The ammunition sector is projected to expand from US$ 43.04 billion in 2022 to US$ 69.75 billion by 2028, reflecting a compound annual growth rate (CAGR) of 8.4% during this period.
In 2022, Europe is anticipated to secure the second-largest share of the ammunition market. Companies in this region are concentrating on the development of sophisticated ammunition types, such as precision-guided missiles and mortars. European nations are investing in artillery and mortar systems to safeguard their borders against illegal incursions and various trafficking activities. The presence of leading ammunition manufacturers like Nammo AS, Nexter Group, Rheinmetall AG, Rostec State Corporation, and Thales Group is fulfilling the demand across Europe. This concentration of prominent players is fostering the growth of firms that produce aerial bombs, grenades, artillery shells, mortars, and similar equipment. Additionally, the growing interest among manufacturers in creating artillery systems, mortar systems, firearms, smart weapons, and other related equipment is propelling the expansion of the ammunition market in Europe.
Russia's ammunition industry holds a significant position globally, recognized for its cost-effectiveness and ease of maintenance compared to other options. Notably, Russia ranks as the second-largest exporter of ammunition worldwide, accounting for 19% of global exports from 2017 to 2021. However, the country's ammunition production is heavily dependent on international suppliers for raw materials and components, making it susceptible to supply chain disruptions. Consequently, Russia is likely to lose its competitive edge to nations such as China, India, Turkey, and several European countries. The ongoing conflict between Russia and Ukraine has prompted other nations to seek regional or domestic manufacturers instead. As a result, China and India, along with the United States, are expected to gain from Russia's decline in ammunition production and exports. Given that Russia's primary ammunition clients include Vietnam, Myanmar, Indonesia, and Malaysia, these countries may need to turn to China or India for their ammunition requirements if Russian production continues to diminish.
Effects of the COVID-19 Pandemic on the Global Ammunition Market
The COVID-19 pandemic has triggered a notable increase in the demand for firearms and ammunition across both commercial and defense sectors, resulting in a shortage of essential raw materials such as primers, casings, and gunpowder. This scarcity has led to a deficit of ammunition in major military spending nations like the United States and China. While defense supplies remained largely stable due to contract-based transactions, commercial sales experienced an unprecedented surge that outstripped manufacturers' production capabilities, leading to market shortages. Furthermore, vendors were reluctant to increase production capacities in response to the heightened demand, fearing a potential future decline in demand, which has hindered the growth of the ammunition market in various regions.
Throughout the forecast period, the Asia Pacific region is expected to experience the highest CAGR in the ammunition market. This growth is driven by a rise in terrorist activities and geopolitical tensions. Conflicts such as those between Pakistan and India, China and India, China and Taiwan, and China and Japan have intensified the demand for ammunition in the Asia Pacific. Countries like China and India are modernizing their military forces, resulting in increased ammunition purchases for their armed forces and law enforcement agencies. The ammunition market in this region is bolstered by established manufacturers such as HIFaser, Kongsberg Defense Australia, Thales Australia, Munitions India Limited, and Yantra India Limited, among others, in China, India, Australia, and Japan, which is expected to further stimulate market growth in the coming years.
In Europe, heightened defense spending due to cross-border conflicts is propelling the growth of the ammunition market. Germany and Belgium have already declared plans to double their defense budgets in 2023 for national security initiatives, while the ongoing conflict between Russia and Ukraine is raising alarms in other European nations.
The ammunition market is primarily dominated by key players such as Northrop Grumman Corporation, BAE Systems, Elbit Systems Ltd, Raytheon Technologies Corporation, Vista Outdoor Operations LLC, AMTEC Corporation, NAMMO AS, Rheinmetall AG, RUAG Group, and Thales Group. Additionally, companies like Nexter Group KNDS, General Dynamics, Spectra Technologies LLC, CBC Global Ammunition, FIOCHHI MUNIZIONI SPA, Denel SOC Ltd., Sako Limited, Berger Bullets, NonLethal Technologies Inc., Cutting Edge Bullets, Sierra Bullets, Belom, and Combined Systems Inc. are also examined to provide a comprehensive overview of the market. These organizations employ various organic and inorganic growth strategies to enhance their product offerings and global footprint in the ammunition sector.
The overall size of the ammunition market has been determined through both primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the ammunition market size. This process also aims to provide an overview and forecast of the growth of the ammunition market across all segments. Furthermore, multiple primary interviews have been conducted with industry participants and experts to validate the data and gain deeper analytical insights into the subject. Participants in this process include VPs, business development managers, intelligence managers, national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the ammunition market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Ammunition Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Impact of Russia Ukraine War in the Ammunition Market
5. Ammunition Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Global Military Spending Promotes Procurement of Ammunitions
5.1.2 Introduction of Lightweight Ammunitions
5.2 Key Market Restraints
5.2.1 Shortage of Ammunition After FY 2020
5.3 Key Market Opportunities
5.3.1 Rising Demand for Guided Ammunitions from Emerging Countries
5.4 Future Trends
5.4.1 Technological Advancements Across Firearms Industry
5.5 Impact Analysis of Drivers and Restraints
6. Ammunition Market - Global Market Analysis
6.1 Ammunition Market Global Overview
6.2 Global Ammunition Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
6.4 Competitive Benchmarking
6.4.1 Competitive Benchmarking
6.5 Growth Matrix
7. Ammunition Market Analysis - by Product
7.1 Overview
7.2 Ammunition Market Breakdown, by Product, 2021 and 2028
7.3 Bullets
7.3.1 Overview
7.3.2 Bullets: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Aerial Bomb
7.4.1 Overview
7.4.2 Aerial Bomb: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.5 Grenades
7.5.1 Overview
7.5.2 Grenades: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.6 Artillery Shells
7.6.1 Overview
7.6.2 Artillery Shells: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.7 Mortars
7.7.1 Overview
7.7.2 Mortars: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
8. Ammunition Market Analysis - by Application
8.1 Overview
8.2 Ammunition Market Breakdown, by Application, 2021 and 2028
8.3 Defense
8.3.1 Overview
8.3.2 Defense: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
9. Ammunition Market Analysis - by Guidance
9.1 Overview
9.2 Ammunition Market Breakdown, by Guidance, 2021 and 2028
9.3 Guided
9.3.1 Overview
9.3.2 Guided: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Non-Guided
9.4.1 Overview
9.4.2 Non-Guided: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
10. Ammunition Market Analysis - by Lethality
10.1 Overview
10.2 Ammunition Market Breakdown, by Lethality, 2021 and 2028
10.3 Non-Lethal
10.3.1 Overview
10.3.2 Non-Lethal: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Lethal
10.4.1 Overview
10.4.2 Lethal: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
11. Ammunition Market Analysis - by Caliber
11.1 Overview
11.2 Ammunition Market Breakdown, by Caliber, 2021 and 2028
11.3 Small Caliber Ammunition
11.3.1 Overview
11.3.2 Small Caliber Ammunition: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
11.3.2.1 Small Caliber Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
11.4 Medium Caliber Ammunition
11.4.1 Overview
11.4.2 Medium Caliber Ammunition: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
11.4.2.1 Medium Caliber Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
11.5 Large Caliber Ammunition
11.5.1 Overview
11.5.2 Large Caliber Ammunition: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
11.5.2.1 Large Caliber Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
12. Ammunition Market - Geographic Analysis
12.1 Overview
12.2 North America: Ammunition Market
12.2.1 North America: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.2.2 North America: Ammunition Market, by Product
12.2.3 North America: Ammunition Market, by Application
12.2.4 North America: Ammunition Market, by Guidance
12.2.5 North America: Ammunition Market, by Lethality
12.2.6 North America: Ammunition Market, by Caliber
12.2.6.1 North America: Ammunition Market, by Small Caliber Ammunition
12.2.6.2 North America: Ammunition Market, by Medium Caliber Ammunition
12.2.6.3 North America: Ammunition Market, by Large Caliber Ammunition
12.2.7 North America: Ammunition Market, by Key Country
12.2.7.1 US: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.2.7.1.1 US: Ammunition Market, by Product
12.2.7.1.2 US: Ammunition Market, by Application
12.2.7.1.3 US: Ammunition Market, by Guidance
12.2.7.1.4 US: Ammunition Market, by Lethality
12.2.7.1.5 US: Ammunition Market, by Caliber
12.2.7.1.5.1 US: Ammunition Market, by Small Caliber Ammunition
12.2.7.1.5.2 US: Ammunition Market, by Medium Caliber Ammunition
12.2.7.1.5.3 US: Ammunition Market, by Large Caliber Ammunition
12.2.7.2 Canada: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.2.7.2.1 Canada: Ammunition Market, by Product
12.2.7.2.2 Canada: Ammunition Market, by Application
12.2.7.2.3 Canada: Ammunition Market, by Guidance
12.2.7.2.4 Canada: Ammunition Market, by Lethality
12.2.7.2.5 Canada: Ammunition Market, by Caliber
12.2.7.2.5.1 Canada: Ammunition Market, by Small Caliber Ammunition
12.2.7.2.5.2 Canada: Ammunition Market, by Medium Caliber Ammunition
12.2.7.2.5.3 Canada: Ammunition Market, by Large Caliber Ammunition
12.2.7.3 Mexico: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.2.7.3.1 Mexico: Ammunition Market, by Product
12.2.7.3.2 Mexico: Ammunition Market, by Application
12.2.7.3.3 Mexico: Ammunition Market, by Guidance
12.2.7.3.4 Mexico: Ammunition Market, by Lethality
12.2.7.3.5 Mexico: Ammunition Market, by Caliber
12.2.7.3.5.1 Mexico: Ammunition Market, by Small Caliber Ammunition
12.2.7.3.5.2 Mexico: Ammunition Market, by Medium Caliber Ammunition
12.2.7.3.5.3 Mexico: Ammunition Market, by Large Caliber Ammunition
12.3 Europe: Ammunition Market
12.3.1 Europe: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.3.2 Europe: Ammunition Market by Product
12.3.3 Europe: Ammunition Market, by Application
12.3.4 Europe: Ammunition Market, by Guidance
12.3.5 Europe: Ammunition Market, by Lethality
12.3.6 Europe: Ammunition Market, by Caliber
12.3.6.1 Europe: Ammunition Market, by Small Caliber Ammunition
12.3.6.2 Europe: Ammunition Market, by Medium Caliber Ammunition
12.3.6.3 Europe: Ammunition Market, by Large Caliber Ammunition
12.3.7 Europe: Ammunition Market, by Key Country
12.3.7.1 Germany: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.3.7.1.1 Germany: Ammunition Market, by Product
12.3.7.1.2 Germany: Ammunition Market, by Application
12.3.7.1.3 Germany: Ammunition Market, by Guidance
12.3.7.1.4 Germany: Ammunition Market, by Lethality
12.3.7.1.5 Germany: Ammunition Market, by Caliber
12.3.7.1.5.1 Germany: Ammunition Market, by Small Caliber Ammunition
12.3.7.1.5.2 Germany: Ammunition Market, by Medium Caliber Ammunition
12.3.7.1.5.3 Germany: Ammunition Market, by Large Caliber Ammunition
12.3.7.2 France: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.3.7.2.1 France: Ammunition Market, by Product
12.3.7.2.2 France: Ammunition Market, by Application
12.3.7.2.3 France: Ammunition Market, by Guidance
12.3.7.2.4 France: Ammunition Market, by Lethality
12.3.7.2.5 France: Ammunition Market, by Caliber
12.3.7.2.5.1 France: Ammunition Market, by Small Caliber Ammunition
12.3.7.2.5.2 France: Ammunition Market, by Medium Caliber Ammunition
12.3.7.2.5.3 France: Ammunition Market, by Large Caliber Ammunition
12.3.7.3 Italy: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.3.7.3.1 Italy: Ammunition Market, by Product
12.3.7.3.2 Italy: Ammunition Market, by Application
12.3.7.3.3 Italy: Ammunition Market, by Guidance
12.3.7.3.4 Italy: Ammunition Market, by Lethality
12.3.7.3.5 Italy: Ammunition Market, by Caliber
12.3.7.3.5.1 Italy: Ammunition Market, by Small Caliber Ammunition
12.3.7.3.5.2 Italy: Ammunition Market, by Medium Caliber Ammunition
12.3.7.3.5.3 Italy: Ammunition Market, by Large Caliber Ammunition
12.3.7.4 UK: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.3.7.4.1 UK: Ammunition Market, by Product
12.3.7.4.2 UK: Ammunition Market, by Application
12.3.7.4.3 UK: Ammunition Market, by Guidance
12.3.7.4.4 UK: Ammunition Market, by Lethality
12.3.7.4.5 UK: Ammunition Market, by Caliber
12.3.7.4.5.1 UK: Ammunition Market, by Small Caliber Ammunition
12.3.7.4.5.2 UK: Ammunition Market, by Medium Caliber Ammunition
12.3.7.4.5.3 UK: Ammunition Market, by Large Caliber Ammunition
12.3.7.5 Russia: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.3.7.5.1 Russia: Ammunition Market, by Product
12.3.7.5.2 Russia: Ammunition Market, by Application
12.3.7.5.3 Russia: Ammunition Market, by Guidance
12.3.7.5.4 Russia: Ammunition Market, by Lethality
12.3.7.5.5 Russia: Ammunition Market, by Caliber
12.3.7.5.5.1 Russia: Ammunition Market, by Small Caliber Ammunition
12.3.7.5.5.2 Russia: Ammunition Market, by Medium Caliber Ammunition
12.3.7.5.5.3 Russia: Ammunition Market, by Large Caliber Ammunition
12.3.7.6 Rest of Europe: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.3.7.6.1 Rest of Europe: Ammunition Market, by Product
12.3.7.6.2 Rest of Europe: Ammunition Market, by Application
12.3.7.6.3 Rest of Europe: Ammunition Market, by Guidance
12.3.7.6.4 Rest of Europe: Ammunition Market, by Lethality
12.3.7.6.5 Rest of Europe: Ammunition Market, by Caliber
12.3.7.6.5.1 Rest of Europe: Ammunition Market, by Small Caliber Ammunition
12.3.7.6.5.2 Rest of Europe: Ammunition Market, by Medium Caliber Ammunition
12.3.7.6.5.3 Rest of Europe: Ammunition Market, by Large Caliber Ammunition
12.4 Asia Pacific: Ammunition Market
12.4.1 APAC: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.4.2 APAC: Ammunition Market, by Product
12.4.3 APAC: Ammunition Market, by Application
12.4.4 APAC: Ammunition Market, by Guidance
12.4.5 APAC: Ammunition Market, by Lethality
12.4.6 APAC: Ammunition Market, by Caliber
12.4.6.1 APAC: Ammunition Market, by Small Caliber Ammunition
12.4.6.2 APAC: Ammunition Market, by Medium Caliber Ammunition
12.4.6.3 APAC: Ammunition Market, by Large Caliber Ammunition
12.4.7 APAC: Ammunition Market, by Key Country
12.4.7.1 Australia: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.4.7.1.1 Australia: Ammunition Market, by Product
12.4.7.1.2 Australia: Ammunition Market, by Application
12.4.7.1.3 Australia: Ammunition Market, by Guidance
12.4.7.1.4 Australia: Ammunition Market, by Lethality
12.4.7.1.5 Australia: Ammunition Market, by Caliber
12.4.7.1.5.1 Australia: Ammunition Market, by Small Caliber Ammunition
12.4.7.1.5.2 Australia: Ammunition Market, by Medium Caliber Ammunition
12.4.7.1.5.3 Australia: Ammunition Market, by Large Caliber Ammunition
12.4.7.2 China: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.4.7.2.1 China: Ammunition Market, by Product
12.4.7.2.2 China: Ammunition Market, by Application
12.4.7.2.3 China: Ammunition Market, by Guidance
12.4.7.2.4 China: Ammunition Market, by Lethality
12.4.7.2.5 China: Ammunition Market, by Caliber
12.4.7.2.5.1 China: Ammunition Market, by Small Caliber Ammunition
12.4.7.2.5.2 China: Ammunition Market, by Medium Caliber Ammunition
12.4.7.2.5.3 China: Ammunition Market, by Large Caliber Ammunition
12.4.7.3 India: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.4.7.3.1 India: Ammunition Market, by Product
12.4.7.3.2 India: Ammunition Market, by Application
12.4.7.3.3 India: Ammunition Market, by Guidance
12.4.7.3.4 India: Ammunition Market, by Lethality
12.4.7.3.5 India: Ammunition Market, by Caliber
12.4.7.3.5.1 India: Ammunition Market, by Small Caliber Ammunition
12.4.7.3.5.2 India: Ammunition Market, by Medium Caliber Ammunition
12.4.7.3.5.3 India: Ammunition Market, by Large Caliber Ammunition
12.4.7.4 Japan: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.4.7.4.1 Japan: Ammunition Market, by Product
12.4.7.4.2 Japan: Ammunition Market, by Application
12.4.7.4.3 Japan: Ammunition Market, by Guidance
12.4.7.4.4 Japan: Ammunition Market, by Lethality
12.4.7.4.5 Japan: Ammunition Market, by Caliber
12.4.7.4.5.1 Japan: Ammunition Market, by Small Caliber Ammunition
12.4.7.4.5.2 Japan: Ammunition Market, by Medium Caliber Ammunition
12.4.7.4.5.3 Japan: Ammunition Market, by Large Caliber Ammunition
12.4.7.5 South Korea: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.4.7.5.1 South Korea: Ammunition Market, by Product
12.4.7.5.2 South Korea: Ammunition Market, by Application
12.4.7.5.3 South Korea: Ammunition Market, by Guidance
12.4.7.5.4 South Korea: Ammunition Market, by Lethality
12.4.7.5.5 South Korea: Ammunition Market, by Caliber
12.4.7.5.5.1 South Korea: Ammunition Market, by Small Caliber Ammunition
12.4.7.5.5.2 South Korea: Ammunition Market, by Medium Caliber Ammunition
12.4.7.5.5.3 South Korea: Ammunition Market, by Large Caliber Ammunition
12.4.7.6 Rest of APAC: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.4.7.6.1 Rest of APAC: Ammunition Market, by Product
12.4.7.6.2 Rest of APAC: Ammunition Market, by Application
12.4.7.6.3 Rest of APAC: Ammunition Market, by Guidance
12.4.7.6.4 Rest of APAC: Ammunition Market, by Lethality
12.4.7.6.5 Rest of APAC: Ammunition Market, by Caliber
12.4.7.6.5.1 Rest of APAC: Ammunition Market, by Small Caliber Ammunition
12.4.7.6.5.2 Rest of APAC: Ammunition Market, by Medium Caliber Ammunition
12.4.7.6.5.3 Rest of APAC: Ammunition Market, by Large Caliber Ammunition
12.5 MEA: Ammunition Market
12.5.1 MEA: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.5.2 MEA: Ammunition Market, by Product
12.5.3 MEA: Ammunition Market, by Application
12.5.4 MEA: Ammunition Market, by Guidance
12.5.5 MEA: Ammunition Market, by Lethality
12.5.6 MEA: Ammunition Market, by Caliber
12.5.6.1 MEA: Ammunition Market, by Small Caliber Ammunition
12.5.6.2 MEA: Ammunition Market, by Medium Caliber Ammunition
12.5.6.3 MEA: Ammunition Market, by Large Caliber Ammunition
12.5.7 MEA: Ammunition Market, by Key Country
12.5.7.1 South Africa: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.5.7.1.1 South Africa: Ammunition Market, by Product
12.5.7.1.2 South Africa: Ammunition Market, by Application
12.5.7.1.3 South Africa: Ammunition Market, by Guidance
12.5.7.1.4 South Africa: Ammunition Market, by Lethality
12.5.7.1.5 South Africa: Ammunition Market, by Caliber
12.5.7.1.5.1 South Africa: Ammunition Market, by Small Caliber Ammunition
12.5.7.1.5.2 South Africa: Ammunition Market, by Medium Caliber Ammunition
12.5.7.1.5.3 South Africa: Ammunition Market, by Large Caliber Ammunition
12.5.7.2 Saudi Arabia: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.5.7.2.1 Saudi Arabia: Ammunition Market, by Product
12.5.7.2.2 Saudi Arabia: Ammunition Market, by Application
12.5.7.2.3 Saudi Arabia: Ammunition Market, by Guidance
12.5.7.2.4 Saudi Arabia: Ammunition Market, by Lethality
12.5.7.2.5 Saudi Arabia: Ammunition Market, by Caliber
12.5.7.2.5.1 Saudi Arabia: Ammunition Market, by Small Caliber Ammunition
12.5.7.2.5.2 Saudi Arabia: Ammunition Market, by Medium Caliber Ammunition
12.5.7.2.5.3 Saudi Arabia: Ammunition Market, by Large Caliber Ammunition
12.5.7.3 UAE: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.5.7.3.1 UAE: Ammunition Market, by Product
12.5.7.3.2 UAE: Ammunition Market, by Application
12.5.7.3.3 UAE: Ammunition Market, by Guidance
12.5.7.3.4 UAE: Ammunition Market, by Lethality
12.5.7.3.5 UAE: Ammunition Market, by Caliber
12.5.7.3.5.1 UAE: Ammunition Market, by Small Caliber Ammunition
12.5.7.3.5.2 UAE: Ammunition Market, by Medium Caliber Ammunition
12.5.7.3.5.3 UAE: Ammunition Market, by Large Caliber Ammunition
12.5.7.4 Rest of MEA: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.5.7.4.1 Rest of MEA: Ammunition Market, by Product
12.5.7.4.2 Rest of MEA: Ammunition Market, by Application
12.5.7.4.3 Rest of MEA: Ammunition Market, by Guidance
12.5.7.4.4 Rest of MEA: Ammunition Market, by Lethality
12.5.7.4.5 Rest of MEA: Ammunition Market, by Caliber
12.5.7.4.5.1 Rest of MEA: Ammunition Market, by Small Caliber Ammunition
12.5.7.4.5.2 Rest of MEA: Ammunition Market, by Medium Caliber Ammunition
12.5.7.4.5.3 Rest of MEA: Ammunition Market, by Large Caliber Ammunition
12.6 SAM: Ammunition Market
12.6.1 SAM: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.6.2 SAM: Ammunition Market, by Product
12.6.3 SAM: Ammunition Market, by Application
12.6.4 SAM: Ammunition Market, by Guidance
12.6.5 SAM: Ammunition Market, by Lethality
12.6.6 SAM: Ammunition Market, by Caliber
12.6.6.1 SAM: Ammunition Market, by Small Caliber Ammunition
12.6.6.2 SAM: Ammunition Market, by Medium Caliber Ammunition
12.6.6.3 SAM: Ammunition Market, by Large Caliber Ammunition
12.6.7 SAM: Ammunition Market, by Key Country
12.6.7.1 Brazil: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.6.7.1.1 Brazil: Ammunition Market, by Product
12.6.7.1.2 Brazil: Ammunition Market, by Application
12.6.7.1.3 Brazil: Ammunition Market, by Guidance
12.6.7.1.4 Brazil: Ammunition Market, by Lethality
12.6.7.1.5 Brazil: Ammunition Market, by Caliber
12.6.7.1.5.1 Brazil: Ammunition Market, by Small Caliber Ammunition
12.6.7.1.5.2 Brazil: Ammunition Market, by Medium Caliber Ammunition
12.6.7.1.5.3 Brazil: Ammunition Market, by Large Caliber Ammunition
12.6.7.2 Rest of SAM: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.6.7.2.1 Rest of SAM: Ammunition Market, by Product
12.6.7.2.2 Rest of SAM: Ammunition Market, by Application
12.6.7.2.3 Rest of SAM: Ammunition Market, by Guidance
12.6.7.2.4 Rest of SAM: Ammunition Market, by Lethality
12.6.7.2.5 Rest of SAM: Ammunition Market, by Caliber
12.6.7.2.5.1 Rest of SAM: Ammunition Market, by Small Caliber Ammunition
12.6.7.2.5.2 Rest of SAM: Ammunition Market, by Medium Caliber Ammunition
12.6.7.2.5.3 Rest of SAM: Ammunition Market, by Large Caliber Ammunition
13. Ammunition Market - COVID-19 Impact Analysis
13.1 Overview
13.2 North America: Impact Assessment of COVID-19 Pandemic
13.3 Europe: Impact Assessment of COVID-19 Pandemic
13.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
13.5 MEA: Impact Assessment of COVID-19 Pandemic
13.6 South America Impact Assessment of COVID-19 Pandemic
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 New Product Development
15. Company Profiles
15.1 Northrop Grumman Corporation
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 BAE Systems
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Elbit Systems Ltd.
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Raytheon Technologies Corporation
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Vista Outdoor Operations LLC
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 AMTEC Corporation
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 NAMMO AS
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Rheinmetall AG
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 RUAG Group
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 Thales Group
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About
16.2 Word Index
LIST OF TABLES
Table 1. Global Ammunition Market, Revenue and Forecast, 2020-2028 (US$ Million)
Table 2. Small Caliber Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
Table 3. Medium Caliber Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
Table 4. Large Caliber Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 7. North America: Ammunition Market, by Guidance- Revenue and Forecast to 2028 (US$ Million)
Table 8. North America: Ammunition Market, by Lethality - Revenue and Forecast to 2028 (US$ Million)
Table 9. North America: Ammunition Market, by Caliber- Revenue and Forecast to 2028 (US$ Million)
Table 10. North America: Ammunition Market, by Small Caliber Ammunition - Revenue and Forecast to 2028 (US$ Million)
Table 11. North America: Ammunition Market, by Medium Caliber Ammunition - Revenue and Forecast to 2028 (US$ Million)
Table 12. North America: Ammunition Market, by Large Caliber Ammunition - Revenue and Forecast to 2028 (US$ Million)
Table 13. US: Ammunition Market, by Product-Revenue and Forecast to 2028 (US$ Million)
Table 14. US: Ammunition Market, by Application-Revenue and Forecast to 2028 (US$ Million)
Table 15. US: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 16. US: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 17. US: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 18. US: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 19. US: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 20. US: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 21. Canada: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 22. Canada: Ammunition Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 23. Canada: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 24. Canada: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 25. Canada: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 26. Canada: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 27. Canada: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 28. Canada: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 29. Mexico: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 30. Mexico: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 31. Mexico: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 32. Mexico: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 33. Mexico: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 34. Mexico: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 35. Mexico: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 36. Mexico: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 37. Europe: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 38. Europe: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 39. Europe: Ammunition Market, by Guidance- Revenue and Forecast to 2028 (US$ Million)
Table 40. Europe: Ammunition Market, by Lethality- Revenue and Forecast to 2028 (US$ Million)
Table 41. Europe: Ammunition Market, by Caliber- Revenue and Forecast to 2028 (US$ Million)
Table 42. Europe: Ammunition Market, by Small Caliber Ammunition - Revenue and Forecast to 2028 (US$ Million)
Table 43. Europe: Ammunition Market, by Medium Caliber Ammunition - Revenue and Forecast to 2028 (US$ Million)
Table 44. Europe: Ammunition Market, by Large Caliber Ammunition - Revenue and Forecast to 2028 (US$ Million)
Table 45. Germany: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 46. Germany: Ammunition Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 47. Germany: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 48. Germany: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 49. Germany: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 50. Germany: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 51. Germany: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 52. Germany: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 53. France: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 54. France: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 55. France: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 56. France: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 57. France: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 58. France: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 59. France: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 60. France: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 61. Italy: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 62. Italy: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 63. Italy: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 64. Italy: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 65. Italy: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 66. Italy: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 67. Italy: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 68. Italy: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 69. UK: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 70. UK: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 71. UK: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 72. UK: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 73. UK: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 74. UK: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 75. UK: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 76. UK: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 77. Russia: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 78. Russia: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 79. Russia: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 80. Russia: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 81. Russia: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 82. Russia: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 83. Russia: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 84. Russia: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of Europe: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of Europe: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of Europe: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 88. Rest of Europe: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 89. Rest of Europe: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 90. Rest of Europe: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 91. Rest of Europe: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 92. Rest of Europe: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 93. APAC: Ammunition Market, by Product - Revenue and Forecast to 2028 (US$ Million)
Table 94. APAC: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 95. SAM: Ammunition Market, by Guidance- Revenue and Forecast to 2028 (US$ Million)
Table 96. APAC: Ammunition Market, by Lethality- Revenue and Forecast to 2028 (US$ Million)
Table 97. APAC: Ammunition Market, by Caliber- Revenue and Forecast to 2028 (US$ Million)
Table 98. APAC: Ammunition Market, by Small Caliber Ammunition - Revenue and Forecast to 2028 (US$ Million)
Table 99. APAC: Ammunition Market, by Medium Caliber Ammunition - Revenue and Forecast to 2028 (US$ Million)
Table 100. APAC: Ammunition Market, by Large Caliber Ammunition - Revenue and Forecast to 2028 (US$ Million)
Table 101. Australia: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 102. Australia: Ammunition Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 103. Australia: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 104. Australia: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 105. Australia: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 106. Australia: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 107. Australia: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 108. Australia: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 109. China: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 110. China: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 111. China: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 112. China: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 113. China: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 114. China: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 115. China: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 116. China: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 117. India: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 118. India: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 119. India: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 120. India: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 121. India: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 122. India: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 123. India: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 124
LIST OF FIGURES
The List of Companies -Ammunitions Market
1. Northrop Grumman Corporation
2. BAE Systems
3. Elbit Systems Ltd.
4. Raytheon Technologies Corporation
5. Vista Outdoor Operations LLC
6. AMTEC Corporation
7. NAMMO AS
8. Rheinmetall AG
9. RUAG Group
10. Thales Group