Europe Ammunition Market 2021 report explores the future trends, top companies development and forecasts-Rheinmetall AG, Nexter Group, BAE Systems plc, General Dynamics Corporation

Europe Ammunition Market by Component, Application, Services, and Region- Forecast to 2025

The Global Europe Ammunition Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Europe Ammunition business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Europe Ammunition worth chain and its wholesaler examination. Europe Ammunition Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The Europe ammunition market is anticipated to grow at a CAGR of more than 3% during the forecast period.

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Top Leading Companies of Europe Ammunition Market are Rheinmetall AG, Nexter Group, BAE Systems plc, General Dynamics Corporation, Denel PMP, Saab AB, Elbit Systems Ltd., Rostec State Corporation, Nammo AS, Heckler & Koch GmbH and others.

Industry News And Updates on Europe Ammunition Market-

Russia to Generate the Highest Demand for Ammunition

The Russian leadership has developed a political-military strategy for the armed forces based on its security policy goals and threat perceptions. This strategy involves the military carrying out five key tasks: strategic deterrence; regional dominance within the non-Baltic former Soviet Union, expeditionary operations, preparedness in case of a major war, and domestic stability. The evolution of the battlefield environment has necessitated the subsequent upgrade and customization of armament. Thus, in May 2018, Russian manufacturer KBP Instrument Design Bureau showcased its latest generation of the 9K333 Verba man-portable surface-to-air missile system, which can effectively engage an approaching or receding aircraft, helicopter, cruise missile, or UAV.

Key Market Trends Europe Ammunition Market-

Military Segment to Dominate the Market During the Forecast Period

As per SIPRI, Europe's military spending in 2019 witnessed a 5% YoY growth to reach USD 356 billion and account for 19% of the global military spending. The subsequent increase in the procurement of ammunition by the armed forces to subdue the threats arising due to terrorism, territorial conflicts, and geopolitical tensions has triggered the requirement for sophisticated ammunition. The European countries are actively procuring artillery and mortar systems to safeguard their borders against illegal trespassing and several forms of trafficking, thereby, generating demand for ammunition. Companies are vying for long-term commitments from potential end-user countries.

Competitive Landscape On Europe Ammunition Market-

The Europe ammunition market is consolidated as only selected vendors manufacture and supply weapons and ammunition in the region due to the high technological expertise required to produce military-grade weapons. Some of the prominent ammunition manufacturers in the region are BAE Systems plc, Rheinmetall AG, General Dynamics Corporation, Nexter Group, and Rostec State Corporation. Rheinmetall AG continues to expand its role as a major supplier of ammunition in the region. On this note, in June 2019, the last few days, the Dutch procurement authority Defence Materiel Organisation (DMO) renewed a partnership agreement with Rheinmetall AG for the supply of ammunition till 2030. The need for high-precision, lightweight, and compact weapon systems has led innovators to invest considerable resources in the development of sophisticated weapon systems. The advent of smart ammunition has also radically disrupted the demand for traditional ammunition as more countries are focusing on inducting dual-use smart weaponry.

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