06 June 2020
Visiongain has launched a new report Ammunition Market Report 2020-2030: Forecasts by Application (Military, Homeland Security, Civil & Commercial), by Caliber (Small Caliber Ammunition, Medium Caliber Ammunition, Large Caliber Ammunition, Others), by Product (Bullets, Aerial Bombs, Grenades, Artillery Shells Mortars, Others) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global Ammunition market is expected to grow at a lucrative rate during the forecast period. Some of the key factors driving the market include the growing demand for Ammunition such as smoke munitions, bean bag rounds, and rubber bullets, across the world are anticipated to propel the Ammunition market growth through the forecast period. However, the stringent environmental and governmental regulations associated with Ammunitions are expected to cause hindrance to the market. The Ammunition market can be segmented based on product, end-user, weapon type, and region.
The Ammunition market is anticipated to emerge as an essential domain for asymmetric warfare and law enforcement through the forecast period. Some of the other Ammunitions that are widely used across the globe include bullets, aerial bombs, grenades, artillery Shells Mortars, and others. The market is witnessing a shift in warfare tactics to insurgency from conventional in developed regions, which has in turn propelled the market growth. Increasing cases of insurgency, street riots, asymmetric warfare, and mass demonstrations over the last decades has led to an increased demand for such ammunitions. This generally comes from law enforcement officers and political establishments to ensure public safety. The usage of Ammunitions enables the prevention of media outrage in case of casualties. Governmental and other authoritative bodies from numerous countries are increasingly focusing on the research and development of Ammunitions. Additionally, the demand for less lethal crowd dispersal ammunitions such as malodorants, tear gas, and water cannons is expected to rise significantly over the first period.
Some of the players such as Northrop Grumman (Orbital ATK Inc.), Olin Corporation, General Dynamics Corporation, Nammo as, BAE Systems, RUAG (RUAG Ammotec), Denel SOC Ltd., Poongsan Corporation, Vista Outdoor Inc., Rosoboronexport, Rheinmetall AG, Nexter, ST Engineering, Thales, Hanwha Corporation, Maxam (EXPAL), Yugoimport-Sdpr J.P., CBC Global Ammunition, FN Herstal, and Chemring Group PLC are currently dominating the market. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to gain a competitive advantage and increase the global presence in the market.
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