Ammunition Market Opportunities and Challenges detailed Report 2025

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www.360quadrants.com

• Ammunition Market by Application (Defense, Civil
  Commercial), Caliber (Small, Medium, Large),
  Product (Bullets, Aerial Bombs, Grenades,
  Artillery Shells, Mortars), Component, Guidance,
  Lethality (Lethal, Less-lethal), Region - Global
  Forecast to 2025

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The Ammunition market study offers a thorough
analysis of the key factors, market figures in
terms of revenues, segmental data, regional data,
and country-wise data. Ammunition Market is
expected to reach USD 24.9 billion by 2025, at a
CAGR of 3.6 during the forecast period. The
Ammunition Market is divided based on
Application, Caliber, Bullets, Aerial Bombs,
Artillery Shells, Mortars, Guidance and
Lethality.Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id923utm_sourceFrepro-sonaliutm_mediumsona
liutm_campaignsonali Ammunition Market Size
Forecast to 2025 With COVID-19 Impact
AnalysisThe COVID-19 pandemic has caused a
large-scale impact on economies across the world.
The global manufacturing of ammunition,
components, and assembly lines have been
impacted. Although the manufacturing of
ammunition fors military applications is of prime
importance, disruptions in the supply chain have
set back their manufacturing for the time being.
Resuming the manufacturing and demand for
ammunition depends on the level of COVID-19
exposure a country is facing, the level at which
manufacturing operations are running, and
import-export regulations, among other factors.
Although companies may still be taking in orders,
delivery schedules might not be fixed.
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• Various countries have decided to cut overall
  defense budgets. According to industry experts,
  defense departments are focusing more on sectors
  that are of high importance to national security,
  while budgets for research and non-critical
  sectors are likely to be temporarily cut.
  However, countries like the US, China, and other
  countries in Europe have increased their planned
  defense spending during this time, contrary to
  Latin America and Africa.
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• According to an industry expert, the demand for
  ammunition is not expected to be affected to a
  great extent since ammunition is a key component
  of the frontline infantry. However, according to
  the International Monetary Fund, global GDP is
  expected to drop by approximately 3.0 in 2020.
  This would adversely impact the revenue generated
  from taxes. When taxes drop, governments are
  placed under tremendous pressure the effect of
  which will be seen in the subsequent years. Since
  all initial budgets by countries were announced,
  voted, and passed in 2020 before the pandemic,
  none of the current budgets consider the economic
  impact of COVID-19. It is estimated that budget
  cuts and the real impact would reflect only once
  draft budgets for 2021 are released.

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• Ammunition Market Dynamics
• Driver Modernization programs undertaken by
  military forces in major economies
• Rising incidences of armed intranational and
  international conflicts have driven several
  countries to enhance their military strengths
  through the procurement of advanced ammunition
  and equipment. Modernization is currently being
  undertaken across most emerging economies of the
  world, including Russia, China, Turkey, India,
  and Saudi Arabia. As a result of this, defense
  expenditure for ammunition procurement and RD
  activities has increased significantly across the
  globe over the past few years. These countries
  are spending significantly on military
  modernization programs to enhance and upgrade
  their surveillance capabilities and improve their
  firepower assets in terms of range, precision,
  mobility, and lethality, with range and precision
  being the main criteria for ammunition
  procurements. These modernization activities are
  one of the most important drivers for
  small-caliber ammunition and firearms demand.
  Increasing training expenditure by major
  economies, as well as emerging economies, is also
  growing small ammunition consumption.
• Opportunity Reduction in weight of ammunition
• One of the major challenges for the ammunition
  industry is the development of lightweight
  ammunition that does not compromise on combat
  performance and precision. Modernization programs
  adopted by several nations to empower their
  militaries and law enforcement agencies have
  resulted in a significant increase in the total
  weight of ammunition. The combined weight of
  equipment prevents personnel from being agile and
  effective. Hence, law enforcement and defense
  agencies are now focusing on acquiring
  lightweight ammunition.

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• Increasing spending on the modernization of armed
  forces is driving the growth of the defense
  applications
• The defense segment of the ammunition market has
  been classified into military and homeland
  security. The growth of the defense segment of
  the ammunition market can be attributed to the
  increased spending of countries
• The North America market is projected to
  contribute the largest share from 2020 to 2025
• The ammunition market in the North American
  region has been studied for the US and Canada.
  Major factors that are expected to drive the
  growth of the market in the region include rising
  instances of terrorism, which have led to
  increased use of ammunition by armed forces and a
  growing number of drug cartels in Central America

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• The market for true wireless audio device/earbuds
  could grow at the highest CAGR during the
  forecast period
• The true wireless hearables or earbuds segment is
  expected to witness exponential growth during the
  forecast period owing to the high demand for true
  wireless hearables among the consumer segment.
  The major player in the market, Apple (US), has a
  major market share in the true wireless hearables
  category. The other prominent players offering
  true wireless hearables are Samsung (South
  Korea), Bose Corporation (US), Sony Corporation
  (Japan), GN Group (Denmark), etc. The gradual
  shift from wired audio devices to wireless audio
  devices has resulted in major demand for earbuds.
  Moreover, the significant penetration of
  smartphones has also facilitated the growth of
  true wireless hearables.
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• The market for Bluetooth technology is estimated
  to account for the largest share during the
  forecast period in the wireless audio device
  market
• The Bluetooth segment of the wireless audio
  device market is projected to grow at the highest
  CAGR during the forecast period. Audio streaming
  in wireless audio devices used in consumer
  electronics is carried out using Bluetooth
  technology. The growth of this segment can be
  attributed to the initiatives undertaken by
  manufacturers to increase the throughput of
  wireless audio devices equipped with Bluetooth
  technology that is used in consumer electronics.

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• Mr. Agney Sugla
• agney_at_marketsandmarkets.com
• 630 Dundee Road, Suite 430
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