The global ammunition market
is estimated to reach a value of USD 7.78 Billion by 2020, at a CAGR of
1.93% from 2015 to 2020. Terrorism, regional disputes, and geopolitical
disputes, among others, have become a mainstay phenomenon across the
globe. The resultant rise in risk of national security and the impacts
on population have driven governments, military, and homeland security
personnel towards procuring and maintaining inventory of advanced
warfare equipment and ammunition.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=923
Defense and civil are the two key application segments considered in the market study. The defense segment dominates the overall ammunition market, as of 2014. The civil application segment is projected to grow at a higher CAGR during the forecast period of 2015 to 2020. The rapid growth of this segment can be attributed to the increasing demand from civilians for small caliber ammunition for sporting, hunting, and self-defense purposes; this trend is primarily being observed in the European region.
The key ammunition types considered in the market study include small caliber (5.56mm, 7.62mm, 9mm, 12.7mm, others), medium caliber (20mm, 25mm, 30mm, 40mm, others), large caliber (57mm, 90mm, 120mm, others), artillery, and mortar. Among these ammunition types covered in the report, the ammunition market is dominated by the small caliber ammunition segment.
Browse 92 market data tables and 63 figures spread through 168 pages and in-depth TOC on “Ammunition Market by Ammunition Type (Small Caliber, Medium Caliber, Large Caliber, Artillery, Mortar), Application (Defense, Civil), & Region (North America, Europe, Asia-Pacific, Middle East, Latin America, Africa) - Global Forecasts to 2020”
The rising incidences of terrorism worldwide have led defense and law enforcement agencies towards procurement of advanced and efficient small caliber ammunition for improved combat performance and counter-terrorism operations, thereby leading to the dominance of the small caliber ammunition segment. The artillery ammunition segment is projected to grow at the highest CAGR during the forecast period.
The rapid growth of this segment can be attributed to the increasing transnational disputes and military budgets, which are further leading major emerging economies towards enhancement of their military capabilities. This directly translates into procurement of advanced and reliable ammunition and weapon systems, including artillery, mortar, armored vehicles, and so on.
Asia-Pacific is the largest market for ammunition, globally, as of 2014, followed by Europe. The market in Africa is projected to grow at the highest CAGR during the forecast period. The rising insurgent and terrorist activities in the region are among the major factors driving the rapid growth of the African ammunition market.
The growth of the ammunition market may be, however, affected by certain major restraints in the coming years. These factors include the declining budgets of the major economies of North America and Europe; especially the U.S., which is one of the most important players of the arms and ammunition industry, globally.
The key players operating in the global ammunition market have been identified to be Orbital ATK (U.S.), General Dynamics (U.S.), BAE Systems (U.K.), Poongsan Corporation (South Korea), and Nammo AS (Norway), among others. Long-term contracts and mergers & acquisitions are the two major growth strategies adopted by the major players to strengthen their positions in the global ammunition market, while also enhancing their product offerings.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=923
Defense and civil are the two key application segments considered in the market study. The defense segment dominates the overall ammunition market, as of 2014. The civil application segment is projected to grow at a higher CAGR during the forecast period of 2015 to 2020. The rapid growth of this segment can be attributed to the increasing demand from civilians for small caliber ammunition for sporting, hunting, and self-defense purposes; this trend is primarily being observed in the European region.
The key ammunition types considered in the market study include small caliber (5.56mm, 7.62mm, 9mm, 12.7mm, others), medium caliber (20mm, 25mm, 30mm, 40mm, others), large caliber (57mm, 90mm, 120mm, others), artillery, and mortar. Among these ammunition types covered in the report, the ammunition market is dominated by the small caliber ammunition segment.
Browse 92 market data tables and 63 figures spread through 168 pages and in-depth TOC on “Ammunition Market by Ammunition Type (Small Caliber, Medium Caliber, Large Caliber, Artillery, Mortar), Application (Defense, Civil), & Region (North America, Europe, Asia-Pacific, Middle East, Latin America, Africa) - Global Forecasts to 2020”
The rising incidences of terrorism worldwide have led defense and law enforcement agencies towards procurement of advanced and efficient small caliber ammunition for improved combat performance and counter-terrorism operations, thereby leading to the dominance of the small caliber ammunition segment. The artillery ammunition segment is projected to grow at the highest CAGR during the forecast period.
The rapid growth of this segment can be attributed to the increasing transnational disputes and military budgets, which are further leading major emerging economies towards enhancement of their military capabilities. This directly translates into procurement of advanced and reliable ammunition and weapon systems, including artillery, mortar, armored vehicles, and so on.
Asia-Pacific is the largest market for ammunition, globally, as of 2014, followed by Europe. The market in Africa is projected to grow at the highest CAGR during the forecast period. The rising insurgent and terrorist activities in the region are among the major factors driving the rapid growth of the African ammunition market.
The growth of the ammunition market may be, however, affected by certain major restraints in the coming years. These factors include the declining budgets of the major economies of North America and Europe; especially the U.S., which is one of the most important players of the arms and ammunition industry, globally.
The key players operating in the global ammunition market have been identified to be Orbital ATK (U.S.), General Dynamics (U.S.), BAE Systems (U.K.), Poongsan Corporation (South Korea), and Nammo AS (Norway), among others. Long-term contracts and mergers & acquisitions are the two major growth strategies adopted by the major players to strengthen their positions in the global ammunition market, while also enhancing their product offerings.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of
annually published premium market research reports. Serving 1700 global
fortune enterprises with more than 1200 premium studies in a year,
M&M is catering to multitude of clients across 8 different
industrial verticals. We specialize in consulting assignments and
business research across high growth markets, cutting edge technologies
and newer applications. Our 850 fulltime analyst and SMEs at
MarketsandMarkets are tracking global high growth markets following the
"Growth Engagement Model – GEM". The GEM aims at proactive collaboration
with the clients to identify new opportunities, identify most important
customers, write "Attack, avoid and defend" strategies, identify
sources of incremental revenues for both the company and its
competitors.
M&M’s flagship competitive intelligence and
market research platform, "RT" connects over 200,000 markets and entire
value chains for deeper understanding of the unmet insights along with
market sizing and forecasts of niche markets. The new included chapters
on Methodology and Benchmarking presented with high quality analytical
infographics in our reports gives complete visibility of how the numbers
have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our
clients grow by providing apt business insight with our huge market
intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
No comments:
Post a Comment