According to the latest report by IMARC Group, titled “Small and Medium Caliber Ammunition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global small and medium caliber ammunition market grew at a CAGR of around 4% during 2015-2020. Looking forward, IMARC Group expects the global small and medium caliber ammunition market to exhibit moderate growth during the next five years.
Ammunition refers to the propelling charges and projectiles fired from guns, small arms, and artillery. It includes various expendable weapons, such as bombs, land mines, missiles, grenades, and materials fired from these weapons, including warheads and bullets. Caliber is the internal diameter (bore) of a gun barrel. Small caliber ammunition refers to projectiles that are less than 20mm in diameter, whereas medium caliber ammunition stands for the ones between 20mm and 40mm in diameter.
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The rising incidences of geopolitical conflicts and growing territorial conflicts are primarily driving the market for small and medium caliber ammunition. Various government bodies are expanding their defense budget and are heavily investing in the replacement of traditional arsenal with the latest weapons that include modern and advanced technologies. Furthermore, there has been significant growth in demand for small-caliber ammunition for mild sports shooting with rifles and pistols. Additionally, the increasing focus on shooting as a sports activity and the rising number of shooting competitions are expected to augment the global market for small and medium caliber ammunition in the coming years.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ARSENAL JSCo
- BAE Systems, Inc.
- Denel SOC Ltd
- FN Herstal (Herstal Group)
- General Dynamics Ordnance and Tactical Systems (General Dynamics Corporation)
- 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)
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
Breakup by Technology:
Breakup by Application:
Breakup by End Use:
- Law Enforcement
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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.
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