Global Military Ammunition Market 2018-2028 – Increasing Demand for Training Ammunition

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SOURCE Research and Markets

DUBLIN, Nov. 9, 2018 /PRNewswire/ —

The “The Global Military Ammunition Market 2018-2028” report has been added to ResearchAndMarkets.com’s offering.

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Global Military Ammunition market is expected to grow at a CAGR of 2.98% during the period 2018-2028

The Global Military Ammunition Market 2018-2028 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military ammunition, key market trends, and challenges faced by industry participants.

The market is expected to be dominated by North America, occupying 44.2% of the market share, followed by Asia-Pacific market, which is dominated by China, India, Japan and South Korea. Russia, France and the UK account for major market share in the European region.

The proliferation of religious extremism and scattered terrorist activities in various Asian, Middle East, and North African countries, along with growing activities of insurgent groups in India, Brazil, Colombia, and other Latin American countries, have been posing divergent security challenges for various countries.

Advanced weapons and equipment in the hands of these terrorist and insurgent groups have been exposing serious gaps in the weapons and protection systems used by various armed forces. These factors have been instrumental in the procurement of ammunition by major countries, which are at various stages of planning to initial implementation.

Demand for Military Ammunition is anticipated to be driven by military modernization plans undertaken by various countries, regional conflicts and instability in many regions, counter terrorist and anti-insurgency operations being led by various militaries. In addition, the need to maintain a sufficient inventory of ammunition for militaries worldwide and the increasing demand for training ammunition are also anticipated to have a positive impact on the demand for military ammunition.

Companies Mentioned

  • Orbital ATK
  • General Dynamics-Ordnance and Tactical Systems
  • BAE Systems
  • Nammo AS
  • Olin Corporation
  • Rheinmetall Defence
  • Nexter Munitions
  • Poongsan Corporation
  • Maxam
  • RUAG Ammotec
  • Northrop Grumman

For more information about this report visit https://www.researchandmarkets.com/research/c446ks/global_military?w=5

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