Global Ammunition (Aerial Bombs) Market – Industry Trends and Forecast to 2031

Global Ammunition (Aerial Bombs) Market, Component (Fuzes and Primers, Propellants, Bases, Projectiles and Warheads, and Others), Caliber (Small, Medium, Large, and Others), Guidance (Non-Guided and Guided), Lethality (Lethal and Less-Lethal), Application (Defense, Civil, and Commercial)- Industry Trends and Forecast to 2031.

Ammunition (Aerial Bombs) Market Analysis and Size

A wide range of ammunition of sizes and types are being utilized across the globe that are specifically designed to work only in specific weapons systems. Presence of internationally recognized standards on certain ammunition types, including .56×45mm NATO enables their use by different users.

The global ammunition (Aerial Bombs) market was valued at USD 24.40 billion in 2023 and is expected to reach USD 38.8 billion by 2031, registering a CAGR of 3.8% during the forecast period of 2024-2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Report Scope and Market Segmentation

Market Definition

Ammunition (aerial bombs) refers to explosive weapons designed to be deployed from aircraft. These bombs are engineered for various military applications, including targeting enemy infrastructure, vehicles, and personnel. Aerial bombs encompass a range of types, including general-purpose bombs, precision-guided munitions, cluster bombs, and incendiary bombs, each with specific functionalities tailored to different combat scenarios. The development and use of aerial bombs are governed by technological advancements and international regulations to enhance effectiveness while aiming to minimize unintended damage.

Ammunition (Aerial Bombs) Market Dynamics

Drivers

• Increase in Terrorist Activities

The increase in the number of terrorist activities and hostilities globally acts as one of the major factors driving the ammunition market. Thus, the rise in the procurement of defense equipment by prominent militaries also has a positive impact on the market.

• Technological Developments

The technological developments in the ammunition such as lightweight bullets made from polymer-based cases and the rise in the penetration of small-caliber ammunition owning to the growing trend of sports that utilize rifles and pistols accelerate the ammunition market growth. The in military expenditure across countries drives the market further.

• Use by Civilians and the Homeland Security

The acquirement of small caliber ammunition by civilians and the homeland security department and rise in of sales channels such as online sales further influence the ammunition market. Modernization programs undertaken by military forces assist in the expansion of the market.

Opportunities

• Increase in a Demand for Advanced Ammunition from Emerging Economies

Increase in a demand for advanced ammunition from emerging economies extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, reduction in weight of ammunition will further expand the market.

Restraints/Challenges

• Varying Regulations Affecting Procurement of Ammunition

Varying regulations affecting procurement of ammunition are expected to obstruct market growth. Also, international measures to control use of ammunition is projected to challenge the ammunition market in the forecast period.

 The market report provides details of new recent developments, trade regulations, market share, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the business intelligence market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Ammunition (Aerial Bombs) Market Scope

The market  is segmented on the basis of component, caliber, guidance, lethality and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Component

• Fuzes and Primers
• Propellants
• Bases
• Projectiles and Warheads
• Others

Caliber

• Small
• Medium
• Large
• Others

Guidance

• Non-Guided
• Guided

Lethality

• Lethal
• Less-Lethal

Application

• Defense
• Civil
• Commercial

Ammunition (Aerial Bombs) Market Region Analysis/Insights

The market  is segmented on the basis of component, caliber, guidance, lethality and application.

The countries covered in the  report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa.

North America dominates the ammunition  aerial bomb market because of the rise in the threat from terrorism, and presence of lenient gun laws within the region.Also, emerging economy across the region is also influencing the market.

Asia-Pacific is expected to witness significant growth during the forecast period because of the increase in the spending for the modernization of their armed forces, and the acquirement of ammunition for the armed forces and law enforcement agencies in the region.

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The market also provides you with a detailed market analysis for every region’s growth for capital equipment, installed base of different kinds of products for the market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2016-2021.

Competitive Landscape and Ammunition (Aerial Bombs) Market Share Analysis

The market  is segmented on the basis of component, caliber, guidance, lethality and application. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market

Some of the major players operating in the market are:

• AMMO Inc (U.S)
• Arsenal 2000 JSCo (Bulgaria)
• BAE Systems (UK)
• CBC Global Ammunition (Brazil)
• Denel SOC Ltd (South Africa)
• Chemring Group PLC (UK)
• Elbit Systems Ltd. (Isreal)
• FIOCCHI MUNIZIONI SPA (Italy)
• General Dynamics Corporation (US)
• Hanwha Group (South Korea)
• Herstal SA (Belgium)
• Hornady (U.S)
• EXPAL Systems (Spain)
• Nammo AS (Norway)
• Nexter group KNDS (France)
• Norinco Private Limited (India)
• Northrop Grumman (U.S)