What is Artillery Ammunition?
Artillery Ammunition is the legal weapon used for military purpose, due more and more terrorist activities happing around Asia-Pacific generates the necessity of this artillery ammunition. The countries are additionally spending their investments on artillery ammunition so that they can better defend themselves from the threats. It is seen that the Asia Pacific region is expected to boost the market for artillery ammunition. As India will be buying artillery guns, moreover India started with buying 144 Dhanush guns, which are indigenous and reworked Bofors guns that will be considered as a major market change by India in the years to come.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | General Dynamics (United States), Rheinmetall Defense (Germany), BAE Systems (United Kingdom), Alliant Techsystems (United States), RUAG Group (Switzerland), Saab AB (Sweden), Hanwha Techwin (South Korea), Nammo AS (Norway), Ukroboronprom (Ukraine) and Israel Military Industries (Israel) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Howitzer [Self Propelled, Towed], Mortar [Self Propelled, Towed], Anti-Air [Air Defense Gun, Counter Rocket Artillery and Mortar (CRAM)] and Others [Naval, Coastal]) , by application (Fighting and National Defense) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Artillery Ammunition market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Artillery Ammunition market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are General Dynamics (United States), Rheinmetall Defense (Germany), BAE Systems (United Kingdom), Alliant Techsystems (United States), RUAG Group (Switzerland), Saab AB (Sweden), Hanwha Techwin (South Korea), Nammo AS (Norway), Ukroboronprom (Ukraine) and Israel Military Industries (Israel).
Market Overview:
In October 2022, Beretta Holding acquired RUAG Ammotec, a Swiss company known for its high-quality ammunition and Europe's largest. As Switzerland regards the name RUAG as a brand for its national defense industry, the Italian industrial group was forced to rename the acquired company. The company becomes a sub-owner of Beretta Holding and retains control of the five rebranded activities.
Artillery Ammunition Market is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Sports Involving Firearms is One of the Major Contributors in Modern Day Ammunition Market
Market Growth Drivers:
Increasing Threats on Terrorist Activities, Rise in Demand Purchased Ammunition in Recent Years and Increasing Regional Conflicts and Geopolitical Issues
Challenges:
High Cost Associated with the Ammunitions and Issues Related With the Limited Budgets for these Ammunitions
Restraints:
Formulation and Stringent Implementation of Gun Control Legislation and Differences in Economic, Legal, and Political Regulations Affect the Procurement of Ammunition
Opportunities:
Developing Economic Growth in Certain Nations and Increased Demand for Advanced Medium and Large Caliber Ammunition from Emerging Economies
Key highlights of the Global Artillery Ammunition market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Artillery Ammunition market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Artillery Ammunition market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Artillery Ammunition Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Artillery Ammunition market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Artillery Ammunition market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment>.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.