Global Medium-Caliber Ammunition Market, 2021 - Growing Demand in Non-U.S and Non-European Markets
Dublin, Oct. 03, 2017 (GLOBE NEWSWIRE) -- The "Global Medium-Caliber Ammunition Market - Analysis & Forecast (2017-2021) Focus on Caliber Types (20mm, 25mm, 30mm, 40mm and others) and Region" report has been added to Research and Markets' offering.
The total market size of medium-caliber ammunition was valued at $732 million in 2016 due to rising wars, conflicts & terrorism activities, and increasing defense budgets across different countries.
Owing to the increasing demand for smart weapons as well as growing need from non-U.S and non-European markets, the market of medium-caliber ammunition is expected to show moderate growth during the forecast period 2017-2021. Denel SOC Ltd (Denel PMP), General Dynamics Ordnance and Tactical Systems, Nammo AS, Nexter Group, Orbital ATK, Poongsan Defense, BAE Systems, Rheinmetall AG, Singapore Technologies Engineering Ltd and Thales Group, among others, are some of the major players of the medium-caliber ammunition market.
The size of medium-caliber rounds ranges from 20mm to 57mm calibers. Out of all the caliber types, 20mm caliber generated most of the revenue in 2016, whereas, 40mm caliber type is expected to grow at the highest CAGR during 2017-2021. Moreover, 20mm caliber type is likely to dominate the market by 2021 followed by 40mm caliber type.
North America is expected to have the highest market during the forecast period 2017-2021, followed by Europe, Asia-Pacific and Rest of the World. The U.S. is the most prominent nation in North America for the growth of medium-caliber ammunition market. The increased demand for medium-caliber ammunition in the U.S. is due to the adoption of military modernization plans and growing terrorism activities.
Europe is another leading region for using medium-caliber ammunition in military applications. The European region majorly consists of the U.K., Germany, France, Russia, and rest of Europe in medium-caliber ammunition market. Moreover, there are ample opportunities for new entrants in this region, as the demand for medium-caliber ammunition is gradually increasing.
Asia-Pacific region is expected to grow at the highest CAGR during the forecast period 2017-2021. The rising demand is caused by the increase in the defense budget of emerging economies across the region and rising conflicts amongst neighboring nations. Furthermore, India is expected to show the highest growth in medium-caliber ammunition market, globally.
The rest of the world includes Middle-East, Africa and Latin America that is estimated to have the increasing growth in medium-caliber ammunition market during the forecast period 2017-2021. The increasing requirement of medium-caliber rounds is due to an increase the country's military strength.
Key Topics Covered:
Executive Summary
1 Scope & Research Methodology
1.1 Report Scope
1.2 Global Medium-Caliber Ammunition Market Research Methodology
2 Market Dynamics
2.1 Market Drivers
2.1.1 Defense Modernization Programs
2.1.2 Rising Wars, Conflicts and Terrorism Activities
2.2 Market Challenges
2.2.1 Environmental Issues due to Toxic Propellants
2.2.2 Ammunition Demilitarization
2.3 Market Opportunities
2.3.1 Increasing Demand for Smart Weapons
2.3.2 Growing Demand in Non-U.S and Non-European Markets
3 Competitive Insights
3.1 Competitive Landscape
3.2 Key Strategies And Developments
3.2.1 Partnerships, Agreements and Contracts
3.2.2 Mergers, Acquisitions and Joint Ventures
3.2.3 Other Developments
3.3 Market Share Analysis
4 Industry Analysis
4.1 Ammunition Market: Regulatory Overview
4.2 Product Assortment Across Key Ammunition Manufacturers
4.3 Industry Key Trends
4.4 Political, Economic, Social, Technological, Legal and Environmental (PESTLE) Analysis
4.5 Patent Analysis
4.6 Value Chain Analysis
5 Global Medium-Caliber Ammunition Market, 2017-2021
5.1 Assumptions and Limitations
5.2 Market Overview
6 Global Medium-Caliber Ammunition Market by Type
6.1 Market Overview
6.2 20mm
6.3 25mm
6.4 30mm
6.5 40mm
6.6 Others
7 Global Medium-Caliber Ammunition Market by Region
8 Company Profiles
- BAE Systems
- Companhia Brasileira De Cartuchos (CBC)
- Denel SOC Ltd (DENEL PMP)
- General Dynamics Ordnance and Tactical Systems, Inc.
- Global Ordnance
- MAXAMCorp Holding, S.L.
- MESKO SA
- Multinational Defense Services LLC
- Nammo AS
- Nexter Group
- Orbital ATK, Inc.
- Poongsan Corporation
- Rheinmetall AG
- Singapore Technologies Engineering Ltd
- Thales Group
For more information about this report visit https://www.researchandmarkets.com/research/x77bk4/global
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Related Topics: Ammunition
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