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<h4>Ammunition Market- By Ammunition (Small Caliber, Medium Caliber, Large Caliber, Artillery, Mortar), By Application (Defense, Civil) & Forecast, 2022-2030</h4>
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<div><h1>Ammunition Market Size</h1>
<blockquote>
Ammunition Market size surpassed USD 29.3 billion in 2021 and is projected to expand at around 4.7% CAGR from 2022 to 2030.
</blockquote>
Consistent rise in terror attacks worldwide and increased spending on defense modernization programs will augment the demand for various types of ammunition. According to the latest Global Terrorism Index (GTI), in 2021, the number of attacks had surged by 17% compared to the previous year. The rise in attacks represents the need for law enforcement and military agencies to maintain a robust arsenal for national security.
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In regions such as North America and Europe with strong defense capabilities, the adoption of modern equipment and infrastructure is growing. For instance, the Russia-Ukraine war in 2022 urged Germany to introduce a USD 112 million security fund to support the modernization of its military capabilities. Similar investments across the globe will boost the manufacturing of advanced weaponry and fighter aircraft, expanding the medium & large caliber ammunition industry share.
Government efforts to curb gun violence and public outrage against domestic attacks could act as barriers to the industry growth. A few countries in Latin America are looking to adopt stringent laws on gun ownership including nations where gun possession by civilians is legal. Increasing crime rates in developing countries may further impact weapon laws, hampering ammunition demand. 
 
<table>
<caption>Ammunition Market Report Attributes</caption>
<tbody>
<tr>
</tr>
</tbody>
<thead>
</thead>
<tbody>
<tr>
<th scope="">Report Attribute</th>
<th scope="">Details</th>
</tr>
</tbody>
<tbody>
<tr>
<th scope="">Base Year</th>
<td>2021</td>
</tr>
<tr>
<th scope="">Ammunition Market Size in 2021</th>
<td>USD 29,898.7 Million</td>
</tr>
<tr>
<th scope="">Forecast Period</th>
<td>2022 to 2030</td>
</tr>
<tr>
<th scope="">Forecast Period 2022 to 2030 CAGR</th>
<td>4.7%</td>
</tr>
<tr>
<th scope="">2030 Value Projection</th>
<td>USD 43,054.4 Million</td>
</tr>
<tr>
<th scope="">Historical Data for</th>
<td>2018 to 2021</td>
</tr>
<tr>
<th scope="">No. of Pages</th>
<td>130</td>
</tr>
<tr>
<th scope="">Tables, Charts & Figures</th>
<td>107</td>
</tr>
<tr>
<th scope="">Segments covered</th>
<td>Caliber, Application</td>
</tr>
<tr>
<th scope="">Growth Drivers</th>
<td>
<ul>
<li>Rising terrorism activities and cross border conflicts</li>
<li>Growing popularity of sport-shooting and hunting</li>
<li>Military modernization programs</li>
</ul>
</td>
</tr>
<tr>
<th scope="">Pitfalls & Challenges</th>
<td>
<ul>
<li>Stringent governments rules</li>
</ul>
</td>
</tr>
</tbody>
<tbody>
</tbody>
</table>
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<h2>Ammunition Market Analysis</h2>
The global ammunition market sales from mortar products will record more than 5% gains through 2030 owing to a rising number of cross-border conflicts in regions such as Europe and the MEA. The product offers various benefits for military personnel including portability, easy maneuverability, and the ability to be used from trenches.
Considerable spending to reinforce naval and ground defense forces across the world will influence the manufacturing of artillery products. In 2022, the UK government announced that it has increased its naval budget to nearly USD 45.9 billion, which is a notable change compared to the previous budget. Reportedly, the funding will be directed toward enhancing the navy’s lethality, fleet availability, and developing a more high-tech force. The move represents a substantial potential for artillery and large-caliber ammunition demand to fortify sea and <a href="">air defense systems</a>.
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Based on ammunition sales statistics, the civil application is predicted to surpass USD 19 billion by 2030 with increased spending on public security and the growing use of guns for recreational activities. Smaller firearms witness considerable sales in countries such as the U.S., Canada, and Brazil, among others. In North America, gun ranges and shooting sports are quite common. Government agencies allow people to hunt and shoot on designated lands, keeping public safety in mind. High expenditure on local law enforcement agencies will further strengthen small caliber ammunition demand.
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In terms of regional performance, the Asia Pacific ammunition market size is expected to witness growth rate of more than 5.5% up to 2030. Prominent industry drivers include growing defense budgets in countries such as China, India, and Japan. Nations are also aiming to improve their military capabilities through transformative programs to address civil & cross-border tensions. For instance, India, Japan & Australia are part of the Quad Group with the U.S. being the fourth member. These countries are collaborating to develop their technical expertise and improve their strategic advantages. 
Ammunition Market Share
Some of the major manufacturers of ammunition include
<ul>
<li>BAE Systems</li>
<li>CCI</li>
<li>Global Ordnance</li>
<li>Elbit Systems Ltd.</li>
<li>NAMMO AS</li>
<li>Magtech</li>
<li>Denel</li>
<li>Northrop Grumman Corporation</li>
<li>Nexter Group</li>
<li>Ruag Ammotech</li>
</ul>
Companies are continuously seeking opportunities for growth and expanding their market reach through R&D efforts, partnerships, key product developments, and merger & acquisition prospects. For instance, in February 2022, RUAG Ammotec introduced lead-free training ammunition for police forces to cut down on pollutants, indicating a potential transformation in small caliber ammunition.
<h2>Impact of COVID-19 Pandemic</h2>
Despite the global economy slowing down in 2020 - 2021 due to coronavirus pandemic, the overall sales of arms had increased. At the end of 2021, SIPRI reported that the high sales can be attributed to continuous government demand for military products and security services. However, supply chain disruptions did affect a few weaponry manufacturers in 2020, where they reported lower sales in some areas. Ammunition market trends in 2022 and beyond will depend on increased crime rate in the COVID-19 pandemic and government efforts to strengthen citizen security.
<h3>This market research report on ammunition includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2027, for the following segments</h3>
Market, By Caliber
<ul>
<li>Small Caliber</li>
<li>Medium Caliber</li>
<li>Large Caliber</li>
<li>Artillery</li>
<li>Mortar</li>
</ul>
Market, By Application
<ul>
<li>Defense</li>
<li>Civil 
 </li>
</ul>

 
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<h4>Table of Content</h4>
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<h5 class="p">Report Content
Chapter 1   Methodology and Scope
1.1    Market definition
1.2    Base estimation & working
1.2.1    North America
1.2.2    Europe
1.2.3    Asia Pacific
1.2.4    Latin America
1.2.5    Middle East & Africa
1.3    Forecast calculation
1.3.1    COVID-19 impact calculations on industry forecast
1.4    Data sources
1.4.1    Primary
1.4.2    Secondary
1.4.2.1   Paid sources
1.4.2.2   Public sources
Chapter 2   Executive Summary
2.1    Ammunition industry 3600 synopsis, 2018 - 2030
2.1.1    Business trends
2.1.2    Caliber trends
2.1.3    Application trends
2.1.4    Regional trends
Chapter 3   Ammunition Industry Insights
3.1    Industry segmentation
3.2    Industry ecosystem analysis
3.2.1    Manufacturers
3.2.2    Supply chain analysis
3.2.3    Value chain disruption due to COVID-19
3.2.4    End-users
3.2.5    Vendor matrix
3.2.5.1   List of key manufacturers/suppliers
3.2.5.2   List of key potential customers
3.3    Defense spending by country, 2021
3.4    Technology & innovation landscape
3.5    Industry impact forces
3.5.1    Growth drivers
3.5.1.1   Rising terrorism activities and border conflicts
3.5.1.2   Increasing recreational & leisure activities like hunting and shooting
3.5.1.3   Escalating arms race in Asia Pacific, MEA
3.5.2    Industry pitfalls & challenges
3.5.2.1   Stringent government norms
3.6    Regulatory trends
3.6.1    North America
3.6.2    Europe
3.6.3    Asia Pacific
3.6.4    Latin America
3.6.5    Middle East & Africa
3.7    Growth potential analysis, 2021
3.8    Competitive landscape
3.8.1    Company market share, 2021
3.8.2    Strategy dashboard
3.9    Porter's analysis
3.9.1    Buyer power
3.9.2    Supplier power
3.9.3    Industry rivalry
3.9.4    Threat of substitutes
3.9.5    Threat of new entrants
3.9.6    COVID-19 impact on pricing
3.10    PESTEL analysis
Chapter 4   Ammunition Market, By Caliber
4.1    Global ammunition market share by caliber insights
4.2    Small Caliber
4.2.1    Market estimates and forecast, 2018 – 2030, (USD Million)
4.3    Medium Caliber
4.3.1    Market estimates and forecast, 2018 – 2030, (USD Million)
4.4    Large Caliber
4.4.1    Market estimates and forecast, 2018 – 2030, (USD Million)
4.5    Artillery
4.5.1    Market estimates and forecast, 2018 – 2030, (USD Million)
4.6    Mortar
4.6.1    Market estimates and forecast, 2018 – 2030, (USD Million)
Chapter 5   Ammunition Market, By Application
5.1    Global ammunition market share by application insights
5.2    Defense
5.2.1    Market estimates and forecast, 2018 – 2030, (USD Million)
5.3    Civil
5.3.1    Market estimates and forecast, 2018 – 2030, (USD Million)
Chapter 6   Ammunition Market, By Region
6.1    Global Ammunition market share by region, 2021 & 2030
6.2    North America
6.2.1    North America market estimates and forecast, 2018 – 2030, (USD Million)
6.2.2    North America market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.2.3    North America market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.2.4    U.S.
6.2.4.1   U.S. market estimates and forecast, 2018-2030, (USD Million)
6.2.4.2   U.S. market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.2.4.3   U.S. market estimates and forecast, by application, 2018 – 2030,) (USD Million)
6.2.5    Canada
6.2.5.1   Canada market estimates and forecast, 2018-2030, (USD Million)
6.2.5.2   Canada market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.2.5.3   Canada market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.3    Europe
6.3.1    Europe market estimates and forecast, 2018 – 2030, (USD Million)
6.3.2    Europe market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.3.3    Europe market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.3.4    Germany
6.3.4.1   Germany market estimates and forecast, 2018-2030, (USD Million)
6.3.4.2   Germany market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.3.4.3   Germany market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.3.5    UK
6.3.5.1   UK market estimates and forecast, 2018-2030, (USD Million)
6.3.5.2   UK market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.3.5.3   UK market estimates and forecast, by product, 2018-2030, (USD Million)
6.3.5.4   UK market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.3.6    France
6.3.6.1   France market estimates and forecast, 2018-2030, (USD Million)
6.3.6.2   France market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.3.6.3   France market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.3.7    Italy
6.3.7.1   Italy market estimates and forecast, 2018-2030, (USD Million)
6.3.7.2   Italy market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.3.7.3   Italy market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.4    Asia Pacific
6.4.1    Asia Pacific market estimates and forecast, 2018 – 2030, (USD Million)
6.4.2    Asia Pacific market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.4.3    Asia Pacific market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.4.4    China
6.4.4.1   China market estimates and forecast, 2018-2030, (USD Million)
6.4.4.2   China market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.4.4.3   China market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.4.5    India
6.4.5.1   India market estimates and forecast, 2018-2030, (USD Million)
6.4.5.2   India market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.4.5.3   India market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.4.6    Japan
6.4.6.1   Japan market estimates and forecast, 2018-2030, (USD Million)
6.4.6.2   Japan market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.4.6.3   Japan market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.4.7    South Korea
6.4.7.1   South Korea market estimates and forecast, 2018-2030, (USD Million)
6.4.7.2   South Korea market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.4.7.3   South Korea market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.5    Latin America
6.5.1    Latin America market estimates and forecast, 2018 – 2030, (USD Million)
6.5.2    Latin America market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.5.3    Latin America market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.5.4    Brazil
6.5.4.1   Brazil market estimates and forecast, 2018-2030, (USD Million)
6.5.4.2   Brazil market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.5.4.3   Brazil market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.5.5    Mexico
6.5.5.1   Mexico market estimates and forecast, 2018-2030, (USD Million)
6.5.5.2   Mexico market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.5.5.3   Mexico market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.6    Middle East & Africa
6.6.1    Middle East & Africa market estimates and forecast, 2018 – 2030, (USD Million)
6.6.2    Middle East & Africa market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.6.3    Middle East & Africa market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.6.4    South Africa
6.6.4.1   Saudi Arabia market estimates and forecast, 2018-2030, (USD Million)
6.6.4.2   Saudi Arabia market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.6.4.3   Saudi Arabia market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.6.5    Israel
6.6.5.1   Israel market estimates and forecast, 2018-2030, (USD Million)
6.6.5.2   Israel market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.6.5.3   Israel market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.6.6    UAE
6.6.6.1   UAE market estimates and forecast, 2018-2030, (USD Million)
6.6.6.2   UAE market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.6.6.3   UAE market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.6.7    South Africa
6.6.7.1   South Africa market estimates and forecast, 2018-2030, (USD Million)
6.6.7.2   South Africa market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.6.7.3   South Africa market estimates and forecast, by application, 2018 – 2030, (USD Million)
6.6.8    Egypt
6.6.8.1   Egypt market estimates and forecast, 2018-2030, (USD Million)
6.6.8.2   Egypt market estimates and forecast, by caliber, 2018 - 2030, (USD Million)
6.6.8.3   Egypt market estimates and forecast, by application, 2018 – 2030, (USD Million)
Chapter 7   Company Profiles
7.1    Ruag Ammotech
7.1.1    Business Overview
7.1.2    Financial Data
7.1.3    Product Landscape
7.1.4    Strategic Outlook
7.1.5    SWOT Analysis
7.2    BAE Systems
7.2.1    Business Overview
7.2.2    Financial Data
7.2.3    Product Landscape
7.2.4    Strategic Outlook
7.2.5    SWOT Analysis
7.3    CCI
7.3.1    Business Overview
7.3.2    Financial Data
7.3.3    Product Landscape
7.3.4    Strategic Outlook
7.3.5    SWOT Analysis
7.4    Denel
7.4.1    Business Overview
7.4.2    Financial Data
7.4.3    Product Landscape
7.4.4    Strategic Outlook
7.4.5    SWOT Analysis
7.5    Federal Premium Ammunition
7.5.1    Business Overview
7.5.2    Financial Data
7.5.3    Product Landscape
7.5.4    Strategic Outlook
7.5.5    SWOT Analysis
7.6    General Dynamics Corporation
7.6.1    Business Overview
7.6.2    Financial Data
7.6.3    Product Landscape
7.6.4    Strategic Outlook
7.6.5    SWOT Analysis
7.7    Global Ordnance
7.7.1    Business Overview
7.7.2    Financial Data
7.7.3    Product Landscape
7.7.4    Strategic Outlook
7.7.5    SWOT Analysis
7.8    Hornady Manufacturing
7.8.1    Business Overview
7.8.2    Financial Data
7.8.3    Product Landscape
7.8.4    Strategic Outlook
7.8.5    SWOT Analysis
7.9    Magtech
7.9.1    Business Overview
7.9.2    Financial Data
7.9.3    Product Landscape
7.9.4    Strategic Outlook
7.9.5    SWOT Analysis
7.10    Maxam
7.10.1    Business Overview
7.10.2    Financial Data
7.10.3    Product Landscape
7.10.4    Strategic Outlook
7.10.5    SWOT Analysis
7.11    Nammo AS
7.11.1    Business Overview
7.11.2    Financial Data
7.11.3    Product Landscape
7.11.4    Strategic Outlook
7.11.5    SWOT Analysis
7.12    Nexter Munition
7.12.1    Business Overview
7.12.2    Financial Data
7.12.3    Product Landscape
7.12.4    Strategic Outlook
7.12.5    SWOT Analysis
7.13    Olin Corporation
7.13.1    Business Overview
7.13.2    Financial Data
7.13.3    Product Landscape
7.13.4    Strategic Outlook
7.13.5    SWOT Analysis
7.14    Orbital ATK Inc
7.14.1    Business Overview
7.14.2    Financial Data
7.14.3    Product Landscape
7.14.4    Strategic Outlook
7.14.5    SWOT Analysis
7.15    Poongsan Corporation
7.15.1    Business Overview
7.15.2    Financial Data
7.15.3    Product Landscape
7.15.4    Strategic Outlook
7.15.5    SWOT Analysis
7.16    Remington Arms Company
7.16.1    Business Overview
7.16.2    Financial Data
7.16.3    Product Landscape
7.16.4    Strategic Outlook
7.16.5    SWOT Analysis
</h5>
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<h5 class="p"><ul>
<li>BAE Systems</li>
<li>CCI</li>
<li>Global Ordnance</li>
<li>Elbit Systems Ltd.</li>
<li>NAMMO AS</li>
<li>Magtech</li>
<li>Denel</li>
<li>Northrop Grumman Corporation</li>
<li>Nexter Group</li>
<li>Ruag Ammotech</li>
</ul>
</h5>
</div>
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