Large Caliber Ammunition Market Outlook -2027
A bullet or shell is a projectile fired from a gun's muzzle; it is always a bullet, whether it is released from a Rifle's muzzle using different ammunition, or from a Rapid-Fire Gun's muzzle using fixed, cartridge-case ammunition. The bullets are called major-caliber bullets for weapons of and above 7 inches in caliber. Many companies have introduced a variety of large-caliber ammunition with various specifications such as target practice tracer, high explosive dual purpose, armor-piercing dual purpose with self-destruction, and anti-personnel tracer, among others. These large-caliber ammunition rounds have several applications in the military industry, depending on the projectile types according to their requirements.
COVID-19 Scenario Analysis:
- Even while the world is tackling COVID- 19 pandemic, still all the military procurement and maintenance and manufacturing related to the defense sector is continuing in almost every country, because national safety is foremost important and safeguarding soldiers is a prime requirement.
- Key spenders such as U.S. and Russia delegate a large amount, approximately 4% of their GDP to defense budget. The de-prioritization of defense spending would depend on a variety of other economic and social factors.
- Major powers like the U.S. have already halted all troop movement, missions, and exercises. Cessing or reducing military exercises would reduce the engagement time, informal testing, and evaluation of equipment and reduce the latent market development potential.
- Global ammunition manufacturers will still expect some difficulties in their supply chain, as many distributors and suppliers are likely to face their own operational or financial challenges during such a nationwide lockdown.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Increasing incidences of armed intrastate and regional conflicts across the globe have resulted in various countries procuring advanced weapons and equipment to improve their military strength. Countries invest heavily in military modernization projects to strengthen and upgrade their surveillance & fighting capabilities and improve their weaponry assets in terms of range, accuracy, agility, and lethality, with range and accuracy being the key requirements for the procurement of ammunition. Legal, and political systems are diverse worldwide, which effect various procurement deals. Consequently, weapons, ammunition, and other war equipment regulations often differ from country to country. The spread of illegally produced munitions is a key issue that threatens the safety of different countries around the world. The movement of weapons across borders is the product of inadequate inventory monitoring and reporting systems. These regulations have an impact on all countries' contractual and procurement processes.
The global large caliber ammunition market trends are as follows:
New product launches to flourish the market
The updated RSG60 60 mm mortar for infantry and special forces was unveiled by Rheinmetall in August 2019. These mortar systems are lightweight, able to operate quickly, and ergonomic. In July 2019, the U.K. Ministry of Defense (MoD) reached an agreement for infantry ammunition with Rheinmetall. Also, for example, Pakistan agreed with Italy in 2019 to procure 100,000 shells of artillery. Besides, in 2019, the U.S. Navy also paid a USD 22.7 million contract for its coastal combat ships with the BAE Systems for the Bofors 57 MK3 Gun System. Also, in 201, India announced its order to purchase specific Excalibur 155 mm artillery rounds from the United States in an attempt to improve its border defense.
Ever-increasing defense spending and military procurement due to regional conflicts
There have been major rises in military spending in many countries around the globe, such as the U.S., India, and China. The production and development of weapons and ammunition form a significant part of this military budget. Warfare techniques of worldwide defense forces have advanced considerably due to the challenges posed by guerrilla warfare, counter-insurgency, and counter-terrorism missions. Territorial disputes that increased in the Middle East following the decrease in Western forces have led to armed conflict between the national armies of different countries. Therefore, they have increased the purchase of artillery and mortar systems, and demand for large-scale ammunition at the same time.
Key benefits of the report:
- This study presents the analytical depiction of the global large caliber ammunition market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market share.
- The current market is quantitatively analyzed to highlight the global market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions answered in the large caliber ammunition market research report:
- What are the leading market players active in the large caliber ammunition market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Large Caliber Ammunition Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Application |
|
 By Distribution channel |
|
 By Region |
|
 Key Market Players | Northcorp Grumann Corporation, Global Ordnance, Nexter Grou, BAE Systems, Hornady Manufacturing, Magtech, General Dynamics Corporation, Ruag Ammotech, Denel, Rheinmetall AG |
Loading Table Of Content...
