Ammunition Market by Growth Insight, Competitive Analysis and Regional Statistics to 2030

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Ammunition Market by Growth Insight, Competitive
Analysis and Regional Statistics to 2030
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• Industry Insights

• Global ammunition market may reach 11.5 billion
  in terms of valuation by 2025. The frequency of
  geopolitical tension and terror attacks has
  escalated considerably in the past couple of
  years. According to the Global Terrorism Index,
  2021 reported a total of 5,226 global terrorist
  attacks. Owing to the increasing threat of
  attacks and growing territorial and political
  conflicts, several economies are scaling up their
  defense investments and military capabilities.
• For instance, the recent conflict between Russia
  and Ukraine that broke out in February 2022 put
  military agencies across the globe on edge.
  Countries like Germany announced additional
  investments in sophisticated military
  technologies to strengthen security with a 113
  billion fund in the countrys armed forces,
  Bundeswehr.
• Such war-like situations dramatically amplify the
  demand and supply of defense technologies and
  weapons, which represents an opportunity for the
  growth of the ammunition businesses.

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• Increasing research and development (RD) in the
  field of military and defense capabilities has
  resulted in advanced artillery guns. One such
  breakthrough was recently achieved by the Defense
  Research and Development Organization (DRDO) of
  India.
• DRDOs Armament Research Development
  Establishment (ARDE) lab designed an indigenous
  Advanced Towed Artillery Gun System (ATAGS). The
  artillery tech - developed in partnership with
  leading private companies of India, Bharat
  Forbes, and Tata Group - is designed to
  demonstrate fast mobility in desert and mountain
  terrain with wireless communication, and
  autonomous mode firing capability. Increasing
  focus on advancements in artillery ammunition is
  expected to contribute to a positive outlook for
  the artillery ammunition market.
• The U.S. ammunition market is anticipated to
  accrue exponential growth in view of large-scale
  funding in the defense sector. The U.S. Army is
  on a roll with large investments in technologies
  and collaborations with advanced missile
  designers to modernize its military and defense.
• In March 2022, the U.S. Air Force placed a 128.2
  million order with the aerospace, defense, and
  arms giant Lockheed Martin for 123 GPS-guided
  JASSM-ER air-launched smart munitions. The
  advanced air-to-ground JASSM-ER missile uses
  precision routing and guidance in extreme weather
  conditions.

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• Regional Analysis

• With the development of smart munitions, the U.S.
  aircrews can remain well out of danger from
  hostile air defense systems. On account of
  increasing innovations encouraged by the U.S.
  military agencies and ammunition suppliers, the
  U.S. is expected to emerge as a hub for smart
  ammunitions.
• The country is also accelerating efforts to
  source high-performance artillery, which is
  likely to favor the U.S. ammunition market size.
  For instance, in February 2022, the U.S Army
  ordered additional 155 mm M982 Excalibur
  precision-guided artillery projectiles from
  Raytheon.

• Competitive Analysis

• The report recognizes BAE Systems, Elbit Systems
  Ltd., CCI, Denel, Global Ordnance, NAMMO AS,
  Magtech, Nexter Group, Northrop Grumman
  Corporation, and Ruag Ammotech as prominent
  players in global ammunition industry.

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