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Ammunition Market Trends

  • Report ID: GMI261
  • Published Date: Sep 2024
  • Report Format: PDF

Ammunition Market Trends

There is a growing demand for precision-guided ammunition, which enhances accuracy and operational effectiveness. Advances in technology have led to the development of smart ammunition with integrated targeting systems, significantly improving operational efficiency and reducing collateral damage in military and law enforcement applications.
 

Additionally, the rise in the adoption of advanced materials for producing lightweight ammunition is expected to have a substantial impact on the market. Lightweight ammunition contributes to fuel-efficient transportation, which reduces overall transportation costs. This trend allows for the transportation of more rounds within the same weight limits, thereby positively influencing market growth. Moreover, the integration of advanced materials and new technologies in ammunition production is anticipated to create fluctuations in ammunition price forecasts over time. These advancements, while enhancing performance, may lead to variations in production costs and pricing strategies within the market.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The industry size for ammunition was valued at USD 30.6 billion in 2023 and is anticipated to register a 5.6% CAGR between 2024 and 2032 led by increasing terrorism activities and cross-border conflicts

The small caliber product type segment in the ammunition market is expected to grow at a 5.3% CAGR from 2024-2032 backed by usage in various applications, such as shotgun pistols, assault rifles, rifles, and revolvers

North America market is expected to grow at a 5.1% CAGR from 2024-2032 owing to the growing threat of terrorism, combined with lenient gun laws ?

BAE Systems, CCI, Denel, Elbit Systems Ltd., Remington Arms Company, Global Ordnance, Magtech, NAMMO AS, Nexter Munition, Northrop Grumman Corporation, Olin Corporation, Orbital ATK Inc, and Poongsan Corporation

Ammunition Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 49
  • Countries covered: 22
  • Pages: 135
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