The report “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 global ammunition market is estimated to reach USD 7.78 billion by 2020, at a CAGR of 1.93% from 2015 to 2020. This growth can be attributed to the rise in terrorism worldwide, along with the military modernization programs of emerging countries with the objective of procuring advanced, efficient, precision munitions.
Browse 92 market data tables and 63 figures spread through 168 pages and in-depth TOC on “Ammunition Market".
Early buyers will receive 10% customization on reports.
Small caliber ammunition to dominate the ammunition market, among ammunition types
With the rising incidences of terrorism and armed conflicts across the globe, the demand for small caliber ammunition has increased significantly. This segment dominates the overall ammunition market, and is expected to continue its dominance over the next 5 years, primarily driven by the increasing demand from military and law enforcement forces worldwide.
Download Free Sample Pages @ http://www.marketsandmarkets.com/pdfdownload.asp?id=923
Civil application to grow the highest during the forecast period
The global ammunition market has been segmented and analyzed in terms of two key application segments, namely, defense and civil. The defense segment dominates the overall market, as of 2014. However, the civil segment is projected to grow at comparatively a higher CAGR during the forecast period, mainly driven by the increased use of small caliber ammunition for sporting, hunting, and self-defense purposes. This trend is prevalent majorly in the European region.
Asia-Pacific and Africa to be the game changers in the ammunition market
The Asia-Pacific region dominates the global ammunition market, as of 2014, followed by Europe. China, India, and South Korea are among the major economies contributing to this dominance of Asia-Pacific. The possibility of hostility between North Korea and South Korea turning into an intense warfare situation is one of the key factors driving China, South Korea, and Japan towards military modernization. The need to enhance military capabilities in India has risen mainly due to increasing military threats from China and Pakistan, along with the rising incidences of terrorist attacks in the country.
The African region is projected to grow at the highest CAGR of 2.33% during the forecast period. The uprisings and armed conflicts witnessed in Syria and Libya, along with the rising insurgency activities in other parts of Africa, have led the economies of the region to take several measures towards ensuring national and border security and strengthening military capabilities, thereby driving the demand for ammunition.
Orbital ATK (U.S.): The top player in the ammunition market
The major players in this market have been identified to be Orbital ATK (U.S.), General Dynamics (U.S.), Poongsan Corporation (South Korea), BAE Systems (U.K.), Maxam (Australia), Olin Corporation (U.S.), and Nammo AS (Norway), among others.
The report segments and analyzes the ammunition market on the basis of ammunition type (small caliber, medium caliber, large caliber, artillery, mortar) and application (defense, civil), and maps these segments and subsegments across the six major regions, namely, North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Brief information on the research methodology for the report can be found in the report description provided on website.
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.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets