According to a new market report published by Transparency Market Research, titled- “Ammunition Market”, it was valued at USD 11.48 billion in 2014, growing at a CAGR of 3.7% from 2015 to 2021 to account for USD 14.87 billion in 2021.

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The growing competition among nations to equip armed troops with advanced weaponry in order to secure the country’s economy and citizen lives is the major driver for the global ammunition market. Increasing concerns to combat various unfavourable geopolitical disputes and threats from terrorist organizations are further boosting the market for ammunition across the world. Continuous development of technologically enhanced weaponry is simultaneously improving the demand for ammunition globally.

On the basis of segmentation by type, the global ammunition market has been categorized into full metal jacketed (FMJ), tracer, incendiary, armor piercing and other ammunition. Increasing research initiatives for enhancement of ammunition is currently serving as a major boost to the growth of the global ammunition market. Similarly, the market has been segmented on the basis of calibers which include small caliber ammunition, medium caliber ammunition, mortar ammunition, artillery ammunition and shotgun shells. The demand for small caliber ammunition is increasing globally at a substantial pace owing to the wide range of applicability of them in military, law enforcement and commercial markets. Additionally, the artillery ammunition segment is also estimated to be growing at a steady pace among various military organizations worldwide.

Based on application segmentation, the global ammunition market is categorized into military, law enforcement and commercial segments. The market is estimated to be dominated by the military segment throughout the forecast period. However, the demand for ammunition from the law enforcement and commercial sector is also expected to be growing considerably from 2015 to 2021.

Based on geographical segmentation, Europe is estimated to be leading the global ammunition market with market revenue share more than thirty five percent in 2014 and is expected to continue its dominance throughout the forecast period. Growing interest for modernization of armed troops and increasing adoption of technologically enhanced ammunition are the major factors driving the growth of the ammunition market in Europe. Russia is estimated to be dominating the Europe ammunition market and is one of the major exporters of ammunition to various nations in the Asia Pacific and Rest of the World.

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In North America, various initiatives have been undertaken by the government and military organizations to minimize threats from terrorist organizations, which are contributing to the growth of ammunition market. Following these initiatives, the requirement of enhanced ammunition is growing rapidly among the armed troops. The U.S. is currently estimated to be the largest market for ammunition in the world and is expected to continue holding the position throughout the forecast period.

Asia Pacific (APAC) presently estimated to be the fastest growing region in the global ammunition market, registering a rapid CAGR from 2015 to 2021. China and India are analyzed to be the leading markets for ammunition in the Asia Pacific. Rest of the World (RoW), especially countries in the Middle East such as Israel, Saudi Arabia, Turkey and others are investing heavily in the development and procurement of advanced ammunition to sustain domestic security. Moreover, increasing penetration of manufacturers in developing markets especially in Asia Pacific and Rest of the World are exploring newer opportunities for key players in the ammunition market.

In addition to the ammunition market revenues of 18 major countries, the report provides company market share analysis of the various industry participants and a brief snapshot of the leading ammunition manufacturers. Key players have also been profiled on the basis of company overview, financial overview, business strategies, historical roadmap and recent developments in the field of ammunition. Major market participants profiled in this report include General Dynamics Corporation, Hornady Manufacturing Company, Inc., Fiocchi Munizioni S.p.A., Orbital ATK, Inc., Prvi Partizan A.D., RUAG Holding A.G., Nexter Group, Nammo A.S., Rheinmetall Defence and Companhia Brasileira de Cartuchos among others.

Global Ammunition Market, 2015 – 2021: By Type

> Full Metal Jacketed (FMJ) Ammunition
> Tracer Ammunition
> Incendiary Ammunition
> Armor Piercing Ammunition
> Others

Global Ammunition Market, 2015 – 2021: By Caliber

> Small Caliber Ammunition
> Medium Caliber Ammunition
> Mortar Ammunition
> Artillery Ammunition
> Shotgun Ammunition

Global Ammunition Market, 2015 – 2021: By Application

> Military
> Law Enforcement
> Commercial

Global Ammunition Market, 2015 – 2021: By Geography

North America

> U.S.
> Canada
> Mexico

Europe

> Russia
> UK
> France
> Germany
> Italy
> Rest of Europe

Asia Pacific (APAC)

> China
> India
> Japan
> South Korea
> Rest of APAC

Rest of the World (RoW)

> Saudi Arabia
> UAE
> Israel
> Turkey
> South Africa
> Brazil
> Rest of RoW