Ammunition Market – Trends Forecast Till 2028

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Ammunition Market Size, Share, Demand, Trends
Global Sales Analysis
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Ammunition Market Size, Share, Demand, Trends
Global Sales Analysis
Ammunition Market, by Application (Defense, Civil
Commercial), Caliber (Small, Medium, Large),
Product (Bullets, Aerial Bombs, Grenades,
Artillery Shells, Mortars), Component, Guidance,
Lethality (Lethal, Less-lethal) and Geography
(North America, Europe, Asia-Pacific, Middle East
and Africa and South America). The global
Ammunition market size is projected to reach USD
25 billion by 2026 at a CAGR of 3.8 from USD 21
billion in 2021 during the forecast period
2021-2028. Northrop Grumman Corporation, General
Dynamics Corporation, CBC Global Ammunition, Olin
Corporation, Ruag Ammotec, BAE Systems, Thales
Group, Rheinmetal AG, Nexter KNDS group, Elbit
Systems, Nammo AS, and ST Engineering are the key
players of the market.
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-market-trends-forecast-till-2028
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Market Overview
Ammunition or ammo is the material that is,
scattered dropped or detonated from a weapon. It
can be either a component of the weapon arc n be
an expendable part of it. These are designed to
create a particular effect on the target. There
is igniting material which helps in the firing of
such ammunitions like primers, fuzes, and
gunpowder. With the rising military expenditure
across the globe along with the changed nature of
warfare are some of the factors that have
supported long-term expansion for Ammunition
Market. The COVID-19 pandemic is causing
widespread concern and economic hardship for
consumers, businesses, and communities across the
globe. Disrupted supply chains along with cuts in
expenditure on defense have led to a marginal
decrease in the market.
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Reasons to Acquire

• Increase your understanding of the market for
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• Qualitative and quantitative data utilization to
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  future
• In-depth analysis of the changing trends of the
  market by visualizing the historic and forecast
  year growth patterns

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Regional Analysis
North America is expected to be the largest
market during the forecast period. With raised
incidents of terrorism and surge in number of
drug cartels have led to growth in the market in
the region.
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Competitive Landscape

• Northrop Grumman Corporation
• General Dynamics Corporation
• CBC Global Ammunition
• Olin Corporation
• Ruag Ammotec
• BAE Systems
• Thales Group
• Rheinmetal AG
• Nexter KNDS group
• Elbit Systems
• Nammo AS
• ST Engineering

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Recent Developments

• In July 2020, French Army offered a contract to
  the Nexter KNDS Group for the supply of 70,000
  modular artillery loads for use on the CAESAR
  system.
• In July 2020, US Army offered a contract to
  Northrop Grumman Corporation in order to deliver
  the next-generation airburst cartridge for the
  30mm XM813 Bushmaster Chain Gun which will be
  installed on the Stryker Infantry Carrier Vehicle
  (ICV).

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Contact Information
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