Unlocking Opportunities in the Weapons And Ammunition Market: 2025-2034 Forecast Report

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What Will the Weapons And Ammunition Industry Market Size Be by 2025?
The size of the weapons and ammunition market has seen robust growth in the recent past. The market, valued at $61.51 billion in 2024, is projected to expand to $67.20 billion in 2025, registering a compound annual growth rate (CAGR) of 9.3%. The acceleration observed in the historic period is credited to factors like ongoing military modernization, escalating geopolitical disputes, increased cross-border conflicts, growing defense budgets, and a surge in demand for sophisticated weaponry.

What's the Long-Term Growth Forecast for the Weapons And Ammunition Market Size Through 2029?
The market size for weapons and ammunition is predicted to significantly enhance in the next few years, increasing to $94.50 billion in 2029, with a compound annual growth rate (CAGR) of 8.9%. This predicted growth within the forecast period is due to the increasing acceptance of smart weapons, a surge in the demand for unmanned systems, a rise in investment in defense research and development, an escalated need for border security, and a growing focus on precision strike capabilities. The forecast period is expected to see significant trends such as improvements in guided munition technology, advancements in targeting and fire control systems, creativity in lightweight composite materials, and the inclusion of artificial intelligence in weapon systems and augmented reality in combat systems.

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What Are the Key Growth Drivers Fueling the Weapons And Ammunition Market Expansion?
The escalation in terrorism and crime rates is anticipated to stimulate the expansion of the weapons and ammunition market. These unlawful actions generally aim to inflict harm, incite fear, or create societal disruption, often for political, ideological, or materialistic motives. Increased socioeconomic disparity is a primary factor fueling the surge in crime and terrorism, as it cultivates feelings of disenfranchisement and vulnerability to extremist philosophies. The upward trend in global terrorism and criminal activities is bolstering the demand for weaponry and ammunition. Investments in the overhaul of defense and security infrastructures by governments and law enforcement entities are adding to this demand, resulting in an increased purchase of firearms, surveillance tech, and ammunition. For instance, in June 2024, the UK's Pool Reinsurance Company Limited reported that terrorism-related detentions in the UK increased by 23% in the year leading up to March 2024. The company recorded 212 arrests all over Great Britain. Thus, the escalating instances of terrorism and crime are key contributors to the growth of the weapons and ammunition market.

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What Are the Key Trends Driving Weapons And Ammunition Market Growth?
Significant businesses in the arms and ammunition industry are putting their resources towards the creation of advanced devices like smart weaponry systems, which enhance efficiency and decision-making on the battlefield. Smart weaponry refers to arms that incorporate cutting-edge technology to enhance accuracy, track targets, make autonomous decisions, and integrate data in real-time. To illustrate, Raytheon UK, a defense organization based in the UK, conducted tests on the High Energy Laser Weapon System (HELWS) in July 2024. The system was integrated into a combat vehicle of the British Army, marking the first event of its sort in the UK. The HELWS proved it could neutralize and track moving aerial objectives, specifically micro-drones, utilizing sophisticated sensors and real-time tracking as a component of the Ministry of Defence's Land Laser Directed Energy Weapon (LDEW) demonstration initiative. This experiment marks a substantial step forward in the UK's implementation of directed energy arms for anti-drone defense and operational readiness.

How Is the Weapons And Ammunition Market Segmented?
The weapons and ammunition market covered in this report is segmented -

1) By Type: Firearms, Ammunition, Explosives, Military Weapons, Non-Lethal Weapons
2) By Platform: Aerial, Terrestrial, Naval
3) By Distribution Channel: Online Stores, Specialty Stores, Other Distribution Channels
4) By Application: Defense, Commercial, Law Enforcement, Sports Shooting, Hunting
5) By End-User: Government, Private Security Firms, Sports Enthusiasts, Civilian Users

Subsegments:
1) By Firearms: Handguns, Rifles, Shotguns, Machine Guns, Sniper Rifles, Assault Rifles
2) By Ammunition: Bullets, Shells, Cartridges, Missiles, Rockets, Grenades
3) By Explosives: Plastic Explosives, Dynamite, Trinitrotoluene (TNT), Research Department Explosive (RDX), Ammonium Nitrate Fuel Oil (ANFO), Pentaerythritol Tetranitrate (PETN)
4) By Military Weapons: Artillery Systems, Tanks And Armored Vehicles, Missile Systems, Torpedoes, Mortars, Anti-Aircraft Systems
5) By Non-Lethal Weapons: Rubber Bullets, Tear Gas, Stun Grenades, Water Cannons, Electroshock Weapons, Acoustic Devices

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Which Companies Are Leading the Charge in Weapons And Ammunition Market Innovation?
Major Companies operating in the weapons and ammunition market are RTX Corporation, The Boeing Company, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., Rostec Corporation, BAE Systems plc, Thales Group, L3Harris Technologies Inc., Rolls-Royce Holdings, Leonardo S.p.A., Leidos Holdings Inc., Amentum Holdings Inc., Huntington Ingalls Industries, Dassault Aviation, Rheinmetall AG, Elbit Systems Ltd., Naval Group, MBDA, NORINCO

Which Regions Are Leading the Global Weapons And Ammunition Market in Revenue?
North America was the largest region in the weapons and ammunition market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the weapons and ammunition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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