Global Small and Medium Caliber Ammunition Market to Grow at 3.69% During 2024-2032, Impelled by Increasing Military Expenditures

April 22, 2021 | Aerospace and Defense

According to the latest report by IMARC Group, titled "Small and Medium Caliber Ammunition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global small and medium caliber ammunition market is expected to grow at a CAGR of 3.69% during 2024-2032. Ammunitions are the projectiles and propelling charges that are widely used in small arms, artillery, and other guns. They assist in igniting the propellant in expendable weapons and provide point- and area-target engagement with the help of handheld and crew-served weapons. The ammunition size is commonly expressed in terms of caliber, which is referred to as the diameter of the projectile as measured in inches or millimeters. Projectiles that are below than 20 mm in diameter are generally categorized as small caliber ammunition, whereas the ones with between 20mm to 40mm diameter are known as medium caliber.

Global Small and Medium Caliber Ammunition Market Trends:

The global market is majorly driven by the increasing military expenditure of various countries. Due to the escalating geopolitical tensions and rising incidences of terrorism and territorial conflicts across the globe, governments of numerous countries are increasing their defense budgets to heavily invest in modern weapons equipped with advanced technologies. Apart from this, there has been a rising demand for small caliber ammunition for mild sports shooting activities that require pistols and rifles. A considerable increase in the number of shooting competitions being held across the globe and the growing preference for shooting as a major sports activity are creating a positive outlook for the market. The market is further driven by the widespread preference for AK-rifle series that utilizes medium caliber ammunitions due to their affordable nature, high availability and enhanced convenience associated with their usage. Moreover, lightweight small and medium caliber ammunitions are gaining widespread prominence among end users, thereby providing an impetus to the market growth.

Market Summary:

On the basis of the product, the market has been divided into 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 and others.
Based on the technology, the market has been bifurcated into guided and unguided.
On the basis of the application, the market has been classified into non-lethal and lethal.
Based on the end use, the market has been segmented into military, law enforcement and others.
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include 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 and ST Engineering (Temasek Holdings Limited).

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Product, Technology, Application, End Use, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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 and ST Engineering (Temasek Holdings Limited)
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Small and Medium Caliber Ammunition Market to Grow at 3.69% During 2024-2032, Impelled by Increasing Military Expenditures

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