According to IMARC Group latest report titled “Small and Medium Caliber Ammunition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on small and medium caliber ammunition market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global small and medium caliber ammunition market size reached US$ 10.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.69% during 2024-2032.

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Factors Affecting the Growth of the Small and Medium Caliber Ammunition Industry:

  • Military Modernization Programs:

Military modernization often involves the acquisition of new firearms and weapon systems that require compatible small and medium caliber ammunition. As armed forces are transitioning to more advanced weaponry with enhanced capabilities, there is a need for ammunition that meets the specifications of these modern platforms. Modernization programs involve expanding military capabilities, including increasing the size and readiness of armed forces. This expansion necessitates the procurement of larger quantities of small and medium caliber ammunition to support training exercises, operational deployments, and stockpiling for contingencies.

  • Growing Demand for Personal Defense:

As concerns about personal safety and security are rising, there is an increase in civilian firearm ownership worldwide. Individuals seeking to protect themselves and their families are purchasing firearms, which, in turn, is catalyzing the demand for small and medium caliber ammunition, the primary ammunition types used in personal firearms. Moreover, responsible firearm owners understand the importance of proper training and practice to effectively use their firearms for self-defense. This necessitates the purchase of ammunition for training purposes, including target shooting and proficiency drills, contributing to the overall demand for small and medium caliber ammunition.

  • Technological Advancements:

Innovations in materials science and engineering techniques enable the development of small and medium caliber ammunition with enhanced performance characteristics. This includes improvements in bullet design, propellant composition, and casing materials, resulting in ammunition that offers higher velocity, greater accuracy, and improved terminal ballistics. Technological advancements allow ammunition manufacturers to design projectiles that deliver increased lethality and stopping power, particularly in critical defense and military applications. This includes the development of specialized ammunition variants, such as hollow-point rounds, expanding bullets, and fragmenting projectiles, optimized for maximum effectiveness against human targets while minimizing collateral damage.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • ARSENAL JSCo
  • BAE Systems, Inc.
  • Denel SOC Ltd
  • FN Herstal (Herstal Group)
  • General Dynamics Ordnance and Tactical Systems (General Dynamics Corporation)
  • Rosoboronexport
  • MAXAMCorp Holding, S.L.
  • MESKO S.A.
  • Nammo AS
  • Nexter KNDS Group
  • Northrop Grumman Corporation
  • Poongsan Corporation
  • Rheinmetall Defense
  • RUAG Group
  • ST Engineering (Temasek Holdings Limited)

Small and Medium Caliber Ammunition Market Report Segmentation:

Our report has categorized the market based on region, product, technology, application, and end use.

By Product:

  • 62 x 39 mm
  • 62 x 54 mm
  • 30 x 165 mm
  • 23 x 115 mm
  • 23 x 152 mm
  • 7 x 108 mm
  • 5 x 114 mm
  • Others

7.62 x 39 mm represents the largest segment due to its widespread use in military rifles, including the AK-47, and its popularity among civilian firearm owners for hunting and target shooting purposes.

By Technology:

  • Guided
  • Unguided

Based on the technology, the market has been bifurcated into guided and unguided.

By Application:

  • Non-Lethal
  • Lethal

Lethal exhibits a clear dominance in the market as small and medium caliber ammunition primarily serves military and law enforcement purposes where lethality is paramount for neutralizing threats effectively.

By End Use:

  • Military
  • Law Enforcement
  • Others

The military holds the biggest market share owing to its reliance on small and medium caliber ammunition to support training, operations, and stockpiling for national security purposes.

Regional Insights:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Asia Pacific enjoys the leading position in the small and medium caliber ammunition market on account of rising defense expenditures, territorial disputes, and geopolitical tensions.

Global Small and Medium Caliber Ammunition Market Trends:

There is a growing demand for specialized small and medium caliber ammunition tailored as per specific applications, such as armor-piercing rounds for anti-materiel purposes or frangible bullets for training and close-quarters combat. Ammunition manufacturers are prioritizing environment sustainable practices, including the development of lead-free and recyclable ammunition options to reduce environmental impact and comply with regulatory standards.

Intense competition among ammunition manufacturers is leading to market consolidation and strategic mergers and acquisitions (M&A) aimed at enhancing product portfolios, expanding market presence, and achieving economies of scale.

Key Highlights of the report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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