The global military ammunition market generated $57.89 billion in 2019 and is estimated to grow at a CAGR of 5.40%, during 2020-2025.
The global military ammunition market is a mature market that has been witnessing the production of an increased number of munitions over the years for various platforms in armed forces such as the navy, air force, and army. The market has experienced a major transformation in the innovation of ammunition by different countries. The military ammunition market has witnessed the development of different product types for military applications. The outbreak of COVID-19 mildly affected the global military ammunition market in 2020 and 2021.
The global military ammunition market is expected to witness substantial growth over the forecast period 2020-2025. The market is expected to see the growth of the missiles mainly due to the increasing procurement for enhancing the offensive and defensive strength of the armed forces. High demand for military ammunition in emerging countries (such as Asia-Pacific, Middle East, and Africa) is expected to create opportunities for military ammunition players across different platforms, such as navy, land forcers and air force.
The report is a compilation of various segmentations including market breakdown by platform such as navy, air force and land force. The report is based on discussions and interviews with the top management of several leading high throughput satellite operator manufacturers, tier 1 suppliers, and solution providers.
Key Topics Covered:
1 Market Dynamics 1.1 Market Snapshot 1.2 Market Drivers 1.2.1 Growing Global Defense Spending 1.2.2 Increasing Military Modernization Programs 1.2.3 Upsurge in Terrorist Activities in Asia-Pacific and Middle East 1.3 Market Restraints 1.3.1 Environmental Contamination by Military Munitions 1.3.2 Regulatory Restrictions by Ammunition Control Regimes 1.4 Market Opportunities 1.4.1 Escalating Demand for Military Ammunition in Emerging Economies 1.4.2 Inclination toward Lightweight Ammunition 1.4.3 Miniaturizing of Munitions
2 Competitive Insights 2.1 Key Strategies and Developments 2.1.1 New Product Launches 2.1.2 Acquisitions, Joint Ventures, Collaborations, and Mergers 2.1.3 Contracts 2.1.4 Other Developments 2.2 Market Share Analysis 2.3 Competitive Benchmarking
3 Industry Analysis 3.1 Patent Analysis 3.1.1 Patents (by Country), 2016-2020 3.2 Supply Chain Analysis 3.2.1 Illustrating Supply Chain Analysis 22.214.171.124 Research and Development 126.96.36.199 Component Sourcing 188.8.131.52 Manufacturing and Assembly 184.108.40.206 Testing 220.127.116.11 Distribution and End User 3.3 Industrial Trends 3.3.1 Inclination toward Advanced Guided-Weapons Technology 3.3.2 Development of Hypersonic Missiles 3.3.3 3D-Printed Components for Missiles 3.3.4 Reduced Ammunition Sizes 3.4 Technological Developments 3.4.1 Magneto Hydrodynamic Explosive Munition (MAHEM) 3.4.2 Personnel Halting and Stimulation Response (PHASR) Rifle 3.4.3 Grenade-Launching Assault Rifle 3.4.4 Corner Shot Pistols 3.4.5 ADS Underwater Rifle 3.5 Major Military Programs 3.6 Industry Attractiveness: Porter's Five Forces Analysis
4 Global Military Ammunition Market 4.1 Assumptions and Limitations 4.2 Market Overview
5 Global Military Ammunition Market (by Platform) 5.1 Market Overview 5.2 Land Force 5.2.1 Artillery Unit Ammunition 5.2.2 Armored Unit Ammunition 5.2.3 Infantry Unit Ammunition 5.3 Navy 5.3.1 Naval Missile 5.3.2 Naval Artillery 5.3.3 Naval Mine 5.4 Air Force 5.4.1 Aerial Missile 5.4.2 Aerial Bomb