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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.
COVID-19 Scenario Analysis:
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.
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Questions answered in the large caliber ammunition market research report:
Large Caliber Ammunition Market Report Highlights
Aspects | Details |
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By Product Type |
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By Application |
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By Distribution channel |
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By Region |
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Key Market Players | General Dynamics Corporation, BAE Systems, Northcorp Grumann Corporation, Rheinmetall AG, Global Ordnance, Nexter Grou, Ruag Ammotech, Magtech, Denel, Hornady Manufacturing |
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