Global Small Caliber Ammunition Market

Small Caliber Ammunition Market Size, Share, Growth Analysis, By Caliber(223 Remington, 308 Winchester, 9mm Luger, 45 Auto/ACP), By Application(Commercial, Military & Homel, Security), By Region - Industry Forecast 2024-2031

Report ID: SQSG20A2021 | Region: Global | Published Date: July, 2036
Pages: 157 | Tables: 76 | Figures: 75

Small Caliber Ammunition Market News

  • 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.
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Small Caliber Ammunition Market size was valued at USD 10.8 billion in 2019 and is poised to grow from USD 11.08 billion in 2023 to USD 13.82 billion by 2031, growing at a CAGR of 2.8% in the forecast period (2024-2031).

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. 'Federal Premium Ammunition', 'Winchester Ammunition', 'Hornady Manufacturing Company', 'Remington Arms Company', 'Olin Corporation', 'CBC Global Ammunition', 'Sellier & Bellot', 'Magtech Ammunition', 'Fiocchi Munizioni', 'Nammo AS', 'RUAG Ammotec', 'Denel PMP', 'Geco Ammunition', 'Norinco', 'IMI Systems', 'Prvi Partizan', 'Wolf Performance Ammunition', 'Lapua', 'Norma Precision AB', 'MAST Technology Inc.'

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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Global Small Caliber Ammunition Market

Report ID: SQSG20A2021

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