The global ammunitions market is witnessing significant growth in the past few
years due to increasing conflicts abroad and rise in domestic crime rates.
Modernization in the army equipments in developed and developing economies is
also expected to drive the growth of the global ammunitions market. The need
for maintaining a professional army and their training requirement has led to
the growth in demand for ammunition. Additionally, development in technology
and the need to reduce collateral damage and reduce civilian casualties in war
has resulted in the growing demand for sophisticated precision guided
munitions. Increasing investments in ammunitions by Russia, Middle East, and
Asian nations is expected to boost the ammunitions market; however, end of conflict
and removal of troops from Afghanistan, and troop size reduction is expected to
reduce the requirement for ammunition.
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The high cost associated with maintaining and running a product
line in a profitable way, while investing in new technology and maintaining a
skilled workforce for meeting customer demands, is the major challenge faced by
this industry. The global ammunitions market is segmented depending on
ammunition type as large caliber ammunition, medium caliber ammunition, small
caliber ammunition, artillery ammunition, and mortar ammunition. Product
segments of ammunition market include – bombs, missiles, heavy military
vehicles, small arms, and other ammunitions.
Decrease in the defense budgets in most western countries is
expected to impact the ammunitions market. This has forced the ammunition
industries in the west to look for other potential markets to offset the
decrease in demand. The ammunitions industry is fragmented as most countries
are maintaining their own manufacturing capabilities to help them in
maintaining strategic autonomy in decision making.
Some of the major players engaged in the manufacturing of
ammunitions include Alliant Techsystems Inc. (ATK), Freedom Group Inc, General
Dynamics, Rheinmetall Defence, BAE Systems, and Nexter among others.
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This research report analyzes this market depending on its
market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
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North
America
·
Asia
Pacific
·
Europe
·
Rest
of the World
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Factors
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Current
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Market
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Market
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chain analysis.
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