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2021
Large Caliber Ammunition Market

Large Caliber Ammunition Market by Product Type (Artillery ammunition (155mm, 105mm, others), Tank ammunition (120mm, 105mm, others), Mortar ammunition (60mm, 81mm, 120mm, others), and Naval ammunition (57mm, 76mm, 127mm)), by Distribution Channel (Direct Sales and Distributer), and by Application (Rocket-Propelled Grenade, Tank, and Naval Gun): Global Opportunity Analysis and Industry Forecast, 2020–2027

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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Large Caliber Ammunition Market Outlook -2027

A bullet or shell is a projectile fired from a gun's muzzle; it is always a bullet, whether it is released from a Rifle's muzzle using different ammunition, or from a Rapid-Fire Gun's muzzle using fixed, cartridge-case ammunition. The bullets are called major-caliber bullets for weapons of and above 7 inches in caliber. Many companies have introduced a variety of large-caliber ammunition with various specifications such as target practice tracer, high explosive dual purpose, armor-piercing dual purpose with self-destruction, and anti-personnel tracer, among others. These large-caliber ammunition rounds have several applications in the military industry, depending on the projectile types according to their requirements.

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast units

Value (USD)

Segments covered

Product type, distribution channel, and application

Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and The Middle East and Africa

Companies covered

Ruag Ammotech, BAE Systems, Denel, General Dynamics Corporation, Global Ordnance, Hornady Manufacturing, Magtech, Rheinmetall AG, Nexter Grou, Northcorp Grumann Corporation, Diehl Stiftung & Co., and Nammo AS.

COVID-19 Scenario Analysis:

  • Even while the world is tackling COVID- 19 pandemic, still all the military procurement and maintenance and manufacturing related to the defense sector is continuing in almost every country, because national safety is foremost important and safeguarding soldiers is a prime requirement.
  • Key spenders such as U.S. and Russia delegate a large amount, approximately 4% of their GDP to defense budget. The de-prioritization of defense spending would depend on a variety of other economic and social factors.
  • Major powers like the U.S. have already halted all troop movement, missions, and exercises. Cessing or reducing military exercises would reduce the engagement time, informal testing, and evaluation of equipment and reduce the latent market development potential.
  • Global ammunition manufacturers will still expect some difficulties in their supply chain, as many distributors and suppliers are likely to face their own operational or financial challenges during such a nationwide lockdown.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Increasing incidences of armed intrastate and regional conflicts across the globe have resulted in various countries procuring advanced weapons and equipment to improve their military strength. Countries invest heavily in military modernization projects to strengthen and upgrade their surveillance & fighting capabilities and improve their weaponry assets in terms of range, accuracy, agility, and lethality, with range and accuracy being the key requirements for the procurement of ammunition. Legal, and political systems are diverse worldwide, which effect various procurement deals. Consequently, weapons, ammunition, and other war equipment regulations often differ from country to country. The spread of illegally produced munitions is a key issue that threatens the safety of different countries around the world. The movement of weapons across borders is the product of inadequate inventory monitoring and reporting systems. These regulations have an impact on all countries' contractual and procurement processes.

The global large caliber ammunition market trends are as follows:

New product launches to flourish the market

The updated RSG60 60 mm mortar for infantry and special forces was unveiled by Rheinmetall in August 2019. These mortar systems are lightweight, able to operate quickly, and ergonomic. In July 2019, the U.K. Ministry of Defense (MoD) reached an agreement for infantry ammunition with Rheinmetall. Also, for example, Pakistan agreed with Italy in 2019 to procure 100,000 shells of artillery. Besides, in 2019, the U.S. Navy also paid a USD 22.7 million contract for its coastal combat ships with the BAE Systems for the Bofors 57 MK3 Gun System. Also, in 201, India announced its order to purchase specific Excalibur 155 mm artillery rounds from the United States in an attempt to improve its border defense.

Ever-increasing defense spending and military procurement due to regional conflicts

There have been major rises in military spending in many countries around the globe, such as the U.S., India, and China. The production and development of weapons and ammunition form a significant part of this military budget. Warfare techniques of worldwide defense forces have advanced considerably due to the challenges posed by guerrilla warfare, counter-insurgency, and counter-terrorism missions. Territorial disputes that increased in the Middle East following the decrease in Western forces have led to armed conflict between the national armies of different countries. Therefore, they have increased the purchase of artillery and mortar systems, and demand for large-scale ammunition at the same time.

Segments

Sub-segments

Product type

  • Artillery ammunition (155mm, 105mm, others)
  • Tank ammunition (120mm, 105mm, others)
  • Mortar ammunition (60mm, 81mm, 120mm, others)
  • Naval ammunition (57mm, 76mm, 127mm).

Application

  • Rocket-Propelled Grenade
  • Tank
  • Naval Gun

Distribution channel

  • Direct sales
  • Distributer

 

Key benefits of the report:

  • This study presents the analytical depiction of the global large caliber ammunition market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the large caliber ammunition market research report:

  • What are the leading market players active in the large caliber ammunition market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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