For Ensuring Security of Nation, Arms and Ammunition Forms a Big Part of Any Country

Currently, arms and ammunition form a large part of major nations’ annual expenditures. This is because nations around the world are grappling with terrorist threats that have necessitated overhauling their defense capabilities. In this regard, organizations such as the North Atlantic Treaty Organization (NATO) are working towards counteracting terrorism by improving awareness of the threat, enhancing capabilities to prepare and respond, and intensifying engagement with partner nations and other international entities. Consequently, procuring and developing state-of-the-art weaponry and ammunition has become a high priority for nations worldwide.

In the light of political developments and incorporation of hi-tech weaponry to combat terrorism, the global ammunition market will rise at a CAGR of 3.7% from 2015 to 2021, says Transparency Market Research.

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Q. What are the core factors driving the global ammunition market?

A. Nations around the world are striving to safeguard national security, thereby spending heavily on modern weaponry and ammunition. These measures are closely related to securing the country’s economy and the lives of its citizens. The rising concerns due to geopolitical disputes and changing military and law enforcement mandates as preparatory measures to respond to contingency are boosting the growth of the ammunition market across the world. Continual research and development for technologically advanced weaponry is also improving the demand for ammunition globally. With the rising popularity of shooting-related sports, the ammunition market is receiving a further boost.

Q. How lucrative are Asia Pacific and the Middle East and Africa regions for the global ammunition market?

A. Enormously. The increasing arms race in these regions due to some of the most brutal terrorist attacks in nations here in the past are...