What is Global Medium and Large Caliber Ammunitions Market?
The Global Medium and Large Caliber Ammunitions Market is a comprehensive study of the current trends, growth indicators, and market dynamics of the ammunition industry worldwide. This market primarily focuses on medium and large caliber ammunitions, which are extensively used in various defense and security applications. Medium caliber ammunition typically ranges from 20mm to 57mm, while large caliber ammunition is anything above 57mm. These ammunitions are used in a variety of firearms, from small arms and light weapons to rocket-propelled grenades, tanks, naval guns, and others.
Medium Caliber Ammunition, Large Caliber Ammunition in the Global Medium and Large Caliber Ammunitions Market:
Medium caliber ammunition is widely used in small arms and light weapons. These are typically handheld, lightweight weapons that can be carried and operated by a single person. They include handguns, rifles, shotguns, and light machine guns. Medium caliber ammunition is preferred for these weapons due to its balance of power and control. It provides sufficient firepower without the excessive recoil and weight of larger calibers. On the other hand, large caliber ammunition is used in heavy weapons such as tanks and naval guns. These weapons require high-powered ammunition to penetrate armored targets and inflict significant damage. Large caliber ammunition is also used in rocket-propelled grenades, which are handheld weapons capable of launching explosive warheads at high speeds.
Small Arms and Light Weapons, Rocket-Propelled Grenade, Tank, Naval Gun, Others in the Global Medium and Large Caliber Ammunitions Market:
The global Medium and Large Caliber Ammunitions market was valued at US$ 7074 million in 2022. It is projected to reach a value of US$ 9066.4 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.7% during the forecast period from 2023 to 2029. Large caliber ammunition holds the majority share in the product segment, accounting for over 80% of the market. This is due to its extensive use in heavy weapons and military applications. In terms of application, rocket-propelled grenades hold the largest share, accounting for over 35% of the market. This is due to their versatility and effectiveness in various combat scenarios.
Global Medium and Large Caliber Ammunitions Market Outlook:
In conclusion, the Global Medium and Large Caliber Ammunitions Market is a dynamic and growing industry. It is driven by the ongoing demand for effective and reliable ammunition in defense and security applications. The market is expected to continue its growth trajectory in the coming years, driven by advancements in ammunition technology and the increasing global defense expenditure.
| Report Metric | Details |
| Report Name | Medium and Large Caliber Ammunitions Market |
| Accounted market size in 2023 | US$ 7718 million |
| Forecasted market size in 2029 | US$ 9066.4 million |
| CAGR | 2.7 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Northrop Grumman, General Dynamics, Nammo, Nexter, BAE Systems, Poongsan Corporation, Elbit Systems, Day & Zimmermann, Rheinmetall, Rostec, National Presto, NORINCO, CSGC, Wuhan Guide Infrared |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
