Small Caliber Ammunition Market Forecast, Trend Analysis & Competition Tracking - Global Industry Insights 2015 to 2031

Small-caliber Ammunition Market Overview:

“The Small-caliber Ammunition Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Any material fired, scattered, dropped, or detonated from any weapon or weapon system is commonly referred to as ammunition.

It can be used in expandable weapons such as bombs, land mines, missiles, etc., and as components of smaller hand-held weapons such as bullets and warheads.

The primary purpose of ammunition is to exert force against a selected target that will cause required effects (usually lethal). The body of ammunition comprises four primary components - projectile, propellant, primer, and cartridge case.

Three types of ammunition are classified according to their applications, such as small-caliber ammunition, artillery ammunition, and semifixed ammunition.

Small-caliber ammunition can be classified as such if it has a projectile equal to or less than 20mm or 0.60 inches in diameter. A complete unit of small-caliber ammunition is also known as a cartridge or a round, and even shots in the case of a shotgun.

A small-caliber ammunition cartridge’s major components are projectile, propellant, primer, and the cartridge case.

Projectile: It is also referred to as the bullet that is fired from a gun. It usually consists of a core or jacket that is made from materials such as lead, copper, steel, and rubber, among others.

Propellant: A propellant is used for igniting and generating gas pressure, which then propels the bullet out of a gun’s barrel.

Primer: It is a chemical compound that is ignited by the firing pin of the gun, which then ignites the propellant.

Cartridge Case: It is the housing or casing that contains all the aforementioned components. When a gun is fired, the cartridge case traps the escape of gases, thus creating sufficient pressure to propel a projectile in a forward direction at a great speed.

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Global Small Caliber Ammunition Market Revenue Outlook:

The global small caliber ammunition market was valued at US$ 11,214.9 Mn in 2020 and is projected to register а САGR of 3.0% by 2031.

Nonetheless, various industry players in the global Small Caliber Ammunition market are now increasing their focus towards the establishment of successful collaborations, acquisitions, and joint venture activities as a means to enhance their respective customer bases. In doing so, these players are also increasing their supply capabilities to meet customer requirements on a local and global scale. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

Some countries weapon and ammunition production value, 2020

Country	Production Value ($ Mn), 2020
United Kingdom	3836.5
Germany	3123.5
Italy	1582.8
Norway	997.9
Spain	924.4
Bulgaria	1005.5
Switzerland	704.2
Czech Republic	596
Austria	594.3
Sweden	572.1
Poland	450
Bosnia and Herzegovina	130.5
Portugal	55.5
Hungary	33.7

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Increasing defense budgets is boosting the growth of the global small caliber ammunition market

Increasing defense budgets of both developed and developing economies aimed at modernization of their respective forces and replacing their existing arsenals with better equipment. This factor is also expected to bolster the financial trajectory of this global market in the years to come.

• In May 2020, the Government of Japan announced its plans to increase its defense budget from 1% to 5% of its GPD over the next ten years.
• In June 2020, the Thales Group signed a strategic domestic ammunition manufacturing contract with the Government of Australia. The deal is valued at $686.7 Mn. over a 10-year period to supply ammunition and small arms to the Australian Defense Forces.
• In June 2020, the US Department of Defence (DoD) signed a contract with Winchester Ammunitions to purchase 9mm ammunition worth $38 Mn. for indoor and outdoor close-quarter battle training purposes.

Some recent trends expected to have a positive impact on the growth of the market

Ammunitions are generally made from various materials such as lead, copper, steel, rubber, plastic, etc. As materials such as lead are hazardous and can potentially pollute the land it is incorrectly disposed of; several manufacturers are now gradually shifting towards using less harmful materials. This is another significant trend that has been observed in this global industry, and as such, is expected to have a positive influence on the future expansion of this burgeoning market.

Segmental Analysis

The global small caliber ammunition market is segmented on the basis of - caliber size, end-use, and region. Caliber size segmentation is further classified on the basis of 5.56mm caliber, 7.62mm caliber, 9mm caliber, and 12.7mm caliber.

The 9mm caliber sub-segment accounts for the highest revenue share among the caliber size segments.

The end-use segment is further divided into - military, law enforcement, and civilian sub-segments. Among the end-use segments, the law enforcement sub-segment accounts for a significant share in terms of revenue.

This market is further divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa with respect to region. With regards to the region segmentation of this market, North America is expected to account for a significant projected revenue share over the forecast period.

Competitive Landscape

The small-caliber ammunition landscape appears highly consolidated, with a major chunk of it being dominated by the US players.

• General Dynamics Corp
• Northrop Grumman Corp. (Orbital ATK Inc.)
• BAE Systems Plc.
• Olin Corporation
• Vista Outdoor, Inc.
• Poongsan Corp.
• RUAG International Holding AG (RUAG Ammotec GmbH)
• Nexter Group (KMW+Nexter Defense Systems NV)
• Nordic Ammunition Company
• Denel SOC Limited
• CBC Ammo (CBC Global Ammunition)
• Herstal Group (Fn Herstal
• Other Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered

Small Caliber Ammunition Market, By Caliber Size

• 56mm Caliber
• 62mm Caliber
• 9mm Caliber
• 7mm Caliber

Small Caliber Ammunition Market, By End-Use

• Military
• Law Enforcement
• Civilian

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