Ammunition is one of the most important requirements for defense forces, including the Army, Navy and Air Force. A wide range of ammunition has been adopted by the defense forces of various nations in order to protect their countries from wars, conflicts and terrorist activities. Moreover, ammunitions are also used by civilians for hunting and shooting purposes. There are various types of ammunition that have been used in military and civilian applications including small-caliber cartridges, medium-caliber cartridges, and large-caliber cartridges.
Medium-caliber ammunitions are mostly used in the defense industry with the size of caliber ranging from 20mm to 57mm. Many companies have introduced a variety of medium-caliber ammunition with different specifications such as high explosive incendiary, target practice tracer, armor piercing incendiary, high explosive dual purpose grenades, high explosive dual purpose with self-destruction grenades and target practice marker, among others. All such medium-caliber ammunition rounds have multiple uses in military industry as per their specifications. There have been various developments by manufacturers in the field of medium-caliber ammunition.
Ammunition manufacturers are also collaborating with other companies in order to geographically expand their product offers across different regions of the globe. Furthermore, manufacturers have received various contracts from defense forces of different nations for procurement of specific sized medium-caliber rounds.
The main drivers that are going to create demand for medium-caliber ammunition includes defense modernization programs and rising wars, conflicts and terrorism activities. There have been increments made in the overall defense spending of various nations all over the world. The growing defense budget of the different countries is playing a major part in the defense modernization program adopted for strengthening the nation’s military forces. The increasing defense spending impacts the procurement of military equipment. This also puts a strong emphasis on the aspect of purchase of munitions including medium-caliber ammunition rounds.
According to the latest market research report by BIS Research, titled ‘Global Medium-Caliber Ammunition M…ecast (2017-2021)’, the total market size of medium-caliber ammunition was valued at $732 million in 2016 due to rising wars, conflicts & terrorism activities, and increasing defense budgets across different countries. The market is expected to reach $884.4 million by 2021. Owing to the increasing demand for smart weapons as well as growing need from non-U.S and non-European markets, the market of medium-caliber ammunition is expected to show robust growth during the forecast period 2017-2021.
Few Companies Mentioned in the Report:
- BAE Systems
- Companhia Brasileira De Cartuchos (CBC)
- Denel SOC Ltd (DENEL PMP)
- General Dynamics Ordnance and Tactical Systems, Inc.
- MAXAMCorp Holding, S.L.
- MESKO SA
- Multinational Defense Services LLC
- Nammo AS
- Nexter Group
- Orbital ATK, Inc.
- Poongsan Corporation
- Rheinmetall AG
- Singapore Technologies Engineering Ltd
- Thales Group
Key Questions Addressed in the Report:
- What are the trends in medium-caliber ammunition market across different regions?
- What are the major driving forces that tend to increase the demand of medium-caliber ammunition during the forecast period?
- What are the major challenges inhibiting the growth of the global medium-caliber ammunition market?
- What is the total revenue generated in medium-caliber ammunition industry by caliber type in 2016, estimates in 2017 and forecast till 2021?
- Which caliber type (20mm, 25mm, 30mm, 40mm and others) will dominate the market in coming years?
- What is the total market share of medium-caliber ammunition industry by geography?
- What is the total revenue generated by each caliber type for different regions in medium-caliber ammunition industry in 2016?
- What will be the estimated revenue generation in 2017 and forecast till 2021?
- Who are the key players in the medium-caliber ammunition market?
- What major opportunities do the medium-caliber ammunition companies foresee?
- What strategies are adopted by medium-caliber ammunition players to sustain or grow in the market?
- What is the total market share of leading players in the global medium-caliber ammunition industry?
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