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Small Caliber Ammunition Market worth $7.0 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO /PRNewswire/ — The Small Caliber Ammunition market is valued at USD 5.7 billion in 2024 and is projected to reach USD 7.0 billion by 2029, at a CAGR of 4.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The Small Caliber Ammunition market is driven by the increasing defense budget for the procurement of small arms ammunitions globally. There is increase in advancement for ammunition manufacturing and modernization of armed forces to enhance safety and effectiveness. Rising public safety concerns, particularly in regions experiencing high crime rates demands for more effective small caliber ammunition for police forces. Furthermore, the rising demand of small caliber ammunition due to the increasing geopolitical conflicts and terrorism activities are driving the market growth.
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Browse in-depth TOC on “Small Caliber Ammunition Market”
294 – Tables
70 – Figures
315 – Pages
Small Caliber Ammunition Market Report Scope:
| Report Coverage | Details |
| Market Revenue in 2024 | $ 5.7 billion |
| Estimated Value by 2029 | $ 7.0 billion |
| Growth Rate | Poised to grow at a CAGR of 4.3% |
| Market Size Available for | 2020–2029 |
| Forecast Period | 2024–2029 |
| Forecast Units | Value (USD Million/Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Application, Caliber Type, Bullet Type, Lethality and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of World |
| Key Market Challenge | International ammunition control measures |
| Key Market Opportunities | Advancements in small caliber ammunition due to increased R&D expenditure |
| Key Market Drivers | Increasing terrorism incidents and rising geopolitical tensions |
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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