Artillery ammunition

Artillery Ammunition Market Research Report, Growth Trends

The artillery ammunition market has driven a few countries to upgrade their tactical assets through the acquisition of advanced ammunition and equipment. Modernization is currently being adopted in most emerging economies around the world, including Russia, China, Turkey, India, and Saudi Arabia. Subsequently, the consumption of protection for ammunition acquisition and R&D exercises has expanded across the globe in recent years. These nations are spending entirely on military modernization projects to improve and redesign their reconnaissance capabilities and further develop their capability assets regarding range, accuracy, versatility and lethality, range and accuracy being the main rules for acquisitions of ammunition. These modernization exercises are one of the main drivers of demand for ammunition and small arms. Expanding use of the preparation by major economies, as well as emerging economies, also leads to low ammunition use.

List of Competitors: The artillery ammunition market is dominated by a few globally established players such as Northrop Grumman Corporation (US), CBC Global Ammunition (Brazil), BAE Systems (UK) and General Dynamics Corporation (US). United), among others.

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The socio-political need for nations like China, India, and South Korea to be combat-ready has resulted in the enormous range of advanced munitions, including small-type munitions, alongside other combat hardware high level. This rifle is the new assist weapon of the Chinese army. Similarly, from around 2022, the Defense Acquisition Council of India secured the free acquisition of the Negev 7.62x51mm LMG for use by the Indian Army, Navy and Air Force. This LMG will supplant the 5.56x45mm INSAS LMG and is meant to boost warrior lethality and range.

Other prominent military modernization programs have been observed in Russia, Brazil and a few European Union countries. Growing need for huge infantry powers, which is additionally an important part of military modernization programs, is another major consideration driving the interest in the global artillery ammunition market.

Dividing segment

Based on caliber, the artillery ammunition market has been segmented into small, medium, large and others. The small bore segment is expected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the increased use of small caliber ammunition by military and homeland security personnel, due to the lower lethality of such ammunition. In addition, open online markets for small arms and ammunition and increased purchases of small caliber ammunition by the defense and homeland security sectors to curb the increase in cases of armed conflict are also contributing to the growth of this segment.

Based on product, the artillery ammunition market has been segmented into bullets, aerial bombs, grenades, artillery shells and mortars. The segment of bullets should grow to the highest. In recent years, increasing attention has been observed to improve the inventory of land and air forces across the world due to multiple reasons such as geopolitical tensions and air force applications. For example, the United States has ongoing F-35 fighter jet programs. As the Indian Air Force is looking for multi-purpose aircraft to bolster its armed forces, new aircraft purchases will lead to an increase in demand for related ammunition in the coming years. Hanwha Corporation (South Korea) and General Dynamics Corporation (USA) manufacture aerial bombs for applications.

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Regional analysis

Asia-Pacific is expected to generate the highest demand for the artillery ammunition market during the forecast period. This demand is mainly due to ongoing conflicts between neighboring countries. Countries are buying artillery and mortar systems to protect their borders which is expected to generate demand for artillery and mortar ammunition during the forecast period. Currently, India is considering procuring Excalibur-guided long-range artillery munitions from the United States under contingency procurement procedures, for deployment to the Line of Control.

South Korea is expected to continue production of the K9 Thunder 155mm/52 caliber self-propelled artillery system and associated K10 Ammunition Resupply Vehicle (ARV) until at least 2022, for domestic and international markets. The country is currently replacing K55 self-propelled howitzers with K9 Thunder. This generates the need to purchase artillery ammo in the region. The development of new artillery and ammunition systems by countries in the region is expected to drive the growth of the Asia-Pacific artillery ammunition market.

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