Small Caliber Ammunition Market worth $7.0 billion by 2029 - Exclusive Report by MarketsandMarkets™

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294 – Tables
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315 – Pages

Small Caliber Ammunition Market Report Scope:

Based on the Caliber Type, the 7.62 mm segment is estimated to grow at highest CAGR during the forecast period.

Based on the Caliber Type, the 7.62 mm segment is estimated to grow at highest CAGR during the forecast period. The 7.62 mm small caliber ammunition is widely used in rifles and machine guns. The 7.62 mm small caliber ammunition is more reliable, effective in long-range engagements and has more compatibility with a variety of rifles and machine guns. The increasing procurement of rifles and machine guns globally to counter threats and terrorism activities demands 7.62 mm small caliber ammunition which further drives the market growth.

Based on the Application, the Military segment is estimated to hold the highest market share during the forecast period.

Based on the Application, the Military segment is estimated to hold the highest market share during the forecast period. Militaries worldwide require high volume of ammunition for training, operational engagements, and strategic reserves. Additionally, there is a rise in procurement of ammunition by the military for special operations, engagement in international conflicts and peacekeeping missions.  The rise in defense budget and expansion of military force further drives the market growth.

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Based on regions, the Asia Pacific is estimated to hold the highest market share during the forecast period.

Based on region the Asia Pacific region is estimated to accounts for highest small caliber ammunition industry share during the forecast period.  The growth of the market in this region is attributed to the rapid military modernization across major countries such as China, India, and South Korea. The nations across the region are significantly increasing their defense budgets to enhance their military capabilities to counter the security threats and geopolitical tensions. The rising demand of small caliber ammunition due to increasing internal security concerns and terrorism activities to drive the market growth.

Key Players

The Small Caliber Ammunition companies is dominated by a few globally established players such as Elbit Systems Ltd. (Israel), Thales (France), Olin Corporation (US), General Dynamics Corporation (US), Nammo AS (Norway).

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