Ammunition Market

Market Leader - Ammunition Market

The global ammunition market size is projected to grow from USD 20.8 billion in 2020 to USD 24.9 billion by 2025, at a CAGR of 3.6%. The market is driven by factors such as the changing nature of warfare, the militarization of police forces, the increasing incidence of drug trafficking, and terrorist activities, and the modernization of armed forces are driving factors assisting the growth of the ammunition market. 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. 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.

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.

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.

Related Reports:

Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars), Component, Guidance, Lethality (Lethal, Less-lethal), Region - Global Forecast to 2025

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Report Code
AS 2541
RI Published ON
9/10/2020
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