Ammunition Market by Growth Insight, Competitive Analysis and Regional Statistic

1. Ammunition Market by Growth Insight, Competitive Analysis and Regional Statistics to 2030

2. Industry Insights • Global ammunition market may reach $11.5 billion in terms of valuation by 2025. The frequency of geopolitical tension and terror attacks has escalated considerably in the past couple of years. According to the Global Terrorism Index, 2021 reported a total of 5,226 global terrorist attacks. Owing to the increasing threat of attacks and growing territorial and political conflicts, several economies are scaling up their defense investments and military capabilities. • For instance, the recent conflict between Russia and Ukraine that broke out in February 2022 put military agencies across the globe on edge. Countries like Germany announced additional investments in sophisticated military technologies to strengthen security with a $113 billion fund in the country’s armed forces, Bundeswehr. • Such war-like situations dramatically amplify the demand and supply of defense technologies and weapons, which represents an opportunity for the growth of the ammunition businesses.

3. Increasing research and development (R&D) in the field of military and defense capabilities has resulted in advanced artillery guns. One such breakthrough was recently achieved by the Defense Research and Development Organization (DRDO) of India. • DRDO’s Armament Research & Development Establishment (ARDE) lab designed an indigenous Advanced Towed Artillery Gun System (ATAGS). The artillery tech ¬- developed in partnership with leading private companies of India, Bharat Forbes, and Tata Group - is designed to demonstrate fast mobility in desert and mountain terrain with wireless communication, and autonomous mode firing capability. Increasing focus on advancements in artillery ammunition is expected to contribute to a positive outlook for the artillery ammunition market. • The U.S. ammunition market is anticipated to accrue exponential growth in view of large-scale funding in the defense sector. The U.S. Army is on a roll with large investments in technologies and collaborations with advanced missile designers to modernize its military and defense. • In March 2022, the U.S. Air Force placed a $128.2 million order with the aerospace, defense, and arms giant Lockheed Martin for 123 GPS-guided JASSM-ER air-launched smart munitions. The advanced air-to-ground JASSM-ER missile uses precision routing and guidance in extreme weather conditions.

4. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/261

5. Regional Analysis • With the development of smart munitions, the U.S. aircrews can remain well out of danger from hostile air defense systems. On account of increasing innovations encouraged by the U.S. military agencies and ammunition suppliers, the U.S. is expected to emerge as a hub for smart ammunitions. • The country is also accelerating efforts to source high-performance artillery, which is likely to favor the U.S. ammunition market size. For instance, in February 2022, the U.S Army ordered additional 155 mm M982 Excalibur precision-guided artillery projectiles from Raytheon. • Competitive Analysis • The report recognizes BAE Systems, Elbit Systems Ltd., CCI, Denel, Global Ordnance, NAMMO AS, Magtech, Nexter Group, Northrop Grumman Corporation, and RuagAmmotech as prominent players in global ammunition industry. Request for Customization @ https://www.gminsights.com/roc/261

6. Latest Research Report On Ammunition Market @ https://www.gminsights.com/industry-analysis/ammunition-market Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/261 Request for customization @ https://www.gminsights.com/roc/261

7. THANK YOU www.gminsights.com