DUBLIN--(BUSINESS WIRE)--The "The Global Military Ammunition Market 2017-2027" report has been added to Research and Markets' offering.
Global military ammunition market, is projected grow at a CAGR of 2.21%, to value US$16.6 Billion by 2027
The Global Military Ammunition Market 2017-2027 offers a detailed analysis of the global military ammunition market over the next 10 years, providing market size forecasts, key technological and market trends, and analysis relating to the factors influencing demand for various types of ammunition.
The demand for military ammunition is expected to largely be driven by military modernization plans undertaken by various countries during the forecast period, regional conflicts and instability in many regions, counter terrorist and anti-insurgency operations being led by various militaries.
Rockets, artillery, and small caliber ammunition are expected to account for the top three largest shares of the global military ammunition market over the forecast period; The Rockets and others segment is expected to account for 44.5% of the total market, Artillery ammunition is estimated to account for 22.8% while the Small caliber ammunition segment is estimated to represent a 14% share of the global market. Among the other three segments, Medium Caliber Ammunition is estimated to account for 8.6% of the global market share while Mortar Ammunition and Large Caliber Ammunition are estimated to account for 7.1% and 3.1% of the global market share respectively.
North America represents the largest market, with total spending on military ammunition valued at US$69.3 Billion over the forecast period. The region's ammunition market is projected to grow at a CAGR of 2.86%, to reach US$8 Billion in 2027.
Asia Pacific is expected to account for the second largest market in the region and a global market share of 25.8% over the forecast period. Expenditure in the region is led by countries such as China, India, South Korea, and Australia in addition to smaller economies such as Indonesia, Malaysia, the Philippines, and Thailand which are engaged in operations against extremist groups.
Key Topics Covered:
- Executive Summary
- Global Military Ammunition Market - Overview
- Market Dynamics
- Military Ammunition Market - Segment Analysis
- Regional Review
- Competitive Landscape Analysis
- BAE Systems
- General Dynamics-Ordnance
- Maxam
- Nammo AS
- Nexter Munitions
- Olin Corporation
- Orbital ATK
- Poongsan Corporation
- RUAG Ammotec
- Rheinmetall Defence
- Tactical Systems
For more information about this report visit https://www.researchandmarkets.com/research/ncs952/global_military?w=4
