Ammunition Market Size, Share, and Trends by Rifle (5.45 MM, 5.56 MM, 7.62 MM), Handgun (9 X 19 MM PARABELLUM, 5.7 X 28 MM), Sniper (0.338 LAPUA MAGNUM, 0.338 NORMA MAGNUM), Shotgun (12, 20 gauge), Autocannon (20 MM, 25 MM, 30 MM, 35 MM), Launched Grenades (40 MM), Artillery (105 MM, 130 MM, 155 MM, 203 MM), Tank (105 MM, 120 MM, 125 MM), Mortar (60 MM, 81 MM, 120 MM), Naval (57 MM, 76 MM, 127 MM), Rocket Artillery (70 MM, 122 MM), Guidance, Component, End-user, Region - Global Forecast to 2031

icon1
USD 66.06 BN
MARKET SIZE, 2031
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CAGR 13.7%
(2026-2031)
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390
REPORT PAGES
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600
MARKET TABLES

AMMUNITION MARKET SIZE, SHARE, AND TRENDS OVERVIEW

According to Marketsandmarkets, the Global Ammunition Market Size was valued at USD 34.81 billion in 2026 and is projected to reach USD 66.06 billion by 2031, growing at a CAGR of 13.7% from 2026-2031. The market is supported by higher defense spending, ongoing military modernization programs, and the need to replenish stockpiles due to active conflicts. Demand is also increasing as countries strengthen local production capacity and maintain readiness across defense and security forces.

MARKET SNAPSHOT TABLE

REPORT METRIC DETAILS
Market Size in 2025 (Value) USD 31.17 Billion
Market Forecast in 2031 (Value) USD 66.06 Billion
Growth Rate CAGR of 13.7% from 2026-2031
Years Considered 2021-2031
Base Year 2025
Forecast Period 2026-2031
Units Considered Value (USD Million/Billion)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Top Companies
  • BAE Systems (UK)
  • Rheinmetall AG (Germany)
  • Nammo AS (Norway)
  • General Dynamics Corporation (US)
  • Northrop Grumman (US)
Growth Drivers
  • Rising geopolitical tensions and regional conflicts.
  • Growing defense budgets focused on ammunition stockpile replenishment.
  • Increased military training and readiness activities.
  • Modernization of armed forces and adoption of advanced munitions.
  • Expanding demand for precision-guided ammunition systems.
Segments Covered
  • By Caliber:
    • Small Caliber Ammunition
    • Medium-Caliber Ammunition
    • Large-Caliber Ammunition
  • By End User:
    • Military
    • Law Enforcement/Homeland Security
  • By Guidance:
    • Guided
    • Non-guided
  • By Component:
    • Fuzes
    • Primers
    • Propellants
    • Projectiles and Warheads
    • Cartridge Case
    • Others
Regions Covered North America, Asia Pacific, Europe, Middle East, Latin America, and Africa

AMMUNITION MARKET Size & Forecast

• 2025 Market Size (Value): USD 31.17 Billion
• 2031 Market Forecast (Value): USD 66.06 Billion
• CAGR: 13.7% from 2026-2031
• European Ammunition Market: 37.8% Revenue Share in 2025
• Large Caliber Ammunition Segment: CAGR of 16.6%

KEY TAKEAWAYS

  • By Region
    The European ammunition market accounted for a 37.8% revenue share in 2025.
  • By Caliber
    The large caliber ammunition segment is projected to register the highest CAGR of 16.6% during the forecast period.
  • By End User
    The military segment is projected to be the dominant end user during the forecast period.
  • By Component
    The projectiles and warheads segment is projected to be the dominant component during the forecast period.
  • Competitive Landscape- Key Players
    BAE Systems, Nammo AS and Northrop Grumman were identified as some of the star players in theammunition market, given their strong market share and product footprint.
  • Competitive Landscape- Other Players
    Adani Defence and Aerospace, China North Industries Corporation (NORINCO), and POLSKA GRUPA ZBROJENIOWA S.A., among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders

The Ammunition Industry is supported by rising defense budgets and ongoing military modernization programs across major economies. Active conflicts and geopolitical tensions are increasing the need to replenish stockpiles and be ready for operations. Governments are also investing in domestic production to reduce supply chain risks and ensure a steady supply. The market is expected to continue growing as countries prioritize defense preparedness and long-term procurement planning.

ammunition-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The ammunition market is shaped by changing requirements of military forces and homeland security agencies. Current revenue mainly comes from small caliber ammunition, standard artillery rounds, non-guided mortars and conventional fuzes. In the coming years, demand is expected to shift toward guided and precision ammunition, programmable airburst fuzes, long-range rockets and improved propellants. Stockpile replacement in NATO and allied countries and expansion of 155 mm production capacity are influencing procurement plans. As a result, manufacturers need to focus on higher production capacity, reliable supply and technology upgrades to meet future defense needs.

ammunition-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

AMMUNITION MARKET DYNAMICS

Drivers
Impact
Level
  • Rising defense spending increasing procurement and stockpile replenishment across major economies
  • Ongoing geopolitical tensions and active conflicts sustaining operational ammunition demand
RESTRAINTS
Impact
Level
  • Stringent export controls and regulatory restrictions limiting international trade
  • Budget allocation limits in certain countries constraining procurement volumes
OPPORTUNITIES
Impact
Level
  • Establishment of new domestic production facilities to reduce import dependence
  • Growth in long-term supply agreements for stockpile replacement and lifecycle support
CHALLENGES
Impact
Level
  • Fluctuation in raw material and energy costs affecting manufacturing margins
  • Production capacity issues leading to delivery delays during demand surges

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Rising defense spending increasing procurement and stockpile replenishment across major economies

Higher defense budgets in major economies are supporting increased procurement of ammunition across all calibers. Governments are allocating more funds to rebuild stockpiles and maintain readiness. This spending supports both active operations and training requirements. As a result, manufacturers are receiving larger and more frequent orders.

Restraint: Stringent export controls and regulatory restrictions limiting international trade

Strict export regulations and compliance requirements limit cross-border sales of ammunition. Companies must follow detailed approval processes, which can delay contracts. In some regions, policy changes can also restrict market access. These factors reduce flexibility in international trade.

Opportunity: Establishment of new domestic production facilities to reduce import dependence

Many governments are investing in local ammunition manufacturing to reduce reliance on imports. New facilities support supply security and create long-term production capacity. This also helps manage supply chain risks. It provides growth potential for both domestic and international manufacturers through partnerships.

Challenge: Fluctuation in raw material and energy costs affecting manufacturing margins

Ammunition production depends on metals, chemicals, and energy, all of which can be subject to price fluctuations. Fluctuations in input costs directly affect manufacturing expenses. Companies may face pressure on margins if contracts have fixed pricing. Thus, managing cost stability is an ongoing challenge.

AMMUNITION MARKET SIZE, SHARE, GROWTH ANALYSIS, & FORECAST: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Development of standardized small arms ammunition technologies under the SAAT project to improve interoperability and effectiveness across European military forces Interoperability between allied forces | Standardized procurement | Improved ammunition performance | Simplified logistics | Operational readiness
Establishment of a highly automated 155mm artillery ammunition production facility to increase shell output and ensure a continuous supply for military operations and national stockpile requirements Higher shell output | Domestic supply security | Reduced import reliance | Continuous production | Sustained operational support
Expansion of medium caliber ammunition co-production with Lithuania to strengthen manufacturing capacity and ensure sustained supply for national forces and NATO allies Increased production capacity | Supply chain resilience | Faster stockpile replenishment | Reduced external dependency | Support for allied forces

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

AMMUNITION MARKET ECOSYSTEM

The ammunition market ecosystem includes ammunition manufacturers, component suppliers, and end users that support defense and security needs. Companies such as BAE Systems, Northrop Grumman, Rheinmetall AG, Nammo AS, and Elbit Systems Ltd. produce small, medium, and large caliber ammunition. Component suppliers such as MESKO SA, RWS GmbH, and CCI Ammunition supply key inputs like primers and other parts. End users mainly include armed forces, defense ministries, and homeland security agencies. The market operates through government contracts, long-term supply agreements, and stockpile replacement programs.

ammunition-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

AMMUNITION MARKET SEGMENTS

ammunition-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Ammunition Market, By Caliber

Large caliber ammunition holds the largest market share as it is widely used in artilleries, tanks, and naval systems by military forces. These rounds are important for long-range and heavy fire support. Ongoing conflicts and stockpile replacement programs are increasing demand. In addition, large caliber ammunition has a higher unit price compared to small and medium calibers, which increases its overall share of the market value.

Ammunition Market, By End User

The military segment is the leading end user segment due to higher defense spending, ongoing conflicts, and increased training activities. Armed forces are replacing used stockpiles and upgrading weapon systems, which increases demand for all types of ammunition. Long-term supply contracts and focus on readiness are supporting steady growth for this segment.

Ammunition Market, By Guidance

The non-guided segment is expected to hold the largest market share because it is widely used in small, medium, and large caliber ammunition for training and combat. These rounds have a simple design and are produced in very large quantities. Military forces require high volumes for regular training and ongoing operations. In addition, non-guided ammunition has lower unit costs and well-established supply systems, which support large and consistent procurement levels.

Ammunition Market, By Component

The projectiles and warheads segment is expected to hold the largest market share because it is the core part of ammunition that delivers the effect on the target. Demand is high across small, medium, and large calibers for both training and combat use. Ongoing conflicts and stockpile replacement are increasing purchases. In addition, advanced and specialized warhead types have higher unit costs, which increases the overall market value.

AMMUNITION MARKET REGION

Europe to be fastest-growing region in ammunition market during forecast period

Europe is projected to witness the fastest growth in the global ammunition market as countries in the region increase defense budgets and rebuild stockpiles. Ongoing security concerns and support for allied operations are leading to higher purchases of small, medium, and large caliber ammunition. Many governments are expanding local production and setting up new facilities to secure supply. Long-term defense contracts and modernization plans are expected to support steady market growth in the region during the forecast period.

ammunition-market Region

AMMUNITION MARKET SIZE, SHARE, GROWTH ANALYSIS, & FORECAST: COMPANY EVALUATION MATRIX

In the ammunition market matrix, BAE Systems (Star) has a strong competitive position supported by a broad ammunition portfolio and an established presence across key defense markets. The company supplies small, medium, and large caliber ammunition to armed forces for training and operational uses. Its long-term government contracts and production capacity strengthen its leadership across major military segments. Poongsan Corporation (Emerging Leader) is strengthening its position in the global ammunition market through its range of small and medium-caliber ammunition products supplied to defense customers. The company is expanding its export presence and increasing production capacity to meet growing demand. Its focus on product quality and long-term supply programs supports its move toward the leaders’ quadrant as global procurement requirements continue to rise.

ammunition-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

AMMUNITION MARKET KEY PLAYERS

List of Top Ammunition Market Companies

WHAT IS IN IT FOR YOU: AMMUNITION MARKET SIZE, SHARE, GROWTH ANALYSIS, & FORECAST REPORT CONTENT GUIDE

ammunition-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Leading Manufacturer Additional segment breakdown for countries Additional country-level market sizing tables for segments/sub-segments covered at the regional/global level to gain an understanding of market potential by each country
Emerging Leader Additional company profiles Competitive information on targeted players to gain granular insights into direct competition
Regional Market Leader Additional country market estimates Additional country-level deep dive for a more targeted understanding of the total addressable market

RECENT DEVELOPMENTS

  • April 2025 : Elbit Systems secured a USD 130 million contract from a European customer to supply rockets for the PULS artillery rocket system. The contract covers training rockets and operational rockets, including ACCULAR, EXTRA, and Predator Hawk variants.
  • June 2024 : Rheinmetall signed a framework contract worth up to USD 9.1 billion with the Bundeswehr for the supply of 155mm artillery ammunition. The contract aims to replenish German and allied stockpiles and support Ukraine.
  • January 2024 : Nammo received government funding from Norway to increase the production of 155mm artillery ammunition. The funding is intended to expand manufacturing capacity in response to higher demand linked to regional security needs
  • May 2023 : Saab received an order from the Swedish Defence Materiel Administration (FMV) valued at approximately USD 276.4 million for Carl-Gustaf ammunition. Deliveries are scheduled from 2026 to 2030 under an existing framework agreement covering Carl-Gustaf, AT4, and NLAW systems.

 

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
 
 
47
2
EXECUTIVE SUMMARY
 
 
 
 
 
52
3
PREMIUM INSIGHTS
 
 
 
 
 
57
4
MARKET OVERVIEW
Rising defense budgets and geopolitical tensions fuel strategic ammunition market growth and localization.
 
 
 
 
 
60
 
4.1
INTRODUCTION
 
 
 
 
 
 
4.2
MARKET DYNAMICS
 
 
 
 
 
 
 
4.2.1
DRIVERS
 
 
 
 
 
 
 
4.2.1.1
INCREASE IN PROCUREMENT AND STOCKPILE REPLENISHMENT ACROSS MAJOR ECONOMIES DUE TO RISING DEFENSE SPENDING
 
 
 
 
 
 
4.2.1.2
SUSTAINED DEMAND FOR OPERATIONAL AMMUNITION OWING TO ONGOING GEOPOLITICAL TENSIONS AND ACTIVE CONFLICTS
 
 
 
 
 
 
4.2.1.3
INCREASING TRAINING ACTIVITIES AND FORCE READINESS REQUIREMENTS DRIVING STEADY AMMUNITION CONSUMPTION
 
 
 
 
 
4.2.2
RESTRAINTS
 
 
 
 
 
 
 
4.2.2.1
STRINGENT EXPORT CONTROLS AND REGULATORY RESTRICTIONS LIMITING INTERNATIONAL TRADE
 
 
 
 
 
 
4.2.2.2
BUDGET ALLOCATION LIMITS IN EMERGING ECONOMIES CONSTRAINING PROCUREMENT VOLUMES
 
 
 
 
 
4.2.3
OPPORTUNITIES
 
 
 
 
 
 
 
4.2.3.1
INDUSTRIAL LOCALIZATION & CAPACITY EXPANSION
 
 
 
 
 
 
4.2.3.2
LONG-TERM PROCUREMENT & LIFECYCLE CONTRACTING MODELS
 
 
 
 
 
4.2.4
CHALLENGES
 
 
 
 
 
 
 
4.2.4.1
FLUCTUATION IN RAW MATERIAL AND ENERGY COSTS AFFECTING MANUFACTURING MARGINS
 
 
 
 
 
 
4.2.4.2
PRODUCTION CAPACITY CONSTRAINTS
 
 
 
 
4.3
UNMET NEEDS AND WHITE SPACES IN AMMUNITION MARKET
 
 
 
 
 
 
4.4
INTER-CONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
 
 
4.5
STRATEGIC MOVES BY TIER 1/2/3 PLAYERS
 
 
 
 
 
5
INDUSTRY TRENDS
Navigate emerging disruptions and cost dynamics reshaping the global defense and ammunition landscape.
 
 
 
 
 
66
 
5.1
INTRODUCTION
 
 
 
 
 
 
5.2
MACROECONOMIC INDICATORS
 
 
 
 
 
 
 
5.2.1
INTRODUCTION
 
 
 
 
 
 
5.2.2
GDP TRENDS AND FORECAST
 
 
 
 
 
 
5.2.3
TRENDS IN GLOBAL AMMUNITION INDUSTRY
 
 
 
 
 
 
5.2.4
TRENDS IN GLOBAL DEFENSE INDUSTRY
 
 
 
 
 
5.3
VALUE CHAIN ANALYSIS
 
 
 
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
 
 
5.5
TRADE ANALYSIS
 
 
 
 
 
 
 
 
5.5.1
IMPORT SCENARIO (HS CODE 9306)
 
 
 
 
 
 
5.5.2
EXPORT SCENARIO (HS CODE 9306)
 
 
 
 
 
5.6
KEY CONFERENCES AND EVENTS, 2026-2027
 
 
 
 
 
 
5.7
TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESSES
 
 
 
 
 
 
5.8
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
 
 
5.9
PRICING ANALYSIS
 
 
 
 
 
 
 
 
5.9.1
AVERAGE PRICE TREND OF AMMUNITION, BY REGION, 2019–2025 (USD PER YEAR) (USD PER ROUND)
 
 
 
 
 
5.10
OPERATIONAL DATA
 
 
 
 
 
 
5.11
TOTAL COST OF OWNERSHIP
 
 
 
 
 
 
 
5.11.1
TOTAL COST OF OWNERSHIP OF AMMUNITION
 
 
 
 
 
 
 
5.11.1.1
ACQUISITION COSTS
 
 
 
 
 
 
5.11.1.2
STORAGE & INVENTORY COSTS
 
 
 
 
 
 
5.11.1.3
TRANSPORT AND HANDLING COSTS
 
 
 
 
 
 
5.11.1.4
TRAINING CONSUMPTION COSTS
 
 
 
 
 
 
5.11.1.5
WEAPON SYSTEM WEAR COSTS
 
 
 
 
 
 
5.11.1.6
DISPOSAL / DEMILITARIZATION COSTS
 
 
 
 
5.12
USE CASE ANALYSIS
 
 
 
 
 
 
 
5.12.1
USE CASE: IMPLEMENTING NON-LETHAL 5.56 MM PLASTIC BLANK AMMUNITION FOR SAFE RIFLE TRAINING
 
 
 
 
 
 
5.12.2
USE CASE: EXPANDING 120 MM TANK AMMUNITION FOR MAIN BATTLE TANK READINESS
 
 
 
 
 
5.13
IMPACT OF 2025 US TARIFFS
 
 
 
 
 
 
 
 
5.13.1
INTRODUCTION
 
 
 
 
 
 
5.13.2
KEY TARIFF RATES
 
 
 
 
 
 
5.13.3
PRICE IMPACT ANALYSIS
 
 
 
 
 
 
5.13.4
IMPACT ON COUNTRY/REGION
 
 
 
 
 
 
 
5.13.4.1
US
 
 
 
 
 
 
5.13.4.2
EUROPE
 
 
 
 
 
 
5.13.4.3
ASIA PACIFIC
 
 
 
 
 
5.13.5
IMPACT ON END-USE INDUSTRIES
 
 
 
 
 
5.14
BILL OF MATERIALS
 
 
 
 
 
 
 
5.14.1
SMALL CALIBER
 
 
 
 
 
 
 
5.14.1.1
RIFLE / MG (5.56, 7.62, 6.8 NGSW)
 
 
 
 
 
 
5.14.1.2
SNIPER / HEAVY MG (12.7MM, .338)
 
 
 
 
 
5.14.2
MEDIUM CALIBER
 
 
 
 
 
 
 
5.14.2.1
AUTOCANNON (20–35MM HEI-T)
 
 
 
 
 
 
5.14.2.2
40 MM GRENADES (LV/HV)
 
 
 
 
 
5.14.3
LARGE CALIBER
 
 
 
 
 
 
 
5.14.3.1
155MM ARTILLERY HE (UNGUIDED)
 
 
 
 
 
 
5.14.3.2
155MM GUIDED (GPS KIT ADDED)
 
 
 
 
 
 
5.14.3.3
TANK 120MM APFSDS
 
 
 
 
 
 
5.14.3.4
MORTAR 81/120MM HE
 
 
 
 
 
 
5.14.3.5
ROCKET ARTILLERY 122MM (UNGUIDED)
 
 
 
 
5.15
VOLUME DATA
 
 
 
 
 
 
5.16
BUSINESS MODELS
 
 
 
 
 
 
 
5.16.1
DIRECT SALES AND GOVERNMENT CONTRACT MODEL
 
 
 
 
 
 
5.16.2
LICENSED PRODUCTION / TECHNOLOGY TRANSFER MODEL
 
 
 
 
 
 
5.16.3
FRAMEWORK SUPPLY AGREEMENT MODEL
 
 
 
 
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
AI-driven innovations revolutionize ammunition technology, boosting precision, adoption, and market readiness.
 
 
 
 
 
99
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
 
 
 
6.1.1
ADOPTION OF POLYMER CASE IN SMALL-CALIBER AMMUNITION
 
 
 
 
 
 
6.1.2
PROGRAMMABLE FUZES
 
 
 
 
 
 
6.1.3
ADVANCED PROPELLANT TECHNOLOGY IN ARTILLERY SHELLS
 
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
 
 
 
6.2.1
LASER-INITIATED AMMUNITION
 
 
 
 
 
 
6.2.2
PREFABRICATED AMMUNITION
 
 
 
 
 
6.3
ADJACENT TECHNOLOGIES
 
 
 
 
 
 
 
6.3.1
PRECISION INERTIAL NAVIGATION SYSTEMS (PINS)
 
 
 
 
 
 
6.3.2
MICRO INTERNAL NAVIGATION TECHNOLOGY
 
 
 
 
 
6.4
TECHNOLOGY ROADMAP
 
 
 
 
 
 
6.5
EMERGING TECHNOLOGY TRENDS
 
 
 
 
 
 
6.6
PATENT ANALYSIS
 
 
 
 
 
 
 
6.7
FUTURE APPLICATIONS
 
 
 
 
 
 
6.8
IMPACT OF AI/ GENERATIVE AI ON AMMUNITION MARKET
 
 
 
 
 
 
 
6.9
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
 
 
6.10
BEST PRACTICES IN AMMUNITION MARKET
 
 
 
 
 
 
6.11
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
 
 
 
6.12
CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN AMMUNITION MARKET
 
 
 
 
 
 
6.13
SUCCESS STORIES AND REAL-WORLD APPLICATIONS
 
 
 
 
 
 
6.14
AEROJET NAMMO- MULTI-ROLE 25MM MEDIUM-CALIBER AMMUNITION PROVIDER FOR AIR AND GROUND PLATFORMS
 
 
 
 
 
 
6.15
NORTHROP GRUMMAN- PROGRAMMABLE AND MULTI-ROLE MEDIUM- AND LARGE-CALIBER AMMUNITION SUPPLIER FOR MODERNIZED FORCE STRUCTURES
 
 
 
 
 
 
6.16
RHEINMETALL– 35MM PROGRAMMABLE AIR DEFENCE AMMUNITION AND INTEGRATED CLOSE-RANGE PROTECTION SYSTEM PROVIDER
 
 
 
 
 
7
SUSTAINABILITY AND REGULATORY LANDSCAPE
Navigate complex global regulations driving sustainable innovations in ammunition markets.
 
 
 
 
 
111
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
 
 
7.1.1
TARIFF DATA
 
 
 
 
 
 
7.1.2
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
7.1.3
REGULATORY FRAMEWORK
 
 
 
 
 
 
 
7.1.3.1
NORTH AMERICA
 
 
 
 
 
 
7.1.3.2
EUROPE
 
 
 
 
 
 
7.1.3.3
ASIA PACIFIC
 
 
 
 
 
 
7.1.3.4
MIDDLE EAST
 
 
 
 
 
 
7.1.3.5
LATIN AMERICA
 
 
 
 
 
 
7.1.3.6
AFRICA
 
 
 
 
7.2
INDUSTRY STANDARDS
 
 
 
 
 
 
7.3
SUSTAINABILITY INITIATIVES
 
 
 
 
 
 
 
7.3.1
GREEN BULLET (US ARMY’S M855A1 ENHANCED PERFORMANCE ROUND)
 
 
 
 
 
 
7.3.2
BIODEGRADABLE SHOTSHELL WAD DECOMPOSES ON EXPOSURE TO BACTERIA NATURALLY PRESENT IN ENVIRONMENT
 
 
 
 
 
 
7.3.3
LEAD-FREE PROJECTILES IN NATO MARKETS
 
 
 
 
 
 
7.3.4
NON-TOXIC PRIMERS
 
 
 
 
 
7.4
IMPACT OF REGULATORY POLICIES ON SUSTAINABILITY INITIATIVES
 
 
 
 
 
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
Understand stakeholder influence and unmet needs to optimize ammunition market strategies.
 
 
 
 
 
120
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
 
 
8.2
BUYERS, STAKEHOLDERS, AND BUYING EVALUATION CRITERIA
 
 
 
 
 
 
 
8.2.1
KEY STAKEHOLDERS IN BUYING PROCESS
 
 
 
 
 
 
8.2.2
BUYING CRITERIA
 
 
 
 
 
8.3
ADOPTION BARRIERS & INTERNAL CHALLENGES
 
 
 
 
 
 
8.4
UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
 
 
 
 
 
9
AMMUNITION MARKET, BY CALIBER
Market Size & Growth Rate Forecast Analysis to 2031 in USD Million | 32 Data Tables
 
 
 
 
 
125
 
9.1
INTRODUCTION
 
 
 
 
 
 
9.2
SMALL CALIBER AMMUNITION
 
 
 
 
 
 
 
9.2.1
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.2.1.1
5.45×39 MM AMMUNITION SUSTAINMENT FOR STANDARD RUSSIAN INFANTRY PLATFORMS
 
 
 
 
 
 
9.2.1.2
5.56 MM AMMUNITION BY BAE SYSTEMS FOR INFANTRY RIFLES
 
 
 
 
 
 
9.2.1.3
7.62 MM MACHINE GUN AMMUNITION SUPPLY BY RHEINMETALL DENEL MUNITION FOR LAND COMBAT SYSTEMS
 
 
 
 
 
9.2.2
RIFLE AND MACHINE GUN ROUNDS
 
 
 
 
 
 
 
9.2.2.1
TRANSITION TO MULTIPLE RIFLE AND MACHINE GUN CALIBERS TO SUPPORT EVOLVING INFANTRY REQUIREMENTS
 
 
 
 
 
 
9.2.2.2
5.45 MM
 
 
 
 
 
 
9.2.2.3
5.56 MM
 
 
 
 
 
 
9.2.2.4
7.62 MM
 
 
 
 
 
 
9.2.2.5
OTHERS (0.300 BLACKOUT, 6.8 MM NGSW)
 
 
 
 
 
9.2.3
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.2.3.1
9×19 MM NATO AMMUNITION BY FN HERSTAL FOR PISTOLS AND SUBMACHINE GUNS
 
 
 
 
 
 
9.2.3.2
5.7×28 MM NATO AMMUNITION BY FN HERSTAL FOR PISTOLS AND PERSONAL DEFENSE WEAPONS
 
 
 
 
 
9.2.4
HANDGUN ROUNDS
 
 
 
 
 
 
 
9.2.4.1
SUSTAINED DEMAND FOR HANDGUN AMMUNITION ACROSS MILITARY AND LAW ENFORCEMENT FORCES
 
 
 
 
 
 
9.2.4.2
9×19 MM PARABELLUM
 
 
 
 
 
 
9.2.4.3
5.7×28 MM
 
 
 
 
 
 
9.2.4.4
OTHERS (9 X 18 MM MAKAROV, 0.45 ACP, 0.40 S&W)
 
 
 
 
 
9.2.5
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.2.5.1
8.6 MM (.338 LAPUA MAGNUM) CARTRIDGES FOR SAKO TRG-42 SNIPER RIFLE
 
 
 
 
 
9.2.6
338 NORMA MAGNUM AMMUNITION SUPPLY FOR LONG-RANGE SNIPER RIFLES
 
 
 
 
 
 
9.2.7
SNIPER ROUNDS
 
 
 
 
 
 
 
9.2.7.1
EXPANSION OF .338 CALIBER SNIPER AMMUNITION FOR EXTENDED-RANGE MILITARY ENGAGEMENTS
 
 
 
 
 
 
9.2.7.2
338 LAPUA MAGNUM
 
 
 
 
 
 
9.2.7.3
338 NORMA MAGNUM
 
 
 
 
 
9.2.8
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.2.8.1
12.7 MM GUIDED SNIPER AMMUNITION DEVELOPMENT BY ISL FOR 12.7×99 MM LONG-RANGE RIFLES
 
 
 
 
 
 
9.2.8.2
14.5 MM HEAVY MACHINE GUN INTEGRATION BY EXCALIBUR ARMY FOR MR-2 VIKTOR AIR DEFENSE SYSTEM
 
 
 
 
 
9.2.9
HEAVY MACHINE GUN ROUNDS
 
 
 
 
 
 
 
9.2.9.1
SUSTAINED INSTITUTIONAL DEMAND FOR HEAVY MACHINE GUN AMMUNITION IN 12.7 MM AND 14.5 MM CALIBERS
 
 
 
 
 
 
9.2.9.2
12.7 MM (0.50 BMG)
 
 
 
 
 
 
9.2.9.3
14.5 MM
 
 
 
 
 
9.2.10
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.2.10.1
12-GAUGE SHOTGUN SLUG AMMUNITION SUPPLY BY KINETIC GROUP SALES FOR NAVY SHOTGUN PLATFORMS
 
 
 
 
 
 
9.2.10.2
20-GAUGE AMMUNITION FOR LAW ENFORCEMENT COMBAT SHOTGUNS
 
 
 
 
 
9.2.11
SHOTGUN ROUNDS
 
 
 
 
 
 
 
9.2.11.1
CONTINUED INSTITUTIONAL PROCUREMENT OF 12-GAUGE AND 20-GAUGE SHOTGUN AMMUNITION FOR CLOSE-RANGE OPERATIONS
 
 
 
 
 
 
9.2.11.2
12 GAUGE (TACTICAL)
 
 
 
 
 
 
9.2.11.3
20 GAUGE (TACTICAL)
 
 
 
 
9.3
MEDIUM CALIBER
 
 
 
 
 
 
 
9.3.1
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.3.1.1
20 MM M940 MPT-SD AMMUNITION PRODUCTION BY NORTHROP GRUMMAN FOR 20×102 MM GUN SYSTEMS
 
 
 
 
 
 
9.3.1.2
25 MM CANNON AMMUNITION SUPPLY BY NAMMO AS FOR F-35 GAU-22
 
 
 
 
 
 
9.3.1.3
30 MM AMMUNITION SUPPLY BY RHEINMETALL AG FOR PUMA INFANTRY FIGHTING VEHICLE CANNON SYSTEM
 
 
 
 
 
 
9.3.1.4
35 MM GUN AMMUNITION SUPPLY BY ZVS HOLDING FOR MEDIUM-CALIBER LAND WEAPON SYSTEMS
 
 
 
 
9.4
AUTOCANNON ROUNDS
 
 
 
 
 
 
 
9.4.1
MODERNIZATION AND AIR DEFENSE REQUIREMENTS TO SUPPORT DEMAND FOR 20 MM TO 35 MM AUTOCANNON AMMUNITION
 
 
 
 
 
 
 
9.4.1.1
20 MM
 
 
 
 
 
 
9.4.1.2
25 MM
 
 
 
 
 
 
9.4.1.3
30 MM
 
 
 
 
 
 
9.4.1.4
35 MM
 
 
 
 
 
9.4.2
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.4.2.1
40 MM LOW-VELOCITY AMMUNITION SUPPLY BY RHEINMETALL AG FOR INFANTRY GRENADE LAUNCHER SYSTEMS
 
 
 
 
 
 
9.4.2.2
40 MM TELESCOPED AMMUNITION SUPPLY BY KNDS FRANCE FOR JAGUAR ARMORED VEHICLE AND RAPIDFIRE TURRET SYSTEMS
 
 
 
 
9.5
LAUNCHED GRENADES
 
 
 
 
 
 
 
9.5.1
40 MM LOW-VELOCITY (LV)
 
 
 
 
 
 
9.5.2
40 MM HIGH-VELOCITY (HV)
 
 
 
 
 
9.6
LARGE CALIBER
 
 
 
 
 
 
 
9.6.1
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.6.1.1
105 MM ARTILLERY AMMUNITION BY BAE SYSTEMS FOR L118 LIGHT GUN SYSTEM
 
 
 
 
 
 
9.6.1.2
130 MM TANK AMMUNITION BY RHEINMETALL AG FOR NEXT-GENERATION MAIN BATTLE TANK GUNS
 
 
 
 
 
 
9.6.1.3
155 MM NEXT-GENERATION ADAPTABLE AMMUNITION DEVELOPMENT BY BAE SYSTEMS FOR NATO HOWITZER SYSTEMS
 
 
 
 
 
 
9.6.1.4
203 MM MORTAR AMMUNITION BY SERBIA’S MILITARY TECHNICAL INSTITUTE FOR TSMB MORTAR SYSTEM
 
 
 
 
9.7
ARTILLERY AMMUNITION
 
 
 
 
 
 
 
9.7.1
OPERATIONAL CONSUMPTION AND STOCK REPLENISHMENT SUPPORTING DEMAND FOR 105 MM TO 203 MM ARTILLERY AMMUNITION
 
 
 
 
 
 
 
9.7.1.1
105 MM
 
 
 
 
 
 
9.7.1.2
130 MM
 
 
 
 
 
 
9.7.1.3
155 MM
 
 
 
 
 
 
9.7.1.4
203 MM
 
 
 
 
 
9.7.2
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.7.2.1
105 MM TK HE M1010 AMMUNITION BY KNDS FOR M68, L7, AND CN105F1 TANK GUNS
 
 
 
 
 
 
9.7.2.2
120 MM DM73 APFSDS AMMUNITION BY RHEINMETALL FOR L55A1 SMOOTHBORE TANK GUN
 
 
 
 
 
 
9.7.2.3
125 MM TANK AMMUNITION BY DRDO FOR FUTURE MAIN BATTLE TANK (FMBT) SMOOTHBORE GUN SYSTEM
 
 
 
 
9.8
TANK AMMUNITION
 
 
 
 
 
 
 
9.8.1
FLEET COMPOSITION AND READINESS REQUIREMENTS SUPPORTING DEMAND FOR 105 MM TO 125 MM TANK AMMUNITION
 
 
 
 
 
 
 
9.8.1.1
105 MM
 
 
 
 
 
 
9.8.1.2
120 MM
 
 
 
 
 
 
9.8.1.3
125 MM
 
 
 
 
 
9.8.2
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.8.2.1
60 MM MORTAR AMMUNITION BY RHEINMETALL DENEL MUNITION FOR 60 MM MORTAR SYSTEMS
 
 
 
 
 
 
9.8.2.2
81 MM HIGH-EXPLOSIVE MORTAR AMMUNITION BY NAMMO FOR 81 MM SMOOTHBORE MORTAR SYSTEMS
 
 
 
 
 
 
9.8.2.3
120 MM IRON STING-GUIDED MORTAR AMMUNITION BY ELBIT SYSTEMS FOR 120 MM MORTAR SYSTEMS
 
 
 
 
 
9.8.3
MORTAR AMMUNITION
 
 
 
 
 
 
 
9.8.3.1
ROUTINE REPLENISHMENT AND BATTALION-LEVEL FIRE SUPPORT SUSTAINING DEMAND FOR 60 MM TO 120 MM MORTAR AMMUNITION
 
 
 
 
 
 
9.8.3.2
60 MM
 
 
 
 
 
 
9.8.3.3
81 MM
 
 
 
 
 
 
9.8.3.4
120 MM
 
 
 
 
 
9.8.4
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.8.4.1
57 MM NAVAL AMMUNITION FOR PATROL VESSELS, CORVETTES, AND FRIGATES
 
 
 
 
 
 
9.8.4.2
76 MM NAVAL AMMUNITION BY LEONARDO FOR OTO MELARA 76 MM NAVAL GUN SYSTEM
 
 
 
 
 
 
9.8.4.3
127 MM VULCANO NAVAL AMMUNITION BY LEONARDO FOR 127/54 AND 127/64 NAVAL GUN SYSTEMS
 
 
 
 
 
9.8.5
NAVAL AMMUNITION
 
 
 
 
 
 
 
9.8.5.1
FLEET MODERNIZATION AND READINESS REQUIREMENTS TO SUPPORT DEMAND FOR 57 MM TO 127 MM NAVAL AMMUNITION
 
 
 
 
 
 
9.8.5.2
57 MM
 
 
 
 
 
 
9.8.5.3
76 MM
 
 
 
 
 
 
9.8.5.4
127 MM
 
 
 
 
 
9.8.6
USE CASE ANALYSIS
 
 
 
 
 
 
 
9.8.6.1
70 MM ROCKET AMMUNITION BY ADANI DEFENCE FOR NATO-STANDARD ROCKET LAUNCHER SYSTEMS
 
 
 
 
 
 
9.8.6.2
122 MM HE ROCKET AMMUNITION BY MSM GROUP FOR BM-21 GRAD AND RM-71 MULTIPLE LAUNCH ROCKET SYSTEMS
 
 
 
 
9.9
ROCKET ARTILLERY
 
 
 
 
 
 
 
9.9.1
LIFECYCLE SUSTAINMENT OF LAUNCHER SYSTEMS TO SUPPORT DEMAND FOR 70 MM AND 122 MM ROCKET ARTILLERY AMMUNITION
 
 
 
 
 
 
 
9.9.1.1
70 MM
 
 
 
 
 
 
9.9.1.2
122 MM
 
 
 
10
AMMUNITION MARKET, BY COMPONENT
Market Size & Growth Rate Forecast Analysis to 2031 in USD Million | 14 Data Tables
 
 
 
 
 
156
 
10.1
INTRODUCTION
 
 
 
 
 
 
10.2
FUZES
 
 
 
 
 
 
 
10.2.1
IMPACT & POINT DETONATING (PD)
 
 
 
 
 
 
 
10.2.1.1
SUSTAINED PROCUREMENT OF IMPACT AND POINT DETONATING FUZES WITHIN ESTABLISHED INDIRECT FIRE PROGRAMS TO DRIVE DEMAND
 
 
 
 
 
10.2.2
PROXIMITY (VT) & HEIGHT-OF-BURST
 
 
 
 
 
 
 
10.2.2.1
SUSTAINED INTEGRATION OF PROXIMITY AND VARIABLE TIME FUZES ACROSS MORTAR AND ARTILLERY PROGRAMS TO DRIVE DEMAND
 
 
 
 
 
10.2.3
ELECTRONIC AND PROGRAMMABLE AIRBURST
 
 
 
 
 
 
 
10.2.3.1
DIGITAL DETONATION CONTROL AND AIRBURST INTEGRATION TO DRIVE DEMAND
 
 
 
 
 
10.2.4
MULTI-OPTION FUZES (MOFA)
 
 
 
 
 
 
 
10.2.4.1
ADOPTION OF PROGRAMMABLE MULTI-MODE FUZES TO SUPPORT INVENTORY RATIONALIZATION AND INDIRECT FIRE MODERNIZATION
 
 
 
 
10.3
PRIMERS
 
 
 
 
 
 
 
10.3.1
CENTERFIRE PRIMERS
 
 
 
 
 
 
 
10.3.1.1
CARTRIDGE MANUFACTURING EXPANSION AND THROUGHPUT GROWTH TO DRIVE DEMAND
 
 
 
 
 
10.3.2
PERCUSSION PRIMERS
 
 
 
 
 
 
 
10.3.2.1
SMALL-CALIBER AMMUNITION OUTPUT AND PLANT MODERNIZATION TO DRIVE DEMAND
 
 
 
 
 
10.3.3
ELECTRIC PRIMERS
 
 
 
 
 
 
 
10.3.3.1
ELECTRICALLY CONTROLLED IGNITION SYSTEM EXPANSION TO DRIVE DEMAND
 
 
 
 
 
10.3.4
IGNITER PADS/FLASH TUBES
 
 
 
 
 
 
 
10.3.4.1
MODULAR CHARGE PRODUCTION EXPANSION TO DRIVE DEMAND
 
 
 
 
10.4
PROPELLANTS
 
 
 
 
 
 
 
10.4.1
DOUBLE-BASE SMOKELESS POWDER
 
 
 
 
 
 
 
10.4.1.1
SMALL AND MEDIUM-CALIBER CARTRIDGE PRODUCTION GROWTH TO DRIVE DEMAND
 
 
 
 
 
10.4.2
TRIPLE-BASE SMOKELESS POWDER
 
 
 
 
 
 
 
10.4.2.1
LARGE-CALIBER ARTILLERY EXPANSION AND MODULAR CHARGE REQUIREMENTS TO DRIVE DEMAND
 
 
 
 
 
10.4.3
COMPOSITE PROPELLANTS
 
 
 
 
 
 
 
10.4.3.1
EXPANSION OF SPECIALIZED AMMUNITION THROUGHPUT TO DRIVE DEMAND
 
 
 
 
10.5
PROJECTILES AND WARHEADS
 
 
 
 
 
 
 
10.5.1
FULL METAL JACKET / BALL
 
 
 
 
 
 
 
10.5.1.1
SMALL ARMS PRODUCTION AND TRAINING ALLOCATIONS TO DRIVE DEMAND
 
 
 
 
 
10.5.2
ARMOR PIERCING (AP)
 
 
 
 
 
 
 
10.5.2.1
STOCKPILE REPLENISHMENT AND SMALL-TO-MEDIUM CALIBER OUTPUT GROWTH SUPPORTING DEMAND FOR ARMOR PIERCING PROJECTILES
 
 
 
 
 
10.5.3
HIGH EXPLOSIVE (HE)
 
 
 
 
 
 
 
10.5.3.1
ARTILLERY AND INDIRECT FIRE AMMUNITION PRODUCTION TO DRIVE DEMAND
 
 
 
 
 
10.5.4
KINETIC ENERGY PENETRATOR
 
 
 
 
 
 
 
10.5.4.1
ARMORED FLEET MODERNIZATION AND AMMUNITION OUTPUT GROWTH TO DRIVE DEMAND
 
 
 
 
 
10.5.5
PREFORMED FRAGMENTATION (PFF)
 
 
 
 
 
 
 
10.5.5.1
INDIRECT FIRE AMMUNITION MANUFACTURING EXPANSION TO DRIVE DEMAND
 
 
 
 
10.6
CARTRIDGE CASES
 
 
 
 
 
 
 
10.6.1
BRASS
 
 
 
 
 
 
 
10.6.1.1
METAL COMPONENT CAPACITY EXPANSION TO DRIVE DEMAND
 
 
 
 
 
10.6.2
STEEL
 
 
 
 
 
 
 
10.6.2.1
EXPANSION OF SMALL AND MEDIUM-CALIBER AMMUNITION PRODUCTION TO DRIVE DEMAND
 
 
 
 
 
10.6.3
ALUMINUM
 
 
 
 
 
 
 
10.6.3.1
SCALING OF AMMUNITION OUTPUT SUPPORTING DEMAND FOR ALUMINUM CARTRIDGE CASES
 
 
 
 
 
10.6.4
COMBUSTIBLE
 
 
 
 
 
 
 
10.6.4.1
EXPANSION OF LARGE-CALIBER AMMUNITION PRODUCTION TO DRIVE DEMAND
 
 
 
 
10.7
OTHERS
 
 
 
 
 
 
 
10.7.1
GPS GUIDANCE KITS
 
 
 
 
 
 
10.7.2
ROTATING BANDS
 
 
 
 
 
 
10.7.3
TAIL FIN ASSEMBLIES
 
 
 
 
11
AMMUNITION MARKET, BY END USER
Market Size & Growth Rate Forecast Analysis to 2031 in USD Million | 6 Data Tables
 
 
 
 
 
173
 
11.1
INTRODUCTION
 
 
 
 
 
 
11.2
MILITARY
 
 
 
 
 
 
 
11.2.1
AIR FORCE
 
 
 
 
 
 
 
11.2.1.1
OPERATIONAL REPLENISHMENT AND FLEET MODERNIZATION TO DRIVE DEMAND
 
 
 
 
 
11.2.2
ARMY
 
 
 
 
 
 
 
11.2.2.1
WAR RESERVE REPLENISHMENT AND HIGH-INTENSITY OPERATIONS TO DRIVE DEMAND
 
 
 
 
 
11.2.3
NAVY
 
 
 
 
 
 
 
11.2.3.1
FLEET EXPANSION, OPERATIONAL DEPLOYMENT, AND INVENTORY ROTATION TO DRIVE DEMAND
 
 
 
 
11.3
LAW ENFORCEMENT/HOMELAND SECURITY
 
 
 
 
 
 
 
11.3.1
BORDER & COAST PROTECTION UNIT
 
 
 
 
 
 
 
11.3.1.1
ENFORCEMENT OPERATIONS AND QUALIFICATION STANDARDS TO DRIVE DEMAND
 
 
 
 
 
11.3.2
SPECIAL OPERATIONS UNIT
 
 
 
 
 
 
 
11.3.2.1
COUNTER-TERRORISM READINESS AND INTENSIVE QUALIFICATION CYCLES TO DRIVE DEMAND
 
 
 
 
 
11.3.3
NATIONAL POLICE FORCE
 
 
 
 
 
 
 
11.3.3.1
CERTIFICATION STANDARDS AND PUBLIC SECURITY MANDATES TO DRIVE DEMAND
 
 
 
12
AMMUNITION MARKET, BY GUIDANCE
Market Size & Growth Rate Forecast Analysis to 2031 in USD Million | 2 Data Tables
 
 
 
 
 
180
 
12.1
INTRODUCTION
 
 
 
 
 
 
12.2
GUIDED
 
 
 
 
 
 
12.3
NON-GUIDED
 
 
 
 
 
13
AMMUNITION MARKET, BY REGION
Comprehensive coverage of 7 Regions with country-level deep-dive of 21 Countries | 598 Data Tables.
 
 
 
 
 
183
 
13.1
INTRODUCTION
 
 
 
 
 
 
13.2
NORTH AMERICA
 
 
 
 
 
 
 
13.2.1
US
 
 
 
 
 
 
 
13.2.1.1
HIGH PROCUREMENT OF PRECISION-GUIDED MUNITIONS AND SUSTAINED TRAINING CONSUMPTION TO DRIVE MARKET
 
 
 
 
 
13.2.2
CANADA
 
 
 
 
 
 
 
13.2.2.1
FUNDED STOCK REPLENISHMENT, DOMESTIC PRODUCTION STABILITY, AND CONTINENTAL DEFENSE COMMITMENTS TO DRIVE MARKET
 
 
 
 
 
13.2.3
MEXICO
 
 
 
 
 
 
 
13.2.3.1
DOMESTIC SECURITY OPERATIONS AND STATE-CONTROLLED PRODUCTION TO DRIVE MARKET
 
 
 
 
13.3
ASIA PACIFIC
 
 
 
 
 
 
 
13.3.1
CHINA
 
 
 
 
 
 
 
13.3.1.1
MILITARY MODERNIZATION AND INDUSTRIAL RESTRUCTURING TO DRIVE MARKET
 
 
 
 
 
13.3.2
JAPAN
 
 
 
 
 
 
 
13.3.2.1
DEFENSE POLICY SHIFTS AND ALLIANCE COMMITMENTS TO DRIVE MARKET
 
 
 
 
 
13.3.3
INDIA
 
 
 
 
 
 
 
13.3.3.1
STOCKPILE REBUILDING, INDUSTRIAL RESTRUCTURING, AND EXPORT EXPANSION TO DRIVE MARKET
 
 
 
 
 
13.3.4
SOUTH KOREA
 
 
 
 
 
 
 
13.3.4.1
HIGH READINESS REQUIREMENTS, INTEGRATED INDUSTRIAL BASE, AND EXPORT ORDERS TO DRIVE MARKET
 
 
 
 
 
13.3.5
AUSTRALIA
 
 
 
 
 
 
 
13.3.5.1
SOVEREIGN MANUFACTURING INVESTMENT, AND INDO-PACIFIC SECURITY COMMITMENTS TO DRIVE MARKET
 
 
 
 
 
13.3.6
INDONESIA
 
 
 
 
 
 
 
13.3.6.1
FORCE EXPANSION, INTERNAL SECURITY OPERATIONS, AND ENHANCING DOMESTIC PRODUCTION CAPACITY TO DRIVE MARKET
 
 
 
 
 
13.3.7
REST OF ASIA PACIFIC
 
 
 
 
 
13.4
EUROPE
 
 
 
 
 
 
 
13.4.1
GERMANY
 
 
 
 
 
 
 
13.4.1.1
DEFENSE FUNDING EXPANSION, INDUSTRIAL CAPACITY GROWTH, AND PLATFORM MODERNIZATION TO DRIVE MARKET
 
 
 
 
 
13.4.2
FRANCE
 
 
 
 
 
 
 
13.4.2.1
PROCUREMENT ACTIONS UNDER 2024–2030 MILITARY PROGRAMMING LAW TO DRIVE MARKET
 
 
 
 
 
13.4.3
UK
 
 
 
 
 
 
 
13.4.3.1
STOCK REBUILDING, INDUSTRIAL EXPANSION, AND PLATFORM MODERNIZATION TO DRIVE MARKET
 
 
 
 
 
13.4.4
ITALY
 
 
 
 
 
 
 
13.4.4.1
STOCK REPLENISHMENT, DOMESTIC PRODUCTION, AND NATO COMMITMENTS TO DRIVE MARKET
 
 
 
 
 
13.4.5
SPAIN
 
 
 
 
 
 
 
13.4.5.1
INCREASED DEFENSE BUDGET AND PARTICIPATION IN EU PROCUREMENT INITIATIVES TO DRIVE MARKET
 
 
 
 
 
13.4.6
POLAND
 
 
 
 
 
 
 
13.4.6.1
FORCE EXPANSION, ARTILLERY MODERNIZATION, AND INDUSTRIAL OUTPUT TO DRIVE MARKET
 
 
 
 
 
13.4.7
NORWAY
 
 
 
 
 
 
 
13.4.7.1
NATIONAL DEFENSE PLANNING, INDUSTRIAL CAPACITY EXPANSION, AND ARCTIC OPERATIONAL REQUIREMENTS TO DRIVE MARKET
 
 
 
 
 
13.4.8
REST OF EUROPE
 
 
 
 
 
13.5
MIDDLE EAST
 
 
 
 
 
 
 
13.5.1
GCC
 
 
 
 
 
 
 
13.5.1.1
UAE
 
 
 
 
 
 
 
 
13.5.1.1.1
PLANNED PROCUREMENT, DOMESTIC INDUSTRIAL INTEGRATION, AND OPERATIONAL DEPLOYMENTS TO DRIVE MARKET
 
 
 
 
13.5.1.2
SAUDI ARABIA
 
 
 
 
 
 
 
 
13.5.1.2.1
STRUCTURED PROCUREMENT, LOCALIZATION POLICIES, AND OPERATIONAL REQUIREMENTS TO DRIVE MARKET
 
 
 
13.5.2
ISRAEL
 
 
 
 
 
 
 
13.5.2.1
OPERATIONAL REQUIREMENTS AND INTEGRATED DOMESTIC PRODUCTION TO DRIVE MARKET
 
 
 
 
 
13.5.3
TURKEY
 
 
 
 
 
 
 
13.5.3.1
ROBUST DOMESTIC MANUFACTURING CAPACITY TO DRIVE MARKET
 
 
 
 
 
13.5.4
REST OF MIDDLE EAST
 
 
 
 
 
13.6
LATIN AMERICA
 
 
 
 
 
 
 
13.6.1
BRAZIL
 
 
 
 
 
 
 
13.6.1.1
MILITARY MODERNIZATION, INTERNAL SECURITY OPERATIONS, AND EXPORT ACTIVITY TO DRIVE MARKET
 
 
 
 
 
13.6.2
ARGENTINA
 
 
 
 
 
 
 
13.6.2.1
SUSTAINED DEFENSE READINESS AND INTERNAL SECURITY REQUIREMENTS TO DRIVE MARKET
 
 
 
 
 
13.6.3
REST OF LATIN AMERICA
 
 
 
 
 
13.7
AFRICA
 
 
 
 
 
 
 
13.7.1
SOUTH AFRICA
 
 
 
 
 
 
 
13.7.1.1
EXPORT RECOVERY AND REGIONAL SECURITY COMMITMENTS TO DRIVE MARKET
 
 
 
 
 
13.7.2
ALGERIA
 
 
 
 
 
 
 
13.7.2.1
SUSTAINED DEFENSE SPENDING AND BORDER SECURITY OPERATIONS TO DRIVE MARKET
 
 
 
 
 
13.7.3
REST OF AFRICA
 
 
 
 
14
COMPETITIVE LANDSCAPE
Gain insights into market leaders' strategies and emerging players reshaping competitive dynamics.
 
 
 
 
 
418
 
14.1
INTRODUCTION
 
 
 
 
 
 
14.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025
 
 
 
 
 
 
14.3
REVENUE ANALYSIS, 2021–2025
 
 
 
 
 
 
 
14.4
MARKET SHARE ANALYSIS, 2025
 
 
 
 
 
 
 
14.5
BRAND/PRODUCT COMPARISON
 
 
 
 
 
 
 
14.6
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
 
 
14.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2025
 
 
 
 
 
 
 
 
14.7.1
STARS
 
 
 
 
 
 
14.7.2
EMERGING LEADERS
 
 
 
 
 
 
14.7.3
PERVASIVE PLAYERS
 
 
 
 
 
 
14.7.4
PARTICIPANTS
 
 
 
 
 
 
14.7.5
COMPANY FOOTPRINT
 
 
 
 
 
 
 
14.7.5.1
COMPANY FOOTPRINT
 
 
 
 
 
 
14.7.5.2
REGION FOOTPRINT
 
 
 
 
 
 
14.7.5.3
CALIBER FOOTPRINT
 
 
 
 
 
 
14.7.5.4
END USER FOOTPRINT
 
 
 
 
 
 
14.7.5.5
GUIDANCE FOOTPRINT
 
 
 
 
14.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
 
 
 
 
 
 
 
 
14.8.1
PROGRESSIVE COMPANIES
 
 
 
 
 
 
14.8.2
RESPONSIVE COMPANIES
 
 
 
 
 
 
14.8.3
DYNAMIC COMPANIES
 
 
 
 
 
 
14.8.4
STARTING BLOCKS
 
 
 
 
 
 
14.8.5
COMPETITIVE BENCHMARKING
 
 
 
 
 
 
 
14.8.5.1
LIST OF STARTUPS/SMES
 
 
 
 
 
 
14.8.5.2
COMPETITIVE BENCHMARKING OF STARTUPS/SMES
 
 
 
 
14.9
COMPETITIVE SCENARIO
 
 
 
 
 
 
 
14.9.1
PRODUCT LAUNCHES/DEVELOPMENTS
 
 
 
 
 
 
14.9.2
DEALS
 
 
 
 
 
 
14.9.3
OTHER DEVELOPMENTS
 
 
 
 
15
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
 
 
 
 
 
457
 
15.1
KEY PLAYERS
 
 
 
 
 
 
 
15.1.1
BAE SYSTEMS
 
 
 
 
 
 
 
15.1.1.1
BUSINESS OVERVIEW
 
 
 
 
 
 
15.1.1.2
PRODUCTS OFFERED
 
 
 
 
 
 
15.1.1.3
RECENT DEVELOPMENTS
 
 
 
 
 
 
 
 
15.1.1.3.1
PRODUCT LAUNCHES
 
 
 
 
 
 
15.1.1.3.2
DEALS
 
 
 
 
 
 
15.1.1.3.3
OTHER DEVELOPMENTS
 
 
 
 
15.1.1.4
MNM VIEW
 
 
 
 
 
 
 
 
15.1.1.4.1
RIGHT TO WIN
 
 
 
 
 
 
15.1.1.4.2
STRATEGIC CHOICES
 
 
 
 
 
 
15.1.1.4.3
WEAKNESSES AND COMPETITIVE THREATS
 
 
 
15.1.2
NAMMO AS
 
 
 
 
 
 
15.1.3
NORTHROP GRUMMAN
 
 
 
 
 
 
15.1.4
RHEINMETALL AG
 
 
 
 
 
 
15.1.5
GENERAL DYNAMICS CORPORATION
 
 
 
 
 
 
15.1.6
ELBIT SYSTEMS LTD
 
 
 
 
 
 
15.1.7
POONGSAN CORPORATION
 
 
 
 
 
 
15.1.8
THALES
 
 
 
 
 
 
15.1.9
FN HERSTAL
 
 
 
 
 
 
15.1.10
HORNADY
 
 
 
 
 
 
15.1.11
CBC GLOBAL AMMUNITION
 
 
 
 
 
 
15.1.12
HANWHA AEROSPACE
 
 
 
 
 
 
15.1.13
OLIN CORPORATION
 
 
 
 
 
 
15.1.14
SAAB AB
 
 
 
 
 
 
15.1.15
DENEL SOC LTD
 
 
 
 
 
 
15.1.16
ST ENGINEERING
 
 
 
 
 
 
15.1.17
BERETTA HOLDINGS S.A.
 
 
 
 
 
 
15.1.18
CSG
 
 
 
 
 
 
15.1.19
LEONARDO S.P.A.
 
 
 
 
 
 
15.1.20
KNDS
 
 
 
 
 
15.2
OTHER PLAYERS
 
 
 
 
 
 
 
15.2.1
NORINCO
 
 
 
 
 
 
15.2.2
SIERRA BULLETS.
 
 
 
 
 
 
15.2.3
SIG SAUER
 
 
 
 
 
 
15.2.4
EDGE GROUP PLC
 
 
 
 
 
 
15.2.5
ADANI DEFENSE AND AEROSPACE
 
 
 
 
 
 
15.2.6
DIEHL STIFTUNG & CO. KG
 
 
 
 
 
 
15.2.7
PRVI PARTIZAN A.D.
 
 
 
 
 
 
15.2.8
POLSKA GRUPA ZBROJENIOWA (PGZ)
 
 
 
 
 
 
15.2.9
AGUILA AMMUNITION
 
 
 
 
 
 
15.2.10
BLUE HORIZONS STRATEGIC ENGINEERING PVT. LTD.
 
 
 
 
 
 
15.2.11
SSS DEFENCE
 
 
 
 
 
 
15.2.12
TRUE VELOCITY, LLC
 
 
 
 
 
 
15.2.13
BLACK HILLS AMMUNITION
 
 
 
 
16
RESEARCH METHODOLOGY
 
 
 
 
 
559
 
16.1
RESEARCH DATA
 
 
 
 
 
 
 
16.1.1
SECONDARY DATA
 
 
 
 
 
 
 
16.1.1.1
KEY DATA FROM SECONDARY SOURCES
 
 
 
 
 
16.1.2
PRIMARY DATA
 
 
 
 
 
 
 
16.1.2.1
PRIMARY INTERVIEW PARTICIPANTS
 
 
 
 
 
 
16.1.2.2
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
 
 
16.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
 
 
 
 
 
 
16.1.2.4
INSIGHTS FROM INDUSTRY EXPERTS
 
 
 
 
16.2
FACTOR ANALYSIS
 
 
 
 
 
 
 
16.2.1
PHASE 1: VARIABLE DEFINITION AND MARKET SEGMENTATION
 
 
 
 
 
 
 
16.2.1.1
THE DEPENDENT VARIABLE (Y)
 
 
 
 
 
 
16.2.1.2
THE INDEPENDENT VARIABLES (X)
 
 
 
 
 
 
 
 
16.2.1.2.1
SMALL-CALIBER AMMUNITION PROCUREMENT FORECAST: MACRO & MICRO INDICATORS
 
 
 
 
 
 
16.2.1.2.2
MEDIUM-CALIBER AMMUNITION PROCUREMENT FORECAST: MACRO & MICRO INDICATORS
 
 
 
 
 
 
16.2.1.2.3
LARGE-CALIBER AMMUNITION PROCUREMENT FORECAST: MACRO & MICRO INDICATORS
 
 
 
16.2.2
PHASE 2: DATA PRE-PROCESSING AND STANDARDIZATION
 
 
 
 
 
 
 
16.2.2.1
Z-SCORE STANDARDIZATION
 
 
 
 
 
 
16.2.2.2
LOGARITHMIC TRANSFORMATION
 
 
 
 
 
16.2.3
PHASE 3: THE LINEAR REGRESSION MODEL
 
 
 
 
 
 
16.2.4
PHASE 4: INTERPRETATION OF STATISTICAL OUTPUTS
 
 
 
 
 
 
16.2.5
PHASE 5: CONVERSION TO FORECAST WEIGHTS
 
 
 
 
 
16.3
PHASE 6: APPLICATION TO 2026–2031 MARKET SIZING
 
 
 
 
 
 
 
16.3.1
PHASE 7: SEGMENT-WISE ADOPTION MATRIX
 
 
 
 
 
 
 
16.3.1.1
END USER ADOPTION MATRIX
 
 
 
 
 
 
16.3.1.2
GUIDANCE TECHNOLOGY PENETRATION MATRIX
 
 
 
 
 
 
16.3.1.3
COMPONENT BILL OF MATERIALS (BOM) COST BREAKDOWN
 
 
 
 
16.4
DEMAND-SIDE INDICATORS
 
 
 
 
 
 
 
16.4.1
SUPPLY-SIDE INDICATORS
 
 
 
 
 
 
16.4.2
MARKET SIZE ESTIMATION
 
 
 
 
 
 
16.4.3
BOTTOM-UP APPROACH
 
 
 
 
 
 
 
16.4.3.1
MARKET SIZE ESTIMATION METHODOLOGY
 
 
 
 
16.5
TOP-DOWN APPROACH
 
 
 
 
 
 
16.6
DATA TRIANGULATION
 
 
 
 
 
 
16.7
RESEARCH ASSUMPTIONS
 
 
 
 
 
 
16.8
RESEARCH LIMITATIONS
 
 
 
 
 
 
16.9
RISK ASSESSMENT
 
 
 
 
 
17
APPENDIX
 
 
 
 
 
578
 
17.1
DISCUSSION GUIDE
 
 
 
 
 
 
17.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
 
 
17.3
CUSTOMIZATION OPTIONS
 
 
 
 
 
 
17.4
RELATED REPORTS
 
 
 
 
 
 
17.5
AUTHOR DETAILS
 
 
 
 
 
LIST OF TABLES
 
 
 
 
 
 
 
TABLE 1
USD EXCHANGE RATES, 2021–2025
 
 
 
 
 
 
TABLE 2
STRATEGIC MOVES BY TIER 1, 2, AND 3 PLAYERS
 
 
 
 
 
 
TABLE 3
GDP PERCENTAGE CHANGE, BY COUNTRY, 2021–2030
 
 
 
 
 
 
TABLE 4
ROLE OF COMPANIES IN ECOSYSTEM
 
 
 
 
 
 
TABLE 5
IMPORT DATA FOR HS CODE 9306-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2025 (USD THOUSAND)
 
 
 
 
 
 
TABLE 6
EXPORT DATA FOR HS CODE 9306-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2025 (USD THOUSAND)
 
 
 
 
 
 
TABLE 7
KEY CONFERENCES AND EVENTS, 2026-2027
 
 
 
 
 
 
TABLE 8
AVERAGE SELLING PRICE OF AMMUNITION, BY KEY PLAYERS, 2019-2025 (USD PER ROUND)
 
 
 
 
 
 
TABLE 9
AVERAGE SELLING PRICE TREND, BY REGION, 2019-2025 (USD)
 
 
 
 
 
 
TABLE 10
AMMUNITION MARKET, BY SMALL CALIBER, 2021–2025 (UNITS)
 
 
 
 
 
 
TABLE 11
AMMUNITION MARKET, BY SMALL CALIBER, 2025–2031 (UNITS)
 
 
 
 
 
 
TABLE 12
AMMUNITION MARKET, BY MEDIUM CALIBER, 2021–2025 (UNITS)
 
 
 
 
 
 
TABLE 13
AMMUNITION MARKET, BY MEDIUM CALIBER, 2025–2031 (UNITS)
 
 
 
 
 
 
TABLE 14
AMMUNITION MARKET, BY LARGE CALIBER, 2021–2025 (UNITS)
 
 
 
 
 
 
TABLE 15
AMMUNITION MARKET, BY LARGE CALIBER, 2025–2031 (UNITS)
 
 
 
 
 
 
TABLE 16
TOTAL COST OF OWNERSHIP OF AMMUNITION
 
 
 
 
 
 
TABLE 17
US ADJUSTED RECIPROCAL TARIFF RATES
 
 
 
 
 
 
TABLE 18
KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR AMMUNITION MARKET
 
 
 
 
 
 
TABLE 19
EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END-USE MARKET DUE TO TARIFF IMPACT
 
 
 
 
 
 
TABLE 20
SMALL-CALIBER RIFLE/MACHINE GUN BULLETS: BILL OF MATERIALS SHARE
 
 
 
 
 
 
TABLE 21
SMALL-CALIBER SNIPER-HEAVY MACHINE GUN ROUNDS: BILL OF MATERIALS SHARE
 
 
 
 
 
 
TABLE 22
MEDIUM-CALIBER AUTOCANNON ROUNDS: BILL OF MATERIALS SHARE
 
 
 
 
 
 
TABLE 23
MEDIUM-CALIBER 40 MM GRENADES: BILL OF MATERIALS SHARE
 
 
 
 
 
 
TABLE 24
LARGE-CALIBER UNGUIDED 155MM ARTILLERY: BILL OF MATERIALS SHARE
 
 
 
 
 
 
TABLE 25
LARGE-CALIBER 155MM GUIDED ARTILLERY: BILL OF MATERIALS SHARE
 
 
 
 
 
 
TABLE 26
LARGE-CALIBER 120 MM TANK AMMUNITION: BILL OF MATERIALS SHARE
 
 
 
 
 
 
TABLE 27
LARGE-CALIBER MORTAR AMMUNITION: BILL OF MATERIALS SHARE
 
 
 
 
 
 
TABLE 28
LARGE-CALIBER ROCKET ARTILLERY 122MM UNGUIDED: BILL OF MATERIALS SHARE
 
 
 
 
 
 
TABLE 29
AMMUNITION MARKET, BY CALIBER, 2021–2025 (UNITS)
 
 
 
 
 
 
TABLE 30
AMMUNITION MARKET, BY CALIBER, 2026–2031 (UNITS)
 
 
 
 
 
 
TABLE 31
AMMUNITION MARKET, BY END USER, 2021–2025 (UNITS)
 
 
 
 
 
 
TABLE 32
AMMUNITION MARKET, BY END-USER, 2026–2031 (UNITS)
 
 
 
 
 
 
TABLE 33
AMMUNITION MARKET, BY MILITARY, 2021–2025 (UNITS)
 
 
 
 
 
 
TABLE 34
AMMUNITION MARKET, BY MILITARY, 2026–2031 (UNITS)
 
 
 
 
 
 
TABLE 35
AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2021–2025 (UNITS)
 
 
 
 
 
 
TABLE 36
AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2026–2031 (UNITS)
 
 
 
 
 
 
TABLE 37
AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (UNITS)
 
 
 
 
 
 
TABLE 38
AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (UNITS)
 
 
 
 
 
 
TABLE 39
AMMUNITION MARKET, BY REGION, 2021–2025 (UNITS)
 
 
 
 
 
 
TABLE 40
AMMUNITION MARKET, BY REGION, 2026–2031 (UNITS)
 
 
 
 
 
 
TABLE 41
LIST OF MAJOR PATENTS FOR AMMUNITION (2023-2025)
 
 
 
 
 
 
TABLE 42
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
 
 
TABLE 43
BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES
 
 
 
 
 
 
TABLE 44
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
 
 
TABLE 45
NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 46
EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 47
ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 48
MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 49
REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 50
GLOBAL INDUSTRY STANDARDS IN AMMUNITION MARKET
 
 
 
 
 
 
TABLE 51
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR AMMUNITION, BY END USER (%)
 
 
 
 
 
 
TABLE 52
KEY BUYING CRITERIA FOR AMMUNITION MARKET, BY END USER
 
 
 
 
 
 
TABLE 53
AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 54
AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 55
SMALL-CALIBER AMMUNITION MARKET, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 56
SMALL-CALIBER AMMUNITION MARKET, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 57
SMALL-CALIBER AMMUNITION MARKET, BY RIFLE AND MACHINE GUN ROUNDS, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 58
SMALL-CALIBER AMMUNITION MARKET, BY RIFLE AND MACHINE GUN ROUNDS, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 59
SMALL-CALIBER AMMUNITION MARKET, BY HANDGUN ROUNDS, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 60
SMALL-CALIBER AMMUNITION MARKET, BY HANDGUN ROUNDS, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 61
SMALL-CALIBER AMMUNITION MARKET, BY SNIPER ROUNDS, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 62
SMALL-CALIBER AMMUNITION MARKET, BY SNIPER ROUNDS, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 63
SMALL-CALIBER AMMUNITION MARKET, BY HEAVY MACHINE GUN ROUNDS, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 64
SMALL-CALIBER AMMUNITION MARKET, BY HEAVY MACHINE GUN ROUNDS, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 65
SMALL-CALIBER AMMUNITION MARKET, BY SHOTGUN ROUNDS, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 66
SMALL-CALIBER AMMUNITION MARKET, BY SHOTGUN ROUNDS, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 67
MEDIUM-CALIBER AMMUNITION MARKET, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 68
MEDIUM-CALIBER AMMUNITION MARKET, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 69
MEDIUM-CALIBER AMMUNITION MARKET, BY AUTOCANNON ROUNDS, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 70
MEDIUM-CALIBER AMMUNITION MARKET, BY AUTOCANNON ROUNDS, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 71
MEDIUM-CALIBER AMMUNITION MARKET, BY LAUNCHED GRENADES, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 72
MEDIUM-CALIBER AMMUNITION MARKET, BY LAUNCHED GRENADES, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 73
LARGE-CALIBER AMMUNITION MARKET, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 74
LARGE-CALIBER AMMUNITION MARKET, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 75
LARGE-CALIBER AMMUNITION MARKET, BY ARTILLERY AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 76
LARGE-CALIBER AMMUNITION MARKET, BY ARTILLERY AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 77
LARGE-CALIBER AMMUNITION MARKET, BY TANK AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 78
LARGE-CALIBER AMMUNITION MARKET, BY TANK AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 79
LARGE-CALIBER AMMUNITION MARKET, BY MORTAR AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 80
LARGE-CALIBER AMMUNITION MARKET, BY MORTAR AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 81
LARGE-CALIBER AMMUNITION MARKET, BY NAVAL AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 82
LARGE-CALIBER AMMUNITION MARKET, BY NAVAL AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 83
LARGE-CALIBER AMMUNITION MARKET, BY ROCKET ARTILLERY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 84
LARGE-CALIBER AMMUNITION MARKET, BY ROCKET ARTILLERY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 85
AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 86
AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 87
AMMUNITION MARKET, BY FUZES, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 88
AMMUNITION MARKET, BY FUZES, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 89
AMMUNITION MARKET, BY PRIMERS, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 90
AMMUNITION MARKET, BY PRIMERS, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 91
AMMUNITION MARKET, BY PROPELLANTS, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 92
AMMUNITION MARKET, BY PROPELLANTS, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 93
AMMUNITION MARKET, BY PROJECTILES AND WARHEADS, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 94
AMMUNITION MARKET, BY PROJECTILES AND WARHEADS, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 95
AMMUNITION MARKET, BY CARTRIDGE CASES, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 96
AMMUNITION MARKET, BY CARTRIDGE CASES, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 97
AMMUNITION MARKET, BY OTHER COMPONENTS, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 98
AMMUNITION MARKET, BY OTHER COMPONENTS, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 99
AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 100
AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 101
AMMUNITION MARKET, BY MILITARY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 102
AMMUNITION MARKET, BY MILITARY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 103
AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 104
AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 105
AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 106
AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 107
AMMUNITION MARKET, BY REGION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 108
AMMUNITION MARKET, BY REGION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 109
NORTH AMERICA: AMMUNITION MARKET, BY COUNTRY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 110
NORTH AMERICA: AMMUNITION MARKET, BY COUNTRY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 111
NORTH AMERICA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 112
NORTH AMERICA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 113
NORTH AMERICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 114
NORTH AMERICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 115
NORTH AMERICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 116
NORTH AMERICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 117
NORTH AMERICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 118
NORTH AMERICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 119
NORTH AMERICA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 120
NORTH AMERICA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 121
NORTH AMERICA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 122
NORTH AMERICA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 123
NORTH AMERICA: AMMUNITION MARKET, BY MILITARY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 124
NORTH AMERICA: AMMUNITION MARKET, BY MILITARY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 125
NORTH AMERICA: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 126
NORTH AMERICA: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 127
NORTH AMERICA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 128
NORTH AMERICA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 129
NORTH AMERICA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 130
NORTH AMERICA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 131
US: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 132
US: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 133
US: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 134
US: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 135
US: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 136
US: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 137
US: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 138
US: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 139
US: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 140
US: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 141
US: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 142
US: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 143
US: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 144
US: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 145
US: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 146
US: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 147
CANADA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 148
CANADA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 149
CANADA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 150
CANADA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 151
CANADA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 152
CANADA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 153
CANADA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 154
CANADA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 155
CANADA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 156
CANADA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 157
CANADA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 158
CANADA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 159
CANADA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 160
CANADA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 161
CANADA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 162
CANADA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 163
MEXICO: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 164
MEXICO: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 165
MEXICO: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 166
MEXICO: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 167
MEXICO: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 168
MEXICO: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 169
MEXICO: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 170
MEXICO: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 171
MEXICO: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 172
MEXICO: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 173
MEXICO: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 174
MEXICO: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 175
MEXICO: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 176
MEXICO: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 177
MEXICO: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 178
MEXICO: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 179
ASIA PACIFIC: AMMUNITION MARKET, BY COUNTRY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 180
ASIA PACIFIC: AMMUNITION MARKET, BY COUNTRY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 181
ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 182
ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 183
ASIA PACIFIC: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 184
ASIA PACIFIC: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 185
ASIA PACIFIC: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 186
ASIA PACIFIC: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 187
ASIA PACIFIC: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 188
ASIA PACIFIC: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 189
ASIA PACIFIC: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 190
ASIA PACIFIC: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 191
ASIA PACIFIC: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 192
ASIA PACIFIC: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 193
ASIA PACIFIC: AMMUNITION MARKET, BY MILITARY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 194
ASIA PACIFIC: AMMUNITION MARKET, BY MILITARY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 195
ASIA PACIFIC: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 196
ASIA PACIFIC: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 197
ASIA PACIFIC: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 198
ASIA PACIFIC: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 199
ASIA PACIFIC: AMMUNITION MARKET, COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 200
ASIA PACIFIC: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 201
CHINA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 202
CHINA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 203
CHINA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 204
CHINA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 205
CHINA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 206
CHINA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 207
CHINA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 208
CHINA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 209
CHINA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 210
CHINA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 211
CHINA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 212
CHINA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 213
CHINA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 214
CHINA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 215
CHINA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 216
CHINA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 217
JAPAN: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 218
JAPAN: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 219
JAPAN: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 220
JAPAN: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 221
JAPAN: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 222
JAPAN: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 223
JAPAN: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 224
JAPAN: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 225
JAPAN: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 226
JAPAN: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 227
JAPAN: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 228
JAPAN: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 229
JAPAN: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 230
JAPAN: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 231
JAPAN: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 232
JAPAN: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 233
INDIA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 234
INDIA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 235
INDIA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 236
INDIA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 237
INDIA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 238
INDIA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 239
INDIA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 240
INDIA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 241
INDIA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 242
INDIA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 243
INDIA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 244
INDIA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 245
INDIA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 246
INDIA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 247
INDIA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 248
INDIA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 249
SOUTH KOREA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 250
SOUTH KOREA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 251
SOUTH KOREA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 252
SOUTH KOREA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 253
SOUTH KOREA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 254
SOUTH KOREA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 255
SOUTH KOREA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 256
SOUTH KOREA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 257
SOUTH KOREA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 258
SOUTH KOREA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 259
SOUTH KOREA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 260
SOUTH KOREA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 261
SOUTH KOREA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 262
SOUTH KOREA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 263
SOUTH KOREA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 264
SOUTH KOREA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 265
AUSTRALIA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 266
AUSTRALIA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 267
AUSTRALIA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 268
AUSTRALIA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 269
AUSTRALIA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 270
AUSTRALIA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 271
AUSTRALIA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 272
AUSTRALIA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 273
AUSTRALIA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 274
AUSTRALIA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 275
AUSTRALIA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 276
AUSTRALIA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 277
AUSTRALIA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 278
AUSTRALIA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 279
AUSTRALIA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 280
AUSTRALIA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 281
INDONESIA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 282
INDONESIA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 283
INDONESIA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 284
INDONESIA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 285
INDONESIA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 286
INDONESIA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 287
INDONESIA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 288
INDONESIA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 289
INDONESIA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 290
INDONESIA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 291
INDONESIA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 292
INDONESIA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 293
INDONESIA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 294
INDONESIA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 295
INDONESIA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 296
INDONESIA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 297
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 298
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 299
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 300
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 301
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 302
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 303
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 304
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 305
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 306
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 307
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 308
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 309
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 310
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 311
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 312
REST OF ASIA PACIFIC: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 313
EUROPE: AMMUNITION MARKET, BY COUNTRY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 314
EUROPE: AMMUNITION MARKET, BY COUNTRY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 315
EUROPE: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 316
EUROPE: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 317
EUROPE: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 318
EUROPE: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 319
EUROPE: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 320
EUROPE: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 321
EUROPE: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 322
EUROPE: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 323
EUROPE: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 324
EUROPE: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 325
EUROPE: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 326
EUROPE: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 327
EUROPE: AMMUNITION MARKET, BY MILITARY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 328
EUROPE: AMMUNITION MARKET, BY MILITARY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 329
EUROPE: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 330
EUROPE: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 331
EUROPE: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 332
EUROPE: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 333
EUROPE: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 334
EUROPE: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 335
GERMANY: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 336
GERMANY: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 337
GERMANY: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 338
GERMANY: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 339
GERMANY: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 340
GERMANY: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 341
GERMANY: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 342
GERMANY: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 343
GERMANY: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 344
GERMANY: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 345
GERMANY: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 346
GERMANY: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 347
GERMANY: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 348
GERMANY: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 349
GERMANY: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 350
GERMANY: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 351
FRANCE: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 352
FRANCE: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 353
FRANCE: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 354
FRANCE: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 355
FRANCE: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 356
FRANCE: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 357
FRANCE: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 358
FRANCE: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 359
FRANCE: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 360
FRANCE: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 361
FRANCE: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 362
FRANCE: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 363
FRANCE: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 364
FRANCE: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 365
FRANCE: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 366
FRANCE: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 367
UK: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 368
UK: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 369
UK: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 370
UK: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 371
UK: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 372
UK: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 373
UK: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 374
UK: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 375
UK: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 376
UK: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 377
UK: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 378
UK: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 379
UK: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 380
UK: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 381
UK: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 382
UK: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 383
ITALY: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 384
ITALY: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 385
ITALY: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 386
ITALY: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 387
ITALY: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 388
ITALY: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 389
ITALY: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 390
ITALY: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 391
ITALY: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 392
ITALY: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 393
ITALY: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 394
ITALY: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 395
ITALY: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 396
ITALY: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 397
ITALY: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 398
ITALY: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 399
SPAIN: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 400
SPAIN: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 401
SPAIN: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 402
SPAIN: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 403
SPAIN: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 404
SPAIN: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 405
SPAIN: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 406
SPAIN: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 407
SPAIN: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 408
SPAIN: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 409
SPAIN: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 410
SPAIN: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 411
SPAIN: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 412
SPAIN: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 413
SPAIN: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 414
SPAIN: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 415
POLAND: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 416
POLAND: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 417
POLAND: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 418
POLAND: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 419
POLAND: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 420
POLAND: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 421
POLAND: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 422
POLAND: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 423
POLAND: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 424
POLAND: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 425
POLAND: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 426
POLAND: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 427
POLAND: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 428
POLAND: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 429
POLAND: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 430
POLAND: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 431
NORWAY: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 432
NORWAY: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 433
NORWAY: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 434
NORWAY: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 435
NORWAY: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 436
NORWAY: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 437
NORWAY: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 438
NORWAY: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 439
NORWAY: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 440
NORWAY: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 441
NORWAY: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 442
NORWAY: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 443
NORWAY: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 444
NORWAY: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 445
NORWAY: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 446
NORWAY: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 447
REST OF EUROPE: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 448
REST OF EUROPE: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 449
REST OF EUROPE: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 450
REST OF EUROPE: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 451
REST OF EUROPE: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 452
REST OF EUROPE: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 453
REST OF EUROPE: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 454
REST OF EUROPE: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 455
REST OF EUROPE: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 456
REST OF EUROPE: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 457
REST OF EUROPE: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 458
REST OF EUROPE: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 459
REST OF EUROPE: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 460
REST OF EUROPE: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 461
REST OF EUROPE: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 462
REST OF EUROPE: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 463
MIDDLE EAST: AMMUNITION MARKET, BY COUNTRY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 464
MIDDLE EAST: AMMUNITION MARKET, BY COUNTRY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 465
MIDDLE EAST: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 466
MIDDLE EAST: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 467
MIDDLE EAST: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 468
MIDDLE EAST: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 469
MIDDLE EAST: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 470
MIDDLE EAST: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 471
MIDDLE EAST: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 472
MIDDLE EAST: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 473
MIDDLE EAST: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 474
MIDDLE EAST: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 475
MIDDLE EAST: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 476
MIDDLE EAST: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 477
MIDDLE EAST: AMMUNITION MARKET, BY MILITARY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 478
MIDDLE EAST: AMMUNITION MARKET, BY MILITARY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 479
MIDDLE EAST: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 480
MIDDLE EAST: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 481
MIDDLE EAST: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 482
MIDDLE EAST: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 483
MIDDLE EAST: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 484
MIDDLE EAST: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 485
UAE: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 486
UAE: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 487
UAE: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 488
UAE: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 489
UAE: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 490
UAE: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 491
UAE: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 492
UAE: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 493
UAE: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 494
UAE: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 495
UAE: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 496
UAE: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 497
UAE: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 498
UAE: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 499
UAE: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 500
UAE: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 501
SAUDI ARABIA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 502
SAUDI ARABIA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 503
SAUDI ARABIA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 504
SAUDI ARABIA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 505
SAUDI ARABIA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 506
SAUDI ARABIA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 507
SAUDI ARABIA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 508
SAUDI ARABIA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 509
SAUDI ARABIA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 510
SAUDI ARABIA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 511
SAUDI ARABIA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 512
SAUDI ARABIA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 513
SAUDI ARABIA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 514
SAUDI ARABIA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 515
SAUDI ARABIA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 516
SAUDI ARABIA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 517
ISRAEL: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 518
ISRAEL: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 519
ISRAEL: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 520
ISRAEL: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 521
ISRAEL: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 522
ISRAEL: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 523
ISRAEL: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 524
ISRAEL: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 525
ISRAEL: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 526
ISRAEL: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 527
ISRAEL: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 528
ISRAEL: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 529
ISRAEL: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 530
ISRAEL: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 531
ISRAEL: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 532
ISRAEL: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 533
TURKEY: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 534
TURKEY: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 535
TURKEY: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 536
TURKEY: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 537
TURKEY: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 538
TURKEY: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 539
TURKEY: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 540
TURKEY: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 541
TURKEY: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 542
TURKEY: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 543
TURKEY: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 544
TURKEY: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 545
TURKEY: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 546
TURKEY: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 547
TURKEY: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 548
TURKEY: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 549
REST OF MIDDLE EAST: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 550
REST OF MIDDLE EAST: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 551
REST OF MIDDLE EAST: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 552
REST OF MIDDLE EAST: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 553
REST OF MIDDLE EAST: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 554
REST OF MIDDLE EAST: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 555
REST OF MIDDLE EAST: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 556
REST OF MIDDLE EAST: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 557
REST OF MIDDLE EAST: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 558
REST OF MIDDLE EAST: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 559
REST OF MIDDLE EAST: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 560
REST OF MIDDLE EAST: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 561
REST OF MIDDLE EAST: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 562
REST OF MIDDLE EAST: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 563
REST OF MIDDLE EAST: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 564
REST OF MIDDLE EAST: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 565
LATIN AMERICA: AMMUNITION MARKET, BY COUNTRY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 566
LATIN AMERICA: AMMUNITION MARKET, BY COUNTRY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 567
LATIN AMERICA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 568
LATIN AMERICA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 569
LATIN AMERICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 570
LATIN AMERICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 571
LATIN AMERICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 572
LATIN AMERICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 573
LATIN AMERICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 574
LATIN AMERICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 575
LATIN AMERICA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 576
LATIN AMERICA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 577
LATIN AMERICA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 578
LATIN AMERICA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 579
LATIN AMERICA: AMMUNITION MARKET, BY MILITARY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 580
LATIN AMERICA: AMMUNITION MARKET, BY MILITARY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 581
LATIN AMERICA: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 582
LATIN AMERICA: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 583
LATIN AMERICA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 584
LATIN AMERICA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 585
LATIN AMERICA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 586
LATIN AMERICA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 587
BRAZIL: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 588
BRAZIL: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 589
BRAZIL: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 590
BRAZIL: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 591
BRAZIL: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 592
BRAZIL: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 593
BRAZIL: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 594
BRAZIL: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 595
BRAZIL: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 596
BRAZIL: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 597
BRAZIL: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 598
BRAZIL: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 599
BRAZIL: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 600
BRAZIL: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 601
BRAZIL: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 602
BRAZIL: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 603
ARGENTINA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 604
ARGENTINA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 605
ARGENTINA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 606
ARGENTINA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 607
ARGENTINA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 608
ARGENTINA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 609
ARGENTINA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 610
ARGENTINA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 611
ARGENTINA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 612
ARGENTINA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 613
ARGENTINA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 614
ARGENTINA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 615
ARGENTINA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 616
ARGENTINA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 617
ARGENTINA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 618
ARGENTINA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 619
REST OF LATIN AMERICA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 620
REST OF LATIN AMERICA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 621
REST OF LATIN AMERICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 622
REST OF LATIN AMERICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 623
REST OF LATIN AMERICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 624
REST OF LATIN AMERICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 625
REST OF LATIN AMERICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 626
REST OF LATIN AMERICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 627
REST OF LATIN AMERICA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 628
REST OF LATIN AMERICA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 629
REST OF LATIN AMERICA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 630
REST OF LATIN AMERICA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 631
REST OF LATIN AMERICA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 632
REST OF LATIN AMERICA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 633
REST OF LATIN AMERICA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 634
REST OF LATIN AMERICA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 635
AFRICA: AMMUNITION MARKET, BY COUNTRY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 636
AFRICA: AMMUNITION MARKET, BY COUNTRY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 637
AFRICA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 638
AFRICA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 639
AFRICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 640
AFRICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 641
AFRICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 642
AFRICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 643
AFRICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 644
AFRICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 645
AFRICA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 646
AFRICA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 647
AFRICA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 648
AFRICA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 649
AFRICA: AMMUNITION MARKET, BY MILITARY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 650
AFRICA: AMMUNITION MARKET, BY MILITARY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 651
AFRICA: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 652
AFRICA: AMMUNITION MARKET, BY LAW ENFORCEMENT/HOMELAND SECURITY, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 653
AFRICA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 654
AFRICA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 655
AFRICA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 656
AFRICA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 657
SOUTH AFRICA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 658
SOUTH AFRICA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 659
SOUTH AFRICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 660
SOUTH AFRICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 661
SOUTH AFRICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 662
SOUTH AFRICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 663
SOUTH AFRICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 664
SOUTH AFRICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 665
SOUTH AFRICA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 666
SOUTH AFRICA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 667
SOUTH AFRICA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 668
SOUTH AFRICA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 669
SOUTH AFRICA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 670
SOUTH AFRICA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 671
SOUTH AFRICA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 672
SOUTH AFRICA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 673
ALGERIA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 674
ALGERIA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 675
ALGERIA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 676
ALGERIA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 677
ALGERIA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 678
ALGERIA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 679
ALGERIA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 680
ALGERIA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 681
ALGERIA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 682
ALGERIA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 683
ALGERIA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 684
ALGERIA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 685
ALGERIA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 686
ALGERIA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 687
ALGERIA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 688
ALGERIA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 689
REST OF AFRICA: AMMUNITION MARKET, BY CALIBER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 690
REST OF AFRICA: AMMUNITION MARKET, BY CALIBER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 691
REST OF AFRICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 692
REST OF AFRICA: AMMUNITION MARKET, BY SMALL-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 693
REST OF AFRICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 694
REST OF AFRICA: AMMUNITION MARKET, BY MEDIUM-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 695
REST OF AFRICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 696
REST OF AFRICA: AMMUNITION MARKET, BY LARGE-CALIBER AMMUNITION, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 697
REST OF AFRICA: AMMUNITION MARKET, BY PRODUCT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 698
REST OF AFRICA: AMMUNITION MARKET, BY PRODUCT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 699
REST OF AFRICA: AMMUNITION MARKET, BY END USER, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 700
REST OF AFRICA: AMMUNITION MARKET, BY END USER, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 701
REST OF AFRICA: AMMUNITION MARKET, BY GUIDANCE, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 702
REST OF AFRICA: AMMUNITION MARKET, BY GUIDANCE, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 703
REST OF AFRICA: AMMUNITION MARKET, BY COMPONENT, 2021–2025 (USD MILLION)
 
 
 
 
 
 
TABLE 704
REST OF AFRICA: AMMUNITION MARKET, BY COMPONENT, 2026–2031 (USD MILLION)
 
 
 
 
 
 
TABLE 705
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025
 
 
 
 
 
 
TABLE 706
AMMUNITION MARKET: DEGREE OF COMPETITION
 
 
 
 
 
 
TABLE 707
AMMUNITION MARKET: REGION FOOTPRINT
 
 
 
 
 
 
TABLE 708
AMMUNITION MARKET: CALIBER FOOTPRINT
 
 
 
 
 
 
TABLE 709
AMMUNITION MARKET: END USER FOOTPRINT
 
 
 
 
 
 
TABLE 710
AMMUNITION MARKET: GUIDANCE FOOTPRINT
 
 
 
 
 
 
TABLE 711
AMMUNITION MARKET: LIST OF STARTUPS/SMES
 
 
 
 
 
 
TABLE 712
AMMUNITION MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
 
 
 
 
 
 
TABLE 713
AMMUNITION MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, JANUARY 2021–JANUARY 2026
 
 
 
 
 
 
TABLE 714
AMMUNITION MARKET: DEALS, JANUARY 2021–JANUARY 2026
 
 
 
 
 
 
TABLE 715
AMMUNITION MARKET: OTHER DEVELOPMENTS, JANUARY 2021–JANUARY 2026
 
 
 
 
 
 
TABLE 716
BAE SYSTEMS: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 717
BAE SYSTEMS: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 718
BAE SYSTEMS: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 719
BAE SYSTEMS: DEALS
 
 
 
 
 
 
TABLE 720
BAE SYSTEMS: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 721
NAMMO AS: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 722
NAMMO AS: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 723
NAMMO AS: DEALS
 
 
 
 
 
 
TABLE 724
NAMMO AS: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 725
NORTHROP GRUMMAN: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 726
NORTHROP GRUMMAN: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 727
NORTHROP GRUMMAN: DEALS
 
 
 
 
 
 
TABLE 728
NORTHROP GRUMMAN: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 729
RHEINMETALL AG: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 730
RHEINMETALL AG: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 731
RHEINMETALL AG: DEALS
 
 
 
 
 
 
TABLE 732
RHEINMETALL AG: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 733
GENERAL DYNAMICS CORPORATION: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 734
GENERAL DYNAMICS CORPORATION: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 735
GENERAL DYNAMICS CORPORATION: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 736
ELBIT SYSTEMS LTD: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 737
ELBIT SYSTEMS LTD: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 738
ELBIT SYSTEMS LTD: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 739
POONGSAN CORPORATION: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 740
POONGSAN CORPORATION: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 741
POONGSAN CORPORATION: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 742
POONGSAN CORPORATION: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 743
THALES: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 744
THALES: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 745
THALES: DEALS
 
 
 
 
 
 
TABLE 746
THALES: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 747
FN HERSTAL: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 748
FN HERSTAL: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 749
FN HERSTAL: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 750
FN HERSTAL: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 751
HORNADY: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 752
HORNADY: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 753
HORNADY: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 754
CBC GLOBAL AMMUNITION: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 755
CBC GLOBAL AMMUNITION: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 756
CBC GLOBAL AMMUNITION: DEALS
 
 
 
 
 
 
TABLE 757
HANWHA AEROSPACE: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 758
HANWHA AEROSPACE: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 759
HANWHA AEROSPACE: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 760
OLIN CORPORATION: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 761
OLIN CORPORATION.: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 762
OLIN CORPORATION: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 763
OLIN CORPORATION: DEALS
 
 
 
 
 
 
TABLE 764
OLIN CORPORATION: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 765
SAAB AB: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 766
SAAB AB: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 767
SAAB AB: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 768
DENEL SOC LTD: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 769
DENEL SOC LTD: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 770
DENEL SOC LTD: DEALS
 
 
 
 
 
 
TABLE 771
DENEL SOC LTD: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 772
ST ENGINEERING: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 773
ST ENGINEERING: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 774
ST ENGINEERING: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 775
BERETTA HOLDINGS S.A.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 776
BERETTA HOLDINGS S.A.: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 777
BERETTA HOLDINGS S.A.: DEALS
 
 
 
 
 
 
TABLE 778
CSG: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 779
CSG: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 780
CSG: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 781
LEONARDO S.P.A.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 782
LEONARDO S.P.A.: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 783
LEONARDO S.P.A.: DEALS
 
 
 
 
 
 
TABLE 784
LEONARDO S.P.A.: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 785
KNDS: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 786
KNDS: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 787
KNDS: DEALS
 
 
 
 
 
 
TABLE 788
KNDS: OTHER DEVELOPMENTS
 
 
 
 
 
 
TABLE 789
NORINCO: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 790
SIERRA BULLETS.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 791
SIG SAUER: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 792
EDGE GROUP PLC: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 793
ADANI DEFENSE AND AEROSPACE: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 794
DIEHL STIFTUNG & CO. KG: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 795
PRVI PARTIZAN A.D.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 796
POLSKA GRUPA ZBROJENIOWA (PGZ): COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 797
AGUILA AMMUNITION: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 798
BLUE HORIZONS STRATEGIC ENGINEERING PVT. LTD.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 799
SSS DEFENCE: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 800
TRUE VELOCITY, LLC: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 801
BLACK HILLS AMMUNITION: COMPANY OVERVIEW
 
 
 
 
 
 
LIST OF FIGURES
 
 
 
 
 
 
 
FIGURE 1
MARKET SCENARIO
 
 
 
 
 
 
FIGURE 2
AMMUNITION MARKET, 2021-2031
 
 
 
 
 
 
FIGURE 3
MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN AMMUNITION MARKET
 
 
 
 
 
 
FIGURE 4
HIGH-GROWTH SEGMENTS IN AMMUNITION MARKET
 
 
 
 
 
 
FIGURE 5
EUROPE TO BE FASTEST-GROWING REGIONAL MARKET DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 6
RISING DEFENSE SPENDING AND STOCKPILE REPLENISHMENT TO DRIVE GROWTH
 
 
 
 
 
 
FIGURE 7
LARGE CALIBER TO BE LEADING SEGMENT DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 8
MILITARY TO BE DOMINANT SEGMENT DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 9
PROJECTILES AND WARHEADS TO BE LEADING SEGMENT DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 10
NON-GUIDED TO BE LARGER SEGMENT THAN GUIDED IN 2026
 
 
 
 
 
 
FIGURE 11
AMMUNITION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
 
 
 
 
 
 
FIGURE 12
VALUE CHAIN ANALYSIS
 
 
 
 
 
 
FIGURE 13
ECOSYSTEM ANALYSIS
 
 
 
 
 
 
FIGURE 14
IMPORT DATA FOR HS CODE 9306-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2025 (USD THOUSAND)
 
 
 
 
 
 
FIGURE 15
EXPORT DATA FOR HS CODE 9306-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2025 (USD THOUSAND)
 
 
 
 
 
 
FIGURE 16
TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
 
 
FIGURE 17
INVESTMENT AND FUNDING SCENARIO, 2021–2025
 
 
 
 
 
 
FIGURE 18
SMALL CALIBER PRICING, BY REGION, 2019–2025
 
 
 
 
 
 
FIGURE 19
MEDIUM-CALIBER AMMUNITION PRICING, BY REGION, 2019–2025
 
 
 
 
 
 
FIGURE 20
LARGE-CALIBER AMMUNITION PRICING, BY REGION, 2019–2025
 
 
 
 
 
 
FIGURE 21
TECHNOLOGY ROADMAP (2020-2035)
 
 
 
 
 
 
FIGURE 22
EMERGING TECHNOLOGY TRENDS
 
 
 
 
 
 
FIGURE 23
PATENT ANALYSIS, 2015-2025
 
 
 
 
 
 
FIGURE 24
FUTURE APPLICATIONS
 
 
 
 
 
 
FIGURE 25
AMMUNITION MARKET: IMPACT OF AI/GENERATIVE AI
 
 
 
 
 
 
FIGURE 26
AMMUNITION MARKET: DECISION-MAKING FACTORS
 
 
 
 
 
 
FIGURE 27
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
 
 
 
 
 
 
FIGURE 28
KEY BUYING CRITERIA FOR AMMUNITION, BY END USER
 
 
 
 
 
 
FIGURE 29
ADOPTION BARRIERS & INTERNAL CHALLENGES
 
 
 
 
 
 
FIGURE 30
LARGE-CALIBER AMMUNITION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 31
PROJECTILES AND WARHEADS TO DOMINATE MARKET DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 32
MILITARY TO WITNESS HIGHER CAGR THAN LAW ENFORCEMENT/HOMELAND SECURITY DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 33
GUIDED SEGMENT TO WITNESS HIGHER CAGR THAN NON-GUIDED SEGMENT DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 34
EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2026
 
 
 
 
 
 
FIGURE 35
NORTH AMERICA: AMMUNITION MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 36
ASIA PACIFIC: AMMUNITION MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 37
EUROPE: AMMUNITION MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 38
MIDDLE EAST: AMMUNITION MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 39
LATIN AMERICA: AMMUNITION MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 40
AFRICA: AMMUNITION MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 41
REVENUE ANALYSIS OF TOP 5 PLAYERS, 2021–2025 (USD MILLION)
 
 
 
 
 
 
FIGURE 42
MARKET SHARE ANALYSIS OF KEY PLAYERS, 2025
 
 
 
 
 
 
FIGURE 43
BRAND/PRODUCT COMPARISON
 
 
 
 
 
 
FIGURE 44
FINANCIAL METRICS (EV/EBITDA)
 
 
 
 
 
 
FIGURE 45
COMPANY VALUATION (USD BILLION)
 
 
 
 
 
 
FIGURE 46
COMPANY EVALUATION MATRIX (KEY PLAYERS), 2025
 
 
 
 
 
 
FIGURE 47
AMMUNITION MARKET: COMPANY FOOTPRINT
 
 
 
 
 
 
FIGURE 48
COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2025
 
 
 
 
 
 
FIGURE 49
BAE SYSTEMS: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 50
NAMMO AS: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 51
NORTHROP GRUMMAN: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 52
RHEINMETALL AG: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 53
GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 54
ELBIT SYSTEMS LTD: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 55
POONGSAN CORPORATION: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 56
THALES: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 57
HANWHA AEROSPACE: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 58
OLIN CORPORATION: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 59
SAAB AB: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 60
DENEL SOC LTD: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 61
ST ENGINEERING: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 62
CSG: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 63
LEONARDO S.P.A.: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 64
RESEARCH DESIGN MODEL
 
 
 
 
 
 
FIGURE 65
RESEARCH DESIGN
 
 
 
 
 
 
FIGURE 66
BOTTOM-UP APPROACH
 
 
 
 
 
 
FIGURE 67
TOP-DOWN APPROACH
 
 
 
 
 
 
FIGURE 68
DATA TRIANGULATION
 
 
 
 
 
 

Methodology

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, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analysis was conducted to estimate the overall market size. After that, market breakdown and data triangulation procedures were employed to estimate the sizes of various segments and subsegments within the ammunition market.

Secondary Research

During the secondary research process, various sources were consulted to identify and collect information for this study. The secondary sources included government sources, such as SIPRI, corporate filings, including annual reports, press releases, and investor presentations from companies, white papers, journals, and certified publications, and articles from recognized authors, directories, and databases.

Primary Research

Extensive primary research was conducted after acquiring information regarding the ammunition market scenario through secondary research. Several primary interviews were conducted with market experts from the demand and supply sides across major countries of North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Primary data was collected through questionnaires, emails, and telephonic interviews.

 Ammunition Market Size, and Share

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

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the ammunition market. The research methodology used to estimate the size of the market included the following details:
• Key players in the ammunition market were identified through secondary research, and their market shares were determined through a combination of primary and secondary research. This included a study of the annual and financial reports of the top market players, as well as extensive interviews with leaders, including directors, engineers, marketing executives, and other key stakeholders of leading companies operating in the market.
• All percentage shares, splits, and breakdowns were determined using secondary sources and 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. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

Ammunition Market : Top-Down and Bottom-Up Approach

Ammunition Market Top Down and Bottom Up Approach

Data Triangulation

After determining the overall market size, the total market was divided into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated market numbers for the market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Additionally, the market size was validated using top-down and bottom-up approaches.

Market Definition

Ammunition is the material fired, launched, or used from weapons such as rifles, machine guns, artillery, and launchers. It includes bullets, shells, cartridges, and projectiles that deliver force to engage targets. Ammunition is used by military and law enforcement forces for combat, security operations, training, and mission support.

Key Stakeholders

  • Ammunition Manufacturers
  • Component Suppliers
  • System Integrators
  • End Users
  • Regulatory and Certification Bodies
  • Raw Material Suppliers
  • Logistics and Distribution Providers

Report Objectives

  • To define, describe, and forecast the ammunition market based on caliber, end user, guidance, and component
  • To forecast the size of different segments of the market with respect to North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa
  • To identify and analyze the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To identify industry trends, market trends, and technology trends currently prevailing in the market
  • To analyze micro markets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze the degree of competition in the market by analyzing recent developments adopted by leading market players
  • To provide a detailed competitive landscape of the market, along with a ranking analysis of key players, and an analysis of startup companies in the market
  • To strategically profile the key market players and comprehensively analyze their core competencies
  • To provide a detailed competitive landscape of the market, along with a market share analysis and revenue analysis of key players

Available customizations:

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the ammunition market
  • Profiling of other market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the ammunition marke

Key Questions Addressed by the Report

How is the ammunition market expected to grow by 2031?

The global ammunition market is projected to grow from USD 34.81 billion in 2026 to USD 66.06 billion by 2031, registering a CAGR of 13.7% during the forecast period.

What factors are driving the expansion of the ammunition market worldwide?

Growth is being driven by higher defense spending, military modernization programs, stockpile replenishment efforts, active conflicts, and investments in domestic manufacturing capabilities to strengthen supply security.

Why is Europe emerging as a major growth center for ammunition procurement?

Europe accounted for 37.8% of the ammunition market revenue in 2025 and is expected to be the fastest growing region due to increasing defense budgets, stockpile rebuilding initiatives, local production expansion, and long term procurement programs.

Why is large caliber ammunition expected to experience the highest growth rate?

The large caliber ammunition segment is projected to register a CAGR of 16.6% because of its extensive use in artillery systems, tanks, and naval platforms, along with rising demand from ongoing conflicts and stockpile replacement programs.

Which end user segment generates the highest demand for ammunition products?

The military segment is the dominant end user because armed forces require large volumes of ammunition for training, operational readiness, modernization programs, and replenishment of depleted inventories.

What opportunity is being created by the establishment of new domestic ammunition production facilities?

New domestic production facilities help reduce dependence on imports, strengthen supply chain resilience, improve national security, and create long term growth opportunities through local manufacturing partnerships and capacity expansion.

What challenge affects profitability for ammunition manufacturers?

Fluctuations in raw material prices and energy costs can significantly impact manufacturing expenses and profit margins, especially when companies operate under fixed price government contracts.

Why does the projectiles and warheads segment account for the largest component share?

Projectiles and warheads represent the core functional element of ammunition and are required across small, medium, and large caliber systems, with advanced warhead technologies contributing additional market value.

How are future procurement trends changing within the ammunition industry?

Demand is gradually shifting toward guided and precision ammunition, programmable airburst fuzes, long range rockets, and advanced propellant technologies as military forces seek greater accuracy and operational effectiveness.

Which companies are recognized as leading participants in the ammunition market?

BAE Systems, Rheinmetall AG, Nammo AS, General Dynamics Corporation, Northrop Grumman, Leonardo S.p.A., and Thales are among the leading companies, with BAE Systems recognized for its broad ammunition portfolio and strong defense market presence.

TABLE OF CONTENTS

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TESTIMONIALS

Growth opportunities and latent adjacency in Ammunition Market

User

Mar, 2020

Where can I get comprehensive data about different types of 130 mm and 155 mm ammunition?.

Frederick

Apr, 2026

Can I understand the impact of ongoing geopolitical conflicts on ammunition consumption and replenishment cycles?.

Keith

Apr, 2026

Does the report include analysis of sustainability trends such as lead free ammunition and non toxic primers?.

Paul

Apr, 2019

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..

Kaylee

Jul, 2019

Hello, we are currently engaging in some strat planning focused around the munitions market for the next 3-5 years. Would love to sample this report and see if your research provides us the info we are seeking..

Caroline

Jun, 2019

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..

Bada

Oct, 2019

The reason I want to purchase this report is because I want to know the size of the arms market in each country in detail. It would be nice to have as much detail as possible on each weapon system..

Arto

Sep, 2019

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..

jeff

May, 2019

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..

Andre

Jan, 2019

Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars), .

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