AMMUNITION MARKET ANALYSIS

Ammunition Market, By Type (Large caliber ammunitions, Medium caliber ammunitions, Small caliber ammunitions, Artillery ammunitions, Mortar ammunitions, Naval ammunitions, and Aircraft ammunitions)By Product (Small arm ammunition, Rockets, Torpedoes, Missiles and warheads, Bombs (grenade and rocket bombs), and Miscellaneous (mines and other explosives)), By Application (Defense, Homeland Security, and Others (Personal, R&D, entertainment, and fire services)), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025
Code : CMI4679
Pages :150
Formats :
Excel and PDF
Industry : Aerospace and Defense

Market Challenge - Stringent government regulations on ammunition sale and export

The global ammunition market is facing stringent challenges due to increasing government regulations across various countries on sale and export of ammunition. Many countries have now enacted strict laws requiring extensive background checks and restrictions on bulk purchases of ammunition. Additionally, the export of ammunition has also become challenging with new rules and compliance requirements imposed by regulatory bodies. According to data from the United Nations Office on Drugs and Crime, the global seizures of ammunition shipments doubled from 2020 to 2021 reflecting increased trade monitoring by governments.

Market Opportunity - Development of less lethal and non-lethal ammunition for market

The global ammunition market has a huge untapped opportunity in the development of less lethal and non-lethal ammunition. With growing emphasis on safety and restraint, military and law enforcement agencies are showing interest in adopting alternative ammunition that can temporarily incapacitate a target without risk of serious injury or death. Leading manufacturers can gain a competitive edge by investing in R&D to create innovative ammunition like rubber bullets, tear gas shells, acoustic hailing devices, etc. catering to this niche segment. For instance, the UN reports that arms export licences were denied to Eastern European countries by Western nations in 2021 due to human rights concerns.