Press release
Ammunition Market- A Valuable Resource for Armed Forces production: Evolving technology and industry trends 2021
According to the report, titled ‘Ammunition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, the global ammunition market was valued at close to US$11.5 bn in 2014. Exhibiting a steady CAGR of 3.70% in the aforementioned forecast period, the market is expected to be valued at around US$14.8 bn by 2021. The report is available on the company website for sale.
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According to the analysis presented in the report, the global ammunition market is exhibiting distinct growth patterns in the developing and the developed world. Regarding the former, the escalating arms race in Asia Pacific is a major driver of the global ammunition market. The growing threat of terrorism has also aided the ammunition market in Asia Pacific, while a combination of geopolitical tensions and threat of terrorism has driven the market in the Middle East. The Russia market for ammunition is also exhibiting promising signs of growth.
Apart from the arms race in the developing world, the increasing efforts of several emerging economies to modernize their armed forces have also helped the global ammunition market. While countries such as the U.S. have traditionally possessed the most advanced weaponry available to man, countries such as China and India are catching up, thus driving the global ammunition market. The report presents detailed data regarding the sales and manufacture of ammunition in major developing countries such as India, China, Saudi Arabia, the UAE, Israel, South Korea, Turkey, etc.
On the other hand, the ammunition market in the First World is hindered by the increasing efforts of several developed countries to make their armed forces streamlined and efficient rather than massive. The U.S., yet again, has led the way in developing smart weapons, being the leader in drone technology and robotic defense systems.
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Major national ammunition markets such as the U.S., the U.K., Germany, etc. have suffered as a result of this development, but steady demand to counter the threat of terrorism in these countries will keep the ammunition market afloat in developed countries. Growing demand from the ammunition market from law enforcement is also responsible for the steady share of developed economies in the global ammunition market. The report also profiles the national ammunition markets in developed countries such as the U.S., the U.K., Germany, France, Canada, etc.
The report also examines the global ammunition market by type and caliber of ammunition, on the basis of which full metal jacketed ammunition and small caliber ammunition led the global ammunition market, respectively, in 2014.
In terms of the competitive dynamics of the global ammunition market, the report profiles major companies dominating the global market such as General Dynamics Corporation, Nammo A.S., Nexter Group, Hornady Manufacturing Company, Inc., Orbital ATK, Inc., and Rheinmetall Defence.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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