Table of Contents Ammunition Market Over the past few years, there have been several terrorist attacks across the globe, thereby leading to increasing safety concerns among people. The countries of Asia-Pacific, Africa, and Latin America have witnessed frequent attacks of violence. The threat of terrorism has been rapidly spreading to various other regions of North America and Europe.
A wide-range of ammunitions have been adopted by the defense forces of various nations in order to protect their country from wars, conflicts and terrorist activities.
Moreover, ammunitions are also used by civilians for hunting and shooting purposes. There are various types of ammunitions that have been used in military and civilian applications including small-caliber cartridges, medium-caliber cartridges and large-caliber cartridges.
Medium-caliber ammunitions are mostly used in defense industry with size of caliber ranging from 20mm to 57mm. Many companies have introduced a variety of medium-caliber ammunition rounds with different specifications such as high explosive incendiary, target practice tracer, armor piercing incendiary, high explosive dual purpose grenades, high explosive dual purpose with self-destruction grenades and target practice marker, among others.
All such medium-caliber ammunition rounds have multiple uses in military industry as per their specifications.
There have been various developments in the field of medium-caliber ammunition. Ammunition manufacturers are also collaborating with other companies in order to geographically expand their product offerings.
Furthermore, due to the increasing need of security requirements, various defense forces have widely utilized medium-caliber ammunition from leading manufacturers. Owing to the increasing demand for smart weapons as well as growing need from non-U.
S and non-European markets, the market of medium-caliber ammunition is expected to show moderate growth during the forecast period The size of medium-caliber rounds ranges from 20mm to 57mm calibers.
Out of all the caliber types, 20mm caliber generated most of the revenue inwhereas, 40mm caliber type is expected to grow at the highest CAGR during Moreover, 20mm caliber type is likely to dominate the market by followed by 40mm caliber type.
North America is expected to have the highest market during the forecast periodfollowed by Europe, Asia-Pacific and Rest of the World. The increased demand for medium-caliber ammunition in the U. Europe is another leading region for using medium-caliber ammunition in military applications. The European region majorly consists of the U.
Moreover, there are ample opportunities for new entrants in this region, as the demand for medium-caliber ammunition is gradually increasing.
The rising demand is caused by the increase in the defense budget of emerging economies across the region and rising conflicts amongst neighboring nations. Furthermore, India is expected to show the highest growth in medium-caliber ammunition market, globally. The rest of the world includes Middle-East, Africa and Latin America that is estimated to have the increasing growth in medium-caliber ammunition market during the forecast period We understand that your business need specific answers pertaining to the market.
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We assure quick turnaround for your pressing business requirements.Additionally, market share analysis model has been included in the existing study which analyzes the share of the market players in global medium-caliber ammunition market.
Different caliber types of global medium-caliber ammunition market, such as 20mm, 25mm, 30mm and 40mm, has been estimated and analyzed in the report. Based on caliber, the global ammunition market has been segmented into small caliber ammunition, medium caliber ammunition, large caliber ammunition, artillery ammunition, and mortar ammunition.
This is expected to be factor responsible for a rise in the civilian guns and ammunition sales in America, as people continue to feel safer with weapons than without one. Medium Caliber. Large Caliber. NORTH AMERICA AMMUNITION MARKET, SEGMENTED BY USE. Civilian. Military. 7. NORTH AMERICA AMMUNITION MARKET, SEGMENTED BY.
Ammunition Market, By Product/Caliber Rising applications of small caliber ammo for civil and defense purposes will drive the industry growth over the forecast timeframe.
This is due to easy availability, and ease of use for applications ranging from sports, hunting, regulating authorities as . The small caliber ammunition segment is projected to lead the global ammunition market during the forecast period, owing to increased procurement of small ammunition by the defense and homeland security sectors to curb rising armed conflicts as well as by civilian population for personal safety.
The global ammunition market is estimated to grow at a CAGR of % from to medium, and large caliber ammunition, artillery ammunition, and mortar ammunition. Adjacent to this, the.