出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年4月
Ammunition Market – Global Forecast to 2028
弾薬市場 : 用途 (防衛、民間＆商業)、口径 (小型、中型、大型)、製品 (弾丸、航空爆弾、砲弾、迫撃砲)、コンポーネント、誘導機構、致死性 (致死性、低致死性)、地域別 – 2028年までの世界予測
Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Artillery Shells, Mortars), Component, Guidance Mechanism, Lethality (Lethal, Less-lethal), and Region -Global Forecast to 2028
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| エンタープライズサイトライセンス | USD 10,000 |
| 種別 | 英文調査報告書 |
Report Overview
The global ammunition market size is projected to grow from USD 28.0 billion in 2023 to USD 33.1 billion in 2028, at a CAGR of 3.4% from 2023 to 2028.
世界の弾薬市場規模は、2023年から2028年までCAGR 3.4%で、2023年の280億ドルから2028年には331億ドルに成長すると予測されています。
Factors such as the modernization of armed forces, the militarization of police forces, changing nature of warfare, the increasing incidence of drug trafficking, and terrorist activities are the driving factors in the ammunition market. However factors like varying regulations affecting procurement of ammunition and civilian disarmament initiatives are acting as restraints on the market
“Medium-Caliber segment to grow at highest CAGR during the forecast period.“
Medium-caliber ammunition is poised to experience the highest growth rate during the forecast period due to several key factors. Firstly, there is an increasing demand for versatile ammunition that can effectively engage targets across various combat scenarios, ranging from infantry engagements to light vehicle suppression. Medium-caliber rounds offer a balance between firepower, range, and portability, making them suitable for a wide range of applications. Moreover, the growing emphasis on urban warfare and counterinsurgency operations necessitates ammunition that can provide effective suppression while minimizing collateral damage, a requirement that medium-caliber rounds are well-suited to fulfill
“By Product, bullets in the ammunition market segment will grow at highest CAGR.“
The bullets segment is projected to grow at the highest CAGR. The growth of this segment can be attributed to the high demand from infantry soldiers, homeland security personnel, and civilians. Bullets represent a fundamental and essential component of firearm ammunition. As the primary projectile expelled from firearms, bullets are indispensable in military, law enforcement, sports and hunting activities, and civilian shooting applications.
“By Application, the fastest-growing segment of the ammunition market is Defense. “
The Defense segment of the ammunition market is poised for the highest growth rate due to several converging factors. Firstly, geopolitical tensions and escalating security threats around the globe are compelling nations to bolster their defense capabilities, leading to increased procurement of ammunition for military forces. Additionally, the proliferation of asymmetric warfare, terrorism, and insurgency activities necessitates continuous modernization and enhancement of defense arsenals, driving sustained demand for ammunition across various calibers and types. Moreover, advancements in military technology, such as the development of precision-guided munitions and smart ammunition, are driving investments in next-generation ammunition solutions, further propelling the growth of the Defense segment.
“Asia Pacific is the largest contributing region in the ammunition market.”
The ammunition market in the Asia Pacific region has been studied for the China, India, Japan, South Korea, Australia, Singapore, Indonesia, and Vietnam. One of the major factors fueling the growth of the ammunition market in Asia Pacific is ongoing military modernization programs in India and China. The increasing incidences of territorial and armed conflicts in the Asia Pacific region have led major economies to adopt strong measures to protect their land as well as the population.
The break-up of the profile of primary participants in the ammunition market:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
• By Region: North America – 20%, Europe – 5%, Asia Pacific – 45%, and Middle East & Africa – 30%
Major companies profiled in the report include General Dynamics Corporation (US), Northrop Grumman Corporation (US), BAE Systems (UK), Thales (France), Nammo AS (Norway), Elbit Systems Ltd. (Israel), Olin Corporation (US), Rheinmetall AG (Germany), and Ammo Inc. (US) among others. (26 Companies)
Research Coverage:
This research report covers the ammunition market across various segments and subsegments. It aims at estimating the size and growth of the market across different segments and region. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the ammunition market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; mergers; and partnerships, agreements, associated with the ammunition market.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall ammunition market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of Key Drivers ( Geopolitical tensions and territorial conflicts across the globe, Growth in military expenditure across the countries, Change in nature of warfare, Modernization programs undertaken by military forces, Militarization of police forces, Rise in drug trafficking globally) Restraints ( Varying regulation affecting the procurement of ammunition, Civilian Disarmament initiatives), Opportunities (Advancements in small-caliber ammunition, Stockpiling of ammunition, Reduction in weight of ammunition) Challenges (Proliferation of illicit ammunition manufacturers, International measures to control use of ammunition).
• Market Penetration: Comprehensive information on ammunition offered by the top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the ammunition market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the ammunition market across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ammunition market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the ammunition market
Table of Contents
1 INTRODUCTION 61
1.1 STUDY OBJECTIVES 61
1.2 MARKET DEFINITION 61
1.3 STUDY SCOPE 62
1.3.1 AMMUNITION: MARKET SEGMENTATION 62
1.3.2 REGIONAL SCOPE 63
1.3.3 YEARS CONSIDERED 63
1.4 INCLUSIONS AND EXCLUSIONS 64
TABLE 1 INCLUSIONS AND EXCLUSIONS IN AMMUNITION MARKET 64
1.5 CURRENCY CONSIDERED 65
1.6 LIMITATIONS 65
1.7 MARKET STAKEHOLDERS 66
1.8 SUMMARY OF CHANGES 66
2 RESEARCH METHODOLOGY 67
2.1 RESEARCH DATA 67
FIGURE 1 RESEARCH FLOW 67
FIGURE 2 AMMUNITION MARKET: RESEARCH DESIGN 68
2.1.1 SECONDARY DATA 68
2.1.1.1 Key data from secondary sources 69
FIGURE 3 KEY DATA FROM SECONDARY SOURCES 69
2.1.2 PRIMARY DATA 69
2.1.2.1 Key data from primary sources 69
2.2 MARKET SIZE ESTIMATION 70
2.3 RESEARCH APPROACH & METHODOLOGY 70
2.3.1 BOTTOM-UP APPROACH 70
2.3.1.1 Ammunition market for military 71
2.3.1.2 Ammunition market for homeland security 71
2.3.1.3 Ammunition market for civil & commercial 71
2.3.1.4 Ammunition market size, by segment 71
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 71
2.3.2 TOP-DOWN APPROACH 72
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 72
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 73
FIGURE 6 DATA TRIANGULATION 73
2.5 RESEARCH ASSUMPTIONS 74
2.6 RECESSION IMPACT ANALYSIS 74
2.7 RESEARCH LIMITATIONS 75
2.8 RUSSIA-UKRAINE WAR IMPACT ANALYSIS 75
2.8.1 IMPACT OF RUSSIA’S INVASION OF UKRAINE ON DEFENSE INDUSTRY’S MACRO FACTORS 75
FIGURE 7 IMPACT OF RUSSIA’S INVASION OF UKRAINE ON DEFENSE INDUSTRY’S MACRO FACTORS 76
2.8.1.1 Impact of Russia-Ukraine war on micro factors of defense market 77
2.8.1.2 Impact of Russia-Ukraine war on micro factors of ammunition market 78
FIGURE 8 IMPACT OF RUSSIA-UKRAINE WAR ON MICRO FACTORS OF AMMUNITION MARKET 79
2.9 RISK ASSESSMENT 79
3 EXECUTIVE SUMMARY 80
FIGURE 9 DEFENSE SEGMENT TO LEAD AMMUNITION MARKET DURING FORECAST PERIOD 80
FIGURE 10 SMALL-CALIBER SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 81
FIGURE 11 BULLETS SEGMENT TO LEAD AMMUNITION MARKET DURING FORECAST PERIOD 81
FIGURE 12 PROJECTILES & WARHEADS SEGMENT TO LEAD AMMUNITION MARKET DURING FORECAST PERIOD 82
FIGURE 13 MARKET IN ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 83
4 PREMIUM INSIGHTS 84
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AMMUNITION MARKET 84
FIGURE 14 INCREASE IN NUMBER OF ARMED CONFLICTS AND DEMAND FOR ARMED FORCES MODERNIZATION PROGRAMS TO FUEL MARKET GROWTH 84
4.2 AMMUNITION MARKET, BY APPLICATION 84
FIGURE 15 DEFENSE SEGMENT RECORDED HIGHEST MARKET SHARE IN 2023 84
4.3 AMMUNITION MARKET, BY CALIBER 85
FIGURE 16 MEDIUM-CALIBER TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 85
4.4 AMMUNITION MARKET, BY PRODUCT 85
FIGURE 17 BULLETS SEGMENT TO ACCOUNT FOR HIGHEST MARKET SHARE DURING FORECAST PERIOD 85
4.5 AMMUNITION MARKET, BY COMPONENT 86
FIGURE 18 PROJECTILE & WARHEAD COMPONENT SEGMENT TO HOLD HIGHEST MARKET SHARE DURING FORECAST PERIOD 86
4.6 AMMUNITION MARKET, BY GUIDANCE 86
FIGURE 19 NON-GUIDED SEGMENT TO WITNESS HIGHER MARKET SHARE DURING FORECAST PERIOD 86
4.7 AMMUNITION MARKET, BY LETHALITY 87
FIGURE 20 LETHAL SEGMENT TO HOLD HIGHER MARKET SHARE DURING FORECAST PERIOD 87
4.8 AMMUNITION MARKET, BY COUNTRY 87
FIGURE 21 RUSSIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 87
5 MARKET OVERVIEW 88
5.1 INTRODUCTION 88
5.2 MARKET DYNAMICS 88
FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN AMMUNITION MARKET 88
5.2.1 DRIVERS 89
5.2.1.1 Geopolitical tensions and territorial conflicts across globe 89
TABLE 2 GLOBAL TERRORISM INDEX, BY COUNTRY, 2022 89
5.2.1.2 Growth in military expenditure and arms transfer across countries 90
FIGURE 23 MILITARY EXPENDITURE OF TOP COUNTRIES, 2022 90
FIGURE 24 SHARE OF TOP 10 MAJOR ARMS EXPORTERS, 2018–2022 91
5.2.1.3 Change in nature of warfare 91
5.2.1.4 Modernization programs undertaken by military forces 92
5.2.1.5 Militarization of police forces 92
5.2.1.6 Rise in drug trafficking globally 92
5.2.2 RESTRAINTS 93
5.2.2.1 Varying regulations affecting procurement of ammunition 93
5.2.2.2 Civilian disarmament initiatives 93
5.2.3 OPPORTUNITIES 93
5.2.3.1 Advancements in small-caliber ammunition 93
TABLE 3 RECENT DEVELOPMENTS IN ADVANCED AMMUNITION 94
5.2.3.2 Stockpiling of ammunition 94
5.2.3.3 Reduction in weight of ammunition 95
5.2.4 CHALLENGES 95
5.2.4.1 Proliferation of illicit ammunition manufacturers 95
5.2.4.2 International measures to control use of ammunition 96
5.3 AMMUNITION MARKET ECOSYSTEM 96
5.3.1 PROMINENT COMPANIES 96
5.3.2 PRIVATE AND SMALL ENTERPRISES 96
5.3.3 END USERS 96
FIGURE 25 ECOSYSTEM MAP: AMMUNITION MARKET 97
TABLE 4 AMMUNITION: MARKET ECOSYSTEM 97
5.4 TECHNOLOGY ANALYSIS 98
5.4.1 KEY TECHNOLOGIES 98
5.4.1.1 Self-steering Bullet 98
5.4.1.2 Caseless Telescoped Ammunition (CTA) 98
5.4.1.3 Polymer-cased Ammunition 99
TABLE 5 CONVENTIONAL BRASS-CASED AMMUNITION VS. EMERGENT CARTRIDGE CASE TECHNOLOGIES 99
5.4.1.4 Lightweight Ammunition 99
TABLE 6 WEIGHT DISTRIBUTION: 7.62 X 51 MM CARTRIDGE 100
5.4.1.5 Advanced Propellants 100
5.4.2 COMPLIMENTARY TECHNOLOGIES 100
5.4.2.1 Precision-Guided Munition (PGM) 100
5.4.2.2 Multipurpose Munition 101
5.4.2.2.1 Loitering munitions 101
5.5 OPERATIONAL DATA 102
5.5.1 SOLDIER HEADCOUNT BY MAJOR COUNTRIES, 2018–2020 102
TABLE 7 SOLDIER HEADCOUNT, BY COUNTRY, 2018–2020 102
5.5.2 KEY CALIBERS USED BY MAJOR COUNTRIES, 2023 102
TABLE 8 KEY CALIBER, BY COUNTRY, 2023 102
5.5.3 KEY FIREARMS USED BY MAJOR COUNTRIES, 2023 104
TABLE 9 KEY FIREARM, BY COUNTRY, 2023 104
5.6 CASE STUDY ANALYSIS 106
5.6.1 EXTENDED RANGE ARTILLERY SHELLS 106
5.6.2 DEVELOPMENT OF HIGH-POWER ANTI-TANK SHELLS 107
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 107
5.7.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AMMUNITION MANUFACTURERS 107
FIGURE 26 REVENUE SHIFT IN AMMUNITION MARKET 107
5.8 KEY STAKEHOLDERS & BUYING CRITERIA 108
5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS 108
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING AMMUNITION FOR TWO APPLICATIONS 108
TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING AMMUNITION FOR TWO APPLICATIONS (%) 108
5.8.2 BUYING CRITERIA 108
FIGURE 28 KEY BUYING CRITERIA OF AMMUNITION FOR TOP TWO APPLICATIONS 108
TABLE 11 KEY BUYING CRITERIA OF AMMUNITION FOR TOP TWO APPLICATIONS 109
5.9 VALUE CHAIN ANALYSIS 109
FIGURE 29 VALUE CHAIN ANALYSIS: AMMUNITION MARKET 109
5.9.1 AMMUNITION PRODUCTION PROCESS 110
FIGURE 30 SMALL-CALIBER AMMUNITION PRODUCTION PROCESS 110
5.9.1.1 Packaging and marking of small-caliber ammunition 110
5.9.1.2 Trends in packaging and marking ammunition 110
5.9.1.2.1 Laser engraving 110
5.9.1.2.2 RFID tags 111
5.9.1.2.3 Electronic chip strips 111
5.10 PRICING ANALYSIS 112
FIGURE 31 AVERAGE SELLING PRICE OF SMALL, MEDIUM, AND LARGE-CALIBER AMMUNITION, BY APPLICATION 112
5.10.1 AVERAGE SELLING PRICE OF SMALL-CALIBER AMMUNITION 112
TABLE 12 AVERAGE SELLING PRICE OF SMALL-CALIBER AMMUNITION, 2022 (USD) 112
5.10.2 AVERAGE SELLING PRICE OF MEDIUM-CALIBER AMMUNITION 113
TABLE 13 AVERAGE SELLING PRICE OF MEDIUM-CALIBER AMMUNITION, 2022 (USD) 113
5.11 BILL OF MATERIALS (BOM) FOR 155 MM HIGH EXPLOSIVE SHELLS 113
FIGURE 32 BILL OF MATERIALS FOR 155 MM HIGH EXPLOSIVE SHELLS IN 2023 113
5.12 TOTAL COST OF OWNERSHIP OF 155 MM HIGH EXPLOSIVE SHELLS 114
FIGURE 33 TOTAL COST OF OWNERSHIP OF HIGH EXPLOSIVE 155 MM SHELLS 114
TABLE 14 TOTAL COST OF OWNERSHIP OF 155 MM HIGH EXPLOSIVE SHELLS 114
5.13 AMMUNITION MARKET BUSINESS MODEL OF 5 KEY PLAYERS 115
FIGURE 34 AMMUNITION MARKET: BUSINESS MODEL OF 5 KEY PLAYERS 115
5.14 TRADE DATA ANALYSIS 115
5.14.1 IMPORT SCENARIO 115
FIGURE 35 IMPORT DATA FOR TOP 10 COUNTRIES FOR HS CODE 93 115
5.14.2 EXPORT SCENARIO 116
FIGURE 36 EXPORT DATA OF TOP 10 COUNTRIES FOR HS CODE 93 116
5.15 TARIFF AND REGULATORY LANDSCAPE 116
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 116
TABLE 15 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 116
TABLE 16 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 117
TABLE 17 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 117
TABLE 18 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 118
TABLE 19 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 118
5.16 KEY CONFERENCES & EVENTS, 2024–2025 119
TABLE 20 AMMUNITION MARKET: DETAILED LIST OF CONFERENCES & EVENTS 119
6 INDUSTRY TRENDS 120
6.1 INTRODUCTION 120
6.2 TECHNOLOGY TRENDS 120
6.2.1 ADDITIVE MANUFACTURING 120
6.2.2 OPTICALLY INITIATED AMMUNITION 121
6.2.3 RADICALLY INVASIVE PROJECTILE (RIP) AMMUNITION 121
6.3 ADVANCEMENTS IN AMMUNITION TECHNOLOGY 121
6.3.1 CARTRIDGE-BASED AMMUNITION 121
6.3.1.1 Laser-initiated ammunition 121
6.3.1.2 One-way luminescence (OWL) projectiles 122
6.3.1.3 Pre-fragmented ammunition 122
6.3.1.4 General-purpose caliber 122
6.3.1.5 Green ammunition 122
6.3.1.6 Cased telescoped (CT) ammunition 122
6.3.1.7 Polymer cartridge cases 122
6.3.1.8 Caseless ammunition 123
6.3.1.9 Self-guided smart bullets 123
6.3.1.10 Biodegradable plant-growing bullets 123
6.3.2 SMART WEAPON AMMUNITION 123
6.3.2.1 Precision inertial navigation systems (PINS) 123
6.3.2.2 Micro inertial navigation technology 124
6.3.2.3 Extreme accuracy tasked ordnance 124
6.3.2.4 Inertial measurement units 124
6.4 INNOVATION & PATENT REGISTRATIONS 125
FIGURE 37 NUMBER OF PATENTS GRANTED FOR AMMUNITION MARKET, 2014–2022 125
TABLE 21 IMPORTANT INNOVATIONS & PATENT REGISTRATIONS, 2010–2022 125
6.5 TECHNOLOGY ROADMAP 127
FIGURE 38 INTRODUCTION TO TECHNOLOGY ROADMAP 127
FIGURE 39 EVOLUTION OF KEY TECHNOLOGY 127
FIGURE 40 EMERGING TREND RELATED TO AMMUNITION MARKET 128
7 AMMUNITION MARKET, BY APPLICATION 129
7.1 INTRODUCTION 130
FIGURE 41 DEFENSE SEGMENT IS PROJECTED TO LEAD AMMUNITION MARKET FROM 2023 TO 2028. 130
TABLE 22 AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 130
TABLE 23 AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 131
7.2 DEFENSE 131
TABLE 24 AMMUNITION MARKET, BY DEFENSE, 2020–2022 (USD MILLION) 131
TABLE 25 AMMUNITION MARKET, BY DEFENSE, 2023–2028 (USD MILLION) 131
7.2.1 MILITARY 131
7.2.1.1 Rising intensity of global conflicts to drive market 131
7.2.2 HOMELAND SECURITY 132
7.2.2.1 Rise of unconventional threats to drive market 132
7.3 CIVIL & COMMERCIAL 132
TABLE 26 AMMUNITION MARKET, BY CIVIL & COMMERCIAL APPLICATION, 2020–2022 (USD MILLION) 132
TABLE 27 AMMUNITION MARKET BY CIVIL & COMMERCIAL APPLICATION, 2023–2028 (USD MILLION) 133
7.3.1 SPORTING 133
7.3.1.1 Increasing demand for firearms and airguns to drive market 133
7.3.2 HUNTING 133
7.3.2.1 Increasing demand for precision in hunting activities to drive market 133
7.3.3 SELF-DEFENSE 133
7.3.3.1 Growing concern for personal safety to drive market 133
7.3.4 OTHER CIVIL & COMMERCIAL APPLICATIONS 134
8 AMMUNITION MARKET, BY CALIBER 135
8.1 INTRODUCTION 136
FIGURE 42 MEDIUM-CALIBER AMMUNITION SEGMENT IS PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 136
TABLE 28 AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 136
TABLE 29 AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 136
8.2 SMALL-CALIBER AMMUNITION 137
8.2.1 MODERNIZATION OF ARMED FORCES TO DRIVE MARKET 137
TABLE 30 AMMUNITION MARKET, BY SMALL CALIBER, 2020–2022 (USD MILLION) 137
TABLE 31 AMMUNITION MARKET, BY SMALL CALIBER, 2023–2028 (USD MILLION) 137
8.2.2 9X19 MM PARABELLUM 138
8.2.2.1 Low cost and easy availability to drive market 138
8.2.3 5.56 MM 138
8.2.3.1 Increasing use of military and civilian firearms to drive market 138
8.2.4 7.62 MM 138
8.2.4.1 Rise in procurement from defense forces to drive market 138
8.2.5 338 LAPUA MAGNUM 139
8.2.5.1 Increasing adoption by special forces to drive market 139
8.2.6 338 NORMA MAGNUM 139
8.2.6.1 Increasing adoption by US and Israel armed forces to drive market 139
8.2.7 12.7 MM 139
8.2.7.1 High stopping power, versatility, and widespread adoption to drive market 139
8.2.8 14.5 MM 140
8.2.8.1 Increasing demand in remote weapon stations of naval vessels, aircraft, and armored vehicles to drive market 140
8.2.9 OTHER SMALL-CALIBER AMMUNITION 140
8.3 MEDIUM-CALIBER AMMUNITION 140
8.3.1 RISING DEMAND FROM MILITARY AND LAW ENFORCEMENT TO DRIVE MARKET 140
TABLE 32 AMMUNITION MARKET, BY MEDIUM CALIBER, 2020–2022 (USD MILLION) 140
TABLE 33 AMMUNITION MARKET BY MEDIUM CALIBER, 2023–2028 (USD MILLION) 141
8.3.2 20 MM 141
8.3.2.1 Increasing use in counter-rocket, artillery, and mortar (C-RAM) weapon systems to drive market 141
8.3.3 25 MM 141
8.3.3.1 Increasing use in infantry fighting vehicles to drive market 141
8.3.4 30 MM 141
8.3.4.1 High usage in attack helicopters to drive demand 141
8.3.5 40 MM 142
8.3.5.1 Technological advancements and superior properties to drive market 142
8.4 LARGE-CALIBER AMMUNITION 142
8.4.1 SURGE IN DEMAND DUE TO INCREASED GEO-POLITICAL INSTABILITY TO DRIVE MARKET 142
TABLE 34 AMMUNITION MARKET, BY LARGE CALIBER, 2020–2022 (USD MILLION) 142
TABLE 35 AMMUNITION MARKET BY LARGE CALIBER, 2023–2028 (USD MILLION) 143
8.4.2 60 MM 143
8.4.2.1 Increasing use of mortars to drive market 143
8.4.3 81 MM 143
8.4.3.1 Need for long-range bombardment to drive market 143
8.4.4 120 MM 143
8.4.4.1 Need for robust armored capabilities to drive market 143
8.4.5 155 MM 144
8.4.5.1 Use in long-range artillery applications to drive market 144
8.4.6 OTHER LARGE-CALIBER AMMUNITION 144
8.5 OTHERS 144
9 AMMUNITION MARKET, BY PRODUCT 145
9.1 INTRODUCTION 146
FIGURE 43 ARTILLERY SHELLS TO ACCOUNT FOR HIGHEST MARKET SHARE DURING FORECAST PERIOD 146
TABLE 36 AMMUNITION MARKET, BY PRODUCT, 2020–2022 (USD MILLION) 146
TABLE 37 AMMUNITION MARKET, BY PRODUCT, 2023–2028 (USD MILLION) 146
9.2 BULLETS 147
9.2.1 HIGH DEMAND FROM INFANTRY SOLDIERS, HOMELAND SECURITY PERSONNEL, AND CIVILIANS TO DRIVE MARKET 147
9.3 AERIAL BOMBS 147
9.3.1 UNPARALLELED IMPACT AND VERSATILITY TO DRIVE MARKET 147
9.4 GRENADES 147
9.4.1 PORTABILITY AND MINIMAL TRAINING REQUIREMENTS TO DRIVE MARKET 147
9.5 ARTILLERY SHELLS 148
9.5.1 MILITARY MODERNIZATION PROGRAMS TO DRIVE MARKET 148
9.6 MORTARS 148
9.6.1 ABILITY TO DELIVER HIGH-ANGLE FIRE TO DRIVE MARKET 148
10 AMMUNITION MARKET, BY COMPONENT 149
10.1 INTRODUCTION 150
FIGURE 44 PROJECTILES & WARHEADS SEGMENT PROJECTED TO LEAD AMMUNITION MARKET FROM 2023 TO 2028 150
TABLE 38 AMMUNITION MARKET, BY COMPONENT, 2020–2022 (USD MILLION) 150
TABLE 39 AMMUNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 150
10.2 FUZES & PRIMERS 151
10.2.1 PRIMERS 151
10.2.1.1 Increasing global demand for firearms, self-defense, sporting, and military purposes to drive market 151
10.2.1.2 Rimfire primers 151
10.2.1.2.1 High demand for low-cost ammunition to drive market 151
10.2.1.3 Centerfire primers 151
10.2.1.3.1 Widely used in various firearm applications to drive market 151
10.2.2 FUZES 152
10.2.2.1 Wide applicability of fuzes in ammunition products to drive market 152
10.2.2.2 Time fuzes 152
10.2.2.2.1 High adoption in large-caliber ammunition to drive market 152
10.2.2.3 Impact fuzes 152
10.2.2.3.1 Growing adoption in conventional ammunition to drive market 152
10.2.2.4 Proximity fuzes 152
10.2.2.4.1 Increasing use in anti-aircraft applications to drive market 152
10.2.2.5 Combination fuzes 153
10.2.2.5.1 Increasing adoption in new range guided ammunition to drive market 153
10.3 PROPELLANTS 153
10.3.1 HIGH DEMAND FOR ARTILLERY SHELLS TO DRIVE MARKET 153
10.4 BASES 153
10.4.1 HIGH DEMAND FOR COPPER BASE IN CONVENTIONAL AMMUNITION TO DRIVE MARKET 153
10.5 PROJECTILES AND WARHEADS 154
10.5.1 INCREASING DEVELOPMENT OF NEW VARIETIES OF WARHEADS TO DRIVE MARKET 154
10.6 OTHERS 154
11 AMMUNITION MARKET, BY GUIDANCE MECHANISM 155
11.1 INTRODUCTION 156
FIGURE 45 NON-GUIDED SEGMENT PROJECTED TO GROW AT HIGHER CAGR FROM 2023 TO 2028 156
TABLE 40 AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2020–2022 (USD MILLION) 156
TABLE 41 AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2023–2028 (USD MILLION) 156
11.2 GUIDED 157
11.2.1 LOW COLLATERAL DAMAGE TO DRIVE MARKET 157
11.3 NON-GUIDED 157
11.3.1 LOW COST AND VERSATILITY TO DRIVE MARKET 157
12 AMMUNITION MARKET, BY LETHALITY 158
12.1 INTRODUCTION 159
FIGURE 46 LETHAL SEGMENT PROJECTED TO LEAD MARKET FROM 2023 TO 2028 159
TABLE 42 AMMUNITION MARKET, BY LETHALITY, 2020–2022 (USD MILLION) 159
TABLE 43 AMMUNITION MARKET, BY LETHALITY, 2023–2028 (USD MILLION) 159
12.2 LESS LETHAL 160
12.2.1 RISING ADOPTION AMONG LAW ENFORCEMENT FOR CIVIL DISTURBANCES TO DRIVE MARKET 160
12.3 LETHAL 160
12.3.1 INCREASING DEFENSE EXPENDITURES & SOCIAL UNREST TO DRIVE MARKET 160
13 REGIONAL ANALYSIS 161
13.1 INTRODUCTION 162
FIGURE 47 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF AMMUNITION MARKET IN 2022 162
TABLE 44 AMMUNITION MARKET, BY REGION, 2020–2022 (USD MILLION) 162
TABLE 45 AMMUNITION MARKET, BY REGION, 2023–2028 (USD MILLION) 163
TABLE 46 AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 163
TABLE 47 AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 163
TABLE 48 AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 163
TABLE 49 AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 163
TABLE 50 AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 164
TABLE 51 AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 164
TABLE 52 AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 164
TABLE 53 AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 164
TABLE 54 SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 165
TABLE 55 SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 165
TABLE 56 MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 165
TABLE 57 MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 166
TABLE 58 LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 166
TABLE 59 LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 166
TABLE 60 AMMUNITION MARKET, BY PRODUCT, 2020–2022 (USD MILLION) 166
TABLE 61 AMMUNITION MARKET, BY PRODUCT, 2023–2028 (USD MILLION) 167
TABLE 62 AMMUNITION MARKET, BY COMPONENT, 2020–2022 (USD MILLION) 167
TABLE 63 AMMUNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 167
TABLE 64 AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2020–2022 (USD MILLION) 167
TABLE 65 AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2023–2028 (USD MILLION) 168
TABLE 66 AMMUNITION MARKET, BY LETHALITY, 2020–2022 (USD MILLION) 168
TABLE 67 AMMUNITION MARKET, BY LETHALITY, 2023–2028 (USD MILLION) 168
13.2 REGIONAL RECESSION IMPACT ANALYSIS 168
TABLE 68 REGIONAL RECESSION IMPACT ANALYSIS 169
13.3 DEFENSE PROGRAM MAPPING 170
TABLE 69 GLOBAL: AMMUNITION DEFENSE PROGRAM MAPPING 170
13.4 NORTH AMERICA 172
13.4.1 PESTLE ANALYSIS 172
13.4.2 RECESSION IMPACT ANALYSIS 173
FIGURE 48 NORTH AMERICA: AMMUNITION MARKET SNAPSHOT 174
TABLE 70 NORTH AMERICA: AMMUNITION MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 174
TABLE 71 NORTH AMERICA: AMMUNITION MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 174
TABLE 72 NORTH AMERICA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 175
TABLE 73 NORTH AMERICA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 175
TABLE 74 NORTH AMERICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 175
TABLE 75 NORTH AMERICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 175
TABLE 76 NORTH AMERICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 176
TABLE 77 NORTH AMERICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 176
TABLE 78 NORTH AMERICA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 176
TABLE 79 NORTH AMERICA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 176
TABLE 80 NORTH AMERICA: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 177
TABLE 81 NORTH AMERICA: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 177
TABLE 82 NORTH AMERICA: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 177
TABLE 83 NORTH AMERICA: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 178
TABLE 84 NORTH AMERICA: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 178
TABLE 85 NORTH AMERICA: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 178
TABLE 86 NORTH AMERICA: AMMUNITION MARKET, BY PRODUCT, 2020–2022 (USD MILLION) 179
TABLE 87 NORTH AMERICA: AMMUNITION MARKET, BY PRODUCT, 2023–2028 (USD MILLION) 179
TABLE 88 NORTH AMERICA: AMMUNITION MARKET, BY COMPONENT, 2020–2022 (USD MILLION) 179
TABLE 89 NORTH AMERICA: AMMUNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 179
TABLE 90 NORTH AMERICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2020–2022 (USD MILLION) 180
TABLE 91 NORTH AMERICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2023–2028 (USD MILLION) 180
TABLE 92 NORTH AMERICA: AMMUNITION MARKET, BY LETHALITY, 2020–2022 (USD MILLION) 180
TABLE 93 NORTH AMERICA: AMMUNITION MARKET, BY LETHALITY, 2023–2028 (USD MILLION) 180
13.4.3 US 180
13.4.3.1 Rise in demand for ammunition for civilian applications to drive market. 180
TABLE 94 US: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 181
TABLE 95 US: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 181
TABLE 96 US: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 181
TABLE 97 US: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 182
TABLE 98 US: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 182
TABLE 99 US: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 182
TABLE 100 US: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 182
TABLE 101 US: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 183
TABLE 102 US: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 183
TABLE 103 US: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 184
TABLE 104 US: MILITARY SMALL-CALIBER AMMUNITION, BY ROUNDS CONSUMPTION, 2020–2022 (MILLION UNIT) 184
TABLE 105 US: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2023–2028 (MILLION UNIT) 185
13.4.4 CANADA 185
13.4.4.1 Critical shortage in artillery shells to drive market 185
TABLE 106 CANADA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 185
TABLE 107 CANADA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 185
TABLE 108 CANADA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 186
TABLE 109 CANADA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 186
TABLE 110 CANADA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 186
TABLE 111 CANADA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 186
TABLE 112 CANADA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 187
TABLE 113 CANADA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 187
TABLE 114 CANADA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 187
TABLE 115 CANADA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 188
13.5 EUROPE 188
13.5.1 PESTLE ANALYSIS 188
13.5.2 RECESSION IMPACT ANALYSIS 189
FIGURE 49 EUROPE: AMMUNITION MARKET SNAPSHOT 190
TABLE 116 EUROPE: AMMUNITION MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 190
TABLE 117 EUROPE: AMMUNITION MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 191
TABLE 118 EUROPE: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 191
TABLE 119 EUROPE: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 191
TABLE 120 EUROPE: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 191
TABLE 121 EUROPE: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 192
TABLE 122 EUROPE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 192
TABLE 123 EUROPE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 192
TABLE 124 EUROPE: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 192
TABLE 125 EUROPE: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 193
TABLE 126 EUROPE: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 193
TABLE 127 EUROPE: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 193
TABLE 128 EUROPE: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 194
TABLE 129 EUROPE: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 194
TABLE 130 EUROPE: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 194
TABLE 131 EUROPE: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 194
TABLE 132 EUROPE: AMMUNITION MARKET, BY PRODUCT, 2020–2022 (USD MILLION) 195
TABLE 133 EUROPE: AMMUNITION MARKET, BY PRODUCT, 2023–2028 (USD MILLION) 195
TABLE 134 EUROPE: AMMUNITION MARKET, BY COMPONENT, 2020–2022 (USD MILLION) 195
TABLE 135 EUROPE: AMMUNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 196
TABLE 136 EUROPE: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2020–2022 (USD MILLION) 196
TABLE 137 EUROPE: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2023–2028 (USD MILLION) 196
TABLE 138 EUROPE: AMMUNITION MARKET, BY LETHALITY, 2020–2022 (USD MILLION) 196
TABLE 139 EUROPE: AMMUNITION MARKET, BY LETHALITY, 2023–2028 (USD MILLION) 197
13.5.3 UK 197
13.5.3.1 NGMS program to drive market 197
TABLE 140 UK: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 197
TABLE 141 UK: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 197
TABLE 142 UK: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 197
TABLE 143 UK: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 198
TABLE 144 UK: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 198
TABLE 145 UK: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 198
TABLE 146 UK: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 198
TABLE 147 UK: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 199
TABLE 148 UK: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 199
TABLE 149 UK: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 199
TABLE 150 UK: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2020–2022 (MILLION UNIT) 200
TABLE 151 UK: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2023–2028 (MILLION UNIT) 200
13.5.4 FRANCE 201
13.5.4.1 Increase in military and ammunition budget to drive market 201
TABLE 152 FRANCE: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 201
TABLE 153 FRANCE: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 201
TABLE 154 FRANCE: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 201
TABLE 155 FRANCE: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 201
TABLE 156 FRANCE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 202
TABLE 157 FRANCE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 202
TABLE 158 FRANCE: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 202
TABLE 159 FRANCE: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 202
TABLE 160 FRANCE: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 203
TABLE 161 FRANCE: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 203
TABLE 162 FRANCE: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY ROUNDS CONSUMPTION, 2020–2022 (MILLION UNIT) 203
TABLE 163 FRANCE: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY ROUNDS CONSUMPTION, 2023–2028 (MILLION UNIT) 204
13.5.5 RUSSIA 204
13.5.5.1 Ongoing conflict with Ukraine to drive market 204
TABLE 164 RUSSIA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 204
TABLE 165 RUSSIA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 204
TABLE 166 RUSSIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 205
TABLE 167 RUSSIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 205
TABLE 168 RUSSIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 205
TABLE 169 RUSSIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 205
TABLE 170 RUSSIA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 206
TABLE 171 RUSSIA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 206
TABLE 172 RUSSIA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 206
TABLE 173 RUSSIA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 206
13.5.6 GERMANY 207
13.5.6.1 Presence of key market players to propel demand for ammunition 207
TABLE 174 GERMANY: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 207
TABLE 175 GERMANY: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 207
TABLE 176 GERMANY: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 207
TABLE 177 GERMANY: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 207
TABLE 178 GERMANY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 208
TABLE 179 GERMANY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 208
TABLE 180 GERMANY: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 208
TABLE 181 GERMANY: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 208
TABLE 182 GERMANY: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 209
TABLE 183 GERMANY: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 209
TABLE 184 GERMANY: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2020–2022 (MILLION UNIT) 210
TABLE 185 GERMANY: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2023–2028 (MILLION UNIT) 210
13.5.7 ITALY 211
13.5.7.1 Rising counter-terror operations to drive market 211
TABLE 186 ITALY: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 211
TABLE 187 ITALY: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 211
TABLE 188 ITALY: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 211
TABLE 189 ITALY: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 212
TABLE 190 ITALY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 212
TABLE 191 ITALY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 212
TABLE 192 ITALY: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 212
TABLE 193 ITALY: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 213
TABLE 194 ITALY: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 213
TABLE 195 ITALY: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 213
13.5.8 SPAIN 214
13.5.8.1 Rising demand for mortar and artillery ammunition to drive market 214
TABLE 196 SPAIN: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 214
TABLE 197 SPAIN: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 214
TABLE 198 SPAIN: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 214
TABLE 199 SPAIN: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 215
TABLE 200 SPAIN: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 215
TABLE 201 SPAIN: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 215
TABLE 202 SPAIN: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 215
TABLE 203 SPAIN: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 216
TABLE 204 SPAIN: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 216
TABLE 205 SPAIN: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 216
13.5.9 POLAND 216
13.5.9.1 National Ammunition Reserve program to drive market 216
TABLE 206 POLAND: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 217
TABLE 207 POLAND: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 217
TABLE 208 POLAND: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 217
TABLE 209 POLAND: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 217
TABLE 210 POLAND: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 218
TABLE 211 POLAND: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 218
TABLE 212 POLAND: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 218
TABLE 213 POLAND: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 218
TABLE 214 POLAND: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 219
TABLE 215 POLAND: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 219
13.5.10 REST OF EUROPE 219
TABLE 216 REST OF EUROPE: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 220
TABLE 217 REST OF EUROPE: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 220
TABLE 218 REST OF EUROPE: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 220
TABLE 219 REST OF EUROPE: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 220
TABLE 220 REST OF EUROPE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 221
TABLE 221 REST OF EUROPE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 221
TABLE 222 REST OF EUROPE: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 221
TABLE 223 REST OF EUROPE: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 221
TABLE 224 REST OF EUROPE: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 222
TABLE 225 REST OF EUROPE: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 222
13.6 ASIA PACIFIC 222
13.6.1 PESTLE ANALYSIS 223
13.6.2 RECESSION IMPACT ANALYSIS 224
FIGURE 50 ASIA PACIFIC: AMMUNITION MARKET SNAPSHOT 224
TABLE 226 ASIA PACIFIC: AMMUNITION MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 225
TABLE 227 ASIA PACIFIC: AMMUNITION MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 225
TABLE 228 ASIA PACIFIC: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 225
TABLE 229 ASIA PACIFIC: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 226
TABLE 230 ASIA PACIFIC: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 226
TABLE 231 ASIA PACIFIC: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 226
TABLE 232 ASIA PACIFIC: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 226
TABLE 233 ASIA PACIFIC: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 227
TABLE 234 ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 227
TABLE 235 ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 227
TABLE 236 ASIA PACIFIC: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 228
TABLE 237 ASIA PACIFIC: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 228
TABLE 238 ASIA PACIFIC: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 228
TABLE 239 ASIA PACIFIC: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 229
TABLE 240 ASIA PACIFIC: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 229
TABLE 241 ASIA PACIFIC: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 229
TABLE 242 ASIA PACIFIC: AMMUNITION MARKET, BY PRODUCT, 2020–2022 (USD MILLION) 230
TABLE 243 ASIA PACIFIC: AMMUNITION MARKET, BY PRODUCT, 2023–2028 (USD MILLION) 230
TABLE 244 ASIA PACIFIC: AMMUNITION MARKET, BY COMPONENT, 2020–2022 (USD MILLION) 230
TABLE 245 ASIA PACIFIC: AMMUNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 231
TABLE 246 ASIA PACIFIC: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2020–2022 (USD MILLION) 231
TABLE 247 ASIA PACIFIC: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2023–2028 (USD MILLION) 231
TABLE 248 ASIA PACIFIC: AMMUNITION MARKET, BY LETHALITY, 2020–2022 (USD MILLION) 231
TABLE 249 ASIA PACIFIC: AMMUNITION MARKET, BY LETHALITY, 2023–2028 (USD MILLION) 232
13.6.3 CHINA 232
13.6.3.1 Geopolitical tensions with neighboring countries to increase procurement of ammunition 232
TABLE 250 CHINA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 232
TABLE 251 CHINA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 232
TABLE 252 CHINA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 233
TABLE 253 CHINA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 233
TABLE 254 CHINA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 233
TABLE 255 CHINA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 233
TABLE 256 CHINA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 234
TABLE 257 CHINA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 234
TABLE 258 CHINA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 234
TABLE 259 CHINA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 234
13.6.4 INDIA 235
13.6.4.1 Growing focus on indigenous manufacturing of ammunition to drive market 235
TABLE 260 INDIA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 235
TABLE 261 INDIA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 235
TABLE 262 INDIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 235
TABLE 263 INDIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 236
TABLE 264 INDIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 236
TABLE 265 INDIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 236
TABLE 266 INDIA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 236
TABLE 267 INDIA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 237
TABLE 268 INDIA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 237
TABLE 269 INDIA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 237
TABLE 270 INDIA: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2020–2022 (MILLION UNIT) 238
TABLE 271 INDIA: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2023–2028 (MILLION UNIT) 238
13.6.5 JAPAN 238
13.6.5.1 Increase in budget for ammunition to drive growth 238
TABLE 272 JAPAN: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 239
TABLE 273 JAPAN: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 239
TABLE 274 JAPAN: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 239
TABLE 275 JAPAN: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 239
TABLE 276 JAPAN: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 239
TABLE 277 JAPAN: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 240
TABLE 278 JAPAN: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 240
TABLE 279 JAPAN: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 240
TABLE 280 JAPAN: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 241
TABLE 281 JAPAN: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 241
TABLE 282 JAPAN: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2020–2022 (MILLION UNIT) 241
TABLE 283 JAPAN: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2023–2028 (MILLION UNIT) 242
13.6.6 SOUTH KOREA 242
13.6.6.1 Rising defense exports to drive market 242
TABLE 284 SOUTH KOREA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 242
TABLE 285 SOUTH KOREA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 242
TABLE 286 SOUTH KOREA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 243
TABLE 287 SOUTH KOREA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 243
TABLE 288 SOUTH KOREA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 243
TABLE 289 SOUTH KOREA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 243
TABLE 290 SOUTH KOREA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 244
TABLE 291 SOUTH KOREA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 244
TABLE 292 SOUTH KOREA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 244
TABLE 293 SOUTH KOREA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 245
TABLE 294 SOUTH KOREA: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2020–2022 (MILLION UNIT) 245
TABLE 295 SOUTH KOREA: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2023–2028 (MILLION UNIT) 245
13.6.7 AUSTRALIA 246
13.6.7.1 Government contracts and increase in budget for ammunition to drive market 246
TABLE 296 AUSTRALIA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 246
TABLE 297 AUSTRALIA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 246
TABLE 298 AUSTRALIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 246
TABLE 299 AUSTRALIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 246
TABLE 300 AUSTRALIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 247
TABLE 301 AUSTRALIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 247
TABLE 302 AUSTRALIA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 247
TABLE 303 AUSTRALIA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 247
TABLE 304 AUSTRALIA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 248
TABLE 305 AUSTRALIA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 248
13.6.8 SINGAPORE 248
13.6.8.1 Focus on strengthening military capabilities to fuel market 248
TABLE 306 SINGAPORE: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 248
TABLE 307 SINGAPORE: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 249
TABLE 308 SINGAPORE: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 249
TABLE 309 SINGAPORE: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 249
TABLE 310 SINGAPORE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 249
TABLE 311 SINGAPORE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 250
TABLE 312 SINGAPORE: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 250
TABLE 313 SINGAPORE: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 250
TABLE 314 SINGAPORE: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 250
TABLE 315 SINGAPORE: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 251
13.6.9 INDONESIA 251
13.6.9.1 Modernizing armed forces to act as major driver of market 251
TABLE 316 INDONESIA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 251
TABLE 317 INDONESIA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 251
TABLE 318 INDONESIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 252
TABLE 319 INDONESIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 252
TABLE 320 INDONESIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 252
TABLE 321 INDONESIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 252
TABLE 322 INDONESIA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 253
TABLE 323 INDONESIA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 253
TABLE 324 INDONESIA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 253
TABLE 325 INDONESIA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 254
13.6.10 VIETNAM 254
13.6.10.1 Growth in military capabilities to support ammunition market 254
TABLE 326 VIETNAM: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 254
TABLE 327 VIETNAM: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 254
TABLE 328 VIETNAM: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 254
TABLE 329 VIETNAM: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 255
TABLE 330 VIETNAM: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 255
TABLE 331 VIETNAM: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 255
TABLE 332 VIETNAM: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 255
TABLE 333 VIETNAM: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 256
TABLE 334 VIETNAM: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 256
TABLE 335 VIETNAM: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 256
13.6.11 REST OF ASIA PACIFIC 256
TABLE 336 REST OF ASIA PACIFIC: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 257
TABLE 337 REST OF ASIA PACIFIC: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 257
TABLE 338 REST OF ASIA PACIFIC: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 257
TABLE 339 REST OF ASIA PACIFIC: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 257
TABLE 340 REST OF ASIA PACIFIC: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 258
TABLE 341 REST OF ASIA PACIFIC: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 258
TABLE 342 REST OF ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 258
TABLE 343 REST OF ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 258
TABLE 344 REST OF ASIA PACIFIC: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 259
TABLE 345 REST OF ASIA PACIFIC: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 259
13.7 AFRICA 259
13.7.1 PESTLE ANALYSIS 260
13.7.2 RECESSION IMPACT ANALYSIS 260
TABLE 346 AFRICA: AMMUNITION MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 261
TABLE 347 AFRICA: AMMUNITION MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 261
TABLE 348 AFRICA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 261
TABLE 349 AFRICA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 261
TABLE 350 AFRICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 261
TABLE 351 AFRICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 262
TABLE 352 AFRICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 262
TABLE 353 AFRICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 262
TABLE 354 AFRICA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 262
TABLE 355 AFRICA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 263
TABLE 356 AFRICA: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 263
TABLE 357 AFRICA: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 263
TABLE 358 AFRICA: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 264
TABLE 359 AFRICA: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 264
TABLE 360 AFRICA: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 264
TABLE 361 AFRICA: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 264
TABLE 362 AFRICA: AMMUNITION MARKET, BY PRODUCT, 2020–2022 (USD MILLION) 265
TABLE 363 AFRICA: AMMUNITION MARKET, BY PRODUCT, 2023–2028 (USD MILLION) 265
TABLE 364 AFRICA: AMMUNITION MARKET, BY COMPONENT, 2020–2022 (USD MILLION) 265
TABLE 365 AFRICA: AMMUNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 266
TABLE 366 AFRICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2020–2022 (USD MILLION) 266
TABLE 367 AFRICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2023–2028 (USD MILLION) 266
TABLE 368 AFRICA: AMMUNITION MARKET, BY LETHALITY, 2020–2022 (USD MILLION) 266
TABLE 369 AFRICA: AMMUNITION MARKET, BY LETHALITY, 2023–2028 (USD MILLION) 266
13.7.3 SOUTH AFRICA 267
13.7.3.1 Rise in defense exports to drive market 267
TABLE 370 SOUTH AFRICA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 267
TABLE 371 SOUTH AFRICA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 267
TABLE 372 SOUTH AFRICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 267
TABLE 373 SOUTH AFRICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 267
TABLE 374 SOUTH AFRICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 268
TABLE 375 SOUTH AFRICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 268
TABLE 376 SOUTH AFRICA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 268
TABLE 377 SOUTH AFRICA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 268
TABLE 378 SOUTH AFRICA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 269
TABLE 379 SOUTH AFRICA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 269
13.7.4 EGYPT 269
13.7.4.1 Replacement of aging military equipment to drive market 269
TABLE 380 EGYPT: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 269
TABLE 381 EGYPT: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 270
TABLE 382 EGYPT: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 270
TABLE 383 EGYPT: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 270
TABLE 384 EGYPT: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 270
TABLE 385 EGYPT: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 271
TABLE 386 EGYPT: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 271
TABLE 387 EGYPT: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 271
TABLE 388 EGYPT: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 271
TABLE 389 EGYPT: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 272
13.7.5 ALGERIA 272
13.7.5.1 Focus on indigenous development of ammunitions to drive market 272
TABLE 390 ALGERIA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 272
TABLE 391 ALGERIA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 272
TABLE 392 ALGERIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 273
TABLE 393 ALGERIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 273
TABLE 394 ALGERIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 273
TABLE 395 ALGERIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 273
TABLE 396 ALGERIA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 274
TABLE 397 ALGERIA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 274
TABLE 398 ALGERIA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 274
TABLE 399 ALGERIA: SMALL-CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 274
13.8 MIDDLE EAST 275
13.8.1 PESTLE ANALYSIS 275
13.8.2 RECESSION IMPACT ANALYSIS 276
FIGURE 51 MIDDLE EAST: AMMUNITION MARKET SNAPSHOT 277
TABLE 400 MIDDLE EAST: AMMUNITION MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 277
TABLE 401 MIDDLE EAST: AMMUNITION MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 278
TABLE 402 MIDDLE EAST: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 278
TABLE 403 MIDDLE EAST: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 278
TABLE 404 MIDDLE EAST: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 278
TABLE 405 MIDDLE EAST: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 279
TABLE 406 MIDDLE EAST: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 279
TABLE 407 MIDDLE EAST: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 279
TABLE 408 MIDDLE EAST: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 279
TABLE 409 MIDDLE EAST: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 280
TABLE 410 MIDDLE EAST: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 280
TABLE 411 MIDDLE EAST: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 280
TABLE 412 MIDDLE EAST: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 281
TABLE 413 MIDDLE EAST: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 281
TABLE 414 MIDDLE EAST: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 281
TABLE 415 MIDDLE EAST: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 282
TABLE 416 MIDDLE EAST: AMMUNITION MARKET, BY PRODUCT, 2020–2022 (USD MILLION) 282
TABLE 417 MIDDLE EAST: AMMUNITION MARKET, BY PRODUCT, 2023–2028 (USD MILLION) 282
TABLE 418 MIDDLE EAST: AMMUNITION MARKET, BY COMPONENT, 2020–2022 (USD MILLION) 283
TABLE 419 MIDDLE EAST: AMMUNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 283
TABLE 420 MIDDLE EAST: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2020–2022 (USD MILLION) 283
TABLE 421 MIDDLE EAST: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2023–2028 (USD MILLION) 283
TABLE 422 MIDDLE EAST: AMMUNITION MARKET, BY LETHALITY, 2020–2022 (USD MILLION) 284
TABLE 423 MIDDLE EAST: AMMUNITION MARKET, BY LETHALITY, 2023–2028 (USD MILLION) 284
13.8.3 SAUDI ARABIA 284
13.8.3.1 Increased defense spending to drive market 284
TABLE 424 SAUDI ARABIA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 284
TABLE 425 SAUDI ARABIA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 285
TABLE 426 SAUDI ARABIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 285
TABLE 427 SAUDI ARABIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 285
TABLE 428 SAUDI ARABIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 285
TABLE 429 SAUDI ARABIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 286
TABLE 430 SAUDI ARABIA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 286
TABLE 431 SAUDI ARABIA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 286
TABLE 432 SAUDI ARABIA: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 286
TABLE 433 SAUDI ARABIA: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 287
TABLE 434 SAUDI ARABIA: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2020–2022 (MILLION UNIT) 287
TABLE 435 SAUDIA ARABIA: MILITARY SMALL-CALIBER AMMUNITION MARKET, BY ROUNDS CONSUMPTION, 2023–2028 (MILLION UNIT) 287
13.8.4 TURKEY 287
13.8.4.1 Focus on strengthening its armed forces to fuel market 287
TABLE 436 TURKEY: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 288
TABLE 437 TURKEY:: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 288
TABLE 438 TURKEY: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 288
TABLE 439 TURKEY: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 288
TABLE 440 TURKEY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 289
TABLE 441 TURKEY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 289
TABLE 442 TURKEY: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 289
TABLE 443 TURKEY: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 289
TABLE 444 TURKEY: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 290
TABLE 445 TURKEY: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 290
13.8.5 ISRAEL 290
13.8.5.1 Rising conflict with Hamas and military partnership with US to drive market 290
TABLE 446 ISRAEL: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 291
TABLE 447 ISRAEL: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 291
TABLE 448 ISRAEL: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 291
TABLE 449 ISRAEL: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 291
TABLE 450 ISRAEL: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 291
TABLE 451 ISRAEL: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 292
TABLE 452 ISRAEL: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 292
TABLE 453 ISRAEL: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 292
TABLE 454 ISRAEL: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 293
TABLE 455 ISRAEL: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 293
13.8.6 UAE 293
13.8.6.1 Rise in government contracts for ammunition to drive market 293
TABLE 456 UAE: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 294
TABLE 457 UAE: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 294
TABLE 458 UAE: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 294
TABLE 459 UAE: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 294
TABLE 460 UAE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 295
TABLE 461 UAE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 295
TABLE 462 UAE: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 295
TABLE 463 UAE: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 295
TABLE 464 UAE: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 296
TABLE 465 UAE: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 296
13.8.7 REST OF MIDDLE EAST 296
TABLE 466 REST OF MIDDLE EAST: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 296
TABLE 467 REST OF MIDDLE EAST: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 297
TABLE 468 REST OF MIDDLE EAST: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 297
TABLE 469 REST OF MIDDLE EAST: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 297
TABLE 470 REST OF MIDDLE EAST: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 297
TABLE 471 REST OF MIDDLE EAST: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 298
TABLE 472 REST OF MIDDLE EAST: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 298
TABLE 473 REST OF MIDDLE EAST: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 298
TABLE 474 REST OF MIDDLE EAST: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 298
TABLE 475 REST OF MIDDLE EAST: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 299
13.9 LATIN AMERICA 299
13.9.1 PESTLE ANALYSIS 299
13.9.2 RECESSION IMPACT ANALYSIS 300
FIGURE 52 LATIN AMERICA: AMMUNITION MARKET SNAPSHOT 301
TABLE 476 LATIN AMERICA: AMMUNITION MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 301
TABLE 477 LATIN AMERICA: AMMUNITION MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 302
TABLE 478 LATIN AMERICA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 302
TABLE 479 LATIN AMERICA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 302
TABLE 480 LATIN AMERICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 302
TABLE 481 LATIN AMERICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 302
TABLE 482 LATIN AMERICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 303
TABLE 483 LATIN AMERICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 303
TABLE 484 LATIN AMERICA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 303
TABLE 485 LATIN AMERICA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 303
TABLE 486 LATIN AMERICA: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 304
TABLE 487 LATIN AMERICA: SMALL-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 304
TABLE 488 LATIN AMERICA: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 304
TABLE 489 LATIN AMERICA: MEDIUM-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 305
TABLE 490 LATIN AMERICA: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2020–2022 (USD MILLION) 305
TABLE 491 LATIN AMERICA: LARGE-CALIBER AMMUNITION MARKET, BY TYPE, 2023–2028 (USD MILLION) 305
TABLE 492 LATIN AMERICA: AMMUNITION MARKET, BY PRODUCT, 2020–2022 (USD MILLION) 306
TABLE 493 LATIN AMERICA: AMMUNITION MARKET, BY PRODUCT, 2023–2028 (USD MILLION) 306
TABLE 494 LATIN AMERICA: AMMUNITION MARKET, BY COMPONENT, 2020–2022 (USD MILLION) 306
TABLE 495 LATIN AMERICA: AMMUNITION MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 307
TABLE 496 LATIN AMERICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2020–2022 (USD MILLION) 307
TABLE 497 LATIN AMERICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2023–2028 (USD MILLION) 307
TABLE 498 LATIN AMERICA: AMMUNITION MARKET, BY LETHALITY, 2020–2022 (USD MILLION) 307
TABLE 499 LATIN AMERICA: AMMUNITION MARKET, BY LETHALITY, 2023–2028 (USD MILLION) 308
13.9.3 BRAZIL 308
13.9.3.1 Rise in drug abuse and cartel violence to drive market 308
TABLE 500 BRAZIL: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 308
TABLE 501 BRAZIL: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 308
TABLE 502 BRAZIL: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 308
TABLE 503 BRAZIL: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 309
TABLE 504 BRAZIL: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 309
TABLE 505 BRAZIL: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 309
TABLE 506 BRAZIL: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 309
TABLE 507 BRAZIL: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 310
TABLE 508 BRAZIL: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 310
TABLE 509 BRAZIL: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 310
13.9.4 ARGENTINA 310
13.9.4.1 Focus on strengthening capabilities of armed forces to fuel market 310
TABLE 510 ARGENTINA: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 311
TABLE 511 ARGENTINA: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 311
TABLE 512 ARGENTINA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 311
TABLE 513 ARGENTINA: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 311
TABLE 514 ARGENTINA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 311
TABLE 515 ARGENTINA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 312
TABLE 516 ARGENTINA: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 312
TABLE 517 ARGENTINA: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 312
TABLE 518 ARGENTINA: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 312
TABLE 519 ARGENTINA: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 313
13.9.5 MEXICO 313
13.9.5.1 Presence of drug cartels and increase in drug trafficking to drive demand for small-caliber ammunition 313
TABLE 520 MEXICO: AMMUNITION MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 313
TABLE 521 MEXICO: AMMUNITION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 313
TABLE 522 MEXICO: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2020–2022 (USD MILLION) 314
TABLE 523 MEXICO: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2023–2028 (USD MILLION) 314
TABLE 524 MEXICO: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2020–2022 (USD MILLION) 314
TABLE 525 MEXICO: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE, 2023–2028 (USD MILLION) 314
TABLE 526 MEXICO: AMMUNITION MARKET, BY CALIBER, 2020–2022 (USD MILLION) 315
TABLE 527 MEXICO: AMMUNITION MARKET, BY CALIBER, 2023–2028 (USD MILLION) 315
TABLE 528 MEXICO: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2020–2022 (USD MILLION) 315
TABLE 529 MEXICO: SMALL-CALIBER AMMUNITION MARKET, BY NATO GRADE CALIBER, 2023–2028 (USD MILLION) 315
14 COMPETITIVE LANDSCAPE 316
14.1 INTRODUCTION 316
14.2 KEY PLAYERS STRATEGIES 316
TABLE 530 OVERVIEW OF STRATEGIES ADOPTED BY KEY AMMUNITION MARKET PLAYERS 316
14.3 RANKING ANALYSIS 319
FIGURE 53 MARKET RANKING OF KEY PLAYERS, 2022 319
14.4 MARKET SHARE ANALYSIS, 2022 321
FIGURE 54 MARKET SHARE OF KEY PLAYERS, 2022 321
TABLE 531 AMMUNITION MARKET: DEGREE OF COMPETITION 322
14.5 REVENUE ANALYSIS, 2020–2022 322
FIGURE 55 REVENUE ANALYSIS OF KEY PLAYERS, 2020–2022 (USD MILLION) 322
14.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 323
14.6.1 STARS 323
14.6.2 EMERGING LEADERS 323
14.6.3 PERVASIVE PLAYERS 323
14.6.4 PARTICIPANTS 323
FIGURE 56 COMPANY EVALUATION MATRIX, 2022 323
14.6.5 COMPANY FOOTPRINT 324
FIGURE 57 COMPANY FOOTPRINT 324
TABLE 532 AMMUNITION MARKET: APPLICATION FOOTPRINT 325
TABLE 533 AMMUNITION MARKET: REGION FOOTPRINT 325
TABLE 534 AMMUNITION MARKET: CALIBER FOOTPRINT 326
14.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 327
14.7.1 PROGRESSIVE COMPANIES 327
14.7.2 RESPONSIVE COMPANIES 327
14.7.3 DYNAMIC COMPANIES 327
14.7.4 STARTING BLOCKS 327
FIGURE 58 STARTUPS/SMES EVALUATION MATRIX, 2022 328
14.7.5 COMPETITIVE BENCHMARKING 328
TABLE 535 AMMUNITION MARKET: KEY STARTUPS/SMES 328
TABLE 536 AMMUNITION MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES] 329
14.8 COMPANY VALUATION AND FINANCIAL METRICS 329
FIGURE 59 AMMUNITION MARKET: COMPANY VALUATION, 2022 329
FIGURE 60 AMMUNITION MARKET: COMPANIES FINANCIAL METRICS, 2022 330
FIGURE 61 AMMUNITION MARKET: PRODUCT COMPARISON OF KEY PLAYERS 330
14.9 COMPETITIVE SCENARIO 330
14.9.1 DEALS 330
TABLE 537 AMMUNITION MARKET: DEALS, JANUARY 2020– JANUARY 2024 331
14.9.2 OTHER DEVELOPMENTS 331
TABLE 538 AMMUNITION MARKET: OTHER DEVELOPMENTS, JANUARY 2020– JANUARY 2024 331
15 COMPANY PROFILES 334
15.1 INTRODUCTION 334
15.2 KEY PLAYERS 334
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices made, and Weaknesses and Competitive threats)*
15.2.1 BAE SYSTEMS 334
TABLE 539 BAE SYSTEMS: COMPANY OVERVIEW 335
FIGURE 62 BAE SYSTEMS: COMPANY SNAPSHOT 335
TABLE 540 BAE SYSTEMS: PRODUCT/SOLUTIONS/SERVICES OFFERED 336
TABLE 541 BAE SYSTEMS: DEALS 336
TABLE 542 BAE SYSTEMS: OTHER DEVELOPMENTS 337
15.2.2 NAMMO AS 338
TABLE 543 NAMMO AS: COMPANY OVERVIEW 338
FIGURE 63 NAMMO AS: COMPANY SNAPSHOT 339
TABLE 544 NAMMO AS: PRODUCT/SOLUTIONS/SERVICES OFFERED 339
TABLE 545 NAMMO AS: DEALS 340
TABLE 546 NAMMO AS.: OTHER DEVELOPMENTS 340
15.2.3 NORTHROP GRUMMAN 342
TABLE 547 NORTHROP GRUMMAN: COMPANY OVERVIEW 342
FIGURE 64 NORTHROP GRUMMAN: COMPANY SNAPSHOT 343
TABLE 548 NORTHROP GRUMMAN: PRODUCT/SOLUTIONS/SERVICES OFFERED 343
TABLE 549 NORTHROP GRUMMAN: OTHER DEVELOPMENTS 344
15.2.4 GENERAL DYNAMICS CORPORATION 345
TABLE 550 GENERAL DYNAMICS CORPORATION: COMPANY OVERVIEW 345
FIGURE 65 GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT 346
TABLE 551 GENERAL DYNAMICS CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED 346
TABLE 552 GENERAL DYNAMICS CORPORATION: OTHER DEVELOPMENTS 347
15.2.5 THALES 349
TABLE 553 THALES: COMPANY OVERVIEW 349
FIGURE 66 THALES: COMPANY SNAPSHOT 350
TABLE 554 THALES: PRODUCT/SOLUTIONS/SERVICES OFFERED 350
TABLE 555 THALES: OTHER DEVELOPMENTS 351
15.2.6 ELBIT SYSTEMS LTD. 353
TABLE 556 ELBIT SYSTEMS LTD.: COMPANY OVERVIEW 353
FIGURE 67 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT 354
TABLE 557 ELBIT SYSTEMS LTD: PRODUCT/SOLUTIONS/SERVICES OFFERED 354
TABLE 558 ELBIT SYSTEMS LTD: OTHER DEVELOPMENTS 355
15.2.7 OLIN CORPORATION 356
TABLE 559 OLIN CORPORATION: COMPANY OVERVIEW 356
FIGURE 68 OLIN CORPORATION: COMPANY SNAPSHOT 357
TABLE 560 OLIN CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED 357
TABLE 561 OLIN CORPORATION.: OTHER DEVELOPMENTS 360
15.2.8 RHEINMETALL AG 361
TABLE 562 RHEINMETALL AG: COMPANY OVERVIEW 361
FIGURE 69 RHEINMETALL AG: COMPANY SNAPSHOT 362
TABLE 563 RHEINMETALL AG: PRODUCT/SOLUTIONS/SERVICES OFFERED 362
TABLE 564 RHEINMETALL AG.: OTHER DEVELOPMENTS 363
15.2.9 AMMO, INC. 364
TABLE 565 AMMO, INC: COMPANY OVERVIEW 364
FIGURE 70 AMMO, INC.: COMPANY SNAPSHOT 364
TABLE 566 AMMO, INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED 365
TABLE 567 AMMO INC.: OTHER DEVELOPMENTS 366
15.2.10 CHEMRING GROUP PLC 367
TABLE 568 CHEMRING GROUP PLC: COMPANY OVERVIEW 367
FIGURE 71 CHEMRING GROUP PLC: COMPANY SNAPSHOT 368
TABLE 569 CHEMIRING GROUP PLC: PRODUCT/SOLUTIONS/SERVICES OFFERED 368
15.2.11 DENEL SOC LTD 370
TABLE 570 DENEL SOC LTD: COMPANY OVERVIEW 370
TABLE 571 DENEL SOC LTD: PRODUCT/SOLUTIONS/SERVICES OFFERED 370
15.2.12 POONGSAN CORPORATION 372
TABLE 572 POONGSAN CORPORATION: COMPANY OVERVIEW 372
FIGURE 72 POONGSAN CORPORATION: COMPANY SNAPSHOT 373
TABLE 573 POONGSAN CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED 373
15.2.13 ADANI DEFENCE AND AEROSPACE 374
TABLE 574 ADANI DEFENCE AND AEROSPACE: COMPANY OVERVIEW 374
TABLE 575 ADANI DEFENCE AND AEROSPACE: PRODUCT/SOLUTIONS/SERVICES OFFERED 374
15.2.14 ST ENGINEERING 375
TABLE 576 ST ENGINEERING: COMPANY OVERVIEW 375
FIGURE 73 ST ENGINEERING: COMPANY SNAPSHOT 376
TABLE 577 ST ENGINEERING: PRODUCT/SOLUTIONS/SERVICES OFFERED 376
15.2.15 VISTA OUTDOOR OPERATIONS LLC 379
TABLE 578 VISTA OUTDOOR OPERATIONS LLC: COMPANY OVERVIEW 379
FIGURE 74 VISTA OUTDOOR OPERATIONS LLC: COMPANY SNAPSHOT 380
TABLE 579 VISTA OUTDOOR OPERATIONS LLC: PRODUCTS OFFERED 380
TABLE 580 VISTA OUTDOOR OPERATIONS LLC: DEALS 381
TABLE 581 VISTA OUTDOOR OPERATIONS LLC: OTHER DEVELOPMENTS 381
15.2.16 FIOCCHI MUNIZIONI SPA 382
TABLE 582 FIOCCHI MUNIZIONI SPA: COMPANY OVERVIEW 382
TABLE 583 FIOCCHI MUNIZIONI SPA: PRODUCT/SOLUTIONS/SERVICES OFFERED 382
15.2.17 HERSTAL GROUP 385
TABLE 584 HERSTAL GROUP: COMPANY OVERVIEW 385
TABLE 585 HERSTAL GROUP: PRODUCT/SOLUTIONS/SERVICES OFFERED 385
15.2.18 HORNADY 386
TABLE 586 HORNADY: COMPANY OVERVIEW 386
TABLE 587 HORNADY: PRODUCT/SOLUTIONS/SERVICES OFFERED 386
15.2.19 NEXTER GROUP 388
TABLE 588 NEXTER GROUP: COMPANY OVERVIEW 388
TABLE 589 NEXTER GROUP: PRODUCT/SOLUTIONS/SERVICES OFFERED 388
15.2.20 CBC GLOBAL AMMUNITION 389
TABLE 590 CBC GLOBAL AMMUNITION: COMPANY OVERVIEW 389
TABLE 591 CBC GLOBAL AMMUNITION: PRODUCT/SOLUTIONS/SERVICES OFFERED 389
15.3 OTHER PLAYERS 392
15.3.1 NORINCO 392
TABLE 592 NORINCO: COMPANY OVERVIEW 392
15.3.2 REMINGTON AMMUNITION 393
TABLE 593 REMINGTON AMMUNITION: COMPANY OVERVIEW 393
15.3.3 ROSOBORONEXPORT 394
TABLE 594 ROSOBORONEXPORT: COMPANY OVERVIEW 394
15.3.4 SIERRA BULLETS 395
TABLE 595 SIERRA BULLETS: COMPANY OVERVIEW 395
15.3.5 SIG SAUER 396
TABLE 596 SIG SAUER: COMPANY OVERVIEW 396
15.3.6 YUGOIMPORT SDPR J.P. 397
TABLE 597 YUGOIMPORT SDPR J.P.: COMPANY OVERVIEW 397
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices made, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.
16 APPENDIX 398
16.1 DISCUSSION GUIDE 398
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 401
16.3 AVAILABLE CUSTOMIZATIONS 403
16.4 RELATED REPORTS 403
16.5 AUTHOR DETAILS 404