Global Ammunition Market Report By Caliber (Small Caliber (5.56 mm, 7.62 mm, 9 mm, Others), Medium Caliber (23 mm, 30 mm, Others), Large Caliber (VSHORAD, 122 mm, Others), Rockets, Missiles, Other (Tank Ammunition, Artillery Ammunition)), By Small Ammunition Product (Rimfire, Centerfire), By End-use (Civil & Commercial (Sports, Hunting, Self Defense), Defense (Military, Law Enforcement)) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

As per this study the Global Ammunition Market was valued USD 21,901.59  BN (by revenue) in 2022 and is anticipated to reach USD 28,673.30 BN by 2030 with a CAGR of 3.40%.
 
Ammunition refers to material fired, scattered or detonated from expendable or component part of the weapon. It is usually used in bombs, landmines, grenades, small arms, and other types of guns. Ammunition consists a projectile (leaves the weapon), primer (ignites the propellant) and a propellant or explosive (push the projectile towards the target). Ammunition comes in varied sizes, type, and materials used whereas sometimes is specially designed for specific armament. 
 
Market Dynamics
 
Rising demand from defense ammunition owing to increasing terrorist attacks and expenditure on military modernization plans and safety are driving the market growth. Rising geopolitical disputes and conflicts among neighboring countries across the globe are likely to increase market penetration. Ongoing activities for building up military capabilities within emerging economies are presumed to upsurge the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of ammunition.
 
Market Segmentation
 
The broad ammunition market has been sub-grouped into product and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Caliber

• Small Caliber (5.56 mm, 7.62 mm, 9 mm, Others)
• Medium Caliber (23 mm, 30 mm, Others)
• Large Caliber (VSHORAD, 122 mm, Others)
• Rockets, Missiles & Other (Tank Ammunition, Artillery Ammunition)

By Small Ammunition Product

• Rimfire
• Centerfire

By End-use

• Civil & Commercial (Sports, Hunting, Self Defense)
• Military
• Law Enforcement

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for ammunition in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Ammunition Market Share by Region (Representative Graph)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the ammunition market include Northrop Grumman Corporation, FN Herstal, Olin Corporation, General Dynamics Corporation, Bae Systems Inc., Rheinmetall Défense, Nexter Knds Group, Hanwha Corporation, ST Engineering, Remington Arms Company LLC, Orbital Atk, Others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.