Ammunition can be broadly defined as anything which can be used in combat such as missiles, anti-personnel mines, land mines, bombs, warheads, and naval mines. The word ammunition comes from the word French la munition i.e. all those materials used for battles and war. Munitions is the collective term for all forms of ammunition. Ammunition involves general use of weapons, application of fire to targets, propellants and explosives, high explosive projectiles, cartridge systems, attack on aircraft and armor, warheads, fuzes, carrier projectiles, small arms ammunition, mortar ammunition, mines, grenades, improved traditional munitions, terminally precision guided munition and pyrotechnics. Modern ammunition also includes aircraft delivered bombs, rockets and, smart bombs among other explosive bearing propellants. The lethality and destructive power of ammunition systems might be strenuous to appreciate but armed forces witness the accuracy of ammunition as just another survival tool in front of the enemy. Ammunition designs are determined by their purpose while anti-personnel ammunition is designed to tumble the target to maximize the overall damage. Whereas, armor-piercing ammunition is generally sharp, hard and narrow in shape and size. Some common types of military machine guns and rifles include 5.56 mm, 7.62 mm and the 5.45 mm. Battle tanks employ KE-penetrators to combat armored fighting vehicles and other tanks generally for soft targets including infantry.
Developing and Procuring enhanced ammunition and weaponry has become strongly competitive over past few years. Arms and ammunition are considered to be way to safeguard a nation from foreign forces and comprises a large portion of country’s annual expenditure. Increasing concerns towards unfavorable geopolitical threats and disputes from terrorists is a key factor significantly resulting in increased demand for ammunition and weaponry which, in turn, is driving the growth of global ammunition market. Moreover, huge spending on defense and military R&D, especially by developed economies and increasing defense budgets of emerging economies in order to meet the rising demand for efficient, reliable and advanced ammunition as well as growing trend of military modernization are some key factors anticipated to fuel the demand for ammunition, globally. In addition, increasing focus on weight, range, lethality of ammunition, and precision, is expected to further spur the demand for ammunitions. Introduction of guided precision ammunition is one of the essential technology which is projected to steadily impact global ammunition market over the forecast period. Also, military sector across the globe is witnessing huge demand for all types of bullets with all calibers, bombs, tanks etc. Also, civil sales and law enforcement of ammunition is another key element driving the global ammunition market.
The global ammunition market can be segmented on the basis of type, application and geography. On the basis of type, the global ammunition market can be segmented into small caliber, medium caliber and large caliber ammunition. On the basis of application, the market can be segmented into civil and defense. On the basis of geography, the global ammunition market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific.
Demand for ammunition is anticipated to be the highest in regions like Asia-Pacific and Europe due to increase in terrorist activities. Moreover, countries like India, China, Pakistan, Iran, Iraq, Russia, etc. are expected to be the major contributors to the global ammunition market over the forecast period. Some of the leading players operating in the global ammunition market include General Dynamics Corporation, Fiocchi Munizioni S.p.A., Orbital ATK, Inc., Hornady Manufacturing Company, Inc., and RUAG Holding A.G and Nammo A.S. among others.