Ammunition Industry Data Book Covers Small Caliber Ammunition, Medium Caliber Ammunition, and Large Caliber Ammunition Market
The global Ammunition industry was estimated at USD 22.96 billion in 2022 and is anticipated to increase at a significant CAGR of 3.1% from 2023 to 2030.
Grand View Research’s ammunition industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.
Small Caliber Ammunition Market Insights
The global Small Caliber Ammunition Market size was valued at USD 11.93 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2030. Terrorism and political violence risks are expected to incline on account of rising geopolitical tensions and weakening of liberal democratic governance. Also, the repercussive effects of chronic conflicts are emerging as one of the major factors, intensifying the political violence across the globe. Protracted and complex armed conflicts with multiple states and non-state actors is one the major contributing factor to political violence, thereby having a degrading effect on the security and stability of the regions. Also, a broader shift towards populist nationalism and authoritarian governance is one of the major factors heightening the war and civil commotion risks. These factors are expected to positively influence the market growth of small caliber ammunition.
5.56mm caliber includes 5.56 × 45, and others. The 5.56mm NATO cartridge can be recognized by its appearance, the painting of projectile tips, the stamping with the initials of the manufacturer and manufacturing year on the base of the cartridge case, and the markings on the packing containers. 5.56mm caliber are expected to rise owing to their high availability and are used by the Soviet Union on a large scale.
Medium Caliber Ammunition Market Insights
The global Medium Caliber Ammunition Market size was valued at USD 3.56 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030. In the recent past, the prospects of interstate conflicts have reached their peak after the end of the Cold War. Also, weak leadership in international diplomacy coupled with rising geopolitical tensions have contributed to the sustained risk of armed conflict in recent years. Moreover, the growing rate of polarization over economic, political, and social issues in mature economies coupled with division in western countries in the face of complex risks and threats, is further projected to deteriorate global security and lead to strategic uncertainty.
The Asia Pacific region has witnessed an unprecedented surge in the defense spending over the past decade. Rising geopolitical tension and border disputes between the regional powers have been the primary driving factor boosting the defense spending in the region. Additionally, the growing threat from terrorist activities and separatist insurgency has had a major influence on increasing defense spending in the region. This in turn is expected to positively influence the market for medium caliber ammunition over the forecast period.
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Large Caliber Ammunition Market Insights
The global Large Caliber Ammunition Market size was valued at USD 5.12 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 1.9% from 2023 to 2030. Large caliber ammunition include ammunition with 105mm caliber and 120mm caliber. Large caliber cartridges are generally projectiles. These cartridges are designed for long-range tank engagement and are used for anti-armor weapons. Large caliber ammunition can be classified into spin-stabilized, fin-stabilized, and rocket-assisted, which is a combination of spin-stabilized and fin-stabilized. A majority of the guns use spin-stabilized large caliber cartridge as it promotes flight stability using spinning, whereas fin-stabilized projectiles obtain stability through the fins located at the end of the projectile. These cartridges are also used for gunnery training in tank-mounted gun cannons.
Russia’s invasion of Ukraine has substantially raised the global security concerns thus opening the growth opportunities for the large caliber ammunition segment. As a result, the large caliber ammunition manufacturers based in the U.S. which is the major hub of munition manufacturing has ramped up the production exponentially, thus positively influencing the target market growth.
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Ammunition Industry Data Book Competitive Landscape
Key companies, such as General Dynamic Corporation, Northrop Grumman, and BAE Systems, generate majority of their revenues through military and government channels. Their primary customers include the U.S. Department of Defense and intelligence community. Moreover, they also deliver products to the U.S. government customers including the Department of Homeland Security.
Key players operating in the Ammunition Industry are:
- Northrop Grumman Corporation
- FN Herstal
- Olin Corporation
- General Dynamics Corporation
- BAE Systems, Inc.
- Rheinmetall Defense
- Nexter KNDS Group
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