Global Munition Market, By Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large and Others), Component (Fuzes & Primers, Propellants, Bases, Projectiles and Warheads and Others), Product (Bullets, Aerial Bombs, Grenades, Artillery Shells and Mortars), Guidance (Non-guided and Guided), Lethality (Lethal and Less-Lethal), Country (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) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Munition Market
The munition market is expected to witness market growth at a rate of 3.20% in the forecast period of 2021 to 2028 and is further estimated to reach USD 23,535.7 million by 2028. Data Bridge Market Research report on munition market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the drug trafficking around the world is escalating the growth of munition market.
Munition includes everything from small revolvers, guns, automatic rifles, medium rifles, special arms, missiles, artillery guns and bombs. Munition are said to be the weapons that are utilized in combat.
major factors that are expected to boost the growth of the munition market in the forecast period are the geopolitical strains, territorial conflicts, and political unrest. Furthermore, the rise in the military expenses because of growing arms transfer is further anticipated to propel the growth of the munition market. Moreover, the shift in the nature of warfare and modernization programs commenced by military forces in major countries is further estimated to cushion the growth of the munition market. On the other hand, the fluctuating economic, legal, and the political regulations distressing the obtaining of ammunition is further projected to impede the growth of the munition market in the timeline period.
- In addition, the developments in small caliber ammunition because of growing research and development expenses will further provide potential opportunities for the growth of the munition market in the coming years.
This munition market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, 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 munition market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Munition Market Scope and Market Size
The munition market is segmented on the basis of application, calibre, component, product, guidance and lethality. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the munition market has been segmented into defense, civil & commercial. Defense is further sub segmented into military and homeland security. Civil & Commercial is further sub segmented into sporting, hunting, self-defense and others.
- On the basis of calibre, the munition market has been segmented into small, medium, large and others. Small is further sub segmented into 9mm, 5.56mm, 7.62mm, 12.7mm, .338 lapua magnum, .338 norma magnum, 14.5mm and others. others is further sub segmented into small caliber. Medium is further sub segmented into 20mm, 25mm, 30mm and 40mm. Large is sub segmented into 60mm, 81mm, 120m, 155mm and others.
- On the basis of component, the munition market has been segmented into fuzes & primers, propellants, bases, projectiles and warheads and others.
- On the basis of product, the munition market has been segmented into bullets, aerial bombs, grenades, artillery shells and mortars.
- On the basis of guidance, the munition market has been segmented into non-guided and guided.
- On the basis of lethality, the munition market has been segmented into lethal and less-lethal.
Munition Market Country Level Analysis
The munition market is analysed, and market size, volume information is provided by country, scanner type, application, calibre, component, product, guidance and lethality as referenced above.
The countries covered in the munition market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the munition market due to the rise in the terrorist activities. Furthermore, the lenient gun laws and the increase in the sports and hunting activities will further boost the growth of the munition market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the munition market due to the rise in the geopolitical disagreements. Moreover, the increase in the threat of terrorist attacks is further anticipated to propel the growth of the munition market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Munition Market Share Analysis
The munition market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the munition market.
The major players operating in the munition market report are Northrop Grumman, General Dynamics Corporation, CBC Global Ammunition, Olin Corporation., RUAG Group, BAE Systems, Thales Group, Rheinmetal AG, Nexter group KNDS, Elbit Systems Ltd., Nammo AS, ST Engineering Aerospace, Sierra Bullets, AMMO Inc., Lockheed Martin Corporation, Raytheon Company among others.
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