Report Id: SNS/A&D/1109 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Caliber Ammunition Market Size was valued at USD 23.32 billion in 2021 and is expected to reach USD 30.27 billion by 2028, and grow at a CAGR of 3.8% over the forecast period 2022-2028.
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.
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.
Boosting military strength
Growth is restricted
Modern military technology
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.
Key Market 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 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.
KEY MARKET SEGMENTS:
Civil & Commercial
Fuzes & Primers
Projectiles and Warheads
By Guidance Mechanism
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 23.32 Billion|
|Market Size by 2028||US$ 30.27 Billion|
|CAGR||CAGR of 3.8% From 2022 to 2028|
|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
• Boosting military strength
|RESTRAINTS||• Growth is restricted
• Public safety
• Unlicensed weapon
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 SNS Analysis
4.3 Impact of Ukraine War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Caliber Ammunition Market, By Lethality
9. Global Caliber Ammunition Market, By Application
9.3 Homeland Security
9.4 Civil & Commercial
10. Global Caliber Ammunition Market, By Product
10.2 Aerial Bombs
10.4 Artillery Shells
11. Global Caliber Ammunition Market, By Caliber
12. Global Caliber Ammunition Market, By Component
12.1 Fuzes & Primers
12.4 Projectiles and Warheads
13. Global Caliber Ammunition Market, By Guidance Mechanism
14. Regional Analysis
14.2 North America
14.3.6 The Netherlands
14.3.7 Rest of Europe
14.4.2 South Korea
14.4.6 Rest of Asia-Pacific
14.5 The Middle East & Africa
14.5.3 South Africa
14.6 Latin America
14.6.3 Rest of Latin America
15. Company Profiles
15.1 Northrop Grumman Corporation
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
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