From 2022-2032, Ammunition Market Is Likely to Surge at A 5.7% CAGR

The global ammunition market was valued at US$ 19.2 Billion in 2021, and is projected to register a Y-o-Y increase of 4.16% in 2022 to be valued at US$ 20 Billion. During the 2022-2032 period of assessment, demand is expected to rise at a 5.7% value CAGR, likely to reach US$ 35 Billion by the end of the said forecast period.
Demand is being driven primarily by increased defense spending to counter external aggression. Another driving factor for ammunition manufacturers is the development of lightweight bullets with polymer casings. Demand for Centerfire ammunition is expected to skyrocket, accounting for more than 2/3rdof total revenue by 2020, making it the gold standard for the defense industry.

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Several new weapon and ammunition development programmes are also underway in order to develop lighter but more lethal ammunition with a greater range. Such developments are being aided by the rapid advancement of technology. The demand for advanced weapons and related ammunition comes primarily from Europe and Asia-Pacific countries, which is either replacing ageing equipment or expanding their inventory to strengthen their armed forces.

Key Segments Covered in the Ammunition Industry Report
Ammunition by Caliber
• Small Caliber Ammunition
• 5.56 mm
• 7.62 mm
• 7.62 x 51 mm
• 7.62 x 39 mm
• 9 mm
• 9 x 18 mm
• 9 x 19 mm
• Others
• Medium Caliber Ammunition
• 23 mm
• 30 mm
• Others
• Large Caliber Ammunition
• VSHORAD
• 122 mm
• Others
• Rockets, Missiles and Others
• Tank Ammunition
• Artillery Ammunition
Ammunition by Type
• Rimfire Ammunition
• Centerfire Ammunition
Ammunition by Application
• Civil & Commercial
• Sports
• Hunting
• Self Defense
• Defense
• Military
• Law Enforcement
Ammunition by Region
• North America Ammunition Market
• Latin America Ammunition Market
• Europe Ammunition Market
• East Asia Ammunition Market
• South Asia Ammunition Market
• Oceania Ammunition Market
• Middle East & Africa Ammunition Market

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Competitive Landscape
Because of the presence of various players supporting the armed forces, the ammunition market is fragmented. These players are focusing on a variety of strategies to broaden their product offerings and strengthen their geographic presence. New players are expected to enter the market as technology advances.
• BAE Systems and the UK Ministry of Defense (MOD) signed a £250 million contract in July 2021 to advance the design and development of Tempest, the UK's Future Combat Air System (FCAS).
• Nammo and the Finnish Defense Forces (FDF) announced the signing of a new long-term strategic partnership agreement in December 2020, following the previous security of supply agreement signed by the two parties in 2014.
• Companies are investing in the development and production of advanced precision-guided ammunition capable of effectively attacking the target while causing minimal collateral damage.

Key Ammunition Service Providers:
• General Dynamics Corporation
• BAE Systems PLC
• Rheinmetall AG
• Elbit Systems Ltd
• Nexter Group.

Ammunition Market- Scope of Report
A recent study by Fact.MR on the Ammunition market offers a 10-year forecast for 2022 to 2032. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering Ammunition.
The study also provides the dynamics responsible for influencing the future status of the Ammunition market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
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Report Summary
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of Ammunition across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of Ammunition during the forecast period. Price point comparison by region with global average price is also considered in the study.

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