Small Caliber Ammunition Market worth $7.0 billion by 2029 – Exclusive Report by MarketsandMarkets™

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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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