Ammunition Market

Northrop Grumman Corporation (US), General Dynamics Corporation (US), BAE Systems (UK) and Nammo AS (Norway) are leading players in Ammunition Market

The global ammunition market size is projected to grow from USD 24.3 billion in 2021 to USD 29.1 billion by 2026, at a CAGR of 3.7%. The market is driven by factors such as the increase in the geopolitical tensions, territorial conflicts, and political unrest across the globe; rising military expenditure, leading to modernization and upgradation of armed forceschange in the nature of warfaremodernization programs undertaken by military forces in major economies, the militarization of police forcesare driving factors assisting the growth of the ammunition market. Apart from its use in defense forces, ammunition also sees increasing importance in civil and commercial applications such as sporting, hunting, and self-defense, among others.

Northrop Grumman Corporation (US), General Dynamics Corporation (US), CBC Global Ammunition (Brazil), Olin Corporation (US), Ruag Ammotec (Switzerland), BAE Systems (UK), Thales Group (France), Rheinmetall AG (Germany), Nexter KNDS group (France), Elbit Systems (Israel), Nammo AS (Norway), and ST Engineering (Singapore) among others are some of the leading players in the ammunition market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, expansions, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the ammunition market.

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Northrop Grumman is one of the leading players in the ammunition market. The company maintains its presence in about 25 nations and has different offices in Australia, Europe, Japan, Saudi Arabia, South Korea, and the UAE. Some of its key subsidiaries include Northrop Grumman Aviation, Inc. (Canada), Northrop Grumman Electronic Systems International Company (UK), Northrop Grumman Overseas Holdings Inc. (Ireland), Northrop Grumman Space Operations (US), and Northrop Grumman Tactical Systems (US). In 2017, Northrop Grumman entered into an agreement to acquire Orbital ATK. Northrop Grumman completed the acquisition of Orbital ATK in 2018 and established it as its fourth business segment, Northrop Grumman Innovation Systems. Defense Systems under Innovations Systems business division develops and produces small, medium, and large-caliber ammunition, precision weapons and munitions, high-performance gun systems, and propellant and energetic materials. The company is one of the world’s leading producers of small-caliber ammunition for military applications for the US government and its allies. The company manufactures small-caliber ammunition at Lake City Army Ammunition Plant in Independence, Missouri (US). Its Innovation Systems business segment, which offers small-caliber ammunition, shows 83% of its total sales to be from the US. In August 2019, Northrop secured a contract worth USD 25 million from the US Army for the supply of medium-caliber ammunition. Orders for ammunition for the 30 x173mm PGU 46/B HEI rounds were placed under this contract.

General Dynamics Corporation’s Ordnance and Tactical Systems is engaged in the manufacturing of a wide range of control actuator systems, missiles, rockets, weapon systems, and ammunition. The company is a leading manufacturer of large, medium, and small-caliber ammunition, mortars, artillery, non-lethal products. The Ordnance and Tactical Systems segment operates through 23 combined manufacturing and sales locations in the US and Canada. Moreover, the company has acquired and integrated with over 65 businesses to strengthen its product portfolio. It supplies its products across the globe, although its major sales transactions and operations are concentrated in the US. The company has its presence in North America, Europe, the Asia Pacific, the Middle East & Africa, and South America. The company specializes in 5.56mm and 0.50 cal small caliber ammunition and also manufactures training, ball, tracer, and armor-piercing small caliber ammunition for use by the armed forces. The company is a major supplier of small caliber ammunition for the Canadian armed forces. General Dynamics Ordnance and Tactical Systems-Canada Inc. have developed training systems under the trademark Simunition for military and law enforcement applications. FX training systems and SecuriBlank systems are the two systems being offered under this trademark.

BAE Systems is involved in the development and delivery of advanced defense & aerospace systems for airborne, naval, and land forces. BAE Systems manufactures small, medium, and large-caliber ammunition. Moreover, the company has a strong presence in North America, Europe, the Middle East, and the Asia Pacific. The company is a leading manufacturer of 5.56mm and 7.62mm ammunition for the armed forces. The company has a dedicated small arms ammunition manufacturing facility in Radway Green, UK, which can produce a total of one million rounds of 5.56mm and/or 7.62mm ammunition per day. The company has developed 5.56mm, and 7.62mm ammunition rounds with increased range and armor penetration and are also developing lightweight and lead-free ammunition. In February 2019, BAE Systems received a contract worth USD 74.7 million from the US Army to design, construct, and commission a new facility to modernize the Holston Ammunition Plant located in the US. This new facility is expected to enhance the manufacturing capabilities of the current product base of the Holston Army Ammunition Plant (HSAAP). It aims at supporting the future product requirements of the US Department of Defense.

Nammo AS, also known as Nordic Ammunition Company, is a Norwegian/Finnish aerospace & defense company. The company operates through two business segments in the ammunition market, Defense and Commercial. The company has four business units under these two segments, namely, Commercial Ammunition, Small and Medium Caliber Ammunition, Large Caliber Systems, and Aerospace Propulsion. The product portfolio of the company includes shoulder-launched munition systems, military, and sports ammunition, rocket motors for military and space applications, and environment-friendly demilitarization services. Nammo Sweden, Nammo Raufoss (Norway), Nammo Lapua (Finland), Nammo Palencia (Spain), Nammo Tactical Ammunition (US), and Nammo NAD (Norway) are business units of the company that offer small and medium caliber ammunition products for defense and law enforcement applications. It offers its products through brands such as Lapua, Schonebeck, Vihtavuori, and Berger Bullets. The company operates through 30 sites and offices in 13 different countries and has about 90% of its customer base in Europe and North America. In April 2020, Nammo AS secured a contract from the Swedish Defense Materiel Administration worth USD 67 million for the supply of small caliber ammunition. The contract will be executed between 2020 and 2023.

Related Reports:

Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Artillery Shells, Mortars), Component, Guidance Mechanism, Lethality (Lethal, Less-lethal), Region - Forecast to 2026

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Ammunition Market Size,  Share & Growth Report
Report Code
AS 2541
RI Published ON
4/7/2022
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