The Global Large Caliber Ammunition Market Report, published by Emergen Research, offers an industry-wide assessment of the Large Caliber Ammunition market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2020-2028. The current trends of the Large Caliber Ammunition market, combined with a wide array of growth opportunities, key drivers, restraints, challenges, and other critical aspects, have been vividly detailed in the Large Caliber Ammunition market report. Furthermore, the report takes into account various market dynamics, which, in turn, generate a plethora of developmental prospects for the leading players involved in the of the Large Caliber Ammunition industry.
The global large caliber ammunition market size is expected to reach USD 452.5 Million in 2028 and register a steady revenue CAGR of 2.5%, according to latest analysis by Emergen Research. Significant technological developments in ammunition, such as high-speed projectile firing, laser guidance systems, and precision targeting technology, and increase in political instability and terrorism, are driving market revenue growth.
Increase in foreign deployment of armed forces and rising demand for firepower support on the battlefield are driving market revenue growth. Gunpowder, explosives, and other fillers are used in large caliber ammunition, and this ammunition has the potential to cause damage to the target or other tactical ordnance missions. It can be utilized in a variety of missions, as well as against air, naval, and ground targets. Major companies have created large caliber ammunition with a variety of characteristics, including target practice tracer, high explosive dual purpose, armor-piercing dual purpose with self-destruction, and anti-personnel tracer. Depending on the projectile type and needs, these large-caliber ammunition rounds are used in a range of military applications.
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The current COVID-19 pandemic is expected to have an effect on the growth of the Large Caliber Ammunition industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Large Caliber Ammunition sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Large Caliber Ammunition industry.
One of the report’s central components is the broad Large Caliber Ammunition market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Large Caliber Ammunition market players.
The report offers insightful information about the market dynamics of the Large Caliber Ammunition market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Large Caliber Ammunition market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Large Caliber Ammunition market.
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Some Key Highlights From the Report
- In July 2021, the U.S. Army had signed a USD 72.5 million contract with BAE Systems for the purchase and production of M109A7 self-propelled howitzer and M992A3 ammo carrier. The M109A7 retains the primary armament and cab construction of a Paladin M109A6 self-propelled cannon, while replacing the vehicle\’s chassis with current M2A3 Bradley Fighting Vehicle components. The M109A7 armored combat vehicle will be upgraded to keep up with the Army\’s fast-moving armored brigade combat team, which includes the M1 Abrams main battle tank and the M2 Bradley Armored personnel carrier.
- Artillery ammunition segment accounted for a significantly large revenue share in 2020. The ability to target enemy positions near inhabited areas without causing collateral damage is something that majority of governments recognize as a benefit of possessing artillery ammunition. The ammunition can be detonated both in the air and after it has penetrated bunker-like buildings, for which defense sectors of most countries have a strong preference for artillery ammunition.
- The rocket-propelled grenade segment accounted for a significantly large revenue share in 2020, due to greater preference for rocket-propelled grenades, as they are economical, lightweight, and effective. They also have a high penetrating capability and a wide range of dispersion, and can improve precision by increasing the amount of impact.
Major players profiled in the market report include BAE Systems PLC, Diehl Stiftung & Co. KG, Nexter Group, Northrop Grumman Corporation, Rheinmetall AG, RUAG AG, Saab AB, Denel Land Systems, General Dynamics Ordnance and Tactical Systems, and Nammo AS.
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Emergen Research has segmented the global large caliber ammunition market on the basis of product type, application, distribution channel, and region:
- Product Type Outlook (Revenue, USD Million; 2018–2028)
- Artillery Ammunition
- Tank Ammunition
- Mortar Ammunition
- Naval Ammunition
- Application (Revenue, USD Million; 2018–2028)
- Rocket-Propelled Grenade
- Naval Gun
- Distribution Channel Outlook (Revenue, USD Million; 2018–2028)
- Direct Sales
- Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
- North America
Radical Features of the Large Caliber Ammunition Market Report:
- The report encompasses Large Caliber Ammunition market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Large Caliber Ammunition industry
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