Ammunition Market Demand, Growth And Development Trends By 2014 - 2025..

The Asia Pacific, which is projected to grow at a CAGR of 4.5%, also accounted for the highest share in 2015 and is projected to continue the trend over the forecast period. The upsurge of terrorism activities in developing economies such as India is resulting in the strengthening of the overall defense system of the country. India signed several contracts valued at USD 15 billion to buy armories in March 2016.

Production of small armories and weapons is a leading industry in Europe as a result of which it has retained its position as one of the key arms exporters across the globe. Key countries in Europe consist of the U.K, France, Germany, and Russia.

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Competitive Insights

Major businesses in the market include General Dynamics Corporation, Remington Arms Company, Inc., BAE Systems, Ruag Ammotec, Federal Premium Ammunition, and Maxam and Poongsan Corporation.

With a view of safeguarding a solid position in the market and minimizing competitiveness, the international weapons and armories industry has constantly experienced mergers and acquisitions by key participants. BAE systems merged with General dynamics ordnance and tactical systems in the year 2012 to produce RCGM i.e. an 81mm Roll Controlled Guided Mortar.

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