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Investments in Advanced Weaponry to Drive Global Ammunition Market to Us$14.87 Bn by 2021

  • Date Submitted: 11/12/2015 10:29 PM
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According to a new market report published by Transparency Market Research “Ammunition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” global ammunition market was valued at US$11.48 bn in 2014, growing at a CAGR of 3.7% from 2015 to 2021 to account for US$14.87 bn in 2021.

Browse the full Ammunition Market report at:
http://www.transparencymarketresearch.com/ammunition-market.html

The growing competition among nations to equip armed troops with advanced weaponry in order to secure the country’s economy and citizen’s lives is the major driver for the global ammunition market. Increasing concerns to combat various unfavourable geopolitical disputes and threats from terrorist organizations are further boosting the market for ammunition across the world. Continuous development of technologically enhanced weaponry is simultaneously improving the demand scenario for ammunition market globally.

In terms of segmentation by types, the full metal jacketed (FMJ) ammunition segment held the highest revenue share accounting for nearly fifty percent of the overall market in 2014. With the increasing access of technology to hostile nations and terrorist organizations, the requirements for tracer, incendiary and armor piercing ammunition are also escalating at substantial rates globally. In terms of caliber, the market is further segmented into small caliber ammunition, medium caliber ammunition, mortar ammunition, artillery ammunition and shotgun shells. The artillery ammunition segment is estimated to register the second fastest CAGR during the forecast period from 2015 to 2021. The shotgun shells segment is currently growing at a slower pace as compared to other ammunition types. However, this segment is expected to gain pace over the forecast period owing to the increasing applications in law enforcement and commercial sectors.

Geographically, Europe is estimated to be leading the global ammunition market with market...

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