Procuring and developing enhanced weaponry and ammunition has become highly competitive these days. Considered as a way to ensure the security of a nation from foreign forces, arms and ammunition currently form a big part of any country’s annual spending. Rising concerns in the form of unfavorable geopolitical disputes and threats from terrorists are also significantly leading to the increased demand for a variety of weapons and ammunition on the global front.

AMMUNITIONS- http://www.transparencymarketresearch.com/ammunition-market.html

The global market for ammunition is primarily driven by the demand from various armed troops, government concerns to prevent threats from terrorist organizations and international geopolitical disputes. The growth of the ammunition market is attributed to the changing military and law enforcement requirements, various military modernization initiatives and continual research and development globally. Additionally, the increasing civilian participations in shooting related sports are currently pushing the market for ammunitions forward worldwide. Furthermore, the increasing expenditure in military enhancements and increasing arms race, especially among the nations in Asia Pacific are currently influencing significant growth of the ammunition market, thereby posing for future opportunities during 2015 to 2021.

Full Metal Jacketed Ammunition Sector to be the Dominant Contributor

In terms of revenue, the global ammunition market was dominated by the full metal jacketed ammunition sector. This sector accounted for almost 50% of the market in 2014. Increasing usage of advanced technology by terrorist organizations and hostile nations is expected to propel the full metal jacketed ammunition sector by 2021.

Small Caliber Sector to Lead the Ammunition Market

In 2014, the small caliber ammunition sector dominated the global ammunition market, accounting for the highest market share. The demand for small caliber ammunition is expected to increase globally due to the presence of a wide variety of applications in law enforcement, military, and the commercial sector. By application, the global ammunition market was dominated by the military sector in 2014. The commercial sector and the law enforcement sector are predicted to develop rapidly during the forecast period.

The growing competition among nations to equip armed troops with advanced weaponry in order to secure the country’s economy and citizen’s 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 scenario for ammunition market globally.

The Europe ammunition market led the global ammunition market in 2014. The Europe ammunition market accounted for a 35% market share in 2014. The Asia Pacific region is predicted to grow rapidly till 2021, at a 4.0% CAGR. Leading players in the market are introducing enhanced ammunition by focusing on the demand from military organizations and government organizations. Some of the leading players in the global ammunition market are General Dynamics Corporation, Fiocchi Munizioni S.p.A., Prvi Partizan A.D., Nexter Group, Rheinmetall Defence, Companhia Brasileira de Cartuchos, Hornady Manufacturing Company, Inc., Orbital ATK, Inc., RUAG Holding A.G., and Nammo A.S.

Professional Aspects of Ammunition- http://bit.ly/1TcyHAV

Some of the major companies operating in the global ammunition market are Orbital ATK, Inc., General Dynamics Corporation, Nammo A.S., Fiocchi Munizioni S.p.A., Hornady Manufacturing Company, Inc., Companhia Brasileira de Cartuchos, Rheinmetall Defence, RUAG Holding A.G., Prvi Partizan A.D, and Nexter Group.