Ammunition Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The global Ammunition market size is projected to reach USD 25 billion by 2026 at a CAGR of 3.8% from USD 21 billion in 2021 during the forecast to 2028.
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Ammunition or ammo is the material that is, scattered dropped or detonated from a weapon. It can be either a component of the weapon arc n be an expendable part of it. These are designed to create a particular effect on the target. There is igniting material which helps in the firing of such ammunitions like primers, fuzes, and gunpowder.
With the rising military expenditure across the globe along with the changed nature of warfare are some of the factors that have supported long-term expansion for Ammunition Market.
Regional Analysis
North America is expected to be the largest market during the forecast period. With raised incidents of terrorism and surge in number of drug cartels have led to growth in the market in the region.
Key Players of Ammunition Market:
· Northrop Grumman Corporation
· General Dynamics Corporation
· CBC Global Ammunition
· Olin Corporation
· Ruag Ammotec
· BAE Systems
· Thales Group
· Rheinmetal AG
· Nexter KNDS group
· Elbit Systems
· Nammo AS
· ST Engineering and More
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Recent Developments
· In July 2020, French Army offered a contract to the Nexter KNDS Group for the supply of 70,000 modular artillery loads for use on the CAESAR system.
· In July 2020, US Army offered a contract to Northrop Grumman Corporation in order to deliver the next-generation airburst cartridge for the 30mm XM813 Bushmaster Chain Gun which will be installed on the Stryker Infantry Carrier Vehicle (ICV).
Ammunition Market is segmented into application, caliber, product, component, guidance, lethality and geography.
On the basis of Application
· Defense
· Civil & Commercial
On the basis of Caliber
· Small
· Medium
· Large
On the basis of Product
· Bullets
· Aerial Bombs
· Grenades
· Artillery Shells
· Mortars
On the basis of Component
· Fuzes & Primers
· Propellants
· Bases
· Projectiles and Warheads
· Others
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In addition to the market data for Ammunition Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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