Ammunition market size to grow at a CAGR of 4.29% from 2022 to 2027, Prevalence of geopolitical conflicts, political tensions, and cross-border issues to drive growth, Technavio

Key Facts

• Market insights - Vendors: 15+, including Adani Group, AMMO Inc., BAE Systems Plc, BERETTA HOLDING SA, CBC Global Ammunition, Denel SOC Ltd., Elbit Systems Ltd., Fabbrica dArmi Pietro Beretta S.p.A., General Dynamics Corp., Global Ordnance LLC, Hanwha Corp., Herstal SA, Industrias Tecnos S.A. de C.V., Lockheed Martin Corp., Mesko SA, Nammo AS, Nexter KNDS Group, Northrop Grumman Systems Corp., Olin Corp., Polska Grupa Zbrojeniowa SA, Poonfsan Corp., Rheinmetall AG, Singapore Technologies Engineering Ltd., Thales Group, Vista Outdoor Inc., among others Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors * Segments: Product (small caliber, medium caliber, and large caliber), application (defense, civil, and commercial), and geography (North America, APAC, Europe, Middle East and Africa, and South America) In 2017, the ammunition market was valued at USD 19.52 billion.
• The growth of this segment is attributed to factors such as a rise in the demand for weapons for defense and recreational purposes.
• Key challenges Rise in ammunition smuggling Proliferation of illicit ammunition manufacturers * International measures to control ammunition use The rise in ammunition smuggling is fueled by the high demand for firearms and related goods on the black market.
• Related Reports: The NATO ammunition market size is expected to increase by USD 208.24 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.13%.

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