Small & Medium Caliber Ammunition Market Revenue to outshine USD 13083.3 MN By 2027
Posted On March 09, 2021
The Global Small & Medium Caliber Ammunition Market revenue is anticipated to grow to around USD 13083.3 MN by 2027 with a CAGR of 4.5% during the year 2020-2027 as per the report published by Value Market Research. The growing importance of periodically replenishing ammunition supplies, a consumable necessary for a country's defense strategies, is the primary stimulant for the small and medium caliber ammunition market. The rising hostilities and terrorist activities worldwide will increase the procurement of ammunition by prominent militaries and hence propel market growth. Growing investments in universal defense and security services are among the most significant contributing factors to this market's growth. Innovative solutions designed to meet specific operational needs like armor penetration, stopping power, accuracy for snipers, anti-terror and special forces, and cost-effective and "green" solutions for training purposes will boost the market growth. The rising popularity of sports using rifles, pistols, and many people possessing rifles as part of self-defense will be a market booster. The negative social, environmental, and economic impact of these ammunition can be the single most significant drawback of this market.
Small and medium caliber ammunition are materials fired, scattered, dropped, or detonated from a weapon whose projectile diameter is in the range of 20mm to 40mm. Small caliber ammunition includes cartridges used in the more miniature rifles, carbine, and squad automatic weapons. Medium caliber ammunition includes armor-piercing, high-explosive, smoke, illumination, training, and anti-personnel cartridges. This ammunition is very effective against fast attack boats, anti-ship missiles, helicopters, small watercraft, and low flying planes. They can be used over a broad spectrum of land, sea, and air applications and can be fired from ground-to-air and ground-to-ground.
The elaborate study "Global Small & Medium Caliber Ammunition Market Report By Product (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, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of product the market is segmented 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, Others. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Small & Medium Caliber Ammunition Market -
- 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
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
ARSENAL JSCo, FN Herstal, General Dynamics Corp., Northrop Grumman Corp., BAE Systems, Inc MESKO S.A., Rheinmetall Defense, Nexter KNDS Group, Nammo A, ST Engineering, JSC Rosoboronexport Denel SOC Ltd., S.L., RUAG Group, Poongsan Corp., MAXAMCorp Holding, STV Group a.s., Yugoimport SDPR J.P, The Tula Cartridge Works, The Ulyanovsk Cartridge Works, Rostec, CBC Ammo LLC, Klimovsk Specialized Ammunition Plant.
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