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.
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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.
MARKET DYNAMICS
KEY DRIVERS
Terrorism
War
Boosting military strength
RESTRAINTS
Growth is restricted
Public safety
Unlicensed weapon
OPPORTUNITIES
Frangible Ammo
Green ammunition
Modern military technology
Lightweight Ammo
CHALLENGES
Securities Concerns
Faster Manufacturing
THE IMPACT OF COVID-19
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
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REGIONAL ANALYSIS
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.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
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
| 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 |
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
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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
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