According to IMARC Group latest report titled “Small and Medium Caliber Ammunition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on small and medium caliber ammunition market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global small and medium caliber ammunition market size reached US$ 10.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.69% during 2024-2032.
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Small and Medium Caliber Ammunition Market Overview:
Small and medium caliber ammunition refers to the range of ammunition used across various firearms, including handguns, rifles, and light automatic weapons. This classification typically encompasses calibers from 5.56mm up to 40mm rounds. The types of small and medium caliber ammunition are diverse, catering to different applications such as military operations, law enforcement, hunting, and sports shooting. These ammunition types are designed for specific performance characteristics, including penetration, expansion, and accuracy over various distances. Advantages of using precisely engineered small and medium caliber ammunition include improved safety, reliability under different environmental conditions, and enhanced effectiveness in target engagement. This segment of ammunition plays a crucial role in national defense, law enforcement activities, and sporting practices, reflecting its importance in both security and recreational domains.
Small and Medium Caliber Ammunition Market Trends:
The global market is majorly driven by increasing defense spending worldwide amid rising geopolitical tensions and security concerns. Along with this, the demand for more sophisticated and high-quality ammunition for military and law enforcement use is a key market driver, reflecting the ongoing efforts to enhance the operational effectiveness and safety of personnel. Additionally, the growing interest in hunting and sports shooting activities contributes to the market expansion, as enthusiasts seek advanced ammunition for better performance and accuracy.
In addition, technological advancements in ammunition manufacturing, focusing on enhanced lethality, reduced environmental impact, and improved material compositions, are propelling the market forward. Moreover, the rise in international military collaborations and the expansion of licensed production agreements for small and medium caliber ammunition in various countries are creating a positive market outlook.
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.
- 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
- ST Engineering (Temasek Holdings Limited)
Small and Medium Caliber Ammunition Market Segmentation:
Our report has categorized the market based on product, technology, application, and end use.
Breakup by Product:
- 62 x 39 mm
- 62 x 54 mm
- 30 x 165 mm
- 23 x 115 mm
- 23 x 152 mm
- 7 x 108 mm
- 5 x 114 mm
- Others
Breakup by Technology:
- Guided
- Unguided
Breakup by Application:
- Non-Lethal
- Lethal
Breakup by End Use:
- Military
- Law Enforcement
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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