Caliber Ammunition Market Report Scope & Overview:

The Caliber Ammunition Market Size was valued at USD 24.20 billion in 2022 and is expected to reach USD 32.62 billion by 2030 and grow at a CAGR of 3.8% over the forecast period 2023-2030.

Technological advancements for replacing brass-based bullet cases with polymer-based bullet cases are expected to provide market growth opportunities. The use of polymer materials in bullets reduces ammunition weight by more than 40% while maintaining the same impact, making it lighter and more accurate than conventional bullets. Rising geopolitical issues, warlike situations, and increased terrorist activities around the world are causing prominent militaries and armed forces to stockpile more products. This strategy is likely to offer cost savings because the products are purchased in large quantities at low prices, which supports market growth.

Caliber Ammunition Market Revenue Analysis

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Military investments in defense equipment are expected to increase as geopolitical tensions rise around the world, driving product demand. The Indian Army's increased procurement of artillery and mortar platforms through various development platforms is expected to increase the number of ammunition over the forecast period. Furthermore, the increase in hostilities is expected to boost product demand in Middle Eastern countries during the forecast period.



  • Terrorism

  • War

  • Boosting military strength


  • Growth is restricted

  • Public safety

  • Unlicensed weapon


  • Frangible Ammo

  • Green ammunition

  • Modern military technology

  • Lightweight Ammo


  • Securities Concerns

  • Faster Manufacturing


The COVID-19 epidemic has had a very small impact on the small arms market as military procurement systems and new generation ammunition have not been affected. The growth of the small grain market depends on a number of factors, such as the allocation of funds for the purchase of new equipment, and is probably adversely affected by the rapid technological advances leading to a shorter service life of new technologies.

Increasing the investment of defense in modern military systems to acquire better tools to replace their existing weapons also serves as one of the main markets driving the small arms market.

Strict gun ownership laws serve as an important obstacle to the growth of the small caliber bullet market during forecasting. Increasing emphasis on gun control measures to reduce gun deaths and injuries, deaths related to domestic violence, homicides, and suicide may also make the process of purchasing licensed firearms more difficult in the future. This is expected to hinder the market growth during forecasting.


By Application

  • Defense

  • Military

  • Homeland Security

  • Civil & Commercial

  • Sporting

  • Hunting

  • Self-defense

  • Others

By Caliber

  • Small

  • Medium

  • Large

  • Others

By Product

  • Bullets

  • Aerial Bombs

  • Grenades

  • Artillery Shells

  • Mortars

By Component

  • Fuzes & Primers

  • Propellants

  • Bases

  • Projectiles and Warheads

  • Others

By Guidance Mechanism

  • Non-guided

  • Guided

By Lethality

  • Lethal

  • Less-lethal

Caliber Ammunition Market Segmentation Analysis

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North America is expected to hold the highest share of the global small grain market at the time of forecasting, due to the early adoption of small letters in the region. South America and Middle East Africa have each small market share. However, these regions are expected to provide profitable opportunities in the small grain market during the forecast period. Increased acceptance of various small-scale characters for various military and defense applications is a growing trend in the Asia Pacific. China and India are expected to make a significant contribution to the region's small grain market in the next few years. Increased use of small letters for social and security purposes may drive the small-cap market during the forecast period. This is due to the easy availability and ease of use of low-level characters in programs ranging from sports, hunting, and military objectives.


North America

  • USA

  • Canada

  • Mexico


  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe


  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Key Players

The market for small-caliber coins is divided due to the presence of a few local and international players in the market. Other prominent players in the low-caliber coin market include CBC Global Ammunition, Northrop Grumman Corporation, General Dynamics Corporation, Nammo AS, and Olin Corporation. Many countries produce small ammunition with local production capabilities and small orders are issued to foreign players to meet the shortage of a certain amount of objective ammunition through military systems. For example, Kenya Ordnance Factories Corporation is a local Kenyan manufacturing company that manufactures small arms and related products delivered to Kenyan armed forces, security agencies, and licensed arms dealers. It was exported to the United States. The capacity of the production center is estimated at least 20,000 grains per day. Similarly, INDUMIL, FAMAE, and the Aguila Ammunition are local producers of small letters in Colombia, Chile, and Mexico, respectively, that meet local needs. NATO members and players in NATO countries benefit from the need for ammunition from other NATO members and thus have a sufficient market presence in the military market.

Northrop Grumman Corporation-Company Financial Analysis

Caliber Ammunition Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 24.20 Billion
Market Size by 2030 US$ 32.62 Billion
CAGR CAGR of 3.8% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Solution (Hardware, Application Software & Services)
• by Platform (Airborne, Land, Naval, Space)
• by Application (Command and Control, Communications Computing, Intelligence, Surveillance and Reconnaissance, Electronic Warfare)
• by End User (Defense & Space, Homeland Security, Commercial)
• by Installation (New Installation, Upgrade)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles CBC Global Ammunition, Northrop Grumman Corporation, General Dynamics Corporation, Nammo AS, and Olin Corporation
Key Drivers • Terrorism
• War
• Boosting military strength
RESTRAINTS • Growth is restricted
• Public safety
• Unlicensed weapon

Frequently Asked Questions

The market size of the Caliber Ammunition Market is expected to reach USD 32.62 billion by 2030.

The growth rate of the Caliber Ammunition Market is 3.8% during the forecast period.

CBC Global Ammunition, Northrop Grumman Corporation, General Dynamics Corporation, Nammo AS, and Olin Corporation are leading players in the Caliber Ammunition Market.

Caliber Ammunition Market is segmented into 6 categories: By Lethality, By component, By Guidance mechanism, By Product, by Caliber, and By Application.

North America region dominated the Caliber Ammunition Market.

Table of Contents

1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on Major Economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Global Caliber Ammunition Market, By Lethality

8.1 Lethal

8.2 Less-lethal

9. Global Caliber Ammunition Market, By Application

9.1 Defense

9.2 Military

9.3 Homeland Security

9.4 Civil & Commercial

9.5 Sporting

9.6 Hunting

9.7 Self-defense

9.8 Others

10. Global Caliber Ammunition Market, By Product

10.1 Bullets

10.2 Aerial Bombs

10.3 Grenades

10.4 Artillery Shells

10.5 Mortars

11. Global Caliber Ammunition Market, By Caliber

11.1 Small

11.2 Medium

11.3 Large

11.4 Others

12. Global Caliber Ammunition Market, By Component

12.1 Fuzes & Primers

12.2 Propellants

12.3 Bases

12.4 Projectiles and Warheads

12.5 Others

13. Global Caliber Ammunition Market, By Guidance Mechanism

13.1 Non-guided

13.2 Guided

14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2    Canada

14.2.3    Mexico

14.3    Europe

14.3.1    Germany

14.3.2    UK

14.3.3    France

14.3.4    Italy

14.3.5    Spain

14.3.6    The Netherlands

14.3.7    Rest of Europe

14.4    Asia-Pacific

14.4.1    Japan

14.4.2    South Korea

14.4.3    China

14.4.4    India

14.4.5    Australia

14.4.6    Rest of Asia-Pacific

14.5    The Middle East & Africa

14.5.1    Israel

14.5.2    UAE

14.5.3    South Africa

14.5.4    Rest

14.6    Latin America

14.6.1    Brazil

14.6.2    Argentina

14.6.3    Rest of Latin America

15. Company Profiles

15.1 Northrop Grumman Corporation

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 SWOT Analysis

15.1.4 The SNS view

15.2 FN Herstal

15.3 Olin Corporation

15.4 General Dynamics Corporation

15.5 BAE Systems, Inc.

15.6 Nexter KNDS Group

15.7 Hanwha Corporation

15.8 ST Engineering

15.9 Remington Arms Company LLC

15.10 Vista Outdoor Operations LLC

16. Competitive Landscape

16.1 Competitive Benchmark

16.2 Market Share Analysis

16.3 Recent Developments

17. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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