PUNE, India, December 13, 2016 /PRNewswire/ --
The demand for military ammunition market is anticipated to be driven by the sustained procurement anticipated to be carried out by major defence spending countries that are currently involved in conflicts, and emerging economies involved in territorial disputes and countering insurgencies.
Complete report on military ammunition market spread across 134 pages providing 10 company profiles and 197 figures is available at http://www.reportsnreports.com/reports/779579-the-global-military-ammunition-market-2016-2026.html.
The Global Military Ammunition Market 2016-2026 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyse factors that influence demand for military ammunition, key market trends, and challenges faced by industry participants.
The global Military Ammunition market is expected to grow at a CAGR of 1.52% during the forecast period. The market consists of six categories: small calibre ammunition, medium calibre ammunition, large calibre ammunition, artillery ammunition, mortar ammunition and rockets and others. The global military ammunition report is expected to be dominated by the rockets and others segment, followed by artillery ammunition.
The market is expected to be dominated by North America, occupying 48% of the market share, followed by Asia-Pacific market, which is dominated by China, India, Japan and South Korea. Russia, France and the UK account for major market share in the European region.
Latin America, the Middle East, and Africa cumulatively account for 14% of global military ammunition expenditure.
In addition, the need to maintain a sufficient inventory of ammunition for militaries worldwide and the increasing demand for training ammunition are also anticipated to have a positive impact on the demand for military ammunition. Rockets, artillery, and small caliber ammunition are expected to account for the top three largest shares of the global military ammunition market over the forecast period.
In particular, it provides an in-depth analysis of the following:
Market size and drivers: detailed analysis during 2016-2026, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world. Order a Copy of Report at http://www.reportsnreports.com/purchase.aspx?name=779579.
Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of Military Ammunition segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants.
SWOT analysis: a study of the industry characteristics by determining the strengths, weaknesses, opportunities, and threats.
Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.
Major programs: details of the key programs in each segment, which are expected to be executed during 2016-2026.
Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis.
Companies Mentioned are Orbital ATK, General Dynamics-Ordnance and Tactical Systems, BAE Systems, Nammo AS, Olin Corporation, Rheinmetall Defence, Nexter Munitions, Poongsan Corporation, Maxam and RUAG Ammotec.
Another new report published and listed in Public Sector Market (http://www.reportsnreports.com/market-research/government/) is The Global Military Radar Market 2016-2026. The global military radar market, valued at US$15.5 billion in 2016, is projected to grow at a CAGR of 1.84% over the forecast period, to reach US$18.6 billion by 2026 and cumulatively value US$167.6 billion. The market consists of five categories: airborne radar, ground-based radar, naval radar, space-based radar and sonar systems. The market is expected to be dominated by airborne radar systems, which will account for 28% of the market, followed by ground-based, naval and sonar systems with shares of 25%, 20%, and 15% respectively. The remaining 11% will be accounted for by spacebased radar systems. North America is forecast to dominate the sector with a share of 36%, followed by Asia Pacific and Europe, with shares of 26% and 23% respectively. Complete report available at http://www.reportsnreports.com/reports/779578-the-global-military-radar-market-2016-2026.html.
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