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Ammunition Market Share

  • Report ID: GMI261
  • Published Date: Jul 2022
  • Report Format: PDF
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Ammunition Market Share

Some of the major manufacturers of ammunition include

  • BAE Systems
  • CCI
  • Global Ordnance
  • Elbit Systems Ltd.
  • NAMMO AS
  • Magtech
  • Denel
  • Northrop Grumman Corporation
  • Nexter Group
  • Ruag Ammotech

Companies are continuously seeking opportunities for growth and expanding their market reach through R&D efforts, partnerships, key product developments, and merger & acquisition prospects. For instance, in February 2022, RUAG Ammotec introduced lead-free training ammunition for police forces to cut down on pollutants, indicating a potential transformation in small caliber ammunition.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global ammunition market size surpassed USD 29.3 billion in 2021 and is projected to register around 4.7% CAGR from 2022-2030, says this GMI report.

It is estimated that the ammunition industry revenue from civil applications will be more than USD 19 billion by 2030 driven by increased demand for public safety and the popularity of recreational shooting activities.

Global ammunition sales from mortar segment is expected to witness over 5% CAGR between 2022-2030, with a surge in cross-border conflicts and increase in defense budgets in developed countries.

Global Market Insights Inc. predicts that APAC ammunition market size will expand at around 5.5% CAGR till 2030, with growing military spending in China, India, Japan, and other countries.

Some of the leading ammunition companies worldwide include Northrop Grumman Corporation, Ruag Ammotech, Elbit Systems Ltd., Magtech, NAMMO AS, BAE Systems, Nexter Group, Global Ordnance, and CGI.

Ammunition Market Scope

  • Ammunition Market Size
  • Ammunition Market Analysis
  • Ammunition Market Share

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    Premium Report Details

    • Base Year: 2021
    • Companies covered: 16
    • Tables & Figures: 107
    • Countries covered: 17
    • Pages: 130
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