Global Large Caliber Ammunition Market Size to Reach USD 499.48 Million in 2032 | Emergen Research
Rising conflicts among neighboring countries, as well as increasing investments by prominent market players, are driving large caliber ammunition market revenue growth
Vancouver, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The global large caliber ammunition market size was USD 369 Million in 2020 and is expected to register a CAGR of 2.5% over the forecast period. Increasing demand for defense equipment as a result of rising geopolitical tensions and increasing participation of private industry entities are some key factors driving global large caliber ammunition market revenue growth.
Increasing incidents of domestic and international armed conflicts have prompted several countries to upgrade their military capabilities by purchasing modern ammunition and equipment. Most developing economies around the world, including Russia, China, and India, are currently modernizing their armed forces, and as a result, global defense spending on ammunition procurement and Research & Development (R&D) has increased dramatically in recent years. These countries are extensively spending on military modernization programs to strengthen their surveillance and firepower assets in terms of range, precision, mobility, and lethality, with range and precision being the most important criteria for ammunition procurement. Demand for large caliber ammunition and guns is increasing due to such upgrading operations, and moreover, large caliber ammunition consumption is increasing as a result of growing training expenditure in major and emerging economies.
Different economic, legal, and political frameworks exist in different countries, resulting in different rules for weaponry, ammunition, and other fighting equipment. For public safety, there are strict regulations on manufacture, transfer, and possession of particular ammunition, as well as serialization of ammunition, which aid law enforcement agencies in investigating gun-related crimes. Leading competitors in large caliber ammunition business, including General Dynamics, Rheinmetall AG, and BAE Systems, are affected by these variables. Compliance failures can damage sales, revenue, and profit margins, and may even draw administrative and criminal actions, for which market players are expected to completely comply with the rules and regulations of their home countries as well as those of foreign governments.
*Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ **https://www.emergenresearch.com/request-sample/974*
The global large caliber ammunition market size is expected to reach USD 499.48 Million in 2032, at a revenue CAGR of 2.5%. Changing nature of warfare, militarization of police forces, increasing drug trafficking and terrorist activities, and modernization of armed forces are the major factors driving revenue growth of the large caliber ammunition market.
COVID-19 pandemic is expected to have a minor impact on the global large caliber ammunition market. Many countries have decided to reduce their overall defense budgets during the pandemic, especially countries in Latin America and Africa. On the other hand, countries such as the United States, China, and some European countries have increased their planned defense spending during this time. Moreover, procurement delays are expected to be temporary, while drastic fluctuations in demand due to the pandemic are not expected to occur with improvement in the situation and lifting of lockdowns across the world.
Introduction of the M134 GAU-17 "Vulcan" cannon has driven revenue growth of the large caliber ammunition market. M134 GAU-17 "Vulcan" cannon is a six-barreled, air-cooled medium machine gun primarily used by the U.S. military as an aircraft fire suppression weapon. The "Gatling" design powers the barrels with electric motors, allowing for a firing rate of up to 6,000 rounds per minute. It is used in the "door gunner" position in a variety of rotor-wing aircraft, including riverine craft and special operations watercraft used by the U.S. Navy.
*Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ **https://www.emergenresearch.com/request-discount/974*
*Scope of Research *
*Report Details* *Outcome*
Market Size in 2020 USD 369 Million
CAGR (2023–2032) 2.5%
Size forecast to 2032 USD 499.48 Million
Base year for estimation 2020
Historical data 2018–2019
Forecast period 2023–2032
Quantitative units Revenue in USD Million and CAGR in % from 2023 to 2032
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends.
Segments covered Product type, application, distribution channel, and region.
Regional scope North America; Europe; Asia-Pacific; Latin America; Middle East & Africa.
Country scope U.S., Canada, Mexico, Germany, U.K., France, BENELUX, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, Israel, Rest of MEA.
Key companies profiled BAE Systems PLC, Diehl Stiftung & Co. KG, Nexter Group, Northrop Grumman Corporation, Rheinmetall AG, RUAG AG, Saab AB, Denel Land Systems, General Dynamics Ordnance and Tactical Systems, Nammo AS.
Customization scope 10 hours of free customization and expert consultation.
*Major Companies and Competitive Landscape *
The global large caliber ammunition market is consolidated with few large, small, and medium-sized players accounting for majority revenue share. Established companies are engaged in various research & development activities and initiatives to develop and deploy new and more efficient products in the global large caliber ammunition market. Some prominent players operating in the global market are:
· BAE Systems PLC
· Diehl Stiftung & Co. KG
· Nexter Group
· Northrop Grumman Corporation
· Rheinmetall AG
· RUAG AG
· Saab AB
· Denel Land Systems
· General Dynamics Ordnance and Tactical Systems
· Nammo AS
*Strategic Development*
In September 2021, the U. S. Marine Corps authorized a USD 27.8 million order to BAE Systems to construct and equip Marine Amphibious Combat Vehicle (ACV) with 30-millimeter cannons to improve amphibious assault. The 30-millimeter gun is capable of taking out enemy light armored vehicles, bunkers, helicopters, and fixed-wing aircraft.
*Direct Order Can Be Placed Through This Link [Exclusive Copy] @ **https://www.emergenresearch.com/select-license/974*
*Some Key Highlights From the Report*
· The naval ammunition segment is expected to account for a significantly large revenue share during the forecast period, due to increasing product demand, as naval ammunition is economically viable, aids in shore bombardment during amphibious landings, and provides good capability against surface craft at the close range.
· Naval gun segment revenue is expected to register a significantly steady growth rate during the forecast period. This type of gun has a large number of rounds available, and it has the ability engage close-range targets. The main advantage is that these guns cannot be shot down by the defense systems of enemy vessels. Although electronic jamming, flares, chaff, and other decoys launched by the target can cause missiles to be misled, naval guns can hit a target even in the densest electronic warfare environment, as there is nothing on them that can be jammed. These advantages are driving their deployment and thus, boosting revenue growth of this segment.
· The distributor segment is gaining more popularity, as this distribution channel assists in addressing customer-facing centers stocked with high-quality goods, backed by their guarantee of delivery in the area. Furthermore, necessary warehouse space is available for storage and quick and immediate delivery to nearby customers. It also assists production companies in lowering costs and improving core competencies by taking products and selling them to various retailers. These benefits or advantages are expected to play a major role in revenue growth of this segment.
*Browse Full Report Description + Research Methodology + Table of Content + Infographics@ **https://www.emergenresearch.com/industry-report/large-caliber-ammunition-market*
*Emergen Research has segmented the global large caliber ammunition market on the basis of product type, application, distribution channel, and region: *
· *Product Type Outlook (Revenue, USD Million; 2019–2032)*
· Artillery Ammunition
· Tank Ammunition
· Mortar Ammunition
· Naval Ammunition
· *Application (Revenue, USD Million; 2019–2032)*
· Rocket-Propelled Grenade
· Tank
· Naval Gun
· *Distribution Outlook (Revenue, USD Million; 2019–2032)*
· Direct Sales
· Distributor
· *Regional Outlook (Revenue, USD Million; 2019–2032)*
· North America
1. U.S.
2. Canada
3. Mexico
· Europe
1. Germany
2. U.K.
3. France
4. BENELUX
5. Rest of Europe
· Asia-Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
· Latin America
1. Brazil
2. Rest of LATAM
· Middle East & Africa
1. Saudi Arabia
2. UAE
3. Israel
4. Rest of MEA
*Curated Reports You Shouldn't Miss: Dive In Now!*
Industrial Control Systems Security Market, By Security Type (Network, Application, Database, Endpoint), By Service (Incident Response Services, Support and Maintenance, Managed Security Services), By Solution and By Region Forecast to 2030
Sports Guns Market By Type (Pistols, Revolvers, Rifles, Machine Guns, Shotguns, Carbines, Others), By Application (Training & Demonstration, Recreational Sports), By Distribution Channel (Gun Stores, Sport Goods Stores, Online, Others), By Materials (Steel, Polymers) and Regions Forecasts to 2027
Green Construction Market By Product (Exterior Products, Interior Products, Solar Products, Building Systems, Others), By Application (Residential Buildings, Non-Residential Buildings, Others), and By Region, Forecasts to 2027
Electric Commercial Vehicle Market, By Vehicle Type (Electric Bus, Electric Truck), By Battery Type (Lithium-Iron-Phosphate), By Propulsion Type, (Battery Electric Vehicle) By Component, By Range, and By Region Forecast to 2030
Road Safety Market By Solutions (Incident Detection & Response, Red Light & Speed Enforcement, ANPR/ALPR), By Services (Managed Services, Professional Services), Forecasts to 2027
Industrial Packaging Market, By Product Type (Drums, IBC, Sacks), By Technology (Injection Molding, Extrusion, Others), By Application (Chemical, Pharmaceutical, Food & Beverage, Building & Construction), By Material, and By Region Forecast to 2030
Dewatering Equipment Market By Product Type (Sludge Dewatering Equipment, Plastic Dewatering Equipment, Paper Dewatering Equipment), By Technology (Belt Presses, Centrifuges, Drying Beds, Filter Presses, Vacuum Filters, Sludge Lagoons), By Application (Industrial [Refineries, Mining, Chemical, Petroleum, Pharmaceutical, Food & Beverage, Textile], Municipal [Commercial, Residential]), and By Region Forecast to 2027
FRP Vessels Market By Fiber Type (Carbon, Glass, Aramid), By Resin (Polyester, Epoxy, Polyurethane), By Distribution Channel (Online, Offline), By Industry Vertical (Automotive & Transportation, Chemicals, Oil & Gas, Water & Wastewater), and By Region Forecast to 2027
*About Emergen Research*
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
*Contact Us:*
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
*Direct Line:* +1 (604) 757-9756
*E-mail:* sales@emergenresearch.com
*Explore Our Japanese Version:* Large Caliber Ammunition Market
*Explore Our Blogs and Insights Section:* https://www.emergenresearch.com/insights
*Read our Press Release @ *https://www.emergenresearch.com/press-release/global-large-caliber-ammunition-market