Product Code: PM1201
The global ammunition market size is expected to reach USD 39.31 billion by 2032, according to a new study by Polaris Market Research. The report "Ammunition Market Share, Size, Trends, Industry Analysis Report, By Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars); By Component; By Caliber; By Guidance Mechanism; By Application; By Lethality; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Military forces worldwide continuously upgrade their weaponry to maintain readiness, enhance capabilities, and adapt to evolving threats. This includes the procurement of new ammunition to match modern firearms and artillery systems. As military equipment becomes outdated, there is a constant need to replenish stocks with newer, more effective ammunition. Heightened geopolitical tensions, regional conflicts, and territorial disputes drive demand for ammunition. Countries facing security threats or engaged in conflicts prioritize the acquisition of ammunition to bolster their defense capabilities, deter potential adversaries, and ensure national security.
Growing global threats are significantly fueling the adoption of ammunition, including bullets, grenades, artillery shells, and other defense infrastructure among nations. The increasing terrorist attacks are expected to further propel defense expenditures and, thereby, ammunition in the long run. As per the Stockholm International Peace Research Institute Report 2024, world military spending reached USD 2443 billion in 2023, accounting for a 6.8% growth from the previous year.
The increasing efforts made by ammunition production companies toward global expansion are optimally influencing the ammunition market. For instance, in February 2024, Adani Group introduced India's first ammunition mission production facility in Uttar Pradesh, with an estimated investment of INR 3,000 crore.
Furthermore, the ongoing Ukrainian and Russian wars are significantly facilitating the need for countries to equip ammunition and defense missiles to safeguard against wars and threats. The growing government support for Ukraine is fueling the demand for ammunition. The increasing concerns about national safety and security are promptly boosting the need for defense equipment production, including ammunition.
Major nations are finding ways to improve their ammunition manufacturing capacity. For instance, in February 2024, Rheinmetall unveiled its plan to develop an ammunition center in Germany with an investment of EUR 300 million to produce artillery shells and explosives by 200,000 and 1900 tonnes, respectively.
Ammunition Market Report Highlights
The bullets segment is anticipated to witness the highest growth in the coming years due to the growing incidence of attacks.
The projectiles and warheads segment accounted for the largest market share owing to the rising prevalence of air-based wars.
The small-caliber Ammunition segment held a significant market revenue share in 2023 due to its flexibility and accuracy.
In 2023, the Asia Pacific region held the largest market share due to the increasing defense expenditures among the nations with growing border conflicts in the region
Europe is projected to register the fastest growth during the forecast period, attributable to growing defense expenditures by nations.
The global players include BAE Systems, CBC Global Ammunition, Elbit Systems, General Dynamics Corporation, Nammo AS, Nexter KNDS group, and more.
Polaris Market Research has segmented the ammunition market report based on product, component, caliber, guidance mechanism, application, lethality, and region:
Ammunition, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Bullets
- Aerial Bombs
- Grenades
- Artillery Shells
- Mortars
Ammunition, Component Outlook (Revenue - USD Billion, 2019 - 2032)
- Fuzes & Primers
- Fuze
- Primer
- Propellants
- Bases
- Projectiles and Warheads
- Others
Ammunition, Caliber Outlook (Revenue - USD Billion, 2019 - 2032)
- Small-Caliber Ammunition
- 9X19 MM Parabellum
- 5.56 MM
- 7.62 MM
- 12.7 MM
- 14.5 MM
- .338 Lapua Magnum
- .338 Norma Magnum
- Others
- Medium-Caliber Ammunition
- 20 MM
- 25 MM
- 30 MM
- 40 MM
- Large-Caliber Ammunition
- 60 MM
- 81 MM
- 120 MM
- 155 MM
- Others
Ammunition, Guidance Mechanism Outlook (Revenue - USD Billion, 2019 - 2032)
Ammunition, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Defense
- Military
- Homeland Security
- Civil & Commercial
- Sporting
- Hunting
- Self-Defense
- Others
Ammunition, Lethality Outlook (Revenue - USD Billion, 2019 - 2032)
Ammunition, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of APAC
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of LA
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of MEA
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Ammunition Market Insights
- 4.1. Ammunition - Industry Snapshot
- 4.2. Ammunition Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising bilateral agreements to stimulate defense equipment manufacturing
- 4.2.1.2. Growing demand for ammunition systems
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Huge cost of advanced ammunition systems
Porter's Five Forces Analysis
- 4.2.3. Bargaining Power of Suppliers (Moderate)
- 4.2.4. Threats of New Entrants: (Low)
- 4.2.5. Bargaining Power of Buyers (Moderate)
- 4.2.6. Threat of Substitute (Moderate)
- 4.2.7. Rivalry among existing firms (High)
- 4.3. PESTLE Analysis
- 4.4. Ammunition Industry Trends
- 4.5. COVID-19 Impact Analysis
5. Global Ammunition Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Ammunition Market, by Product, 2019-2032 (USD Billion)
- 5.3. Bullets
- 5.3.1. Global Ammunition Market, by Bullets, by Region, 2019-2032 (USD Billion)
- 5.4. Aerial Bombs
- 5.4.1. Global Ammunition Market, by Aerial Bombs, by Region, 2019-2032 (USD Billion)
- 5.5. Grenades
- 5.5.1. Global Ammunition Market, by Grenades, by Region, 2019-2032 (USD Billion)
- 5.6. Artillery Shells
- 5.6.1. Global Ammunition Market, by Artillery Shells, by Region, 2019-2032 (USD Billion)
- 5.7. Mortars
- 5.7.1. Global Ammunition Market, by Mortars, by Region, 2019-2032 (USD Billion)
6. Global Ammunition Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Ammunition Market, by Application, 2019-2032 (USD Billion)
- 6.3. Defense
- 6.3.1. Global Ammunition Market, by Defense, by Region, 2019-2032 (USD Billion)
- 6.3.2. Military
- 6.3.2.1. Global Ammunition Market, by Military, by Region, 2019-2032 (USD Billion)
- 6.3.3. Homeland Security
- 6.3.3.1. Global Ammunition Market, by Homeland Security, by Region, 2019-2032 (USD Billion)
- 6.4. Civil & Commercial
- 6.4.1. Global Ammunition Market, by Civil & Commercial, by Region, 2019-2032 (USD Billion)
- 6.4.2. Sporting
- 6.4.2.1. Global Ammunition Market, by Sporting, by Region, 2019-2032 (USD Billion)
- 6.4.3. Hunting
- 6.4.3.1. Global Ammunition Market, by Hunting, by Region, 2019-2032 (USD Billion)
- 6.4.4. Self-Defense
- 6.4.4.1. Global Ammunition Market, by Self-Defense, by Region, 2019-2032 (USD Billion)
- 6.4.5. Others
- 6.4.5.1. Global Ammunition Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Ammunition Market, by Component
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 7.3. Fuzes & Primers
- 7.3.1. Global Ammunition Market, by Fuzes & Primers, by Region, 2019-2032 (USD Billion)
- 7.4. Propellants
- 7.4.1. Global Ammunition Market, by Propellants, by Region, 2019-2032 (USD Billion)
- 7.5. Bases
- 7.5.1. Global Ammunition Market, by Bases, by Region, 2019-2032 (USD Billion)
- 7.6. Projectiles and Warheads
- 7.6.1. Global Ammunition Market, by Projectiles and Warheads, by Region, 2019-2032 (USD Billion)
- 7.7. Others
- 7.7.1. Global Other Ammunition Market, by Others, by Region, 2019-2032 (USD Billion)
8. Global Ammunition Market, by Caliber
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 8.3. Small-Caliber Ammunition
- 8.3.1. Global Ammunition Market, by Small-Caliber Ammunition, by Region, 2019-2032 (USD Billion)
- 8.3.2. 9X19 MM Parabellum
- 8.3.2.1. Global Ammunition Market, by 9X19 MM Parabellum, by Region, 2019-2032 (USD Billion)
- 8.3.3. 5.56 MM
- 8.3.3.1. Global Ammunition Market, by 5.56 MM, by Region, 2019-2032 (USD Billion)
- 8.3.4. 7.62 MM
- 8.3.4.1. Global Ammunition Market, by 7.62 MM, by Region, 2019-2032 (USD Billion)
- 8.3.5. 12.7 MM
- 8.3.5.1. Global Ammunition Market, by 12.7 MM, by Region, 2019-2032 (USD Billion)
- 8.3.6. 14.5 MM
- 8.3.6.1. Global Ammunition Market, by 14.5 MM, by Region, 2019-2032 (USD Billion)
- 8.3.7. 338 Lapua Magnum
- 8.3.7.1. Global Ammunition Market, by 338 Lapua Magnum, by Region, 2019-2032 (USD Billion)
- 8.3.8. 338 Norma Magnum
- 8.3.8.1. Global Ammunition Market, by 338 Norma Magnum, by Region, 2019-2032 (USD Billion)
- 8.3.9. Others
- 8.3.9.1. Global Ammunition Market, by Others, by Region, 2019-2032 (USD Billion)
- 8.4. Medium-Caliber Ammunition
- 8.4.1. Global Ammunition Market, by Medium-Caliber Ammunition, by Region, 2019-2032 (USD Billion)
- 8.4.2. 20 MM
- 8.4.2.1. Global Ammunition Market, by 20 MM, by Region, 2019-2032 (USD Billion)
- 8.4.3. 25 MM
- 8.4.3.1. Global Ammunition Market, by 25 MM, by Region, 2019-2032 (USD Billion)
- 8.4.4. 30 MM
- 8.4.4.1. Global Ammunition Market, by 30 MM, by Region, 2019-2032 (USD Billion)
- 8.4.5. 40 MM
- 8.4.5.1. Global Ammunition Market, by 40 MM, by Region, 2019-2032 (USD Billion)
- 8.5. Large-Caliber Ammunition
- 8.5.1. Global Ammunition Market, by Large-Caliber Ammunition, by Region, 2019-2032 (USD Billion)
- 8.5.2. 60 MM
- 8.5.2.1. Global Ammunition Market, by 60 MM, by Region, 2019-2032 (USD Billion)
- 8.5.3. 81 MM
- 8.5.3.1. Global Ammunition Market, by 81 MM, by Region, 2019-2032 (USD Billion)
- 8.5.4. 120 MM
- 8.5.4.1. Global Ammunition Market, by 120 MM, by Region, 2019-2032 (USD Billion)
- 8.5.5. 155 MM
- 8.5.5.1. Global Ammunition Market, by 155 MM, by Region, 2019-2032 (USD Billion)
- 8.6. Others
- 8.6.1. Global Ammunition Market, by Others, by Region, 2019-2032 (USD Billion)
9. Global Ammunition Market, by Guidance Mechanism
- 9.1. Key Findings
- 9.2. Introduction
- 9.2.1. Global Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 9.3. Guided
- 9.3.1. Global Ammunition Market, by Guided, by Region, 2019-2032 (USD Billion)
- 9.4. Non-guided
- 9.4.1. Global Ammunition Market, by Non-guided, by Region, 2019-2032 (USD Billion)
10. Global Ammunition Market, by Lethality
- 10.1. Key Findings
- 10.2. Introduction
- 10.2.1. Global Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 10.3. Lethal
- 10.3.1. Global Ammunition Market, by Lethal, by Region, 2019-2032 (USD Billion)
- 10.4. Less-lethal
- 10.4.1. Global Ammunition Market, by Less-lethal, by Region, 2019-2032 (USD Billion)
11. Global Ammunition Market, by Geography
- 11.1. Key findings
- 11.2. Introduction
- 11.2.1. Ammunition Market Assessment, By Geography, 2019-2032 (USD Billion)
- 11.3. Ammunition Market - North America
- 11.3.1. North America: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.3.2. North America: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.3.3. North America: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.3.4. North America: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.3.5. North America: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.3.6. North America: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.3.7. Ammunition Market - U.S.
- 11.3.7.1. U.S.: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.3.7.2. U.S.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.3.7.3. U.S.: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.3.7.4. U.S.: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.3.7.5. U.S.: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.3.7.6. U.S.: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.3.8. Ammunition Market - Canada
- 11.3.8.1. Canada: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.3.8.2. Canada.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.3.8.3. Canada: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.3.8.4. Canada: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.3.8.5. Canada: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.3.8.6. Canada: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.4. Ammunition Market - Europe
- 11.4.1. Europe: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.4.2. Europe.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.4.3. Europe: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.4.4. Europe: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.4.5. Europe: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.4.6. Europe: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.4.7. Ammunition Market - UK
- 11.4.7.1. UK: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.4.7.2. UK.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.4.7.3. UK: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.4.7.4. UK: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.4.7.5. UK: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.4.7.6. UK: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.4.8. Ammunition Market - France
- 11.4.8.1. France: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.4.8.2. France.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.4.8.3. France: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.4.8.4. France: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.4.8.5. France: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.4.8.6. France: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.4.9. Ammunition Market - Germany
- 11.4.9.1. Germany: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.4.9.2. Germany.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.4.9.3. Germany: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.4.9.4. Germany: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.4.9.5. Germany: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.4.9.6. Germany: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.4.10. Ammunition Market - Italy
- 11.4.10.1. Italy: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.4.10.2. Italy.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.4.10.3. Italy: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.4.10.4. Italy: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.4.10.5. Italy: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.4.10.6. Italy: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.4.11. Ammunition Market - Spain
- 11.4.11.1. Spain: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.4.11.2. Spain.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.4.11.3. Spain: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.4.11.4. Spain: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.4.11.5. Spain: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.4.11.6. Spain: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.4.12. Ammunition Market - Netherlands
- 11.4.12.1. Netherlands: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.4.12.2. Netherlands.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.4.12.3. Netherlands: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.4.12.4. Netherlands: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.4.12.5. Netherlands: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.4.12.6. Netherlands: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.4.13. Ammunition Market - Russia
- 11.4.13.1. Russia: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.4.13.2. Russia.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.4.13.3. Russia: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.4.13.4. Russia: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.4.13.5. Russia: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.4.13.6. Russia: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.5. Ammunition Market - Asia Pacific
- 11.5.1. Asia Pacific: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.5.2. Asia Pacific.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.5.3. Asia Pacific: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.5.4. Asia Pacific: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.5.5. Asia Pacific: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.5.6. Asia Pacific: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.5.7. Ammunition Market - China
- 11.5.7.1. China: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.5.7.2. China.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.5.7.3. China: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.5.7.4. China: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.5.7.5. China: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.5.7.6. China: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.5.8. Ammunition Market - India
- 11.5.8.1. India: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.5.8.2. India.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.5.8.3. India: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.5.8.4. India: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.5.8.5. India: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.5.8.6. India: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.5.9. Ammunition Market - Japan
- 11.5.9.1. Japan: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.5.9.2. Japan.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.5.9.3. Japan: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.5.9.4. Japan: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.5.9.5. Japan: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.5.9.6. Japan: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.5.10. Ammunition Market - Malaysia
- 11.5.10.1. Malaysia: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.5.10.2. Malaysia.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.5.10.3. Malaysia: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.5.10.4. Malaysia: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.5.10.5. Malaysia: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.5.10.6. Malaysia: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.5.11. Ammunition Market - Indonesia
- 11.5.11.1. Indonesia: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.5.11.2. Indonesia.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.5.11.3. Indonesia: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.5.11.4. Indonesia: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.5.11.5. Indonesia: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.5.11.6. Indonesia: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.5.12. Ammunition Market - South Korea
- 11.5.12.1. South Korea: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.5.12.2. South Korea.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.5.12.3. South Korea: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.5.12.4. South Korea: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.5.12.5. South Korea: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.5.12.6. South Korea: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.6. Ammunition Market - Middle East & Africa
- 11.6.1. Middle East & Africa: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.6.2. Middle East & Africa: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.6.3. Middle East & Africa: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.6.4. Middle East & Africa: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.6.5. Middle East & Africa: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.6.6. Middle East & Africa: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.6.7. Ammunition Market - Saudi Arabia
- 11.6.7.1. Saudi Arabia: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.6.7.2. Saudi Arabia.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.6.7.3. Saudi Arabia: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.6.7.4. Saudi Arabia: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.6.7.5. Saudi Arabia: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.6.7.6. Saudi Arabia: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.6.8. Ammunition Market - UAE
- 11.6.8.1. UAE: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.6.8.2. UAE.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.6.8.3. UAE: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.6.8.4. UAE: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.6.8.5. UAE: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.6.8.6. UAE: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.6.9. Ammunition Market - Israel
- 11.6.9.1. Israel: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.6.9.2. Israel.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.6.9.3. Israel: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.6.9.4. Israel: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.6.9.5. Israel: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.6.9.6. Israel: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.6.10. Ammunition Market - South Africa
- 11.6.10.1. South Africa: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.6.10.2. South Africa.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.6.10.3. South Africa: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.6.10.4. South Africa: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.6.10.5. South Africa: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.6.10.6. South Africa: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.7. Ammunition Market - Latin America
- 11.7.1. Latin America: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.7.2. Latin America.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.7.3. Latin America: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.7.4. Latin America: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.7.5. Latin America: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.7.6. Latin America: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.7.7. Ammunition Market - Mexico
- 11.7.7.1. Mexico: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.7.7.2. Mexico.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.7.7.3. Mexico: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.7.7.4. Mexico: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.7.7.5. Mexico: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.7.7.6. Mexico: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.7.8. Ammunition Market - Brazil
- 11.7.8.1. Brazil: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.7.8.2. Brazil.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.7.8.3. Brazil: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.7.8.4. Brazil: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.7.8.5. Brazil: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.7.8.6. Brazil: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
- 11.7.9. Ammunition Market - Argentina
- 11.7.9.1. Argentina: Ammunition Market, by Product, 2019-2032 (USD Billion)
- 11.7.9.2. Argentina.: Ammunition Market, by Caliber, 2019-2032 (USD Billion)
- 11.7.9.3. Argentina: Ammunition Market, by Application, 2019-2032 (USD Billion)
- 11.7.9.4. Argentina: Ammunition Market, by Guidance Mechanism, 2019-2032 (USD Billion)
- 11.7.9.5. Argentina: Ammunition Market, by Component, 2019-2032 (USD Billion)
- 11.7.9.6. Argentina: Ammunition Market, by Lethality, 2019-2032 (USD Billion)
12. Competitive Landscape
- 12.1. Expansion and Acquisition Analysis
- 12.1.1. Expansion
- 12.1.2. Acquisitions
- 12.2. Partnerships/Collaborations/Agreements/Exhibitions
13. Company Profiles
- 13.1. BAE Systems
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Benchmarking
- 13.1.4. Recent Development
- 13.2. CBC Global Ammunition
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Benchmarking
- 13.2.4. Recent Development
- 13.3. Elbit Systems
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Benchmarking
- 13.3.4. Recent Development
- 13.4. General Dynamics Corporation
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Benchmarking
- 13.4.4. Recent Development
- 13.5. Nammo AS
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Benchmarking
- 13.5.4. Recent Development
- 13.6. Nexter KNDS group
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Benchmarking
- 13.6.4. Recent Development
- 13.7. Northrop Grumman Corporation
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Benchmarking
- 13.7.4. Recent Development
- 13.8. Olin Corporation
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Benchmarking
- 13.8.4. Recent Development
- 13.9. Rheinmetall AG
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Benchmarking
- 13.9.4. Recent Development
- 13.10. Ruag Ammotec
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Benchmarking
- 13.10.4. Recent Development
- 13.11. ST Engineering
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Benchmarking
- 13.11.4. Recent Development
- 13.12. Thales Group
- 13.12.1. Company Overview
- 13.12.2. Financial Performance
- 13.12.3. Product Benchmarking
- 13.12.4. Recent Development