Small & Medium Caliber Ammunition Market Is Slated To Witness Tremendous Growth In Future

Small & Medium Caliber Ammunition Industry

The global small & medium caliber ammunition market is projected to reach USD 12.74 billion by 2027, growing at a compound annual growth rate (CAGR) of 4.2%, according to a new report by Grand View Research, Inc. The primary driver of this growth is the rise in arms and ammunition purchasing, largely fueled by escalating geopolitical tensions worldwide. Increasing global incidences of armed conflicts and terrorism have prompted major economies to reinforce their defense sectors, including the military, air force, and navy. This bolstered defense spending is expected to significantly contribute to the demand for small and medium caliber ammunition over the forecast period.

Additionally, geopolitical factors such as cross-border insurgencies and ongoing boundary disputes between major economies are likely to further stimulate market demand in the coming years. As countries continue to invest in upgrading their defense systems to address these security challenges, there is expected to be an increasing requirement for advanced and reliable ammunition.

The growing demand for handguns for self-defense, ammunition for local law enforcement agencies, and the replacement of outdated ammunition with more modern alternatives are also contributing to the expansion of the market. These factors are expected to remain significant drivers of market growth as countries continue to focus on strengthening internal security and defense capabilities.

Overall, the small & medium caliber ammunition market is poised for steady growth, supported by both increasing defense spending and evolving security needs across the globe.

Curious about the Small & Medium Caliber Ammunition Market, Download your FREE sample copy now and get a sneak peek into the latest insights and trends.

Small & Medium Caliber Ammunition Market Segments Highlights:

• Products with 7.62 x 39mm caliber accounted for the largest revenue share of over 12% in 2019 owing to their compatibility with the AK series rifles
• The market in India is expected to witness a growth rate of over 5% from 2020 to 2027, which can be attributed to the ‘Self Reliant India’ initiative announced by the Indian Prime Minister, which was imposed in a bid to make the Indian defense sector self-reliant and bolster indigenization
• The market in Middle East and Africa is also expected to witness significant growth on account of increased military budget by Algeria, Morocco, Egypt, and Tunisia. Political disruption and fallen crude oil prices in the region due to CoVID-19 is expected to increase military activities across its borders, thereby boosting the market growth
• Prominent players in the market are collaborating with the defense forces and the governments for replacing conventional arms and ammunition with the new and advanced weapon system. Moreover, the increasing trend of testing newly developed small and medium caliber ammunition in the developing economies by the supplier is expected to influence the market

Small & Medium Caliber Ammunition Market Report Segmentation

Grand View Research has segmented the global small & medium caliber market on the basis of product and region:

Small & Medium Caliber Ammunition Product Type Outlook (Revenue, USD Million, 2016 - 2027)

• 62 x 39 mm
• 62 x 54 mm
• 30 x 165 mm
• 23 x 115 mm
• 23 x 152 mm
• 7 x 108 mm
• 5 x 114 mm
• Others

Small & Medium Caliber Ammunition Regional Outlook (Revenue, USD Million, 2016 - 2027)

• Asia Pacific
  • Bangladesh
  • Sri Lanka
  • Philippines
  • Malaysia
  • Indonesia
  • India
• Middle East & Africa (MEA)
  • Kuwait
  • Egypt
  • Algeria
  • Tunisia
  • Morocco
  • Benin
  • Burkina Faso
  • Cameroon
• Central & South America
  • Peru
  • Chile

Key Small & Medium Caliber Ammunition Company Insights

• Northrop Grumman Corp.
• FN Herstal
• General Dynamics Corp.
• BAE Systems, Inc.
• ARSENAL JSCo
• MESKO S.A.
• Nammo AS
• Rheinmetall Defense
• JSC Rosoboronexport
• Nexter KNDS Group
• ST Engineering
• Denel SOC Ltd.
• MAXAMCorp Holding, S.L.
• RUAG Group
• Poongsan Corp.
• CBC Ammo LLC
• STV Group a.s.
• Yugoimport SDPR J.P
• The Ulyanovsk Cartridge Works
• Rostec
• The Tula Cartridge Works
• Klimovsk Specialized Ammunition Plant
• A. Degtyarev Plant
• State Research and Production Enterprise Bazalt
• Central Research Institute for Precision Machine Building (TsNIITochMash)
• North Industries Group Corp. (Norinco)

Order a free sample PDF of the Small & Medium Caliber Ammunition Market Intelligence Study, published by Grand View Research.