, By Product, 2017–2025 (USD Million)
Table 30 Europe Ammunition Market Size, By Component, 2017–2025 (USD Million)
Table 31 Europe Ammunition Market Size, By Guidance, 2017–2025 (USD Million)
Table 32 Europe Ammunition Market Size, By Lethality, 2017–2025 (USD Million)
Table 33 Europe Ammunition Size, By Country, 2017–2025 (USD Million)
Table 34 UK Ammunition Market Size, By Application, 2017–2025 (USD Million)
Table 35 UK Ammunition Market Size, By Caliber, 2017–2025 (USD Million)
Table 36 France Market Size, By Application, 2017–2025 (USD Million)
Table 37 France Ammunition Market Size, By Caliber, 2017–2025 (USD Million)
Table 38 Russia Ammunition Market Size, By Application, 2017–2025 (USD Million)
Table 39 Russia Ammunition Market Size, By Caliber, 2017–2025 (USD Million)
Table 40 Germany Market Size, By Application, 2017–2025 (USD Million)
Table 41 Germany Ammunition Market Size, By Caliber, 2017–2025 (USD Million)
Table 42 Italy Market Size, By Application, 2017–2025 (USD Million)
Table 43 Italy Ammunition Market Size, By Caliber, 2017–2025 (USD Million)
Table 44 Spain Ammunition Market Size, By Application, 2017–2025 (USD Million)
Table 45 Spain Market Size, By Caliber, 2017–2025 (USD Million)
Table 46 Rest of Europe Ammunition Market Size, By Application, 2017–2025 (USD Million)
Table 47 Rest of Europe Market Size, By Caliber, 2017–2025 (USD Million)
Table 48 Asia Pacific Ammunition Market Size, By Application, 2017–2025 (USD Billion)
Table 49 Asia Pacific Market Size, By Caliber, 2017–2025 (USD Billion)
Table 50 Asia Pacific Ammunition Market Size, By Product, 2017–2025 (USD Million)
Table 51 Asia Pacific Market Size, By Component, 2017–2025 (USD Million)
Table 52 Asia Pacific Ammunition Market Size, By Guidance, 2017–2025 (USD Million)
Table 53 Asia Pacific Market Size, By Lethality, 2017–2025 (USD Million)
Table 54 Asia Pacific Ammunition Market Size, By Country, 2017–2025 (USD Million)
Table 55 China Ammunition Market Size, By Application, 2017–2025 (USD Million)
Table 56 China Ammunition Size, By Caliber, 2017–2025 (USD Million)
Table 57 India Market Size, By Application, 2017–2025 (USD Million)
Table 58 India Ammunition Size, By Caliber, 2017–2025 (USD Million)
Table 59 Japan Ammunition Size, By Application, 2017–2025 (USD Million)
Table 60 Japan Market Size, By Caliber, 2017–2025 (USD Million)
Table 61 South Korea Ammunition Size, By Application, 2017–2025 (USD Million)
Table 62 South Korea Market Size, By Caliber, 2017–2025 (USD Million)
Table 63 Australia Ammunition Size, By Application, 2017–2025 (USD Million)
Table 64 Australia Market Size, By Caliber, 2017–2025 (USD Million)
Table 65 Singapore Ammunition Size, By Application, 2017–2025 (USD Million)
Table 66 Singapore Market Size, By Caliber, 2017–2025 (USD Million)
Table 67 Rest of Asia Pacific Ammunition Size, By Application, 2017–2025 (USD Million)
Table 68 Rest of Asia Pacific Market Size, By Caliber, 2017–2025 (USD Million)
Table 69 Middle East Ammunition Size, By Application, 2017–2025 (USD Million)
Table 70 Middle East Market Size, By Caliber, 2017–2025 (USD Million)
Table 71 Middle East Ammunition Size, By Product, 2017–2025 (USD Million)
Table 72 Middle East Market Size, By Component, 2017–2025 (USD Million)
Table 73 Middle East Ammunition Size, By Guidance, 2017–2025 (USD Million)
Table 74 Middle East Market Size, By Lethality, 2017–2025 (USD Million)
Table 75 Middle East Ammunition Size, By Country, 2017–2025 (USD Million)
Table 76 Saudi Arabia Market Size, By Application, 2017–2025 (USD Million)
Table 77 Saudi Arabia Ammunition Size, By Caliber, 2017–2025 (USD Million)
Table 78 Israel Ammunition Size, By Application, 2017–2025 (USD Million)
Table 79 Israel Market Size, By Caliber, 2017–2025 (USD Million)
Table 80 Turkey Ammunition Size, By Application, 2017–2025 (USD Million)
Table 81 Turkey Market Size, By Caliber, 2017–2025 (USD Million)
Table 82 Rest of Middle East Ammunition Size, By Application, 2017–2025 (USD Million)
Table 83 Rest of Middle East Market Size, By Caliber, 2017–2025 (USD Million)
Table 84 Rest of the World Market Size, By Application, 2017–2025 (USD Million)
Table 85 Rest of the World Market Size, By Caliber, 2017–2025 (USD Million)
Table 86 Rest of the World Size, By Product, 2017–2025 (USD Million)
Table 87 Rest of the World Size, By Component, 2017–2025 (USD Million)
Table 88 Rest of the World Size, By Guidance, 2017–2025 (USD Million)
Table 89 Rest of the World Size, By Lethality, 2017–2025 (USD Million)
Table 90 Rest of the World Size, By Region, 2017–2025 (USD Million)
Table 91 Latin America Size, By Application, 2017–2025 (USD Million)
Table 92 Latin America Size, By Caliber, 2017–2025 (USD Million)
Table 93 Africa Size, By Application, 2017–2025 (USD Million)
Table 94 Africa Size, By Caliber, 2017–2025 (USD Million)
Table 95 Contracts, January 2016–February 2019
Table 96 New Product Launches & Developments, January 2016–February 2019
Table 97 Acquisitions & Partnerships, January 2016–February 2019


List of Figures (57 Figures)

Figure 1 Research Flow
Figure 2 Ammunition Market : Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Ammunition 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, 2008–2017
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 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.

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 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)
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