Press release
Small and Medium Caliber Ammunition Market Analysis, Demand, Growth, Size, and Report 2024-2032
Small and Medium Caliber Ammunition Market
market.
The global small and medium caliber ammunition market size reached US$ 10.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.69% during 2024-2032.
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Factors Affecting the Growth of the Small and Medium Caliber Ammunition Industry:
• Military Modernization and Geopolitical Tensions: The growth of the small and medium caliber ammunition industry is intricately tied to geopolitical tensions and military modernization efforts worldwide. As nations seek to bolster their defense capabilities, there is a significant demand for small and medium caliber ammunition for military forces. Geopolitical tensions, such as territorial disputes or regional conflicts, often drive nations to invest heavily in defense procurement, including firearms and ammunition. Furthermore, military modernization programs aimed at upgrading infantry weapons, enhancing operational capabilities, and improving soldier lethality contribute to sustained growth in the small and medium caliber ammunition sector.
• Civilian Firearms Ownership and Sporting Activities: The civilian market plays a significant role in driving growth within the small and medium caliber ammunition industry. Increased civilian firearms ownership, driven by factors like personal protection, hunting, and recreational shooting, fuels demand for ammunition. Sporting activities such as competitive shooting, hunting, and target practice require a steady supply of small and medium caliber ammunition.
Moreover, the growing popularity of shooting sports and recreational shooting activities, particularly in regions like North America and Europe, further stimulates demand. Additionally, factors such as product innovation, the availability of diverse ammunition types catering to specific shooting disciplines, and the emergence of shooting clubs and ranges contribute to sustained growth in the civilian segment of the ammunition industry.
• Technological Advancements and Innovation: Technological advancements and innovation are key drivers shaping the growth trajectory of the small and medium caliber ammunition industry. Manufacturers continually invest in research and development to enhance the performance, reliability, and lethality of their ammunition products. Advancements in materials science, manufacturing processes, and ballistics engineering enable the production of ammunition with improved accuracy, terminal ballistics, and reduced recoil. For instance, the development of advanced propellants and bullet designs, such as polymer-cased ammunition and enhanced penetration projectiles, underscores the industry's commitment to innovation.
Furthermore, the integration of smart technologies, such as electronic primers and tracer rounds, into small and medium caliber ammunition enhances operational effectiveness and situational awareness for military and law enforcement applications.
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.
• ARSENAL JSCo
• BAE Systems, Inc.
• Denel SOC Ltd
• FN Herstal (Herstal Group)
• General Dynamics Ordnance and Tactical Systems (General Dynamics Corporation)
• Rosoboronexport
• MAXAMCorp Holding, S.L.
• MESKO S.A.
• Nammo AS
• Nexter KNDS Group
• Northrop Grumman Corporation
• Poongsan Corporation
• Rheinmetall Defense
• RUAG Group
• ST Engineering (Temasek Holdings Limited)
Small and Medium Caliber Ammunition Market Report Segmentation:
Our report has categorized the market based on region, product, technology, application, and end use.
By Product:
• 7.62 x 39 mm
• 7.62 x 54 mm
• 30 x 165 mm
• 23 x 115 mm
• 23 x 152 mm
• 12.7 x 108 mm
• 14.5 x 114 mm
• Others
7.62 x 39 mm represented the largest segment due to its widespread adoption by military forces and civilian firearms enthusiasts, coupled with its versatility and effectiveness in various rifles and carbines.
By Technology:
• Guided
• Unguided
Based on technology, the market has been divided into guided and unguided.
By Application:
• Non-Lethal
• Lethal
Lethal represented the largest segment as it encompasses the primary usage of small and medium caliber ammunition in military and law enforcement operations, emphasizing the ammunition's role in neutralizing threats effectively.
By End Use:
• Military
• Law Enforcement
• Others
Military represented the largest segment because of the substantial demand for small and medium-caliber ammunition to equip armed forces globally, driven by defense modernization programs and ongoing military conflicts necessitating ample ammunition supplies.
By Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
• Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
Asia Pacific's dominance in the small and medium caliber ammunition market is attributed to its significant defense expenditures, escalating geopolitical tensions, and extensive military modernization efforts across countries like China, India, and South Korea, driving substantial demand for small and medium caliber ammunition in the region.
Global Small and Medium Caliber Ammunition Market Trends:
The global market is primarily driven by the rising need for homeland security and law enforcement agencies to equip themselves with advanced weaponry to combat various forms of criminal activity, including organized crime and drug trafficking. Additionally, the increasing focus on counterterrorism measures and border security enhancements is driving the demand for SMCA, particularly for specialized units and border patrol forces is further driving market growth.
Moreover, the ongoing military modernization programs in emerging economies, driven by economic growth and territorial disputes, are impelling market growth. Furthermore, continual advancements in materials science and manufacturing technologies enable the production of ammunition with improved performance, reliability, and shelf life, further propelling market growth.
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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