Small Caliber Ammunition Market Size, Share, Growth Analysis, By Caliber (5.56mm, 7.62mm), By Application (Military, Law Enforcement), By Bullet Type (Lead, Copper), By End-User, By Region - Industry Forecast 2025-2032


Report ID: SQSG20A2021 | Region: Global | Published Date: November, 2024
Pages: 157 |Tables: 76 |Figures: 75

Small Caliber Ammunition Market Insights

Small Caliber Ammunition Market size was valued at USD 8.22 Billion in 2023 and is poised to grow from USD 8.44 Billion in 2024 to USD 10.47 Billion by 2032, growing at a CAGR of 2.7% during the forecast period (2025-2032).

Consistent demand for ammunition from the defense & military is one of the key factors fueling the growth of the global caliber ammunition market. The demand for small-caliber ammunition is increasing as various countries increase their spending to strengthen their armed forces. Additionally, the increase in the global demand for highly sophisticated, small caliber ammunition is being driven by the increase in the defense budget. For instance, with more than USD30 million in munitions orders signed to the United States, New Zealand, Canada, Asia, and Europe in 2019, Thales' Australian Munitions business experienced its highest traffic year for munitions export orders to date. Additionally, government organizations place a strong emphasis on replacing outdated infantry items with newer military gear and upgrading the latter. Therefore, it is anticipated that an increase in military spending by various countries around the world will spur growth in the small caliber market during the anticipated period.

Personal safety due to terrorists has resulted in people finding a need to keep a personal small caliber pistol. For instance, despite an increase in terrorist attacks, the impact of terrorism is declining, according to the 2022 Global Terrorism Index (GTI). Terrorist deaths decreased by 1.2 % to 7,142 in 2019, while terrorist attacks increased by 17 %, showing that terrorism is becoming less frequent. The best result since 2007 was achieved by two-thirds of the nations, and 86 of those nations saw improvements in their GTI scores.

Additionally, the market is seeing potential growth from the import and export of handguns, which is driving up demand for ammunition with a small caliber. The use of small-caliber ammunition is also encouraged by the rise in training programs and shooting competitions. During the anticipated period, these factors are anticipated to accelerate market growth.

US Small Caliber Ammunition Market  is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2025-2032

Global Market Size

USD 8 billion

Largest Segment

Large caliber ammunition

Fastest Growth

Small caliber ammunition

Growth Rate

2.7% CAGR

Small Caliber Ammunition Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Small Caliber Ammunition Market Segmental Analysis

Global Small Caliber Ammunition Market is segmented by caliber, application, bullet type, end user and region. Based on caliber, the market is segmented into 5.56mm, 7.62mm, 9mm, 12.7mm and others. Based on function, the market is segmented into Based on application, the market is segmented into industrial and non-industrial. Based on end user, the market is segmented into automotive, consumer electronics, healthcare, agriculture, manufacturing, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Small Caliber Ammunition Market Analysis by Caliber

Based on the caliber, the small caliber ammunition market is bifurcated into 223 Remington, 308 Winchester, 9mm Luger, 45 Auto/ACP, 380 ACP, 357 Magnum, 10 Gauge, 12 Gauge, 40 S&W, 20 Gauge, 22LR, 50 BMG, 6.5 Grendel, 7.62*39/54mm, 30-06 Springfield, and others. Due to the growing popularity of caliber in both handguns and rifles around the world, the 22LR caliber segment will continue to hold the largest market share for small-caliber ammunition during the forecast period. The segmental growth will be further fueled by the expanding commercial and military use of handguns and rifles. Thanks to its wide variety of cartridges available in the 7.62 mm segment and the forecast period's higher CAGR, this segment is anticipated to grow at the fastest rate. Long-range small arms like medium machine guns, handguns, and shorter-range sniper rifles all use the 7.62mm caliber. There are two different 7.62mm ammunition configurations: 7.62x51mm and 7.62x39mm. While the 7.62x39mm is primarily a Russian configuration, the 7.62x51mm is primarily an American configuration. The need for both configurations among the defense and homeland security forces is enormous. The handgun cartridge most frequently used in the United States is the 9mm Luger segment. Handguns are frequently used for self-defense, sporting activities, and hunting. The 9mm Luger caliber is expected to see increased demand due to the rising demand for pistols for a variety of purposes.

Small Caliber Ammunition Market Analysis by Application

Based on application, the small caliber ammunition market is divided into military, homeland security, and law enforcement organizations. Among these the military segment is expected to grow at a faster pace. Small caliber ammunition is becoming more and more in demand for military modernization projects, and more and more nations around the world are spending more on defense.  During the forecast period, a sizable CAGR is predicted for the commercial segment. It is a result of the increased demand for small-caliber ammunition for sporting and hunting purposes in North America. Growing personal security concerns and the prevalence of several shooting ranges are driving the market's expansion. The US has highlighted the rise in gun and ammo purchases because of personal safety concerns to 8.4 million first-time gun buyer registrations amidst the current COVID 19 pandemic. In order to acquire cutting-edge weapon systems including handguns, rifles, and shotguns, numerous law enforcement and military organizations throughout the world have made considerable investments in the sector. Law enforcement organisations were established as a result of the increasing number of crimes and abuses of human rights around the world.

Small Caliber Ammunition Market By Caliber

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Small Caliber Ammunition Market Regional Insights

Asia Pacific is expected to dominate the small caliber ammunition market share. This demand is predicated on the fact that these nations have the largest ammunition imports. According to Stockholm International Peace Research Institute (SIPRI), the five largest arms exporters in 2017–21 were the United States, Russia, France, China and Germany. The five largest arms importers were India, Saudi Arabia, Egypt, Australia and China. Between 2012–16 and 2017–21 there were increases in arms transfers to Europe 19% and to the Middle East 2.8%, while there were decreases in the transfers to the North America –36%, Africa –34%, and Asia –4.7%.

Followed by Europe and North America have shown significant growth over the forecast period. Government policies in Europe include those governing the ownership of firearms, the availability of firearms on a single market, and a protocol prohibiting the production and trafficking of firearms. The Middle Eastern and Syrian refugee crises have also presented difficulties for the European defense system. The threat of terrorism has also been present in Europe, and as a result, the market for ammunition in Europe is anticipated to grow during the forecast period. North America is driven by the US's strong demand for new ammunition assets to replace the outdated ones as well as the growing amount of money being invested in research and development. The demand for small caliber ammunition is expected to increase during the forecast period as a result of rising defense spending in the region and the US Department of Defense's long-term competitive strategy for developing cutting-edge technologies and new concepts of warfare. The demand and supply of small caliber ammunition in the region are also influenced by the substantial presence of several well-known companies that operate in the North American small caliber ammunition market, such as Northrop Grumman Corporation and General Dynamics Corporation.

Small Caliber Ammunition Market By Region
  • Largest
  • Fastest

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Small Caliber Ammunition Market Dynamics

Small Caliber Ammunition Market Driver

  • Government institutions use small caliber ammunition in a variety of military, civilian, and law enforcement applications because terrorist activities have always posed a threat to nations. As a result, to lessen the threat and protect the populace, these institutions use small caliber ammunition. Additionally, the rise in terrorist attacks that take place in numerous nations helps to fuel the expansion of the world market for small-caliber ammunition. This small-caliber ammo is employed for personal defense. Additionally, the preference for small-caliber ammunition is growing as shotguns, handguns, revolvers, and pistols are increasingly preferred for safety.
  • Small-caliber ammunition is primarily used for domestic purposes like sporting, hunting, personal safety, and others. The market is expanding due to rising terrorism activity, more mass shootings, particularly in the United States and Australia, and rising demand from the military. Handguns are typically carried as sidearms by police officers and military personnel. The demand for the ammunition required for pistols and revolvers is rising as a result of the sizeable market for civilian firearms in the United States. The production of handguns, shotguns, light machine guns, short-range rifles, and large guns has increased globally, which is also assisting the market's expansion.

Small Caliber Ammunition Market Restraint

  • Different governments have different laws and regulations governing who is allowed to acquire weapons and ammunition. Because of the strict government regulations and protracted certification procedures, Original Equipment Manufacturers (OEMs) of small guns and ammunition face difficulties. The world's harshest firearms laws are found in India. In India, potential gun owners must demonstrate their training and must store their weapons in gun lockers while they are knocked down. Key players' contracts and procurement procedures are impacted internationally by these severe firearms prohibitions. The worldwide trade in small-caliber ammunition is tightly regulated by numerous regulatory bodies, including homeland security and law enforcement. As a result, this inhibits market expansion.

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Small Caliber Ammunition Market Competitive Landscape

Global small caliber ammunition market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Top Players in the Global Small Caliber Ammunition Market

  • Northrop Grumman Corporation 
  • General Dynamics Corporation 
  • Nammo AS 
  • CBC Global Ammunition 
  • Olin Corporation 
  • BAE Systems Plc 
  • FN Herstal 
  • Vista Outdoor Inc. 
  • Poongsan Corporation 
  • DSG Technology AS 
  • Elbit Systems Ltd. 
  • Thales Group 
  • Remington Arms Company, LLC 
  • Winchester Ammunition 
  • Hornady Manufacturing Company 
  • Federal Premium Ammunition 
  • Sellier & Bellot 
  • Barnaul Cartridge Plant 
  • Fiocchi Munizioni 
  • Magtech Ammunition

Small Caliber Ammunition Market Recent Developments

  • In July 2022, Northrop Grumman Corporation (NYSE: NOC) recently completed the preliminary design review for a high-energy laser prototype that will feature an architecture scalable to more than a megawatt for the U.S. Department of Defense. The review establishes the company’s technical approach for precise, low-cost, speed-of-light technology for military operations.
  • In March 2022, BAE Systems Acquires Military Simulations Firm for D200 Million. The merger stands to enhance BAE’s ability to fulfill US defense strategy requirements for joint, all-domain operations.

Small Caliber Ammunition Key Market Trends

  • Development of lighter, more lethal ammunition with a longer range is also being pursued through a number of new weapon and ammunition development programs. The quick development of technology is assisting such developments. Europe and the Asia-Pacific region, which are either replacing aging equipment or increasing their inventory to strengthen their armed forces, are the main markets for advanced weapons and related ammunition.
  • The advent of environmentally friendly green ammunition has had a significant positive impact on the expansion of the small caliber ammunition market. Green bullets are being adopted by military forces more frequently as they serve to avoid potential health risks like those brought on by lead bullets and reduce pollution of shooting ranges. Significant increase in the demand for small-caliber ammunition for use with handguns and rifles Demand for small caliber ammunition is being driven by a growing interest in shooting as a major sport, an increase in the number of female shooters, and shooting contests organized in nations around the world.

Small Caliber Ammunition Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global small caliber ammunition market analysis, in terms of Caliber, the 22LR caliber segment will continue to hold the largest market share for small-caliber ammunition during the forecast period. In terms of distribution channel, the military segment is expected to grow at a faster pace. Small caliber ammunition is becoming more and more in demand for military modernization projects, and more and more nations around the world are spending more on defense.

Report Metric Details
Market size value in 2023 USD 8.22 Billion
Market size value in 2032 USD 10.47 Billion
Growth Rate 2.7%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Caliber
    • 5.56mm, 7.62mm, 9mm, 12.7mm, Others
  • Application
    • Military (Training, Combat), Law Enforcement (Training, Operations), Civilian (Sports and Hunting, Self-defense)
  • Bullet Type
    • Lead, Copper, Brass, Steel, Others
  • End User
    • Defense, Homeland Security, Commercial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Northrop Grumman Corporation 
  • General Dynamics Corporation 
  • Nammo AS 
  • CBC Global Ammunition 
  • Olin Corporation 
  • BAE Systems Plc 
  • FN Herstal 
  • Vista Outdoor Inc. 
  • Poongsan Corporation 
  • DSG Technology AS 
  • Elbit Systems Ltd. 
  • Thales Group 
  • Remington Arms Company, LLC 
  • Winchester Ammunition 
  • Hornady Manufacturing Company 
  • Federal Premium Ammunition 
  • Sellier & Bellot 
  • Barnaul Cartridge Plant 
  • Fiocchi Munizioni 
  • Magtech Ammunition
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Small Caliber Ammunition Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Small Caliber Ammunition Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Small Caliber Ammunition Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Small Caliber Ammunition Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Small Caliber Ammunition Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Small Caliber Ammunition Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Small Caliber Ammunition Market size was valued at USD 8.22 Billion in 2023 and is poised to grow from USD 8.44 Billion in 2024 to USD 10.47 Billion by 2032, growing at a CAGR of 2.7% during the forecast period (2025-2032).

Global small caliber ammunition market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Northrop Grumman Corporation ', 'General Dynamics Corporation ', 'Nammo AS ', 'CBC Global Ammunition ', 'Olin Corporation ', 'BAE Systems Plc ', 'FN Herstal ', 'Vista Outdoor Inc. ', 'Poongsan Corporation ', 'DSG Technology AS ', 'Elbit Systems Ltd. ', 'Thales Group ', 'Remington Arms Company, LLC ', 'Winchester Ammunition ', 'Hornady Manufacturing Company ', 'Federal Premium Ammunition ', 'Sellier & Bellot ', 'Barnaul Cartridge Plant ', 'Fiocchi Munizioni ', 'Magtech Ammunition'

Government institutions use small caliber ammunition in a variety of military, civilian, and law enforcement applications because terrorist activities have always posed a threat to nations. As a result, to lessen the threat and protect the populace, these institutions use small caliber ammunition. Additionally, the rise in terrorist attacks that take place in numerous nations helps to fuel the expansion of the world market for small-caliber ammunition. This small-caliber ammo is employed for personal defense. Additionally, the preference for small-caliber ammunition is growing as shotguns, handguns, revolvers, and pistols are increasingly preferred for safety.

Development of lighter, more lethal ammunition with a longer range is also being pursued through a number of new weapon and ammunition development programs. The quick development of technology is assisting such developments. Europe and the Asia-Pacific region, which are either replacing aging equipment or increasing their inventory to strengthen their armed forces, are the main markets for advanced weapons and related ammunition.

Asia Pacific is expected to dominate the small caliber ammunition market share. This demand is predicated on the fact that these nations have the largest ammunition imports. According to Stockholm International Peace Research Institute (SIPRI), the five largest arms exporters in 2017–21 were the United States, Russia, France, China and Germany. The five largest arms importers were India, Saudi Arabia, Egypt, Australia and China. Between 2012–16 and 2017–21 there were increases in arms transfers to Europe 19% and to the Middle East 2.8%, while there were decreases in the transfers to the North America –36%, Africa –34%, and Asia –4.7%.

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Small Caliber Ammunition Market

Report ID: SQSG20A2021

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