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Ammunition Market Report

RA03619

Ammunition Market by Product (Centerfire and Rimfire), Application (Defense and Civil & Commercial), Caliber (Small, Medium, Large, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021-2028

RA03619

Pages: 241

Sep 2021

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Ammunition Market

Global Ammunition Market Analysis

The global ammunition market is projected to garner $19,882.4 million in the 2021-2028 timeframe, growing from $15,077.5 million in 2020, at a healthy CAGR of 3.7%.

Market Synopsis

Growing threat of terrorist activities is expected to aid the growth of the ammunition market.

However, the high initial investment required in the ammunition industry is predicted to restrict the market growth.

According to the regional analysis of the market, the Asia-Pacific ammunition market share is anticipated to grow at a CAGR of 4.1%, by generating a revenue of $5,991.8 million during the review period.

Ammunition Overview

The ammunition industry consists of the bullets to be used in the firearms such as machine guns, mortars, artillery guns, pistols, aerial bombs, and others. The market is segmented in by product type, application, and caliber size. The defense forces globally are the largest users of ammunition. The largest manufactures of ammunition include firms such as General Dynamics Corporation, BAE Systems PLC, Northrop Grumman Corporation, and Vista Outdoor Inc.

COVID-19 Impact on Ammunition Market

The Covid-19 impact on ammunition market has been moderate. During the pandemic period, every country across the world has governments turned their focus from counter-terrorism operations to addressing the public health crisis. The shortage of critical components/materials required in the manufacturing and assembly of ammunition due to imposed measures of lockdown has led to a reduction in the production of ammunition which is expected to moderately impact the ammunition market.

However, during this pandemic period, the businesses across the world are experiencing the need for digital management of their operations. The need for implementation of technologies such as industrial internet of things (IIOT) that will enable real-time monitoring of manufacturing process of ammunition and virtual control of production is expected to have a positive impact on the market growth as well as desirable impact on the ammunition market share in the pandemic period.

Increasing Threats from Terrorist Activities are Expected to Surge the Ammunition Market Growth

The increasing threat of terrorist activities is expected to aid the global ammunition market growth in the forecast period. As per the "Global Terrorism Index” report 2020, published by the "Institute for Economics and Peace”, a global think tank headquartered in Sydney, Australia, the total number of deaths from terrorism in 2019, were around 13,826 globally and the global economic impact of terrorism was estimated to be $26.4 billion in 2019. The data mentioned above reflects the adverse impact of terrorism on the global population and the economy, aiding the need for implementation of ammunition measures across the world. These factors are expected to aid the growth of global ammunition market trends in the forecast period.

To know more about global ammunition market insight and drivers, get in touch with our analysts here.

The High Regulatory Restrictions in Ammunition Industry can Hamper the Market Growth.

The high regulatory restrictions in the production of ammunition from procurement of raw material such as the metal to be used, propellant, and other components to licensing at every stage from designing to final production and ensuring of security checks in the area of production are anticipated to hinder the market growth. In addition of these, the lack of defense infrastructure in the underdeveloped countries can restrict the expansion of the market.

The Development of Light Weight Ammunition is Expected to Create Massive Opportunities for The Market

The development and utilization of lightweight ammunition reduce the weight of the bullets without compromising on the performance and accuracy, these developments are expected to positively impact the market. The military modernization programs for upgradation of the armed forces and law enforcement organizations such as state police are anticipated to open new scope of opportunities in the forecast period. In recent developments, for instance, in September 2021, Saab AB, a Swedish aerospace and defense company, secured a nearly Skr900m ($104.7m) order to deliver Carl-Gustaf M4 recoilless rifle and related ammunition. The lightweight multi-role system can be equipped with intelligent sighting systems, as well as future technology developments such as programmable ammunition. These developments are expected to positively impact the market growth in the forecast period.

To know more about global ammunition market trends, get in touch with our analysts here

Ammunition Market
By Product

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Based on product, the market has been divided in to centerfire and rimfire. Among these, the centerfire sub-segment is anticipated to generate the maximum revenue and rimfire sub-segment is expected to show the fastest growth.

Source: Research Dive Analysis

The centerfire sub-segment is predicted to have a dominating share in the global market and register a revenue of $12,738.6 million in 2028, growing from $9,797.8 in 2020 during the forecast period.
The centerfire ammunition is more utilized in the rifles, shotguns, and handguns as compared to the rimfire; the main advantage of centerfire is that it comes in larger, more powerful cartridges. Along with this, the centerfire bullets are reloadable and can be reused

These factors are expected to positively impact the growth of centerfire sub-segment.

The rimfire sub-segment is anticipated to have the fastest market growth and generate a revenue of $7,143.8 million by 2028, growing from $5,279.7 million in 2020, at a healthy CAGR of 4.1% in the forecast period. The cost of manufacturing of the rimfire ammunition is low as compared to the centerfire ammunition. In addition to this, the rimfire ammunition produces low noise and is lighter as compared to centerfire ammunition. They also have a limited recoil that makes them better for beginners. These factors are expected to aid the growth of this sub-segment

Ammunition Market
By Application

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Based on application, the market has been divided into Defense and civil & commercial. The Defense sub-segment is anticipated to generate the maximum revenue and civil & commercial sub-segment is expected to show the fastest growth

Source: Research Dive Analysis

The defense sub-segment is estimated to have a dominating market share in the global market and register a revenue of $13,569.2 million during the forecast period. 
The increasing threat of terrorist activities is expected to aid the global ammunition market growth in the forecast period. The modernization programs in the defense forces across the world for strengthening the armed forces to deal with border issues with the nations, counter terrorism operations, and others are expected to drive the sub-segment’s growth. For instance, in March 2021, the Us government awarded a $50 million contract to Tennessee, United States based Barrett Firearms Manufacturing Inc., to arm snipers with the multi-caliber sniper rifle preferred by special operations forces. In the five-years contract, 2,800 MK22 Multi-role Adaptive Design, or MRAD, sniper rifles will be provided for 338 Norma Magnum, .300 Norma Magnum and 7.62x51 NATO ammunition. Developments like these are expected to positively impact the growth of defense sub-segment.

The civil & commercial sub-segment is anticipated to have the fastest market growth and generate a revenue of $ 6,313.2 million by 2028, growing from $4,546.6 million in 2020, at a healthy CAGR of 4.4% in the forecast period. 
The utilization of ammunition in the commercial sector such as sports like shooting and in private corporations for protection purposes is expected to aid the growth of civil & commercial sub-segment. In the recent developments, in July 2021, Vista Outdoor, the leading U.S. manufacturer of ammunition, did an announcement to launch ammunition subscriptions, as Americans are buying guns and ammunition for driving sales and profits. These factors are expected to aid the growth of civil & commercial sub-segment.

Ammunition Market
By Caliber

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Based on caliber, the market has been sub-segmented in to Small, medium, large, and others. Among the mentioned sub-segments, the Small sub-segment is estimated to show a dominant share as well as the fastest growth.

Source: Research Dive Analysis

The small sub-segment is anticipated to be the dominating as well as fastest growing sub-segment in the global market and surpass $7,821.4 million by 2028, with an increase from $5,654.8 million in 2020. The diverse application of small caliber ammunition in shotgun pistols, assault rifles, rifles, and revolvers by military and homeland security personnel globally, due to less lethality of this ammunition for countering armed conflicts, is expected to aid the growth of small caliber ammunition in the forecast period.

Ammunition Market
By Region

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The ammunition market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Source: Research Dive Analysis

The Market for Ammunition in North America to be the Most Dominant

The share of North- America ammunition market is estimated to grow at a CAGR of 3.5%, by registering a revenue of $7,114.8 million by 2028. The North American region is the hub of most developed and established framework of security in the commercial and public sectors. The major countries in the North America region such as the USA and Canada are having a high expenditure for the internal security of their countries. For instance, in the United States of America, the US security expenditure reached to an estimated $778 billion in 2020, highest in the world as per the "Stockholm International Peace Research Institute” (SIPRI), an independent international organization for research into conflict, armaments, and disarmament., headquartered in Stockholm, Sweden. These factors are expected to aid the growth of the ammunition market in the North America region.

The Market for Ammunition in Asia-Pacific to be the Fastest Growing

The Asia-Pacific ammunition market generated $4,405.7 million in 2020 and is projected to register a revenue of $ 5,991.8 million by 2028. The growing military expenditure by the major countries in the region for upgradation of their armed forces is expected to increase the demand of ammunition market in the Asia-Pacific region. As per the "Stockholm International Peace Research Institute (SIPRI)", an independent international organization for research into conflict, armaments, and disarmament, countries such as China ($252 billion), India ($72.9 billion), Japan ($49.1 billion), South Korea ($45.7 billion), and Australia ($27.5 billion) have increased their military expenditure in 2020. These factors are promoting the growth of the ammunition market in the Asia-Pacific region.

Competitive Scenario in the Global Ammunition Market

Agreement and acquisitions are common strategies followed by major market players.
 

Competitive Scenario in the Global Ammunition Market

Source: Research Dive Analysis

Some of the leading ammunition market players are General Dynamics Corporation, BAE Systems., Thales Group, Elbit Systems Ltd., Sierra Bullets, Hornady Manufacturing, Nexter KNDS group, Rheinmetall AG, Vista Outdoor Inc, and Ammo, Inc.

Porter’s Five Forces Analysis for the Global Ammunition Market:

  • Bargaining Power of Suppliers: The suppliers in the ammunition market industry are moderate in number. Several companies are working on new methodologies such as precision guided ammunition to gain the major market share. Thus, there is moderate threat from the suppliers. 
    Thus, the bargaining power of suppliers is moderate.
  • Bargaining Power of Buyers: Buyers have high bargaining power; they demand services at a cost-effective manner. This increases the pressure on the ammunition providers to offer the best service in a cost-effective way. Thus, buyers can have alternatives choose the convenient service that best fits their preference. 
    Thus, the bargaining power of buyers is high.
  • Threat of New Entrants: Companies entering the ammunition market have to follow strict regulatory and security guidelines. The initial investment in the ammunition is high and technology is costly 
    Thus, the threat of the new entrants is low.
  • Threat of Substitutes: There is no alternative product for ammunition. 
    Thus, the threat of substitutes is low.
  • Competitive Rivalry in the Market: The competitive rivalry among industry leaders is rather intense, especially between the global players including Sierra Bullets and Hornady Manufacturing. Companies in the ammunition industry do acquisitions to gain major market share. 
    Therefore, competitive rivalry in the market is high.

Aspect

Particulars

  Historical Market Estimations

  2019-2020

  Base Year for Market Estimation

  2020

  Forecast Timeline for Market Projection

  2021-2028

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Product

  • Centrefire
  • Rimfire

  Segmentation by Application

  • Defense
  • Civil & Commercial

  Segmentation by Caliber

  • Small
  • Medium
  • Large
  • Others

  Key Companies Profiled

  • General Dynamics Corporation
  • BAE Systems.
  • Thales Group
  • Elbit Systems Ltd.
  • Sierra Bullets
  • Hornady Manufacturing
  • Nexter KNDS group
  • Rheinmetall AG
  • Vista Outdoor Inc
  • Ammo, Inc.

 


    Frequently Asked Questions
     

    A. The ammunition market is growing at CAGR of 3.7%

    A. The size of the global ammunition market size was over $15,077.5 million in 2020 and is projected to reach $19,882.4million by 2028.

    A. The growing military expenditure and surge in utilization in commercial sector such as sports is expected to drive the ammunition market

    A. The ammunition market size is anticipated to grow at a CAGR 3.7% during the forecast period. The value of the market in 2028 is anticipated to be $19,882.4 million.

    1.Research Methodology

    1.1.Desk Research
    1.2.Real time insights and validation
    1.3.Forecast model
    1.4.Assumptions and forecast parameters

    1.4.1.Assumptions
    1.4.2.Forecast parameters

    1.5.Data sources

    1.5.1.Primary
    1.5.2.Secondary

    2.Executive Summary

    2.1.360° summary
    2.2.Product trends
    2.3.Application trends
    2.4.Caliber trends

    3.Market overview

    3.1.Market segmentation & definitions
    3.2.Key takeaways

    3.2.1.Top investment pockets
    3.2.2.Top winning strategies

    3.3.Porter’s five forces analysis

    3.3.1.Bargaining power of consumers
    3.3.2.Bargaining power of suppliers
    3.3.3.Threat of new entrants
    3.3.4.Threat of substitutes
    3.3.5.Competitive rivalry in the market

    3.4.Market dynamics

    3.4.1.Drivers
    3.4.2.Restraints
    3.4.3.Opportunities

    3.5.Application landscape
    3.6.Regulatory landscape
    3.7.Patent landscape
    3.8.Market value chain analysis

    3.8.1.Stress point analysis
    3.8.2.Raw material analysis
    3.8.3.Manufacturing process
    3.8.4.Distribution channel analysis
    3.8.5.Operating vendors

    3.8.5.1.Raw material suppliers
    3.8.5.2.Product manufacturers
    3.8.5.3.Product distributors

    3.9.Strategic overview

    4.Ammunition Market, by Product

    4.1.Centrefire

    4.1.1.Market size and forecast, by region, 2021-2028
    4.1.2.Comparative market share analysis, 2021-2028

    4.2.Rimfire

    4.2.1.Market size and forecast, by region, 2021-2028
    4.2.2.Comparative market share analysis, 2021-2028

    5.Ammunition Market, by Application

    5.1.Defense

    5.1.1.Market size and forecast, by region, 2021-2028
    5.1.2.Comparative market share analysis, 2021-2028

    5.2.Civil & Commercial

    5.2.1.Market size and forecast, by region, 2021-2028
    5.2.2.Comparative market share analysis, 2021-2028

    6.Ammunition Market, by Caliber

    6.1.Small  

    6.1.1.Market size and forecast, by region, 2021-2028
    6.1.2.Comparative market share analysis, 2021-2028

    6.2.Medium

    6.2.1.Market size and forecast, by region, 2021-2028
    6.2.2.Comparative market share analysis, 2021-2028

    6.3.Large

    6.3.1.Market size and forecast, by region, 2021-2028
    6.3.2.Comparative market share analysis, 2021-2028

    6.4.Others

    6.4.1.Market size and forecast, by region, 2021-2028
    6.4.2.Comparative market share analysis, 2021-2028

    7.Ammunition Market, by region

    7.1.North Region

    7.1.1.Market size and forecast, by Product, 2021-2028
    7.1.2.Market size and forecast, by Application, 2021-2028
    7.1.3.Market size and forecast, by Caliber, 2021-2028
    7.1.4.Market size and forecast, by country, 2021-2028
    7.1.5.Comparative market share analysis, 2021-2028

    7.1.6.U.S

    7.1.6.1.Market size and forecast, by Product, 2021-2028
    7.1.6.2.Market size and forecast, by Application, 2021-2028
    7.1.6.3.Market size and forecast, by Caliber, 2021-2028

    7.1.7.Canada

    7.1.7.1.Market size and forecast, by Product, 2021-2028
    7.1.7.2.Market size and forecast, by Application, 2021-2028
    7.1.7.3.Market size and forecast, by Caliber, 2021-2028 

    7.1.8.Mexico

    7.1.8.1.Market size and forecast, by Product, 2021-2028
    7.1.8.2.Market size and forecast, by Application, 2021-2028
    7.1.8.3.Market size and forecast, by Caliber, 2021-2028

    7.2.Europe

    7.2.1.Market size and forecast, by Product, 2021-2028
    7.2.2.Market size and forecast, by Application, 2021-2028
    7.2.3.Market size and forecast, by Caliber, 2021-2028
    7.2.4.Market size and forecast, by country, 2021-2028
    7.2.5.Comparative market share analysis, 2021-2028

    7.2.6.UK

    7.2.6.1.Market size and forecast, by Product, 2021-2028
    7.2.6.2.Market size and forecast, by Application, 2021-2028
    7.2.6.3.Market size and forecast, by Caliber, 2021-2028

    7.2.7.Germany

    7.2.7.1.Market size and forecast, by Product, 2021-2028
    7.2.7.2.Market size and forecast, by Application, 2021-2028
    7.2.7.3.Market size and forecast, by Caliber, 2021-2028

    7.2.8.France

    7.2.8.1.Market size and forecast, by Product, 2021-2028
    7.2.8.2.Market size and forecast, by Application, 2021-2028
    7.2.8.3.Market size and forecast, by Caliber, 2021-2028

    7.2.9.Spain

    7.2.9.1.Market size and forecast, by Product, 2021-2028
    7.2.9.2.Market size and forecast, by Application, 2021-2028
    7.2.9.3.Market size and forecast, by Caliber, 2021-2028

    7.2.10.Italy

    7.2.10.1.Market size and forecast, by Product, 2021-2028
    7.2.10.2.Market size and forecast, by Application, 2021-2028
    7.2.10.3.Market size and forecast, by Caliber, 2021-2028

    7.2.11.Rest of Europe

    7.2.11.1.Market size and forecast, by Product, 2021-2028
    7.2.11.2.Market size and forecast, by Application, 2021-2028
    7.2.11.3.Market size and forecast, by Caliber, 2021-2028

    7.3.Asia-Pacific

    7.3.1.Market size and forecast, by Product, 2021-2028
    7.3.2.Market size and forecast, by Application, 2021-2028
    7.3.3.Market size and forecast, by End- User, 2021-2028
    7.3.4.Market size and forecast, by Country, 2021-2028
    7.3.5.Comparative market share analysis, 2021-2028

    7.3.6.China

    7.3.6.1.Market size and forecast, by Product, 2021-2028
    7.3.6.2.Market size and forecast, by Application, 2021-2028
    7.3.6.3.Market size and forecast, by End- User, 2021-2028

    7.3.7.India

    7.3.7.1.Market size and forecast, by Product, 2021-2028
    7.3.7.2.Market size and forecast, by Application, 2021-2028
    7.3.7.3.Market size and forecast, by End- User, 2021-2028

    7.3.8.Japan

    7.3.8.1.Market size and forecast, by Product, 2021-2028
    7.3.8.2.Market size and forecast, by Application, 2021-2028
    7.3.8.3.Market size and forecast, by End- User, 2021-2028

    7.3.9.South Korea

    7.3.9.1.Market size and forecast, by Product, 2021-2028
    7.3.9.2.Market size and forecast, by Application, 2021-2028
    7.3.9.3.Market size and forecast, by End- User, 2021-2028

    7.3.10.Australia

    7.3.10.1.Market size and forecast, by Product, 2021-2028
    7.3.10.2.Market size and forecast, by Application, 2021-2028
    7.3.10.3.Market size and forecast, by End- User, 2021-2028

    7.3.11.Rest of Asia-Pacific

    7.3.11.1.Market size and forecast, by Product, 2021-2028
    7.3.11.2.Market size and forecast, by Application, 2021-2028
    7.3.11.3.Market size and forecast, by End- User, 2021-2028

    7.4.LAMEA

    7.4.1.Market size and forecast, by Product, 2021-2028
    7.4.2.Market size and forecast, by Product, 2021-2028
    7.4.3.Market size and forecast, by Caliber, 2021-2028
    7.4.4.Market size and forecast, by Country, 2021-2028
    7.4.5.Comparative market share analysis, 2021-2028

    7.4.6.Latin America

    7.4.6.1.Market size and forecast, by Product, 2021-2028
    7.4.6.2.Market size and forecast, by Application, 2021-2028
    7.4.6.3.Market size and forecast, by Caliber, 2021-2028

    7.4.7.Middle East

    7.4.7.1.Market size and forecast, by Product, 2021-2028
    7.4.7.2.Market size and forecast, by Application, 2021-2028
    7.4.7.3.Market size and forecast, by Caliber, 2021-2028

    7.4.8.Africa

    7.4.8.1.Market size and forecast, by Product, 2021-2028
    7.4.8.2.Market size and forecast, by Application, 2021-2028
    7.4.8.3.Market size and forecast, by Caliber, 2021-2028

    8.Company profiles

    8.1.General Dynamics Corporation

    8.1.1.Business overview
    8.1.2.Financial performance
    8.1.3.Operating Segments
    8.1.4.Recent strategic moves & developments
    8.1.5.SWOT analysis

    8.2.BAE Systems.

    8.2.1.Business overview
    8.2.2.Financial performance
    8.2.3.Operating Segments
    8.2.4.Recent strategic moves & developments
    8.2.5.SWOT analysis

    8.3.Thales Group

    8.3.1.Business overview
    8.3.2.Financial performance
    8.3.3.Operating Segments
    8.3.4.Recent strategic moves & developments
    8.3.5.SWOT analysis

    8.4.Elbit Systems Ltd.

    8.4.1.Business overview
    8.4.2.Financial performance
    8.4.3.Operating Segments
    8.4.4.Recent strategic moves & developments
    8.4.5.SWOT analysis

    8.5.Sierra Bullets

    8.5.1.Business overview
    8.5.2.Financial performance
    8.5.3.Operating Segments
    8.5.4.Recent strategic moves & developments
    8.5.5.SWOT analysis

    8.6.Hornady Manufacturing

    8.6.1.Business overview
    8.6.2.Financial performance
    8.6.3.Operating Segments
    8.6.4.Recent strategic moves & developments
    8.6.5.SWOT analysis

    8.7.Nexter KNDS group

    8.7.1.Business overview
    8.7.2.Financial performance
    8.7.3.Operating Segments
    8.7.4.Recent strategic moves & developments
    8.7.5.SWOT analysis

    8.8.Rheinmetall AG

    8.8.1.Business overview
    8.8.2.Financial performance
    8.8.3.Operating Segments
    8.8.4.Recent strategic moves & developments
    8.8.5.SWOT analysis

    8.9.Vista Outdoor Inc

    8.9.1.Business overview
    8.9.2.Financial performance
    8.9.3.Operating Segments
    8.9.4.Recent strategic moves & developments
    8.9.5.SWOT analysis

    8.10.Ammo, Inc.

    8.10.1.Business overview
    8.10.2.Financial performance
    8.10.3.Operating Segments
    8.10.4.Recent strategic moves & developments
    8.10.5.SWOT analysis

    Ammunition is the material used in weapon systems to fire, drop, or detonate on the enemy troop. Ammunition include expendable weapons such as missiles, landmines, and bombs and components of weapons such as bullets. Ammunition is essential for any mechanical weapon.

    One interesting fact about ammunition is that it is commonly labeled or colored in a specific manner so that it becomes easy to identify and prevent the usage of wrong type ammunition accidentally.

    Growth Trends of the Ammunition Market

    The global terrorism Index report of 2020 reveals that in 2019, there were around 13,826 global deaths from terrorism. The rising terrorist attacks and threats across the world has increased the demand of ammunition in recent years. Terrorism had adverse impact on global population as well as economy increasing the need of ammunition across the world. These are the factors augmenting the growth of the global ammunition market in upcoming years.

    Recent Developments of the Ammunition Market

    According to a report published by Research Dive, the topmost players of the global ammunition market include Nexter KNDS group, General Dynamics Corporation, BAE Systems., Hornady Manufacturing, Elbit Systems Ltd., Sierra Bullets, Thales Group, Vista Outdoor Inc, Rheinmetall AG, and Ammo, Inc.

    These industry players are investing a lot of efforts on the research and development of smart and unique strategies to sustain the growth of the market. These strategies include product launches, mergers and acquisitions, collaborations, partnerships, and refurbishing of existing technology. Some of the recent developments of the market are as follows:

    • In April 2018, General Dynamics Corporation, US based aerospace company, completed its acquisition of CSRA Inc., a world leader in defense IT solution provider. The combined strength of CSRA and GDIT is providing innovative, competitive and captivating solutions to their customers.
       
    • In August 2020, BAE Systems, a British aerospace company, completed its acquisition of the Collins Aerospace Military Global Positioning System (GPS) business.

    It was a $1.925bn deal and was closed almost six months post BAE Systems’ definitive agreement with Raytheon Technologies, an American defense and aerospace collaborative, to acquire the GPS business.

    The acquisition is aimed at strengthening the portfolio of BAE Electronic Systems with the accumulation of GPS anti-jamming and anti-spoofing technology which are appropriate for military missions.

    • In September 2021, Nexter Munitions, a French ammunition manufacturer, demonstrates its newly designed 120 SHARD® ammunition. This is a high-performance product. SHARD® is the next generation of APFSDS (Armor-Piercing Fin Stabilized Discarding Sabot) 120mm anti-tank ammunition, which is attuned with all contemporary battle tanks armed with NATO standard 120mm smoothbore guns.
       
    • In November 19, 2019, AMMO, Inc., a leading premier manufacturer of American ammunition and munition mechanisms and technology, announced the effective launch of its patented ammunition manufacturing line of Hard Armor Piercing Incendiary (HAPI) and Armor Piercing (AP).

    COVID-19 Impact Analysis on the Market

    The global ammunition market has been impacted in a moderate way during the coronavirus pandemic. The public health crisis reduced terrorist threats and attacks in countries. Governments started to focus on the health infrastructure and providing best facilities to their citizens. Because of the restrictions and lockdowns, the raw materials could not be transferred from one place to another. During the pandemic, most of the manufacturing companies continued their operations through digital communication systems. In post pandemic period, companies are expected to implement and use more of the emerging technologies to make the ammunition production efficient and smoother.

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